Quite often I hear from people who feel trapped in a job and need to figure out a way to make extra money. They hear about how I've paid off a lot of debt in a short period of time and they wonder if my income has changed significantly. My answer is, no, I have used a few unexpected windfalls from different sources but I've also adjusted our lifestyle to get those debts paid off. One lifestyle change is to create some additional income.
The old phrase "spend less than you earn" is made up of TWO factors: spending and earning. Sure you can reduce your spending by a great deal, but very few people have saved their way to wealth. They have also earned additional income and then put that money to work for them.
There are many ways to make extra money, but how you make extra money is dependent on your current sources of income. Since your day job usually pays the bills, how can you make extra money? Here's some ideas to help kick start your brain into thinking about how to increase the earning side of the equation. These aren't considered "passive" income (filling out opinion surveys for cash & rewards does take time), but they can help generate some take-home pay to help reduce your debt and potentially get you some breathing room.
Make Extra Money By:
1. Freelance writing. Have a unique ability to pen the written word? Have a solid grasp of grammar, spelling, and communicating? You could become a freelance writer for newspapers, magazines, or other local periodicals. THAT could help you make extra cash! Don't be afraid to endure a lot of "No's" and you'll eventually get that "Yes" that can give you some instant credibility. Don't know where to start? You can find thousands of freelance writing and editing jobs…fresh jobs daily.
2. Plant maintenance. Just like people need help taking care of pets, they also need help with plants. Make some extra cash by taking care of house plants and even outdoor gardens while people are on vacation. You could also offer to take care of the plants kept in local offices on more of a long term basis. Again, the mileage deduction! Find Out the Other 24 Ways.
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