How I’m Surviving and Thriving In This Crisis

https://www.youtube.com/watch?v=0vdQpcJrec4

We are currently going through both a health crisis and an economic crisis. Here is what I am doing to both survive and thrive during this financial crisis.

If you want to hire me for SEO, blogging, writing and social media services email me: ryan[at]onproperty.com.au

Cutting My Expenses To The Bone - 1:38

Doubling Down on My Business and Passive Income - 4:52

Looking at Ways To Find Extra Income Sources - 7:43

A Plan To Freeze My Debts If I Need To - 9:30

Having a Backup Backup Plan - 10:19

This Is An Opportunity To Thrive - 11:56

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Tips For Property Investing During a Recession

Transcription:

Ryan 0:00we're currently going through both a health crisis and an economic crisis with a lot of people losing their jobs people taking pay cards and also a lot of uncertainty around people's jobs business incomes etc and so i wanted to talk in this video about the things that i'm doing during this financial crisis to both survivor and to protect myself and my family financially but also to grow through this time and actually try and thrive through this time so when we get to the end of this because it will end eventually that i'm actually in a better financial position than when we started so i'm trying to use this as an opportunity and hopefully some of these ideas that i share with you will actually help spark ideas and you have things that you can do to survive this time and actually thrive in this time and end up in a better financial position hi i'm ryan from onproperty helping you achieve financial freedom and you know we we couldn't really see this coming obviously we didn't predict a global pandemic but i have been thinking about a looming recession for some time i started recording videos about a year ago talking about how to prepare for a recession what happens with property during recessions so i'll link up to those down below so i've kind of been thinking about this and preparing for this but it happened faster than i anticipated and faster than i wanted i was not completely prepared for this and set up to survive there so i'm in a similar position to a lot of you out there and that's okay panic stations what do i need to do to set myself up that i can foreseeably make it through this without running out of money so how am i doing that well the first thing that i'm doing is cutting my expenses to the bone i'm currently living at home so moved back in with my parents that actually happened to me a few months ago i was renting the owner wanted to move back into that place just so happened to be around the time that is the slowest for my business so christmas time january february tends to be my slowest months of the year so i thought i don't want to move back in around and started december only about back home for a couple of months and then when business picks up again i will move out a little did i know that in february and march the whole world would be thrown upside down so rent is obviously a major expense that most of you will be paying or a mortgage and so i was actually able to cut that out in my life already i know that's a really hard step for a lot of people people don't want to lose their homes living at home with your parents is not ideal obviously but i have taken those steps already swallowed my ego swallow my pride in order to set myself up financially get on top of my debts get on top of my cash flow anyway that i've cut that out the next biggest expense in my life was private schooling for my kids so my kids were going to a mont...