As U.S. consumer prices jumped by 9.1% in June, everyone wants to know how to make more money while working full-time in times of unprecedented crisis. Inflation at a 40-yr high is making us feel poorer than ever. What gives, Dear Readers?
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As a reminder, Dear Readers, this website answers all your branding questions. If it is your first visit, this blog is the brainchild of JMStrategy LLC (JMS), a boutique consulting firm that offers strategic solutions to strengthen your professional or personal brands in crisis. The JMS team is in the business of designing recovery plans as robust as possible that avoid behavioral or productivity inertia. Now, without further ado, let’s dive into everything you need to know about how to make more money with a full-time job in times of crisis.
Why do you need to make more money?
It used to be that full-time employees who worked for a big company had a hard time defining what a healthy net worth looked like for their families. Was it to be able to pay for a yearly family vacation without putting the expense on a credit card? Could it be to have the peace of mind one gets once monthly bills have been taken care of and still be able to stash something into a savings account on a somewhat regular basis? Or was it more akin to being able to have the mortgage paid in full wayyyyyyyy before retirement? Or is it the ability to have the luxury to retire early? In short, we could all agree that healthy net worth would provide us with the ability to be financially free enough to have the flexibility to pursue our dreams and still be professionally fulfilled.
As we know all too well, Dear Readers, today it’s not about having a healthy net worth. Indeed, since the onset of the global pandemic, Americans have been too busy struggling to stay alive to think about the best ways to work towards mid to long-term goals, such as setting money aside for retirement. You, Dear Readers, have told us that you need to make more money to cover basic needs such as paying for rent, food, and gas as they keep increasing.
Sadly, you cannot think about trimming your budget to put more money in a savings account or sinking funds when your landlord gave you a 60-day notice that rent is going up by 6% and the gasoline index rose to roughly 11.2%, just last June! So, this blog has put together a two-prong emergency strategy to help you navigate these financially challenging times.
One – Finding hidden money is a simple way to make more money!
Dear Readers, the least painful way to make more money is to cut monthly expenses. Can you lower the cost of your bills? Did you know that you can call your car insurance and credit card companies and ask them to cut the rates they are charging you? After all, you’ve been a loyal customer of theirs for years. They might be inclined to help you in this moment of crisis. Also, you can shop around and change carriers for your internet, cable, cell phone, and even gym memberships. There are low-budget options that might be suitable for your needs. Why not check them out?
You can learn how to prioritize your money habits to avoid feeling any poorer.
A third option is to cut out some of your subscription services. Why do you have Netflix, Peacock, Disney+, Hulu, HBO, Amazon Prime, and Apple music? Do you need all these streaming services and apps that are robbing you of the most precious commodity we do not have enough of time? According to the A.C. Nielson Co., the average American watches 3 hours and 46 minutes of TV daily!
Now, Dear Readers, imagine what you could do with 20 extra hours a week besides watching TV?!!! You could start a side hustle! Listen, Dear Readers, the kids on YouTube are making a killing! Why can’t you jump on the bandwagon? If making videos is not your style, why not start a blog or even become a freelancer? As a digital creator, you can work on many jobs for different clients to your liking. You can work as little or as much as you want while charging an hourly wage or per job basis. Websites such as Upwork and Fiverr are accessible starting points to create a profile and offer services or accept job offerings. What do you think, Dear Readers? Leave a comment below if you agree!
Two – Negotiating a raise is the best way to make more money!
Dear Readers, if cutting costs or starting a side hustle is impossible at this time, then you must increase your income by asking for a raise. Of course, Dear Readers, you’ll have to be strategic as you prepare to broach the salary negotiation to get the best raise possible.
You’ll have to track your contribution and how your accomplishments positively impacted the bottom line. Dear Readers, make sure to research what peers in similar positions and geographic locations are earning on sites like Glassdoor. And, of course, you want to time your negotiation chat right. You want to ask for a raise when you’ve accomplished a complex project but before the budget for the new fiscal year is adopted. More importantly, you want to avoid barging into your manager’s office when supply chain chaos is momentarily making his/her life an absolute nightmare. So yes, Dear Readers, timing is everything!
You might also like to find new ways to Increase Your Value As An Employee.
In addition, Dear Readers, it never hurts to get some backup. Do you know what we mean? Finding an ally or a mentor who can vouch for your recent successes can go a long way in securing a raise. So, look for someone in the position you would like to be in one day and ask them for some guidance. S/he should be able to give you an objective assessment of where you are and what you need to do before requesting that negotiation chat with your manager. Leave us a comment below if you agree!
Dear Readers, we want to hear how you’ll make more money in 2022!
Dear Readers, we strive to create better content for you. So, please don’t be shy and share your thoughts. Do you agree with our analysis, or do you think we are missing the point? Are you convinced that you could make more money while working full-time? What changes are you making to combat this infuriatingly high inflation? Let us know in the comment section below whether we missed anything else.
As always, The JMS team thanks you, Dear Readers, for taking the time to read today’s publication. The JMS blog is here to inspire and encourage as you, Dear Readers, embark on the exhilarating journey to design the life of your dreams. As a small business consulting firm, the JMS team feels lucky to have the ability to support clients across industries through any given crisis that rocks their daily operations. We want to do the same for you, Dearest Readers. We love creating articles that make you think, question everything you thought you knew, and change your life! Let’s keep in touch and tell us what else the JMS team can write about to help you live with more purpose in 2022!
Here are more resources to help you soar in 2022:
–Don’t Let Self-Sabotage Hold You Back In 2022.
–How To Improve Emotional Intelligence In 2022.
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