Economic crises, big and small, have followed one another for several years. In this context, being solely dependent on one’s salary to support oneself and one’s family can be perceived as a significant risk . If you are one of those people who thinks this way, I can only agree with you. Just over a year ago, my only income came exclusively from my salary. Today, this is no longer the case. I worked last year on setting up a salary supplement to reduce my dependence on my employer. Since then, I have continued to seek to multiply my sources of income. On your side, nothing prevents you from doing it yourself.
There are a significant number of ways to make ends meet and bring you a nice extra salary. Here we will classify them into three types. You are then free to choose from among these solutions to use the ones that suit you.
Some of these means are ad hoc . Understand by this that these methods will bring you money once, twice or three times. Maybe five at most.
This is for example the case of welcome bonuses or sponsorship bonuses that you can receive by subscribing to such and such a service and then inviting some of your acquaintances. Thanks to these tricks, you can easily earn several tens of euros for a few months. A few hundred euros for the luckiest and the most diligent. Think in particular of online banks or online life insurance, which often prove to be very generous when it comes to bringing in new customers. For example, a sponsorship at Boursorama is often accompanied by a bonus of around one hundred euros for the sponsor and €80 for the godchild . It’s interesting, isn’t it?
Betting can also be an interesting source of additional income. If horse betting is able to bring you a few happy euros with a little luck and method, more “industrial” solutions exist. Nicolas talks about it very well in his article dedicated to the ZCode tool.
Doing the spring cleaning and selling objects and belongings that you no longer use is also a good way to supplement your monthly income. Think in particular of the Le Bon Coin site where it is possible to find a buyer for almost everything. A little tip if you want to quickly get rid of some of your products on sale:
These bonuses and various bonuses are significant but they have a major flaw: these gains are only one-time . They do not constitute a real and regular salary supplement. Understand that you will not be able to collect them every month, because you will have fairly quickly made the rounds of the most interesting bonuses.
As you have understood, there is a second category of methods for obtaining additional income. We will talk here about the means that can in the short and medium term become recurring sources of income and constitute a monthly salary supplement to your usual cash inflows . The objective is therefore to find recurring sources of income beyond the salary paid by your boss.
First solution, find yourself a side job to supplement your salary (folding at home, etc.). If this can be a solution for a few months, I nevertheless allow myself to advise against it for long periods. You will certainly earn good sums of money, but you may wear out your health and spend too much time away from your loved ones, family and friends.
Another solution to study could be to interest you in paid emails. With a little opening of emails and a few clicks on some, you can thus hope to earn a few euros each month. Along the same lines, testing products and giving feedback can also add a little extra pay to your income. More original, acting as a mystery shopper for certain products or services is also an avenue to explore.
Again, these solutions are nice, but have one major flaw: you’re trading your time for money . For each salary supplement mentioned, you give your time:
Attention, I am not saying that this type of salary supplement is uninteresting. Just keep in mind that this may not be the right long-term solution.
There is a third and final way to make ends meet without sacrificing time. This is called passive income . They are aptly named because unlike traditional income which is traded globally for time, they require little or no action on your part. It’s too good to be true ?
However, you already know some of them. Rental investment is one of them. You will tell me that you have to spend time to find the right property, take the necessary steps to obtain your mortgage and others. You will be absolutely right. But once these first steps have been completed, you will then only have a short time to give to your tenants. The rents will then drop every month effortlessly . Of course, it will be necessary from time to time to find a new tenant, to iron here and there a coat of paint. But this will remain ad hoc work. Overall, this will constitute a non-negligible and almost passive salary supplement.
If “physical” real estate scares you or if you don’t want to have to deal with tenants, don’t hesitate to find out about SCPIs or real estate funds. They are an excellent gateway into the environment, allow you to take advantage of a smoother risk and have a much more accessible financial entry point than a traditional real estate investment.
Another method that can build passive income is niche sites. Again, it will take some time at the launch of the project to create its site, its layout or its content. I also remind you that it is possible to entirely outsource the writing of articles, regardless of the subject, thanks to internet platforms such as UpWork. Once the site is well referenced and placed in Google searches, you will have another fully automated salary supplement .
You are free to launch several if you like it!
Investing in the stock market is also a good way to receive a regular income at the cost of relatively little effort. To do so, take an interest in stocks paying dividends to their shareholders . You can also simply take an interest in the upward and downward movements of one or more values, but in this case it is more time-consuming and it may require more in-depth knowledge of the stock markets.
After reading the three previous paragraphs, you will have understood that in a medium or long term vision, it is the creation of passive income that must be favored to create an additional salary. The others are also interesting, but may not be a permanent solution to meet the needs of your household.
Of the four levers specified for passive income, I personally activated two:
As you have seen in this article (a bit long perhaps 🙂 ), there are several ways to have and create a nice and significant salary supplement. The advantage is twofold. You are no longer 100% dependent on your employer and you increase your overall income.
For your part, have you ever tried to multiply your sources of income? By what means) ?