How to Prosper in Today"s Tough 2009 Economy
There are many opportunities around you that you can take advantage of right now to increase the amount of money you can make, save money on expenses and put more money in the bank.
If you are faced with a job loss, bankruptcy, foreclosure or mounting credit card bills, here are a few tactics you can implement right now to improve your situation.
1.
Making More Money Tactic- To get an immediate surge of cash, make a list of everything you own that you do not need.
Get serious and face the fact that you need the cash more than the item itself and put a reasonable dollar value to the items.
Next, log on to craigslist.
com and post the items to sell as well as other free classified ad marketplaces.
You could see an additional $100-$1000 within the week.
Tactic- Get flexible about your employment.
If you do have a regular job and have had your hours cut or perhaps you have lost your job, begin looking for a regular job, but also consider a part-time job.
There are many sources for part-time work and some pay very well.
Look into established industries and larger companies.
If you need immediate income, try day labor for the short-term until you land a full-time or part-time job.
If you are already employed, feel grateful, and don't exclude the option of extra income via a part-time job.
2.
Saving More Money Tactic- Make a list of all of your monthly expenses, include everything down to the dollar.
Keep a daily log if necessary to track your expenses.
Next, ask yourself, "how can I reduce my expense on "_______".
Then, list the options next to that expense on your list.
Finally, implement these changes one by one and tally your monthly savings.
You will be surprised by the amount of money you can save this way.
Here are some other money saving opportunities:
Banking More Money Tactic- After you tally the money you are saving every month, add that amount to a high interest savings account like ingdirect.
com or a money market account.
Make this in the form of an auto-draft from your account each month.
You will begin to pile up the money each month into a very healthy war chest.
Tactic-Save as much as you can in your 401(k)- If your primary employer offers 401(k) and you have started making extra income in the form of a part-time job, maximize your 401(k) contributions.
You will have some tax savings and perhaps the company will match a part of your contribution.
If you are faced with a job loss, bankruptcy, foreclosure or mounting credit card bills, here are a few tactics you can implement right now to improve your situation.
1.
Making More Money Tactic- To get an immediate surge of cash, make a list of everything you own that you do not need.
Get serious and face the fact that you need the cash more than the item itself and put a reasonable dollar value to the items.
Next, log on to craigslist.
com and post the items to sell as well as other free classified ad marketplaces.
You could see an additional $100-$1000 within the week.
Tactic- Get flexible about your employment.
If you do have a regular job and have had your hours cut or perhaps you have lost your job, begin looking for a regular job, but also consider a part-time job.
There are many sources for part-time work and some pay very well.
Look into established industries and larger companies.
If you need immediate income, try day labor for the short-term until you land a full-time or part-time job.
If you are already employed, feel grateful, and don't exclude the option of extra income via a part-time job.
2.
Saving More Money Tactic- Make a list of all of your monthly expenses, include everything down to the dollar.
Keep a daily log if necessary to track your expenses.
Next, ask yourself, "how can I reduce my expense on "_______".
Then, list the options next to that expense on your list.
Finally, implement these changes one by one and tally your monthly savings.
You will be surprised by the amount of money you can save this way.
Here are some other money saving opportunities:
- Buy second hand merchandise
- Get new insurance quotes for auto, home and life insurance
- Prepare your own lunch for work
- Rent movies on netflix rather than your local video store
- Get your cell phone plan reviewed
- Take the bus
- Eliminate convenience store purchases
- Buy groceries in quantity to save time shopping and money
- Repair rather than replace items
- Repair your car rather than buy a new car
Banking More Money Tactic- After you tally the money you are saving every month, add that amount to a high interest savings account like ingdirect.
com or a money market account.
Make this in the form of an auto-draft from your account each month.
You will begin to pile up the money each month into a very healthy war chest.
Tactic-Save as much as you can in your 401(k)- If your primary employer offers 401(k) and you have started making extra income in the form of a part-time job, maximize your 401(k) contributions.
You will have some tax savings and perhaps the company will match a part of your contribution.
