Surge in Living Expenses Met with Stagnant Salaries: Top Ways to Complement Your Salary

In recent times, a new (negative) trend has been gradually but surely showing its (ugly) face. The trend pertains to the ever-rising living expenses globally which have not been complemented by subsequent pay increases as should be the case. This, therefore, has seen many people slowly sliding down into the ‘poor’ bracket while many have lost all their disposable income remaining only with the money to cover the basic expenses. In return, this has, therefore,causes untold suffering on the masses. While it’s difficult to state when exactly the ‘authorities’ will move in to correct this situation, what we know at this present moment is that in order to cushion oneself against the ever-rising living expenses, it’s important for anyone and everyone to engage in side hustles which will complement the monthly/annual salary. In light of this, we are going to share with you some of the top side hustles that you can engage in.

Online Trading

Online trading is one of the fastest rising online industries in the world today. One of the main reasons why online trading has risen in stature in recent times is based on the lucrativeness of the business. Many people, who venture into online trading with the right mindset, as well as the requisite skills, tend to earn some excellent rewards sometimes even scooping millions! To engage in online trading though, one needs to take some time to learn all the tricks and tips. Online trading encompasses a whole lot of stuff from stock trading to crypto trading hence it’s important that one researches and settles for the best ‘trading form’ that suits his needs. Despite the form the trader settles for, more work is to be done in learning the trading strategies as well as all the other stuff needed for one to become a successful trader.

Online Gambling

Online gambling has many similarities to online trading. Just to put this into perspective, online gambling, as well as online trading, are two of the fastest rising industries in the world. Also, these two are risky businesses which are highly lucrative. However, despite their many similarities, there is one main thing which differentiates online gambling from online trading and that is, the simplicity of online gambling. While in online trading, traders are supposed to take some time to learn trading strategies and the like, this is not the case with online gambling. In online gambling, all that the player needs is to know a casino game/sport in and out. Once the player does that and with a bit of luck, then his online gambling adventure will be a successful one. To start one’s online gambling adventure, players can visit NoviBet Casino.

Shared Economy

Just like the above mentioned ‘side hustles’, the shared economy model is also another great hustle that one can partake in. the shared economy basically entails sharing with others what you own. This can be anything from your house (Airbnb), your car (Uber) to even your pet (Pet Cloud)!

This article does not necessarily reflect the opinions of the editors or management of EconoTimes.