It has been a wild ride in terms of the stock market in 2008, and we're only 24 days into the new year! Given the state of the housing market, rising fuel costs, and all this uncertaintity about the future, combined with my upcoming fatherhood in about 7 months, I am going 100% full force on getting out of debt, so we can rest easy at night and not have to worry about bills.
Just today, I began considering taking a second job in the evenings, and also getting Jawana to get back on the overtime list so we can earn money while the earning is good. Likewise, we have really stepped up our video efforts and are probably going to be working pretty much every weekend if we keep booking weddings at this rate. I also want to get back into selling everything on Ebay as that seems to be good passive income. Another way for me to make money is to travel more and get per diem and my own overtime on travel, so I've been looking at all the business trips over the next 3 months and picking and choosing which ones are likely to have the biggest payoffs.
Not only am I looking at ways to increase income, there is no doubt we will have to sacrifice our currrent lifestlye in order to get ahead. The good thing is, it's only temporary and we should be out of debt in about 3 years. We will then be able to live worry free (from an income standpoint)!
If you've got any suggestions on ways to save money or tips and tricks that you've used to make money as well, please share! We are all ears!
We started the debt snowball this week and I can't wait to see the progress in the coming months!
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