So you'd like to...

Proactive Responses to Make Extra Income during a Recession

A guide by Terry W. Sprouse "Author, Storyteller, Lincoln-ologist" (Tucson, Arizona)

Products sampled from this guide:
Introduction

Money may get a little tighter during a recession. We know prices for nearly all products are going up while our wagers remain the same. Better tighten your belt. Itís all fun and games until someone canít afford to buy their sushi.

Life is about more than money, but hey, we can make do with money if we have to. One solution is to increase the number of income streams that you have. The more income streams we have, the better prepared we are to survive a recession. Follow my suggestions and you will have your business(es) running like a Swiss watch.

1. Buy Fixer-upper Houses

The time to buy in real estate is when prices are low and soft, and when interest rates are low. If that sounds like the present situation we are in, you're right. Buying fixer upper houses gives you the added premium of buying houses at even lower prices and using sweat equity to raise its value. When you're done you can flip you house for short term gain (although it may not be so easy to sell in a recession) or rent it out for long-term gain.

Iíve taken all of the pain out of it for you by writing a book that will show you all the simple steps you need to take to get started. Fix 'em Up, Rent 'em Out: How to Start Your Own House Fix-up & Rental Business in Your Spare Time; or, Investing in Real Estate and Creating Wealth with Fixer-Upper Houses

In addition to my book, here are several other good references. Rich Dad's Advisorsģ: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors Series), Home Buying For Dummies, 3rd edition, Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days: Investing Without Losing Series, Real Estate Finance and Investments, The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction, What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth, Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors, The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know - Explained Simply, Real Estate Investing For Dummies (For Dummies (Lifestyles Paperback))

2. Take Handyman Jobs

Use your fixer-upper skills to take jobs as a handy man. Once people know that you repair fixer-upper houses their eyes light up. They think of several jobs around their house they would like you to do. When it comes out that I repair fixer-uppers in a conversation with someone, the conversation usually ends with the other person remarking "oh by the way, I have this leaky faucet (or toilet, or roof). I wonder if you could look at it."

You donít even need to be an expert at repairing things. I know I wasnít when I started. Just read books and ask a lot of questions. Here are some good books to get you started. New Fix-It-Yourself Manual: How to Repair, Clean, and Maintain Anything and Everything In and Around Your Home, Home Maintenance for Dummies¬, Black & Decker Complete Home Repair (Black & Decker Complete Photo Guide), Home Improvement 1-2-3

3. Turn Empty Space into Money - Rent Out a Room or Build a Separate Guest House

I know, "who wants to have a stranger in your house". But this can be a friend or a relative. Convert a section of the house into a rental room. College students make good renters.

If you have space in your yard, and the city codes allow it, it could be cheaper to construct a new guest house on your property than buying a new house.
Some people are frightened by having to deal with tenants. But tenants arenít so bad. Just learn how to manage them, just like you did with Fido, theyíll be eating out of your hand like puppies. These books should help you learn to crack the whip, or skillfully mold the behavior of your tenants. Property Management For Dummies (For Dummies (Lifestyles Paperback)), Every Landlord's Tax Deduction Guide, The Rental Property Manager's Toolbox: A Complete Guide Including Pre-Written Forms, Agreements, Letters, And Legal Notices: With Companion CD-ROM, Landlording on Auto-Pilot: A Simple, No-Brainer System for Higher Profits and Fewer Headaches



4. Write a How-to Book & Pass Along Your Knowledge to Others

Your experiences and unique and people buy books that show them how to make money. Write and publish the book yourself, and yes, (gasp!), learn to market it too. Sell it on Amazon.com.

It may not be as difficult to write a book as you think. Author Robert Benchley once said, "It took me fifteen years to discover I had no talent for writing, but I couldnít give it up because I was too famous."

Hey, if 23-year-old Michael Phelps can write a book, you can too! Okay, so he won a few Olympic gold medals. But, he never won any medals for writing.

