Frugal Village Forums banner
1 - 20 of 86 Posts

·
Registered
Joined
·
955 Posts
Discussion Starter · #1 ·
In 2014, I did my first Make More Money Challenge and made almost $15K in extra income.
In 2015, I made over $40K in extra income.
In 2016, I made over $56K in extra income.

All of that was in addition to my full time day job.

Imagine what you could do with extra money coming in every month - how much less stressful your life could be, how much more good you could do with charity, how much faster your debt could be paid off, how quickly your savings balance might rise...

For 2017, I am setting a goal for myself of $60K in extra income. I'm going to have to do everything I did in prior years, PLUS!!!

I have several ideas for additional revenue streams. I just need to take ACTION on them.

Here's the background for anyone who wishes to join me.

We do a lot of focusing on this site on reducing our expenses and spending less, especially on frivolous items. This is obviously wonderful!

However, I think we also should give some thought to making more money. I'm throwing out a challenge for all of you to join me in actively bringing in more money. This thread is for tracking your efforts to bring in additional income in any way you can (providing services, selling things, etc.). I don't want you to just think about what you could possibly someday eventually maybe do (get my point here?). I want you to DO IT or at least make a real effort!!! This is the place to record the ACTIONS you take towards making more money and the income generated.

You can set a goal for a specific dollar amount each month or you can just leave that open ended. It's up to you. You can try for as much or as little as you like.

If you need ideas for things you can do, search the site. There are LOTS of threads on how to make extra money.

Anyone in with me? I would love the company. Your goal can be as small as you like (say $50 a month) or as big as you want (replacing your full time income so you can quit your job).
 

·
Registered
Joined
·
107 Posts
I'm in! My goal is to make $50 extra a month. This would definitely help us pay down our debt more quickly
 

·
Registered
Joined
·
955 Posts
Discussion Starter · #3 ·
That's awesome FrugalWAHM. What's your strategy for achieving that goal?
 
  • Like
Reactions: NikoSan999

·
Registered
Joined
·
955 Posts
Discussion Starter · #5 ·
Welcome aboard willowgrace! That sounds like a terrific plan and like you've already got a headstart so can hit the ground running immediately. That's awesome!
 
  • Like
Reactions: NikoSan999

·
Registered
Joined
·
107 Posts
That's awesome FrugalWAHM. What's your strategy for achieving that goal?
To start, I've got some things I can sell. We are trying to simplify our home and selling extra clothes, things we simply don't use anymore, etc. will go toward that goal and the making more money goal. In addition to selling items, I am looking for freelance writing work.
 

·
Registered
Joined
·
955 Posts
Discussion Starter · #7 ·
That sounds like a plan FrugalWAHM. You might want to join some local garage sale facebook groups. I've got several in my town. Plus look at craiglist, ebay and bookoo (last site is closed on Sundays).

I started off the year well. My first student signup came through at 2:24 AM today. I think 2017 is going to be an awesome year! I'm setting a minimum goal of $1,000 for every month, but in reality I am shooting for $2,000 as my real minimum.

2017 Make More Money Challenge

January 2017 Total: $96.80 Earned to Date (Goal: $1,000)

ADMIN - Can we please sticky this thread?
 

·
Registered
Joined
·
413 Posts
Last year, I only got passive income from earlier years' work. I've worked far too much at my regular job, and had to transfer 14 days of PTO to 2017. This year I'll try to cut back on the workload so I can do it within normal hours, and free up time for photographing, designs, and writing. I started today by uploading a few new designs to Zazzle.
 

·
Registered
Joined
·
107 Posts
That sounds like a plan FrugalWAHM. You might want to join some local garage sale facebook groups. I've got several in my town. Plus look at craiglist, ebay and bookoo (last site is closed on Sundays).
Yes, I'm already part of two different BST sites in our area, plus I've joined a classifieds group run by our local telephone company on their website. I've already got three items listed and hope to get at least three more posted tomorrow!
 

·
Registered
Joined
·
955 Posts
Discussion Starter · #10 · (Edited)
Gaja, that's awesome that you have passive income coming in! Hopefully this year you can do more to expand your side income.

