Is your bank account full with that Trump money and it’s burning a hole in your pocket?
Perhaps this money came at a time when you truly needed it and it doesn’t even come close to covering what you need right now.
I sincerely hope you can weather this storm and if I can offer any help, then look through my blog for ideas to make money either online or otherwise.
My heart breaks to see so many businesses closed and people out of work right now.
People are possibly telling you that you should have prepared before now for times like this.
While that may be true, it doesn’t help you now and I hope people throwing blame and pointing fingers can at least shut the hell up for a minute and look for ways to be helpful.
I am truly grateful that I was at a point in my life before now that I realized I wanted to secure my own future and create my own income in ways that continue on in times like these.
If you are totally ok financially right now, congratulations.
There are some people in the middle that are still working but now have an influx of money from the government and realize that perhaps they would like to put it somewhere that will help them be more secure in any type of economic environment or tragedy.
Literally anything can happen right?
If I described you, first and foremost, make sure you have life insurance on yourself and anyone that produces income in the house.
Don’t add financial ruin to death.
It’s like pouring lemon juice on a gaping cut only magnified a thousand times.
Call around to reputable companies and get some rates on term or whole life.
Reputable means that they pay claims quickly.
I personally don’t like variable life policies tied to stock market investments because if the market crashes, then you can lose your insurance also.
Secondly, just have some kind of backup plan.
I personally believe in at least some kind of side hustle where you own a business and also, investments that are truly diversified.
A diversified portfolio means that you don’t just have money in different stocks.
Put some money in other areas where it can grow.
I don’t want to give too much advice here because I’m not a certified investment advisor, but there are other places besides the market where you can get great returns and start with small amounts of money and it will grow.
Do some research but maybe look into real estate, cryptocurrencies, the foreign exchange market, physical assets that appreciate.
Knowledge is king in these areas, but opportunity is abundant.
It is literally everywhere if you open up and look around.
Now, let’s talk about starting a side hustle or business.
Even a business that doesn’t earn a ton of money gives you tax benefits that you don’t receive from being only an employee.
That means more money in your pocket.
Talk to an accountant about what that could look like.
Also, I am biased about business owners and entrepreneurs.
I believe you get several other benefits.
First of all, it can be whatever you want.
Do you have any interests or ideas that you want to pursue.
Maybe there’s just an experience or process that people deal with regularly and they hate.
Could you make or do it better?
That’s all Uber did.
Think about how horrible the taxi business has been for so long because they knew there was no alternative for you.
That’s why Uber has captured huge marketshare in that industry.
If you can’t think of a new idea, just realize that there are many great ideas already around that work really well.
If you don’t know any, then read my blog. 😉
Some of them are free or almost free to begin and require work.
You are going to put in work and some money into anything worth the result you want.
There is no stability in depending on people, companies, corporations, or governments.
Do not automatically assume any of those people have the virtues that you hope they do in order to save you or make your life easier.
They are worried about their own lives and that of their families.
Nobody cares more about your life or your family than you do.
It’s up to you to secure your future and possibly that of your loved ones.
Perhaps, you don’t think you have the brains, ability, or work ethic to start and run your own business.
Let me just tell you that is a lie you tell yourself because of fear.
I once told myself the same lies.
There are morons out there making a killing running their own businesses.
Many of them are skilled in one or two things and that keeps things moving.
Think about the work you do now.
You are a big part of the backbone and success of the company you work for.
Perhaps if you leave, the company will have to hire two or three people to replace you.
Trust me that you have the ability, but most importantly, trust yourself.
Everyone that has done great things had doubts and made mistakes along the way.
Start today.
Take a step toward it as you can see possibly better than ever now, that tomorrow is not promised.
Everything can change in an instant.
I believe in you.
Believe in yourself!
Thank you for reading.
Phillip Adams