 How to earn more money? Five ways to boost your income. To achieve financial freedom, you have to earn more money and save more money. Saving more money, however, can be difficult and slightly insignificant if your earning potential is low. For instance, consider someone who earns $50 monthly and saves 50% of what he earns. Imagine a second person who earns $150 and saves just 30% of his monthly income. Which of both parties will generate more money at the end of the year? Of course, the man who earns more, even though he saves less, hence the need to boost one's earning potential and passive income. According to American author T. Harve Ecker, you become financially free when your passive income exceeds your expenses. Saving more money will help you become financially free, before you know it, especially if you know how best to manage your income. Anyway, in this video, I'll share with you how to earn more money, five ways to boost your income. This, I believe, will help you become a successful person. If you're new here, consider subscribing so that you won't miss other interesting videos like this. 1. Pick up a side business Side businesses are businesses that you can launch on the side while working your full-time job. For instance, you can pick up becoming an Uber driver or you can become a product vendor for different brands and earn money on every item you sell or every referral that gets converted into a purchase. Some businesses might require your time while others will require your resources for the smooth running of the business. Depending on the flexibility of your full-time job, it is advisable to pick a side business that won't interfere with your current job while providing you with the extra cash that you need. Ensure that you are not putting more money into the business than you are getting out of it, since it is a side business. Stephen C. Hogan, a social entrepreneur, producer and writer said, you can't have a million-dollar dream with a minimum wage work ethic. If you truly want to make more money, then you should be ready to put in more work or at least spend more money to generate some more. 2. Consider Freelancing Thinking of writing or blogging, vlogging, coding and the likes? One thing that they have in common is that they can all be done or created from any location in the world. The most important thing is to get a result that is excellent and satisfying. There are a couple of online businesses that you can lay your hands on as a freelancer. For instance, you can consider writing for different websites or become a business strategist or digital marketer for any brand of your choice. In the case of starting a side business, you are entirely responsible for the growth of the business. But in freelancing, you are working for someone else to help build their business. You are an employee as far as the business is concerned. The only difference is that unlike your full-time job that requires your presence to function, working as a freelancer doesn't require you to be present. Also, the expectations are different from your full-time job. Here you are employed to work on different projects per time, not concerning yourself with the functioning of the entire organization or an entire unit. Three, make money with your hobbies and social media. Have you heard of influencer marketing? According to marketing schools.org, influencer marketing involves marketing products and services to those who have a sway over the things people buy. This market influence typically stems from an individual's expertise, popularity, or reputation. When a reputable or popular person or an expert of a field recommends a product, people tend to make purchasing decisions easily than when they just depend on random ads thrown here and there by marketers, especially in the world saturated by advertising and producers or makers lanehold to ridiculous claims. What does this have to do with you? I'll tell you. Say you like cooking or you enjoy reading books and doing a review. You can turn this hobby into a money-making opportunity by teaching people how to make different delicacies online or posting reviews of different books that you have read. As soon as brands in your industry start noticing the quality of your work and how well you are attracting and engaging with your followers and social media, they'll begin to pay to have you promote their brand or promote a product that they made. This method of earning money might take a little longer than the others, but when done properly, will earn you quite a lot of money. Four, become a business coach. If you've been in a particular field for a while and you can provide valuable insight and guidance to less experienced people or those who want to break into your field, you can offer your services online or offline. For instance, you can host a training class or lessons from time to time for those interested at a particular rate. Five, be bold enough to ask for a raise or a promotion. This is one option majority look away from in the request to increase their income perhaps for fear of being turned down. However, before you consider asking for a raise, you should have a valid reason for a raise. For example, you recently completed a major project that made your company a lot of money. You've been putting in a lot of extra hours or you've been receiving rave reviews from customers. Also, you don't want to be asking for a raise every month. So make sure that when you do, it is because you truly deserve to be rewarded. Considering that it has been a while since you last got something rewarding. However, if after all these your boss says no, remember to be professional. Thank them for their time and ask how you might be able to secure a raise in the future. You never know. Maybe they'll recommend asking again after tax time or in the next quarter. Now you can start earning more money. Thank you very much for watching our videos. We'll like to give you another interesting video for you to enjoy next. But before then, our team will be very happy if you can like this video and share it with your friends on social media. If you're new here, don't forget to subscribe so you won't miss other interesting videos like this. Look at your screen now to see two other videos we handpicked for you to enjoy next. We love you.