Extra Income means an income that you can earn apart from the regular income
coming in from employment or normal work. This earning can be used to payoff
your outstanding debts or build up a capital account or spend it on luxuries
that you could only think about before. Everyone seems to want a second income
but no one wants to work a second job, so the extra income is normally seen as
a windfall.
When we compare income levels in different countries, it is
evident that the average income per person is less than $15,000 a year--in
other words, where many people are near the breadline -- Extra Income really
does make people happier and improves their lifestyle.

But countries which have average income above the normal
subsistence level of approximately $15,000 a year, happiness seems to be income
independent. For example, an average American ranks richer than an average
Indian, Nigerian or an Austrian, but also less happy.
Why does this happen? People always look at
their income relatively with some norm or the other and the norm keeps rising
all the time. And this norm is what increases the spending, more or
less in direct proportion to the income. Two things drive up the norm with
which people compare their incomes. One is the income that they themselves have
experienced -- which habituates them to higher standards of living. And the
other is the income that their colleagues or neighbors get, and which they try
to outdo.
The extra income options available today are targeted to generate
employment and are targeted specifically at people who can use their skills
that are lying dormant to make some more money for themselves. To achieve a
moderate success in generating an extra income one should be aware of their
strengths and weaknesses. This would greatly help in selection of a most
suitable way to generate extra income.

The extra income can also be augmented by doing extra seasonal
chores like raking leaves in the fall or clearing snow in winters. These are
just a few ideas, but making an extra income augmented with self analysis will
take away the need for a second job.
Today the internet and the general market have a lot of ideas for
generating extra income. Network marketing in general market terms has been successful
to some extent. Internet offers something similar that says affiliate
marketing. The internet also offers a host of other options like writing,
advertising and simple technical non-technical jobs which can highly augment
your regular income. The extra income that can be earned form these
opportunities depends on how good your skills in the field of your selection.
Testimonials
- Neil Jenks
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