Just about everyone could use a little extra cash. If you Google the term “make extra money” or “ways to make cash on the side” you get what I call the “obvious” responses. Let me tell you there is nothing worse than sifting through dated articles that state delivering pizzas as the obvious answer. If the pizza place is not hiring, your out of luck. Hence I am writing this article to help you with the premise of “found” money and how to get control of your budget without sounding like captain obvious.
If you google the term “found money” you will come up with all types of responses about how people found some money. Usually its hidden somewhere or you may find it in a pair of pants that you put away. One return was money that someone found in an old house that they bought, locked away and hidden in a safe in the wall. While this may be a nice surprise for some of us, the likelihood of this happening is pretty rare and cannot be counted on as a sound financial technique.
So if you found a nice wad of cash, what would you do with it? The responses might surprise you.
So what would you do with it really? The reason I ask you to ask yourself is that most people would not have a plan. Having a plan is crucial, in fact its more crucial than actually having the money. You have absolute power over creating a plan but most fail to do so. If you take the time to create a plan, you will find that you are more inclined to find the money to plug it in to.
So step #1 is that you have to create a plan to put the money where it will begin to work for you instead of being absorbed into your everyday budget.
This can be as simple as a savings account, but should really be more complex and detailed. A good example would be to purchase an asset that puts money in your pocket. (More about that later) Here are some examples of assets and plans that you can begin building.
So by now you are probably wondering why the heck you would make a plan without really knowing where you are going to get the money. In fact, to take it one step farther, you are probably wondering what the heck I am talking about at all. I started with the plan concept for a reason. Most people get stuck on how to generate some extra cash, then give up before ever getting to the plan. The plan is the key, how you plug money into that plan is the details. Details are just details, people focus way to much on them and get discouraged. If you start with a plan you can build enthusiasm and that will generate passion for the details. Now that I have your attention I will give you the definition of “found money”
Found money is money that you create with the specific purpose of putting it to work for you. Another way to look at it is: “I found a way to get extra cash”
Here are some examples (details):
The key to any of this of course is to be proactive and start looking and figuring it out. If you are actively researching and brainstorming what to do, the answer will make it self available. The key is consistency and praying for the opportunity to be revealed.