You may have heard many people talking about how the cost of living in Singapore is increasing, and it makes you wonder…
Will you ever be able to retire?
Maybe not with a single source of income, but with some creativity and a never-say-die spirit, you may be able to put some of your free time to good use!
Find out how you can use the following 5 ways to increase your monthly income, so that the goal of retirement is once again within your reach.
1) Be An Online Seller
You would have heard of these popular e-commerce platforms such as eBay, Amazon and Qoo10, or even Carousell. Working as an online seller allows you to sell at the flexibility of your own time. All you need to begin is to list your products and wait for customers to buy.
For Amazon, you can let your orders be fulfilled at the Amazon warehouse by sending your goods there and paying a fee. With that, Amazon will ship your orders to your customers for you.
Eventually when you have a steady stream of income, you can consider quitting your job to focus on your online store full-time.
2) Work Part-Time As A Tutor
Work as a tutor during weekends or even after work. This is a lucrative business as there is a huge demand for tuition.
You can also work as a tutor services coordinator and earn commission by referring “customers” to your clients. All you have to do is run an ad in the newspaper about your service and wait for calls to come in.
3) Work As A Virtual Assistant
Working as a virtual assistant allows you to work at the flexibility of your own schedule, without having to affect your day job. Most virtual assistants are contract or freelance workers who work remotely from home and focus on administrative tasks that are similar to those of an executive assistant or secretary.
You can also select the types of tasks you want to work with.
[image credits: www.legitimatewaystoearnmoneyonline.com]
4) Work As A Stock Trader
Interested to be a swing trader? This is unlike a full-time trader where you have to constantly monitor the movement of your stocks. The main perk of a swing trader: it doesn’t have to take over your main job (as long as you are not checking trading screens all the time at work).
Eventually, you can switch to working as a day trader and be your own boss.
5) Work As A Freelance Writer
Set up a blog and start uploading quality content on a regular basis. Review products and recommend places of interest. There are many ways to be a content writer and work hard in getting that content out there to the world.
Once you have built up a following, you can start to monetize the website via running ads or affiliate marketing.
To get started, you can earn instant money writing for us.