10 Career Hacks to Increase Your Income
Every one of you wants to make more money. Still, how many of you are actually taking steps towards achieving this goal? Well, some of the excuses not to increase your income could be:
- “I don’t have enough time”
- “I have no idea how to make additional income”
- “I’m only good at what I do, and that income can’t be improved”
- “I am not capable of working a job and doing something else in the meanwhile”
Honestly, it can go on and on. We all have excuses. Yet, only few of us are really acknowledging them for what they are. Fewer will take action upon realizing that their beliefs are actually excuses not to do more and be better.
If you’re reading this article, you have probably decided to make more money. We are going to give you some proven strategies on how to do that, but first, please pay attention:
In order to actually make a change, a lasting change, you must implement your knowledge by taking action consistently. This is the key to progress, and this is the key to financial freedom. Without further ado, let’s see what kind of career hacks you can do to make more money.
1. Start a Side Business
One of the most popular ways of improving your revenues is starting a side-hustle. You keep your job, but you’re also setting up the foundations of a business which is going to serve you for a long time.
There are countless possibilities to make extra money, and you can do most of them online. Still, keep in mind that starting a business will soak up your time and energy, so make sure that you know what you’re getting into.
2. Build a Digital Course
Are you an expert on something? Do you believe that your knowledge and expertise could prove to be helpful to other people? If the answer is yes, you should consider creating a digital course. It could be text, video, or audio. It doesn’t matter as long as you make it and promote it well. Here’s a good guide on how to do that.
3. Write About Your Passion & Sell Products
You can make additional income by starting a blog. It’s not so complicated as most people think. You need some basic knowledge on how to develop and promote a website, and a lot of passion on a subject. If you’re passionate about one thing, writing quality content that brings value to people’s lives won’t be hard.
So how do you get money from that? Well, throughout your articles, you can link to affiliate products and earn commissions on each sale. Amazon affiliate marketing is available for content creators to capitalize on their viewership.
4. Become a Freelancer
Freelancing is a great activity if you don’t like having a boss or working in an office. If you do have a job though, freelancing would still be possible.
Think about your most advanced skills. Do you think there’s a demand for your aptitudes? Perform some research and find that out. If you don’t have any remarkable or demandable skills, you should start learning some. Pick one, stick to it, do it over and over again, then find someone who could use your help!
5. Get a Second, Related Job
If the urge to increase your income is that strong, who says you can’t take a second job? It would be ideal that your second job has some common ground with the first job. This way, the accommodation process should be easier and more effective.
Your second job doesn’t necessarily have to be full time. In fact, having two full time jobs would be truly exhausting, so you can opt for a part-time one.
6. Invest Time, Money, and Energy in Your Education
Want to have more money? Be smarter! To earn money in today’s society, you must dispose of good information, have the proper mindset, and implement your knowledge and expertise through smart actions on a consistent basis.
In simpler terms, don’t be afraid to invest your time, money, and energy in your education. It’ll pay off sooner than you think!
7. Implement Your Knowledge
Action, action, action. But why so much action? Because no matter how much knowledge you have or how many opportunities arise, without proper implementation, no lasting outcome or change will arrive in your life.
Mark Hudson is the CEO of Essay Geeks. He loves to share productivity tips with people from all around, so we’ve asked him how one can improve his financial score. Here’s what he gave us:
“Educate yourself consistently, but also apply most of what you learn. Follow the Pareto principle. Firstly, you should try to filter out the 20% of the information that could produce 80% of your desired outcomes. Secondly, you should spend 20% of your time on learning and 80% of it on executing.”
8. Be Proactive
Employers love proactive people. People that don’t wait for everything to be put in front of their face will often benefit from bigger salaries and more promotions. If you care to turn yourself into a more proactive person, you shall encounter more opportunities in your future too.
9. Increase Your Income by Asking for a Raise
Have you ever considered to simply ask your boss for a raise? Most employees are afraid of doing so. If you prepare your speech well and you also have some reasons for asking extra money, you have nothing to lose.
If your attempt has side-effects that influence your job negatively, you should be clear about what type of leadership you’re dealing with and you should really consider looking for other companies to work for, companies that respect you and don’t punish you for asking.
10. Invest Your Money in Something
Investments are risky yet extremely profitable. You can invest in gold, currency, cryptocurrency, real estate, small business, and so on. If you’re a total beginner, check out this post – it’ll show you all the possible ways in which you can invest your money.
In case you manage to learn the ropes and earn some money, you’ll probably be hooked. Don’t quit your job yet. Instead, develop stability and count on it in the long term.
Ready to increase your income? Well, nothing’s holding you back except yourself. Choose something – preferably something that attracts you naturally – and start planning. Once you know what you must do, simply take action again and again. Fail several times, assess your actions, optimize them, scale them, and finally win more money!
Chris Richardson is a journalist, editor, and a blogger from London, UK. He loves to write, learn new things, and meet new outgoing people. Chris is also fond of traveling, sports, and playing the guitar. Follow him on Facebook and Google+.