Thursday, July 31, 2008

9 ways you can take advantage of this terrible economy
I like the 9 suggestions in this article. Particularly #1, #3, and #6. (See below) However, most people don’t have the slightest idea how to do these things. Investing in financial education is first and foremost the best investment you can make. If I could add a #10 to this list, I would make #10, Join Project Liberty.

Posted by Corey of Project Liberty

1. Buy foreclosures and invest in real estate

It’s a buyer’s market for sure. You don’t want to look back in ten years from now and have a “shoulda, coulda, woulda” moment. Even if prices aren’t low in your area, explore different towns and states for commercial locations and empty lots. Even if you don’t have the resources and funds to develop right now, stake your claim while you can.

3. Start a company

Sure, there are a lot of companies shutting down but this maybe the right time to start a company up. Here are some tips to think about if you want to launch a start up:

- Look for an industry or market with a large number of businesses closing. Are the big competitors shutting down? If so, you’ll have less competition.

- Research the reason why they closed.

- Find a solution and an opportunity in what they did wrong.

- Many of the companies shutting down are large corporations. So one of the best things going for you is being small but thinking big.

6. Learn

During times like these there is plenty that you can learn. Such facts as:

- Where the US gets most of its foreign oil from.

- How much gasoline the US uses.

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