Dec 25, 2018

5 Ways to Boost Your Monthly Income If You Want To Be Richer

Let’s face it. Money might not exactly make the world go around but it is a very important thing to consider in our day to day lives.

With the constant increase in the prices of goods and services, you may find yourself asking, “how exactly can I have enough budget for everything?” No worries because here are five ways on how you can earn some extra cash:

1. Do Freelance Work and Side-gigs

”Reap what you sow” is such a cliche but that doesn’t mean it isn't true. The best way to increase your income is to look for other sources such as side jobs that you can work on to earn more. Just make sure that you set your priorities straight and not fall behind on your day job. Don't overwork yourself either because at the end of the day, your health should never be compromised for anything.

2. Pursue Higher Education

Improving your “career-worth” also goes a long way! Invest in yourself by attending seminars, trainings, enrolling on a second course, or even taking up post-graduate studies. It will not only look on paper but also because it gives you an edge among others, which equates to greater monetary equivalent in the long run.

3. Ask and You Shall Receive

While this is not a hundred percent guarantee, you’ll never know until you try, right? Have “The Talk” with your superior and don’t be afraid to bring up the raise or promotion that was promised way back especially if you know that you’ve worked for it. Know what you deserve and get compensated fairly.

4. Monthly Purging

With the emerging trend of online shops and secondhand groups, you can sell things that you don't use anymore every end of the month. Just snap a quick photo and write a brief description then you're good to go!

If you want to go traditional, you can always set up a garage sale and invite people! Either way, you cleaned up unnecessary clutter in your room and got extra spending money at the same time. Win-win, right?

5. Invest

Play the long game and set up some investments! Although you might not exactly feel its effects immediately, it’s a good way to ensure that your money does not remain stagnant in your bank account. Watch your money grow without exerting too much effort and see its results after a few years. Definitely worth it!

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Dec 25, 2018