Since the new year is right around the corner I thought let's talk about
ways that we can increase our income in the new year.
Pretty much everyone wants to make more money.
It's just that we don't actually know how to do that.
In today's video, you'll learn exactly how you can make more money
so that you can become financially free even sooner.
I am Tiffany Thomas with wealthytiffany.com
and I achieved financial freedom and became a millionaire.
If you are looking to do one or both of those things,
then hit that like button and hit the subscribe button and we're going to dive right in.
I was thinking the other day about how I could increase my income
because that's kind of just what I do.
I like figuring out ways that I can make more money, because why not?
I was thinking about things that I've been good at in the past
and different ways that I have made money previously,
and then ways that I currently make money,
and then also what I like to spend my time on
and how I could monetize that. A lot of people watch a whole bunch of different
YouTube videos about how to make passive income because
well, there are plenty out there. And while these videos have great ideas in them.
A lot of people don't actually make passive income in those
ways because they aren't taking the action.
They don't feel connected to those ideas or they just feel a little lazy.
So, I want you to try something different today.
Well, of course, you can watch those videos and start to get different ideas.
I want you to start with yourself. I want you to ask yourself a few different questions.
The first question I want you to ask yourself is,
what are ways that you have made money in the past?
For me, one of those ways was having a 9 to 5 job.
So I want you to think about different ways you have made money in the past,
whether it is a significant amount of money
or just a very little and start making a list of all of these different ways.
And then the second question I want you to ask yourself
is, how do you make money currently?
Do you currently have a 9-5 job where you are
receiving a paycheck every two weeks?
For me, it is through my own business. I meet with people one-on-one.
I also have a book that people purchase. I'll leave a link below in the description.
Also through YouTube and of course, my rental properties and having roommates.
So, add to your list, the ways you are currently making money right now,
even if it is just one way, maybe it is only a 9 to 5 job,
or maybe you have a stock market investments that you are receiving
dividends from. And then the third question
I want you to ask yourself is,
what is it that you love doing
or just like doing something you enjoy spending your time
on and then how could you make money from that?
For example, I really like doing Zumba.
So I got Zumba certified and now I can teach at a studio
and make money from teaching Zumba, doing something that I love doing.
Maybe you are one of those people that really like driving around.
I know I have friends that always like to drive.
So then you could drive for Uber,
or maybe you are like my niece who really loves making crafts
and she sells those crafts online,
or perhaps you are musically talented
and you really love playing the piano or the violin or even singing.
And you can do music lesson, just start to think of different things that you really love doing.
Just make a list and then try to think of different ways
you could monetize those things. And this doesn't have to become your full-time job.
And then the fourth question I want you to ask yourself
is, what is something you were doing right now that you could monetize right now?
Maybe you are shoveling snow for a neighbor and you just do that every time it snows.
And the reason I'm bringing that example up is because it snowed a ton in Utah
the other day. I couldn't believe it. The snow was super deep.
I was coming home and I did a 180 turning into my neighborhood
and luckily there were no cars around and I did make it home safely,
but nonetheless a ton of snow. So I would have loved it
if a neighbor would have shoveled my driveway for me,
but maybe you just do that naturally.
So you could turn that into just a little bit of a side hustle
and expand that and then start asking other neighbors.
Oh, would you like me to shovel your driveway for ten dollars or five dollars?
Whatever it is and just start creating a little extra cash,
doing something that you are already doing anyway,
or maybe you cut some of your friends hair occasionally,
and you could start charging for that and cut some other people's.
Or maybe you really love gardening.
You could expand your garden and start to sell your produce.
I have a friend who has bee hives.
So he has a ton of honey and he is planning on selling that honey. He has them all bottled,
but he just hasn't started selling them yet.
So he's given some away free,
but he could honestly sell that honey
and create some extra income because it's something he's already doing.
He already has the beehives and he's already getting the honey from the bee hives.
Or maybe you are tutoring your nephew with his math homework.
And you could ask him to ask other students in his
class if they are struggling with their math as well,
and you could charge a small fee and tutor others.
Or if you are someone that loves to travel like I do,
and you really love planning the trips, you could start planning trips for other people.
I have a friend that I travel with a
lot and he has planned a ton of our vacations
and he makes a spreadsheet
and creates all the details, maps out where we're going
and when, and he's very detail-oriented and he just loves doing that.
