Whether you are new to your career or an industry veteran with 30 years of experience, it’s likely that you want to increase your take-home pay. How To Increase Your Income By Making Extra Money.
Although we can’t guarantee you a raise this year, there are some ways to increase your income in 2022. And you might not even have to leave the house to do it.
Figuring out how to make money means using a three-pronged strategy:
- Reducing the percentage of your income you’ll need to pay taxes on,
- Lowering the amount of money that goes to essentials — such as utilities — and
- Earning extra money through your primary job or a secondary source.
Luckily, technological advances and the rise of the gig economy mean that there are now easy ways to make money both online and off.
There are so many ways to start making more money – from sources of extra income, passive income ideas, ways to make more money at your current job, and more.
One of the things I am passionate about is Helping People Learn How To Increase Their Income. That’s because I know how much it can improve your life.
I learned how to make more money so that I could pay off my debts, which I did in 9 months.
I used a number of the ideas that you’re going to read about today, including taking online surveys and Starting This Blog zerox24
What I love about learning how to increase your income is that it can make a bigger impact on your overall finances than budgeting alone.
For example, when I was trying to pay off my student loans, I did cut my spending, but there was only so much money in my budget to begin with. I had to start making more money if I was going to pay them off as quickly as I wanted to.
Learning how to increase your income can help you:
- Stop living paycheck to paycheck
- Help you reach retirement sooner
- Save for large purchases, such as a vacation
- Pay off debt, like credit card debt or student loans
- Become more diversified with your income streams
One of the most common ways to increase your income is with a side hustle. But today’s article will contain more than just side hustles.
Perhaps you’re not looking to work more hours (or you simply just don’t have the time), but you still want to make extra money.
Whether you have just one free hour each day or if you are willing to work 40 to 50 hours a week on top of your full-time job, there are many options when it comes to learning how to increase your income.
How To Increase Your Income In 2022
Find a Part-Time Job.
The classic answer to how to increase your income is finding a part-time job, and it’s still a great option for many people today.
Some examples of part-time jobs may include:
- Finding a Part-Time Job During The Holidays – Examples include working at a retail store (they tend to ramp up hiring before the holidays), working at a tree lot, finding a job at a costume store or haunted house, and more.
- Deliver RVs To Dealerships – This is more of an untraditional part-time job, but it sounds like a fun one. The majority of the time RVs can’t be transported by semi-trucks because of their size. This means someone has to drive them from the manufacturer to the RV dealership. To make extra income doing this, you can contact RV manufacturers and RV dealerships to see what opportunities they have.
- Search For a Seasonal Job – If you have a job that gives you the summers off (or whatever season), then finding a part-time seasonal job could be a good way to earn extra money during your time off. Employers like Starbucks, REI, and Costco even offer benefits for part-time work, which adds even more value to the job.
- Work At a Restaurant – You could be a host, wait tables, bus tables, bartend, and so on.
- Substitute Teach – Sometimes the schedule can be tricky as you may be called at the last moment, but other times you may secure a long-term position.
- Work At a Retail Store – I worked in retail for over five years and made lifelong friends in the process. The income is okay, but you usually receive a good discount when working in retail.
- Deliver Food – There are so many different options for delivering food nowadays. Between working directly as a delivery driver for a restaurant, or for a food delivery company like Grubhub.
- Deliver Newspapers – Delivering newspapers can be a good way to make some side money. You may have to wake up early, but maybe those are the hours you are looking for.
- Run Errands For Others – Being someone’s assistant can be an interesting way to earn extra money. You may get paid to do someone else’s laundry, clean their home, pick up their food, answer phone calls, and more.
Sell Items To Increase Your Income.
Here’s a question I get often: How Can I Increase My Income Quickly?
Selling is one of the fastest ways because most people have things sitting around their house that they can quickly sell to make extra money.
Here’s how to increase your income selling stuff – more than just selling things around your house:
- Sell on Etsy – Etsy is a great place to sell handmade items, vintage finds, and craft supplies.
- Have a Yard Sale – A yard/garage sale can be an easy way to make extra money because people come straight to your home. The only downside is that you usually don’t make as much for your items as you would if you were to sell them on sites such as eBay, Craigslist, or Facebook Marketplace.
