Feb262010
Money-Making Lessons From The Great Depression
How to make money in tough times. Image source: Unknown.
Last week, the Federal Reserve Board released the minutes from their latest meeting and it looks like many of the top financial minds in the country believe the recession is far from over.
So if you’ve been waiting for things to turn around, I suggest you stop waiting and start taking action.
Because you do NOT need to wait until the recession is over to pursue your dreams. In fact, many great fortunes have been created DURING recessions and even during the Great Depression.
In a good economy there are people who struggle. In a bad economy there are people who make a fortune. The point is “there are ALWAYS opportunities for those who pursue their dreams…
Let me show you a few examples:
#1) During the stock market crash of the Great Depression, many lost entire fortunes. But not everyone lost money. Floyd Bostwick Odlum turned $39,000 into over $100 million by purchasing undervalued companies for pennies on the dollars.
#2) John Maynard Keynes didn’t have much success with his investments before the Great Depression. He actually became financially successful DURING the Great Depression by investing in cheap utility companies.
#3) Jesse Livermore became a legend when he shorted the market in 1929 (which means he would make money if the market went down, and would lose money if the market went up.) As we all know, the market crashed big-time in October of 1929 and Jesse Livermore made nearly $100 million.
Now, what do all three of these examples have in common?
With the benefit of hindsight, the answer is simple: When everyone else was focusing on doom & gloom, these individuals kept their eyes open and searched for OPPORTUNITIES and pursued their dreams.
Right now, you’ve got a similar opportunity. Most real estate “gurus” are preaching gloom & doom at the moment.
It’s easy to see why: In the past few years, house prices have dropped, foreclosures spiked and investing in real estate is now viewed as risky business.
And while it’s easy to focus on the negative aspects of this current real estate market, doing so probably won’t earn you a fortune.
So I encourage you to keep your eyes open and watch for opportunities as they present themselves — just like Floyd Odlum, John Keyes and Jesse Livermore did during the Great Depression. In fact, some of the biggest opportunities of all TIME are all around us,
If you’re a Dalbey Education student, keep a close watch on your email as this week I’ll be sending you some specific instructions on how to make money in foreclosures without risking a cent of your own money on property.
– Russ
Founder of Winning in the Cash Flow Business
I will be looking forward to them. I have a hip replacement in about a month,then I will be down for about two months,I will be ready to roll,unless you can show me how to make some money while I’m having all this done. Barry Portere
March 2nd, 2010 at 2:40 am
hope to be successful. succeed in the recession. timothy
March 2nd, 2010 at 3:35 am
If I have the money I could have been active in the cash flow biz. I have not even finished the Winning in the Cash Flow education. This is the reason why I did not participate in all you offers. I am just a reader of your emails. I could not afford the cost of this business.
March 2nd, 2010 at 4:32 am
Hello russ, i do have many leads for forclosures now as i type this. i have been studying the short sale service in commercial short sale and multi-family short sales. I haven’t been studying to much for the regular forlosure part but im sure it’s just as easy as the rest. just need the info. I do have the all the forms for all three just need a little guidance..looking forward to more knowledge for them. fred Richey Jr
March 2nd, 2010 at 4:37 am
Appreciate your info. Look forward to your next E-Mail. One thought on your Saturday
special. We went shopping in the morning, therefore, by the time we returned home, your session was over. Sorry that I missed it. I am certain that I would have benefitted from the offered instruction. Next time, I hope to be more fortunate. I have also started studying the “foreclosure” business. Your enthusiasm is contagious. Thaannnnxxxx. Don
March 2nd, 2010 at 4:44 am
would like to learn more
March 2nd, 2010 at 5:31 am
Hi Russ; I’ve found your Blog very informative. I read it to fuel my Winning in the Cash Flow Business. Thanks a lot. Also post a comment on The predictions for 2010.
March 2nd, 2010 at 6:03 am
sarah bertsch if a person is going into foreclosure and the bank is handling it can i step in and help the person
March 2nd, 2010 at 6:04 am
I know about the bad economic times. I am living it. I would like to know how to capitalize on forclosures. Can’t afford it at this time. No help nowhere in site.
