Today, let’s look at another step that you can take TODAY to see a difference in your finances. Step #3 is: find a way to Earn Extra Money.
In order to buy that first asset, you will need to make money outside of your job in the form of a micro business, a venture that you treat as a business from a tax point of view. With a micro business, you can take advantage of all the tax benefits and loopholes for business owners, yet you do not need to have an office, overhead, storefront, or employees, and, most importantly, you do not need a lot of money to get started with.
The focus of the kind of activity I suggest you do is to make extra money, not build a business structure and formal organization. You have most of the benefits without most of the problems of running a business.
You’ll note that I’m NOT talking about you getting a second job or mowing lawns. I want you focus on doing something that will give you big paychecks in exchange for a small amount of your time. I don’t want you to get stressed out and kill yourself for crumbs.
When my wife and I came to the conclusion that we needed to make extra money outside of our jobs, we realized we didn’t have the first clue about things like marketing or selling, so we made a conscious choice to join a network marketing company. We did that at that time for two reasons: to make a ton of money (and we have since made a good chunk of money in network marketing) and to learn marketing in particular.
That’s what worked for us.
So whether you want to flip land and houses, become an affiliate marketer, or drop ship items online – the world is your oyster. Find a way TODAY to make extra money and start at it sometime this week.