- Sell items on eBay – eBay is a great place to start, as nearly anything and everything can be sold on eBay.
- Sell Your Gift Cards – If you have gift cards that you aren’t going to use, why not sell them to earn extra money?
- Sell your new or gently used sports gear – Play It Again Sports is one of several second hand stores that buys and resells sports equipment and workout gear. These kinds of items also sell well on eBay, Craigslist, and Facebook Marketplace.
- Flip Items For Resell– One reader’s family was able to make $42,875 in one year buying and flipping items for profit, and they were only working about 10-20 hours per week.
- Sell Items On Craigslist – Craigslist is another website where you can sell pretty much anything and everything, from clothing to cars. Sales are posted online, but the money and goods are usually exchanged in person at an agreed upon meeting place.
- Sell On Poshmark – Poshmark is one of the most popular places online for people to buy and sell new or gently used clothing, shoes, and more.
- Sell Things On Facebook Marketplace – Facebook Marketplace is probably one of the most popular places to sell online right now. Here, you can find buyers in your area, but for larger items, like cars and furniture, buyers are often willing to travel or pay for shipping. Plus, because you are probably already on Facebook, this is one of the easiest ways to sell your stuff, and it’s free.
- Sell To Second Hand Stores – There are many second hand stores out there that will take your clothing and shoes. Stores such as Plato’s Closet and Buffalo Exchange will pay you upfront for clothing, and they take all of the legwork out of selling items, which is really helpful. There are also second hand stores for designer items, women’s clothing, children’s items, and more. Some pay upfront, whereas others may not pay you until after the item has sold. It simply depends on the store’s policy.
Make More Money at The Job You Already Have.
If you’re already employed and not interested in learning how to increase your income with a side hustle, one idea is trying to earn more at your current job.
Perhaps you have limited time, or you’re looking to simply make more efficient use of your time.
- Find overtime hours to work – One way to make more money at work is to see if your company will allow you to work overtime. Some companies welcome overtime, and you can earn a decent amount of money by doing so.
- Go for a raise – One way to grow your income, without possibly adding any additional work hours to your life, is by asking for a raise. Many employees do not ask for raises, so you might be leaving money on the table. Over numerous years, this can add up to a significant amount of income! If you’ve just successfully completed a big project or taken on new responsibilities, then it might be time to ask for a raise and state your case.
- Seek out a promotion at work – If a raise is not possible without a different position, then you may want to try for a promotion that comes with a pay bump. Sometimes companies can only pay you so much for the job you currently have, but you may be able to increase your pay through a promotion with different and/or additional job duties, a possible move, etc.
If you want to learn how to increase your household income, you and your partner could both look into the tips I just gave.
Can you imagine how much extra money you may be able to bring in if the both of you got raises, for example?
How Can I Increase My Income At Home?
If you want to work from home, there are many things you can do.
I love being able to work from home. There’s no commute, I can make my own schedule, and more.
There are many different options for working from home, depending on what you are looking for, including:
- Sell On Amazon – You can sell items on Amazon and make a great income doing so.
- Build An Online Store – Did you know that you can create your own online store to earn extra money? Jenn, a reader of mine, started her online business a little over four years ago, and since then she has developed and grown three successful online ecommerce stores earning an average of $19,000 per month.
- Search For a Bookkeeper Position – You don’t have to be an accountant or have any previous experience if you want to learn how to increase your income as a bookkeeper.
- Find a Proofreading Job – Do you enjoy finding errors?
- Become a Virtual Assistant – Becoming a virtual assistant is one of the most popular work from home jobs, and it is growing like crazy. More and more companies need virtual assistants. Virtual assistant tasks may include social media management, formatting and editing articles, scheduling appointments or travel, email management, and more. Basically, you get paid to do any task that needs to be done for someone’s business but doesn’t need to be done by them. Sell Templates Online – You can start creating Canva templates to sell and make money all from your home and never have to ship a thing.
- Start Writing For Others Online – A freelance writer is someone who writes for a number of different clients, such as websites, blogs, magazines, and more. These writers don’t work for one specific company, rather they work for themselves and contract out their writing.
