The first thing to look at is the money you already have, In difficult times like these, it is only common sense that you should be a little more strict about your outgoings. Going out for dinner and having a good time with friends, or spending the weekend shopping for nice clothes is fine, but only in moderation.
Real estate investors love recessions because they can find very cheap cash-flow positive property, although this vehicle does require you to have a higher upfront cost, e.g coming up with the deposit/ releasing equity in your own home/ and all associated fees involved,the Return on investment can be extraordinary. You obviously have to know you market and do your homework but it will pay off, that i’m sure.
What you need to do is search through ebay or other marketplaces for the chosen product and its ralative accessories and write down a price list showing which marketplace and the buy/sale price. For example I know that the i phone is hot right now, so id search all marketplaces and determine which one i was going to purchase on, and which one i was going to sell on.You can make a lot of money doing this, although it can be somewhat timely, it does pay off if done correctly.