5 Ways to Increase Your Income

5 Ways to Increase Your Income 5 Ways to Increase Your Income When you are struggling to make ends meet, or you want to reach your financial goals more quickly, you may be looking for ways to boost your income. There are  short-term income solutions like taking a second job, but if you know that you need to have a higher income to get by, you need to look at long-term solutions to your problem. As you plan, it is important to consider the tax implications of earning extra money so you do not end up owing ?extra taxes. These solutions can help your income.??? 01 Open a Side Business Robert Daly/OJO Images/Getty Images A final option you should consider is asking for a raise or a promotion within your company. You may also want to look for a better job at a different company once you have additional work experience. Your employer may offer a training program for future managers or give you the opportunity to complete training that will increase your job skills. If you enjoy the line of work that you are in, this is a very good way to increase your income.  Do not be afraid to look for a new job if you are not making enough money to cover your expenses. It can be frustrating to be in a job where you feel stuck or underappreciated. Take the time to look for a new job regularly.