Besides doing our jobs and loving our families and friends, we all recognize that there’s a lot more to life than just work. In fact, many of us would love to pursue projects that mean a lot to us. There are those who are looking forward to having a meticulously planned out garden. Others have the vision to start up an animal shelter or set up a charity for a cause close to their hearts.
The projects that we pursue, so long as they resonate with who we are as people, are worthy initiatives. However, many of us shy away from them because of lack of funds. Money, after all, is always the subject of hot debates even within ourselves.
Fortunately, there are things that you can do to raise the funds needed to pursue your personal project. In this article, we share three of them.
1. Change the way you save
Many people do this when they receive their paychecks: they buy all the things that they want, pay the bills, go on trips with friends, and whatever is left of the money is set aside as savings. Most of the time, however, not even a cent is left and they end up living paycheck to paycheck.
That is such a sad cycle to be in, and you should change that. Instead of waiting for what’s left so that you can save, you should practice allocating a fixed percentage for savings. For many, this is around 30% to 35% of their money; and they already set this aside even before they pay the bills and buy other necessities. By doing this, you are able to make sure that your savings grow. With this, making projections–which includes planning for your personal initiatives– becomes a lot easier to do.
2. Make well-calculated tradeoffs
Given our limited resources, we usually do not have the luxury to enjoy everything at once. Sometimes, we just have to make a choice. Many people sell valuable items such as cars just to be able to raise funds for personal pursuits. If you are one of them, make sure that your vehicle bill of sale is prepared well. There are firms both offline and online that can help you with this.
Now, you have to be sure that your project is worth pursuing before you start converting valuable items to cash. See to it that a plan is already in place and that you are really prepared to see the project through.
3. Work more jobs if your schedule allows
Modern people do not just hold on to one job. Many of them have side gigs that sometimes rake in more cash than their main jobs.
Because of the internet, looking for and holding on to a second job is a lot easier now; even for those who have 9-to-5s. There are platforms now such as upwork.com that allow computer literate individuals to work on content writing, accounting, and other tasks right in the comfort of their homes. Taking on these tasks can help a lot if you want to raise funds quickly and safely.
Getting the money needed to fund our personal projects is not always easy, but it’s always possible. We just have to change our perspectives and the way we do work in order to be able to pursue our passions.