Find Out MoreHello Aspiring Entrepreneur, My name is Chris Bowser, and I started my internet career as a college dropout and over $60,000 in debt, living in a one bedroom apartment in Boston, MA. I was going backward a million miles an hour.
1. Get a Second Job (How much free time do you have already? Sure, do me a favor and just trade those precious 8 hours that you were planning on using for sleep tonight and transition over to the graveyard shift at your local 24 hour pharmacy. You can easily add some additional income to your life, as long as you don’t go slowly insane!)
2. Get a New Job (Good Luck! I heard a lot of people are hiring right now. Here’s an exact quote from the Bureau of Labor Statistics for the United States…"payroll employment continued to decline in July (-247,000), and the unemployment rate…at 9.4%. The average monthly job loss for May through July (-331,000)." Sound like the best time to go out and find a new job? 9.4% unemployment rate in 2009, and I don’t see that changing dramatically.
3. Have the Wife / Significant Other Start Working (Sure, a great way to add some income to your life is to have your significant other enter the work force. Just a quick question for you though…Have you looked into how much day care is nowadays? According you Yahoo.com, daycare currently costs about $200 per week, or $800 per month. That would roughly mean that your spouse would need to make about $1,000 per month just to break even! I am not sure that is the best idea either.)
4. Move your Home To a Cheaper Area (You can absolutely cut expenses and put more money in the bank by moving to a more affordable area. Sure, you just need to sell your house, move away… Read more…