What is Recession Proof Income?

3 05 2010

Bills, Bills, Bills

Recession Proof Your Income

How many times have you heard the phrase, “recession proof your income“?  What do you need to do in order to “recession proof” your income?  Why do you need to do that, and lastly, how can you “recession proof” your income?  This week we will cover what it means to recession proof your income and the hows and whys to accomplish just that.

Let’s first start with the question, what is recession proofing your income?   In a recession, your income does not go as far as it used to.  In order to recession proof your income, you need to find a way to make your money worth more, so that you can purchase at least what you used to be able to purchase.  In today’s economy, the money you earn just doesn’t seem to go far enough anymore.  You may now have to choose between using the car for several errands or just staying home and making do because the cost of gas for the car is more than what you have this week.  You may also have to choose between going to a doctor for health reasons or being able to purchase groceries for your family. 

In a nutshell, in order to recession proof your income, you need to have multiple income streams.  One of the most obvious ways to have more money is to get a second job.  In today’s economy, that can be a difficult thing to do, there are more people looking for jobs than there are jobs to work.  Another problem is obviously time.  If you are working more than a 40 hour work week in your main job, where are you going to find the time to get a second, or third job?  If you get that additional job, you lose that precious time with your family. 

Working a second or third job is not a good use of your resources.  You need to find something to leverage the income you currently have and make it work for you, not you working for your money.   If you have enough discretionary income, you may want to consider investing it in stocks and bonds (which can be risky), or investing in other business opportunities (being a partner in another company).  The object here is to not spend more time away from your family.  If you do not have a lot of discretionary income, you may want to look into business opportunities that offer “passive income“.

Passive income is income that you earn without additional hours spent by you working.  Passive income is money coming in that you do not have to lift a finger to earn, except to put it in the bank, or can be defined as an income received on a regular basis, with little effort required to maintain it.  The key is to find a business opportunity that fits with your lifestyle that will generate passive income and help you to recession proof your income.  One way to begin earning passive income is to get involved in some form of direct selling plan. 

Direct selling works best when time are bad because the number of sales representatives increase in the field.  There tends to be high gross margins, low-cost of entry (you don’t have to spend a lot of money to get started), a very divers amount of products and services to get involved in and huge room for growth.  According to a report from MSNBC Mad Money, direct sales is a recession proof industry.  In the attached video, Jim Cramer talks about why direct sales is recession proof.  He states that the top 15 direct sales companies comprise approximately half of the direct sales market.  He also goes on to state that many direct sales companies have access to the Global Market, not just the continental United States.  Access to a global market without having to spend a lot of your own hard-earned money is a very great way to begin earning additional income without going out to a second or third job.

Hawgwash, LLC offers several types of business opportunities that can earn you the additional income you are looking for.   One of our newest, and strongest opportunities today is in STEMTech.  STEMTech offers nutritional products that enhance the natural release of adult stem cells into your own body.  Their flagship product, StemEnhance, provides the natural stem cell nutrition for your body to release approximately 25% of  it’s own adult stem cells from your own bone marrow into your blood stream.  By having more of your own adult stem cells circulating in your body, those stem cells will assist your body to rejuvenate and repair itself.  The other advantage of the company STEMTech is that they are already international.  You do not need to purchase the rights to sell these nutritional products in other countries.  Currently STEMTech is sold in 14 countries and is continuing to work on opening additional markets. 

If you would like more information on STEMTech and the business opportunities they have to offer, you can view the video, or, you can e-mail us at hawgwash1@yahoo.com.  If you have questions about other income opportunities that we have to offer, please feel free to contact us through hawgwash1@yahoo.com

Until next week…

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2 responses

5 05 2010
Jonas Goldman

By all means necessary recession proof income is indeed important. Been finding ways to earn at the same time save. Here is another good post about passive income. Click Passive
Income: Fact or Fiction?”

10 05 2010
What Makes a Business Successful? « Hawgwash's Blog

[…] talking for a while about how to develop and grow a home based business along with how to begin to recession proof your income.  We are going to start an ongoing series (not always every week, but several times throughout […]

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