Step 6: Take big steps to grow your income.
Dan is coaching baseball at the school where he teaches, for an additional $1,300. Every summer, Dan runs a lawn care business. This year he's adding customers and raising rates by 10 percent, which will lead to about $4,000 in additional income. A part-time gig painting houses is also helping Dan bring in extra cash—he made $200 already, and has more jobs lined up.
Sally is finding new ways to earn money, too. Sally plans to teach summer school, for an additional $2,500 in income. She's also making extra cash by selling items like old clothes on eBay—she's made $150 so far, and has lots more to go!