Recession Whacker #6

When I say "moonlighting," I actually mean it literally. In other words, working at night, after hours, in what can be a rewarding and potentially very lucrative second career.

Mugging bankers.

They're rich. They caused this whole economic crisis. And they're getting paid with your tax dollars. So why not help yourself to a late night withdrawal?

Which leads me to my next helpful (and fun!) tip . . .

Recession Whacker Tip:
Expand your moonlighting horizons.

Once you've done bankers, start spreading your wings!

Consider moving on . . . to financial consultants, top ceos, even politicians. They're all great sources of extra pocket money.

Added plus: You'll be doing the patriotic thing. After all, what's more patriotic than giving back to the taxpayer (you)?

Recession Whacker #5

Let's face it – a vente Starbucks a day adds up to primo bucks a year.

My suggestion? Substitute those costly coffee shop coffees with home brewed blends. And I DO mean substitute . . . and I DO mean home brewed . . .

(Added bonus: Less caffeine jitters!)

Recession Whacker #4

Remember to keep your investments diversified.

Savvy investors know that the key to a strong portfolio is diversification. You want to have a basket of different investments. A balanced portfolio offsets losses in one investment instrument with gains in another.

Here's a hypothetical optimal investment plan. Put:

• 30% in regular Lotto (Pick 6 or equivalent; lump sum payout only, not annuitized payout.)
• 20% in Take 5 and/or Pick 10 (or equivalents).
• 15% in Powerball/Mega Millions (or state equivalent)
• 15% in daily state-run numbers game (good way of accruing cash flow)
• 10% in scratch-offs (from $2 cards on up – you can determine which ones offer the best risk-reward ratio.)
• 6% in miscellaneous investment vehicles – horse racing, football pools, casino gambling, etc. You call it!
• 4% in stock brokerage accounts – stocks, bonds and other high risk investments. (Note: This is the speculative portion of your portfolio. Who knows? Maybe your broker knows something after all. . . why not roll the dice?)