A standard definition of a recession is two consecutive quarters declines in GDP rates.
Such numbers are easy to manipulate for governments. For example, if GDP is negative but government wants to show that it is positive, the government can buy vaccines or military equipment from big corporations and add amount of sales to the GDP, so it becomes positive.
To avoid such type of manipulations a person needs to calculate a personal income after expenses monthly index (IAEMI), which is equal to this person income minus expenses per each month.
If two consecutive averages over three months are lower than an average over the previous three months then you are in a personal recession, because your IAEMI is lower than it was.
As you can see, an official recession and your personal recession are two different issues. By increasing your personal income you can increase your IAEMI and end your personal recession even so the official recession still exists.
Most people trade time for income, therefore their income is limited by a number of hours they spend to earn income and hourly rates. This limitation can be broken by combining active streams of income (where time is traded for money) with passive streams of income (where income does no depend on time you spend).
Even so, that crypto world offers a lot of opportunities for passive income, these opportunities have risks, costs and are not matured, yet for mainstream adoption to satisfy needs/costs of an average person. A simple way to earn reasonable passive income, without significant risks and costs, is what majority of people are looking for.
Income sharing programs (ISPs) offer such opportunities to anyone. Active streams of income in ISPs are coming from direct referrals and passive streams of income are coming from indirect referrals. See, for example [1]. ISPs will not make you rich, but they will provide you with stable passive income streams from indirect referrals.
Most people are familiar with refer a friend or affiliate programs. In these type of programs you are rewarded for referring your friends, relatives, etc. to become customers of companies. These companies pay you for direct referrals, but do not pay you for indirect referrals. Let us, consider an example where you referred 10 clients and each of them also referred 10 clients. Therefore, in total a company has 110 new clients (10 referred by you directly and 100 referred by you indirectly). If these 100 clients also refer each 10 persons, the company will have 1,110 clients and so on. If not your referrals, this company would not have so many clients, but the company does not provide you with income from sales generated by all these customers. The only reward you have is for 10 direct referrals. Is it fair?
Income sharing programs pay you regular income as a share of sales generated by direct and indirect referrals (up to a predetermined level). Therefore, you have in addition to active income (for direct referral) also passive income (from sales generated by the indirect referrals) and this income is comparable with income from a job, micro-business, or other employment. As we can see, income sharing programs offer us the most efficient option to increase our income (as measured by rewards per time and efforts) and recover from our personal recessions.
A popular misconception about an ISP is that it is a sort of a MLM scheme. This is incorrect. In MLM participants are forced to buy products/services from MLM companies and then resell them to their friends, relatives, etc. In ISPs participants are not forced to buy and resell products/services, instead they are rewarded for referrals (direct and indirect). For the reason, that passive income from indirect referrals is comparable with income from a job or micro-business, such programs give us a new option to increase our income and end our personal recessions.
Here are products/services, which have ISPs:
1. Generated on demand (GOD) dynamical passwords
2. Generated on demand (GOD) private crypto wallets
3. Friendly Arbitrage Calculator
4. Optimal assets structure calculator
5. Optimal bet size calculator
6. Medical tests calculators
7. Super Food Lists generator
https://www.publish0x.com/simple-solutions-to-complex-problems/simple-super-food-lists-sfls-xpzjkrq
8. Options price calculator
You can estimate income from ISPs using an ISP calculator (see [3]).
Another option to deal with a personal recession is to use friendly arbitrage (see [2]) to increase income streams.
In the next post we consider a simple way to estimate a number of your referrals in ISPs and RFPs.
References:
[1] A simple way to get stable regular yearly income from income sharing programs.
[2] A simple way to decipher the King Solomon’s proverb
[3] ISP calculator https://www.ispreport.xyz/utools/ispcalc/ispcalc.html
