Want to improve your financial situation? There are only two ways to do that: 1) Decrease your expenses or 2) Increase your income.
It should come as no surprise here that decreasing expenses is the overarching theme of this blog—as well as just about everything else I’ve written over the past decades.
When you reduce the grocery bill, it’s like giving yourself a raise. Refinancing your mortgage to get a lower rate of interest has the next effect of more money in the bank. It’s a solid principle, but cutting expenses does have its limitations.
You can only cut so far without cutting into basic needs and compromising quality of life.
If you are still unable to make ends meets, only one choice remains: Increase income. Theoretically, there are myriad ways to do that, most of which come with their own challenges. Especially for families with young children.
Today I want to introduce to you a very useful book on the topic that offers realistic, practical tools and advice for women—specifically moms with children in the home—for how to make additional money regardless of experience or education.
I love this book so much because it is as practical as it is empowering. Think you don’t have the time, talent or ability to bring an additional source of income into your home? You might be wrong about that!
Believing this might be a book with the potential to change the lives of so many of my readers, I asked our resident book reviewer to give us his thoughts.
Money Making Mom: How Every Woman Can Earn More and Make a Difference, by Crystal Paine
Reviewer: Jeff Tompkins, Jr.
Call it bravery, call it stupidity. But yes, as a 40-something male, I am about to review a book aimed at women, moms in particular. My experience? Well…I was born to a woman, and have been married to one for almost 15 years now so practically an expert right? Of course I realize that my understanding of this book might be different from those in its intended audience, but fortunately Crystal Paine’s Money Making Mom brings some basic ideas and strategies that are very applicable to just about everyone.
Money Making Mom is aimed at moms who want to raise supplemental income, whether they are looking for part-time ideas while raising their children, are single and needing full time income, or maybe have a creative idea budding that needs help getting to the next level.
Paine makes it clear from the very start of the book though that her intent is not to provide a cheat sheet full of “get rich quick” schemes. Instead, she provides her thoughts to help others attain financial freedom, to grow a new mindset when it comes to money as well as potential new ways to obtain that money.