March 2nd, 2010 at 6:08 am
Good information! Thahks Yvonne
March 2nd, 2010 at 6:44 am
I just got my custom Postcards from Vistaprint and it just so happens I am trying to fininsh up a project (i am an architect). I purchased a list fo note holders and I am planning to start sending out postcards later this week. Although it has been quite some time since I bought your program can I still ump in?
March 2nd, 2010 at 7:11 am
Keep the emails coming on opportunities in a
down market.
March 2nd, 2010 at 7:27 am
hello russ , i really appreciate your outlook in life. i watched first lesson in rapid re
sults yesterday, it inspiring and challenging , and i look forward to your emails and articles. thanks, rich
March 2nd, 2010 at 7:38 am
It has been nearly four years since I purchased your course..
Due primarily to health problems, I have never started, not even the web site or leads that I purchased..
Since I haven’t even started working with your personnel on the telephone, would it not be a mistake to sign up for any
course at this time? Would I not be far behind the others attending the class?
Thanks for your help!
March 2nd, 2010 at 8:03 am
Thank you for sending me those email What i have to do to start this business Do i have to start going to the court to cpllect the list of foreclosures
March 2nd, 2010 at 8:13 am
I hear you about making money in these hard times. But there always a hard times for someone. I would love to learn how to make money during times like these. My problem is like a lot of other Americans I have been out of work for about a year. I was in a bad car wreck that broke my neck, and I am 40 years of age. Most business’s are looking for broken old men. So instead of focusing on the problem, I would rather find a solutions in making money in the cashflow business. How do you go about contacting foreclosure invester/agents. Be for I lose every thing I work for. Thank you: Marcelino A. Molina
March 2nd, 2010 at 8:26 am
Hello I just recently bought you’re Protege package and I just need some help getting started.Do I have to make a blog or in other terms a website? I’m trying to send a message to my coaches but I can’t compose a message to them,so please can you help me out?
March 2nd, 2010 at 8:52 am
I read and try to grasp as much as I can, and I feel like I am learning a lot. I both appreciate and enjoy these classes and I look forward to meeting with you March 22. Meanwhile I do not have any resourses to invest in realestate at this time. Bobbi DiPaula
March 2nd, 2010 at 9:03 am
Hey Russ,
Your insight into creating income in an economic downturn has caused me to rethink about what I’m doing now. Although I don’t subscribe to a lot of Journalist’s economic outlooks as they have a tendency to twist facts to fit their particular truths, I do subscribe to your teachings with Cash Flow Secrets.
So, Thank you for this refreshing insight into the real estate market today. I will keep my eyes and mind open for unique opportunities as well as to keep learning with your institute.
Sincerely,
Ron
March 2nd, 2010 at 9:26 am
Thank you.
March 2nd, 2010 at 9:47 am
I have a monster!
Need your help now.
Thanks.
Bob
March 2nd, 2010 at 10:05 am
Thank you so much for the opportunity and the encouraging words. I am very anxious and look forward to being a success with your proven system.
By chance do you have conference calls at all during the evenings so that we can hear and learn from others. Thanks again.
March 2nd, 2010 at 10:19 am
I’m in FL for the winter, not NJ. Lots of forclosures here and my son has benefitted – purchased two, but without a “note”. If you have leads for me in charlotte county, it would be appreciated!
March 2nd, 2010 at 10:28 am
Greetings Russ;
Your integrity humbles me, thanks for your preeminence.Best wishes for your success.
=>365 for 2010!
March 2nd, 2010 at 10:34 am
This is a very interesting blog and somewhat encouraging. I’ll
have to admit that I have been discouraged lately because when
I find good Notes the sellers don’t want to sell them as they
don’t think they can get a better return on their money in this economy. This encourages me to keep on plugging away and
looking for those opportunities to make money. Thanks Russ.
March 2nd, 2010 at 10:47 am
Your article is encouraging. I lost nearly everything during 2008-2009 which includes a bankruptcy and foreclosure. I decided not to let these major events define me. I purchased your CashFlow program and feel that is going to be my track back to financial independence.
Your article reminded me that in spite of the worst financial experiences, if a person remains focused and go after their dreams in spite of the odds, they will succeed.
I expect to be on my road to recovery with your program within the next few months. 2010 will be a great financial break through for me.
