Are you finding it hard to manage your salary, especially as a content creator? Here, we will go over how to maximize your salary as a creator. Sometimes we find ourselves so wrapped up in what we’re doing that we forget to focus on what’s important. Managing your money is just as important as staying on schedule and never missing that day to post.
1. Thrift Stores
One way to maximize your money is to go to thrift stores instead of shopping and buying clothes for wholesale prices. As an influencer, you should keep in mind that you’re not going to be making a ton of money right off the jump, rather it might take you a few years to get the ball rolling which is totally fine! Let that be your motivation to go to various thrift stores in your area so that you can either save up or spend that money on something more worthwhile.
If you don’t feel comfortable shopping at thrift stores, collaborating with brands can also help maximize your salary as an influencer. While some might see it as a waste of time, instead of receiving a set pension, you can also request to receive free clothing as a creator, which saves you money from buying clothes.
2. Find Side Hustle/Apply for new job
Said Christy Bieber:
“If you’ve maxed out at your potential salary at your current job but still want an income boost, it may be time to consider a side hustle.“
A 2017 Bankrate survey revealed that “more than 44 million Americans have a side gig and almost 40% of people with a side-gig earn $500 or more per month at their second job. If you can pick up an extra $500 every month, you can max out an IRA and still have $500 to spare.
Over 30 years, investing $5,500 a year in an IRA and earning an average 7% return would leave you with a nest egg of $519,534 — and that’s just from the earnings from the second job!”
Being that you’ve made this far in your career and it appears that you’re passionate about being a creator, never stop networking. LinkedIn is your friend. Update your profile and make sure to always check it as much as possible, whether it be when you have time off or if you’re free on the weekends. Networking helps with not only connecting you with other people in a similar field as you but “you also significantly boost your odds of being hired. In fact, a referral from a current employee boosts the odds of a successful hire by as much as 6.6%.”
These are the most important tools to keep in the back of your mind, as you continue being a content creator. Write in the comments below which ones you found most helpful.