MORE MONEY, MORE TIME PART 2
1. Learn the art of delegation.
If you are the
type of person used to doing everything on your own or you have difficulty of letting go, keep in mind
that you do not have enough hours in the day to do and attend to everything. This is a very important
value every managers and leaders should learn and
accept. Reduce your workload and enhance efficiency by learning to delegate
tasks.
2
Study to get training
for a specialized skill.
These days, a
highly desirable and specialized skill set can propel you from being just an ordinary employee
to a more valuable one. Take time to determine what are the most valuable and
in demand skills in your industry and check if it is something that you can learn to acquire during your spare
time.
3
Earn a higher qualification or degree.
There are certain
job sectors that require having a certain degree, specialized training or certificate in order to
qualify you to a higher pay scale. While this
route may be financially challenging and time consuming, it can increase
your qualifications and make you eligible for promotions or higher
designations, which can prove to be a good and rewarding investment in the long run. Whether it’s an MBA degree or a Six Sigma
Black Belt, check out if spending on night classes
and seminars can turn out to be feasible investments. There are
also companies
that sponsor further education for qualified employees, so take time to
discuss this with your company’s Human Resource Department.
4
Consider changing
your work hours
or telecommuting.
If your employer is unable or unwilling to give you a salary raise in compensation
of the amount of work you do, try to negotiate adjusting your work hours or discuss telecommuting
options. However, this may not work for a
number of industries but if you can complete most of your work from home, then it’s definitely worth asking. You can
also evaluate your work hours and check
if working on another shift can help your productivity or open up more time to
pursue other money-‐making opportunities.
5
Instead of working as a full-timer, consider becoming a consultant.
If you are
constantly working above and
beyond the
regular 40-‐hour work
week, you may want to explore the idea of working as an hourly consultant, if it is more feasible
financially. While this may not mean
you work any less, this offers you
more flexible work hours, thereby allowing you to take on additional clients
and earn
extra income instead of working full-‐time and
not getting
overtime pay.
6
Demand a salary raise if you are doing more or contributing significantly.
If you feel you
deserve a raise for the amount of profit you are bringing in to your company or you are doing more work
than you are originally hired to do, by all means ask for a raise based
on your performance. You can time your
request for a
raise after a performance review. If you prove to be a great asset to the company, the management won’t mind
paying you more to retain your services.
7
Find an efficient way of doing repetitive tasks.
If your work
or day to day tasks require you to attend to repetitive tasks on regular
basis, instead of spending a significant amount of time completing them, try to figure out how you can
automate or streamline the entire process. There
are a lot of online applications and software products online designed to cut down
the nitty-‐gritty stuff. Make use of free apps, which can significantly
cut down the amount of time to complete a certain task. If you feel it’s
time to purchase paid software, bring
this up with the management and make sure to
come armed with reasons to justify the expense. Overall, these software
can help in significantly increasing productivity, accuracy and provide easy access to organized
information.
8
Consider changing
jobs or making a bold career move.
If you feel
your career is facing a dead end and there is no opportunity to transition
into a
more rewarding
and healthier
work-‐life balance with your current job, consider exploring
better opportunities. Find a new work environment where your experience and
skills are greatly valued. The bottom line
here is, if you are overworked and underpaid, it’s time you do something about it.
9
Consider taking
on freelance writing
jobs.
If you have a flair for writing or possess a solid grasp of good grammar, communication and spelling, you may want to seek opportunities for freelance
writing jobs. You
can contribute articles to magazines, newspapers and other local periodicals to earn extra income.
Gradually build your portfolio and work your way towards establishing credibility.
10
Teach a language.
Do you know and speak another
language? Or maybe you have strong command
of the English language to qualify you to teach it? This is an in demand skill that can open up great
money making opportunities.
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