By: Tom Chatham
Many Americans have been in dire straits for the past 8 years since the last economic implosion. Many still do not have full time jobs and some do not even have part time jobs. These people have been left behind while Washington plows ahead as if everything is just fine. To those with government jobs life is just fine. When times are bad it helps to have a guaranteed paycheck regardless if you produce any meaningful work in society.
For those that need employment all they are greeted with is a chorus of go get a job from elitists. That is easier said than done in many cases. When you are confronted with a need to earn money, you need a plan to make it happen. When jobs are hard to find then you need to think outside of the box and create a job for yourself. Having good luck is great but for the rest of us brainstorming is a must to find a niche to fill.
To brainstorm, all you need to do is take a sheet of paper and pencil and begin writing out a list of things you know how to do, things you have the tools to do it with and things you think are an unserved need in your area. Once you have a good long list start looking over it and assess the potential of each item.
Typical ways to make extra money are to offer a service that people in your area may need such as lawn maintenance, tree trimming, small engine repair, auto repair, welding or handy man services. These are some tried and true jobs that work just about anywhere. This is a way to cash in on some of your hobbies or special talents such as wood working, sewing, riding lessons or teaching a musical instrument.
For the last two decades, the internet has provided people with ways to earn extra money through web design, web sites and e commerce sites to name a few. New technology is always welcome when making extra money requires new ideas.
One problem many people will run into these days is the fact that many ways of earning extra income are service related jobs that depend on a good economy and people that have money to spare. When the economy gets bad the types of jobs will shift to things that people must have or will save them money by having you do it.
In a bad economy certain things happen like cars and homes get repossessed. The people who end up with these items may need someone to clean them up for resale, repair items or maintain the location until it is sold. You can sometimes find these kinds of jobs by talking to your local banker. Many people may find these types of jobs distasteful but if you need the money you’ll have to make a decision.
The first things people will seek to satisfy are food, shelter and clothing. These are the primary needs of humans. So in a bad economy something that fills one of these needs is a good choice if you can provide an economical price in your location. Growing some food to sell, converting your garage into a small apartment to rent out or mending clothes are good examples. If you are good with cars you might be able to buy cheap cars to fix up and resell for a small profit. In a bad economy many people will be looking to get a cheap car because they need transportation but cannot afford a newer one.
What services or products do you look for when your money is tight and you need to stretch it out? Is there something there that you can provide for others? We all hope things get better but if history is any indicator, things will likely get much worse before they improve substantially. The west line has shifted from North America to Asia. The west line indicates where the shipping center of the world is at any given time. Once it shifts away from a country that location will suffer the types of economic degradation we are now witnessing in the U.S. We can try to get some of our jobs back but that ship has sailed so we must learn to work with a smaller, slower economy if we are to survive as a nation.
Many people will not want to hear that but the truth hurts. Those that understand the dynamics of this phenomenon will be better able to cope with the new reality and plan their future to deal with it. This means understanding what products and services people will need and having a plan to provide them as the economy continues to be unstable for years to come until some type of equilibrium is achieved.
Many people have dreamed of being their own boss and running their own business. The economy we see unfolding will make it imperative for you to have more control of your income opportunities. Taking some time now to evaluate your current finances and developing a plan to insure your family has the things they will need will determine your standard of living in the coming years. Failure to plan now will likely end in a lower standard of living for you and force you to navigate the many difficulties ahead with far fewer resources.