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Is it possible to increase your income, and how?

Budget compression has its limits. At some point, it’s no longer possible to cut your expenses. You then need to increase your income to live in better conditions. It may even become essential to avoid bankruptcy. Here are a few tips on how to earn more.

  1. Overtime

If possible, ask for paid overtime to earn extra money. So you need to know the laws that govern this subject. In Canada, the normal working day for an employee is 8 hours. This corresponds to a total of 40 hours per week. However, it is possible to work up to 48 hours a week. The volume should not exceed 10 hours per day. The employee can also choose to work 8 hours a day. This means working from Monday to Saturday. In all cases, overtime pay is increased by at least 50%.

  1. Taking a second job

You’re already working overtime, but your resources are still insufficient? Your employer doesn’t allow overtime? In such cases, you may want to consider taking on a second job. Some choose to exploit their talents and passions. Food lovers, for example, can apply for jobs in restaurants. Others give private lessons or run training courses. Some babysit or look after the elderly. In short, the options are numerous.

  1. Becoming self-employed

Becoming self-employed means working for yourself. For example, you can offer your services to the public. It’s also possible to create and sell products. There are many activities to consider, depending on your talents and training. You can also work part-time for a company. Be careful! You need to study the market carefully before embarking on this type of project.

  1. Sell your underused assets

No longer using some of your belongings? Resell them to make ends meet. These may be household appliances, kitchen utensils or furniture. You can also sell textbooks, books and clothing. Sort through your belongings regularly to identify those you can sell.

In conclusion, it’s quite possible to increase your monthly income. For that, you need creativity and determination. Use your talents and all the resources at your disposal. But make sure you take time to rest. You need strength and concentration to carry out your missions properly.

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