Helpful books: Carve Out Your Niche: How to LIve Your Passion, Write Your Book, & Help Others Change Their WorldAiming at Amazon: The NEW Business of Self Publishing, or How to Publish Your Books with Print on Demand and Online Book Marketing on Amazon.com, Perfect Pages: Self Publishing with Microsoft Word, or How to Design Your Own Book for Desktop Publishing and Print on Demand (Word 97-2003 for Windows, Word 2004 for Mac), The Artist's Way: A Spiritual Path to Higher Creativity

5. Write a Blog.

Tell people about your daily activities, with an emphasis on how they can make more money or live a better life, and plug your book at the same time. Don't forget, you are an expert! And an expert is defined by Funk & Wagnalls as anyone who has written a book.

ProBlogger: Secrets for Blogging Your Way to a Six-Figure Income, Blogging For Dummies (For Dummies (Computers)),

6. Teach seminars or classes.

Now that you are an ďexpert,Ē donít take your new elevated status lying down. Cash in on your knowledge and notoriety.

Check into teaching at a community college or "open" university. They are always on the lookout for new teachers. Can't talk in front of people? Join Toastmasters and have fun while you learn.

How to Run Seminars & Workshops: Presentation Skills for Consultants, Trainers and Teachers, Marketing and Promoting Your Own Seminars and Workshops, How to Make it Big in the Seminar Business

7. Learn New Business Skills & Develop New Ways to View Life

Who says you canít teach an old dog new tricks? Branch out, think big! Broaden Your Horizons.

Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity, Money, and the Law of Attraction: Learning to Attract Wealth, Health, and Happiness, Will Work from Home: Earn the Cash--Without the Commute, The Last Lecture, The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich, A New Earth: Awakening to Your Life's Purpose (Oprah's Book Club, Selection 61), The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change, Getting Things Done: The Art of Stress-Free Productivity, The Purpose Driven LifeMortgage-Free!: Radical Strategies for Home Ownership (Real Goods Solar Living Books)Rainwater Harvesting for Drylands (Vol. 1): Guiding Principles to Welcome Rain into Your Life And LandscapeRainwater Harvesting for Drylands and Beyond (Vol. 2): Water-Harvesting Earthworks, Do What You Love, The Money Will Follow: Discovering Your Right Livelihood

