Could you relate to how Jade, Marla, Rita and Lori felt about their cash flow situations?
Too much month left at the end of the money? Don’t be discouraged. Get out your pencil
and calculator and let’s see what you can do.
Income. What can you do to increase your income? Could you teach a class? Speak at a
workshop or conference? Write an article for a professional publication, hobby magazine
or local newspaper? Do you have a talent or hobby that could translate into a business?
What are you already doing that you can charge for? Are there things around the house
you could sell?
I have a friend who is an admin assistant by day and a seamstress by night. She
contracted with a drycleaners for small mending jobs. The arrangement is a win-win on
both sides. They get excellent work done at a reasonable price; she earns extra money in
her spare time.
No need to focus on just one money-making idea. There are plenty of activities which can
be performed simultaneously to maximize income production.
Expenses. Like Lori explained to her friends, depending on your financial situation every
expense can be reduced or eliminated – from housing to a cup of coffee. Critique each
expense by asking yourself these questions:
- Do I need to spend this amount on this item?
- How can I lower this amount?
- Can I get rid of this expense all together?
There is no right or wrong answer, no perfect solution. The important thing is to work
with these two sides of money flow to come up with the combination that’s going to meet
your goals and dreams