The Best Kept Secrets For Increasing Your Income

Increasing your income isn’t as difficult as some people and establishments would have you believe. Anybody can increase their income if they’re serious about it. Here are some of the best kept secrets for increasing your income if you’d like to enjoy a more comfortable lifestyle!


Just Ask

Something many people don’t realise, is that you can ask for a pay rise if you feel that you deserve one. Of course, you can’t just go to your boss with a sob story about not being able to afford to go on holiday and hope that they take pity on you. This isn’t going to work. You need to have solid reasons for deserving more income. If you have props to back you up, that’s great. Asking your boss for a meeting about this kind of thing and preparing for it properly will help you. They might decline this time, but offer to review your performance in the coming weeks and months and discuss it with you again. If they still fail to increase your income when you’re sure you deserve it, you may need to start looking for another job.


Become Indispensable in the Workplace

Becoming indispensable in the workplace is a great way to get promoted and increase your income. You should make sure you’re being as productive as possible, working efficiently, inspiring others, etc. You should also make sure you stick to things like health and safety regulations to avoid accidents. Accidents at work can be devastating. You don’t want to deal with that when you’re trying to increase your income.


Startup On The Side

If you don’t want to leave your day job, you could always startup on the side. Try to make this something you’ll really enjoy, as the extra work can take its toll on your mental health. Maybe you could sell your skills online, tutor people in a subject you’re knowledgeable about, or get creative and sell your wares. You have lots of options. It might even become  your full time gig after a while. You’ll never know if you don’t try.


Become Happier

Many studies all over the world have shown that there’s one main thing you need to do if you want to increase your income. Become happier! Happy people make more money, regardless of where they started out. If you can find a way to feel happier in your everyday life and worklife, you should find yourself making more money over time.


Develop A Money Mindset

Many people say you need to develop a money mindset if you want to increase your income. This means changing your thinking around money from negative to positive. It also means realising there’s plenty for everyone, and being grateful for what you do have. When you do this, you’ll be surprised at the numerous ways in which money flows to you.

There you have them; the best kept secrets for increasing your income. You’ll be surprised at how they help you to reach your financial goals in the long run.

Help! I’m A Twenty-Something With Literally No Idea What I’m Doing With My Money

First of all, calm down. It’s not that uncommon to find yourself thinking very seriously indeed about your finances well into your twenties or beyond. The fact that you’re starting to ask about these things is important in and of itself. The answers to those burning questions aren’t all that difficult, either. In this article, we’re going to look at organization and decisions that are going to help you stay independent for the rest of your life.


Making sure you have those extra pennies

To start taking the steps you need to really use your money, you’re going to have to start saving. When you hear about saving or starting a budget, you think of penny pinching. You think of all the negative connotations. What you need to think about is the extra money you’ll be getting. You don’t have to skimp on a lifestyle. You just need to start measuring your essential costs and your non-essential. Allow for luxuries, but put a cap on them. Make sure you have that extra money left over. We’ll explain why, now.


Set up your fortifications

As you’re undoubtedly aware, life doesn’t always go easy on you. There are bumps in the road willing to give you a hard time and bite a chunk out of your wallet at the same time. That extra money you’re saving should be going, in part, to preparing for those road bumps. For one, you need to set yourself up with an emergency fund that can help you prepare for the risk of employment and other costs. Sites like detail just how useful they can be. Then you need to think about your insurance and what needs to be covered.


The future is now

You need to think well beyond the immediate trouble you could get into, as well. We all have futures we want to safeguard just as much. You don’t want to be working well into your retirement age, after all. The sooner you start contributing to that, the better. If you have any family, then you should already be thinking about how to provide for them. Not just by formalizing an inheritance for them. You should be considering steps like, too. Otherwise, your legacy for your loved ones might be a list of expenses.


