Finding the Hidden Wealth in Your Home

At a time when we are continually being bombarded by daily reminders of the cost of living crisis and looming recessions, it is more important than ever to tap into your inner resourcefulness and creativity, when it comes to unlocking the hidden wealth that surrounds you already.

Creating true wealth, and welcoming in abundance and overflow, starts with understanding that there is no such thing as lack, and that you are surrounded by opportunities to make and multiply your money at any moment.

Below are some examples of resourceful ways that I have created additional money in the past.  

Don't be afraid to negotiate

Whether you are agreeing on a sale price, or rent for your new property, do not be afraid to negotiate. When moving into a house that needed a lot of redecoration, due to wear and tear from the previous tenants (students), I secured a £500 a month discount from my landlord, by offering to do the redecoration myself. As the saying goes, if you don't ask, you don't get, and its important to identify areas where you can leverage your power as someone who can move quickly, exchange services etc. 

Maximising every square inch 

I make sure to maximise every square inch of my property by renting out a second space on my driveway to a local business owner who does not want to pay for hefty permit parking fees. An added bonus is that the driveway is then only used during week day working hours, so still free for guests when family come over at weekends. Unused car parking spaces and empty garages all have value and can add a monthly bonus revenue to your household. Websites such as https://www.parkonmydrive.com/ can help you with this.

Rent out your spare bedroom

Before having my fourth baby I rented out my spare room to an incredibly sweet student who wanted affordable accommodation in a safe family home, while studying abroad in the UK. This gave me hundreds of pounds in extra income each month, for a room that I wasn't using anyway. https://www.spareroom.co.uk/earn

Let your holidays pay for themselves 

I have a dream family holiday booked for 2023, so I will be offsetting the cost of our family flights, by listing our home on Air BnB and renting it out while we are gone. I will also be shopping around, leveraging cashback sites and using airmiles that I have earned throughout the year.  

Be rewarded for your every day bills 

Its important to be savvy when committing to your every day household bills and ensuring, not only that you shop around to make sure you have the best deals, but also ensure you receive 'cash back' for every purchase. Website such as www.topcashback.co.uk are ideal to compare prices for everything from your energy supplier to TV services and home insurance, whilst also rewarding you with actual cash that you can swap for store vouchers or pay as a transfer into your bank account. I earned £350 once while on maternity leave by renewing everything from my pet and home insurance to Sky TV and utilities providers. 

Sell unwanted items 

In order to create new abundance, you need to create space to receive it. I actively encourage my clients to sort through unwanted or outdated items in their home and wardrobe and sell or donate anything that they no longer need. Facebook market place, Twig, Vinted and Gumtree are perfect for this. Incrementally upgrading items and removing scarcity signals (things that you ‘put up with’ but ultimately remind you that you are not yet in the financial place that you want to be) is a great symbolic act that are worthy of more.

Be paid to watch TV

Did you know that you can be rewarded, just by having a monitor attached to your TV that tracks the programs that you watch?. In return, you receive reward points that can be exchanged for vouchers for high street retailers. All you need to do is log in every time you switch on, the kids have their own Avatars and love to check us all in during move nights.  

Action Step – Brainstorm 20 ways to create more money TODAY and let me know in the comments below what you add to your list. This is just one of the activities I take my clients through inside the Millionaire Mindset Bootcamp program, which is the ultimate money mindset and wealth creation program.