Please continue to publish these encouraging blogs. People. such as myself need them
March 2nd, 2010 at 10:55 am
please sir, i will be paying close attention to that ad about making money like you have, teach me please, because i am sincerely praying for a break.
March 2nd, 2010 at 10:57 am
Russ this web site says alot about our future.
and gives us alot of information of what people
need to do.
Russ men that set around waiting for whats next
miss it. Because they never took the time to start in the first place.
March 2nd, 2010 at 11:06 am
To Ross I did not give up on you “I Need To Get
My Head On Strait Like You Sead In Lesson 4″
you “ARE” a good ‘TEACHER’!!!
March 2nd, 2010 at 11:43 am
I am planning to get started with your company this summer, as I will start working fewer hours on my regular job.
March 2nd, 2010 at 11:45 am
Thank you for the news letter this morning. It was just what I need to read today for inspiration and focus. Have a great day!
Best Regards,
Lori McGrath
March 2nd, 2010 at 11:48 am
Thank you for the information, however, these examples do not cover my particular situation.
March 2nd, 2010 at 12:04 pm
I don’t know how to get a website and would like one. I would love to learn about foreclosures but I’m still waiting for my leads to come so I can call my first note beal. Please Help..
March 2nd, 2010 at 12:20 pm
Thanks for your blogs and emails, Russ. They are always helpful. I will be looking for the remainder of those emails the rest of the week. My progress is still slow but do believe in you and that this is the business for me for the long run! Norah
March 2nd, 2010 at 12:24 pm
Thank you Russ for the continued inspiration. When things start to seem “gloomy” I open up your blog, and feel as though I ‘CAN DO THIS’ I am damned to get a NOTE, your blogs are absolutely interesting and without a doubt true. Please keep them coming. You are truly an inspiration to all of us that are struggling to find that first note I am sure. So thanks again.
Kelly
March 2nd, 2010 at 1:33 pm
I will be watching!!!!!!!!!!!
March 2nd, 2010 at 1:42 pm
Thanks Russ,
I need the positive outlook support. And I appreciate the information and will watch for it.
Jim
March 2nd, 2010 at 2:11 pm
wow this was a great eye opener i was worried about this economy thanks
March 2nd, 2010 at 2:39 pm
Hi Russ! Very incouraging and motovating. Good Blog!
March 2nd, 2010 at 3:26 pm
This message is very important. Moaning and groaning won’t change your situation. The important thing is to stay positive and be upbeat and look for opportunities. Thanks Russ!!!
March 2nd, 2010 at 3:40 pm
Russ, thanks for these inspiring blogs. They always come a the right time when I am feeling the frustrations of this business.
March 2nd, 2010 at 4:00 pm
russ I`ve tryed with no luck,but would like to keep trying,,I`m going to have to call for a little help on where to go to see wha tI need to do,,ty for keeping in touch with me
March 2nd, 2010 at 4:12 pm
Thank you Russ … as always you’re are providing great opportunities to your students.
March 2nd, 2010 at 4:16 pm
Good job Russ.Hope to see you while I’m in Denver in May.
March 2nd, 2010 at 5:31 pm
Thank you for this. I have a firm believer of seeking opportunity especially when everyone is plugged into doom and gloom. I look forward to upcoming emails and getting back on track in spite of my current personal challenges. With determination and perseverance,
Thank you once again,
Mary
Affirmation: I have perseverance. I finish what I start. I keep a steady pace in what I choose to do. I am loyal and committed.
March 2nd, 2010 at 5:45 pm
thanks russ, i will be watching for the next e-mail for specific instructions on how to make money in foreclosures without risking any of my own money. its sounds very exciting~ i am still
reading my manuel and saving money towards a small marketing campaign for “good news note service” / john w. boyle
thanks again!
March 2nd, 2010 at 6:13 pm
I hear you, Loud and Clear!
Rich
March 2nd, 2010 at 6:29 pm
Very encouraging and I’m excited about this money making opportunity!
March 2nd, 2010 at 6:43 pm
Very informative, Winning in the Cashflow, Protoge Program, the blog, videos with andrew, all in all very informative. However, until I can close a deal to further invest in ad campaigns and taking the cashflow business to the next level, I am and have just received my postcards and business cards, now getting a mailing ready to go out.I am confident it wont be long until i see some results, as now and then thanks for the valuable information on a steady basis.
