What is the best paying job you’ve ever had? $15 an hour? $20 an hour? $25 an hour? Maybe you’ve even earned over $30 an hour at some point in your life! What if, by reading this simple post, you could increase your hourly wage to over $1,000 per hour? And, I absolutely think you can. It would be worth the 5 minute read wouldn’t it?
Now, I must confess up front that I don’t have a magic job resource or a fancy online gimmick that will rake in the dough for you. What I have here is a sure fire way to save you money over the course of a single year. The actions that need to be taken are quick, simple, and can collectively be accomplished in under an hour. Therefore, if you could make these suggested changes within one hour for the year, you’ll effectively be earning all that money from just one hour of work. After all, a penny saved is a penny earned!
How to Make $1,000 an Hour
So let’s get down into the details. What actions could we take that are quick, simple, and would save us money over time?
1) Increase Your Car Insurance Deductible – If you can’t remember the last time you had an accident, there’s really no reason to have $0 deductible insurance on your car. If you have over $2,000 in your savings account, up your deductible to $1,000. This should save you at least $300 per year. Time it takes to make the switch: 5 minutes.
2) Pay Your Car Insurance Every 6 Months – My wife and I have paid our car insurance monthly from the beginning (since we were poor in the early years), but there are additional fees each month to do this. You could save $36 per year if you pay every 6 months instead. Time it takes to do this: 2 minutes.
3) Reduce Your Thermostat Temp – There’s no reason to heat up your house to 80 degrees in the winter time. My thermostat is set on 67. I just slip on my wool socks and I’m good to go. Knock down your house temp by a couple degrees and you could experience a savings of $100 a year. Time it takes: 2 seconds.
4) Slow Down Your Internet – If you’re like me, you mostly use the Internet to surf the web and check your email, not to perform massive downloads or to navigate through hundred of windows at once. Reduce your Internet speed and you could save $120 per year. Time it takes: 10 minutes.
5) Experience Free TV – There’s so much garbage on TV these days, do you really need 200 channels of it? Basic TV is perfectly fine and it’s free! Make the switch and save at least $120 per year. Time it takes: 10 minutes.
6) Unplug Those Electronics – Did you know that your TV draws electricity even when it’s turned off! The same is true for your stereo, the toaster, the coffee maker, your phone charger. All of these items are drawing juice when they’re doing absolutely nothing! Be more conscious about unplugging these items when they’re not in use and you could save an additional $100 a year. Time: Negligible.
7) Put up the Plastic – Winter time is just around the corner, which means that the cold air is probably already seeping into your house through the doors and windows. Solution? Plastic. I know it looks a little hokey, but plastic does an amazing job at keeping out the cold air. If you just put plastic over the windows in the bedrooms, you could still save at least $50 a year. It’s definitely worth it considering it’ll only take 20 minutes.
Calculate Our Earnings
After it’s all said and done, it would only take us 47 minutes and 2 seconds to perform all of these tasks and it would save us $826.00! That means that for those 47 minutes of work, our hourly rate was equivalent to $1,053.57!! I’d say that that’s worth the effort, wouldn’t you?
Are you going to make any of the changes above to save some money? Do you have any other ideas for saving?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.