FrugalWAHM, staying consistent is half the battle!

Got a few more signups. January is starting well.

2017 Make More Money Challenge

January 2017 Total: $647.87 Earned to Date (Goal: $1,000)
 
  • Like
Reactions: NikoSan999

·
Registered
Joined
·
955 Posts
Discussion Starter · #11 ·
Had a few more students sign up for my study group that starts tomorrow night. :)

I'm already a few weeks ahead of last year's income milestones. :)

2017 Make More Money Challenge

January 2017 Total: $908.14 Earned to Date (Goal: $1,000)
 

·
Registered
Joined
·
107 Posts
Made $5 toward my $50 goal today by making a sale on one of our local B/S/T sites! Only $45 to go!
 

·
Registered
Joined
·
955 Posts
Discussion Starter · #13 ·
That's a great start FrugalWAHM! Half the battle is getting started!

Had several more students sign up for my study group that started tonight. :)

I've blown past my minimal goal for the month. Moving on to my stretch goal. I feel like 2017 is going to be a fantastic year on so many levels.

2017 Make More Money Challenge

January 2017 Total: $1,429.68 Earned to Date (Goal: $1,000)
 

·
Registered
Joined
·
955 Posts
Discussion Starter · #15 ·
I've had several more signups for my study groups and webinar. I'm almost at my stretch goal for the month, which is awesome.

This is the most money I have made in January since starting these challenges three years ago. It has been my lowest income month each of the last three years. Let's hope that proves to be the case this year too! :D Last year, it took me until Feb. 2 to make the same amount of money.

I opened registration on two new study groups.

2017 Make More Money Challenge

January 2017 Total: $1,960.03 Earned to Date (Goal: $1,000)
 

·
Registered
Joined
·
413 Posts
We've had incredible luck with disability insurances. Today we got a letter that one of them will increase the monthly payouts from $140 to 850 (minus taxes), due to changes in some sort of laws and regulations. We won't have to do anything, the payout will increase automatically.
 

·
Registered
Joined
·
955 Posts
Discussion Starter · #17 ·
Gaja that is great news on the disability insurance, though I'd be nervous of the laws changing back with the incoming administration. Maybe treat that as gravy and don't get dependent on it, you know?

I am having a fantastic January. Made more already than I did in January 2015 and January 2016 combined.

This week I have a webinar and a half day seminar scheduled, so hopefully I'll get last minute signups for that. I also opened the registration on the two new study groups. One of them is going to be publicized by my professional association, which should help attendance.

I have also partnered with them to teach a class, so that will bring in some extra income. They also offered to pay me to record voiceovers for some of the class presentations if I am interested.

2017 Make More Money Challenge

January 2017 Total: $ $2,293.52 Earned to Date (Goal: $1,000)
 
  • Like
Reactions: gaja

·
Registered
Joined
·
955 Posts
Discussion Starter · #18 ·
Got several signups yesterday for my webinar and seminar later this week as well as the study group. January is coming along stellar.

2017 Make More Money Challenge

January 2017 Total: $ $2,693.78 Earned to Date (Goal: $1,000)
 

·
Registered
Joined
·
413 Posts
MsMarie: Luckily Mr Trump's powers do not reach all the way to Norwegian law. We are having an election in September, but things don't usually change that fast, even if powers shift. Still, we are going put the entire amount towards savings, so even if the laws do change, it will only impact our savings rate.

I'm traveling for work nine days this month, and at least five days next month. So far, I've spent less than 10% of the per diem, and that was only because I had to stay a night longer than expected. Also, I'm still waiting for the reimbursements for the travels in December. Since those were all cash flowed, it will feel like a bonus when the money gets here in February.
 

·
Registered
Joined
·
955 Posts
Discussion Starter · #20 ·
LOL Hmmm maybe I need to plan a move to Norway. ;)

Great job managing your travel expenses!

Got signups for my study group and exam cram.

2017 Make More Money Challenge

January 2017 Total: $ $2,863.10 Earned to Date (Goal: $1,000)
 
1 - 20 of 86 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top