There’s good news, we can hack COVID-19 to MAKE MONEY! If you open your eyes to how we are spending our money, we are really in a time of financial opportunity and can really take advantage of it. As dismal as stock prices going down, and employee layoffs look, we are actually in a NEW place to turn it around toward opportunity. It’s easier now to create wealth immediately AND invest for our futures! Hack with me to increase your money NOW, and set yourself up for the end of this time, which is coming faster than you think!
1. Sell your stuff.
We know that if you’re home, you’ve at least THOUGHT about some spring cleaning, decluttering, throwing out old furniture, you get the idea. Make ANOTHER pile entitled Moolah! Make money NOW by putting the stuff you would normally get rid of during a spring cleaning spree in a pile you know you could sell. Set up an EASY online account with the smart phone App OfferUp and get locals to come and pick up your items for cash! If you want to set up an account on amazon, ebay, poshmark, etc. be my guest, however this entails much more work, including shipping, advertising, etc. Let’s make this easy, as you’re already having to sort through piles of your stuff anyway. This is all immediate income you can increase NOW. This app is especially helpful if you now finding yourself between jobs, and need money now.
2. Invest in the stock market.
Yep! I said it here folks. Stocks in general have taken a massive dip, and don’t get me wrong, this is NO time to bet on which ones will recover, however, they are all on SALE right now, some at the lowest they’ve ever been! Choose to smartly invest at this time by investing in a mutual fund. Mutual funds are like a giant stack of tortillas. Each tortilla is a different stock. When you invest in a mutual fund, what you are doing is investing in a slice of the whole stack. You get some shares of all the stocks. Dollar cost averaging is the principle of putting in the same amount (all your choice) each month, and continue to invest, regardless of whether the market is up or down. When the market takes a serious dip, LIKE RIGHT NOW, your investment even when it’s the same BUYS you a bigger slice of the tortilla stack, so when the market recovers, as it has for the history of the entire stock market, you have more shares at a higher worth! To learn more about dollar cost averaging, please purchase this gem, written by Paul Ramey on how to, step-by-step become an investor with the money you can afford to invest. The book is called Long Term Stock Market Investment Success : The “Dollar Cost Averaging” Process and this will put you on the path to investing, long term, in a safe way that allows you to celebrate when the market is low (more shares!) or high (I’m rich!).
3. Start noticing the money you are saving.
Are you no longer purchasing your daily latte on the way to work? Is your car seeming to get 3-weeks to the gallon? Are you wondering where all the money is coming from now that you can’t visit your favorite bar or restaurant three times a week? It’s really adding up if you look at what you’re saving with this pandemic. Being aware of the money you are saving can aid in the opportunities that open up to save even MORE! The way this happens is, when we become aware of a thing, we tend to see more of it. Opportunities to save, that have always been there, will seem to be new as we are now looking for them. I know you can do this, as you are one of my most conscious readers.
Happiest of Earth Day (50th Year) to you, and I’m wishing the highest in safety and health to you and your family. We will recover, and I know you want to be on the right path when we do! Let’s take advantage and hack COVID-19 for all the financial opportunities we can!