It Would Change Your Whole Life
If you knew How to Make an Extra 1000 a Month, would you do the extra work it took?
Would you give up the extra time that it takes? Is there a certain amount of time that you are
okay with it taking to complete? Making an extra 1000 a month would be life changing for most
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people. They would instantly go from just trying to make ends meet, to having a little extra
every month. According to the 2020 Financial Planning Survey in February of this year, 49%
of Americans are living paycheck-to-paycheck. An extra $1,000 a month would be a game-changer.
Not if you choose the right methods.
Just pick one. It’s as easy as throwing a dart at a list.
The easiest way is to get online and create one.
Without question. There are plenty of bloggers that are making over $100,000 per month.
Money Isn’t Free
The problem is that money isn’t free. You always have to give up something in order to receive
more money. This is usually in the form of time as most people exchange time for money. Yet
there are other ways to make money as well, such as selling your possessions, using your skills
to provide a service, or using money to buy assets which also produce more money. Either way,
the process is the same and a person has to give up something in order to turn it
into money.
The Easiest Price To Pay
The seemingly easiest way to make money is to trade time for it. This is what people are
taught as children and usually do when they grow into adulthood. They get a job, usually a 9 to 5,
and continually trade time for money until they are able to retire. I say seemingly because if a
person is given the choice, they usually look at trading their time at a regular job as being
easier than any other alternative. People are usually quite content giving up 8 hours a
day of their life to ensure that they can pay their bills. Unfortunately, this is the most popular
method that we were all taught to be able to take care of ourselves. The reason it is unfortunate
is because it is the least likely method to ensure you have a comfortable retirement. Far too
many people come to the end of their professional lives with either no savings at all or
not enough to live comfortably. They are finally free from working, but have to pinch
pennies to be able to live.
The Best Price To Pay
On the other hand, there is another way and it would make sure that you have a very happy
and content retirement. You would most likely be able to do the majority of things on your
bucket list, and would not have to constantly worry about day-to-day necessities. This method
is not only better because it gives you more money in the long run, but it also gives you more free
time as well. I am speaking of course of establishing multiple streams of residual
income. This comes in the form of acquiring income producing assets, and/or creating products
and services that will continually produce residual income.
Income Producing Assets (IPAs)
So what are these magical items I speak of? An Income Producing Asset, or IPA, is anything that a
person acquires that provides a return of some sort, preferably for an extended amount of time.
So if you were to buy a work of art and it continued to increase in value, it would certainly be
considered an IPA. If you bought a stock that paid regular dividends, that would be considered
an IPA. If you wrote a book and published it on Amazon, it would provide income for years to come.
If you created anything that provided a royalty, it would also be considered an Income
Producing Asset.
So What Is The Big Deal?
The big deal is that these are the keys to financial freedom. Think about it, they are a way to
make money while you sleep! As we all know from Warren Buffet,
Building additional streams of income, especially ones that are mostly passive and provide
residual income are the way to go. Acquiring income producing assets is how to make an
extra 1000 a month the easiest way possible.
Some will produce more than others, and in the beginning they will start small.
The idea here is that if you combine a bunch of these together, they will provide you with
plenty of income and security in the future
This Is How To Make An Extra 1000 a month
The truest and most honest answer to this question is to build. Start establishing additional
streams of income any way that you can. Start small, and acquire or create whatever assets you
can that will provide income in the future.
Concentrate on one at a time, and get each stream established and working well. Then go
on to add another one, and another one. It is important to think of the cumulative total as a
whole. Add revenue streams one by one and eventually they will give you financial freedom
and the ability to dictate your life on your own terms. Think about it, wouldn’t it be great to be
able to do whatever you wanted trauma at any time. you wouldn’t have to go to a job
anymore, or answer to a boss of any sort. You would have true freedom to do whatever you wanted.
A lot of times this is the main factor that drives most entrepreneurs to work 80 hours a week
to avoid working 40 hours a week for someone else.
My List
So even though it took a lot of background, the main point of this post was to provide
ways to make an extra 1000 a month. Even though I could easily list well over a hundred
different ways to make extra money, I wanted to filter it down for you and provide some
of the best ways to accomplish this. Therefore I have put together a list of easy opportunities that
require either very little or no investment, and will help you reach your goal the fastest.
Let’s Go
- Creating video courses and selling them on Udemy and others – It is easier than ever to create a video course on a topic that you are good at. Depending on the amount of time you put in, you can make one or two courses a month. Like everything else this starts small, but before you know it becomes very large and gives you residual income for years to come.
- Amazon has made it unbelievably simple to self publish your own eBook. You can make them in paperback or audio form. There is no investment unless you want there to be to go faster, but to this day is another fantastic way to easily create an alternate stream of income.
- Designing t-shirts on a platform like Teespring, enables you to establish another stream of income. There is no upfront investment, and the more t-shirts you design the bigger this stream becomes.
- Etsy is another great platform to utilize to offer printables. These are things like calendars, budgeting sheets and planners. It is easier than ever to create digital media that provides residual income on autopilot.
Bigger But Longer
There are many other methods to utilize as well, such as Niche blogging or a YouTube channel. The
reason I did not put them in the list above, is because they require a lot more time before they
become profitable. The catch here is that they can end up being ten thousand times more
lucrative than the ones that will produce money quickly. Both YouTube and Blogs are making
people millionaires every single day. It is up to you to decide if you want to commit
to one of these foundational methods.
Now What?
So the question from here is how do I go about this? How do I get started and how do I continue
to pay my bills in the meantime? There is a quote that says your 9-to-5 pays the bills, and your
6-to-10 builds the empire. You do not have to worry about the initial time investment or how you
are going to pay the bills. Start building these income streams on the side until they are big
enough to take the place of your regular job. Before you know it, you will be financially free and
able to do whatever you desire. All you have to do is pick one method and build it in your spare
time until it is well established and profitable. Then go and pick the next one and do the same thing.
Build income stream after income stream and eventually you will have more money than you
know what to do with.
Make An Extra 1000 A Month
So that’s it in a nutshell. If you want to make an extra $1,000 a month, all you have to do is build.
The first four methods that I have listed above are the top methods that anyone can use. They are
the best ways to start establishing additional streams of income and get you started making
money the fastest. They also have little to no upfront investment required. Once you
have got a baseline established, you very well may choose to start one of the big options like
YouTube or blogging that will eventually allow you to earn as much money as you could possibly
want. It has never been easier to ensure a secure financial future.The only requirement is your
willingness to take the first step. Do not let fear and uncertainty keep you from making one of
the best decisions of your life.
Decide that you want more out of life and start building today.
The post How to Make an Extra 1000 a Month appeared first on Everlasting Entrepreneur.
