How to Make More Money

I wanted to get this posted because J.D. of Get Rich Slowly has a super duper massive list of awesome ways to make more money!  Hop over to read Make More Money: How to Supercharge Your Income. There are SEVERAL ideas in there that I plan on experiment with because they look like they have real promise. Maybe I’ll do a series again of the various ways I’ve been able to make money. You can find a list of some things on the Strategies to Earn page.

Would you want to hear those (some would be refreshed from what I’ve shared but others are newer that I haven’t been able to share)? I will be doing a few new series in early 2011 so I’m planning it all now so I can actually finish everything. Let me know if you would have an interest in hearing more on this topic in the comments!

During the Savvy Blogging Summit this summer, I had a lot of time to sit down with J.D. to talk about debt reduction. He got out of debt (like we did earlier this year), and now he’s getting rich slowly (that’s his blog’s name, get it :-).  One of the things we talked extensively about is that in order to get out of debt, you need to also increase your income.

I hear stories (as I have personally shared) that they managed to get out of debt, pay cash for stuff all while it appears they are being super frugal and living on beans and rice. But, the part of the story that seems to miss is that they also probably increased their income substantially. I mean, even Dave believes in doing that if you’ve read Total Money Makeover.

From my experience and observation, many people are likely adding income to the mix in order to that. That is the case for us, and I’m sure it is for many others. To leave that part out makes it somewhat misleading that living frugally will get you out of debt. That can be a large part of it, since we saved $6,500 in just one year by doing one simple thing like using coupons strategically. But, there is more to our story even and it involves more than coupons.

I’ll be finishing our Personal Finance Story early next year and talk more about ways we personally got out of debt and what we are currently doing to continue to eliminate all forms of debt. I plan on following J.D.’s tips from his book, Your Money: The Missing Manual because he is so extremely thorough about all things related to money, including budgeting, planning, debt reduction and even earning and investing. I haven’t finished the book yet but am blown away at how thorough it is. This by no means is a formal review on it, but I can say it’s worth picking it up at the library or on Amazon.

By the way, I always purchase finance-related books rather than borrowing from the library or a friend if they have good reviews. I found that with Total Money Makeover I have referred back to the book many times, and friends have borrowed my copy (then bought their own because they realized it was that important). Anyone else find a purchase like that worth it?

Thoughts, Comments, Discussion?
You can leave it all in the comment section – please do!

Disclaimer: The links to Amazon are affiliate links. That is one way I can make money by publishing this blog which allows me to hire others to help manage the site, who are truly some of the best! See my Disclaimer Policy for additional information.

by Savings Lifestyle: Andrea on November 10, 2010

2 Comments

  • Gina - November 10, 2010 @ 11:44 pm
    1

    Oh I definitely want to hear more about the making money part. My husband finally was blessed by the Lord with a job in Oct. after 2 1/2 years of being unemployed. His new job has a lot of potential,but he’s not making a whole lot currently and I feel very passionately about staying home with my son and homeschooling him. I’ve been doing survey sights and I’m using the money to buy my son some things and as entertaiment money (like museums ,theater,and such) so that it doesn’t touch our budget,but we are so far behind on our property taxes and credit cards I don’t see how we’ll ever get out of it even with couponing. I’m like yeah I can send an extra $50 a month in and let’s see oh maybe in 20 years I’ll have it paid off-not very encouraging. Yes we need more income,but how?

  • Donna - November 12, 2010 @ 9:06 pm
    2

    I just wanted to comment that ALL of Dave Ramsey’s books are now on sale for 10.00 each, so buy them now if you want them :) He has a great program :)
    DaveRamsey.com to buy them.
    Thanks for your blog :)
    Donna

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