These underrated ways have the potential to bring in extra cash without requiring major lifestyle changes. By tapping into these income sources, individuals can achieve financial goals faster and reduce financial stress. These methods empower people to diversify their income streams, providing more financial security and peace of mind.
1. Ask Yourself If You Are in the Right Career Path
I was stuck in a low-paying job for just over four years, but I realized digital marketing was the career that got me excited. This helped me understand a lot about what I needed to do and how to get where I wanted after I was let go in 2014. The best thing you can do is ensure you find a career path you are going to love and can make a decent living from. It doesn’t have to make you a millionaire, but it should be a great work-life balance.
2. Keep Track of Your Work Accomplishments
Write down big accomplishments or milestones within your job and stay organized. When you have these ready to go, you have a list of items to share during performance reviews. Or you can send them to management as weekly updates of highlights from the past week.
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3. Shadow Other Co-Workers and Learn
If you are looking to move up and be promoted to make more money, a great step is to learn from others. Ask a few colleagues to show you what they are working on or how something works (when they are not super busy). Even if you do not become an expert in something they show you, you’ll have a good understanding at how something operates and can speak to it. This not only shows initiative in your current job but helps you learn new skills that can be applied to a raise or future salary negotiations.
4. Teach Yourself New Skills Outside of Work
Besides learning from other colleagues, you’ll also have to teach yourself additional skills outside of your job. This can be doing things on your own, taking certifications, or paying for some online classes (tons out there, and of course don’t go into major debt over this). Also, look at what you need to learn for next-level job positions. See where you’re missing some skills or experience. Again, in many professions identifying new skills to master is easier than others.
5. Research Market Value On Your Career
Keeping tabs on the various pay scales and career sites (like Glassdoor) for example can give you a good idea of current demand. While the data is not 100% full proof, it gives you a great idea of where things stand. Bringing this along in performance reviews or a new job can help you leverage a better-paying salary. By not doing my research, I was definitely leaving some money on the table.
6. Ask for A Raise That You Deserve
When it is time for an annual raise or your review, straight up ask for a higher percentage! If you have your accomplishments, salary research, and are prepared, it doesn’t hurt to just ask and show some of your intel. Many managers will work with you on compensation if you prove your value and case, which will be easier from these above tips.
7. Look For a New Job In Your Field
If you aren’t getting the raise you want (or haven’t got one at all), start looking elsewhere. You might be afraid of being labeled as a “job hopper,” but moving companies for better opportunities is not a bad thing. Improving your skills, researching, showing your accomplishments, and asking for what you are worth might not be enough to get a raise in your current job.
Creative Ways To Make Money
We’ve compiled a list of the best ways to make money – from starting your own business to selling online to becoming a digital nomad. We even have ideas for those who want to stay put and earn extra cash.
Read More: Creative Ways To Make Money
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