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You know I’m all about saving money, budgeting, and paying down my debt so that I can be financially independent in 10 years or less. Well, in May I was introduced to trading stock options. This has helped me create another stream of income and it has been liberating! To know that I can make money while not leaving my home or actually working is an amazing feeling. It’s almost like a passive stream but you do have to do some work. If you’re interested in how it has helped me make money check out this post.
Today, I made $945 of off two contracts for the same company.
*note I took the screenshot and the gain amounts increased afterwards
Now, I only paid $169 and $173 for the contracts, so my profit was a whomping $603!! Just on those two. I have other contracts for other companies and in total for the day my gains for the day were $689. To some, this may seem small, and for others this may seem like a lot. For me, this is fantastic.
I am using this stream of income as a way to pay off debt quicker than I would be able to with one stream of income. Imagine making your rent in one day and then being able to do the same thing every day or every week?! I have the potential to make a whole earning from this or I can use the gains to pay my normal bills and use my paycheck to go towards debt or vice versa. You get me?
So far this year I have paid off 2 credit card debts. I have 5 left with the total balance being less than $15K (so far I’ve paid ($15K) and I plan to pay those off plus my car ($7K) by the end of the year.
It seems like a huge goal but that’s the plan! I want to free up as much cash as possible so that I can go crazy and save. I’ve also funded my emergency fund but I’ve dipped in it a little to eliminate debt.
If you remember from my previous posts about financial freedom, I was in credit card debt of over $30K and my monthly payment that was consolidated with lower interest rates was $739!!!!! Before it was consolidated, I couldn’t even make all of the minimum payments. Now, I am happy that my payments have dropped to $561.
Do you want to learn how to make some extra money to help with whatever you want to buy or your rent? Check out this course that I purchased. It has honestly changed my life and others. It’s so helpful and I am grateful to have a friend who created it and is trying to educate others.
I only recommend products I love and if you decide to purchase these items then I will make a commission at no extra cost to you.
Do you want to change your life and add a stream of income?
Share you gains in the comments and remember, smalls gains are still gains. A $25 gain is still more than what you had right? Then start working on $1K days and so on.