Are you worried about your income due to Covid?
Solution is Multiple Income
Covid has brought many industries and companies to their knees. In the UK, employers are cutting tens of thousands of jobs as Covid-19 cases continue to rise. Between September and November 2020, unemployment has increased by 1.72 million.
Without the furlough scheme that was put in place by the UK government, the unemployment figures would have been much higher.
The Office for Budget Responsibility expects unemployment to reach 2.6 million by the middle of 2021 representing 7.5% of the population. The Bank of England predicts that unemployment could rise as high as 10%.
The unemployment figures include only the people that are in the system. In the UK, over 20.6 million people are estimated to fall through the cracks. That is 3 out of every 10 people. In October 2020, 5.7 million people claimed universal credit, this represented an increase of 106% since January 2020 from 2.7 million (Source: Department for Work and Pensions (DWP), 2020).
We all know people who have financially suffered from this. They all say that it had taught them that during a crisis, most of us are left financially vulnerable and won’t be assisted by the government. For now, EU countries have a furlough system in place, but this system can only run for a while. Once it stops, and it will – what then?
For most over a certain age to find new jobs, change careers or reignite their businesses will be very difficult and almost impossible. Pilots will have to apply for the same job as younger pilots asking for less pay. Business owners whose companies have closed, will find it very difficult to find new employment, and if they wish to open a new business they will need more capital.
A large percentage of us are living off our savings but those pockets are not endless.
The Solution – Multiple Incomes
The Pandemic has highlighted more than ever the need for extra income. This provides a cushion of financial safety that must be put in place.
“Multiple income is the key”, says Stephen, an entrepreneur who lost his business due to the Pandemic.
Generating extra income from existing savings cannot be achieved through a shortcut. It requires you to see it as an opportunity and a solution to financial security.
Now more than ever we need to balance savings and expenditure; and put the savings to work to provide that extra financial reassurance we require.
Fixed Income Plan
For over five years, the 12-month firewood plan has provided a fixed income every year. This is paid every three months directly to your bank account.
During the Pandemic, we have seen a rise in demand from existing investors who are generally medium to high income earners such as pilots, surgeons and ship/yacht captains.
Currently, this provides the safety net that allows you to receive the extra income without having to tap into your savings.
How does the plan work? Very simple. It is a 12-month fixed income plan, which pays 12% interest per year, every quarter. At the end of 12 months you can redeem your savings or leave them for another term.
This plan is provided by a Swiss based company that specialises in selling firewood products to over 10 countries. GG Capital is the biggest supplier of firewood products (to over 50% of the market) to Finland, Norway, Sweden, Denmark, Ireland, Spain, Greece, the Baltics and Russia.
There clients include Shell, Ingarö Ved, Norrort Ved, Kanava, K-RAUTA and Motoral, ICA, Kaminexperten.se, JSP Trading and their network of over 100 end customers.
The company is the first firewood supplier to receive the sustainable SWAN certificate, which has further increased the demand from existing and new clients.
Why they offer the 12-month fixed income plan? As demand grows, so does the need for capital to be able to meet the demand. GG Capital use the raised funds to purchase the firewood from their sustainable forestry partners and increase their supply to their clients such as Shell. This working capital is needed to sustain and grow the business.
Firewood has proven to be a pandemic-proof industry (click here for more information).
For more information about the 12-month Firewood Fixed Income Plan please email us at info@crewinvest.net