With the ever-rising
prices, the salary increase seems just about okay
Our
lifestyle remains the same as it was and we continue to live in hope that our
future earnings will be MORE than our future expenses and our lifestyle will
become better than our neighbors and cousins!
And the
cycle continues.
Instead of
getting desperate and getting stressful, try out the simple easy methods which
we have highlighted here and we are sure you will see a definite spike in your
income and sure enough, in your lifestyle too.
So, ready?
Here we go
1. ASK FOR A RAISE IN SALARY
The majority of
salaried do not ask for a raise in salary due to fear of losing a job / getting
into the bad books of the boss, etc
But, asking for a raise is not a wrong thing, and do not hesitate to ask
(would say, request) for a better salary.
Especially if you are doing more than decent work and are due for a raise and have
been working in the same position for some years now.
BTW, you should at the same time be ready to shoulder higher responsibility and
maybe more work.
2. RENT YOUR CAR
We tend to buy
cars mainly to show off to our neighbors and relatives and under peer pressure.
After the initial enthusiasm of purchasing the car, it stays in the garage for days
together making an odd outing once in a month or so.
You can put your car to good use by sighing for a co-rent service and earn money from the same.
This way, even your car will be in good shape as the battery and other components don't go flat due to lack of use.
Especially, if you are going on a long holiday or having to work from another city for a lengthy time, renting your car makes a definite sense.
Of course, make sure that your car is always in good condition so that it
fetches good rent.
3. CREDIT & DEBIT CARD POINTS
If you are a
regular user of Credit Card & Debit cards, you would be receiving reward
points regularly. You can have these reward points converted to CASH and
increase your income.
If your debit card does not give you reward points, consider changing your bank. Many banks now give good reward points on the usage of debit cards.
And regarding credit cards, do not credit cards unless you are regular in paying off the pending bills on time
An added advantage of Credit Cards is that many companies give extra discounts while using Credit cards
4. SAVING IS EARNING
Pay off your
DEBT starting with the one which has the HIGHEST INTEREST OUTGO (credit card)
Money saved is money earned.
Being in debt is also a matter of stress.
You can also REPLACE the high-interest outgo debt with lower interest.
check for options with your banker and also take the help of a Financial Expert on this
You can also use GENERIC medicine instead of Branded ones to save on costs
Shopping at Wholesale results in not only saving of time but even costs.
Have a look at this article
http://www.goodfundsadvisor.in/2017/04/rupee-saved-is-rupee-earned.html
5. SELL USED ITEMS
Yes. Without your knowledge, you would have accumulated many items which you would have bought for fancy or peer
pressure and not using now.
Selling this will not only reduce clutter but also increase your income
6. USE YOUR HOBBY TO EARN MORE
Your hobby could
help you earn money
If your hobby is to love teaching or making cakes, it could help you in not only
spending quality time but also earning money from doing a work which you
actually like doing.
7. RENT YOUR EMPTY ROOM
Just like
renting your car is an option to earn a higher income, so too could be your extra
room.
You can always give it for rent
If you don’t want to give for long rent, you can consider giving for
shorter ones like a family holiday.
Companies like AIRBNB find customers for your room and pay you to rent.
8. GIVE SPACE FOR Ads
You can give
space on your balcony/terrace & even your vehicle too for companies to
advertise their products.
Some permission could be required when it is your building but this too is a great way to EARN MORE besides your salary.
You will get monthly revenue and it keeps increasing.
9. PART-TIME JOB
This is the last
option that almost everyone looks at
I personally do not recommend this as you would already be tired at your
main job and to earn a few rupees more, you would be stretching your body, and mind.
Part-time job gives very less pay, no employee benefits and does not make sense at all.
Besides, you would be away from your family for a further 2-3 hours
And we should not forget that whatever we are doing, it's ultimately to see our family happy and if you are not there with then there is no point in earning extra.
To be fair, the opportunities to increase your income, (just like opportunities
to spend) are limitless
We need to identify the one to which we can relate and focus on that.
Ultimately, what matters is SELF SATISFACTION and this comes when you have ZERO
DEBT and, on the way, to a STRESS-FREE RETIREMENT LIFE for which a good big money
bag is inevitable.
The majority of
people do not earn extra as their focus is on REDUCING EXPENSES where the scope
is limited
But turn
your focus into EARNING where the scope is UNLIMITED.
Regards
All the best
Srikanth Matrubai
Author –
DON’T RETIRE RICH
All the best,
Regards,
Srikanth Matrubai
https://t.me/joinchat/AAAAAELl4KUnaJzi-JJlDg/
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