I figured that with as much as I've written about what you should do when you're broke, it's probably time that I share my methods. I don't do anything that I wouldn't share with you, so here it goes...
First and foremost, I've been pretty bad with money my whole life and gone from rags to semi-riches and right back again. I seem to have a special sense for when things are going to turn sour. My psychic sense tells me that I need to start gearing up for being broke and I immediately stop spending money. I run off the basics for a little while. This includes riding my bike, bringing my lunch to work, etc.
When I need to get money, my first move is to downsize. I find anything that I have that could be worth money and either head to the pawn shop or throw it on eBay. I've had good success with both, so I can't say which is going to work better for you.
After I've drained that well, I turn to my friends to babysit their kids. I've done this off and on for years, so they trust me and know that I'm a great babysitter - even though I don't have kids of my own. This can usually get me out of trouble by adding $5-600 to my pocket's bottom line in a week or so.
If I'm still short, it's time for a payday loan!
I've followed these methods for years, and never been so down that they couldn't get me out.
Friday, September 25, 2009
What I Do When I'm Broke
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