6 Simple And Not-So-Secret Ways To Up Your Income

by Magical Penny on August 8, 2017

 

When it comes to earning more, you can often find that you’re trying to think of the most elaborate ideas to make it happen. But sometimes, it doesn’t have to be the biggest or the wildest ideas that work.

In fact, more often than not, it’s the opposite. When you want to up your income, you need to strip things back and look at the simple ways to do it. There are only so many ways that you can make a difference to the money you make, and although robbing a bank or winning the lottery might be an idea get rich quick scheme, something that is more of a sure-thing is surely more appealing? So, let’s look at six of the most simple and unsecretive ways to get more money.

  1. Start A Side Hustle

One of the quickest ways to top up your income is to start a little something on the side. Whether you sell vintage clothing that you pick up for next to nothing, or start writing freelance online, you’ll find that you’re able to add a little to your income every month pretty much right away.

  1. Ask For A Raise

Next, it’s the age old classic of heading to your boss and actually asking for a raise. If you want more money in life, sometimes you just have to ask for it. Even if you’re feeling a little nervous, asking for a pay rise can often go way more smoothly than you’d expect. If you’ve never had one or it’s been a while, and you’re good at your job, why would they say no?

  1. Stay In School

Then you’ve always got the option of going back to school. Sometimes, you can’t get beyond the position and pay packet you’re at in life because you’re not advanced enough. So get advanced. Take your master in leadership or a doctorate in management and make sure you’re ready. When you know more, you can do more, and then, you’ll be eligible to earn more too.

  1. Start Your Own Business

You may also want to think about starting your own business. If you’ve got a bit of security to do it, or you’re looking to return to work after a baby, it’s a win-win kind of risk to take. You may find that being a business owner suits your lifestyle more, and the sky’s your limit when it comes to earning potential.

  1. investingInvest

Or maybe you’d like to invest? If you do have something in savings, or you can raise the capital from elsewhere in your life, you could get a second income from shares. Whether you invest in stocks or even some property, you may find that the money you make each month is just the income top up you’ve been hoping for. Have a read of Magical Penny articles on Investing.

  1. Get A New Job

Lastly, if you’re pinning your hopes on the incoming upping coming through work itself, but you’ve got no chance of a promotion, find a new job. When there’s no room for you move up the latter in the company you work for, you may find that there are a more suitable role and salary being offered elsewhere.

So there you have it. Trying to boost your income doesn’t have to be an innovative adventure. Instead, think small, and your results should always turn out big.

 

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