Products mentioned include:
1.  Fix 'em Up, Rent 'em Out: How to Start Your Own House Fix-up & Rental Business in Your Spare Time; or, Investing in Real Estate and Creating Wealth with Fixer-Upper Houses  by Terry W. Sprouse
$14.00 Used & New from: $7.88
4.3 out of 5 stars   (46) | 1 customer discussion
Add to cart  Add to wishlist
2.  Rich Dad's Advisorsģ: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors Series)  by Ken McElroy
Used & New from: $0.01
4.2 out of 5 stars   (188) | 1 customer discussion
  See buying options  Add to wishlist
3.  Home Buying For Dummies, 3rd edition  by Eric Tyson
Used & New from: $0.01
4.4 out of 5 stars   (114)
  See buying options  Add to wishlist
4.  Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days: Investing Without Losing Series  by Don Sausa
$19.95 Used & New from: $13.88
4.2 out of 5 stars   (69)
Add to cart  Add to wishlist
5.  Real Estate Finance and Investments  by William Brueggeman
Used & New from: $12.88
4.1 out of 5 stars   (14)
  See buying options  Add to wishlist
6.  The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction  by Thomas J. Lucier
$22.46 Used & New from: $0.01
4.6 out of 5 stars   (238)
Add to cart  Add to wishlist
7.  What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures  by Frank Gallinelli
$13.29 Used & New from: $12.12
4.6 out of 5 stars   (90)
Add to cart  Add to wishlist
8.  Investing in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth  by Larry B. Loftis
$15.06 Used & New from: $8.78
4.2 out of 5 stars   (88)
Add to cart  Add to wishlist
9.  Rich Dad's Real Estate Advantages: Tax and Legal Secrets of Successful Real Estate Investors  by Sharon L. Lechter
Used & New from: $0.21
4.8 out of 5 stars   (37)
  See buying options  Add to wishlist
10.  The Complete Guide to Locating, Negotiating, and Buying Real Estate Foreclosures: What Smart Investors Need to Know - Explained Simply  by Frankie Orlando
$12.95 Used & New from: $3.12
4.5 out of 5 stars   (16)
Add to cart  Add to wishlist
11.  Real Estate Investing For Dummies (For Dummies (Lifestyles Paperback))  by Eric Tyson
Used & New from: $0.01
4.4 out of 5 stars   (30)
  See buying options  Add to wishlist
12.  New Fix-It-Yourself Manual: How to Repair, Clean, and Maintain Anything and Everything In and Around Your Home [Lay Flat]  by Reader's Digest
$25.00 Used & New from: $0.57
4.4 out of 5 stars   (202)
Add to cart  Add to wishlist
13.  Home Maintenance for Dummies¬  by James Carey
Used & New from: $0.01
4.0 out of 5 stars   (18)
  See buying options  Add to wishlist
14.  Black & Decker Complete Home Repair (Black & Decker Complete Photo Guide) [Deluxe Edition]  by Editors of CPi
Used & New from: $0.79
4.6 out of 5 stars   (219)
  See buying options  Add to wishlist
15.  Home Improvement 1-2-3 [Large Print]  by The Home Depot
Used & New from: $1.87
4.3 out of 5 stars   (28) | 1 customer discussion
  See buying options  Add to wishlist
16.  Property Management For Dummies (For Dummies (Lifestyles Paperback))  by Robert Griswold
Used & New from: $0.01
4.5 out of 5 stars   (32)
  See buying options  Add to wishlist
17.  Every Landlord's Tax Deduction Guide  by Stephen Fishman
Used & New from: $0.03
4.7 out of 5 stars   (100)
  See buying options  Add to wishlist
18.  The Rental Property Manager's Toolbox: A Complete Guide Including Pre-Written Forms, Agreements, Letters, And Legal Notices: With Companion CD-ROM  by Jamaine Burrell
$14.56 Used & New from: $4.52
3.8 out of 5 stars   (21)
Add to cart  Add to wishlist
19.  Landlording on Auto-Pilot: A Simple, No-Brainer System for Higher Profits and Fewer Headaches  by Mike Butler
$19.78 Used & New from: $13.90
3.9 out of 5 stars   (67) | 1 customer discussion
Add to cart  Add to wishlist
20.  Carve Out Your Niche: How to LIve Your Passion, Write Your Book, & Help Others Change Their World  by Terry W. Sprouse
$15.00 Used & New from: $9.36
4.8 out of 5 stars   (9)
Add to cart  Add to wishlist
21.  Aiming at Amazon: The NEW Business of Self Publishing, or How to Publish Your Books with Print on Demand and Online Book Marketing on Amazon.com  by Aaron Shepard