Dale R. Combs
March 2nd, 2010 at 6:55 pm
View emails study learn from and make moves to makean income of profit and personal care and delight,profit care,expedince.
March 2nd, 2010 at 7:07 pm
email view turn into wealth.
March 2nd, 2010 at 7:09 pm
I won’t to learn all I can about this business. Every new thing I hear about this business I won’t to learn about it. This business excites me, and I really feel it for me
March 2nd, 2010 at 7:09 pm
learn and complete
March 2nd, 2010 at 7:11 pm
That there are always opportunities for those who take action and pursue their dreams is a good point. Thanks for the reminder that there are many who have made a lot of money in bad economies. Although the overall economy is in recession and probably will be for longer than we’d like, this is not a bad time for note finders and investors who are finding there’s lots of opportunity for winning in the cash flow business.
March 2nd, 2010 at 7:14 pm
Thanks for the info. im. learning all the time
March 2nd, 2010 at 7:15 pm
Russ Thank you for the Blog
March 2nd, 2010 at 7:16 pm
I look forward to your next email dealing with foreclosure.
March 2nd, 2010 at 7:22 pm
Hi Russ,
I read your article and I am definitely keeping my eyes open. I also am interested in foreclosures with no money down. Please keep in touch regarding this. I am still working on the different areas of your book sending out letters/cards and word of mouth to various businesses. I don’t want to go to fast with this. I want to go step by step until I can absorb what I am learning. Please don’t give up on me I am really trying to work this out. I know that your other article mention that you have to put out money to make money. I am quite awhere of this. I am putting out money as I can afford to.
March 2nd, 2010 at 7:38 pm
If Keynes thinking was not so ingrained now, I think our economy and culture would be on sounder ground. Why let some Englishman tell us how to run our economy?
Livermore had his day, then didn’t. Good while it lasted. But Lindberg Sr. was right about the Federal Reserve and so was McFadden in the 1930s. Nonetheless in the ballyhooed lean times, much green paper or digital figure stuff can be made. With regards to real ‘money’, that may be another subject.
March 2nd, 2010 at 7:51 pm
absolutely correct.I think lots of money will be made in the realestate market.I feel that when everyone is getting out is a great time to get in.
March 2nd, 2010 at 7:59 pm
Russ,my mentor, This is one of your many messages I am very obliged for.It exudes empathy, compassion and encouragement.Please accept my sincere and humly thanks.You will soon realize that I am not what my present situation makes those who don’t know me think I am.
Again thanks.
Henry Fossung.
March 2nd, 2010 at 8:40 pm
Russ,
Having success whether the economy is in good or bad shape boils down to what you have been saying all along – “If you think about what you want – you will get what you want. If you think about what you don’t want – you get what you don’t want. You get what you think about!” That is a very powerful statement! Our thoughts and how we respond to them plays a large role in how things work out! Thanks for the positive outlook!
Paul Franciskato
March 2nd, 2010 at 8:58 pm
I read the blog and i am look forward the week
ahead. I will read every email you send me.
Because i would like to have my succes. I am very tired of living paycheck to paycheck.
March 2nd, 2010 at 9:32 pm
I’m very interested in making money in realastate, if you have any information to share could you e-mail me at the above address.
Thank You
March 2nd, 2010 at 9:51 pm
Now is the time to buy Real Estate.
March 2nd, 2010 at 9:53 pm
Yes I know you are correct and I’m looking
forward to your tips on the foreclosures you will be sending this week. This is the one we need at this time.
Thank you,Jacquie
March 2nd, 2010 at 10:29 pm
Hi Russ!! I would like to thank you!!! you for every!!. Every thinks you prvided, Hotel, bus, food program that I learn. I try to teach my son to help me to call the customer. I’am brok now. Also I would like to thank you, your team so much. I hope to go their again someday.
March 2nd, 2010 at 11:33 pm
If I veer got a deal I would like to come to Colorido `(sp)to bee wiyh yall to learn what I can or could or should maybe seams like along time dream!
March 3rd, 2010 at 12:59 am
Would like to know what to do
March 3rd, 2010 at 1:00 am
It sounds very good and I cant wait to get the funds for the Dalbey Education student. Then I will be able to get some of that cash for myself, thank you.
