James PuahMost people would love to earn more money, but how to earn more when not everyone is prepared to do anything more than they are already doing.
But many of the more well off people have stepped outside of their comfort zone and done that bit extra, and by doing that it’s set them up for life.
So what more can you do?
Earning more…..
The key to earning more is finding something that you are comfortable doing that will also generate extra money.
In most cases people are not able to invest money, and so have to invest time.
If you want to earn more money then there are a number of approaches that you can consider.
Doing more of what you do – in many cases you can talk to your current boss and see if there is extra work that you can do to earn more with the same employer and either doing more of what you already do or taking on additional roles. It’s not always going to be an option, but it is certainly something to consider. The boss may be more helpful than expected and especially if they know that you are driven to owning your own home and that’s why you want more money. To many employers the stability that home ownership brings is a real positive and they might find extra work even if it didn’t appear that there was any.
Find a part-time job – there are a lot of part-time roles available, and while they may not be paying the big bucks some extra income is better than no extra income. If you want extra money to buy a new home then even an extra $200 a week can make a big difference. We wrote a recent article here where a person could get almost $100,000 more on the mortgage just by having a part-time job earning $200 per week.
Have you considered being a rideshare driver with Uber or Ola? We’ve seen a lot of people that use their own car to earn extra money and our mortgage adviser Sunil Kumar often talks about earning an extra $400 over a weekend. Read more here.
People make money selling on Trade Me – you can sell your own products or source wholesale items to sell on Trade Me. The best part with this approach of using a wholesaler is you can make money and have it in your bank account before you need to pay to purchase and ship the item. It’s known as dropshipping and is an easy way to make some extra money without having to spend or invest first.
Joining an existing network business – this can be easy as the businesses are set up and systems are already in place. Many of these business models are designed for people to operate part-time in their evenings and weekends. The business model involves promoting a product and so if you want it to be successful you need to really like the products.