Used & New from: $0.01
4.7 out of 5 stars   (179) | 6 customer discussions
  See buying options  Add to wishlist
22.  Perfect Pages: Self Publishing with Microsoft Word, or How to Design Your Own Book for Desktop Publishing and Print on Demand (Word 97-2003 for Windows, Word 2004 for Mac)  by Aaron Shepard
Used & New from: $0.01
4.3 out of 5 stars   (77)
  See buying options  Add to wishlist
23.  The Artist's Way: A Spiritual Path to Higher Creativity  by Julia Cameron
$24.59 Used & New from: $8.06
4.5 out of 5 stars   (822) | 1 customer discussion
Add to cart  Add to wishlist
24.  ProBlogger: Secrets for Blogging Your Way to a Six-Figure Income  by Chris Garrett
Used & New from: $0.01
4.3 out of 5 stars   (84) | 1 customer discussion
  See buying options  Add to wishlist
25.  Blogging For Dummies (For Dummies (Computers))  by Susannah Gardner
Used & New from: $0.01
4.0 out of 5 stars   (53) | 1 customer discussion
  See buying options  Add to wishlist
26.  How to Run Seminars & Workshops: Presentation Skills for Consultants, Trainers and Teachers  by Robert L. Jolles
$14.07 Used & New from: $0.93
4.2 out of 5 stars   (27)
Add to cart  Add to wishlist
27.  Marketing and Promoting Your Own Seminars and Workshops  by Fred Gleeck
$19.95 Used & New from: $1.60
4.2 out of 5 stars   (41)
Add to cart  Add to wishlist
28.  How to Make it Big in the Seminar Business  by Paul Karasik
$15.15 Used & New from: $0.85
4.3 out of 5 stars   (13)
Add to cart  Add to wishlist
29.  Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity  by Garrett B. Gunderson
$19.76 Used & New from: $1.62
4.1 out of 5 stars   (101)
Add to cart  Add to wishlist
30.  Money, and the Law of Attraction: Learning to Attract Wealth, Health, and Happiness  by Jerry Hicks
$14.55 Used & New from: $1.25
4.7 out of 5 stars   (401) | 3 customer discussions
Add to cart  Add to wishlist
31.  Will Work from Home: Earn the Cash--Without the Commute  by Robyn Freedman Spizman
$14.95 Used & New from: $0.01
4.2 out of 5 stars   (54) | 1 customer discussion
Add to cart  Add to wishlist
32.  The Last Lecture [Deluxe Edition]  by Randy Pausch
$16.72 Used & New from: $0.01
4.6 out of 5 stars   (2,176) | 9 customer discussions
Add to cart  Add to wishlist
33.  The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich  by Timothy Ferriss
Used & New from: $1.09
4.4 out of 5 stars   (3,753) | 14 customer discussions
  See buying options  Add to wishlist
34.  A New Earth: Awakening to Your Life's Purpose (Oprah's Book Club, Selection 61)  by Eckhart Tolle
$7.58 Used & New from: $0.01
4.4 out of 5 stars   (3,016) | 32 customer discussions
Add to cart  Add to wishlist
35.  The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change  by Stephen R. Covey
Used & New from: $0.01
4.5 out of 5 stars   (2,950)
  See buying options  Add to wishlist
36.  Getting Things Done: The Art of Stress-Free Productivity  by David Allen
$14.40 Used & New from: $0.01
4.4 out of 5 stars   (1,474) | 5 customer discussions
Add to cart  Add to wishlist
37.  The Purpose Driven Life  by Rick Warren
Used & New from: $0.01
4.0 out of 5 stars   (2,256) | 5 customer discussions
  See buying options  Add to wishlist
38.  Mortgage-Free!: Radical Strategies for Home Ownership (Real Goods Solar Living Books)  by Rob Roy
Used & New from: $0.01
4.3 out of 5 stars   (32)
  See buying options  Add to wishlist
39.  Rainwater Harvesting for Drylands (Vol. 1): Guiding Principles to Welcome Rain into Your Life And Landscape  by Brad Lancaster
Used & New from: $7.15
4.9 out of 5 stars   (30)
  See buying options  Add to wishlist
40.  Rainwater Harvesting for Drylands and Beyond (Vol. 2): Water-Harvesting Earthworks  by Brad Lancaster
$28.82 Used & New from: $22.27
4.7 out of 5 stars   (35)
Add to cart  Add to wishlist
41.  Do What You Love, The Money Will Follow: Discovering Your Right Livelihood  by Marsha Sinetar
$11.33 Used & New from: $0.01
3.9 out of 5 stars   (61) | 1 customer discussion
  See buying options  Add to wishlist