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One of my favorite author, David Bach, shared his latest article called “Five ways to Grow Your Income by 20 Percent” over Yahoo! Finance which I would like to bring on your attention.

Way 1 : Change your thinking by asking positive questions

David says that people always ask negative questions, such as why I’m broke, why I have so many debts. Those questions won’t bring you anyway but bring down you confidence and action power. However, if you change your questions to positive question like “What I can do to make more money?”, then your action will totally different.

Way 2 : Start a side business

Starting a side business always is a good way to bring extra income for you. You can start a business based on your abilities, knowledge or even you hobby. You also can start an online business and start making money over the internet. But of course, you must a plan and take action.

Way 3 : Raise your rates

Raise your rates for your business or service. This is the fastest way to make extra income for yourself. However, you must survey your customer carefully and raise your rate between their preferences. If you raise more than that, you business might be affected.

Way 4 : Get extra work

You can always sign up for more works to make more income. Maybe you get more works in your current job or looking for a part-time job to make extra income.

Way 5 : Get a raise

Are you a hard-working and dedicated employee? If yes, then you can ask for a raise from your boss. Your request must be reasonable.

It is good to make extra money. However, if you don’t use it to pay down your debt, make more saving and investment, you are going no way. So please remember: Grow your income, not your lifestyle.

Source : David Bach over Yahoo! Finance

Ways To Make More Money