Mooers' Insights: How do you increase your disposable income/cash beyond your monthly salary
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Last week, we discussed "How do you increase your disposable income/cash beyond your monthly salary?" in Weekly Buzz. Let's see what mooers talked about!
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The best way to increase our disposable income is by spending less.
@Syuee
Cutting costs where possible is also a great strategy. One possible way to achieve this goal is to build a profitable business on the side. Be it small or big. Investing is another excellent avenue that can help us earn passive disposable income. This includes stocks, options, bonds, and real estate.
Cutting costs where possible is also a great strategy. One possible way to achieve this goal is to build a profitable business on the side. Be it small or big. Investing is another excellent avenue that can help us earn passive disposable income. This includes stocks, options, bonds, and real estate.
To increase our disposable income, dividend stocks can be useful sources.
@HopeAlways
Dividend stocks are stocks that make regular distributions to their shareholders, usually in the form of cash payments. Focus on finding companies with excellent businesses, stable income streams and preferably strong dividend track records. The long term will take care of itself.
Dividend stocks are stocks that make regular distributions to their shareholders, usually in the form of cash payments. Focus on finding companies with excellent businesses, stable income streams and preferably strong dividend track records. The long term will take care of itself.
There are many ways to earn extra income to increase your cash flow.
@doctorpot1
1. Pay of high-interest debt
2. Having side hustles
3. Dividend stock and bonds
4. Sell covered call on all the stock you are HODL in this bear market
1. Pay of high-interest debt
2. Having side hustles
3. Dividend stock and bonds
4. Sell covered call on all the stock you are HODL in this bear market
Increase disposable income by traditional methods and digital methods.
@nipapadeqian
2nd job (e.g. tutoring, Food delivery rider, phv driver), Rent out partial property or spare property.
Make youtube videos and earn ad revenue. Making/recording lessons and publishing them on pay-to-learn websites. Writing a blog to earn ad placement revenue...
2nd job (e.g. tutoring, Food delivery rider, phv driver), Rent out partial property or spare property.
Make youtube videos and earn ad revenue. Making/recording lessons and publishing them on pay-to-learn websites. Writing a blog to earn ad placement revenue...
The other means of accelerating my financial independence is by earning quick bucks on side gigs.
@HuatLady
Babysitting: With my bountiful love and warmth for the adorable babies, I will certainly do well in bonding with the newborn.
Pet sitting: Another bustle of my choice is pet sitting as I have a great affection for animals
Free-lancing, as a writer or blogger.
Babysitting: With my bountiful love and warmth for the adorable babies, I will certainly do well in bonding with the newborn.
Pet sitting: Another bustle of my choice is pet sitting as I have a great affection for animals
Free-lancing, as a writer or blogger.
The obvious answer is a side hustle, but not just any side hustle.
@Money Makin Mikey
These side hustles are like works of art, and the artistic skill comes from designing them with the end, a very specific end, in mind. With a meaningful side hustle, there is always the possibility that it really takes off and becomes the main source of income.
These side hustles are like works of art, and the artistic skill comes from designing them with the end, a very specific end, in mind. With a meaningful side hustle, there is always the possibility that it really takes off and becomes the main source of income.
Somehow disposable income can be increased directly and indirectly.
@12moon
Disposable income can be increased directly by moonlighting, taking up a part-time job or freelancing in addition to a full-time job. Indirectly, disposable income can be increased by spending wisely when items are on promotional offers, big discount sales, use of discount coupons, cash rebates, and buying fruits/vegetables that are in season hence at low prices.
Disposable income can be increased directly by moonlighting, taking up a part-time job or freelancing in addition to a full-time job. Indirectly, disposable income can be increased by spending wisely when items are on promotional offers, big discount sales, use of discount coupons, cash rebates, and buying fruits/vegetables that are in season hence at low prices.
Thanks for sharing in-depth ideas! ![]()
Hope these ideas will help you learn more about investment and better navigate the market!
Hope these ideas will help you learn more about investment and better navigate the market!
Feel free to raise your question below.
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