Free Money Finance: Three Easiest Ways to Earn More Money
July 22, 2010 | 
Author
1. Your career. You can do a lot to make more money from your career — ask for a raise, get a promotion, or change jobs/companies (which usually comes with a pay raise.) In addition, the one thing I like best about this tip is that the gains are cumulative — a 6% raise this year is on top of the 5% raise last year and on and on. They build upon each other over time and thus can have a huge impact on what you earn. The keys to being successful in this area are demonstrating that you deserve more money and marketing yourself appropriately. And remember, you’ll have some years where you get minimal raises, but others where they can be much bigger. Hopefully they work together to give you a good average increase through the years of your career.
2. Create your own side business. The two best sources for what sort of business you might be able to create are 1. what you do in your current job (you could turn these into consulting, freelance, or teaching jobs) and 2. your hobbies (think bike repair, creating and selling crafts, dog sitting for pet lovers, etc.) This will take more effort for less reward than #1, but once you build up the business, you can generate a good side income. In addition, it could eventually grow to the point where it replaces your current job.
3. Maximizing your investments. This may not seem like a great way to earn more money (or grow your wealth, if you prefer since much of the gain could be in price appreciation), but it can be a significant source for growing your net worth. Simply earning an extra 1% on your investments versus what you currently get will make HUGE difference in what you earn. How do you do this? Be sure you select the proper asset allocation (4 rules for asset allocation can be found here) and you regularly rebalance your investments (more on this here, here, and here). If you’ve done those things and still would like to do more, the best way to do so is also the easiest: save more and do it now. Yep, TIME is actually the #1 factor in making the most of your investments. Thus the old adage, “save early and save often.”
Posted in Make Money
Similar articles
- Realty Times – 7
The market has cooled in various cities across the country and fair weather investors are starting to worry about how they’ll be able to make money now that their houses aren’t escalating at astronomical rates. I just have to say to these folks — breathe. If all you want to do in real estate
... - Ways to Make Extra Money
The Internet offers great chances for part time workers, like for free lancers. Even the big companies are searching outside free lancers to do the jobs. When we think, that the Net is a huge global network, we can imagine, how much work and chances are available. 1. The Purpose Creates The Work Motivation. Many
... - Multiple Income Streams: 10 Ways to Earn Extra Income
Generating multiple streams of income can have a major impact on your finances. Even an extra income of $500 each month could go a long way to paying down debt or increasing your investments. We often hear about the importance of diversifying our investments, but diversifying our income streams is just as important, particularly
... - Free Money Finance: The Ten Worst Money Mistakes Anyone Can Make
If you enjoy this post and would like to receive free, daily suggestions on how to grow your net worth, you can subscribe to Free Money Finance using your feedreader and this link or get daily email updates using this link. I’ve said many times that success in managing personal finances
... - How To Make Extra Money With A Second Job
One of the top ways to save money for your house is to get a second supplemental job either on the weekends or at night, on top of your regular job. I’m not going to lie to you, this is one my more difficult recommendations. Who wants to work even more hours on top
...