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Entrepreneurship


  • Entrepreneurs Face Credit Challenges When Purchasing a Home (0 comment)

    Plenty of Americans have that entrepreneurial spirit. Being your own boss and setting your own hours is liberating, and millions of Americans have made the leap. But there are special credit challenges to be aware of, especially in the first two years of striking out on your own. Self-employed Americans by the numbers According to a 2014 report from the Bureau of Labor Statistics, 14.4 million Americans are self-employed. (When you factor in part-time independent…

  • Lessons From Your Summer Job: “Date the ice cream guy” (1 comment)

    Ah, summer employment. Those heady teenage years when you worked from June through August, doing what no adult in their right mind would do, for a wage no adult would agree to, all the while hoping to meet the boy of your dreams. Heaven, right? Well, not exactly. Even with the rosy glow of nostalgia attached, I still remember many of my summer jobs as just plain hard work. Babysitting from the age of 13:…

  • 11 Myths That Stifle Budding Entrepreneurs (7 comments)

    I had the itch. I had a great idea and the support of my wife. I had the hunger to write my own story. It was 2002 when someone from a division at my Fortune 50 employer whispered in my ear: “If you go out on your own, we’ll hire you.” So I made the leap and started my own business in 2002. And it was great — until late 2007 when the sky started…

  • Layoff: Catastrophe or Opportunity? (18 comments)

    At the age of 50, I was laid off. It was a Thursday morning in August of 2013 and it came on a conference call along with hundreds of co-workers. I had been working in one way or another since the age of 13 — babysitting, apple picking, camp counselor, journalist. It was the first time I had ever been involuntarily out of work. Did I mention it happened while I was technically on vacation?…

  • Layoff to start-up: 8 tips from a successful entrepreneur (7 comments)
    This article is by staff writer Lisa Aberle.

    Ted Leonhardt’s plunge into entrepreneurship was just that — a plunge. After working for a small graphic design agency for eight years, he lost his job and was facing an uncertain future. “I was in survival mode,” he recalls. With a mortgage and a baby, he had to do something quickly. He caught a break when one of his former employer’s clients encouraged one of their…

  • Tailor your circumstances to your strategy (3 comments)
    Tailor your circumstances to your strategy. Sounds a bit backwards, doesn’t it? Most of the time, we take the path of least resistance and tailor our strategy to our circumstances. And that can certainly work if all your finances need is some minor tweaking. But if you have a large goal in mind or you need to address debt, you may need a different approach.

    Prioritizing circumstances and strategies Defining the life you want…

  • Best side jobs for extra cash (17 comments)

    Who doesn’t want a little extra money each month? The best side jobs or “side hustles” are popular ways to earn cash quickly, but it’s also a fact of everyday life for many Americans now. According to the most recent data from the Bureau of Labor Statistics, 6.1 million U.S. workers are “involuntary part-time workers” or those who would prefer full-time employment but can’t because their hours have been cut or they can’t find full-time…

  • The secret to making extra money with eBay (52 comments)
    This article is by staff writer Holly Johnson.

    Once upon a time, I decided it was high time I sell some of my stuff on eBay to make some extra cash. Since it was just after the holidays, I decided to get the ball rolling with a new shirt I had just received for Christmas. Even though it was cute, the shirt fit a little small for my taste. And even worse, the store…

  • When investing in yourself is wise (38 comments)
    This article is by staff writer William Cowie.

    You’ve heard it before, many times probably: Investing in yourself is the best investment you can make. Really? How do we know that’s true? Google the term “investing in yourself” and you’ll find numerous references to things like explore your creative side, nurture your mind and body, sleep and relax, say no to others, do things you love. You get the picture. The term is commonly…

  • Side job helps chop 25-year payoff plan to 6 months (30 comments)
    This article is by staff writer Lisa Aberle.

    What do you do when you want to pay off your debt but you calculate it will take 25 years to do so on your current income? Well, if you’re Adrienne Dorison, you start a side business and start shoveling yourself out of debt faster! Another reason to get out of debt Before her income grew, though, she still had a large student loan when she…

  • How much does it cost to start a side gig? (24 comments)
    This article is by staff writer Honey Smith.

    So you’re thinking to start a side gig. Congratulations! Whether you are trying to pay off debt or just trying to fully fund your savings account, a side gig can help you reach your financial goals. But be aware: There is a grain of truth to the old adage, “You have to spend money to make money.” Exactly how much money are we talking? The cost…

  • What is the most difficult part of running your own business? (13 comments)
    This article is by editor Linda Vergon.

    If you have the opportunity to go into business for yourself, I would recommend you do it. It’s an experience marked by creativity, ingenuity, and extreme growth. It is one of the most challenging, exciting, rewarding, creative, and scary things you can do in life. At least that was my experience. If you’ve never started your own company, your perspective might be colored by some of the romantic…

  • Ready to declare financial independence? (35 comments)
    This article is by staff writer Lisa Aberle.

    When will you declare your independence? Your financial independence, that is. What is financial independence? Ah, financial independence — the freedom to work only if and when you want to (because you no longer need the paycheck you earn from your job). Even typing the word “freedom” makes me sit up a little straighter. I am sure you can think of amazing things to do when…

  • Recognizing economic seasons: recovery and growth (11 comments)
    This article is by staff writer William Cowie.

