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Five Ways to Boost Your Earning Potential In the New Year

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If the last financial year was not as successful as you wanted it to be, you might need to think outside of the box to improve your earning potential and your lifestyle. In case you have been putting off that long awaited home improvement or car purchase for a long time, it might be time for a career boost and securing a higher salary. Find some tips on how to get started, to make this new year, a great one, below.

Get More Qualifications

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The best way of securing a better financial future is to go back to college or university, maybe study new skills online. Try free online courses that are relevant to your current job, or your dream position. You can get a masters in public safety in just a few years online, and get a secure and well paid job in a large organization, or get paid while you are getting trained for the job. Don’t be afraid of change if it leads you to a better and more rewarding career.

Volunteer for Projects

You might want to ask your boss if they need help with new projects or coordinating change at your workplace. This will give you a chance to prove your leadership skills, and put yourself out there. You will have a chance to get noticed by your supervisors, and increase your potential to get a promotion. You sometimes have to stand out by giving more than others in your organisation.

Prove Your Value

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You will need to become more active in your workplace. Whether it is about making suggestions to improve productivity or safety, or organizing charity events, you need to prove that you are capable, motivated, hard-working, and should be considered for a promotion and pay rise. You can offer help, or introduce your ideas to the management, and show your value to your company. Create reports to point out development areas, and you will be recognized for your efforts.

Set Up Your Business On the Side

If you have little or no chance to get a promotion at your current workplace, you might want to think outside the box and set up your own business. Creating a blog can be one of the best financial decisions you can make, and it can have a huge impact on your future. You can try blogging, promoting affiliate links, or even selling cosmetics or your own crafts on the internet. Whatever your passion is, you can turn it into a profitable business if you have the skills and willingness to learn.

Create a Career Progression Plan

To make sure you are not stuck in the same dead-end job for a few more decades, you might want to talk to your boss about career progression. Think about what you would like to achieve, and how it fits in with the goals and mission of your company. If you never ask, you will never get it. Ask for help with finding your next career path within the company, and if you don’t find a suitable opportunity, try to look for positions with other employers.

If you want to earn more this year, make sure you think your options through carefully and work on a long term career progression plan.

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Emma Drew

Emma has spent over 15 years sharing her expertise in making and saving money, inspiring thousands to take control of their finances. After paying off £15,000 in credit card debt, she turned her side hustles into a full-time career in 2015. Her award-winning blog, recognized as the UK's best money-making blog for three years, has made her a trusted voice, with features on BBC TV, BBC radio, and more.

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