"The future belongs to those who invent it."-Joel Jenkins. So you want to know how to be safe during a future financial crisis? Create your own business. You'll hopefully have a steady stream of money or access to one in case of job loss, illness, etc.
Steps to take
1. create a business plan and review it every year
2. create a primary business and a few secondary businesses in case your primary business take a hit
3. find a service like CreateSpace to upload videos, books, etc that you've published
4. you must create a savings plan
LLC = Limited Liability Corporation
For the low cost of $225 you can hire a lawyer to make you a legit business in the state of MO
The benefits of becoming an LLC? Your company and not your person becomes liable in case of a lawsuit. You must pay 18% social security taxes but you can deduct anything pertaining to your business. It'll minimize your losses, you'll be legit and you can bid on government contracts and non profits.
So go ahead and gather some business cards. Fill 'em up with your contact info. Get ready to go!
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