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Two Ways to Instantly Increase Cash Flow

Posted By: Chad Sunyich | Posted On: 2008-09-04 | Article ID: 91048

Included are two guaranteed ways to instantly increase your cash flow. Utilizing just one of the methods below will increase your monthly cash flow by a minimum of $250 and well over $500 per month if using both techniques. These methods are safe and effective; however, there are a few simple rules that you must follow to ensure your success.

The first wealth creation technique gives you more money on your very next paycheck by simply increasing the number of exemptions that you are claiming with your employer. So for example, if you are currently claiming you, your wife and one child, you would raise your exemptions from three to seven. If you are single and only claiming yourself, then you would increase your claimed exemptions to five. This will vastly increase your net take home pay by reducing the amount of taxes deducted from your pay check each month. To find out exactly how much you can increase your net take-home pay, visit www.fincalc.com and select the ‘calculators’ button at the top of the page.

After increasing your exemptions, the next step is to make sure that you are offsetting any added tax liability on the extra money you are receiving in the form of business deductions. For example, if you increased your exemptions and created an additional $200 in net take-home pay, then to offset any additional tax liabilities at the end of the year, you will also need to increase your business tax deductions. As a general rule, business deductions must exceed your increased take home pay by three to four times. Or, in other words, for every one dollar you make in extra cash flow from increasing your exemptions, you will need to deduct $3.00 to $4.00 in business expenses.

As a word of caution, you will need to keep a detailed ledger to make sure that expenses are keeping up with the amount of extra money you are receiving. If your monthly business expenses are not equal to or greater than the extra money you are receiving, then you should lower your exemptions immediately.

The second cash creating technique involves selling your plasma as a way to supplement your income or to make a few extra dollars to carry you over during hard times. You can make between $20 and $35 per visit and you can give plasma twice in a 7 day period, which equals around $200 to $300 per month in extra cash flow! Not a bad way to cover your extra cell phone minutes, added fuel costs or even payoff high interest debt.

Most families need an extra $200 per month to carry them over during hard times, and many must rely on title loans, payday loans, signature loans, etc. to help make ends meet, often paying a minimum of 24% interest on the borrowed money. Donating plasma is a quick, safe and free way to get a few hundred dollars when you need it most.

 

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About The Author
Chad Sunyich
The author Chad Sunyich says here about two safe and effective ways to instantly increase your Cash Flow. He has few simple rules that shall help you on wealth creation technique and cash creating technique. Find more information on real estate, cash flow management, wealth, cash flow at w



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