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Growing Wealth

Yes! You Can Get Rich in a Recession

goodman_1.jpgMay 1, 2008
The economy may be in shambles, but you still can position yourself to make huge profits. All you need is a clear trend — and Jordan Goodman is identifying several for you.

A nationally recognized expert on personal finance, Jordan Goodman appears weekly on FOX Business Network’s America’s Nightly Scoreboard with David Asman. He’s also a daily guest on radio and television call-in shows across the country.

For 18 years, Goodman served as Wall Street correspondent for Money magazine, and he’s authored 12 books on personal finance, including the recent, top-selling Fast Profits in Hard Times. Read the rest of this entry »

7 Recession-Proof Businesses You Can Start Now

chief.jpgMay 1, 2008
There’s no question today’s business climate is challenging — if not downright deadly. Still, businesses have thrived during past recessions, and many will flourish this year. It’s a simple matter of picking the right industry and setting yourself up for success.

Most Americans think the economy will be tanking soon, if it isn’t already. In fact, two out of three consumers believe the U.S. economy is getting worse, and 57 percent think we’re heading into a recession in the next 12 months, according to a recent Fortune survey.

That makes layoffs, unemployment, and financial hardship top-of-mind issues, especially given the subprime mortgage debacle and its ripple effect through the rest of the economy. Of those 1,000 individuals surveyed, 18 percent are worried about losing their jobs, and 8 percent are “very worried.” Read the rest of this entry »