    (Since April is Financial Literacy Month, a number of articles will be devoted to more educational topics. This is Part II in a four-part series about how understanding economic cycles could inform your financial decisions. Part I is Understanding economic cycles: An introduction. Part III is The fall and winter seasons of the economic cycle. Part IV is How to profit from economic cycles.) In Part…

  • How to interview a prospective employer (12 comments)
    This article is by staff writer Honey Smith.

    Speaking about building wealth, J.D. Roth felt that he could never make this point emphatically enough: “Frugality is important, but if you want to make real progress, increase your income.” It’s in this context that being able to ace an interview becomes a very important skill. And certainly part of the interview process should include your asking questions of a prospective employer to make sure that the…

  • The sharing economy and taxes (14 comments)
    This article is by staff writer Suba Iyer.

    Etsy, TaskRabbit, Uber, AirBnB, and numerous other technologies make earning a little extra income (or even a full-time income) easier than ever. Almost anyone can be a micropreneur these days, even if they started out just pursuing a hobby. The sharing economy or peer-to-peer economy is growing at a record pace by leveraging disruptive technologies. But a lot of people don’t seem to understand how the…

  • Flexibility can help you reinvent your career (22 comments)
    This article is by staff writer Honey Smith.

    I’ve talked about graduate school before, but mostly in terms of how my decision got me deep into student loan debt. I’ve talked less about that decision in terms of its impact on my career. For a long time, I thought my career path was clear. I started working at a writing center as an undergraduate and stayed there for four years. I adored what I did;…

  • 9 reasons you may never retire (45 comments)

    This article is by staff writer William Cowie. My mom passed away a little less than a year ago. All her life she was the picture of health: She walked every day and ate super-healthy. The extended family dreaded going there, because they knew there would be no sugary goodies, only healthy (boring) eats. We used to joke and say she was so healthy they’d have to shoot her on the Day of Judgment ……

  • A better way to calculate the value of your time (20 comments)

    This article is by staff writer Kristin Wong. It’s both fascinating and useful to calculate the value of your time. Financial freedom gives you options and flexibility. But without time, that means nothing. Time is a precious resource that we should spend wisely. But you already know this — we’ve written about it quite a bit. Knowing the value of your time is helpful for a variety of reasons: If you’re a freelancer, it can help you…

  • The 9-to-5 job: Challenging how we earn a living (42 comments)

    This article is by staff writer Kristin Wong. (This is Part III in a series about challenging traditional measures of financial success. Part I was The “Ivory Tower”: Reconsidering the college investment. Part II was Challenging traditional measures of financial success: Homeownership.) It was the first semester of my first year of college. My friend and I were driving around our small town, looking for something to eat. But we didn’t have much money, so our…

  • How to negotiate when you hate negotiating (19 comments)

    This article is by staff writer Kristin Wong. In an ideal world, you wouldn’t need to go negotiate. In an ideal world, the weather would be perfect, there would be no war, and your employer would simply say, “Hey, your value to our company has increased. Here’s ten thousand dollars.” If only, right? When it comes to earning more, negotiating is usually a necessary part of the equation. The negotiating masters among us have a serious leg…

  • One year later: The benefits and tragedies of self-employment (79 comments)

    This article is by staff writer Holly Johnson. Almost exactly a year ago today, I quit my full-time job to pursue my passion — writing. It was one of the proudest moments of my life, but it was also terrifying. I had spent the last six years working alongside my husband, a mortician, in the funeral industry. My job certainly wasn’t perfect; but it was stable, well-paying, and sometimes fun. I also loved the people…

  • The new way to get rich slowly (84 comments)

    This article is by staff writer William Cowie. The face of getting rich slowly is changing right before our eyes, even as the status quo is failing. Before this year’s State of the Union address, the President’s media supporters, fretting about his low approval rating, fumed: “…never during his time in office has the state of the economy been better — yet rarely has he gotten such low marks from the public for his handling of it.”…

  • Book review: “Eventual Millionaire” (15 comments)

    This article is by staff writer Honey Smith. There are many personal finance books and tools out there that are useful to people in all stages of personal finance. I have a lot to learn before reaching financial independence, and the editorial elves thought it would be helpful if I shared some of what I learn with you. My recent reviews include “Personal Finance for Dummies, Fifth edition,” by Eric Tyson, MBA. This week, I’m…

  • My year-long quest to create a guide to mastering money (25 comments)

    Note: This article is from J.D. Roth, who founded Get Rich Slowly in 2006. J.D.’s non-financial writing can be found at More Than Money, where he recently wrote about how to be happy. “How would you like to write an Unconventional Guide?” my friend Chris Guillebeau asked me last spring. As long-time readers know, I’ve joined Chris to travel across the U.S. by train, travel across Norway by train, and produce the first three editions…

  • Cultivate your X-factor before it’s too late (26 comments)

    This article is by staff writer Sam. Sam spent 13 years working in Equities on Wall Street and discusses financial independence strategies on Financial Samurai. Sam is also the founder of the Yakezie Network, the largest personal finance blog network on the web. Out of the 500 or so college graduates I interviewed over a 13-year period, practically every candidate was extremely enthusiastic about getting their butts kicked working 14-hour days in finance. When you can…

