But when I first started reading Put More Cash in Your Pocket: Turn What You Know into Dough by Loral Langemeier, I was a little put off. Langemeier believes that scrimping and saving is the “opposite of what you need to do to breathe easier.”
Her attitude is not to cut back, but to make more money so that you can have what you want. I was put off by her strong stance, because I think there’s room in our lives for both approaches. I believe when times are tough, it is good to trim back, and it is good to seek out new opportunities for income. I don’t think you have to choose one or the other. After all, I make a small income from this blog, writing about that very idea!
I’m glad that those first few pages didn’t stop me from reading the rest of the book. What I like about this book is that it gets right to the meat of how to put more money in your wallet. Using four different scenarios, Langemeier shows you how you can turn your skills into $500 to $1,000 of new cash every month.
Langemeier knows business and personal finance. She is the author of the national best-seller The Millionaire Maker and two New York Times bestsellers, The Millionaire Maker’s Guide to Wealth Cycle Investing and The Millionaire Maker’s Guide to Creating a Cash Machine for Life. In addition to her sold-out Millionaire Maker events, currently acts as a financial expert on the Dr. Phil Show, mentoring families in financial crisis.
Put More Cash in Your Pocket is a quick read, and is full of some good tips on how to get started making money fast using skills you already have. So many of us make excuses for our financial situations, when we could be out making them better. Langemeier provides simple steps to getting started and advice for how to not get caught up in the details.
While this book has good advice, I would have liked Langemeier to take a bit more time to consider legal issues and tax documents of running your own business. She breezes over these issues, and depending on what line of work you are doing, that can be a very critical step. I would also have liked to see more than just a casual mention of the work-family balance. It’s very easy to let a side job become all-consuming, and I would have liked to have read more about how to deal with that aspect of running your own business.
I tend to over-analyze most decisions in my life, and so, if you’re that type of person, Put More Cash in Your Pocket may be just the kick in the seat of the pants that you need. I was able to walk away with a few new ideas of things I could do to make extra money.
Of course, I’m still going to clip coupons and scrimp a little.
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