Supplement Your Income

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When you have taken steps to trim your expense, it is also prudent to look for additional income sources to offset rising cost of living and to save more for rainy days. When you reduce your expenses and supplement your income at the same time you are taking a two-pronged approach to financial freedom.

In Chinese there is a saying: ???? (Kai yuan jie liu). It literally means opening up more incoming water sources and reduce the out flow of water.

What can you do to bring home additional income? You can consider the following;

Writing: Be a writer and send your articles to major newspapers or magazines. You can also create a blog at blogger.com to write unique and original articles regularly and collect earnings from AdSense.

Teaching: Provide tuition in English. As you know the standard of English has gone to the dogs. You can use your language skills to make extra bucks.

Financial services: If this is your cup of tea you can be a financial planner or an agent selling insurance products or unit trusts.

DJ: You can turn your passion to good use when music is in your blood. You can be a part-time DJ at one of the local entertainment outlets

Photography: When you are good at taking photographs become a freelance photographer to make some money by helping others to capture those precious moments at wedding, functions, birthday parties or even commercial gigs

Event Organizer: Be a party planner and organize annul staff party for companies, company outings, wedding and functions

Your spouse: Your wife may be good at cooking certain dishes, cakes or desserts. She can starts a small stall and sell those items for half a day.
She can also take care of infants or children during the day for working couples. She can also be a fashion designer if she has a flair for it.

Part-time accounting: Help small businesses to keep their books for a fee.

The list is endless. Think of something you enjoy doing and turn it into a lucrative source of additional income.

Charles Chua C K  devotes his time to writing articles about his past experiences relating to health, career, money, home, relationships, education, happiness, Feng Shui, writing and more. The aim of his articles is to share useful tips about life with his readers. Please visit his blog at allaboutlivingwithlife.blogspot.com

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