What we're currently working on in our family is living off of one income. Yes, there's only two of us, so it's not as hard as if we had a family with children, but it is still not the easiest. We're working on paying off student loans and then our mortgage, and would like them all gone within the next couple of years. And this is why we are working on living off of less than 50% of our incomes (this includes our expenses and our minimum monthly mortgage payment of $970 and minimum student loans of around $300 per month). The rest of our monthly income is getting thrown like crazy towards our debt as extra debt payments. Yes, we could continue living the way that we used to and pay off our debt slowly, but we hardly notice a difference … [Read more...]
Should You Start Your Own Side Hustle?
What's a fast way to jump start your savings, increase your income and pay down debt faster? Get a side hustle! I am a big proponent of increasing your income, instead of finding additional ways to cut back. Mainly because there are only so many ways that you can cut back, but the amount that you can increase your income is endless. Side hustles can also increase your skills at your current position. Talking to others in your side hustle area can help you understand certain terms or common knowledge. Also, maybe your dream is to eventually make your side hustle your full time job. Having it as a side hustle first can help you decide if this is what you can do, if it's sustainable and so on. I have multiple side income, with online income … [Read more...]
How To Get Hired Freelancing
As most of you know from my income stream reports, I do a lot of freelance work. The funny thing is, I never intended to do any of the work that I currently do, I just sort of fell into it. I actually tried to do some freelance work purposefully, and it didn't work out as I had planned. So, from both my successful ventures, my failures, and the offers I currently get now, here is my advice on how to get hired freelancing. Fill a Need I started my freelance writing business for two factors that lined up at almost exactly the right moment: I wanted to earn extra income A major player in the freelance writing business suddenly up and closed their doors As it turns out, since I'd been blogging for a long time, I could pick up … [Read more...]
How To Create Multiple Income Streams While Working
Since the Most Common Multiple Income Stream is a primary salary, you may be asking yourself how do I go about earning money through secondary income streams while working a main job. The biggest challenge we all face, including myself, is where do you find the time. I personally find myself to be a late night individual. I do my best work after everyone else has gone to bed. This works for me, but probably doesn't work for everyone. Finding Time There are many ways to find more time. Some are creative, and some just require different prioritization. Here are a few to think about: Stop Watching TV/Playing Games/Etc. - Supposedly the average American watches over 750 hours of TV per year. That is crazy. If you cut out the TV, … [Read more...]
