Decrease Debt
Quick math problem.
Take a minute and total all your minimum monthly payments for your debt.
What is the total?
Imagine if you could keep that money in your pocket or pay it towards something else (e.g., invest).
The lesson? Pay off your debt people!
If you want more insight on how to do this fast, watch Centsei’s Free Budgeting Class here.
Decrease Expenses
Dump Costco
Honest talk hereβCostco is a luxury brand for most people. Buying in bulk looks and feels awesome, but it. definitely is not cheap.
Check out how Costco tricks you into spending more $$.
Considering decreasing the Costco runs.
More green will be lining your pockets.
Increase Income
Take a moment and talk to your manager about getting a raise.Β
One of the best things you can do is approach him/her and explain that you need to make more money. Prep your argument and show why you deserve it. Don’t go in cold.
Perhaps inquire about how you might take on that you could get paid to do.
Often there are financial opportunities right under your own nose, in your current employment.
Get a second job
Another option is to get a second job, or have your partner work in the evenings when you can be home, etc.
We often need to work a second job until we can pay off debt, which frees up cash flow.
Donβt be afraid to take on a second job for a period of time.
Sell something
The basics of all commerce are buying/selling a product or service.
What product or service could you sell?
Inflation is here. Recession looks inevitable.
Things WILL get more expensive.
You will need to decrease expenses and increase income if you want to get ahead.
NOTE: If you want more education, make sure you CLICK HERE.
Centsei podcast
Episode 2: How to Talk to Friends and Family about MoneyΒ (especially if they aren’t good at it)
Kurt Francom
Guest Author