  • How I built an income safety net (53 comments)

    This guest article was written by Kimberly Palmer. Kimberly is the author of the new book “The Economy of You: Discover Your Inner Entrepreneur and Recession-Proof Your Life,” and senior money editor for U.S. News & World Report. In addition, she is the creator of Palmer’s Planners, a line of digital financial guides on Etsy. A month after my daughter was born four years ago, as the fog of newborn sleep deprivation was at its…

  • Anyone can start a side business (48 comments)

    Note: This guest post is from Jim Wang of Microblogger, a blog about entrepreneurship and how Wang built a seven-figure business. For actionable advice on how to build your own business, join his free newsletter. I believe anyone can start a side business that becomes their full-time business. My first job out of college was writing software in the defense industry for Northrop Grumman. Every day I went to my 9-to-5 job, wrote software that…

  • How I Sold My Comic Books (and Why) (114 comments)

    It’s fun to meet readers for coffee or lunch. It used to seem a little strange that random strangers knew so much about my life, but nowadays it just makes conversations easier. People always want to know about three things: How’s Kris, my ex-wife? (Answer: Kris is fine. We see each other often. I help her with tech stuff and share my Portland Timbers tickets with her and her boyfriend. She gives me pickles.) How…

  • Garage Sale Tips and Tricks (52 comments)

    Last weekend, I hosted a garage sale with my brother, my ex-wife, and my girlfriend. It was a raging success. We cleared out tons of stuff, and we netted over $2500 in the process. I’ve hosted many yard sales over the years (and shopped at dozens more) and have developed some strong opinions about what works best. I’ve heard people complain that garage sales aren’t worth the time. But they can be quite profitable if…

  • Reader Stories: How I became a home entrepreneur to get out of debt (37 comments)

    This reader story is from Kelly Crawford. Kelly is a “mompreneur” and contributing author for five blogs, including her own, Generation Cedar. Some reader stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels of financial maturity and income. Want to submit your own reader story? Here’s how. I had left my job to raise my two children and was now expecting…

  • Ask the Readers: What can you do this month to earn an extra $150? (93 comments)

    And here we are in March! We’d like to check in with a series of challenges to help us achieve some goals this year. In February, we gave you the challenge of giving up something (or a series of somethings) for one month to save $250. How did you do? One of our staffers (and her partner) gave up alcohol, soda, a daily hot-chocolate habit, and suspended their gym membership for the month and resolved…

  • A scholarship for small-business folks (12 comments)

    With student debt now topping credit card debt (see page 3 of the PDF), every penny that you can find to put toward education is wanted. We hear a lot about student loans, but not so much about scholarships as a way to pay for education. There are all kinds of scholarships, often sponsored by special-interest groups. Here are a few that Mark Kantrowitz of Finaid.org lists on his site: Scholarship for Left-Handed Students, Little…

  • Mike Michalowicz, ex-Toilet Paper Entrepreneur (20 comments)

    I’ve been meaning to write about Mike Michalowicz for a while now. Last October, in a comment to an article about generalization vs. specialization, I sided with specialists and promised reader Rya that I’d soon be discussing GIANT PUMPKINS! Why? Because at the time, I was reading Mike’s newest book, “The Pumpkin Plan.” However, life is full of detours, so I am finally writing about it months later… except that I won’t be writing about…

  • Make more money as a subject matter expert (33 comments)

    I spend a lot of time working. I have my day job, first of all. I also have a demanding side hustle in addition to writing here. I’ve spent most of my working life like this. I like working and learning something new, but the main reason I seek employment is because making more money gives me choices. I can pay off debt, save for home improvement projects or add to our retirement accounts. As…

  • Being a landlord: Is it worth it? (145 comments)

    This is a guest post from Holly Johnson. Holly is a 32-year-old wife, mother of two, and frugal lifestyle enthusiast. She blogs about saving money, frugal habits, and whatever is on her mind at ClubThrifty.com. In 2006, my husband and I bought our first rental property. We put 10 percent down ($8,500) on a small brick ranch in the same Midwestern community that we call home. I had gotten my real estate license several years…

  • Earning more vs. spending less: The decision (89 comments)

    This is the last article in a series. Here are round 1, round 2, and round 3. The need to specialize I have been wrestling now for some time with the question of where to focus one’s energies: whether to earn more or whether to save more. Of course you want to do both, but to get really good at something it takes time, effort, patience and dedication — just like anything you want to…

  • Reader Story: From recession to best financial shape of my life (53 comments)

    This guest post from William Cowie is part of the “reader stories” feature at Get Rich Slowly. William has contributed to ConsumerismCommentary.com, BudgetsAreSexy.com and other personal finance blogs. Some reader stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels of financial maturity and income. Want submit your own reader story? Here’s how. Fresh out of college in South Africa in…

  • Review: How I Make Money Blogging (140 comments)

    This post is from GRS staff writer Donna Freedman. Donna writes the Frugal Cool blog for MSN Money, and writes about frugality and intentional living at Surviving And Thriving. Let me say that initially I was skeptical about both the size and cost of How I Make Money Blogging: The Beginner’s Guide to Building a Money-Making Blog. The $27 freight seemed a bit steep for a 32-page e-book. Then I opened the PDF and began…

