Money Expert Chelsea Fagan: 3 Top Ways To Earn More Without Leaving Your Job
Written by
Gabrielle Olya
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Gary Dudak
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If you want to earn more money, many Americans consider job hopping to be the best option, but there are a number of ways you can increase your earnings without leaving your job.
Chelsea Fagan, co-founder of The Financial Diet blog and YouTube channel and one of GOBankingRates’ Money’s Most Influential Women, offered a few suggestions to earn more without having to leave your employer.
Top Ways To Earn More Money
When it comes to building wealth, earning more is usually easier than spending less — and there are a few ways to achieve this.
“Regularly do audits of your income,” Fagan told GOBankingRates. “Is it time to negotiate a raise or take on a side hustle?”
In addition to increasing your income, you can also earn more through investments.
“Only keep the minimum needed in regular savings accounts, and start putting your money to work in investments or real estate,” Fagan said.
The key to increasing your earnings is to increase the value of your time.
“Think about your earning potential like a business, and analyze it with an eye to getting more value for less work,” Fagan said. “Wealth is all about raising the value of your time!”
Jaime Catmull contributed to the reporting for this article.
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