March 3rd, 2010 at 7:36 am
I’ll be checking my email for your instructions.
Much Respect,
Ron
March 3rd, 2010 at 10:00 am
am not trying to wait till the recession is overb i
March 3rd, 2010 at 10:01 am
I am not trying to wait until the rec3ssion is over i`ve been trying to full fill my dream forover a year with the cash flow business to no avel.But i will keep trying
March 3rd, 2010 at 10:09 am
Mr. Russ Dalbey
I am still reading your e-mail when I have time since I can be able to open my mail system. (I am still struggling with my e-mail system)I am thank you that you are still keeping in touch with me. I am still not making any money now because I have a fear that I don’t speak english well and I don’t have much knowledge when I do the deals. Anyway, please give me the suggests what I can do to minimize the fear that I am feeling right now? Thank you Russ.
your failing student,
Michael Nguyen
March 3rd, 2010 at 10:23 am
I am contacting mortgagees through cold calling
and sending postcards. Have had some positive responses, but nothing definite as of yet, but keep you posted.
March 3rd, 2010 at 12:52 pm
that is very interesting, what can be done when the times are tough.
March 3rd, 2010 at 1:59 pm
You are so right. Real estate not a good investment? It will be a good investment again and if I had the money I would be out buying up every good deal I could find! We have to stay positive, if life were always easy we wouldn’t appreciate the easy times as much!
March 3rd, 2010 at 2:30 pm
Very inspiring and uplifting.I also re listened to a lot of my secrets cd and I have a newfound happiness that made my whole day yesterday like a dream.
March 3rd, 2010 at 6:01 pm
good blog russ glad I saved it you should consider note business history included as you do this…
March 3rd, 2010 at 6:23 pm
russ thanks for info re the great depression, i’m sure with yor opportunity this is a super way to make money. i’m trying to get back with you and start making some money.the problem i have had is health problems, but thats about over.so thanks fror being there. bob
March 3rd, 2010 at 7:26 pm
Dear Russ,
The computer had a virus and we had to get it serviced. I need my own, and I am very excited about being a student of your experstice. Determination is what these gentleman displayed. They were motivated to continue where others sucuumbed. I feel for once I might have stumbled across the right tool to become a success. I need to become wealthy and I feel that I can accomplish it now.
March 3rd, 2010 at 9:30 pm
Its agreat thrill that you would write mr back after all this time you would write me as little as I done Yes this is still my dream or one of them.If I knock hard and long eniugh some day someone could possibly hear me? And helpto go the way I should go with having to spend a thousand dallorsevery line You get the idea.Thanks for your help again
March 3rd, 2010 at 9:37 pm
Love the blogs. I haven’t really done anything with this yet, I guess I’m too scared to take a chance or too shy to get out there, not sure. But, I do love everything you are doing for people that are willing to go out there and get it. Keep it coming Russ
March 3rd, 2010 at 9:54 pm
Russ- Im almost ready to start searching for notes. I’ve been reading all 3 books and by next week I’ll be ready to start. Please don’t give up on me.
March 4th, 2010 at 9:44 am
I to would love the opportunity to make a living with this program. To me i feel if i had the right tools and the understanding of this program, I feel it would be very rewarding to me and my family.
March 4th, 2010 at 9:52 am
That sounds great but it always seams when I get motivated some thing always happens like my computer goes on the brink or my phone line went out for a week due to a storm. I also find that I’m not great on the phone. I’ve sent out cards & 1/4 of them came back because of address change.
March 4th, 2010 at 12:03 pm
Thanks Russ you always blog about the things that are real and true. And this is another way of saying stop thinking so much and LETS TAKE ACTION THIS IS FOR ME AND MY FAMILY. THIS IS MY YEAR MY TIME.
March 4th, 2010 at 12:39 pm
I just happen to run across your website on my old e-mail address. I would like to get more information.
March 4th, 2010 at 1:27 pm
I Charles Newell I want to make 5,000 a month with Russ in WINNING CASH FLOW BUSINESS
March 4th, 2010 at 2:46 pm
show me the way
March 4th, 2010 at 3:29 pm
Good one, Russ. I always feel uplifted when I read your messages.
