Whether you’re tackling the bite of inflation, gunning for big financial milestones, or just aiming to upgrade your lifestyle, there are practical ways to ramp up what you earn and earn money through various opportunities.
I’m Ramit Sethi, author of I Will Teach You To Be Rich and host of How to Get Rich on Netflix. I’ve tested a ton of methods to increase earnings. Think beyond your day job—from picking up freelance gigs online to making smart investments that pay off. You can also make extra cash by exploring side hustles. For a comprehensive list of the best side hustles to make money fast, check out my article on 50+ Best Side Hustle Ideas To Make Money Fast (+ #1 Secret).
Let’s explore top strategies that are not only practical but also proven to boost your bank account.
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Looking for how to increase your income but not sure where to start? Here are 19 straightforward and creative methods that can help you earn more. 
It’s amazing how many people stick with a low-paying job, feeling unhappy and underappreciated. A clear and confident request for a raise might change that.
Before you talk to your boss, get your facts straight. List your key achievements, how they’ve helped the company, like boosting sales, cutting costs, or improving client satisfaction. Also, know the typical pay for someone in your position within the industry to highlight if you’re being underpaid.
Timing can significantly affect the outcome. The best moments to bring up this topic are usually during performance reviews or at the end of your contract period when the discussion about contributions and future potential is already on the table.
Go into the meeting with a positive mindset and be ready to discuss. Lay out your case, listen to feedback, and be open to other forms of compensation if a direct raise isn’t possible right now, like bonuses or extra benefits
Side hustles are an effective way to supplement your income, strengthen your skills, and expand your professional network in your spare time. Whether you’re offering rides through Uber, delivering meals, picking up and delivering groceries, or teaching a specialized skill, the key is to pick an activity that fits seamlessly into your existing schedule.
For those who are tech-savvy or creative, online platforms like Upwork offer many freelance opportunities. Here, you can connect with clients in need of everything from graphic design and programming to marketing and writing services. This can be particularly advantageous for building a portfolio and gaining extra income without the commitment of a full-time job.
Turning a hobby into a source of revenue is another rewarding strategy. For example, if photography is your passion, consider selling your images on stock photo sites or offering freelance services at local events. Craft enthusiasts can capitalize on platforms like Etsy to sell their handmade items. Fitness buffs might look into obtaining a certification to coach or teach classes during evenings or weekends.
Many of us have items lying around that we no longer use, whether it’s old electronics, books, clothing, or furniture. Instead of letting these items gather dust, you can turn them into cash while freeing up much-needed space. Consider selling on online marketplaces like Etsy or Depop for items such as jewelry, art pieces, and clothing.
Depending on what you’re selling, certain platforms matter. For general items like furniture or household goods, Facebook Marketplace and Craigslist are great because they connect you directly with local buyers, saving on shipping costs. For clothing and smaller items, consider a yard sale or consignment shops, where foot traffic can lead to quick sales. Additionally, you can sell unused gift cards on platforms like Raise or CardCash to get a return of up to 92% of the card’s value.
When selling online, take clear, well-lit photos of your items from multiple angles. Write honest, detailed descriptions that highlight the item’s features and condition. This transparency builds trust with potential buyers and can help you sell your items more quickly.
Research what similar items are selling for and price yours competitively. Be open to negotiation; setting your initial price slightly higher can give you wiggle room to agree on a final sale price that feels like a win-win.
Sometimes the clearest path to a better paycheck is, quite simply, a new job. If you’ve hit a ceiling with your current role and see no signs of a promotion or pay increase, it may be time to bring your talents to a more lucrative market.
Explore Your Options: Begin by researching industries known for higher salaries that align with your skills and experience. Even within your current field, there could be opportunities that offer better compensation. Use job search engines, industry forums, and professional networks to identify these positions.
Update Your Resume: Make sure your resume is sharp and up-to-date, highlighting your most relevant accomplishments and the specific skills that add value to the roles you’re targeting. Tailoring your resume for each application can significantly increase your chances of landing interviews.
Networking is Key: Often, the best opportunities come from connections within your industry. Attend industry meetups, join professional groups, and update your LinkedIn profile. Engaging with your professional community not only increases your visibility but also improves your chances of finding out about job openings first.
