Comments on: How to Take Advantage of a Crappy Economy

By: Wojciech Kulicki

Wojciech Kulicki — Fri, 04 Dec 2009 12:01:52 +0000

I think that’s exactly why so many people are taking it up, not to mention that it’s a lot of fun for those who are enjoying what they do as freelancers (which I think most people do).

Once you have a baseline established, even if you’re making $100 a month, you have the skills ready to scale up that operation if need be (as it so happens in a layoff).

By: ConsciouslyFrugal

ConsciouslyFrugal — Thu, 03 Dec 2009 20:13:52 +0000

Yanno, freelancing might be even more important than we realize in this economy. I just read an article from the Wall Street Journal that highlighted two different men whose freelance (one was actually a hobbyist) gigs actually become their full-time jobs/income generators after getting laid off. If they hadn’t paid attention to their secondary revenue streams, they might not have had anything to fall back on.
ConsciouslyFrugal´s last post: Finding and Supporting Locally-Owned Businesses

By: Wojciech

Wojciech — Wed, 25 Nov 2009 23:29:20 +0000

Precisely the story out of CA I was alluding to. Thanks for bringing it up.

By: Financial Samurai

Financial Samurai — Wed, 25 Nov 2009 15:01:24 +0000

Indeed. Hence, should take a look at a post I put up yesterday entitled “Tuition Hike For The Poor is Like A Tax Hike For The Rich” after the University California raised tuition by 32%! OUCH!

By: Wojciech Kulicki

Wojciech Kulicki — Tue, 24 Nov 2009 17:54:31 +0000

Now, there’s an idea. Yes, I’m sure that the students in school now aren’t happy when they see their tuition skyrocket, especially since some of them went to school with the expectation of “being shielded” from the recession.

By: Wojciech Kulicki

Wojciech Kulicki — Tue, 24 Nov 2009 17:48:00 +0000

That’s an incredible discount, even for a family member! It’s great that you can take advantage.

I think there are many people “jumping on” the freelance train, but those who have been doing for a while, such as yourself, are definitely better positioned to take advantage of it.

Even after the recession is over, with the globalization of business and the Internet, I see a lot of work being done that way that was traditionally done with in-house staff.

By: Financial Samurai

Financial Samurai — Tue, 24 Nov 2009 14:07:39 +0000

Good points Fizz. And since colleges are being overrun, it’s a natural next step to start business that cater to nervous potential students and parents who need guidance and assurance.

By: Miranda

Miranda — Tue, 24 Nov 2009 14:01:28 +0000

Great post! I’ve had great business all through the recession — being a freelancer has never been better! And we’ve taken advantage of the low prices. My brother works at a furniture store, so we took the plunge on a dining room set and a sofa set. Why? Because we got a 60% family discount on top of the recession-sale prices. It’s all about looking for the silver linings and taking advantage of the opportunities. They’re out there.