Here are 4 ideas to help you increase your income:
The 1st way you may want to try to increase your income is by finding a part time job to do in your spare time, from the comfort of your own home. For example, you may increase your income by selling things on Ebay or by working over the Internet to design websites for people. This way, you can keep your current job but build up some additional income. Who knows? You may eventually end up becoming so busy that you have to quit your day job! This is using your asset of time to make money.
The 2nd thing you can do to increase your income is to invest in the stock market. This is not as scary as you might think, and it involves the same principle that you know from owning a home. When you bought a house, how did you think you would make money on it? Simple: Just by hanging onto it for some time, many homes rise in value over time. It’s the same with the stock market. Sure, not all homes and stocks rise in value, but if you give even half the thought of choosing stocks that you gave to choosing a house, you should find one that is likely to rise in value. The key is to hang onto it. You don’t sell your house every time the market fluctuates! In fact, you probably don’t know or care how much your house is worth until you’re ready to sell it. It should be the same with the stocks you buy and sell. This is using your assets to make money.
The 3rd thing you can do to increase your income is to get a secured home improvement loan. As you already know, your house is an investment and if you can do something to increase its value, you should! Getting a home improvement loan is an easy and affordable way to increase the value of your home so that when it comes time to sell your home, it will be worth more. This is using your assets around you to make money.
The 4th way to increase your income will surprise you. Consolidate your debts! Get a debt consolidation loan to pull all of your outstanding debts together and put them in one secured loan. The interest rate will be less, the monthly payment will be less, and the monthly payment will be fixed. A lower rate and payment will mean more money for you and a fixed payment will mean it will be easier to budget! This is using your assets of current habits to make money.
“Use your money wiser. Then you get to retire.” Michael “MJ The Terrible” Johnson – Founder & Owner – Masters of Money, LLC.
Understanding The 3 Different Kinds of Income – https://www.mastersofmoney.com/understandingthe3differentkindsofincome/