Probably you earn a pretty fair salary but with the number of daily pressing requirements such as school fees, paying debts and home expenses, it is becoming hard for you to survive. Living a comfortable life financially, nowadays calls for expanding one’s source of income. This also requires looking for available options in order to expand your earnings. According to business personnel James Kadimba, increasing your income requires upgrading skills and level of education. Upgrading one’s education level means a lot for financial growth. For instance, the more one is educated, the higher the chances of securing a better job position or promotion which comes with benefits and more money, he says. For him, many employees get so comfortable with their job positions, something that keeps them from challenging themselves for a better position. In the long run, this creates laziness. However, employees that take on more learning and extra skills, have more chances to work for bigger companies. This doesn’t only sharpen their experience, but it also pays off financially. Kadimba also carries on that, alternatively you can consider starting up a business on the side. But knowing the kind of skills that can earn you money in a short while, and mostly, knowing what you love doing most is important. It can be catering, baking, writing, photography or videography, hair styling, among others. He notes that it is advisable to start something that you’re passionate about, and that the side hustle shouldn’t occupy you more than the main job. He also urges proper planning to hinder burnout. The business personnel stresses that you can also ask for a salary increment or job promotion in case the company you work for announces any vacancies. When you’re ready to take on more responsibilities and work on new projects, it may be time to ask for that promotion. He says that asking for a promotion at the right time also matters, for instance, when the company advertises for new positions or if it’s making more profits. “Look for a new job. If you have been working for the same company for quite some time, like three years or more without any pay rise, it’s high time to call it quits and look for a better paying job,” he says. For Natacha Ingabire, an entrepreneur, everyone is gifted with some skills that they can put to use in creating multiple sources of income. You can decide to offer online lessons in music, dance, cooking, and sports among others. There is market out there for all of those, she says. She points out that the power of social media marketing in business around the world shouldn’t be taken lightly. Although some businesses understand the importance of this medium, a number of them don’t know how to exploit it which is an advantage for those that understand it. “There is chance to make a living through social media by marketing for a number of companies with smart posting of products or services that can grab consumers’ attention,” Ingabire states.