  • How I Launched a Successful Kickstarter Campaign (40 comments)

    This post is by staff writer Sarah Gilbert. “You can always back out,” a dear friend who had successfully completed a few Kickstarter campaigns told me a few days into my own campaign. “You just have such a short timeline.” “You probably aimed too high,” said another, just beginning her own campaign, having carefully lined up a roster of advisers and marketing backers. “Next time, shoot a little lower.” “Let’s try for $6000,” said one…

  • Can’t Get a Job? Get a Microjob! (74 comments)

    This post is from GRS staff writer Donna Freedman. Donna writes the Frugal Cool blog for MSN Money, and writes about frugality and intentional living at Surviving And Thriving. Looking for work? Somebody out there wants you to design websites, board dogs, run errands, write blot posts, do laundry, deliver packages, be a virtual assistant. Sites like eLance, TaskRabbit, Fiverr, 99designs and 3to30.com are virtual employment offices offering gigs you can pick up and put…

  • The Real Secret to Making Money by Following Your Passion (47 comments)

    This is a guest post from Chris Guillebeau, author of The $100 Startup, available from Amazon.com or your favorite local bookstore. You can also read his free blog at ChrisGuillebeau.com. Guillebeau is a long-time reader and supporter of GRS and one of J.D.’s good friends. You’ve probably heard the line about following your passion to the bank. Just do something you love and cash in…right? As an astute reader of Get Rich Slowly, chances are…

  • Book Review: The $100 Startup (31 comments)

    In March, I attended the SXSW Interactive Conference in Austin, Texas, and I had a chance to meet a few online personalities face-to-face, like former GRS staff writer Adam Baker of the Man vs. Debt blog. I also attended a session called The $100 Startup, a book reading led by Chris Guillebeau of The Art of Non-Conformity. Long-time readers know that J.D. and Chris are good friends, which is why J.D.’s not reviewing this book….

  • Reader Story: Starting a Successful Business as a Single Person (47 comments)

    This guest post from Kelly is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels of financial maturity and income. Want submit your own reader story? Here’s how. When I was younger, I’d always planned to be a professor in the social sciences field. I studied hard through college…

  • Are You Afraid to Earn More? (137 comments)

    This is a guest post from Rya Hristova. Rya had her reader story featured at Get Rich Slowly last year. She writes a Bulgarian personal-finance blog called kadebg.com. Did you grow up in a modest family? Walking to school or taking the bus instead of having your own car? Wearing clothes your siblings have grown out of, instead of getting designer clothes? Always trying to make do or do without? And now in your adult…

  • How to Make Money at the Farmers Market (49 comments)

    This is a guest post from Lee Doppelt and originally appeared on The Dollar Stretcher. You enjoy sauntering around your community’s farmers market each Saturday morning. Besides purchasing fresh produce, baked goods, and homemade crafts for gifts, you feel good about supporting local growers and producers. Additionally, it’s fun to meet friends at the market. The wood carving that you do is a fun hobby and friends have raved about your finished projects. They’ve encouraged…

  • Reader Story: Re-Evaluating the Rat Race (168 comments)

    This guest post from Joe is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Over the last year, some of my friends have left their day jobs to become a full-time bloggers. Their stories are inspirational, but their choice…

  • How and Why I Sold Get Rich Slowly (327 comments)

    When I started Get Rich Slowly — on 15 April 2006 — it made very little money. It earned a few pennies per day. Slowly, the income grew. A few pennies per day turned into a few dollars per day, and that turned into tens of dollars per day. Eventually I was making enough money from this site that I could quit my day job to blog full time. The last time I mentioned my…

  • Reader Story: Turning a Side Hustle into Self Employment (154 comments)

    This guest post from Crystal is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Crystal writes about finding the balance between paying the bills, saving for the future, and budgeting for the fun stuff at the aptly-titled Budgeting in…

  • Frugality Advice from Millionaires (59 comments)

    This is a guest post from Jaime Tardy of Eventual Millionaire. After paying off $70,000 and quitting a six-figure job, Jaime became a business coach. She also interviews millionaires every week for tips and advice. Jamie has appeared on CNN, MSNMoney.com, Fortune.com, Success Magazine, the Yahoo homepage, and more. Ever since I was little I’ve been curious about the idea of having one million dollars. My mom told me to marry a rich man (!),…

  • 5 Unusual Ways to Raise Successful Children (105 comments)

    This is a guest post from Natalie Peace of PeaceAndProfit.com. She is the author of 30 Keys to Building a Multi-Million Dollar Business: What They Didn’t Teach Me in Business School. Natalie is an entrepreneur, business coach, and she’s currently writing a book on how to start a wildly successful business. Looking at the businesses I’ve built, managed, and sold (worth $2 million) by the age of 30, I’ve been reflecting lately on what set…

  • Think Different: Teaching Kids to Be Entrepreneurs (62 comments)

    This article is from new staff writer Tim Sullivan. I remember when my parents gave me a raise in my allowance. I was seven and I went from $2 a week to $5 a week because I started doing my own laundry and washing my own dishes. I was so excited to be a model employee. I remember that day plotting out just how many extra GI Joes I could buy in a year and…

