Well the US economy is in bad shape and will inevitably get worse. I'm going to have to start to think about ways to buckle down and fortify. I vividly remember the .com explosion that impacted the site heavily back in the day.
Remember, to increase profits there are two paths:
(1) Increase your revenue
(2) Reduce your costs
Often people spend the majority of their financial time trying to think of ways just to reduce their costs. This is HARD though. It's often just as easy to increase revenue as it is to reduce costs
Why not spend 50% of that time on reducing costs and 50% thinking of ways to increase revenue instead?
Here are some ways I can reduce costs:
(1) I can cook more often instead of buy from outside,
(2) I can limit video game purchases (this'll be a hard one), maybe to one purchase a month used, and sell the games I don't play anymore
(3) me purchases (this'll be a hard one)
However, these are for the most part optional costs. Eating out, video games, etc. aren't the same as shelter, health insurance, and college loan payments. Having a plan in case everything goes to hell is a good idea. For me, I'd probably move back with my parents or find an emergency job until things stabilized.
As you know, I'm always trying new ways to increase revenue, sometimes with success often without. Here are three examples:
(1) I'm making a game that could become a hit
(2) Making theO Premium
(3) The buy1get1free Art Of Otaku sale
Etc.
The thing with growing revenues is that if you're successful with something there's no ceiling as to how successful it can be. On the other hand if you're cutting costs, there are only so much you can cut.
Win or lose you have to keep trying... Just remember it's much more fun and has many more long-term benefits (relationships, experience, etc.) to focus on growing revenues vs. cutting costs.
