Recession-Proof Your Life

Today we're discussing:

• How to build a profitable side gig to help recession-proof our lives.
• Ecommerce business ideas that creates a passive income with little upfront cost.
• Building an email list organically and with ads
• Learning from the competition 
• How to have work-life balance while being productive. 
• A sample routine to have time to do the things we enjoy. 

This show is different from any of the other shows in the past.  However, it won’t be the last of its kind. This entire show is dedicated to a listener’s question named Amanda, a single mom and Project Manager of 10 who is afraid of being a part of her company’s next layoff.  

“What can I be doing to protect myself? And it's something that all of us should be thinking about is how you can protect yourself.” 

-Trevor Crump

We have all been touched by the pandemic, recession, or race relations in some way.  Yet some of us haven’t diversified our income yet. 

Below is a small list of some companies who have laid off or furloughed hundreds and hundreds of thousands of jobs.  

Cineworld, American Airlines United Airlines, Lufthansa,  Delta Airlines, Spirit Airlines, Goldman Sachs, Boeing, AT&T, NBCUniversal, L Brands, the parent company of Victoria's Secret and Bath & Body Works, JCPenney, Wells Fargo, Walgreens, Daimler, LinkedIn, Oil giants Shell, Exxon, Disney, Ralph Lauren, WarnerMedia, Allstate, Carnival Cruise, Raytheon, Kohl's, Dell, Citigroup, MGM Resorts, Coca-Cola, Salesforce, and many more.

We did not cover all the ways to recession-proof our lives on the podcast.  However, here a few additional ways to survive a recession. 

7 Tips to Help Recession-Proof Your Life

1. Build an emergency fund
    
2. Live below your Means
    
3. Reduce debt/payoff
    
4. Establish an effective budget 
    
5. Maintain ample food, supplies, and necessities
    
6. Diversify your income
    
7. Diversify your investments

“...you can excel and grow when you're just executing without any strategy, you cannot excel and grow with strategy alone. If nobody's going to execute on that strategy, you can do it!”
-Trevor Crump

Join Trevor and my friend Lucas O’Keefe every Friday on Instagram for a 15-minute marketing live.

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