  • Reader Story: Using Small Income Streams to Fund Big Goals (90 comments)

    This guest post from Julie Mayfield is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. In 2006, Julie hired herself to save her family money, make extra money, and pay down debt, all while creating a life she loves. She blogs about her experiences at The Family CEO. I have great respect for small…

  • Hostels For Adults: Spend Travel Money Where it Counts (163 comments)

    This post is from new staff writer Sarah Gilbert. When I was 23, I stayed at my first (and last) Ritz Carlton, in Palo Alto. It was only a stop on a string of fabulous business hotels from which I’d collected small bars of soap and shoe shine mitts: The Breakers in Palm Beach, Hotel Nikko Beverly Hills, the Pierre and the Plaza and the Waldorf-Astoria and three different W Hotels in New York City…

  • Why Leaving My Job in Finance Was the Best Decision Ever (41 comments)

    This is a guest post from Sean Ogle, a former portfolio analyst who is now pursuing his goals of starting a business and seeing the world. Ogle writes about travel and entrepreneurship at Location 180. He also helps people build small businesses they can run from anywhere on earth at Location Rebel. This is my third guest post at Get Rich Slowly. The responses from my first two stories — Budgeting for a Lifestyle Change…

  • Compound Interest vs. Increased Income — Which Matters More? (54 comments)

    Like nearly everyone else on the internet, I’m a fan of xkcd, the nerdy webcomic from Randall Munroe. My wife, who’s a chemist, loves xkcd’s science episodes (such as this and this), while I like everything else (especially this and this). And let’s not forget the map of online communities! Many of you e-mailed to tell me that yesterday’s xkcd tackled a subject near and dear to our hearts: personal finance. Specifically, Munroe poked a…

  • An Introduction to Arbitrage: Using Craigslist to Make a Living (153 comments)

    On Saturday, I drove from Portland to Eugene to meet Jacob from Early Retirement Extreme. He’s on a mini road trip from the Bay Area, scouting Oregon for a place to live. Along with a few other ERE readers, I joined Jacob for a meet-up. (We also go to hang out with Jacob’s dog, Frank, who is so ugly he’s cute.) For those who don’t recall, Jacob is a theoretical physicist who applied his analytical…

  • Ask the Readers: How Can I Earn Extra Money? (122 comments)

    The realm of personal finance blogs is large. It’s filled with general money blogs like Five Cent Nickel and The Simple Dollar and Get Rich Slowly. But there are many smaller corners of this world where writers cover smaller pieces of the personal finance puzzle. For instance, there are: Investment blogs like Crawling Road, Oblivious Investor, and Seeking Alpha (which has grown beyond mere bloghood). Economics blogs like Greg Mankiw’s Blog, the always-awesome Marginal Revolution,…

  • How I Earn My Money (73 comments)

    A lot of what we write here at Get Rich Slowly is theoretical. “This is how you should do things,” we say. Or, sometimes, the articles are meant for inspiration: “Here are some great ideas for taking control of your finances!” We don’t write as often about the things we actually do with our own money. In the early days of the site, I shared many of my own experiences. I’ve gotten away from that…

  • Reader Story: How I Avoided Student Loans (101 comments)

    This guest post from Crystal is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Crystal writes about finding the balance between paying the bills, saving for the future, and budgeting for the fun stuff at the aptly-titled Budgeting…

  • Getting Paid to Tell Lies: Mystery Shopping as a Frugal Hack (61 comments)

    This post is from new GRS staff writer Donna Freedman. Donna writes the Living With Less personal finance column for MSN Money, and writes about frugality and intentional living at Surviving And Thriving. Two persistent rumors about mystery shopping: It’s a scam. It’s not a scam — and you can get rich doing it! Allow me to set these rumors to rest: Mystery shopping is not a scam. (Well, sometimes it is. More on that…

  • Earning Extra Income: Tips for Positive Cash Flow (50 comments)

    A few weeks ago, I shared a monster list of ways to make more money. These weren’t cheesy chores or slimy scams, but legitimate ways a person could earn extra income if they needed. Most of the suggestions were drawn from GRS reader stories, from my friends’ lives, or from my own experience. They’re ways real people make real money when times are tough. After I posted the list, though, I had a few people…

  • Make More Money: How to Supercharge Your Income (82 comments)

    Nearly every morning, I get up early to go exercise at the local Crossfit gym. While I wait for it to open at 6:30, I do laps around the cold, dark parking garage with my friend Dan. Sometimes we talk about money and how to make money. This morning, for example, Dan asked, “Do you ever feel like you’re not going to make it financially?” “I used to,” I said, “I worried about it all…

  • Living Like a Millionaire on Pennies a Day (41 comments)

    This is a guest post from Sean Ogle, a former portfolio analyst who is now pursuing his goals of starting a business and seeing the world. You can read more from him at Location180. You can also follow him on twitter @seanogle. Last fall, I quit my job. As nice as it was to have a steady paycheck and the prestige of being known as a “portfolio analyst”, there was one key component that was…

  • Reader Story: How We Became Reluctant Landlords (62 comments)

