Paying off debt takes time. The more income that you bring in, the easier it goes. Most of us will have a job of some sort, but it will not always be enough to make meaningful progress. This is why I started looking for ways to come up with online earnings.
I’ve been making money every single month for more than six years. Some months, it’s a small trickle. In others, it’s a nice chunk of change. This online income has allowed me to keep afloat during grad school. It’s allowed me to get ahead some months. It also allows me to pay off my debt from grad school.
November was my lowest month in terms of online income for the year, but since my last update on paying off my online earnings, I’ve added $165 to the payoff. While it was a little less than I paid off in October, this is more than double the minimum payment, and it drops my total down below $7,800. I’ve paid off nearly $1,000 in less than six months, just from my online income.
I should be able to pay off even more before the January statement gets cut. My online income allow me to pay this off. Hopefully, I can get the debt paid off quickly.
Online Earnings Also Allow for Investments
I also put a few bucks here and there toward my IRA account during the statement period. While the $15 I saved might not seem like much, and it isn’t, it’s still something. If I can put something to the IRA each and every month, it will add to my dividend income and allow me to make more frequent purchases.
Paying off debt and putting month toward investments each and every month is a worthy goal, and if I can keep it up, I should be able to accomplish this goal within a relatively short period of time.
If you’re wondering about the methods I use to make money online, you can check out some of my previous online earnings reports, like this one from October. I’d love to hear from others who are using their side hustle income to pay off debt over time. Let me know in the comments.
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