We’re continuing in this series “Top 5 Ways To Gain Financial Margin” and this next method can be tiresome and time-consuming, but it can be the springboard to substantial financial margin.
#3 – Increase Income
This seems obvious, but so many people do not even consider it! There are multiple ways to increase income – and while some of them might sound enjoyable or desirable – ANYTHING is better than living BROKE!
- Work overtime at current job
- Negotiate a pay raise
- Obtain a 2nd job
- Start a side business
- Invest something
- Write a book
- Dig up small trees in the ditch and sell for $3 each
- Rent out a part of your house
Anyone can do one or more of these, and it will increase income.
WARNING: If you do not have a plan for the extra income, it can very easily end up being spent. Be sure to be diligent and prepare a plan BEFORE spending any of it!