    This guest post from Jolyn is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. You can read more about Jolyn’s financial adventures at Budgets are the New Black. My husband and I bought our first home in Las…

  • Earning Extra Income with a (Small) Blog (44 comments)

    This is a guest post from Mike Piper, a long-time GRS reader and the author of Oblivious Investor, where he blogs about such thrilling topics as Roth IRA rules and 401k rollovers. Blogging is often touted as a means to earn some extra income. But many people believe that you need tens of thousands of people reading your blog everyday before you can make any real money from it. I can tell you from experience:…

  • Reader Story: I Paid for Graduate School by Renting out Rooms (49 comments)

    This guest post from Mike Choi is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. Almost two years ago, J.D. shared an “ask the readers” column about how to rent out your spare room. In that post, Penny…

  • Should I Sell My Car On eBay? (46 comments)

    This article is by staff writer Adam Baker. Follow Baker on Twitter @ManVsDebt or connect with him on Facebook. Over the last few months, I’ve spent countless hours researching the process of selling items online for a large project I’ve been compiling. It’s taught me that as much as I thought I knew about selling online, there’s so much more that I have no clue about! For example, a family member recently asked for my…

  • Reader Story: The Other Side of Bankruptcy (213 comments)

    This guest post from Shara is part of the “reader stories” feature here at Get Rich Slowly. Some stories contain general “how I did X” advice; others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity and with all sorts of incomes. J.D.’s note: Over the past couple of months, I’ve shared a couple of reader stories that involve bankruptcy or…

  • Reader Story: The $20 Challenge (45 comments)

    This guest post from Jessica is part of the “reader stories” feature here at Get Rich Slowly. Some reader stories contain general “how I did X” advice, and others are examples of how a GRS reader achieved financial success — or failure. These stories feature folks from all levels of financial maturity, and with all sorts of incomes. Note that Jessica won $500 in the GRS video contest for this success story. My husband Paul…

  • Calculating Your Life-Time Income (30 comments)

    This article is by staff writer Adam Baker. Baker recently released an online guide entitled, Unautomate Your Finances. J.D.’s note: According to Facebook, today is Baker’s birthday. Happy birthday, Adam! In continuing celebration of Financial Literacy Month, my GRS contributions throughout April are covering basic techniques to raise your financial awareness. Last week we covered a few methods of getting to know your debt. This week we’re going to attack the income side of the…

  • Want to Make Something by Hand? Sew Start, Already! (41 comments)

    This post is from GRS staff writer April Dykman. Recently, J.D. wrote about the value in finding something that you enjoy making by hand. As I read his post, I couldn’t help but to think about my mom, who is hands-down one of the craftiest, most creative people I know. (Yes, I’m biased, but everyone who knows her agrees.) While she can make just about anything — from floral arrangements to jewelry to gorgeous Christmas ornaments…

  • How I Generate Extra Income by Letting Strangers Pay My Rent (81 comments)

    This is a guest post from Rebecca Rosenfelt, the founder of RealSavvyRealEstate.com, a website devoted to demystifying the home buying process for first-time home buyers. I almost never pay the entirety of my rent. I don’t have roommates and I’ve never been evicted. In the four years I rented a one-bedroom New York City apartment, I paid the full rent only one month. I now own a condo in Portland, Oregon, and I almost never…

  • Book Review: The Other 8 Hours (75 comments)

    Before I started Get Rich Slowly, I was a slacker. I’d get up in the morning and drive to a job I hated where I gave almost no effort. When I came home in the evening, I’d fritter away my time: I watched TV, played Magic: The Gathering, and — most of all — whiled away the hours with World of Warcraft or other computer games. As I started my financial turnaround, I made a…

  • How to Turn Your Clutter Into Cash (39 comments)

    This is a guest post from Robert Brokamp of The Motley Fool. Robert is a Certified Financial Planner and the advisor for The Motley Fool’s Rule Your Retirement service. He contributes one new article to Get Rich Slowly every two weeks. To celebrate St. Patrick’s Day, this article is all about green: How to make more of it by selling your Stuff. Even though I can’t peer into your closets or surveil your garage (or…

  • Reader Story: Rental Properties for the Average Joe (84 comments)

    This guest post from Barry is part of a new feature here at Get Rich Slowly. Every Sunday will include a reader story (in the new “reader stories” category). Some will be general “how I did X” stories, and others will be examples of how a GRS reader achieved financial success. Barry’s post is also part of an accidental “real estate week” kicked off by Baker’s story. For years I’d heard the rental horror stories,…

  • How I Bought an 8-Unit Apartment Building with No Money Down and Walked Away with $1000 Cash at Closing (98 comments)

    This article is by staff writer Adam Baker. Baker recently outlined his ambitious 2010 goals for his blogging, business, and life. When I was 23, I bought an eight-unit apartment building with no money down. And I walked away with $1,000 cash at closing! Sounds pretty fancy, right? Wrong. It was one of the dumbest (and riskiest) moves I’ve made in my young life. I escaped without a scratch, but it was due to an…

  • Reader Story: Budgeting For a Lifestyle Change (41 comments)

