Dollars and cents aren’t the only currency. Long before there was money, there was bartering - the exchange of one service for another. So if you have a trade or skill, why not use it to achieve your goals?
I’ve never been good at asking for favours. If my car was playing up, I would never feel comfortable asking a mechanic friend if they would mind taking a look at it for me. However, if there’s something I can offer them in return, then it’s a whole different story! And it could be a quite attractive option for anyone who is wanting to save on their tax.
The key to successful bartering is to:
1. Know the value of the service/product you are looking for.
2. Know the value of the service/product you are offering.
3. Offer a comparable value in return.
For instance, you could offer a basket of ironing, for a basket of fresh veges. They service your car, you clean their house. It all depends on what you’re best at and what they need.
If you don’t have a friend or a “friend of a friend” who has the skill you are looking for (or you’d prefer to keep your friendships and your business separate), there is a website called Trade to Save that has a formalised system you can tap into, with the opportunity to trade using products, services or accommodation. It may just open up a whole new world of opportunity to save your cash and spend your energy and skill instead.
Alternatively, why not check your local newspaper – if they don’t generally have a “To Swap” or “To Trade” column in their classifieds, just ask them, it’s easy enough to put one in and you can begin trading locally, you might start a whole new trend in your neighbourhood!
Mary Holm: Get Rich Slow: How to Grow Your Wealth the Safe and Savvy Way
Martin Hawes: Twenty Good Summers: Work Less, Live More and Make the Most of Your Money
Liz Koh: Your Money Personality: Unlock the Secret to a Rich and Happy Life
Martin Hawes and Joan Baker: : Coach Yourself to Wealth: Live the Life You Want
Anton Nadilo and Andrew Lendnal: Budget Wise, Dollar Rich: The New Zealand Guide