Buying and investing into stocks is fun until you run out of money. The worst time to not have any money is when the whole stock market is down and stocks are all half off. Once you start investing into stocks and the stocks that I am talking about are dividend paying stocks, once you see the dividends coming in overnight and you made over $60 dollars without doing anything, than you want to buy more stocks to make more money.
Then it comes a time where you need to cut back on some things that you were buying and you want to make money so you can buy more stocks. In this post, I am not giving you any financial advice or advice on stocks or how to make money. I am not a financial advisor so please do your own research before investing any money. Lets talk how to make more money to buy more stocks.
Start cutting out things that you don’t need:
One of the start things that you can do today is cut back on the things that you buy and cut out bills that you don’t need. Go out to eat is cool but how about cooking something from home to save money. If you have a cable at your home, how about you cut the cord, ( I mean get rid of the cable bill) and try to look at something like Netflix or Hulu. If you pay a high cellphone bill, maybe look at a prepaid phone plan which is cheaper and that can save you money. Any bill that you have today, try to look for something cheaper to save money.
The money that you save can be used to buy more dividend paying stocks or investing into something that you want. Once you go over the bills that you have, you can see where most of your money is going and you can cut those things off. Also call some of these companies that you pay and see if that can lower the bill or if any deals that you can get. Plans change all the time and take something like your car insurance where if you call, they may have a new deal in where you can roll into that is cheaper than what you had before.
The goal is toe bill as little as we can so you can take some of that money and invest into more stocks and I think some people don’t do that. They will save money on something but that take that money in which is saved and buy something that does not build anything or that money does not go into any investment. So you save some money, maybe invest that money into something like stocks. This is just one way to make more money to buy more stocks because if you can spend less money, you can have more money to buy more stocks.
Start something like a par time job for more money:
I drive for Uber on Friday night, Saturday night and sometimes on Sundays for extra money for Christmas but some of that money does to stocks. The more I drive and invest, the more I want to drive for Uber. My goal is to retire in 6 years and investing into dividends is just one part of making that happen.
If I was not doing Uber I would try Amazon or door dash just for some extra money to come in to buy more stocks. I do run an online business and building that up as well but that takes time so I work some side jobs like Uber for some money to buy more stocks.
Now with the mind changed, I can do a overnight job and the money I earn from that job will go to my online business, into dividend paying stocks, some real estate and into saving so working a second job has a goal and a end date which working a second job not bad at all when you have goals you are trying to hit. Now, I don’t mind driving for Uber because that money is going to assets that will pay me every month and my goal is to retire in 6 years.
So you have things that you can sell for some money? Is there something that you can do for some money? Can you drive for Uber on weekends? Having a second job is not bad like some people make it out to be just as long as you have a goal in mind and right now I feel like working a second job even in my past I didn’t want to work a second job. the main goal is buying assets to live off of and that takes money.