Step Outside Your Comfort Zone: Switching jobs can be daunting, but staying in a stagnant position can be even more detrimental to your career in the long run. Be open to roles that push the boundaries of your current skills; such positions often come with higher financial rewards.
Check out our article on Jobs That Make a Lot of Money to discover the highest-paying careers in 2024.
The allure of passive income – earning money with minimal ongoing effort—is powerful and for good reason. It’s like setting up a small machine that keeps churning out money while you focus on other aspects of your life. But don’t be fooled; setting it up requires commitment and sometimes a bit of capital. Yet, the payoff can be substantial and long-lasting.
Start with Investments: one of the classic methods to generate passive income is through investments like dividend-paying stocks or bonds. These assets work for you, generating income regularly without your daily involvement. To get started, educate yourself on investment basics or tailor a portfolio that suits your risk tolerance and financial goals.
If you have the means, purchasing property to rent out can be a lucrative venture. Whether it’s a vacation home, a residential property, or even commercial real estate, rental income is a robust source of passive cash flow. Just remember, managing property comes with its responsibilities, so consider a property management company if you’re not keen on handling tenant issues and maintenance.
Creating digital products or online courses allows you to capitalize on your expertise. Design a course once, host it on platforms like Udemy or Teachable, and you have a product that can be sold indefinitely. Similarly, ebooks, PDF guides, or even YouTube tutorials can earn revenue through sales or ad placements.
If you run a blog, a YouTube channel, or even a popular social media account, affiliate marketing can be a natural fit. By promoting products or services, you can earn commissions from sales made through your referral links. Choose affiliates that resonate with your audience to maintain authenticity and effectiveness. Additionally, monetizing a blog through ads, sponsored posts, or selling your own products can be excellent ways to make extra money online.
Blogging remains one of the most profitable avenues for those looking to make a mark online. While it’s simple to start a blog, the real challenge is in nurturing it into a thriving online community that can also serve as a profitable business.
Your blog’s success hinges on the quality of its content. To stand out, focus on topics that you are knowledgeable about and passionate about. This authenticity attracts readers and helps retain them. Always aim to add value, whether through informative posts, how-to guides, or insightful commentary. You can also get paid for creating content for brands, which adds another revenue stream to your blog.
Engagement is critical. Respond to comments, participate in social media discussions related to your blog topics, and encourage readers to share their views. This two-way interaction fosters a community around your blog and helps increase your visibility.
Once you have a solid reader base, there are several paths to monetize your blog. Sponsored content is one option, where companies pay you to write about their products. Affiliate marketing can also be lucrative; recommend products or services and earn commissions on sales through your links. Additionally, consider creating and selling your own digital products like ebooks, courses, or premium content.
A successful blog requires a steady stream of content. Develop a content calendar and stick to a consistent posting schedule. This reliability keeps readers coming back and helps boost your rankings in search engine results.
User-generated content (UGC) creators are gaining popularity in digital marketing, and the good news is you don’t need thousands of followers to start. This role requires a sharp skill in crafting engaging content—be it photos, videos, or text—that brands can use in their promotions.
Focus on improving your ability to produce content that stands out. Whether it’s capturing high-quality images, shooting engaging videos, or writing appealing posts, your content should highlight products in a natural and appealing way.
Collect examples of your best work. This portfolio will be critical when you approach brands; it demonstrates your content creation skills and gives them a taste of what you can offer.
Start by reaching out to brands that fit well with your content style. Offer clear examples of how your creations can benefit their marketing efforts. It’s all about showing direct value to them through your unique content.
You can do this work alongside a full-time job, making it a flexible way to earn extra money. Prioritize tasks and set clear goals to keep both your job and your side gig running smoothly without overwhelming your schedule.
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Launching an online store is an accessible way to earn, especially with the myriad of user-friendly tools available today. Whether you’re looking to sell handmade goods derived from your hobbies or prefer a hands-off approach like drop shipping, there’s a model that suits your style and goals.
Start by deciding what products you want to sell. Based on your interests and skills, this could be anything from custom artwork to home decor items. A well-defined niche can help attract a dedicated customer base and set your store apart from competitors.
Platforms like Shopify, WooCommerce, and BigCommerce make it easy to set up an online shop. They offer customizable templates, shopping cart technologies, and payment processing—all the essentials to get your store running smoothly.
