Have you ever thought about how to go about investing your money in a way that you can make money? Have you ever thought about how to really take your life to the next level? If you have, you will want to read on my friend.
We have talked about how to manage your household budget like a boss and we have gone over how to master your money. We even talked about how to make more money online. I know a lot of moms and dads who want to stay home with their kiddos or have more freedom in life. I get it because I do too.
Leveraging your money is all about how you can make your money work for you. It is all about investing a little bit of leftover money that you have in a way that will propel you toward the future you want. What do you really want? What do you really want to do with your life?
Seriously spend some time thinking about this. What do you want for your future 5 years from now? How about even a year from now?
If you want to work from home, what avenue would you take to make money from home? If you want to create your own products, what would you create and how are you going to get there? What products will help people? What are you good at? What sets your soul on fire? Do you want to invest in the stock market? Do you want to invest in real estate?
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[bctt tweet=”Making your money work for you, is all about making wise decisions on how you spend your money. You leverage what you make to make more money” username=”BeckyFrametoFreedom”]
You don’t have to leverage a lot of money to make it work for you. You can leverage $50 or $100 and double it if you tap into what you are good at. What would make you really happy? Are you happy with the job you have now? Do you want more freedom? How would you go about getting that freedom?
When we started budgeting, I thought life would be awful. I was committed to the process of budgeting but I really thought I would have the entire process of living a life of lack. I thought I would never go shopping or buy anything fun ever again. I thought I would be the frumpy housewife with old ratty clothes and bad hair. Ok so maybe I am frumpy, but my hair doesn’t look too bad.
Instead what I found was that by starting a budget, I have simplified my life in so many areas. I have simplified grocery shopping. I have simplified my wardrobe and life just seems a little easier because I know we aren’t living paycheck to paycheck.
You can check out the FREE Rockstar Budgeting Email course if you want to start a budget.
Starting a Budget is the First Step To Leveraging Your Money
Starting a budget is the first step to making your money work for you as you have to get control over your money before you can leverage it. Include all the great things that make you who you are in your budget, but make sure you leave some money in your budget to get what you want out of life. This it totally not what Dave Ramsey would do and this is how we stray from his plan. We have built a real estate portfolio just over $500,000 over the last 4 years. We have done that by leveraging our money. Yes, this is larger scale and you don’t have to do it this way, but it is possible to invest in real estate with not much money. (That is an idea for a separate post.) I haven’t written about ways to invest with very little money, but if you are interested, you can check out a book from Brandon Turner called How to Invest in Real Estate with No and Low Money Down.
We have been leveraging our own money with real estate, but plenty of others actually leverage the money of others in order to invest in real estate. It is called private money lending. Basically, you find someone who acts as the bank and they buy the property for you. This is not a bad plan as long as you know what you are doing in real estate.
How to Leverage Money on the Smaller Scale
Let’s talk about this on a smaller scale. You don’t have to invest in real estate to really know about leveraging money. I love that you can do this on any scale. Consider all of the things you can do in order to make money fast. You can sell stuff around the house, become a yard sale flipper (sell stuff online for a larger profit), or provide a service. There is literally so much you can do in order to make a profit fast.
On the smaller scale, you can sell your own stuff around the house in order to make money from those tangible assets to go towards something else. If you are interested in starting your own business but you feel you don’t have the money, look around you and see what is available for you to sell in order to make a small profit to start what you want. It is possible.[bctt tweet=”Fear is what stops us from achieving the life we really want.” username=”BeckyFrametoFreedom”]
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If you have followed the interviews I did, you will see that Latoya, Brian, Michelle, Jessi and Hayley- they all had a vision for the future. The envisioned that there wouldn’t be debt in their future and they went after that vision. If you look a little deeper at these interviews, you see people who take it to the next level and go after what they want. They have created incomes from their experiences. They have mastered their budget, they make thousands of dollars per month helping others, they are speakers in their communities educating others on how to take control of their lives and they provide courses helping others.
These people decided to create a budget, make more money online, leverage the money they are making to better their futures and create the life they want. That is what freedom is. Freedom means you live on your own terms. You live up to your purpose doing what you love to do. So what is it that you would love to do?
Forget about what the naysayers think about you and say about you and you live by your own rules friends. So what do you want for your future? What is it that sets your soul on fire? What would you do if you could do anything?
Create your budget today and find a way to make a little money to get yourself on track to doing what you want to do. Join the Free Rockstar Budget Email course where I walk you through the steps of setting up a sound budget. Maybe you need to really pay down debt first. That is totally ok. Do that first.
Related article: Leverage: What is it and How it Works
When you leverage the money you have, you essentially use your assets (stuff) to make money to do something bigger with it. We have done this several times particularly in real estate. Check out the guest post I did at VTX Capital about How to Leverage Your Money to Create the Life you Want. You have the potential to do anything you want to do. If finances are holding you back, start a budget today and get going with it as soon as possible. Take action immediately and start working toward the future you want.
If all you need is a little money to get your started in the right direction you can do surveys online through Harris Poll, Digital Voice, RewardTV, National Consumer Panel, Swagbucks. These companies will allow you to make a little extra cash. Sometimes a little extra cash is all you need to get started doing what you want. For a list of what to sell to make money and 75 ideas of things you can do to make extra money, check out this list.
If making money online is appealing to you, check out 11 Brilliant Ways to Make Money Online. I interviewed my friend Gina and we talked about Freelance Writing and becoming a Virtual Assistant. These are examples of ways to make a little or a lot of extra money. She offers free courses on Freelance Writing and becoming a Virtual Assistant. Check those out if that is something that interests you. The best part about online businesses- they are free or cost very little to start up. You can take a look at the free Freelance Writing Course here and the Virtual Assistant course here.
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Why Should You Leverage Your Money
Once we created a budget, held each other accountable, things in our marriage improved. We were a team paying off our debt and really living. Greg and I started meeting and exceeding our goals and really started seeing our vision of what we wanted for the future a lot more clearly. It is possible to get what you want by knowing how to spend your money well.
The first step to successfully leveraging your money is to create a budget. The next step is deciding what you want to do and what you want your future to look like. What does it look like for you? If you haven’t thought about it for a while, take some time to have a family meeting to discuss it.
Here are some things to discuss:
- Are you budgeting your money?
- Are you doing what you want in your life right now?
- What do you want your future to look like?
- What do you need to do to get there?
- What steps can you take today to move toward what you want to do?
Spend a little time thinking about this and answering the above questions. For more on leveraging your money, sign up for the waiting list for my next free course. I will walk you through the steps you need to take in order to leverage your money on any scale.
Do you have any experience with leveraging money?
Learn to budget like a ROCKSTAR!
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