So if that is something you love doing,
then you could start doing that
for others and charge a fee
for that service because there are people that really don't like the planning process.
So they would be happy to pay you to do that.
Or maybe you are really good at writing
or reading and you could proof papers
for other people, or even proof resumes, or proof a book that someone's writing.
Just think of other things that you are currently doing that
you could monetize right now. And comment below and tell me what one of those things is,
what are you currently doing that you could actually start making money from?
And then the fifth question I want you to ask yourself is,
what is a way that you've seen someone else make money,
that sounds exciting to you. For example,
doing these YouTube videos. I had seen other people doing it,
and it did sound exciting to me. So,
I decided to do it. I also follow Whitney Hanson on Instagram
and she will buy furniture for a very inexpensive price and then she will refurbish it.
So, she essentially flips furniture. She buys something for a really low price and then,
she refurbishes that she makes it look really nice.
And then she will sell it for a higher price and you can tell she just loves doing that.
So maybe that is something that you could do as well.
Look for different ways that people have made money
that sounds exciting to you and make a list of all of those items.
Once you've written the answers to all these questions down,
then start going through all of your answers
and decide on different ways that you could increase your income.
And even if it is just a 9 to 5 job,
maybe your job is offering over time and you could work some extra hours
and increase your income that way or even get a part-time job.
There seems to be a lot of places that are hiring right now
and it doesn't have to be your full-time work and you don't have to stay there forever,
but it can just increase your income for the short-term.
Since my mom really loves quilting and sewing,
she had gotten a job at a fabric store,
really close to her house
and she worked there for a while and it was just a fun job for her to have.
She didn't really need that money,
but it was nice for her to just interact with other quilters and sewers.
And she also got a discount at the store.
So it just made for a fun part-time job for her.
And just to get you thinking a little bit more about this,
when I was thinking about different ways that I could make money the other day
I thought, okay, if I have rental properties
right now, I could add another rental property
or what else could I do that is associated with rental properties?
Right now I do long-term rentals and I thought,
okay, maybe I could try a short-term rental and I thought,
you know what, my yard is really big and I've been thinking about
what to do with the backyard.
And so I thought, huh maybe I could build a tiny home in the backyard.
And put that on Airbnb, do a short-term rental with it.
And also, like I mentioned before I really love Zumba,
so I thought about buying a studio and doing my classes there,
and then having other fitness classes that could be there
and even rent it out to people that want to have dances or even receptions,
things like that. So I'm just trying to brainstorm on different ideas
and different ways that I can make money.
And then, also associating it with things that I already know something about
or that I love doing or have an interest in doing.
I actually looked for properties that I could purchase to have my own
studio and I didn't really see any studios currently for sale in my area.
But then I thought, okay. Well, maybe I could buy some
commercial property and build my own studio.
So then I started looking at commercial property online
and there were places that were for lease and then I thought,
okay. Well, maybe I can lease a place that is already built and do my Zumba there.
So once you get ideas flowing, it just kind of expands from there
and then you can come up with other ideas that might suit you better.
You really think about what you want to spend your time on and think about the future.
Where do you see yourself in 5 years in 10 years in 15 years?
And what are you doing now to get yourself to those places that you want to be in the future?
What are your long-term goals? And what are you doing now?
What action are you taking right now to help you reach
those long-term goals? Once you have your list of all of these different ideas,
then you can decide which direction you want to go and take the action to go that direction.
And then you can watch videos that are directly related to what you want to do.
So while yes, I can give you a ton of ideas on different ways to make passive income
or just increase your income
when you actually take the time to think about what you want to be doing,
you are more likely to take the action to increase your income.
So comment below and tell me one way you are going to increase your income in this new year.
And if you are thinking, I don't even know where I'm at with my finances currently,
so, I can't really focus on growing my income.
Then I like using a free app. It is called Personal Capital
and you can hook all of your financial accounts to Personal Capital,
to see your full financial picture in one place very quickly.
I will leave my referral link below. You can click on that to get your free account setup.
And if you found this video helpful, please hit that like button
and share it with someone else who would like
to hear this information. And hit the subscribe button to subscribe to my YouTube channel,
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And if you want to see even more content from me,
check out the videos on the side of the screen.
Thanks so much for watching. I'll see you in the next video.