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According to a recent survey, only about one in five Americans think they’re paid fairly. The rest would love to make more money than they do now.
Does this sound like you? If it does, you should know that there are steps you can take to increase your annual income—without leaving your current job.
That’s right. You can make money—extra money, that is—at your existing job and start bringing in a steady income that you’re happy with.
So, how can you make an income that’s more favorable to you? We’ve got some ideas for you.
Here are five clever tips that could have you making money in no time at all without getting a new job.
1. Ask Your Boss for a Raise
When is the last time that you were given a raise by your company? If you’re scratching your head right now and unable to remember the answer to that question, it likely means you’ve gone way too long without getting a raise.
You should march right into your boss’ office tomorrow morning and ask them for a raise. As long as you go about doing it in the right way, your boss should, at the very least, consider your request.
There is a chance that your boss might shoot down your request. But it certainly couldn’t hurt to ask them. If they happen to greenlight your request, it’ll start putting more money into your pockets without you having to do much at all.
2. See If You Might Be Eligible for a Promotion
Have you been in the same position at your company for more than a few years now? If so, another good way to start making more money is by going to your boss and seeing if you might qualify for a promotion.
Prior to doing this, you should take a look at the positions above yours and consider whether or not you would be a good fit for them. If you think you might be, securing one of those positions could be the key to bringing in the big bucks.
Just make sure that you’re 100% prepared to sell your boss on why you deserve a promotion. You should lay out your qualifications for a new position and make a compelling case for yourself from start to finish.
If you’re able to move up in your company, you should be able to make more money in your new position. In some instances, a promotion could even result in a big jump in pay.
3. Apply for Other Available Positions
Your current employer likely has a job board somewhere on their website that spells out all the different positions they’re trying to fill at any given moment. If you aren’t in the habit of doing it already, you should make it a point to check this job board out from time to time.
Why? Well, that job board could have listings for higher-paying jobs in other departments. You might be able to lock down a better annual income by leaving your current post and picking up a position in another department within your company.
More often than not, companies like hiring from within because of the familiarity that their employees have with the way that they do business. It’s why you should keep your eyes peeled for available positions within your company at all times.
4. Find Out If You Can Work Overtime
If you get paid an annual salary, overtime might not be in the cards for you. But if you’re an hourly worker, there could be some overtime opportunities awaiting you within your company.
Not all companies offer their employees the chance to work overtime. But if your company has overtime opportunities, you should sign up for them early and often.
Even if you’re only bringing in a minimum wage income at the moment, you could double or even triple it by working overtime on a regular basis. You might be surprised to see just how much more money you can make through the use of OT.
You don’t necessarily want to start working 80 hours every week and completely burn yourself out. You won’t be doing yourself or your employer any favors if you take this approach.
But if you’re up for the challenge of working overtime, it’s a fantastic way to pad your bank account within a matter of just a few weeks.
5. Take Advantage of the Latest Technology
You’re likely already using technology in all kinds of different ways while you’re at work. But what you might not realize is that you can also use technology to make more money in some cases.
For example, if you’re able to convince your employer to sign up for something called Payactiv, it could be a game-changer for you. With a Payactiv account, you’ll be able to manage the money that you’re making more effectively, track down extra shifts offered by your employer, and more—right from the palm of your hand.
It would definitely be worth bringing up the idea of your company offering this kind of cool technology. It could give you and all your fellow coworkers the chance to make more money from here on out.
You Can Make More Money in Your Current Role and Live a Better Life
Are you unhappy with how much money you’re making as of right now? You might think that your only option is to quit your current job and look for a new one.
But this is far from your only option. As we just discussed, you can also find ways to make more money in your current position. From asking for a raise to using technology to your advantage, you have options as far as making more money is concerned.
Want to get access to more valuable career advice? Find it by browsing through the other articles that we’ve posted on our blog.
