Boosting your income can make a big difference in your financial life. Fortunately, there are ways you can make more money without spending time and money on more education. By doing this, you can pay off debts faster, save for your future, and enjoy a more stable financial situation.
1. Ask for a Raise
The first option for you to make more money is to ask for a raise. While it can be intimidating to confront your manager for money, many times you’d be surprised at the positive response you can get.
If you come prepared and can show your value, good managers will work with you in bumping up your salary. But you also have to be in control of the ask, so you can steer the conversation and potentially get a raise you are comfortable with.
2. Get certified
There might be options for you to get specific certifications that will help elevate how much money you can make. These certifications can also help you get that raise or negotiate a higher salary for a new job later on.
Pending what certifications are out there specifically for you, there might be free ones or ones you have to pay to take. However, certifications that cost money are a fraction of the cost to pay to go back to school and something you can do in your spare time.
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3. Shadow other people and departments
Many times you may need some more experience or knowledge. A great way to learn is to shadow other people and departments to increase your paycheck and money making power. This is actually a good thing to do ahead of asking for a raise, to showcase even more initiative. But you can start learning how to do more things or see how things operate.
4. Negotiate a higher salary
During this time is when you want to practice your negotiation skills. As you apply for new jobs and get offers, the hiring manager will either ask what you are looking for or generally try to give you their lowest option. Now you will have some data and info to back up your experience and ensure you start earning what you are worth. And since you are getting a fresh start, it’s time to show them your knowledge and skills.
5. Earn More Money Freelancing
The best way to earn extra money is to start freelancing. It’s a great way to start making money on the side. Or as you may refer to it as “side hustling,” which that term has exploded in popularity.
If you plan on freelancing within the same field as your career, you want to be careful and maybe follow-up with HR. Some companies do not want you to be in similar industries doing outside work, especially if in your hiring papers you signed a non-compete clause.
Related: 50 Super Simple Side Hustle Ideas
Choosing a side hustle can be fun compared to getting a part-time job because they allow you to pursue what you’re actually interested in, like perhaps fitness or writing, while providing you flexibility!
Read more: 50 Super Simple Side Hustle Ideas (& How to Make Them Work)
Related: How To Make Money Without a Job
Are you looking for an alternative way to make money outside of the 9 to 5? Whether you desperately want to quit your job or just want some extra income, you’ll find something on this list that suits your needs and interests.
Read More: How To Make Money Without a Job
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If you’ve enjoyed reading our content and are passionate about learning wealth, manage your finances, and achieve financial freedom, we’d love for you to join our community! Click here to follow Invested Wallet for more.