Making Money in the Face of COVID

Categories: MasterU
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About Course

Introduction

If you’ve lost your job during the coronavirus pandemic, you’re not alone. Seven months after COVID-19 first cratered the U.S. economy in March, millions of Americans are still out of work. Hundreds of thousands more are applying for unemployment benefits week after week, and more than two-thirds of temporary business closures are estimated to have become permanent.

While the economy did rebound faster than expected from the pandemic-induced recession, economists say it’s likely to take another two and a half years to bring back all lost jobs. For Americans who’ve been laid off or furloughed, it means they’re going to have to grapple with a tough job market while on the hunt for new work. That comes with grave consequences for their wallets.

Here are some ideas and steps you can take to help you make money if you’ve faced job loss because of the COVID-19-induced recession.1

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  1. Bankrate, Smart Money, 13 Steps to take if you’ve lost your job due to the coronavirus crisis, 10-29-20, by Sarah Foster ↩
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What Will You Learn?

  • Benefits of the course

Course Content

Module 1- Job Loss
The Pandemic invaded our lives, our jobs are gone, and our money is lost gone. We need help. Read on!

  • Job Loss
  • Module 1- Quiz

Module 2- Increasing Income and Benefits
This lesson will review the strategies for increasing income and benefits and check the ones that seem possible for you. You will write down any specific ideas you have for accomplishing the methods that you discover.

Module 3- Making Money From Home
Many people want to be their own boss, so working from home is an appealing option after a job loss. We will teach you how to identify legitimate work at home opportunities and how to spot scams.

Module 4- Common Work-at-Home Scams
There are all kinds of home-based businesses, including ones that are set up to fail. Scammers make appealing — but not always truthful — pitches for medical billing businesses, envelope stuffing schemes, and craft and assembly projects, knowing that many people must find ways to work from home. We will show you how to avoid these scams.

Module 5- Possible Home Business Opportunities
Finding and running a successful home-based business is possible for anyone willing to put in the time and effort to find the right one. Unfortunately, like many other money-making ventures, scammers find ways to take advantage of unsuspecting people hoping to work at home. As a result, if you are looking for a proven legitimate home-based opportunity, you need to do your research to weed out the scams and duds. We will give you the tools to help you find the best one for you and your family.

Module 6- Starting a Business
Whether you are buying an existing business, a franchise, or starting a business from scratch, doing your research and homework is essential. By law, business opportunity promoters must give you specific information before you hand over any money. In this lesson, you will learn four things that the Federal Trade Commission’s Consumer Information department says you should do before accepting any business offers, and we will walk you through how to buy a janitorial service franchise.

Module 7- If It Sounds Too Good to be True, It Probably Is
Is this deal for real? It seems too good to be true but is it? You need to do your due diligence when you are in the process of either buying a business, a franchise, or other investment opportunities that may offer you income-producing opportunities. Most scams lure you in with promises of teaching you how to make a lot of money quickly, easily, and with low risk. Sometimes starting with a free seminar, the scammers later will charge you a hefty fee for their “proven” business tricks. But the real tricks are the lies they tell you. We will help you sort out the scams and find the best way of helping you realize your dream.

Course Wrap-up
A review of the seven lessons in the course.