Ways to Increase your Annual Income

We all are running after the money , job , business to increase our LAST GOAL to increase our ANNUAL INCOME. Here few few tips to increase your Annual Income :

1. Instead of keeping Amount in Bank Accounts or Fixed Deposit invest in Share Market / Mutual Funds which gives better return than the Normal FD interest Rate. Selling price of the Equity share should be kept in mind at the date of investment and you should have the courage to sell at that price without wait for further rise in price .

Take the advice from financial consultant.

2. Invest your Income in Property to get Better Return, it may not be instant add to your income but will take atleast two to three years to show good returns. Take the advice of professional before investing .

3. Invest in your Health - Have regular check-ups , spent on Yoga Classes or other activities ( even without expense running) which keeps you and your family active through out the life. It will not increase your income directly but will reduce the expenditure which are going to be there.This will certainly not increase the income but will help you to earn in coming years and will reduce the expenditure on medical expenditure.

4. Invest in yourself ( education ) : If you are in the early years of your job and still you have not reached at your expected level or dream level of your job then its time to invest in your education. Go for part time good courses or MBA which will take you to next level of achievement. Note if these degree or diploma is not from known school or university then there is no benefit of this investment.

5. Take Home Loan : People generally makes mistake that they donot take the home loan in the starting of their carrier as it will never get their dream home. As per author it would not be advisable to wait because always invest in present instead of wait for few more years. The biggest advantage of this source to increase your income is that you have to only repay the principal and interest which is much more less than the appreciation in next couple of years. But again the advice of the best professional is required before investing.

Here is Question is ways to increase your Annual Income and not the monthly income so fruit will never ripe in first month itself.The aforesaid technique will only work when you wait for couple of years specially in property.