Making Money: An Easy Way for Financial Experts to Double Their Income Streams

In many respects, working in finance is all about knowing how to make money. That being said, many financial experts with years of experience are overlooking one of the easiest ways to make money in 2024.

Here at Career Navig8r, we’re all about encouraging people to monetize the knowledge and experience they have. That’s why today we’ll be taking a look at one simple method financial experts could be using to easily double their income streams.

Sounds too good to be true? Keep reading to find out more.

Maximising Your Time

Learning how to make money more efficiently is all about learning to make the best use of your time. Time, after all, is a resource and it’s arguably the most valuable resource you can have.

Of course, the simplest way to maximise the value of your time is to find a job that pays better money for the hours you work. That said, even if you work a full time job, there are plenty of hours in the day outside of work.

Using one’s free time to earn more money certainly isn’t everyone’s cup of tea. After all, those precious hours belong to you. They’re the time you spend with family and friends. They’re the hours where you relax and forget about work. If you’re going to spend them earning more money, then it stands to reason that you’ll want to earn far more for the time and effort you put in.

The Problem with “Easy” Ways to Make Money

Of course, as anyone who’s ever heard of easy ways to make money knows, the reality is that they’re often easier said than done. Either they’re “get rich quick” schemes, usually designed to sell a book or an online course, or else they’re outright scams.

At a certain point, it can be easy to assume that there are no easy ways to make money. After all, if it was really that easy, everyone would do it, right?

With all that being said, there are a variety of ways to make money online that haven’t yet caught on into the mainstream, some of which have the potential to be a major income source to the right type of innovative entrepreneur. We’re not talking about hussles or grifts, either, but real, honest ways to make money by providing a valuable service without working yourself to the grindstone. The trick is to make better use of what you already have.

How to Make Money Through Mentoring

Let’s talk about the one resource you have that nobody else has, the one resource that makes you unique: your experience.

If time is the most valuable resource you have then experience is what you invest that time into. It’s every class you’ve ever taken and every job you’ve ever worked. It’s every client you’ve ever interacted with and it’s the journey that got you where you are today.

For those looking to get into the finance industry, the value of an experienced Mentor simply cannot be understated.

Finance is one of those industries that perfectly combines your knowledge – your understanding of market principles – with your instincts. Being successful in finance means being able to keep track of shifting numbers but it also means understanding the human behaviours behind those numbers. One of those things can be learned in a classroom – the other has to be lived.

And then there’s networking. Finance is an industry where networking can make all the difference. Knowing the right people can literally save a person years in terms of their career. Having a Mentor who’s willing to share their network and help introduce a Mentee to important contacts could mean a whole world of difference.

In short, if you have experience working in finance then there are many people out there who’d love to work with you and who’d be more than willing to pay for your time.

Instead of making high-pressure decisions in a stressful environment, you could spend your hours explaining how you got where you are today. Instead of getting up early and working long, demanding days, you could spend five minutes arranging a meeting between your Mentee and the contact who might one day give them a job.

Alternatively, you could become a Mentor as a second income stream alongside your full time job, working as many or as few hours as you prefer. It’s all up to you!

If you want to maximise your income streams, then sign up to Career Navig8r today. Signing up is completely free and you’ll be able to set your own rates and hours, as well as picking and choosing the clients you want to work with. You just can’t lose with Career Navig8r.