The Feasible Ways You Can Boost That Income Stream | Get Financial Freedom Tips | Transform Your Financial Future


Thursday, October 5, 2017

The Feasible Ways You Can Boost That Income Stream

Many of us could all do with a little more money behind us. Perhaps you want to add to a savings account, invest in property or even just have some extra funds each month for little luxuries like holidays, etc. However, for a lot of us, we are stuck on a fixed wage each month, and once those bills are all paid, there may not be much left for all the little extra luxuries in life. But, it doesn’t have to stay this way. I thought I would share with you some of the feasible ways you can boost your income stream. I hope it helps you to feel inspired about making some extra money. 

It all starts with current outgoings

One of the first things you need to do is look at your current outgoings. Sit yourself down with your last three months bank statements and look at every debit from your account. You may be surprised to find that you could be paying out for things such as gym memberships, magazine subscriptions or other payments you thought you had cancelled. Sometimes these small amounts go unnoticed each month, but they can all mount up. You might also want to look at your regular payments like energy bills. You might be able to see if any other companies will offer you a cheaper deal. Just doing this can boost your income. 

Boost your income

Create a smartphone application

There always seems to be some latest smartphone application success story, doesn’t there?. The person that thought out a game from their bedroom and developed it to make millions. The app that people just can’t live without. But the long and short of it is that you could create one yourself. You need an idea, and some time to develop. Perhaps even some investment for developers accounts, etc. But thankfully, there is a guide to SDLC phases to help you navigate some of the background of the software and development needed.It can be done, and it could be your ticket to good fortune.

Create a website or blog and make money from it

If you like the idea of using a digital entity to earn some extra money then monetising a website or blog could be the answer. Whether starting from scratch or using one that you already have,  it could be a great idea to boost your income. There are many things to consider such as affiliate marketing, sponsored content and advertising campaigns. Some people who have done this have gone on to make six figures from their blog or websites. Which is pretty incredible.

Be proactive with side hustles

Side hustles can be a mixture of many income avenues and things to bring in various amounts of extra income. It might be filling out surveys online one day or completing mystery shops the next. It could even be online methods such as website or application testing. Having a few different side hustles always means your income stream is open. 

Get decluttering your home for an instant boost to your income

Finally, consider looking around your home and decluttering some of the items you no longer want or need. Perhaps it is something electrical that you have already replaced, clothes you no longer wear or children's toys that no longer get played with. Websites like eBay offer a great facility to rid yourself of unwanted items for cash. 

I hope this helps you to boost your income stream. 

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