If you prefer not to handle inventory, consider drop shipping. This model allows you to sell products directly from a supplier who handles all the shipping and handling. Your job is to manage the online storefront and customer service. It’s a great way to start an e-commerce business with minimal upfront investment.
No matter what you sell, effective marketing is key to your success. Use social media, content marketing, and email campaigns to reach potential customers. SEO optimization for your store’s website can also help attract more visitors from search engines.
Gaining a professional certification not only enhances your skills but also boosts your resume, making you a more attractive candidate for promotions and new job opportunities.
Start by researching which certifications are valued in your industry. Whether it’s IT, project management, healthcare, or digital marketing, choose a certification that aligns with your career goals and can significantly enhance your job prospects.
Many reputable platforms offer online courses to help you prepare for certification exams. Look for courses that provide comprehensive materials and resources. Platforms like Coursera, LinkedIn Learning, and industry-specific associations are great places to start.
Earning a certification requires commitment. Set a realistic study schedule that fits with your current job and personal responsibilities. Regular, dedicated study times can help ensure you’re prepared for the exam.
Once you’ve earned your certification, update your resume and LinkedIn profile. Highlight your new qualification and be ready to discuss how it can benefit your current or potential employers during interviews or performance reviews. This can open up better job opportunities and help you earn money through career advancement.
Adjusting the tax withholdings on your paycheck can make a noticeable difference in your next paycheck, giving you more liquidity throughout the year.
It’s important to realize that reducing your withholdings means you’ll have more in your paycheck now but less tax withheld overall. You must ensure that you’re still paying sufficient tax over the year to avoid owing a large sum when you file your tax return.
To optimize your tax situation without risking underpayment penalties, consider consulting with a financial advisor. They can provide tailored advice based on your financial situation, helping you understand your tax deduction options and how to maximize them.
If you decide to adjust your withholdings, you can do so by filling out a new W-4 form with your employer. Carefully consider how much to adjust so that it reflects your actual tax liability, based on your total income, deductions, and eligible tax credits.
This strategy is about finding a balance that works for your financial needs while ensuring compliance with tax regulations. Proper adjustment of your tax withholdings can improve your monthly budgeting flexibility without leading to a tax-time surprise.
Investing your money involves a commitment of time and discipline, but the long-term rewards can significantly enhance your financial health.
Before diving into investments, make sure you understand the basics. This includes knowing different types of investments like stocks, bonds, and real estate, and how they work. Educating yourself by reading my guide on investing for beginners can give you the confidence to make informed decisions.
Don’t put all your eggs in one basket. Spreading your investments across different asset classes can help manage risk and increase the potential for returns. For example, while stocks offer high growth potential, they come with volatility. Bonds, on the other hand, generally provide steady, but lower returns. Real estate can offer both a steady income through rent and long-term capital appreciation.
11 Most Popular Investment Strategies for New Investors is also a must if you are getting the investing itch. 
If you’re new to investing, start with a small amount of money that you can afford to lose. As you gain more knowledge and experience, you can gradually increase your investments. Tools like robo-advisors or mutual funds can be a good starting point for beginners, as they automatically diversify your investments for you.
Investment markets can change, so it’s important to review your portfolio regularly. Adjust your investments as needed based on changes in the market or in your personal financial situation.
Renting out a room in your home is a straightforward way to generate extra income. First, ensure the room is clean, well-maintained, and equipped with basic amenities to make it appealing. Check local rental prices to set a competitive rate that reflects your room’s value and location. 
You can use popular platforms like Airbnb or Vrbo to list your space, which adds visibility and security to the transaction. It’s also important to understand any local regulations about renting out space in your home. For longer-term rentals, take the time to vet potential renters by checking references or reviews to ensure reliability and compatibility. This approach can turn an unused room into a steady source of income with minimal disruption to your daily life.
Learning a new craft like woodworking, knitting, or pottery offers a fulfilling way to generate extra income by selling your creations. Start by selecting a craft that genuinely interests you, as this will keep you motivated through the learning process. Invest time in improving your skills through online courses or local workshops, focusing on creating high-quality items.
Once you feel confident in your craftsmanship, begin selling your products. Online platforms like Etsy are great for reaching a broad audience, while local markets and art fairs provide opportunities to connect directly with customers. Consider the cost of materials and time spent when setting prices to ensure your work is both competitively priced and profitable.
