Let's face it, we could all use a little extra cash in our pockets. Whether you want to save up for a dream holiday or just need to pay the bills, there are plenty of ways to increase your income. Some are easy, some are hard - but the main thing is that we got options.
First things first, try to increase your primary source of income. Start at the start - dont be afraid to negotiate your pay. Did you know that according to a recent survey, over 60% of people didn't negotiate their salary when starting a new job? Crazy, right? Don't make this mistake.
Do your research, know your worth, and don't be afraid to ask for what you deserve. Remember, you're not just negotiating for your current salary, but for your future earning potential as well.
Been in your job a while? Remember this. It costs a lot for employers to recruit new talent - so the odds are in your favour if you ask for more money. Make it easier for them to say yes: can you see an opportunity at work to gain more responsibility? If you're adding more value, you have a right to ask for more money. Have the conversation!
So that's our primary source of income covered. How else can we make more money?
Another option to consider is freelancing or starting a side hustle. Do you have a skill or talent that you could make a profit from? Whether it's graphic design, writing, or even dog walking, there are plenty of opportunities to earn extra money outside of your regular 9-5 job. Don't worry if you can't think of a skill - anyone can house sit, look after pets or help with cleaning.
You don't need to go straight for the sexy stuff like content creation or tech. If you do, remember that you will need to invest a lot of time - unpaid - to get to a point where you are making good money. It's doable, but it can be tough. Lean on what you're good at, what energises you, and what can make money that's worth your time. What do other people say you're good at? What do you enjoy doing or what are you good at, that you could make money from?
Lastly, invest in yourself. Take courses to learn new skills, attend networking events, or complete a training course to help you stand out. Not only can this lead to promotions and higher-paying jobs, but it can also boost your confidence and make you feel more fulfilled in your career.
Remember, making more money doesn't have to be stressful or overwhelming. Take it one step at a time and explore your options - and if in doubt, take our recent podcast guest Niaz Azad's advice: