So, the way we’ve been working on chipping away at our debt is this: my income pays for our basic expenses. Mortgage, grocery, utilities, medical bills, entertainment — that all comes out of my salary. Chef’s business income pays for his business expenses (rent, travel, tools, etc.) plus the debt snowball. It’s been working out pretty well, and we know that once we get all the debt paid off, we will most likely not need for me to work full time because his business will probably earn enough to support us.
Let me tell you, I’m excited for that day. I’m not one to shirk my duty, and I’m not afraid of work. But my current job isn’t something I want to do forever, and there aren’t a lot of other full time positions available out there for which I’m qualified. So I really want to pay down our debt as quickly as possible so that I can feel more free to move on to more enjoyable employment, even if it might be part time or pay less than I’m making now.
But this morning, Chef told me that he’s got a lot of money going out this month (with expenses and taxes) and not a lot coming in. And that’s not unusual for January. All the big parties happened around Christmas and New Year’s, and people just don’t purchase a lot of ice sculptures this time of year. But the upshot of the situation is that he’s not going to have a lot of extra to put toward the debt snowball this month.
It makes me want to think of ways I can earn extra cash. I’ve signed up for an online service that matches freelance writers with companies or individuals needing writing done. I still have to pass an entrance exam (it’s basically a test over their policies and procedures) before I can actually get started. And I need to update my profile and that sort of thing, in the hopes of making myself appealing to clients. But I feel pretty diffident about it. I mean, there are a lot of providers on that site, people who have been writing professionally for a long time, and I’m not sure how to make myself stand out there. And then there’s the time factor. I’m already working about 45-50 hours a week (40 hours a week at my job and 5-10 hours a week doing clerical work for Chef), and I wonder how on earth I would be able to meet deadlines with freelance writing.
I’m toying with a book idea, and I’m working on cleaning up some stuff I have written so that I can put it together in book form. I’m sure it won’t be ready until the end of 2010 or thereabouts, and even then I’ve no idea how much money I could make off of such a thing.
Working overtime at my regular job isn’t really an option (the work just isn’t there to justify overtime), and while I’m not above some part time work at the local donut shop or something, I again wonder about how much time I can really spare and still have my sanity and my health. We’ve already gotten rid of most of our saleable goods on eBay or in garage sales, so selling stuff is out, too.
I’m in a hurry. A big one. I totally know that when the tortoise and the hare race, the tortoise wins. But just think if that tortoise had some roller skates! Then he’d really be in business!
How do you make extra money? What are your roller skates that move you faster on the path to financial freedom?
Image credits: wealthy-writer.com, deadlinescotland.files.wordpress.com, teacherweb.com/OK/CowetaCentralElementary/FirstGradeTeam/