Three Steps To Bulletproof Your Finances

July 28, 2021

Money is one of your most important resources. It is not enough to just have enough, you need more than enough.  

We work to live, not the other way around, and feel trapped when it comes to managing and making money. But just a few changes could help you organize your finances better. 

Here are three steps to take charge of your money:

Step 1: Stop Wasting Money

Saving money is not just a nice thing to do — it is essential to your financial well-being.

Spending less money on necessities frees up cash to spend on things you really want. You might also be wasting your money in many places without even realizing it. For instance, you might be incurring unnecessary expenses, such as having to pay a credit card late fee, because you forgot to pay your credit card invoice on time. Luckily, it is possible to waive a credit card late fee if you are strategic. 

Saving more requires that you have a consistent routine of not wasting money and spending less than you earn. 

Step 2: Start Looking For A Side Hustle To Earn Extra Money  

A lot of people have too much free time and debt. Although, they are not making enough, they have a lot of choices on how to spend their money. A side hustle could be very beneficial. It can help fix money-related problems but will also add to their overall financial well-being.

Many people, even those with considerable drive and initiative, find it challenging to earn more. The truth is that there is a side hustle out there that is right for you.

What is more, there are plenty of people out there that will help you earn extra pocket money by providing in-depth online courses that will teach you everything you need to do to earn money online.

If your side hustle becomes successful, then something crazy might happen: You might start making more money from it than from your regular job.

For instance, if your side hustle is building affiliate websites and you work as a manager at a health food store, you might find that the passive income you generate as an affiliate helps you earn in a few months more than your annual salary. You might come to realize that there is more to life than working insane hours for someone else.   

Step 3: Find Your Dream Career Or Job

Finding your dream career or job is now far, far easier thanks to the internet. If you are trying to launch a dream career, you can easily network with like-minded people, find a mentor, and get inspired by people who are following their passion. Or, if you feel like doing something entirely your own way, rather like Elon Musk, you can research programs that teach specific skills for your dream job.

One of the biggest mistakes people can make is getting locked into a job they do not love for fear of going into debt if they leave their steady job. 

If you want to change careers or land a dream job, you can research new possibilities for yourself in one of two ways:

  1. Look through school websites and catalogs and read career guidance books to figure out what careers might work for you. Also, skim through the U.S. News & World Report ranking for schools.
  2. Research a business opportunity that matches your skills and interests. Whether it is working for yourself online, starting your own offline business, or working for someone who already has a flourishing business — be proactive and find something that excites you.

There are three main steps you can take to gain financial independence. Save more by wasting less money and spending less money. You can also start a side hustle to earn extra income each month. And be sure you go after a dream career or job.

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Andi Perullo de Ledesma

I am Andi Perullo de Ledesma, a Chinese Medicine Doctor and Travel Photojournalist in Charlotte, NC. I am also wife to Lucas and mother to Joaquín. Follow us as we explore life and the world one beautiful adventure at a time.

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