Whether it’s a foreign language, a software program, or any other valuable skill, sharing your knowledge can be both rewarding and profitable.
Start by identifying your areas of expertise that others might find useful or interesting. Once you’ve pinpointed what you can teach, consider the best platform for delivering your lessons. You could give in-person sessions, but online platforms like Zoom or Teachable expand your reach and allow you to connect with students globally.
Next, market your services. Use social media, local community boards, or word of mouth to let potential students know about your classes. Be clear about what you offer, the outcomes students can expect, and the cost of your lessons.
Finally, ensure your pricing reflects the value of your expertise but remains accessible to your target audience. By teaching something you excel at, you not only help others but also turn your knowledge into a source of additional income.
If your job offers the possibility of extra hours, this can be an effective way to boost your earnings, especially if you’re working toward specific financial goals.
Before committing to overtime, consider your work-life balance and personal well-being. Overtime can provide a temporary financial lift but shouldn’t compromise your health or long-term productivity. Discuss with your employer the potential for overtime work and understand any policies related to overtime pay to ensure you’re compensated fairly.
Plan how long you’ll need to work extra hours—set a clear objective for what you’re aiming to achieve financially. This could be paying off debt, saving for a large purchase, or building an emergency fund. By setting a goal, you can measure your progress and determine when you might be able to return to a regular work schedule.
Working overtime can be a valuable option for quickly increasing your income, as long as it is managed well and aligns with your overall financial and personal goals.
If debts are weighing you down, prioritizing their repayment before seeking additional income sources can be a smart strategy.
Start by assessing all your debts—credit cards, loans, mortgages—and determine which ones carry the highest interest rates. These are typically your most expensive debts and should be tackled first. This strategy, known as the avalanche method, saves you money on interest over time.
Create a budget that prioritizes debt repayment. Adjust your spending to free up more money for this purpose. If possible, automate your payments to ensure consistency and avoid late fees.
Consider consulting with a financial advisor for strategies tailored to your specific financial situation. They can offer guidance on debt consolidation options or refinancing, potentially lowering your interest rates and monthly payments.
Renting out equipment like power tools, cameras, or camping gear is a straightforward way to earn extra income. First, make sure your gear is well-maintained to keep it attractive and reliable for renters. Set your rental prices by checking what others charge for similar items in your area, ensuring they’re fair but competitive. 
Use platforms like local classifieds or social media to advertise your equipment. Providing excellent customer service, such as being flexible with pick-up and return times and responding promptly to queries, can help you build a good reputation and encourage repeat business. By maximizing the use of equipment you already own, you can generate additional income with minimal investment.
Effective budgeting can maximize your existing income so you won’t need to find a side hustle. Start by categorizing your expenses to understand where your money goes each month. Identify non-essential expenditures that can be reduced or eliminated. Next, allocate a specific amount for necessities like rent and groceries, and set aside a percentage for savings.
Use tools like budgeting apps to track your spending in real-time, which can help you stick to your financial plan. Adjust your budget as your financial situation changes or as you achieve your savings goals. 
Reselling items from thrift stores can turn a profit if you focus on sought-after items like vintage clothing or unique collectibles. 
Start by developing an understanding of which items are in demand. This could involve some research into current trends or specific niches that are popular. Once you’ve honed in on a category, spend time in thrift stores and flea markets to find underpriced goods.
When you find items, list them on the appropriate platforms. For example, vintage clothing does well on Etsy or Depop, while collectibles might bring higher prices on eBay. Be sure to take clear photos and write detailed descriptions to attract buyers.
I’ve explored numerous ways to boost your income, and I can tell you from experience that each method has its own potential. Whether it’s capitalizing on your current job by asking for a raise, finding freelance gigs, making money online through platforms like taking surveys, creating content for blogs or YouTube, or generating passive income through investments, the key is to choose strategies that align with your lifestyle and goals. 
Prioritize approaches that not only increase your earnings but also enrich your life. With dedication and the right tactics, you can significantly improve your financial situation. I’ve seen it happen, and I’m confident you can make it work too.
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Host of Netflix's "How to Get Rich", NYT Bestselling Author & host of the hit I Will Teach You To Be Rich Podcast. For over 20 years, Ramit has been sharing proven strategies to help people like you take control of their money and live a Rich Life.
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