Why A Side Income NOW In This New Economy

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There is no better time than now to create a side income for you and your family to protect you from the problems arising in this new economy. 

Inflation has never been this high since the 1980s.  Mortgage rates are going up!

The stock market is all over the place, but mostly down right now.  

There is an international conflict going on in Europe that is creating all sorts of problems.  

There is tension in the Far East with China and North Korea, too.  

And there are shortages everywhere including housing, food, building materials and even baby formula!

The world is not stable right now!

We are all challenged, so we have to be more innovative, entrepreneurial, and decisive.  

It is certainly not the time to sit back and expect the government to take care of us.  We need to take action for ourselves.

NOW is the time to build a side income. 

If you are not thinking about generating more money in your life, then you are just getting by and probably living paycheck to paycheck.  

And if you haven’t noticed, that paycheck is not worth as much as it used to because of the high inflation.  Gas and food cost more, not to mention just about everything else too!

It’s time to get your money in order and create a side income now before it’s too late.  

The reason I started my part time home based business was to have flexibility and freedom to be able to work around my kids schedule.

However, it turns out that I was actually preparing for economic challenges like this.

My lifestyle business has provided me with residual income, so that I am able to protect myself and my family from the problems that arise in our economy.

I’ve built up a recession proof money mindset that has served me well over the years.  It started with choosing the right vehicle to earn residual passive income which I then invested in real estate assets.

I’m on a mission to help others do the same.  We can choose to make our lives better financially, physically, emotionally and spiritually.

Here are some ideas for you to consider.

  1.  First of all, decide on your priorities based on your current financial situation.  Sit down and review how you are generating income and how you’re spending it.
  2. Do you want to or need to generate more money?  How much per month do you want to generate and what will you do with it.
  3. Do you want a side income or plan B to generate more income during these hard times?
  4. Do you want to build assets that generate income?

With the extra money coming in, what will it mean to you?  Putting food on the table?  Investing for the future?  Reducing debt?   

Remember there is good debt and bad debt, so make sure you reduce the bad debt, first (credit card debt, for example).  And when you invest, understand the risk and the return on your investment.  

These are simple questions but you need to consider them.  Money should be on your mind all the time. 

So let’s get focused on our money mindset, build a side income and get to work now.

I would love to talk to you about how I can help you build a side income, increase your money mindset and work towards your financial freedom. 

This is what I love to do, empower others with money mindset/residual income strategies!  Click here to book a time with me. 

 

About the author 

Deborah MacDonald

As a social business entrepreneur, my passion is helping people build a business where profit and purpose come first. I teach people how to succeed online and enjoy the lifestyle of their dreams.

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