Last month, we talked about ways to cut back on expenses and save money. This month we’re showing you how to increase your cash flow and make your money work for you. Let’s jump in:

1. Pay Down Debt 

Interest adds up quickly. If you’re paying off school, credit, and car loans, it’s likely you’re throwing away a pretty penny’s worth in interest payments. One of the easiest ways to make your money work for you is by eliminating debt and using the money you save each month to go toward retirement and other expenses—like investing.

Your first order of business? Find out exactly how much you owe and to whom. Write it down. Once you know where you stand, it’ll be much easier to attack it.

Feel like you’re drowning in debt and there’s no way out? Check out these resources for some ideas on how to be debt-free, quicker: 

8 Surefire Ways to Get Rid of Debt ASAP

How to Get Out of Debt on Your Own

2. Invest in Index Funds

Beginning your investing journey can feel scary. Where do you start? What do you invest in? How do you figure out all the acronyms? 


My suggestion? Start with an index fund. Index funds are one of my favorite ways to invest. Why? Because they mimic a financial market index (like the S&P 500), which means less risk for you, broad market exposure, and a greater chance for success—oh, and they have extremely low fees. To start, call your financial advisor (or get one!) and tell them you’d like to hear more about their available products to see what aligns with your goals —then simply open an account and start investing! Voila, you’re an investor now. You can also attack investing on your own, but be sure you do your research. I have a mix of products — the majority through my financial advisor + a few of my own investments through Fidelity. Diversity your money and decide where you need someone else’s expertise, error on the side of often when you are just beginning to invest in the market. 

3. Dive into Real Estate

What kind of realtor would I be if I didn’t let you in on a secret: There’s a lot of money in real estate investing.

People will always need shelter, which is why using real estate as a way to increase your cash flow can be a great idea—as long as you have the right agent to advise you, because it can be risky. What are your avenues for making money? 

  • Own your home and build equity 
  • Own rental property: multi-family property (duplex, 4-plex, apartment building), single family home, Air Bnb, etc. 
  • Flip and sell: You see it on HGTV all the time—you won’t see the same inflated returns, but it is definitely worth your while

Interested in learning more? Give me a call or shoot me an email. 

4. Venture into Entrepreneurship 

Forget about your day job for a second and find a way to turn your real dream into a reality. If you’ve got a great idea worth sharing—share it! People pay for quality things and services and if you’ve got either one, it’s worth a shot. 

Maybe you’re a great baker and your friends are always asking for your recipes. Start selling cupcakes and catering parties. If you’re passionate about a skill, offer to be a coach or mentor in that area. Love cleaning? Start cleaning homes and businesses. The opportunities are endless. 

If you love it and you’re good at it, you can turn it into an income stream. 

5. Save Smarter 

Typical savings accounts offer pretty low interest rates (less than 1%), which means you’re missing out on a lot of free money. There’s a simple solution: High-Yield Savings Accounts. They’re typically online—which saves the bank money on rent and overhead costs and allows them to offer higher rates. A few of my favorites: Ally and Marcus

Two more ways to save smarter and increase your cash flow:

  1. Take advantage of your company’s 401(k) match—don’t leave free money on the table
  2. Make saving automatic—set up your account so that each month a certain amount goes straight into savings

There are endless ways to make your money work harder so you don’t have to. Once you’ve mastered all 5 of these, you can take them to the next level—and go on all the vacations you want. 

Helping people build wealth and turn their dreams into reality is what I’m passionate about. If you build wealth the right way, life gets a whole lot easier and more enjoyable. Like always, if you have questions—I have answers. I’m here to be your resource and partner. Let’s get started.

All my best,