Smart Ways To Supplement Your Income

Gov Apr 24, 2019 No Comments

Do you always find yourself with so little every end month after paying your bills? You may even be at that point that you start borrowing halfway into the month as bills keep piling up and robbing you the joy of living. You may have lobbied for a pay rise or even a promotion unsuccessfully at your place of work. Many people run out of options and think that getting that extra buck is only through getting a better paying job. However, you can look beyond your paycheck. The following are simple tips on how to supplement your income

Work online

Many online opportunities guarantee you income even without having to meet your clients. The first thing you need to do is identify something that you are good at and do some basic research on how you can cash on it online. For instance, if you are an accountant, there may be companies who are looking for someone to reconcile their books remotely. You can use job boards to find your first clients and then use other avenues as you grow. As highlights, the opportunities online are uncountable and very promising. Vet your potential clients before you offer services to avoid scammers.

Use your car as a cab

If you are one of those people who have a lot of time at their disposal, then running a taxi service might help you earn more. The best approach is when you join established companies as it will be easy for you to penetrate. Many cab services are using applications which makes it easy to manage your work. You can always switch your app off while at work and back on when you are free. Have a defined area of operation to avoid overstressing yourself with this hustle.

Invest in a money market fund

In simple terms, you loan your money to the government or any authorized institution. Afterwards, you earn dividends on given intervals such as a month or after three months depending on the arrangement. The good thing with money market funds is that they are secure and reduces the risk of losing your money because of their short maturity duration. You can in some cases withdraw the money within a few business days after you initiate a request. The downside is that some have a minimum entry amount which may lock you out if you are a low-income earner.