Fortunately, we are increasingly clear about the importance of saving for retirement. But, we are not so clear about the amount we need to save or, the money we need to earn so that the savings are adequate.
Surely you have heard many times the advice that says, the sooner you start saving the better for your pocket. In the following link you can see what happens depending on the age at which you start saving.
The problem is that we are not always clear about how much we need or can save everything we would like.
In those cases it is interesting to consider other options. And if you can not cut your expenses further, you may have to find ways to increase your income . These would be five relatively simple ideas to try to earn more money each month.
Take advantage of your experience and knowledge
At this time a commercial brand is launching an advertising campaign based on the experience of a man who, without prior knowledge in the field, has been able to build a sports car, convertible and electric. The main resource that this man has used for his project has been the knowledge that other people shared through the Internet .
The truth is that the specialized demand for information is growing . People go to audiovisual or content platforms in search of information and knowledge. Although income is no longer what it was, it is true that a good YouTube channel or a good thematic blog can provide you with medium-term income .
Sell what you do not need
Although it can be a timely fact, that is, it will not provide you with income on a continuous basis, a good audit of those things that you do not really use can make you earn good money with your sale.
Today there are many platforms for the sale of all types of second-hand objects . In addition, thanks to the Internet, no matter how rare the object is, you are very likely to find a buyer, remember that you access a global market with huge customer potential.
If you have a commercial idea, start it up
When we talk about selling through the Internet we imagine the creation of expensive portals and websites in which to invest a lot of money and time. Obviously, this may be so, but it doesn’t have to. The reality is that you can have an online store through platforms such as Amazon without making the investments that an online business would require.
If you have a commercial idea, either because you manufacture a product in your spare time or because you detect a good business idea, using these commercial platforms can be a great idea to increase your income.
Spending less is always earning more
Really getting more monthly income does not just go by looking for new sources of income, perhaps the first thing you should do is analyze the relationship between what you earn and what you spend .
Being able to reduce our expenses is much simpler at the bottom of what it seems, it is about applying logic and not using our economic resources beyond what is strictly necessary if we cannot afford it.
The best way to exercise this control is to create a good budget that is based on an in-depth analysis of your expenses . You can probably cut a high percentage, if I have never done them before, simply by comparing service offers, and, trying to lead a slightly more frugal life.
May your money work for you
Even for people who are not professional investors, the search for performance for our money is at hand.
For example, using products such as savings insurance in which to place our monthly savings, but also, looking for all the opportunities that arise from profiting our assets. This can range from renting a second home or a room to our main home, to placing our liquid money in savings accounts with availability , and so on.
In general, it is about combining the profitability of long-term savings with the options of immediate profitability that our equity can offer.