Reaching Financial Stability: 5 Ways to Make More Money
Do you feel like you're stuck in a job you hate? Or maybe your current salary doesn't align with your goals and aspirations.
Maybe you just want to make more money. Regardless of the reason, if you feel as though you're not earning enough money then there's probably a way that you can increase your income.
Even if it seems hard at first, once you get used to it, making more money becomes easier.
Pay yourself first
The average American has less than 10% of their net income go towards savings.
This means that more than 90% of your income will be spent immediately. That may seem like a lot, but if you have a larger income, that 10% amount quickly adds up.
Make sure that you're putting money towards savings so that you can have a larger income in the future.
Network like a pro
A lot of people think that they have to be an extrovert to make money. While being outgoing is an asset, you don't need to be super social to make money.
In fact, many entrepreneurs prefer to be introverted so they can focus on their business without being distracted by socialising. How do you make more money though?
By networking, of course!
When you're at happy hour, go to the host's table and ask to talk to people. Be approachable and open to talking with as many people as you can.
Be flexible and diligent
If you have a job that doesn't pay well or your employer is constantly changing policies and procedures, then it might be time for a change.
Unfortunately, some jobs aren't meant to last forever. If you don't like your job or the pay, then it might be time to look for a new job.
If you're staying at a job because you don't want to lose your pay and benefits, then that might be holding you back from making more money. If you're stuck at a job that doesn't allow you to make more money, then it might be time to look for a different position.
Change up your schedule
It's important to change up your schedule so that you don't get bored with your work. You should also change up your schedule in terms of how much you work.
For example, if you're currently working 9-5, then change it up by working 9-6 or closing your business at 6.
Either way, you'll have more time. You'll also be able to make different decisions and get different work accomplished if you're working in a different timeframe.
If you have the opportunity, you can increase your income by investing. There are a lot of different ways to invest, from commodities trading to real estate investing.
Whichever investments you choose, you'll have to do some research and be willing to make some changes to your budget.
It will take some effort and research to make sure the investment is worthwhile.
Making more money is possible.
The only thing holding you back from increasing your income is yourself.
There are a lot of different ways to make more money as well. Now go and devise a plan and make it possible.
What tips do you have to help someone reach financial stability?
Love Beth xx