If you are looking to become financially independent in a year you need a strategy that combines reducing your outgoings, brings in extra income and clears any debts.
Earning extra income needs to be seen as one part of this package (unless you can earn serious amounts very quickly) and how feasible it is depends on your skills.
Some jobs are extremely demanding, come up on an irregular basis and are very well paid.
If you have specialist skills in areas such as disaster recovery and management you may be able to earn a lot quickly.
Thus if a financial company has lost its main IT system they will be prepared to pay well to people with the ability to mitigate their losses and recover the lost information.
For most people though, the options to earn extra income are real but the amount is likely to be limited.
Nonetheless a strategy of looking for as much new income as you can is a way to end up with a reasonable increase in your overall income.
Options include part time work, selling items on line, acting as a mystery shopper, becoming a film extra or entering online competitions.
The goal is to earn as much from as wide a range of activities as possible.
Each individual piece of extra income may be small but in combination the increase in your income will be essential in reaching your goal of financial independence.
All these work has to be done part time which can be extremely difficult and can leave you wanting to quit in every opportunity you get.
The best low investment strategy has been researched and implemented.
It is working at home mainly buying $1 dollar notes for 60 cents or even as low as 40 cents.
The incredible news is that it can be done for as little as 2 hours a day.
This extra income, combined with reducing your expenditure will assist in your goal of becoming financially independent in a year.