• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

National Debt Relief

National Debt Relief - A+ BBB Accredited Business - Get Relief From Credit Card Debt, Medical Bills And Unsecured Loans

Talk to a debt counselor toll free:

800-300-9550

Get Relief From Credit Card Debt

Medical Bills and Unsecured Loans

  • Services
    • Debt Settlement
    • Debt Relief Benefits
    • Qualifications
    • Is Debt Settlement Right For Me?
    • Debt Help By State
    • Debt Relief FAQs
      • How Debt Relief Affects Your Credit Score
    • Free Budget Planner Worksheets
    • Free Debt Calculator
  • Options
    • Debt Relief
    • Bankruptcy
    • Credit Card Debt Relief
    • Debt Consolidation
  • About Us
    • Who Is National Debt Relief?
    • Accreditations
    • Proven Results – Debt Settlement Letters
  • Contact Us
    • Apply Now
    • Contact Us
  • Client Login
  • Careers
  • Blog
HomeBlog Blog6 Ways To Give Yourself A Raise
Video Transcript

Free Debt Relief Quote

  • National Debt Relief, LLC BBB Business Review
  • McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

6 Ways To Give Yourself A Raise

August 8, 2015 by National Debt Relief

happy woman with raining moneyIf you have one of those typical, 9 to 5 jobs you’re probably fortunate if you get one raise a year. And if you’re really good at your job you might see a raise of 2% or even 3%. That can be kind of disheartening. You work your posterior off for 12 months and then see your income increase by just a few dollars a week. As an example of this let’s suppose you currently earn $65,000 a year. A 3% raise would be $1950 – before taxes. Divide this by 52 and that’s just $37.50 a week before taxes or hardly enough for dinner at a nice restaurant. It might be a stretch especially if you have a lot of debts to pay on top of your multiple bills.

But there’s an alternative. You could give yourself a nice raise practically immediately and here are six ways to do it.

Buy a franchise

You could make a big pile of money by buying the right franchise. This is where you pay to use an established company’s name, trademark and way of doing business. There are franchises available for health clubs, hair care studios, cleaning services, food and financial support services. As a general rule the franchisor will provide you with expertise in starting the business, marketing and managing it and with the requisite training. This makes it relatively easy for you to hit the road running. Of course, the good franchises require a minimum amount of cash to even begin the discussion. This could come from equity in your home, savings, your stock portfolio or 401(k). As an example of this, the Subway sandwich shop requires you to have $12,500 in available cash but your total investment to get one of these stores going varies from $92,050 to $222,800. On the other hand there are franchises such as YoNaturals that offers vending machines stocked with organic snacks and might be a better choice if you want a home-based business and not one where you’d be running a sandwich shop seven days a week. The important thing is to do your due diligence before you sign any franchise agreement. While one of these businesses is not a certain thing successful ones can easily generate six figures a year.

Share your expertise

One of the best ways to give yourself a raise is through part-time gigs you could do nights and weekends. Do you speak a second language? You could offer classes at your local community center or local library. If you’re great at math, physics or chemistry start tutoring and earn as much as $60 an hour. Are you a talented writer? Offer workshops on creative writing. When you stop to think about it the opportunities for these part-time jobs are almost limitless. With a little bit of effort you could generate as much as $500 per month and if you have mad IT skills you should be able to double that. Web designers can get anywhere from $500 to several thousand dollars to create company websites and IT consultants generally charge around $80 an hour or more.

Get a roommate

This could be tough if you’re married and raising children but if you’re flying solo you might think about renting out your basement or spare bedroom. How much you could earn will depend, of course, on your town or city and the features you have to offer. However, it’s likely you could bring in $500 to $1500 a month and that’s without doing much of anything. Of course, you will want to be careful whom you take in. Be sure to do a criminal background check and get referrals from her or his former landlords. You should also check credit scores and confirm their employment yourself.

Become a public speaker

If you are scared of public speaking it would be good to get over this and do it quickly. People who can attract a crowd like politicians, celebrities, and best-selling authors can get $50,000 or as much as $100,000 per speaking engagement. Of course, if you don’t fall into any of those three categories you might have to settle for $500 to $5000 per engagement but you will need to have a new and fresh topic or at least a new take on an old one. And be prepared to start speaking for free until you build a reputation. Think about your areas of proficiency to create subject matter. Don’t make the mistake of limiting yourself to motivation lectures or financial workshops. Think about your hobbies and how they might be turned into a subject matter for seminars. You could sign up with a speaker’s bureau that would get you opportunities but they will take a cut of your fee, which will probably be 30%.

