If you’re anything like me, then the idea of buying a brand new dirt bike can almost seem impossible with a $10,000 plus price tag.
If you work a regular job with a standard income, it’s no easy feat to come up with that type of money in a short period of time.
I used to think buying a brand new motorbike was so far-fetched, but that was until about a year go when I discovered a few ways to save and earn enough money to fund a new Honda CRF450R in just one month.
Now this isn’t some pyramid scheme of how to come up with over $10,000 to buy a bike, these are the genuine and legal ways that I used to make it happen outside of my regular income.
I should probably start by saying it’s definitely not a walk in a park, and the month or so it took me to make some extra money absolutely sucked. But I wanted a new bike so badly, so it was well worth it.
Now there are three key ways I was able to come up with the money in such a short period of time, so I’ll start with the first two which are pretty simple, followed by what was the game changer for me.
CUT SPENDING HABITS
So the first technique is pretty boring and quite obvious, but it’s cutting back on spending habits.
This is going to be different for everyone, and maybe you’re already doing this - but it’s definitely a way that helped me buy my new bike.
I was someone who used to spend a fair amount of money on things I didn’t need, such as buying a coffee every morning, buying lunch every day and going out to dinner a couple of times of a week.
I basically started making my own coffee and lunches, and significantly cut out going for dinner. I also cut out any other activities that would cost me money like travelling or going to events, and I was able to save around $1000 over a month.
This is actually one of the hardest things to do, because I definitely didn’t like having to make my own food and coffee all the time, and also knocking back social outings to save the $30 to $50 a may have spent was tough.
Thankfully, it was only for a month, but I’ve also carried on some of those new habits now.
FIND EXTRA WORK
The second way I was able to buy my bike in a month was finding extra work on top of my regular 9-5.
Again, everyone’s situation is different and maybe you simply can’t do extra work because of other commitments, and that’s completely understandable.
I’m pretty lucky in the fact that I can work the camera, so outside of writing articles all day, I tried to book in photoshoots where I could to make some extra money.
Any extra work that came way, I took it on - it actually worked out well with what I said in the previous point of where I gave up social outings to save money, because the extra work was able to fill up that time.
Now you might be thinking my job doesn’t allow me to do any overtime, or I don’t have any skills that can make me money outside of my regular work hours.
If that’s your situation, there’s the possibility of finding casual weekend work - it could be anything from labouring to working in retail, and you can sometimes find one-off jobs like this on classified websites.
It’s not the most pleasing thing to do, but if you want a new bike badly enough, you’ll suck it up.
Through finding extra work, I was able to make around $1000 extra in a month, and that’s probably at the lower end because I think I could’ve done more work than what I actually did.
That brings the tally to around $2000, so now you’re probably asking where I got the remaining $8000. This brings me to the final technique I used, and that’s selling stuff.
I found the most success in selling things I had bought over the years and were just collecting dust around the house - if it wasn’t for this technique, I wouldn’t have been able to buy my bike in such a short period of time.
This is actually what took up the most amount of time as well, because I was constantly meeting up with buyers through classified sites and items at the post office.
I sold things like old motocross gear and parts, electronics I wasn’t using, gaming systems and games, and also things like sunglasses and apparel - I sold everything I wasn’t using.
I also sold things on behalf of people because I didn’t even have enough of my own stuff to sell - this is something everyone can do as well. I was lucky my parents had a few things sitting around, and I was able to sell them and take a cut of the earnings.
Some items I were selling were just $50, and some were $500 - so every dollar counts, even when small ticket items don’t seem worthwhile.
I managed to make around $3000 in the bits and pieces, while I also had a motorbike to sell, which I was able to also sell for $3000.
So all in all, I came up with $6000 in selling items online, bringing the total to $8000. I topped up the final amount by using my savings, and since I needed $2000, it made a smaller impact on my bank account if I hadn’t of used these techniques.
So the three techniques I used to buy my bike were cutting spending habits, finding extra work or income, and selling items I no longer used.
Like I said, it was no easy task doing this - it felt like the longest month, but it was totally worth it when I rolled that bike out of the dealership and took it to the track for the first time.
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