    This is a guest post from Sean Ogle, a former portfolio analyst who is now pursuing his goals of starting a business and seeing the world. You can read more from him at Location180. You can also follow him on twitter @seanogle.  Have you ever thought about doing something different with your life? Maybe you’ve decided that you’d like to do more world traveling. Perhaps you want to explore that entrepreneurial idea that has always…

  • The Benefits of Starting a Side Business (83 comments)

    This is a guest post from Neal Frankle, a Certified Financial Planner and the blogger at The Wealth Pilgrim. Neal is a potential Staff Writer for Get Rich Slowly. For background on Neal’s personal story, check out his recent article about how he went from homeless to homeowner. You can start a business even if you don’t have any money. You should do it even if you don’t need to earn more money. I was…

  • How to budget for an irregular income (72 comments)

    I’ve been a full-time professional blogger for more than a year now. It has been a fantastic experience, a sort of dream come true. But blogging for dollars is not without its drawbacks. As I’ve shared before, I feel socially isolated. I spend most of my time in this office, writing about money. Also, the income can be irregular. For some bloggers, it is very irregular. One month you might have record earnings — and…

  • Employee or Entrepreneur? The Pros and Cons of Self-Employment (114 comments)

    In my recent review of Pam Slim’s Escape from Cubicle Nation, Chett left the following comment: I was talking with a good friend last week who is self-employed. I told him I envied his entrepreneurial spirit and the ability to “go it alone.” He told me he envied my work as a teacher and the set hours and guaranteed pay check and insurance. (I told him there was nothing “set” about the hours, so I…

  • Escape from Cubicle Nation (35 comments)

    Last Friday, I attended a workshop put on by Pamela Slim, who writes about entrepreneurship at Escape from Cubicle Nation. Before this meeting, I didn’t know much about Slim or her message, but her work came highly recommended from my friend, Chris Guillebeau. “Pam is the real deal,” he told me. “Her book is what a lot other books have tried to be.” Based on this recommendation, I drove to hear Slim speak. I was…

  • The Accidental Slumlord (47 comments)

    Several years ago — as I was clawing my way out of debt — I did a dumb thing and subscribed to Newsweek. I didn’t subscribe for just one year — I subscribed for four. As penance, I wrote an early GRS article about how having too many magazine subscriptions is un-frugal. Recently, though, I’ve come to love my Newsweek subscription. The magazine underwent a radical re-design last month, and jettisoned all of the stupid…

  • Turning Garage Sale Junk Into eBay Gold (50 comments)

    On Saturday night, I attended a party with some of my former high-school classmates. Many of the other guests were artists. I don’t know many artists, so it was fascinating to listen to their stories, especially about the economics of selling art during a recession. I learned a lot. Later in the evening, I spent some time chatting with my friend Jonathan. He asked me about the blog. “What are you going to write about…

  • Office Space: Why I Rented a Place to Write (75 comments)

    I recently leased office space for Get Rich Slowly. For about a year, I’d been working out of an office I’d created in one of our spare bedrooms. This seemed like an ideal solution: I was able to work from home (with my cat companions!) while utilizing empty space. In reality, this arrangement proved a blessing and a curse. Yes, it was convenient to have a home office. But I also found that the boundaries…

  • Starting a Business After a Job Loss (25 comments)

    This is a guest post from Matt, a long-time GRS reader. After earning a master’s degree in electrical engineering, my father joined a large technology company where he did quite well for himself. The company transferred him twice, requiring him to pick up and move his newly-created family across the country. Then he was laid off. Vowing never to let this happen again, he leveraged his network to recruit good people for a new electrical…

  • Ask the Readers: How to rent out your spare room? (124 comments)

    Last month, Alison from Diamond-Cut Life shared a guest post about providing lodging to a housemate in exchange for work (instead of rent). Her story prompted a number of readers to ask about the mechanics and practicalities of actually renting an extra room to generate income. For example, Penny wrote with the following: In August, my brother-in-law moved in with us. By December, he couldn’t find a job, so moved back out. While I had…

  • How to Decide If You Should Become an Entrepreneur (25 comments)

    This is a guest post from Tim Clark, who writes about money and meaning at Soul Shelter. In response to October’s quiz about entrepreneurial “types”, a reader named Pace posed some intriguing questions: What are the characteristics of successful entrepreneurs? Are they demographically different from unsuccessful entrepreneurs? Or is it all due to individual differences? At the heart of Pace’s inquiry, I think, is something many people long to know: How can I decide whether…

  • Book Review: Work the System (9 comments)

    J.D. is on vacation. This is a guest post from Winston, the Get Rich Slowly “intern”. Sam Carpenter has written an intriguing book about how his approach to owning and managing his telecommunications company in Central Oregon has changed dramatically to positively impact his life, both in immeasurable and measurable ways. Work The System: The Simple Mechanics of Working Less and Making More takes the reader through the first 15 years of Carpenter’s chaotic and…

  • 5 Tips for Starting a Small Business (31 comments)

    My friend Nicole and her family visited our house for breakfast this morning. She and her husband are the founders of Green Ronin, a Seattle-based game publisher. As we enjoyed a couple lovely hours outside at the picnic table, we chatted about life and work. We talked about what it’s like to own a small business. Because my father was a serial entrepreneur, I’ve spent most of my life around small businesses. Chris and Nicole…

  • The Non-Conformists’ Guide to Making Money (17 comments)

    This is a guest post from Chris Guillebeau at The Art of Non-Conformity. Last week he shared the non-conformists’ guide to personal finance. Today he follows up with thoughts on making money. Chris recently released a short (and free) e-book called A Brief Guide to World Domination. It’s all about rejecting mediocrity and pursuing a higher purpose. I recommend it highly. Working away from work I got my start as an entrepreneur completely by accident….

