In 2007 & 2008, the nation experienced one of the worse financial crises since the Great Depression. The housing market burst leaving many families having to abandon their homes due to being upside down in their mortgage. This, in turn, created a ripple effect—loss of jobs, increased credit card debt, poor credit scores, and an overall global meltdown.
Since then, thankfully, the economy has bounced back, but it allowed us to see the need to have our finances in order. Emergencies will come that will be completely out of our control, but if we plan for it, we can lessen the blow. Planning for it, however, cannot only include creating a budget. It must also include ways to bring additional income into our households. The days of depending solely on our 9-5 are gone (which we saw during the housing bubble). So, here are four reasons why EVERYONE must incorporate a side hustle into their financial dynamics.
In 2016, our family did a great job in working towards our goal in our journey towards obtaining financial freedom. If you read 3 Steps to Accomplishing Your Goals in 2017, you would know that we were able to accomplish 75% of our 2016 goals. Although it was not 100%, we are grateful, that we were able to work towards a set of plans together and check off the majority of them off of our list. This year, however, our family has declared 2017 to be a year of increase…increase our means of paying off even more debt. In order to accomplish this, we have to use the tools that have allowed us to get this far and incorporate more tools that will allow us to get even further.
By little or by much, our goal is to make it happen in 2017. So, in reading, researching and reviewing various ways which other families have earned extra income to put towards paying off debt, we put together our top three ways to earn additional income in 2017. And believe me when I say, we are doing them all!
If you have been following me for some time, you would know that finding creative ways to earn and save money is the #1 way we have been able to pay off over $40,000 worth of debt in less than two years. I, wholeheartedly, believe having a side hustle and a blog is probably the quickest and easiest way to earn extra income.
If you have a business and do not have a website, this post is for you! If you have a business and a website, but would like to update your site to include a blog, this article is for you! Follow the steps below and you will have your blog up and running within minutes.
Since I began blogging, I have been using Bluehost and I love it. It is one of the largest web hosting platforms and integrates perfectly with WordPress (blogging platform).
What are the benefits of using Bluehost rather than other hosting companies like GoDaddy or HostGator? Well, here are my top four:
According to an article published in February 2016 on USA Today, “the best time to own a Small Business is NOW.” Why? I believe it is due to the times we live in. We are so busy doing so much that we will pay for good, quality services for just about anything. From Housecleaning to tutoring; from lawn care, to ordering pre-made, home-cooked dinners, creating a business that maximizes your gifts, solves a problem, and allows you to “collect coins” along the way is the name of the game.
But to ensure, we are not a part of the “going out of business” statistic, we must have certain tools, processes and organizational procedures in place. Every business MUST have three (3) essentials to maximize their profit and ensure success in their business. Every business owner must:
There are many things that I can spend hours on hand doing; one of which is reading. And not just reading about who shot John and took his money (although novels and other fictitious story lines are good), but I absolutely love to read books on entrepreneurship, leadership, or biographies on successful people—how they view life, how they live life, what was their purpose in life. I love analyzing what they have in common, how they “made it” and what obstacles they had overcome in order to attain it.
Courtesy of dollarphotoclub.com
After speaking with successful people and reading countless books on wealth, I learned they all had many common themes. But there was one that stood out the most to me–how they started. Most did not have some grand idea or elaborate patented mechanism that they launched to start their business. They just had a hobby and their hobby turned into a side job, and the side job turned into a business.
What is it that you love doing? What do people come to get your advice for? Is that something people would pay you for? I am guessing the answer to that question is a “YES”. We live in the 21st century and our generation will pay to have someone to do just about anything.