How Much Money Do You Really Need to Make?

Well today we will explore just that – how do you determine how much money you need to make. Everyone's “Personal” finances are different. This means the amount you might need to make is different than the amount your friend or family member needs to make.

Most of determining how much you need to make boils down to factors such as:

1. Your age 2. Family (Kids, marriage, spouse, elderly parents, etc) 3. Your physical location 4. The type of housing you desire 5. Fixed vs Variable expenses

How do you handle debt?

Housing, Transportation and Debt. Those three are the biggest contributing factors that will determine if you get to YOUR magic number. Living off returns is hard to do when you have debt.

How to make more money:

If you happen to have a shortfall as it pertains to how much you make vs how much you need, than it might be worth exploring ways to make more money outside of your full-time career.

Ask for a Raise

Perhaps the most seldom used way to make more money is to simply ask for a raise at work. The fear of rejection stops most in their tracks from even considering this as a viable way to make money.

Here are some quick pointers for asking your boss for a raise:

– Know what you're worth – Study the market (Don't come in too high) – If they say “No” see where you can improve – See if extra projects are possible.

Tap the link below to learn  How much money Do You Really Need to make

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