Posts Tagged ‘Etsy’

Mission Possible: Get More Money

March 12th, 2010

stack of moneyHere we are working diligently to get our financial lives in order; we have filled in the black holes, made a workable budget and now to speed up the whole process we need to make more money. There are lots of ways you can add to your income.  Below are a few ideas, please leave a comment if you have any others.

Sell stuff – I adore Ebay.  I went through my flat and made a stack of things that I could definitely live without.  Some of these included: beautiful high heels that I never wore, collectible fashion magazines that were collecting dust, designer clothes that don’t fit anymore and that is just the tip of the iceberg.  I did my Ebay selling a few months ago and I don’t miss a thing.  I am planning another rummage to get rid of some more.   My new mantra is minimalism is fun.

Get a second job – This one is a bit difficult if you work a normal 40 ( then adding travel 50) hour week as so many of us do. So after listening to many podcasts on making money, I think the best thing is to have a sleeping business.  What the heck is a sleeping business, you ask?  It is where you have a business that you don’t have to be in a specific place at a specific time.  Wealthy people usually have property or stock as their sleeping business, but since I am not wealthy (yet) I have buttons.

Ages ago I did a post on having an Etsy shop and how it was a bit more work than I had thought.  In short, I was making earrings so I had to design them, source the parts then photograph the product and write a description.  It really was not so bad, but unfortunately, about a million other people were doing the same thing. Then a light bulb went off when I found a source for gorgeous vintage buttons.  There were a lot less people selling buttons and they have sold well with much less work on my part.

There must be countless things you can do without having to exchange a precise amount of time for a specific amount of money.  Ebooks come to mind as does teaching if you have a marketable skill, do you have any other ideas for sleeping businesses?

Give something up – many moons ago I used to smoke and when I quit I was in a state of constant surprise that I had more money in my pocket than I expected.  Once a habit becomes a habit you don’t notice how much money you are giving to that habit.   Have you ever given up a habit and found yourself much better off financially?  Do tell.

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Stealing from Peter to Pay Paul, Intelligently

July 14th, 2009

money juggling

I have a confession to make, July is a rubbish month for me and money.  As a freelancer, I know that money comes in waves.  In the past, I have let July sneak up on me and then I have had to do a mad scramble to pay my bills.  Now to avoid that stress in May, I put in my On-line diary to save up for July so I remember.

Unfortunately there are always times when we will have to scrabble for money and if you a smart about it won’t cost you a fortune in fees.  I am not condoning being unprepared but sometimes needs must.

I do my money juggling in a couple of ways – I am an Expat, so I still maintain a bank account in the US.  I have done some research and found out that most banks have special relationships with other banks.  For instance, if you bank with Bank of America then you can get money out of the Barclay’s cash point for no charge.  Which is good to know whether you are moving funds or just on holiday.

I also use Paypal to move my money.  In general, when I sell items on Etsy in dollars I move that money into my US reserve account to save paying for the exchange rate to convert it into Pound Sterling.  Then if I am selling items for Sterling on Ebay, I move that money into my British account.  The other thing I do, is hedge my bets, if I am going to need some funds in the very near future I leave them in my Paypal account until I do.  I know Paypal does not pay interest but sometimes you need to account for the time it takes to do the transfer.  Paypal takes about 5 working days to get your money moved into your account.

I am sure that you, my lovely readers know some other tricks to moving your money around so drop me a line.  I must stress that I NEVER use a cash until payday loan!

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Minimalists VS the Crafties

July 7th, 2009
Zen

Minimalist

crafts

Crafties

Every day I read a selection of frugality based Personal Finance blogs, besides the general topics of getting out of debt, building wealth and preparing for a financially sounder future, they usually write about their leisure pursuits and philosophies.  The authors seem to fall into two separate philosophical camps the Minimalists and the Crafties.

The Minimalists are all for de-cluttering their homes and their lives. They are very Zen. I imagine their homes to be very white and hyper tidy. In the Minimalist camp there are several great blogs/websites that will help you figure out how to get rid of your clutter, such as UncluttererZen Habits can guide you through how to work more efficiently with less stuff. And for you Minimalists in training, there is Becoming Minimalist for all your minimalism questions.

The Crafties are a slightly different group in my eyes.  They are into using their spare time to put their talents to good use, by making jewellery, vintage hunting, knitting and sewing then selling their wares on Etsy and the like. I think of their homes as been warm and comfy, possibly with pets running around.  Being a Crafty person is now on trend and fits well into the Personal Finance realm because you can make money from your skills.  Sian at Walletpop UK has just written a great series of posts about opening her Etsy shop.  There are several other great crafty, DIY websites such as CraftsterMake it and Mend it and if you are interested in learning to be a Crafty then try Create Boutique.

My big question is can a Crafty ever be Minimalist and vice versa?  I would love to live a life of a Minimalist but I am afraid that I have the soul of a Crafty. I have an Etsy store, where I sell my handmade crystal earrings, vintage buttons and any other vintage stuff that comes my way.  The problem is deep inside I would like to be a Minimalist but it is nearly impossible with all the paraphernalia I have.

Which side of the fence are you sitting on?  Do you like all your surfaces clean with no clutter or are you someone that always has a project on the go?

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