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#272 - How to Save $10K FAST (Advice From a Millionaire) · Money Grows on Trees

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  If you wanna put your hands on 10K fast, if you're in a job, ask
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  for a pay rise. It's the fastest way to get paid more money. You
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  may not need those things you think you need. You may not need Uber Eats, Uber
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  Eats, Uber Eats, Uber Eats. You may not need to see Amazon, Amazon, Amazon,
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  Amazon in your bank account. The secret to making more money. How
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  inconvenient. I get it, but it's not forever. You're gonna try and put your hands on 10K
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  fast. Got it? I'm Lloyd James Ross, seven figure investor and
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  entrepreneur. And I've helped thousands of business owners and professionals turn
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  financial stress into success. If you're stuck in old money
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  habits, overwhelmed by investing or unsure where to start, this
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  is for you. I'll give you the mindset and strategies to take control,
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  grow your wealth and achieve financial freedom. It's time to
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  make your money work for you. How to save $10,000 fast. How
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  I would think about doing this? I want to give you six things
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  to focus on if you want to put your hands on $10,000 fast. Here
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  we go. If you want to create $10,000 for whatever reason, these
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  are the steps that I would take. By the way, a student of mine recently actually said
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  to me, ìLloyd, Iíve got this coming up. I need to create $3,500 really
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  quickly over the next two weeks.î How do I do it? And we went through a
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  plan with her and we nailed it. Bang, bang, bang, bang, bang. She got it. So
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  if you want to just be able to do that, you've got to have a
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  plan to follow. It's got to be very tactical. It's got to be effective.
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  It's got to be fast. It's got to be high urgency and you've got to take no
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  prisoners. Okay. So if you want to put your hands on 10k fast, here's how
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  you do it. One, well, Over time, before I get to one, is
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  you got to do two things at once, obviously. You got to increase your income and
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  drop your costs. That's effectively what you must do. So
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  each one of these items I go through aims to do one of those things, increase
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  income or drop costs. Okay. And so let's go to it.
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  The first one is pay rise. So for example, if you want
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  to put your hands on 10k fast, If you're in a job, ask
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  for a pay rise. It's the fastest way to get paid more money. Ask
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  the question, right? Hey, and ask it formally, go
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  to Chattyptee, put in there, give me a formal, well-written,
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  compelling email. that I can send to my boss that 100% guarantees
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  that I'll get a pay rise. And let chat do the work for you to do
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  that. Send it, just send it. Especially if you've been there
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  and you haven't actually had a pay rise for so long. Now's the time. So
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  that's the first step, pay rise. Now if you're in a business, it's a lot easier when
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  you're in business. Well, it may not be mentally easier, but it's
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  easier because you are in more control. So if you're in a business,
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  the fastest way to put your hands on more money is to increase your prices. Now
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  for some people, you haven't had a price increase for many years.
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  I get it. It's very difficult to raise prices because you
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  don't really want to steer away customers. You want
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  to provide more value than you take. I get it. But if you haven't increased
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  your prices at least to the tune of inflation, which is
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  say 3%, 5% in the last couple of years or more, it's
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  time to increase them. So perhaps look at a 10 or 20% increase in
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  prices. That could accumulate the 10K a lot faster, obviously. So
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  that's the first step, raise prices, either as an employee or
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  as a business owner. Second step, obviously, cut
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  costs. And you can do this starting right now, okay? Cutting
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  your subscriptions, cut your, I mean, I've had students sell
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  cars and downgrade. One of them sold a car completely and just
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  took public transport because he was trying to get ahead, right? Cut your
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  expenses. You may not need those things you think you need.