Make stuff and sell it on Etsy

This website now has more than 30 million members worldwide. It’s become a strong competitor to eBay but is different in that it specializes in handmade and vintage items. If you can draw, paint, sculpt, throw pots, crochet, knit or find collectible items from the 1950s and 60s you could make good extra money selling the stuff on Etsy. And if you can make really unique items you could price them really high because you would have no competition.

If the idea of making and selling things on Etsy appeals to you, here’s a brief video, courtesy of National Debt Relief, with 10 tips that could help ensure your success.

home with a dollar signEarn passive income

If your goal is to achieve financial freedom you need to find passive sources of income. This means things that generate income with very little involvement on your part. Examples of this include publishing royalties, dividends from equities, rental income and profit from business partnerships. Of course, it would require a large upfront investment to buy a rental property but the potential payoff can be huge. Also, experts say it’s best to buy multi-family units instead of single-family homes. If you were to buy a four-unit property you could make $400-$600 a month whereas a single-family rental would likely earn you only $100-$150 a month after property taxes, insurance and maintenance. Of course, over time your income should increase while your expenses remain about the same – assuming you get a fixed-rate loan to finance your purchase(s). And one of the best parts of this is that you would have someone else helping you pay off an appreciating asset.

Do you qualify for debt consolidation?

National Debt Relief

National Debt Relief

National Debt Relief is one of the largest and best-rated debt settlement companies in the country. In addition to providing excellent, 5-star services to our clients, we also focus on educating consumers across America on how to best manage their money. Our posts cover topics around personal finance, saving tips, and much more. We’ve served thousands of clients, settled over $1 billion in consumer debt, and our services have been featured on sites like NerdWallet, Mashable, HuffPost, and Glamour.

Follow National Debt Relief: Facebook Twitter Instagram Linkedin

Filed Under: Blog Tagged With: how to give yourself a raise, passive income, personal finance

Primary Sidebar

Trusted By Our Clients

Excellent

Rated Five Stars Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

based on 24,642 REVIEWS

"Best decision I've ever made!"

They really care about "you" and making your life easier. They answer all of your questions and are very detailed.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Kolbie P.

"Saved me from drowning in the debt."

I was up to my eyeballs in debt and National Debt Relief saved me from drowning in the debt.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Joanna W.
Canal Winchester, OH

"Helped me settle my debts that were choking me."

National Debt Relief helped me settle my debts that were choking me.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Bobbie A.
Charlotte, MI

"Taken a big weight off of my shoulders."

National Debt Relief has taken a big weight off of my shoulders.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Richard D.
Piffard, NY

"Stopped all collection calls."

National Debt Relief stopped all collection calls and are working with my creditors to settle my debts.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Patricia G.
Oran, MO

"Now I can see a light at the end of the tunnel finally."

I was in a tough spot, financially and emotionally. Now I can see a light at the end of the tunnel finally.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Susan W.
Valparaiso, IN

"I'm sleeping better knowing they are helping me to eliminate my debt."

I'm sleeping better knowing National Debt Relief is helping me to eliminate my debt.

Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating Trustpilot star rating

Jodi W.
Springfield, OH
Trust Pilot Reviews

Free Debt Relief Quote

By submitting, you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls or text/SMS messages). Msg. and data rates apply. You are not required to opt in as a condition of purchase.

The sooner you call,
the sooner we can help:

800-300-9550

Search NDR Blog

Recent Posts

  • Free Holiday Shopping Budget Template To Keep You Out Of Debt
  • How To Host Thanksgiving Dinner On A Budget
  • Tips For Finding Good Last Minute Travel Deals
  • How To Spend Less Money For The Holidays
  • Take Note And Save Money While Holiday Gift Shopping
  • How To Scare Up Some Extra Cash To Pay Down Your Debt [Slideshare]
  • 10 Ways To Rock The Gratitude Challenge This Thanksgiving
  • How To Write The Perfect Salary Negotiation Email
  • When Should You Start Saving Money For Your Kids
  • The Best Budgeting App For Your Family

 

FAQs about debt relief

AFCC disclosure

National Debt Relief, LLC BBB Business Review AFCC Top Ten Reviews Gold Top Consumer Reviews Consumers Advocate Trust Pilot
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Site
  • Disclaimer
  • Sitemap

© 2019, National Debt Relief, All Rights Reserved.