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Want to earn more? 3 Smart ways to boost your income

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Everyone would love to make more money, and with the number of options that are open to us today, there are more ways than ever to do so. The internet has done a great deal to democratize the world of business and finance, and it’s easier to be an entrepreneur or investor now than it was 20 years ago. You also have time tested methods that have been used to make money since forever, and these can sometimes be much more accessible than we may imagine. Here are three smart ways that you could improve your income.

Learn how to trade

There are so many ways that you can trade today, even with limited capital. You have tons of options like the Forex or options trading that allow you to control lots of capital with a small starting position. However, these are not for everyone, and options in particular can be complex. But, once you learn how to do it successfully it could become a great way to either supplement your income or become a full-time trader.

Some of the things that make options so attractive are that they have fewer risks, allow you to make money whether the markets are up or down, and don’t require that you stay glued to your computer like with day trading. On the other hand, they can be risky since using leverage can go both ways and expose you to great losses if you don’t take the right approach. This is why it’s important that you have a solid foundation before you start trading; start mirroring other people’s trades at first, and do some paper trading before you decide to take the jump.

Learn a skill

It’s sad to see how many people undervalue the trades, but learning one or multiple skills could open you up to all sorts of possibilities. The future of the work and business landscape is tied very much to upskilling.

Expanding on your existing skills creates a path for career growth. Taking courses, reading books, listening to podcasts, spending time with mentors or being coached allows you to learn, keep up with industry developments, build self-awareness and stay fresh.

With the explosion of online courses and on-demand learning you may not even need to leave the office to upskill. But the right in-person learning experience can make it easier to immerse yourself in the topic. A deliberate change of environment can change your perspective. Value yourself and your contribution by requesting time and support for regular learning.

Write a book

Writing a book is much more accessible than people may imagine, and can be a great way to build residual income. The fastest route to selling a book is to create an eBook. You don’t even need to write it either. You could literally have a complete eBook written for you by a ghostwriter and put your name on it.

If you want to take this approach, however, we suggest you do so with a subject you have some sort of expertise in. This is because you will eventually have to interact with your audience at some point if your book is successful and has a following, so you want to seem knowledgeable and credible when talking to them.

Publishing an eBook is extremely easy, and building a selling page can literally be done in one day. All you have to do next is to find the right audience and send traffic your way.

These are all possible ways to earn more money. However, while they are all accessible, you have to make sure that you know what you’re doing first if you don’t want to end up losing money, time, or both.

About Joniel Suezo

joniels@thebusinesswomanmedia.com'

Joniel Suezo is an outreach specialist at Smashdigital, and hardworking mother of two – keen to get ahead and see other women do the same.

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    1 Comment

    1. aladealex333@gmail.com'

      Alex Alade

      July 8, 2020 at 1:32 pm

      this is an excellent idea and really wanna be part of this training, how can I partake in the program.

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