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How To Make Extra Money During A Recession |Episode 167
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Today we’re tackling a super timely topic: "How to Make Money During a Recession." We know times can get tough, so we're here to share some nuggets of wisdom on how to not just survive but actually thrive during economic downturns.
Feel free to make more and save more on taxes? Join us on our next Challenge here : ✅ http://challenge.melaninmoney.com
In this episode, we’re breaking it all down—from where to reinvest your profits at different stages of business growth to the critical role of marketing and brand awareness. We’ll chat about why having access to capital can be a game-changer and how a balanced approach between emergency and opportunity funds can set you up for success.
We’ll also touch on some interesting examples like PayPal and Dropbox, and dive into our own personal stories about financial stewardship and smart money management. Plus, we’ll give you the lowdown on how to leverage low-interest borrowing for growth and why diversifying income streams within your own business can be a goldmine.
Whether you’re just starting out or you’re ready to scale up, we’ve got some practical tips and strategies that will help you make the most of any economic situation. So, grab a coffee, get comfy, and let's get into it!
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