Do you need to make more money now? I do. I need to make $11,000 in the next 2 months, but I believe that I can do it. Plus, I can teach you how to make more money now as well!
I certainly didn’t see it coming. Tax time came around and I didn’t expect a huge return, but I definitely didn’t expect to owe $4,300! After all, I claimed zero for my full-time job and I paid in quarterly for my side business. Add to that the amount that I owe in quarterlies this year and the dollars that I still owe my ex, and I soon realized that I need to come up with $11,000 by the end of May!
Money Set Aside
Because I didn’t know what the outcome of my taxes were going to be, I did have some money set aside as a “just in case”, so this brings down the total to about $6k. But, $6k in 2 months?? That’s still one heck of a challenge.
If I want to, I can live pretty freaking cheap. If I commit to buying groceries and not going out to eat as well as not do anything else that costs money (sorry golf clubs, but you’re staying in the garage), I could have a disposable income of about $1,500 a month. So now I’m down to owing $3k.
On average, I can count on my side businesses (mainly, this website) producing about $1,000 per month net of expenses. So, now I’m living unbelievably cheap, using all of my side income toward my expenses, but I’m still $1,000 short of what I need to pay all of my bills. So what can I do to increase my income by $500 (at least) each month?
Ask For a Raise?
If you have worked for a while in Corporate America, you know that making some extra money is not as easy as just going to your boss and asking for a raise. In order to get that desired pay increase, you have to show concrete examples of why you are worth the extra money, which means that you should have been working your tail off for the past 6 months, not just in the last week. So, just standing in front of your boss with your hand out (palm up) probably isn’t going to work at this point.
Earn Extra With My Talents
So far, I’ve been able to earn a pretty decent side income by writing about personal finance. People like to read my stuff (for some reason), and they’re always interested in making more money. That’s why there are thousands of personal finance sites out there. Do you know what’s tough about managing a personal finance site though? Coming up with articles every other day! For me, this is actually pretty easy since my mind is always thinking about business and making a profit.
So, here’s my idea: why not offer to write articles for other personal finance bloggers?! I can whip up an article in less than 15 minutes, charge $10 for it, and suddenly I’m making $60 an hour. Over the course of the next couple months, I estimate that I could find an interest for 100+ articles (I already have an order for 10). And there’s my $1,000!
It’s Easy to Make Money If You’re Already Making Money
So what’s the moral of my story? Basically, if I didn’t already have other avenues of making money, I would have been screwed, or at least it would have been way more difficult to come up with an extra thousand bucks in such a short amount of time. If you currently breathe air (by the way, that’s all of us) you’re going to have a situation arise in your life where you need to make more money, so I suggest that instead of waiting until that moment of desperation, make some more money today.
How to Really Make More Money Now
For all of you that are about to rip my head off because this article promised you ways to make more money now, take a look at my not-so-new-but-still-incredibly-relevant book, “101 Ways to Make More Money”. Some of the tasks listed in this book aren’t the most glamorous, but they will definitely help you make more money today.
If you needed to make more money now, could you produce it? How?
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.