5 Ways to Increase Your Income this 2016

Are you about to give up on your New year's resolution kasi February na?

Don't be. There is still plenty of things you can do to follow through and continue your year right.

If you are looking for options on increasing your income but you have no idea where to start.

Read this. Check 5 simple ways on how you can grow more your income this 2016.

1. Do more Overtime
Nothing more than increasing your productivity while at work.
Look around the place where you work in. Ask for some extra jobs pending to be finished and get paid extra overtime.
You can also add more energy and enthusiasm on your workplace- bringing positive vibes in.

Who knows you might get promoted and get more pay due to that vibrant attitude.

2. Get a Part-time Job
If you got extra time during your off hours. You can do a part time job.

Look for extra job that you can do to earn more money. This can be nearby office where you are currently working or near your house.

Try to explore also and look for online jobs that you can register and get some fees from the service you render them.

You can use online jobs like 199jobs.com and others waiting for your skills to get extra income.

3. Sell something you are good at

Service
If you are good on specific skills monetize it.

You can try teaching people skills that you are good at. Example if you play good basketball than most people.

Try offering classes to those that are aiming to be better. Offer this and you will be surprised a lot of people are willing to pay for your basketball skills.


Product
You can also opt to sell some products that are personally made.

 You can use some recyclable materials and turn them into something worth buying. You have helped re-use garbage at the same time saved the environment from trashes.

Again, be creative as you can and look around you stuff that can be transformed and earn from it.

4. Get an Insurance

Health Insurance
How on earth can I have more cash when I get insurance?

Mas nababawasan pa nga income ko diba?

Well yes nababawasan but how about if you got sick and you do not have any insurance to cover your treatment and hospitalization? Diba mas magastos yon?.

Again, insurance would actually save you more cash if inevitable circumstance comes.

Life Insurance
I understand a lot of Filipinos are afraid of insurance because of closures of past insurance companies.

Due diligence on choosing the right insurance company will help you get what you really need and remove the fear of that company closing down.

Life insurance gives enough cash for your family to adjust their life if in case something happen to you out of the plan- like untimely death or disability.

The important thing here is you are not a burden to your family financially if somethings happens to you.

They do not need na mangutang or mabaon sa utang para lang sa iyo cause you are covered by your insurance.

5. Invest in Paper Assets
Mutual Funds/ Trust Funds
Grow your cash by getting a fund manager to manage your money. This is helpful to those who really do not have time to monitor and study the stock market and economy.

Stocks
This is reserved for those who wanted to have more earning potential.

Along with it you have to take note risk are higher than funds closely monitored by professional fund managers.

Again at the end of the day its your risk appetite that plays in terms of investing in paper assets. Remember that it should fit your personality and purpose in growing your paper assets.


There you have it, 5 options you can use  increasing your income potential this 2016.

To your Financial Freedom!