Supplement Your Income

Supplement Your Income

When you have taken steps to trim your expense, it is also prudent to look for additional income sources to offset the rising cost of living and to save more for rainy days. When you reduce your expenses and supplement your income at the same time you are taking a two-pronged approach to financial freedom. In Chinese, there is a saying: 开源节流 (Kai yuan jie liu). It literally means opening up more incoming water sources and reduce the outflow of water. 

 What can you do to bring home additional income? You can consider the following; 

  Writing: Be a writer and send your articles to major newspapers or magazines. You can also create a blog at blogger.com to write unique and original articles regularly and collect earnings from AdSense.

  Teaching: Provide tuition in English. As you know the standard of English has gone to the dogs. You can use your language skills to make extra bucks. 

  Financial services: If this is your cup of tea you can be a financial planner or an agent selling insurance products or unit trusts. 

  DJ: You can turn your passion to good use when music is in your blood. You can be a part-time DJ at one of the local entertainment outlets 

  Photography: When you are good at taking photographs to become a freelance photographer to make some money by helping others to capture those precious moments at wedding, functions, birthday parties, or even commercial gigs 

  Event Organizer: Be a party planner and organize an annual staff party for companies, company outings, wedding, and functions 

  Your spouse: Your wife may be good at cooking certain dishes, cakes, or desserts. She can start a small stall and sell those items for half a day. She can also take care of infants or children during the day for working couples. She can also be a fashion designer if she has a flair for it. 

  Part-time accounting: Help small businesses to keep their books for a fee. 

 The list is endless. Think of something you enjoy doing and turn it into a lucrative source of additional income,

Image source:https://www.youtube.com/watch?v=DxfDQ1hOhyI