The $500 a Month Small Business

If you think about it, $500 is not a huge amount of money. The average car repair is around $500. The average family with 2 vehicles pays about $500 for gas every month.  You can purchase an iPad for $500. You can buy an outfit for $500, or purchase a round trip airline ticket for $500. $500 a month x 12 months = $6000 a year. Now if you look at adding $6000 a year to your income, it doesn’t seem like much. However, it really is.

Ask yourself the question: What would a consistent extra $500 mean to my financial state of health at the end of the month?  If you could afford a $2000 mortgage payment instead of a $1500 mortgage payment, where would you live? Chances are, you would be able to move into a more upscale neighborhood. If you could afford a $500 car payment, what type of car could you drive? Would it be a step up from what you are driving now? $500 a month could pay for private schooling for your children. $500 could pay for expert music, sports, or artistic training. $500 could pay for private tutoring for your kids.

Lets talk about Debt. How much is your consumer debt costing you in monthly payments? Would $500 cover your payments to the credit card companies? How about student loan debt? Could $500 make a big difference in paying back the debt you borrowed for college?

The truth is: $500 goes a long way when you look at what it can do for your lifestyle.

How do you make the extra $500 a month? A small lifestyle business can fairly easily generate $500 a month.  You have to find something that you love and go for it. You don’t need an expensive office. You can work from home.  You don’t need employees. You can do this yourself. Leverage technology. We are in a connected world. You can run your venture from your smart phone. All you need to sell is $17 a day worth of your product or service to make this work.  You can do this. You can sell $17 a day of something.  Figure it out. Be resourceful.  

Welcome to the world of upward mobility.

(Photo: David Boyle in DC, Creative Commons License, Some rights reserved)

---