This is a guest post

The state of the economy in Australia and most of the world right now leaves much to be desired. World economies have been greatly affected by the global economic slowdown. Unemployment is on the rise, as are the costs of living. This is the state of most of the world’s economies since the slow climb back up from the financial downward spiral of a few years back. But one cannot just afford to give up. There are many ways that you can ensure that you and yours do not have to suffer too much due to all these problems.

One thing that one must accept is that the situation is not likely to improve overnight and that the conventionally accepted modes of paid employment are becoming obsolete. When there is a doubt of financial stability, firms are unlikely to retain a potentially less cost effective structure of employment when freelance or contractual based positions are better for the company. This means that a normal 9 to 5 job that you may get to go to everyday is rather hard to come by.  The qualifications and experience that you possess do not matter much if there no position out there at all. Even if you are willing to be flexible on your expected salary package, it does not ensure that you will find a job. 

Passive Income               

The best thing for you to do is to ensure that you possess a steady flow of what is called as a residual or a passive income. This means a source of revenue that you start and it works to continue bringing in additional income with little to no additional work. The ideal method to go about setting up such a constant flow of money is the internet. Online marketing, content writing, blogging, graphic designing, freelance programming, developing apps, website administration are just some of the simple ways that a little basic knowledge of computing and a small amount of initiative and innovative thinking can help you sustain your lifestyle by supplementing your traditional sources of income.

Blogging

Start a blog contribute religiously, and maintain the relevancy with articles that add value to the topic under discussion. Soon you will have built up a loyal set of followers and people will be lining up to post guest posts on your blog. Now you can start charging them nominal amounts for approving their posts; suppose you ask for $5 a month, for 10 posts from a single guest; imagine the money you will be making month on month, just by maintaining the integrity of your blog. For this, you have to post at least once a day, on the latest news, trends, etc. This is the beauty of internet marketing. But there is a gestation period just like any other business, and you have to be patient.

Just because regular job has become scarce does not mean you can’t make money.  As they say, “When one door closes, a window opens.” Which means opportunity is everywhere.  All you have to do is turn on your computer and with a little creativity your financial problems can be reduced.

This article was brought to you by Low Income Loans Australia, a financial blog which assists readers with creative borrowing options and tips on how to save money.