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How To Earn More?

Posted on November 20th, 2008 in Daily Observations, Malaysia Personal Finance |

I get lots of emails from readers on how to manage their personal finance. Some are just general question such as whether to clear up their debt with the cash they have or just to dump it all in an investment that gives higher return than the loan. For your information, the answer to that normally is to clear up the debt. Some readers write to me, explaining in detail the problems they are facing.

Then, I realized I don’t ask my readers many questions. Maybe that’s because this blog didn’t start out with too many readers. Now, with the traffic averaging about 500 visitors a day, I think it’s a good idea for you to also share something with other readers. So, to kick things off, I would like to start a brainstorming session with the heading: “How to earn/save/receive more financially?”

Rule of the game: There’s no rule. Just don’t offend or criticize other readers’ opinion. There’s no right or wrong. You can contribute as many methods as you want. Keep it short and simple.

I will start off with three:

1) Get a part-time job at the nearest fast food chain.
2) While washing my own car, offer my neighbours to wash theirs too at RM4.50 a car (the market rate is RM5.00).
3) Watching 2-3 movies on Wednesday, hence saving on petrol, parking and tickets.

Please leave your thoughts!





You might want to read these too... Comments
  • By being more environmental-friendly. Reduce, Reuse, and Recycle. Save your money while saving the earth!
  • good idea also..i always practice myself to see wed movie...i dun have car, just ride motor and can save a lot indeed..

    but can u share with how u get 500 visitor per day?
  • David, you are one of the 500 visitors :-D

    I guess it's quite attainable to have about 500 visitors after your site has been online for about 2 to 3 years. Just keep at it, bro!
  • Bro,for me i will view all my last previous month utility bills,show them to my family,and i would tell them to try to reduce even it is RM1,eventually my children would look at the utility bills once reached,and they would see if they had contrubuted in the saving,usually they would get very excited if they could save.
  • Nothing beats teaching the kids on the importance of frugality. Come to think of it, my mum is one of the most frugal person I've ever known. The fact that my parents (my mum's a full time housewife since I was in primary school) could put me and my 3 brothers through school still amazes me to this day.

    So much for all the financial planning courses I took, I think I should just learn it from my mum :-D

    Eugene, I think you are on the right track!
  • I purchase petrol daily, just purchase enough for that day's usage. My car is running at about 12++KM per littles. So if today i estimated that i am drop by 2 customers, adding up around 50KM, i would purchase 5 littles (5X12=60KM). I come back home everyday almost with the fuel indicator just/about to show red color. My petrol transactions normally are RM 6.30, RM 9.50, RM 8.40, etc. And I am using Direct Access Master Card, at 2% rebate.
    I guess petrol station owner going to kill me soon. :P (little $$, high number of txn)
  • wils0n
    Don't smoke. Don't drink. Don't gamble. Don't shag around. That would save you A LOT!
  • Very wise words, Wilson.
  • Exchanging books, magazines with your friends is a great idea too!
  • Pin
    Cycle to work
  • Start a home based business, build customer and offer your services. It a sure way to earn more along the way. You will amaze how many people and company need services and help. Start to by checking on what talent and skills that you have that might be in need.
  • I wonder why you (referring to yowchuan) didn't suggest something like selling ebooks and putting the google adsense in your blog/website/anything like it. Is it contributing to your earning?

    *I'd like to know the range of income that you get from it monthly....alright, forget it, I know you'll say something like "it's confidential" or "top secret" or maybe something like "my friend, information don't comes cheap".
  • Jess
    I read that the only way to earn money is relate to WORK and SAVE. WORK and SAVE more. No secret, no other ways, no free lunches.

    Must ACTION.
    To SAVE more:-
    Do track how much you spend, you have phone bills, electric bills, handphone bills - you can track them as there are records. What about your other bigger bills - entertainment, food, clothes - yes, every Ringgit must be tracked so you know where it goes.

    To EARN more:-
    Those employed, work hard, work for OT, for allowance, for increment/promotion! No pain, no gain!
    Those self-employed, must be positive thinking, "be fearful when people are greedy, be greedy when people are fearful!" No self-pity, no complains - just DO IT!
  • kevin
    Jess, i would like to amend a little about your comment.
    The only way to earn is SAVE!! <---this statement is for lazy people like us..
    i lazy to work, and lazy to do business, etc. but i do have some savings in bank which i've earned sometime ago when i was employed. Then use the interest the bank give us, save it back to the bank and live on the interest.
    so everytime i spend, i would think twice and i would think that the money i spent, eventually will go to goverment pocket. so this make me doesn't have the urge to spend anymore.

    RM2 for petrol price, whereby tghe market price is RM1.62 per litre, and newspaper headlined that this is a good chance to increase goverment revenue.. SMART YA!! PAK LAH says thank you!!
  • Jess
    Kevin,

    U save in the bank and get bank interest? You mean the normal savings account that give you back less than 2% interest when the inflation rate is >7%? I hope not!!
  • Convert your car to NGV. Cancel Astro. And join a MLM outfit whose product you use with great satisfaction.
  • boo2x
    Look for problems to be solved. Newspaper is a good source of problems people face everyday and if you can come out with a solution. You bound to earn profit there.
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