5 Things You Must Do To Make More Money Every Year

According to Paige Robinson, real estate investor and owner of House Buyers, the key to making more money each year is to have a clear understanding of your financial goals and work toward them consistently. 

She said, “Start by assessing your current financial situation, understanding your income and expenses, and then setting achievable goals for the next year.” 

She said this can include increasing your income by a certain percentage, reducing your expenses or investing in a specific asset class. “Having a plan in place will help you stay focused and motivated to achieve your financial goals.”

Relying on a single source of income can be risky, Robinson said, as it may be affected by economic changes or personal circumstances. She said, “It’s important to diversify your income sources to ensure a steady stream of revenue.”

She added that you can achieve this through side hustles, passive income streams or investing in different assets such as stocks, real estate or businesses. 

“By diversifying your income,” she said, “you can mitigate risks and potentially increase your overall income over time.”

Angela Wang, owner of We Buy Houses 7, suggested Taskrabbit.

She said, “It’s a fantastic website that links people in need of assistance with various jobs to those like you who are willing to provide a helpful hand.

“You can provide your abilities and services for a variety of activities, from basic housework like organizing and cleaning to more specialized work like assembling furniture or even serving as a personal assistant.”

All you need to do is set your fees, emphasize your areas of experience, create a profile and start searching for projects in your area that pique your interest. 

She said your reputation will improve as you finish projects, and the more favorable reviews lead to more customers and business prospects. 

Wang said, “You may consistently earn extra money with Taskrabbit while positively impacting people’s lives year after year.”

If you’re searching for a flexible method to supplement your income, Wang suggested driving for well-known ridesharing services such as Uber or Lyft. 

“Imagine being able to set your own hours and location for work and being your own employer,” she explained. “You may begin taking trip requests through the rideshare app as soon as you complete the qualifications, which include having a valid driving license, a spotless driving record and access to a qualified car.”

She said every ride offers you the chance to make money, whether you’re giving someone a safe and pleasant journey to work in the morning or driving a group of friends to a special event. 

“What’s the finest thing, then?” she asked. “You might raise your revenue by carefully selecting busy times or peak hours. In addition to making money, offering amiable and dependable service will provide you the opportunity to network with intriguing people.”

“Are you an avid photographer?” Wang asked. “Why not make that love of yours a successful business?”  

She said stock photography sites such as Shutterstock, Adobe Stock and Getty Images allow you to market your skills and sell your gorgeous images to people and companies who require eye-catching visual material. 

“You receive a royalty or a cut of the sale each time someone buys a license to use your image,” she said. “Remember that developing a varied portfolio and regularly adding fresh, original photos can boost your chances of drawing in clients and making more money in a prolonged period.

“Take out your camera, see the world through its lens and let your artistic abilities blossom while steadily increasing your revenue.”