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  You may not need UberEats, UberEats, UberEats, UberEats. You may not need
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  to see Amazon, Amazon, Amazon, Amazon in your bank account. So
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  start to look at your statement and just cut. For this next
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  30 days, cut expenses. It doesn't have to be forever. Guess
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  what? When you cut, you can always add them back. But eliminate, eliminate,
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  eliminate. As you're cutting your costs, you're going to create or
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  free up more free cash flow for the month from your income. Make
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  sense? Cool. Third step, we've got to find more money. Outside
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  of price rise or pay rise, you've got to find more money. It's
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  time to get a side gig. It's as easy
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  as this. If you're someone who's a little bit knickknacky and
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  pretty handy with computers and technology and design and
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  you're more of the white collar style of skills, then
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  go to Fiverr.com. I had a student do this the other day. He
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  went to Fiverr.com, he created a profile, he put out a job
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  and he got paid $30 for the job. And by the way, AI can do
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  most of the jobs for you. People haven't caught on to that yet. So you can even go and
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  do not that much work and get paid. You can even find someone on
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  Fiverr who provides some sort of So
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  for example, let's say someone creates e-books. They
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  create them and they design them. And that's very easy to do with AI now, but a lot of
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  people don't understand that. So they go to Fiverr and say, can you please create my e-book for
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  me and design it for me? And you can find someone in Fiverr to do that for you for like
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  probably $40 or $50 or $100 or sometimes $500. You never know. And
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  so, what you could do is put an ad on
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  Fiverr to say, I'm going to design and create your e-book for
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  you, a lead magnet, as an example. And
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  when you get a job and they pay you for the job, let's say it's
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  200 bucks. Well, let's say it's, yeah, let's say it's, yeah,
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  200 bucks you charge. Then you can go to someone else on Fiverr and
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  say, hey, I need an e-book created and find someone that
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  can do it for 50 bucks. So you get, you find out the work,
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  you get them to do the ebook for you. Then you sell it
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  to this person. It's called arbitrage. It's how Bunnings makes
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  money. It's how Woolworths makes money. It's how, it's how, um.
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  Any retailer makes money. They buy a product from someone else, like from Alibaba
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  or Timu, and they flip and resell it. So
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  you can do the same thing with service-based jobs. Does that make sense? So
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  you can get the job for 200 bucks, find someone to do it for you
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  for 50, and you take the margin of 150. Now,
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  if you're someone who is more of a blue-collar, you're kind of more crafty
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  and handy with your hands, then you can go straight to Airtasker, put
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  on a job there to do all sorts of different things like get a trailer, remove rubbish.
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  You could go and build someone's IKEA furniture. You could clean
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  gutters. You could spray driveways. There's all sorts of
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  different things you can do on Airtasker that are more service-based gigs.
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  But the most important thing is to get a gig, which means working in
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  the evenings, which means working weekends. We're trying to put our hands on 10K
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  fast, not 10K slow. So work,
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  work. I know, the secret to making more money, work.
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  How inconvenient. I get it, but it's not forever. You're going to try and put your hands on
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  10k fast. Got it? So they're the two side gigs you could attack.
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  Things like affiliate marketing and network marketing that I love. Okay. And,
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  and other sort of online businesses for sure. I'm podcasting. There's
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  opportunities writing books, right? You could, but they're more long-term. They're
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  like, it's gonna take longer to make money. We're trying to
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  do it fast. So it's like small gigs, yeah? Just quickly, if you're ready
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  to take control of your finances but feel stuck on where to start, I
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  have a solution. My book, Money Buys Happiness, simplifies
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  investing and wealth building with practical steps to help you achieve financial
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  peace. Get your copy via the link in the show notes and let's get your
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  money working for you. Now back to the episode. The fourth step
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  is leveraging the asset that you have What do I
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  mean by that? A lot of people are, they're
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  not leveraging the resources at their disposal. What
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  I mean is if you have a house and a yard, you
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  could pet sit dogs like my wife does. My
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  wife's been able to be paid like two grand to look after pets,
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  other people's pets. It's like a little Airbnb at our place. And
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  so you could actually just pet sit. There's two apps to add if you're
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  in Australia, Paw Shake and Mad Paws. You put a profile up,
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  you increase your price a little bit upon anyone else's, you provide a premium service, and
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  you can earn up to $100 or more a night. So you could easily
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  do that and turn your little house into a little pet sanctuary for a couple
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  of pets that you can babysit for them. That's how you can make money quickly, particularly
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  on weekends when you're not there. Or if you're someone who works from home, you can do it anytime. Because pets
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  don't take up much energy. They just walk around the house. You
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  gotta feed them twice a day. If you've already got a pet or a dog, you understand this. And
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  they're just literally like resorting at your house and
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  you're making money from their dink parents, the dual income,
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  no kids parents that, you know, have their dog and love their dog as much as their
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  child. They'll pay anything to make sure it's safe and happy, right? So you can do
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  that. Wonderful way to earn extra income. Win, win, win
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  outcome. Win for you, win for the dog, win for the owners. Now,
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  the other thing you can do with the current resource, you have like a property with
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  rooms, and I've got another student in the UK, she does this. She earns
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  about two to $300 a month extra, because she actually
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  rents her rooms out. So you could actually start doing that if
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  you wanted to, particularly if you have an ability to separate some rooms. I
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  mean, you don't have to Airbnb it, but you could actually just promote it to lease
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  out to a student, someone who needs short term housing, but doesn't wanna take on
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  a whole lease, right? You can do that too. Definitely.
