3 Ways To Make Money During A Recession

You buy can Treasury Securities, including bonds, directly from the Treasury website: http://www. treasurydirect. gov/indiv/myaccount/myaccount. htm

There’s a mountain of data that says if you buy stock in US companies and it’s diversified, it will make you a lot of money in the long run. Stock can be inconsistent in the short tun, but in the long run it goes up and up and up. [4] X Expert Source Benjamin PackardFinancial Advisor Expert Interview. 11 March 2020. You can’t predict the stock market—you just have to be patient and wait for profit over time. [5] X Expert Source Benjamin PackardFinancial Advisor Expert Interview. 11 March 2020.

The price of gold tends to rise during a recession as investors look for safe options, so if you can invest in gold early you may see excellent returns. [6] X Trustworthy Source US Bureau of Labor Statistics U. S. government agency that collects and reports labor-related information Go to source

Once the recession ends and the value of the assets in your portfolio increases, the value of the contributions you made during the recession will increase accordingly. [7] X Research source

This can be risky, but it is up to you how much money you commit and how risky a borrower you are prepared to take on. You can lend to individuals or businesses. Average returns tend to be between 6% and 8%. [8] X Research source

Real estate investing also requires you to be prepared to jump on a house when needed with a pre-approved mortgage and dedicated home inspector. Otherwise, you may miss your opportunity. Look for sellers who are desperately looking to sell by locating empty houses or houses with frequently-reduced offer prices. This situation gives you the upper hand in negotiations. When buying homes in a recession, have a lawyer do a title search on the property to make sure that they are not any liens on the title. If you don’t, you may buy the property only to find out that you now owe money to a contractor or the previous homeowner’s lender. [9] X Research source

You can rent a room through an estate agent, or do it independently. Operating with an estate agent should give you more protection, but the agency will take a significant cut from the rental income. Whatever you decide, be sure to thoroughly vet potential housemates and ask for references from previous landlords. Alternately, you can rent out a room through a website like AirBnB or HomeAway. These websites will also take a small cut from your rental income, but allow you to easily post your residence, get to know potential renters, and accept payment. If you want the house to yourself at weekends, you may be able to find someone who only needs a room Monday to Friday. [10] X Research source

Be sure that you’re not violating the terms and conditions of your parking permit or residency before you go ahead with it. Once you are sure you are free to do it, you can advertise your parking spot online.

With these stores you can generally opt for consignment or selling outright. With consignment you’ll receive an agreed percentage of the resale price. If you sell out-right you get the money up front. Consigning is generally a higher risk, because if it doesn’t sell you mightn’t get anything. If it sells well, however, you may get more than you would from selling out-right. Vintage clothing or furniture can fetch a good price in specialist stores. Visit a few shops first to investigate the prices they are charging for items that are similar to what you want to sell. Sports stores may buy second-hand sports equipment if it is in good condition. [14] X Research source Specialist second-hand book stores will generally be quite selective about what they buy. [15] X Research source

Tutoring may most often mean teaching kids after school and helping with exam preparations, but there are many more ways to use your knowledge to make extra cash. Perhaps you could give some music lessons, or teach a foreign language. Maybe you could teach a cooking or baking class. You may even be able to get part-time work as a driving instructor if you complete the necessary requirements.

Mystery shopping will generally involve you visiting a store or business and asking questions or getting a specific product. You will fill out a form evaluating things such as the customer service and your experience in store. Beware of scams, and steer clear of any mystery shopping company that has a membership fee or tries to charge you for anything. Don’t pay fees and don’t respond to unsolicited emails. [17] X Research source

Look at some independent information that compares and rates online survey companies before you sign up for one. [18] X Research source Make sure you know all the details before committing as some places pay with vouchers rather than cash.

There is even an app that pays you just to install it. The app will collect anonymous statistics from your phone about the websites you visit, how long you spend on Facebook and other information. You can also get cash rewards for correctly predicting a string of sports results. [19] X Research source

Websites like Guru, Freelancer, Elance, Upwork, and Toptal connect talented freelancers with paid work. [21] X Research source You may not get a lot of money per task, but they will most often be quick and easy to finish. Be alert to potential scams, and only sign up to work with trusted websites. [22] X Research source