Cameron Olthuis

I got an email yesterday from a reader asking what my strategy is to survive the economic recession. I’ve actually been preparing for it, for awhile now. I pretty much saw this coming at least a year ago and really knew it was coming fast during late spring/early summer. The writing has been all over the wall for awhile now, sorry folks but this shouldn’t be a surprise to anyone. So what I am doing?

I’m saving every penny I possibly can so that I can invest into as many distressed assets as possible. There are going to be some amazing opportunities to pick up some sweet deals on web companies over the next couple years and I want to be the one picking them up. Quite frankly, there are a lot of websites run by people who don’t have clue, so when I can swoop in, pick those up and rehab them, I will.

I’m spending as little money as possible on myself right now. I stopped buying new surfboards, taking surf trips, buying new clothes, going out as much, I downsized my house, don’t drive a fancy car, etc etc etc. The only thing I want to spend money on right now is distressed websites.

So in a nutshell, that’s it. I’m not only going to survive this recession, but I’m going to come out on top, much better off then I am now. What’s your plan?