For most people, a normal 9-5 job is what comes to mind when they hear the word income. It's the typical go to work and get paid by the end of the week or month. Income is and can be more than that. A developed definition would be money you're able to bring in directly or indirectly based on the value you've put out.
In this economic times, cutting expenses is just a temporary solution. A better solution would be to increase your income.
In this post, I'll share with you five ways to explode and boost your income.
Graphic designing is a visual profession, you have to design catchy images that attract people but how would it be if you compliment it with copywriting? You wouldn't not only able to create catchy images but also write catchy words with it. Now, the value of your service has increase which will automatically reflect on your price. Stacking skills on top of each other is one of the best ways to increase your value in the marketplace. The more valuable you become, the more you'll get paid.
With the internet and technology, starting an online side hustle is way easier than starting an offline one. Online side hustles range from offering services on your expertise level aka freelancing, selling products on online marketplaces or starting an ecommerce store, starting a blog website on things you're passionate about etc. Examples of offline side hustles includes tutoring, offering tech support, selling on food trucks etc.
Side hustles can bring in a decent flow of income from around $100 to $1,000+ per month, some can evolved into a full fledge business. In the beginning, you'll be spending more time than you expect. But as you progress and make name for yourself, you can spend an average of 3 to 4 hours on it per day.
In the short term, this might not explode your income but in the long term. If properly done, it could be your gateway to become wealthy. Think of it like a retirement fund.
(Not investment advice, for information purposes only. Please do your own research)
Let's see how it goes; If you've successfully started your side hustle then you have two sources of revenue, from your job and from the side hustle. Add the crypto investment and it's now 3. In time wise, you spend 9am to 5pm on your day job, then maybe 8pm to 11pm on your side hustle, the crypto investment is a weekly activity. So you have 3 sources of income and you only spend an average of 11 hours per day, that's 66 hours per week(excluding sundays). That doesn't seem overworking to me because there are people who work 80 hours per week without having anything to show for it at the end of the day.
Adding revenue streams doesn't only help create a safety net- in case you lost your day job - but it also puts more money in your pocket.
In business, it's building the product/service and generating sales. That's the most important thing, it's better to outsource the rest and focus on that only.
Why would you go to three different supermarkets just to compare the price of some items when you can. use that time to learn a new skill? Why would you spend more than an hour on the phone trying to close a sale when you can do it in 20 minutes or less? You have to learn to plug this 'time leaks' and focus on things that don't just get the ball rolling but make it faster. Efficency is what we're aiming for.
Strategic efforts help you in employing leverage, substituting volume of work to quality and precision of work. It could be the difference between plateau-ing an average of 40K per year in income to making 100K+ per year in income.
Which one do you think has the most Return On Investment (ROI)? Let me know in the comments....
@youngkedar98 
@cryptothesis