July 1st, 2009
There are two main ways to increase your cash flow. The first way is to decrease your spending (money that leaves your pocket). The second, which I haven’t written as much on recently is to increase your income. Below are several ideas on how to increase your income.
Sell Your Old Stuff
Most people have junk laying around their place that they don’t use anymore. If you have a few items that you’re willing to part with, list them on Ebay or Craigslist. If you have a ton of stuff consider having a garage/yard sale.
Rent Out Extra Rooms
If you have a spare bedroom or two, consider getting a roommate.
Get a Part Time Job
Find a job doing something that you like in the evenings or weekends.
Offer Your Services
If you have a skill such as photography, painting, or computer repair, offer your services for a fee. Even if you don’t have a specific skill set, you can always look into areas such as lawn mowing, dog walking or shoveling snow.
Optimize Your Full Time Job
Asking for a raise or getting a higher paying job is usually the most efficient way to make extra money.