6 Ways To Boost Your Income In 2021
Start writing a post

6 Ways To Boost Your Income In 2021

Increase Your Current Income

6 Ways To Boost Your Income In 2021

If you are beginning to feel as if you cannot sustain your lifestyle on your current income, or if you want to add a few more luxuries to your life, you might be looking at how you might be able to increase your annual income. Boosting your income is not always as difficult as you might expect, and this guide will explore some of the best ways that you can boost your income in 2021.

1. Invest in a holiday let 

Holiday lets are one of the best ways that you can create a relatively passive income for yourself while managing to dedicate the majority of your time to a 9-5 office job. In fact, after some years, you might even be able to live off your holiday let income completely, especially if you have bought multiple properties in an attractive location.

Then, you should consider investing any spare savings that you have to your name into a holiday let. However, before you can let this accommodation out to potential holidaymakers, you should consider looking at your holiday let mortgage options at Holiday Cottage Mortgages first, as they will help you to find a mortgage that suits you and allows you to let a holiday house or flat abroad.

2. Ask for a pay rise

One of the simplest ways that you can boost your income without having to put more time and energy into your money-making schemes is to ask your boss for a pay rise. Asking for a pay rise can be daunting for many people, though, especially if you have not been working for your company for that long.

Then, you should first make a list of all the reasons why you think that you are deserving of a pay rise and spend time ensuring that you are an exemplary employee- and that your boss knows this.

You should then call a meeting with your manager or wait for your performance review, where you can then host a two-way discussion with your manager about your reasons for wanting a pay rise. You should always have a backup plan, though, or even be prepared to find a new job if your request goes wrong.

3. Find freelance work

Freelance work can be performed in many different industries, and this means that most people have skills that can allow them to get the freelance work that they want to boost their income. Freelance work is an excellent option as it can be performed around your current job and your other commitments, meaning that you can juggle all of the important aspects of your life at once.

Not only this, but you only need to do as much freelance work as you can manage, even if this is only one project a month. It is relatively easy to find freelance work, and you can do this by looking at freelance websites such as Freelancer and Upwork.

4. Commit to overtime

If there is no chance of promotion within your company and you believe that you might struggle to perform more than one job at once, you should consider doing overtime every so often within your current firm. Working overtime will allow you to get more pay for longer hours, completing the work you need to while getting the extra money you need for luxuries, including your next vacation.

However, you should be wary of taking on too much overtime, as this can lead to exhaustion and burnout, and you may soon stop performing your work to a high quality.

5. Get promoted

If you want to boost your income in the long run, you should consider taking the steps that you need to get promoted. Getting a promotion can take time. However, it can progress your career while giving you more money each month and can allow you to take on new responsibilities that can keep you engaged in your job and the company that you work for.

6. Sell your stuff

A quick way of making money is to sell your possessions, especially those which are in good condition and yet you do not use or need anymore. This will allow you to get a few extra dollars into your bank account each month.

However, selling your possessions is not a sustainable way of making money, and you may find that this only gives your income a one-off boost before you are unable to find more than you want to sell, especially if you are a minimalist.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.

Ask Your BFF These 20 Questions To See If They Know You As Well As You THINK That They Do

Ask your best friend these basic questions to see just how well they know you.

Ask Your BFF These 20 Questions To See If They Know You As Well As You THINK That They Do

My best friend has been in my life since we were 3 years old, now that we are adults now, I'd like to ask her these questions to see how well she knows me.

Keep Reading... Show less

Alone At The Met

I survive a day alone in NYC.

Wikimedia Commons

It was six in the evening. I was sitting in the courtyard of a Renaissance-era Italian villa, glancing around at the statues, most notably one of a boy removing a thorn from his foot. Despite the supposedly relaxing setting, I was incredibly anxious. My phone was at less than 5 percent battery, and once it died I would be completely disconnected from my family and peers, alone in one of the largest art museums in the country.

Keep Reading... Show less
Student Life

College 101: How To Ease The Back To School Blues

Getting back into the school groove when you just can't seem to let go of summer.

Beyond The States

With fall classes just beginning, many of us find ourselves struck with summer withdrawals. Especially for those who refrained from taking courses over the summer, it can be quite difficult to get back in the swing of things. Fortunately, there are various ways to help make the transition back to college as smooth as possible.

Keep Reading... Show less
Dating Apps

We Met At A Bar

Salvage what you can; if you can't, it's alright to walk away.

We Met At A Bar
Anne Waldon

We met at a bar.

Keep Reading... Show less

The Mets And Me

They may be the worst sometimes, but this baseball team has given me more than I could ask for.

Rich Schultz/Getty Images

On September 3rd, 2001, a sea of children littered my home's navy-carpeted den to watch baseball during my dad's 40th birthday extravaganza. A baseball game flickered on the TV, and a red and blue bubble of a scoreboard sat in the bottom right corner of the screen. The New York Mets and the Philadelphia Phillies were in a wild game at Veterans' Stadium. As I, a five-year-old boy with a jumble of curly blonde hair, sat in the back of the kid clump, I wondered which team I should root for. After a long debate with myself, I decided that I should root for the team that's winning (duh). But, as the ninth inning rolled around with the Phils maintaining a 7-5 lead, some magic occurred. The Mets put up five runs in one frame, stunning the Phillie fans in the room and winning the game 10-7.

Keep Reading... Show less

Subscribe to Our Newsletter

Facebook Comments