Road to Riches

Person Holding Black Ceramic Teapot

‘Tis the season for new goals! Everyone loves money, so why not try to have some extra bucks this year? As money gets tight and work is not as widely available, we have some great ideas to help you get on the right track to having a happy bank account!

Budgeting

Budget, budget, budget! You’ve probably heard this all of your life, and now you’ll hear it again. This is the best way to start racking up those dollars. Our agents recommend tracking your spending to see what the majority of your spending is on. Apps like Mint or Cleo allow you to see how much you’ve spent in each category. Once you see where your money is disappearing to, it’ll be easy to come up with a solution. Set a dollar amount per week or month to spend on each category to help limit your spending for things like clothes, food, etc. Another tip is to use cash instead of a card. This allows you to see just how much you are spending, and trust me, it will help you stop spending as much. Get that budget started!

Saving

Now that you have a budget, it’s time to put in action! Once you start following the schedule you’ve made for yourself, you’ll have some extra cash. BUT, this is the moment of truth. It’s important to think before you buy. Ask yourself, is it really worth this much? Do I need it right now? Is there a better place? You need to put the money somewhere safe and preferably untouchable. A savings account is always a great idea, but there’s alternatives to that, as well. Investing is a great way with low risk to earn money for your, well, money! 

Investment

You’ve managed to rack up some savings, yay! Some people are fine with the money sitting in a bank account and gaining small interest, but there are other options. Stocks do come with risk, but certain companies are great for long term gain! Another great way to get that passive income flowing is investing in real estate. Flipping, renting, or even just investing into a REIT can help your portfolio soar! Of course, we are here to help with starting any type of real estate venture!

Extra ways to get cash

This is a weird time to work, let alone find a job! So, we have some alternatives for you workaholics. The first is e-commerce. Sites like Etsy have grown immensely during this time and it is no surprise. If you are crafty and have extra supplies lying around, sell them! It may not be a huge income, but it’s better than nothing. Another option is becoming a virtual assistant. Lots of companies are opting for remote assistants, so that means you can work for anyone, anywhere! Assistants need to be organized and available so make sure it’s the right choice for you before applying! There’s too many other choices to even list!

Now that you have the ideas flowing, get to it! This new year is going to be hard, but making good habits can make all the difference. Don’t forget to treat yourself now and then, either! We wish you the happiest and most successful 2021!


WE WOULD LOVE FOR YOU TO TRY AGRESTI FOR ALL YOUR REAL ESTATE NEEDS! WHETHER YOU ARE BUYING, SELLING, OR INVESTING OUR KNOWLEDGEABLE AGENTS ARE HERE TO HELP! CALL US TODAY AT 814-459-9400 OR VISIT US ONLINE AT WWW.TRYAGRESTI.COM