While I preach about staying out of debt, chances are if you are reading this blog then I wasn’t able to catch you in time. That is perfectly OK, it really is never too late to start caring about your finances. The sooner you recognize that you have a debt problem, the sooner you can stop accumulating it, and eventually wipe it away. There is more than one way to get out of debt, usually a hybrid approach is recommended, such as earning more money, spending less, starting a budget, etc. For the purpose of this article I am going to highlight earning extra cash. In fact, earning an extra $1,000 a month might not be as difficult as you think.
The best way to pay down debt in a quick and efficient manner is to make MORE money! Seems simple right, well actually it really is. I have read stories and blogs across the internet about people who were once overwhelmed with debt but fought back by delivering pizzas at night, or starting a blog as a side gig (yours truly). The point is, there are a million different jobs out there, and even though you might already work 40 hours a week you are most likely in debt because you spent like someone who was working 400 hours a week…just without the hefty paycheck. Get out there and do something about your debt. Or better yet, stay inside and do something about your debt. There are online classifieds all over the internet for virtual assistants, spreadsheed wizards, programming guru’s, and even article writers. It really doesn’t matter what your forte is, because if you look hard enough you’ll find something you excel at.
It took me a long time to find a decent paying gig on the side. I worked a ton of hours, made a flat salary, and figured that I’d have to hang up the pipe dream of earning extra money doing something else. Then I stumbled across blogging, and while I would avoid calling it passive income, it certainly brings in a steady stream and best of all I set my own hours. The best part of finding a suitable side gig is one that combines a personal interest or hobby with a money making idea!