Tom
March 4th, 2010 at 3:45 pm
I have looked at Russ’s commercial for years, What was I waiting for?? This is without a doubt the best offering anyone could possibly hope to come across. Right now we have promised ourselves, that we are going to be one of the top money earners here in Montana. Currently I am tapped out financially. But all I need is the first few deals and what a leg up that will be. We can than really focus on where we want to go. And get more involved with the different aspects of the note business, such as forclosures. Thanks Russ, just for being who you are!
Gary and Cheryl Hlebechuk
March 5th, 2010 at 5:40 pm
Yes Russ I am interested in more information about this. Thank You Ron.
March 6th, 2010 at 6:08 am
Thanks for the eye opening information Russ.
I always look forward to reading your blog.
Regards
March 6th, 2010 at 2:32 pm
I just received your program 2 days ago and I’m very excited about this business’ potential. I have already read through most of your information and devoured several of your web sights. I only wish it wasn’t Saturday so I could go to the court house. I have looked at most of the blogs and I assume you are returning peoples comments via e-mail. But, as a newbie trying to learn all I can, It would be nice if you could answer some of the questions presented in the blogs on sight, so we could all learn. Thanks, and just call me “excited” from Minnesota.
March 6th, 2010 at 4:34 pm
I am going to be sure to stay alert to current events as they happen.How ever I’m still just as excited as I was when I FIRST got my note finders kit and will do something soon.The most important thing is my getting more financal literacy yes to know what to do with the money when it starts coming.I’m reading the Rich Dad series of books and oh it’s great.I’m reailly getting a since of what I want to do for the future.
March 6th, 2010 at 10:49 pm
russ dalbey,
thank god for you!!!
i have not done a note deal yet, but i beleive in your program and will continue to work hard at it, i am trying to get the money up to get in the money machine website and also do the foreclosure real estate also.
i will be 60 years old march 14, 2010, i lost a lot of money in my 401k and my wife is not working but this note business will get us back on track!!!
thank you,
bruce neal
March 6th, 2010 at 11:19 pm
Dear Russ Dalbey,
Received Your Protege package. Looking forward to all the contained information. Thank you.
Sincerely, John R. Boyd
March 7th, 2010 at 4:41 pm
Russ
Its hard sometimes not to focus on the negetive news that we have been hearing about our economy. It has has been drilled into us constantly day after day. But thanks to your blogs witch have been very encouraging and positive i have been able to keep focus on my goals and dreams and have been able to work my plan. Thank you Russ for everything.
Orlando
March 8th, 2010 at 1:07 am
Russ-I had to foreclose Ten Years ago-I know how it feels- had to file bankruptcy. I believe I would be a good candidate talking to people before they lose their home. Thank You and Your Team. Clell
March 8th, 2010 at 8:16 am
personally, I feel that now is not the time we can afford to be negative. Instead I for one must continue each day with–I can do this! I will be successful!
March 8th, 2010 at 7:50 pm
Great article. Keep them coming!!
March 8th, 2010 at 11:29 pm
All you newbees. I suggest the boot camp next time it is offered. It is awesome. Gives you a chance to do the business.
March 10th, 2010 at 8:50 pm
Hi,Russ
Thank you for those great infomation coming on you e-mail.We are just at the very early beginning in study of the “Winning in the Cash Flow Business”. By your encouraging and motivating,we will keep working hard to make our dreams come true.
Thanks again.
Betty & Bill
March 10th, 2010 at 10:20 pm
I personally want to thank you for your inspiration and wisdom.I admire your teaching savy and experiance in giving myself and many others confidence in there dreams. I will keep plugging away at the marketing communication to possible note holders,I believe we will be sucessful.THX, Tim Duffy. Redondo Bch, CA
March 14th, 2010 at 10:38 am
Russ,
I am finally seeing some results by just staying with the program and I am encouraged for the future. I will receive my first comission check next week and I have three more in process with a few more listings.
Russ, I appreciate your commitment to us and I trust you completely.
Sincerely,
Ron
March 19th, 2010 at 2:39 pm
i russ i hope to learn more aboute the business and hopefully make some money in the futher so ican take care of my family thanks.
March 25th, 2010 at 3:46 am
Carlene Oliver says:
Thanks Russ,for reminding us that we can make more money doing the
depression than any other times.
From now on,I shall try to be vigilant.
May 22nd, 2010 at 6:05 pm