On this earth who don't want to boost personal income? I would like to make more money in these days. And you? Presume you also like it too! There are more smart techniques on that you can boost your personal income. No matter if you are serving in a corporate world, freelancing, writing a blog, self-employed, seeking for a job, or staying at house. Surely here you will get something special that will reasonable assist you earn more money. So, now I shall tell you some good points about how someone may increase his personal income, the techniques appended below:
1. You have to cut cost & minimize cost: A very simple ways that you can boost your personal income by cut your daily expenses and by minimizing costs. If you do so, then one day you'll see your income has increased dramatically.
2. Practice frugality: Say, if you want 7 cup of coffee in consecutive seven days in a week better you drink it only 3 times more in whole 7 days in a week. Maintain a gapping there. This practice will help you to earn money and save your health too.
3. Look for a job oriented degree: Simply a degree may not give you a good job, so you need a job oriented or job related professional degree for a better work. So, before entering in to college or university select your subjects or major areas on which you’ll work in near future.
4. Maintain balance food in your eating habit: You can apply a unique food policy by shorting your eating budget. Bring tiffin box, lunch pack in your work station from your home rather than restaurant and it’ll save your money and health. Be vegetarian and eat fresh vegetables, greens, fruits instead of red meat, mutton, pork etc and save money & health booth. Prior to eating please check out ingredients of vitamins, protein, minerals, fat etc within your selected foods.
5. Try to avoid unnecessarily luxuries things: Many western countries peoples are using more and more unnecessarily luxuries items. Please you may sell these things or don’ t buy such items which is not really needed and for this you’ll get some extra cash or save your money.
6. Extra work: If you have bit time after your regular or routine work then you can do any convenient part time work in any enterprises or organization in order to earn extra income. Select such type of job in which you have better knowledge or skills.
7. Set up a small business at home: If you don’t want to work at outside or want to establish a small business at your home then set up or start a home base business like women beauty items, beauty parlor, cosmetics, baby or woman’s dresses, handicrafts, herbal medicine, dispensary or pharmacy for a small scale sales. Your neighbors will be your target customers first.
8. Watching who’s doing what: You have to watch out carefully who is doing what type of business, who’s earning more and becoming wealthy easily.
9. Participate in Training: You can participate in a training program so that you can achieve required skills or knowledge for a respective business. Don’t worry you can do it before staring your business as a result you’ll benefited accordingly.
10. Be a freelancer: It’s a modern way to earn money through freelancing sites. If you have certain quality, skills, knowledge, ability then by registering your name at any freelancing sites you can boost your additional income from home. You can start work as a consultant, writer, website designer, graphic design, animation etc.
11. Say, no to credit cards: Some credits cards providers may charges you annual fees, late fees, excess limit charges, more interests, hidden charges etc. By saying, no to credit cards you can keep your money in your pocket.
12. Ask for a discount or price cut: Tell the proprietor or manager of the shop to provide you discount. If you negotiate you can get benefits like price cut or discounts. From my practical life, I purchased discounted items from fixed priced shops also.
13. Leave bad habits if you have: Now a day, peoples thought smoking, drinking alcohol is a symbol of rich or happiness but it’s not true. By doing these you’ll loose your money and health both. So, try to avoid these bad habits in order to save money.
14. Iron and wash your clothes: Find out time from your by schedule to wash your clothes and iron these clothes by yourself. In developing countries peoples washing their clothes with manually, they’re not using washing machine and powder. You can wash your clothes manually with soap instead of washing machine and pricing detergents. By doing that you will save some money and get some physical exercise.
15. Daily or weekly saving plan: From your daily or weekly expenses budget try to save some money and put this amount of money in the savings bank at home.
16. Go to bed early and save money: Well know Proverb say, “Early to bed and early to raise makes a man health wealthy and wise”. So if you don’t have such good habit, practice from today to saves light, heat in winter season as well as health.
17. Use free online newspapers & magazines: If you have internet connection or modem then you can easily read local or international newspapers and online magazine freely, because buying printed ones is bit costly as a result you’ll save money.
18. Use social networking & voice chatting: Now a days peoples exchanges their views, ideas and thoughts each other via social networking and voice chatting over net messengers instead of cellular phones and writing paper based letter through post office or courier service.
19. Cable TV disconnection: Disconnect the cable TV line and use online based services such as hulu.com besides use all online TV channels.
20. Get discount from your medical bills: You may discuss with billing department of concerned medical regarding reducing or to get discounted medical treatment bills.
21. Negotiate with banks or Card Company: Discuss with banks for lower interest rate before getting your loans or credit cards. And if you’re a subscriber of such loans you can negotiate with concerned person in order to get waivers or exemptions of annual fees, late fees and any other extra charges or interest upon principal loan amount.
22. Do exercise at home or nearby field or Public Park Public Park
23. Avoid put eggs in one basket: Don’t invest your all money in a business rather you should invest your money or diversify your investment in different types of business where chances of ROI(Return on investment) is higher like shares, stocks, bonds, mutual funds or any other profitable businesses.
24. Your hobby may be your income: Say, painting or drawing or arts or writing is your hobby then you can use this professionally to earn money. What you do at your leisure time by that you can earn money.
25. Check out warranty cards for free repairing: If your TV or computer or refrigerators damaged then check out its warranty or guarantee cards if validity available for free repairing.
26. Utilize your technical knowledge: If you have much knowledge about computer or TV maintenance, repairing, viruses removing, then you can provide printed advertising to your local areas that you can do so with very limited price.
27. Less spending: You may spend according to your income. Because less in spending saves some cents and that few cents can make dollars.
28. Jump for a better career: Many human beings never follow for a better opportunity as they’re thinking now they’re in a good position. So, look around you for an excellent opportunity and jump in that with confidence to increase your income.
29. Measure your strengths & weakness: My advices is to you please finding out your self weakness then go there for its development and utilize your strengths what you have.
30. Hang out “To let” for a spare room: Your spare rooms can help you for some extra income. So, find out suitable tenant for it.
31. Meet with financial or investment mentor/consultant: If we have money in hand we satisfied himself. This is not enough. Because more or less our knowledge is limited if we negotiate with financial or investment mentor/coach/consultant regarding further investment for a profitable project then that could bring grand success for us. Building relationship with business leader or financially happy individuals may lead us to expand our knowledge for new investment.
32. Sold out scrape or recondition products: If you have used but resalable products or scrape products then sell these for some extra cash. On the other hand you can do business of second hand branded or recondition products on the way like buying or repairing and selling it to customers through local newspaper or online advertising.
To conclude this articles, I think you have finished your reading and got your valuable point and then apply these in your life to raise your personal income.
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