Here are some realistic, tried and tested way to increase your income. Especially if you are working and that too in Pakistan.
1. additional education or training: Acquiring new skills or knowledge can open up opportunities for higher-paying jobs or promotions. (negotiate a raise, enter a higher paying industry / career change / change jobs to a better paying company.
2. Start a side hustle or freelance work: Utilize your skills or hobbies to generate additional income in your free time. Maybe you have digital skills, Monetize a hobby or passion:, maybe you can make wooden furniture, epoxy furniture, Maybe you can start a small leather belt factory. You write a digital book and publish it… Anything.
3. Reevaluate your assets, dead investments… Maybe you have a spare room, portion, house, dukhan, warehouse.. anything.. put it on rent, put it on Airbnb, people have converted barns into mini huts for tourists. if you live in a scenic area.. people are even placing tents in their land, garden and selling on airbnb. Maybe you have a car that is not driven after work time. put it on Uber/Careem/in-driver etc. Look at what asset you have that you are not utilizing, maybe you have a killer skill and you are really good at it.. start teaching part time.. this could also be your business. Then look at Dead investments like Plots, land, Gold and see how you can spend a few months actively liquidating it and re-investing it.: sell the plots you have that are dead, even if its at a slight less price than market. to get cash .Invest in stocks that pay dividends, maybe you have trees on your land that can be cut and sold, Maye your house, or land is on a busy road, add a billboard. Recently I took my team to ISB and we booked several houses, each time we got upstairs portion and we paid around 40-45,000 per night. or other assets: Investing wisely can generate passive income through dividends, capital gains, or rental income.
Remember, the success of these methods may vary depending on individual circumstances and market conditions. It's important to assess your own skills, resources, and interests to determine which strategies are most suitable for you.
4. BONUS: Try to do things as quickly as you can. Make time a priority in order to get an advantage over others.
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