I recall a conversation I had with a friend of mine a few years ago. He was upset because he was struggling financially. He had a decent job, but life's circumstances had turned against him it seemed. He had gone through a divorce that drained his savings. He had had a series of car problems that drained every extra cent he had from his last paycheck. He didn't have enough money remaining to eat and still had 10 days until his next paycheck. Needless to say this friend was down on his luck and was asking to borrow money; which I gave him. The interesting thing is that I had known this guy for a few years and I knew his problem wasn't the divorce or car problems. His problem was that he lived with a broken mind.
This guy's thinking was flawed so here's what I suggested to him–"you need money and you have money sitting right in your house. Let's go through your house and collect up all the things you don't touch and have a yard sale. I'll bet you have close to $500 sitting around." This was on a Tuesday and on Wednesday he ran a free ad on Craigslist advertising his Saturday yard sale. The end result? He made $400.
I started a vintage furniture company with almost zero cash. I went to an estate sale and bought $30 worth of old furniture which I flipped for $175 in one day. I then took and reinvested that $175 and turned it into $400 and I was off and running.
Here's my point: you don't need money! You need a revolution of your mind. Do you remember my question about giving your all? This is what I was talking about. What are you willing to do to change your current circumstances? My friend had never considered having a yard sale, yet he made $400 in 4 days from things he had lying around his house. I created $400 in profit in 2 weeks from a simple $100 investment.
If you have a mind dead set on changing, then you will find a way to change. If you have a mind set on lamenting your circumstances, then you will continue to complain and nothing will change. I can already see the comments, "I see what you are trying to say, but everyone's circumstances are different. Some people don't have anything." And this is true, there are going to be uber-extreme situations where someone in this world doesn't have anything. But I'm not talking about them, I'm speaking directly to YOU!
Here is a simple formula to make more money right now…
- Call your pay television company and cancel your service. (save $100+)
- Collect everything in your house that you don't use and have a yard sale on your day off. (revenue $250)
- Go to garage/yard sales and find things of value and flip on Ebay. (profit $25 per week)
- Go to nightly estate/merchandise auctions and buy items of value and flip on Ebay (profit $60 per week)
$100 – cable
$250 yard sale
=$690 extra money
And I know this works because I did it. I spent 2 nights per week at auctions buying things that had value and then selling them on Ebay or Craigslist. I took everything in our home that we never touched and held yard sales. I attended weekend estate sales and found items I could flip for cash. Basically I hustled my tail off to make $20 bucks here and there and turned that into a few thousand dollars per month. It was a lot of work. It resulted in me working nights and weekends. It took time. But I did it and I created an income flow. The difference was that I had a mind set on finding any way to generate extra money so I did everything I could to scrape together extra dollars to get ahead.
Imagine if you exhausted every avenue to make a few extra dollars and combined that with eliminating wasted expenses!! Everyone wastes a couple hundred dollars per month on cable, cigarettes, eating out, gym memberships, car payments, Starbucks, driving too much, etc.
The question is-which mind do you have? One set on getting ahead and finding a way or one set on accepting getting dirt kicked in your face by life and sitting around complaining? The simple truth is you have extra time and if you have extra time you can use that extra time to make extra money.
(*******even those who have nothing can find a way. Read this story about a man who traded a paperclip for a house!!)