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Earning An Extra Income Extra Income Means An Income That You Can Earn Apart From The Regular

Earning an Extra Income 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 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. Read The Full Post »

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