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I’ve been saying since the economic meltdown started back in the fall of 08, that it would be the entrepreneurs of the world that would bring us out of this mess and not government or big business! Now that seems more obvious than ever!I have talked to hundreds of folks in the past few weeks that have either been laid off, or are close to it. Why not create your own income streams and quit before they let you go!

I’ve been working for myself long enough now that I don’t think I could hold down a job anyway. I worked for at&t for 10 years before my job was sent to mexico, and I have not been an employee since. 
In times like these, when the economy is slow, folks are scared, you need to do something to break out of that mold. When a person is scared, they don’t move, or they move slowly. In this article I want to share with you 2 great tips on how to make huge amounts of cash in down trending economies.

The first thing is that you should have more than one stream of income. I have been a big fan of multiple income streams and I was preaching that before it ever became a catch phrase online. I taught that principle to folks way back in my mail order days!

So, here is tip #1. 
If you want to do great during and right through hard times, then you need to have some income streams that are not affected by the economy. That is exactly what index trading is, an income stream that is not effected by hard times. I’ve taught folks from all over the world, and from all walks of life how to do this. It is not difficult. If you don’t like index trading, perhaps you can learn to trade something else (I just don’t think you can beat trading the index).

Tip #2 
the next thing I would encourage you to do is to find something that actually does better in hard times, or takes advantage of the economic climate. You may have to have some clout or financial backing to do this. 
For instance real estate. I’ve heard donald trump say that he is buying property. He is buying while everyone else is selling. Let’s face it, there are some great deals out there right now. Banks are dumping homes for 50 cents on the dollar.

Even in the great depression, there were folks with vision who made fortunes, and you can too. As the federal reserve keeps printing the bail out funds, the us dollar is sinking lower (or it soon will as the inflation of the money supply catches up with the real world). Investors that hold hard assets like real estate and gold will do great if they have the staying power to hold on.

One of my student traders - who as it turns out is big in real estate - told me that their rentals are up, up, up, right now (they own apartment buildings all over the us - and are building more). As folks lose their american dream of home ownership they are looking for an apartment or some place to live. Since it is getting harder to secure a traditional mortgage, more folks are looking to rent something. Another area that is doing well is mobile home parks and/or rentals. People are being forced to down size and simplify, and these parks are catching the overflow.

Keep your eyes open to opportunities like these that cash in on the down trends, and you might be able to quit that job -before they let you go!