Tell me how I can make more money to have more cash
Amy, I need some cash! Can you tell me how can I make more money?
Sincerely,
No Dough in Reno
No problem, No Dough. Here are some sure fire steps to financial well-being that I drill into all my life coaching clients who are looking to have a little more to show for themselves when it comes to their bank balance. These are same questions that I challenge them to answer in their sessions, but for today, it’s your turn on the hot seat!
Step #1: First, check in with your thinking. Do you actually need more money or just want more money? Will more money actually make you happier? Are you willing to do what it takes to get more money?
If you answer yes to any of these questions, move on to Step #2
Step #2: Assess your current budget. Where are you spending frivolously that you can cut back or cut out: Starbucks, fancy lunches, smoking, drinking? Any of these sound like familiar vices?
Step #3: Assess your basic expenses. What are you paying for Insurance, DWP, Cable, Phone, etc? Are there cheaper plans you can get that will save you money? Can you keep your thermostat a little higher in the summer and lower in the winter? Remember, 20 bucks here and 50 bucks there add up fast!
Step #4: Assess your living situation. Can you rent out a room or guest house for some extra income? Can you downgrade a little if your place too big for you? (Think about it…you’d be surprised how little we need to be happy – most of us only use a few rooms in the house!)
Step #5: Fix your Credit Card situation! Can you transfer balances to lower interest cards? Can you pay anything off entirely? Can you consolidate and pay less monthly? And most important…can you stop using the credit cards altogether?
Step #6: Make More Money! That’s easy for me to say, right? If you work for yourself, can you raise your prices? Can you add services that would appeal to a different or wider audience? Can you add another business on the side? Have you exploited the web as a way to bring in more revenue?
What if you don’t work for yourself? If you have a job and it doesn’t pay enough – what can you do to get a promotion? Do you need to add some new skill sets into your arsenal? Or do you need to change careers entirely? Have you made it clear to your boss that a promotion is your end-goal? Have you brainstormed a list of everything you’d like to try? Are you ready to act on it?
There you have it -- some hard questions to ask yourself about money. But in the answers, you’ll find a ton of new ways to save and earn more!
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Thanks for the tips, Amy! I think I might rent out my extra room now. I could sure use the cash! Great idea.
Posted by: Annemarie | May 22, 2008 at 02:57 PM