Dear Readers,
Most of us started our new year with good news about financial cliff, Tax breaks extension for middle class, tax increase is there only for above 400K income, which is good but there is some other news for all of us there is payroll tax cut which is expired because of which our pay checking is going to become smaller, don't be in shock when you see your next paycheck for sure its going to at least 2% less compared previous paycheck. Today article I am not going to cover why this increase but I am going to be discussing are we prepared for this?
My first point is don't be surprised when your paycheck is 2% less than previous one, but we need to understand plan accordingly we need to adjust our budgets such a way that our income will be 2% less, in Some cities sales tax is gone up which means our expenses are going to go up, that also going to create negative impact on our budget. So what we need to be doing about this, should we stop eating food if prices of food items continue to rise or pay checking start shrinking? No not really that, its always good to enhance our income so that we don't need to worry about this kind of things. Let me tell you some thing if you have control over your income how much we are going to make if pay check shrinks by 2% then we can crease other source of income by 2% or more which can help us in filling the gap, if you & your spouse both are working then you might be thinking how we can increase our income there are numerous ways how you can improve your income.
Read more about Why your paycheck is getting smaller no matter what - Dec. 30, 2012
Before working on our additional source of income we need to think about few things. What are we doing in our non productive hours? This is very important question if we are wasting our time watching television that means we are not using our non productive hours, just imagine if you can convert this non productive hours to earn some extra cash, if we have will for sure there are lot of opportunities around us. We can use these non productive hours in gaining knowledge about our interesting topics which an help us in enhancing our skill set which intern can help us in making extra incoming when we use that skills.
Most of us started our new year with good news about financial cliff, Tax breaks extension for middle class, tax increase is there only for above 400K income, which is good but there is some other news for all of us there is payroll tax cut which is expired because of which our pay checking is going to become smaller, don't be in shock when you see your next paycheck for sure its going to at least 2% less compared previous paycheck. Today article I am not going to cover why this increase but I am going to be discussing are we prepared for this?
My first point is don't be surprised when your paycheck is 2% less than previous one, but we need to understand plan accordingly we need to adjust our budgets such a way that our income will be 2% less, in Some cities sales tax is gone up which means our expenses are going to go up, that also going to create negative impact on our budget. So what we need to be doing about this, should we stop eating food if prices of food items continue to rise or pay checking start shrinking? No not really that, its always good to enhance our income so that we don't need to worry about this kind of things. Let me tell you some thing if you have control over your income how much we are going to make if pay check shrinks by 2% then we can crease other source of income by 2% or more which can help us in filling the gap, if you & your spouse both are working then you might be thinking how we can increase our income there are numerous ways how you can improve your income.
Read more about Why your paycheck is getting smaller no matter what - Dec. 30, 2012
Before working on our additional source of income we need to think about few things. What are we doing in our non productive hours? This is very important question if we are wasting our time watching television that means we are not using our non productive hours, just imagine if you can convert this non productive hours to earn some extra cash, if we have will for sure there are lot of opportunities around us. We can use these non productive hours in gaining knowledge about our interesting topics which an help us in enhancing our skill set which intern can help us in making extra incoming when we use that skills.
But if you want to look at the opportunity around us lets see what options we will have.
- Becoming Insurance Agent.
- Becoming affiliated marketing consultant. (very powerful with minimal skill set)
- Becoming tutor (depending on skill set).
- Becoming Nutrition or health or physical fitness consultant
- Becoming Real estate agent
- Becoming environment consultant
- Helping child in home work.
- Becoming finical consultant
- Becoming blog writer.
- Computer or laptop repair.
- Online marketing consultant.
- Working at local store
- Open training center.
Like this there are so many opportunities around us which we can take a look at. Depending on our interest we will have options. Now you decide what you want to be , be an example for others by not complaining about things happening around you or not be an example by complaining about this happening around us? If you want to know about some good opportunities please contact me at my email sriram.adviser@gmail.com.
What are you prepared to do for better tomorrow?
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