Fighting the dragon that is debt

Your future is going to be a lot harder to deal with the longer you have debt hanging over your head. It’s all about evasion and management. Not all debt is bad. Using your credit towards investments is the way you should be using it. Dipping deep into overdrafts and credit cards for luxury and lifestyle purchases, however, is not. Similarly, regardless of what debt you do or don’t have, you need to have a repayment plan set up. The longer you leave it to grow without chipping away at it, the harder it will be in later life. Tackle those debts with the highest and fastest-growing interests first. It might be tempting to get rid of the smaller ones first, but you’ll only be paying more in the long run.

Investment is for everyone

Of course, not all of your money is going to fight the boogeymen that are debts, expenses, and disasters. You should be growing your money, too. Working isn’t the only way you should be making money. and similar sites can help you spot investment opportunities that even newbies can use. You don’t have to hesitate just because you weren’t raised to know investments. It’s not as difficult to manage as you might imagine.


Adulting 101

Mostly, getting to a level of savvy financial independence is all about good housekeeping. You need to avoid bad habits like using your parents or siblings like a bank, for one. Then you need to get in control of your money. Organize your financial records, like your tax, insurance, and other records. Make a filing system, electronically and physically. Set up a calendar to help you do those major budgeting and tax tasks each year. Organize it as you would if it was your job. You stand a lot more to gain when you’re being professional for your own monetary future.

With the help of the above tips, we hope that you’re going to have a much more secure financial future. It’s not enough to gather this knowledge, however, you have to use it. You have to start contributing to your future by getting yourself in order now. You have to prepare yourself for potential threats to your finances and stop making the mistakes that it’s so easy to make in younger life. We wish you all the best with your future financial endeavors.

Think Investing Is Just For High Rollers? Think Again


If you’re a human being with a pulse, you are no doubt frustrated about the lack of returns on savings accounts today. What the heck is going on?

The current savings situation is hardly ideal. But that doesn’t mean that there’s nothing you can do to grow your wealth. The good news is that investing isn’t just for high rollers anymore, it’s for the little guys too. Here’s how to get started in the investment world and finally earn a decent return on your money.

Start With Investments That Are Familiar


The smartest investors specialize in the areas in which they are interested. If you’ve been a film critic all your life, don’t immediately jump into funding dozens of biotech startups. Look into opportunities in your own field and put money behind projects you think will work.

Don’t underestimate the power of your own expertise. Often you’ll be able to spot an opportunity that the big investors can’t see. You can buy up shares while they’re still cheap and then wait for interest in the firm to grow before selling them on.

Get Somebody Knowledgeable On Your Side

Investment advice, like investment planning services by PDS Planning, can help new investors. Advisors can design an investment strategy built around your goals. And they can give you valuable information, like the historical performance of a stock you’re interested in buying. Remember, data have shown that over the long term, equities outperform cash savings. So if you are looking for long-term investment advice, make sure you find someone who knows about the ins-and-outs of equities.

Diversify, Even If You Think You Can’t Afford It

Not everybody who starts an investment portfolio can afford to diversify immediately. But diversification is important, not least for reducing the amount of risk you’re exposed to. So what can beginner investors do? One option is to invest in mutual funds and exchange-traded funds. These are good options because they are financial products already linked to a basket of investments. These baskets often contain enormous asset values in the region of $500 million to $1 billion. As a result, risk is spread across dozens of financial assets.

It’s worth noting, however, that when you invest in a mutual fund, you’re effectively handing over your money to a manager. It’s the mutual fund manager who ultimately decides on how the fund will be allocated. You might be quite happy for somebody else to do this on your behalf. But, remember, it takes a lot of the control away from you.

If Everybody Else Is Going In One Direction, Go In The Other

Jim Rogers is a legendary, Singapore-based investor. He often gives his opinion about how investors should invest on podcasts and radio shows. His advice is to look at where everybody else is going and turn around and go in the opposite direction. He says that he has made his career out of looking for opportunities in places that nobody else sees. He’s famed for being bullish on places like Myanmar and the Far East.