Survive in a Bad Economy

Rhonda Sciortino, author of the new book Succeed Because of What You've Been Through, joined us to share some inventive ways to make money, reduce debt and feel more secure in a bad economy.

  1. BELIEVE THINGS WILL GET BETTER. This isn't fluff. If you expect your life to improve, you'll be more likely to attract opportunities that will be stepping stones you can use to improve your life.
  2. Be willing to do whatever honest work is available to you. So many people miss
    opportunities to take a step toward improving their lives because they don’t want to “lower
    themselves” to doing work that they consider is beneath them. Many people accustomed to
    earning a certain amount are unwilling to work for less than that amount. Our egos often prevent us from starting in a new field or doing something we’re passionate about but doesn’t pay as much as we think we’re worth. Therein lies the challenge—attaching our worth and value to an earning level. You are a unique combination of skills, talents, abilities, attitudes, and personality in the entire world. You are invaluable. Who you are and what you’re truly worth is not connected in any way to the money you earn. If you doubt me, consider the money that people generate by running a drug cartel. You may find that a seemingly “menial” job is tremendously fulfilling to you.
  3. DOWNSIZE NOW. Downsize your life before you need to (perhaps you won’t
    need to). Many of us have justified unnecessary spending with thoughts that we deserve it, that we work hard, that we’ll put it on credit and figure out how to pay for it later, and so on. We can make a game out of learning to eat at home for a fraction of what we would pay to eat out. We can learn how to sew and make clothes. We can make customized gifts for loved ones rather than spending money we don’t have on gifts.
  4. If you don’t use it, sell it. Garage sales are good; eBay or Craig’s List is better.
    Whatever you have, there is someone somewhere who wants or needs it. If you sell online, you broaden your exposure to potential buyers exponentially. You may be surprised how much money you can generate from just cleaning out your closet. Once you become proficient at online sales, offer to help others in exchange for a percentage of the profit. You can do this at all hours of the day or night in your own home.
  5. Sell your services. There is someone who will pay for whatever you can do.
    Companions are needed for the elderly. Working families need reliable babysitters. Single moms need help around the house and to get kids to activities. Many people need landscaping, window cleaning, and housekeeping services done. If you have the feeling that any of this is beneath you, consider that every industry I mentioned is a multi-million dollar industry in the U.S.

Rhona will be speaking at an event in town:

  • HOPE Unlimited Banquet benefiting T.R.A.C. Life-Mentoring Program
  • Saturday, October 6, 6:00pm
  • Doubletree Hotel Lloyd Center, 1000 NE Multnomah Street, Portland
  • Click here for more information on the event.

For more information, visit Rhonda's website.  For a complete list of her survival tips, visit her blog.

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