How can I make money?
Short on cash and need quick money? Don't bother with a payday loan read on to find out my quick and easy tip for getting some quick money now.
In the next couple of weeks I have some big changes in my life. I'm starting my first full-time job, I'm moving to London, and I'm travelling for a month around India. All these changes in my life don't come for free. Whilst my income is going up (as I explain in my article Budgeting a Salary Increase) my expenses have/ will rocket as well. I could do with as much money as possible to make this transition easier.
For many of us (although I would urge you to reconsider if you think that this is you) we have neither the time,the patience, nor the entrepreneurial spirit to make extra money on the side.
Another idea to make money requires capital. For example you could gain rent through owning property or dividends through owning high yield shares. Clearly these forms of generating income are more of a long term method of gaining income. Alternative interest gaining financial products will be discussed in a future series of posts starting next week. These other financial products also require capital.
Other methods of increasing current cash flow is through frugality and budgeting. I would encourage you to read some of the following articles if you are looking for that sort of method of increasing your cash flow:
OK so there's the answer. You can generate quick and easy money by dusting off those old accounts. I get the feeling that some of you aren't satisfied with that answer and may feel that I mislead you. You will claim: "That's not easy money as it was mine to begin with!" Your claim is a fair one but let me ask you this: Is your life made any better by the fact that the small amount of money was sitting there doing nothing? Probably not. It is time to consolidate your finances this summer and make sure that you're utilizing all that you have in some way, whether it is earning interest or spending it.
Readers, do you have any random small amounts of money floating about? You should check. What else would you do with an amount as small as £100? Are there better things that I can do with it?
Do you like what you've read? Tell your friends by sharing it with one of the buttons below. Please post this to Facebook or Tweet it to help your friends and family. Feel free to send me an email (mrmoneybanks<at>multimillionaireroad<dot>com), find me on twitter @millionairer0ad or comment. Whether good or bad, I want to hear from you all.
Earn easy money
 |
| Picture from freedigitalphotos.net |
For many of us (although I would urge you to reconsider if you think that this is you) we have neither the time,the patience, nor the entrepreneurial spirit to make extra money on the side.
Another idea to make money requires capital. For example you could gain rent through owning property or dividends through owning high yield shares. Clearly these forms of generating income are more of a long term method of gaining income. Alternative interest gaining financial products will be discussed in a future series of posts starting next week. These other financial products also require capital.
Other methods of increasing current cash flow is through frugality and budgeting. I would encourage you to read some of the following articles if you are looking for that sort of method of increasing your cash flow:
- Quick Supermarket Saving Tips
- Buying a Car: Getting money off
- Student Life: How to make some easy money and go clubbing for free
Getting quick money
Clearly I am more concerned, as I'm sure many of you are with extra money here and now. The first thing I would urge you to do is to start by analysing your assets just as I did in my quarterly review. As you can see I have £100 just sitting in a building society account earning very little. It was some money left over from an account that I didn't want to close (and so was required to leave £100 in it) some years ago. It isn't worth placing this in any other account because it is relatively small amount. I would gain much more use out of this money by transferring it to my current account to help me out in the coming few expensive weeks.OK so there's the answer. You can generate quick and easy money by dusting off those old accounts. I get the feeling that some of you aren't satisfied with that answer and may feel that I mislead you. You will claim: "That's not easy money as it was mine to begin with!" Your claim is a fair one but let me ask you this: Is your life made any better by the fact that the small amount of money was sitting there doing nothing? Probably not. It is time to consolidate your finances this summer and make sure that you're utilizing all that you have in some way, whether it is earning interest or spending it.
Readers, do you have any random small amounts of money floating about? You should check. What else would you do with an amount as small as £100? Are there better things that I can do with it?
Do you like what you've read? Tell your friends by sharing it with one of the buttons below. Please post this to Facebook or Tweet it to help your friends and family. Feel free to send me an email (mrmoneybanks<at>multimillionaireroad<dot>com), find me on twitter @millionairer0ad or comment. Whether good or bad, I want to hear from you all.
Post a Comment