Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

413
Posts
348
Votes
Joe M.
  • Erie, PA
348
Votes |
413
Posts

How do you earn/save extra money thread?

Joe M.
  • Erie, PA
Posted

Thought it would be a cool idea to share how you earn or save extra money, no matter how large or small....to help make our pockets bigger. I think finances is an area one can always improve on....might as well learn from each other. 


I called xm radio and got my bill reduced about 8 dollars a month.

Also started using chase credit card. 1.5% cash back and bonuses on purchases I already make, I'll have about an extra 700 a year.

What are some hacks or extra income streams you have, real estate or otherwise?

Most Popular Reply

User Stats

10,252
Posts
16,111
Votes
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,111
Votes |
10,252
Posts
Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

My goal is to save $60k /yr. Rather save 60 than make 90. The net is the same after taxes.

I focus on big stuff. Saved $47k buying the LLC vs the commercial building, self-close buys, sell my houses by owner, draft my own finance docs, do my own taxes, swap my own water heaters, etc.

Of course I brown bag my lunch, have OTA antenna tv only and borrow seasons of shows and movies from the library. Also get audio books there.

Bought my last sports car way below value with the commission savings of my FSBOs last year. Could drive it a couple years and sell for what I paid. Invested the difference in stocks at key support levels, now can buy something else. Multiply your $. 

I buy stuff like counter and cabinet resurface kits & ceilings fans on clearance at 70-90% off, then do the project. Bought $20k worth of windows for $1500 at the dump.  Never spent more than $9-$10 on a $40+ gallon of mistint paint. Will buy $170 5gal buckets for $35, then mix my own and have a house painted or save a trip to the store picking and matching.  That kind of stuff, while I'm there anyway.

I won't drive across town to save $.03 on gas or cancel my newspaper or gym membership, but will save on the fatties.  Good discussion!

Loading replies...