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  So that's leveraging the resources you have. That's number four. Number
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  five, this is super simple. You could start doing it
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  right now to get 10k fast, which is sell
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  stuff When companies get into trouble, not
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  suggesting you're in trouble but if you want to put your hands on money quickly, companies go
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  through fire sales. So you can go through a fire sale too
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  but look around your house and see what's there and put things on Facebook Marketplace.
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  At the moment, we're doing some retouching to our interiors of
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  our house or our apartment and at the moment, we're going
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  to buy some new stuff. But guess what we're doing first? We've listed
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  the other stuff on Facebook Marketplace first. because either
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  it's pretty crappy and someone's going to get it for free. In that case, you can
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  get them to take it to the tip for you for free. They can just take it from your house. That's
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  a nice valuable service, saves you doing it. Or you can sell
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  it for a certain price and that'll allow you to buy the next piece of furniture
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  or it'll just put money in your pocket for your 10k fast. But either which
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  way, go around your house now and look at things that you don't need.
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  If that includes your car, And you can sell your
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  car, buy a lower price car and
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  take the balance. That's also a way to put your hands on 10K fast. I've
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  had students do that. Okay. Particularly if it's a car that's got
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  too much financing, it's killing you, right? You can do that, sell stuff.
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  Facebook Marketplace, get it on there. If it's not selling, drop the
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  price. Things that people don't need to inspect before
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  they buy, you can put them on eBay. But if they need to
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  physically be there to take it or see it, it's definitely Facebook Marketplace.
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  That's the difference between the two. Now imagine for a
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  moment You went after it and you were sold all this stuff in your house on
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  Facebook Marketplace and you learnt how to do it effectively and you became
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  good at it and you knew how to write the right sales copy, take the right photos. Imagine
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  then if you could actually start a little course on how to sell on Facebook Marketplace
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  and what if you could sell that for $1,000 and what if you sell that to 10 people, that's
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  $10,000. Make sense? Number six, if you've got a high-interest credit
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  card and it's sinking you, you're like, oh my God, I could put my hands on 10K
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  faster if I didn't take out this
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  20% interest credit card. It's killing me. And if
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  that's the case, what you could potentially do, right?
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  I've seen people do this before, but buy beware and go get credit advice
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  from a professional, but you might want to consider talking to
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  your bank and getting an interest-free card to use to pay
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  off the high interest card. I know it's robbing Peter to pay Paul, but it will
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  give you an interest break for a period where you can put your hands on
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  the 10K a bit quicker because you're not paying the interest from the card. Those
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  interest-free cards go for about 12 months interest-free. You'll have to have the right credit
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  rating to get it, but it is possible to do that. Does that make sense? That's
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  how you can put your hands on 10K fast. This is not something that you can go and
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  get an equity loan against your house, say, I put my hands on 10K fast. Or
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  go get a credit card with 20% interest rate and say, I put my hands on 10K
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  fast. It's getting cash that you created out
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  of seemingly thin air. So I hope that makes
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  sense. They're the six ways where you can save 10K
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  fast. Don't do one, do all of them in succession
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  starting today. And before you know it, you'll have 10K to
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  take investments, to invest in yourself, to travel
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  somewhere you've always wanted to go to, whatever it is that's driving you to do this, I
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  hope this makes sense and it's a roadmap. And I'd love you to leave me
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  a comment below or a question. Which one are you doing? Which ones
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  have you done? And if you've attacked this, have you done it before? Leave me
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  a comment below. And don't forget to hit the subscribe button and
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  go check out other episodes. And also, share this
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  episode with a friend. If you know someone who wants to make more money, share this episode with
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  them. All right? So I hope you've enjoyed it and I'll see you in the next episode of
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  the Money Grows on Trees podcast. Thanks for listening to Money Grows on
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  Trees. If you enjoyed the episode, leave a five-star review on Apple Podcasts
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  and Spotify and subscribe to us on YouTube so you never
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  miss an episode. And if you're serious about building wealth, make sure to
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  check out the links in the show notes and follow me on all social media
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  platforms, at LloydJamesRoss for more. See