Do you have an amazing adventure you’re working to save for? Or do you want to annihilate any debt you have hanging over you?
To make progress on your goals, it’s better to focus on earning more rather than cutting back. Earning more money gives you more choices and more freedom.
If you’re a millennial, there’s a good chance you’ve heard about the value of having a side hustle. After all, there’s only so much we can cut out of our budgets before we start to feel like we’re suffocating. Earning more is the other (more valuable) side of the equation.
Side hustles can help balance that equation out. If you’ve cut all you can out of your budget, it’s time to start focusing on making more money. And it doesn’t have to be hard.
Have you ever thought about diversifying your income the same way it’s recommended you diversify your investment portfolio?
If not, you should. Why? Put simply, it safeguards you against loss of income – if you lose one income stream, you still have others coming in.
It’s never a good idea to put all your eggs in one basket where your finances are concerned.
I have five jobs at the moment. Five. Cinco. An Abe Lincoln.
I’ve been partially or underemployed since I graduated college in 2011. Last fall, life converged to hand me a few really cool opportunities and once in a lifetime chances when it came to my professional life. Unfortunately for me, none of them were full time or paid like it. Since I didn’t want to give anything up, and since I am working to pay down my student loan debt this year, I said yes to everything. It’s been amazing and eye opening as well as stressful and challenging.
If you’re in your 20s and 30s, chances are, you’re having a difficult time prioritizing your financial goals. You have so many things you want to save for, but student loan debt and credit card debt may be getting in the way. And what about investing? If you can’t manage to save and pay off debt simultaneously, where are you going to find the money to invest?
Do you want to learn how to save money fast? If so, don’t worry. There are actually a ton of ways to ramp up your savings quickly (and legally!)