  • Patching the WordPress AnyResults.Net Hack (26 comments)

    This post has nothing to do with personal finance, yet it’s be important to many readers. Please ignore it if it doesn’t apply to you. It’s 2:30 a.m. I just spent the last eight hours tracking down an insidious hack that had affected all of my WordPress blogs except for Get Rich Slowly. This hack redirected search traffic from Google (and other sources) away from my blogs to AnyResults.Net and similar sites. Direct links were…

  • Going into Business? Keep your Personal Finances Safe (23 comments)

    This is a guest post from Chris Bibey, a full-time freelance writer offering tips and documenting his income at www.chrisblogging.com. Going into business for yourself can be a fun, enjoyable, and profitable experience. Still, you need to keep your personal finances safe no matter what career move you are making. If you’re not careful, you could jeopardize years of hard work and savings. This isn’t to say that you should stay away from starting your…

  • How I Became a Millionaire While Working in My Pajamas (106 comments)

    This is a guest post from the Millionaire Mommy Next Door. At her blog, MMND shares her recipe for success, happiness, and financial freedom. This piece originally appeared on her site in a slightly different format. When my husband and I married (at age 23), I was working as an office assistant at a veterinary hospital earning $7.50 per hour. Unsatisfied with my low wages, I brainstormed ways to generate extra income. Going to the…

  • How to Earn Extra Income Through Private Tutoring (38 comments)

    This is a guest post from Jeff Sackmann, a GMAT tutor based in New York City. Jeff runs the blog GMAT Hacks.  He is the author of The GMAT Math Bible and several other GMAT-related resources. Are you looking for a way to earn some extra money?  Did you do well in school, or on standardized tests?  Offering tutoring services may be a good bet for you. I’ve been a private tutor for the better…

  • The Incredible Secret Money Machine (24 comments)

    In 1978, Don Lancaster — a computer and electronics geek — published a book called The Incredible Secret Money Machine. Though the title smacks of get-rich-quick schemes, The Incredible Secret Money Machine is really about starting and running a small business. To Lancaster, a “money machine” is any venture that generates “nickels”. Nickels are small streams of revenue from individual customers. If your goal is simply to earn a comfortable income for yourself by doing…

  • How to list an eBay auction for maximum profit (39 comments)

    This is a guest post from Mike Panic, a freelance photographer and network administrator. In his spare time, Panic runs three sites: Randomn3ss, iPhotoForum, and iLikeCheapStuff. Over the past eight years I have been buying and selling items on eBay for myself and, more recently, for small businesses. In that time I’ve learned a few tricks to help get maximum profit for items with just a few tweaks during the listing process. Here’s a checklist…

  • More Money: 5 Ways to Earn Extra Cash in Your Spare Time (69 comments)

    The discussion yesterday about how to earn money when you’ve lost your job got me thinking about ways to earn extra income outside regular employment. None of these are quick fixes, but they’re ways to generate cash in your spare time. Get a second job vslide_var1 = ‘vslide-extracash’; A second job can be an excellent way to earn extra money if you have the time and energy. Why have a second job? To pay off…

  • Six Tips for Money-Making Hobbies (36 comments)

    You can make money from your hobby. Whether you knit, or write, or make photographs, or grow a vegetable garden, or tinker with cars, or build web sites, or collect ancient coins — you can make money from your hobby. I’m not saying it’s possible to get rich by playing your violin at weddings, or by weaving baskets from pine needles, but earning money from a hobby is a nice way to get paid for…

  • Money-Making Hobbies (from 1938) (21 comments)

    Note: For a modern look at this topic, check out six tips for money-making hobbies. What would Get Rich Slowly have been like if it were produced seventy years ago? Maybe something like this. (Or maybe not.) All text and illustrations from Money-Making Hobbies by A. Frederick Collins, published 1938 by D. Appleton-Century Company. I am not making this up. Enjoy! A Word to You It is my private opinion publicly expressed that there is…

  • Flipping Cars for Fun and Profit (140 comments)

    The No Limits Ladies have posted an article on how to flip cars — how to buy used cars for cheap and sell them again for a profit. I find used vehicles for sale, often times through Cars.com, and I price them using KBB.com. When I find one that I know is in more demand, with a motivated seller at or below private party pricing, I go look at it and sometimes buy it. Then…

  • Use Your Hobbies to Bring You Wealth (22 comments)

    Yesterday I shared the most important money tip: to gain wealth, you must spend less than you earn. Get Rich Slowly has covered many ways to reduce the spending side of the equation. But how can a person increase the earning side? Consider an entrepreneurial endeavor. Start a small business based around one of your hobbies. It’s not difficult to earn a couple thousand dollars each year doing something you love in your free time….