10 Great Ways to Boost Your Income

Posted In 10Awesome, Hobbies, Personal Finance, Saving - By paul On Wednesday, December 5th, 2012 With 0 Comments

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10 Great Ways to Boost Your Income

Economically, the world’s not doing too well and you’re not either. We all could use more cash but the question is how to get it, when it’s become so hard to for many to keep down a job and provide for their families. There are some ways you could boost your income – some require more time from you, while some more effort and energy – you could, for example, take a certification exam that will make you a more valuable asset at your workplace. Let’s take a look at 10 great ways to boost your income and maybe you’ll find at least one idea that will help you get the money you need. Feel free to share your ideas or feedback in the comments section!

10. Go Back To School

 

Is your need for an income boost temporary or do you simply need more money on a long-term basis? If it’s something long-term, then why don’t you invest in yourself? Go back to school, get a master’s degree, take some classes that will help you get a better job. It’s time wisely spent.

9. Put in Extra Hours at Your Job

 

You could always do some extra hours on your job and get paid accordingly. It’s tiring, but if you need it, you won’t regret it. Talk to your boss and explain to them that you really want and need to do it – if they agree, then get ready to do some work.

8. Earn Money from Your Hobbies

Who said that you can’t earn money doing the things you love? If you love knitting, for example, you could set up a blog and start selling your creations. It’s going to take a while before you’ll start earning some good money from it, but you’re doing something you love and it can’t be that bad!

7. Take in a Lodger

 

If you’ve got an extra room, or more, why not take in a lodger and share the expenses and also get a little money off rent? This solution may not be for everybody, but if you’re young and you don’t have too many responsibilities, then it could work for you. Just be careful about who you choose!

6. Cash in Investments or Your Pension

 

It’s never a good idea to cash in your investment or your pension, but when push comes to shove, it’s good to know that you have something to fall back on. Don’t do it unless you really, really need it, unless you’re really desperate. Otherwise you will regret it deeply.

5. Get an IT Certification

If you’re good with a computer you could try to get better and get a fancy certification like the Cisco 642-972 – if you’re a sales engineer, then you can develop your skills to design and operate the Cisco Data Center Application Services platform. It sounds complicated, doesn’t it, but having this in your pocket will also attract more money there?!

4. Convert Some Goods to Cash

It’s sad when you’re thinking about selling stuff from your house to get some money, but it’s really not the end of the world. Just think about all the things you don’t need or want anymore – they’re just lying around the house and taking up space. It’s just stuff! If it’s going to bring you some extra money, then don’t hold back.

3. Renegotiate Your Salary

 

It’s a risk, this one. You need to know when the perfect timing is attempt a renegotiation. If you think you deserve it (and be prepared to do some explaining as to why you deserve it), then go ahead and set up a meeting with your boss and talk about it. Hope for the best, but prepare for the worst, you can never know how these things turn out.

2. Recalculate Your Monthly Expenses

 

Make a list of all your monthly expenses, reevaluate everything. Only when you’ve got something put down on paper, will you see what needs to go and what needs to stay. You’ll be surprised on how much money gets spent on trivial things that you could easily live without, such as magazine subscriptions!

1. Get a Second Job

 

This idea really is the best solution to your money problems. If you have the time for a second job, go ahead and start looking for something part time or something you can do in the comfort of your own home. Or you could choose something that only requires you to work weekends. We know, it’s a bit too much, but if you must, then you must!

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