Controlling the back-end of your finances is very important, but it shouldn't be your long-term focus. Once you have your budget expenses under control, focus your time and energy on your front-end. This is your income.
Here are some questions to ask as you focus on increasing the front-end of your finances:
- Do I have some stuff that I can sell to at least boost my front-end in the short-term?
- Is it possible to get a raise at work?
- Is it possible to transfer to a higher paying position at my workplace?
- Is it possible to take advantage of benefits at work that will gain me money?
- Should I look for a better paying job?
- Do I have the time and energy to pick-up a second job for a period of time to get out of debt faster and help me through my financial difficulty?
- Do I have a talent or ability that I can transform into a valuable service for people in order to gain part-time additional income? Maybe you could become a wedding singer, a painter, a landscaper, or a tax return preparer? Be creative and see if you can create a niche market offering your services. Doing this can sometimes lead to a full-time business that brings in more money than your original job.
- Can I build a part-time business out of my house in order to bring in additional income?
- Can I rent out a part of my house for an additional stream of income?
- If my spouse is not working, should they pick-up a part-time or full-time job?
Be creative. Use the assets, talents, and abilities that God has given you to increase your front-end income. As you dig out of a financial mess, you need the big shovel of your income to help get you out.
Do you have a story about picking up a second job or starting a part-time business in order to increase your front-end income? If so, leave a comment. I'd love to hear your story.