1. Increase income by purchasing some wealth management products.

Ordinary people can use their idle funds to buy some wealth management products to increase their income. The following wealth management products are available:

time deposit

Fixed deposit capital preservation means that the bank and the depositor agree on the term and interest rate in advance when depositing, and the interest rate will be higher than the bank's current demand for the same period. Generally speaking, the longer the term, the higher the interest rate.

Certificate of large deposit

Deposit certificates refer to large deposit certificates issued by banking deposit-taking financial institutions for individuals, non-financial industries, government organizations, etc. It has a certain term, generally divided into 1 month, 3 months, 6 months, 9 months, 1 year, 18 months, 2 years, 3 years and 5 years. The longer the deadline, the more people expect it.

national debt

National debt is a creditor-debtor relationship formed by the state based on its credit and in accordance with the general principles of debt. It is basically zero risk to return the principal and pay interest when the national debt expires. Among them, the larger the purchase amount of national debt, the longer the term, and the higher its interest rate.

Fixed investment fund

Fixed investment in the fund refers to investing in the designated open-end fund at a fixed time and amount, and increasing the holding share through constant fixed investment, so as to spread the cost of holding positions, spread the risks and realize the smile curve effect when the fund rebounds.

stock

There are risks and benefits in stocks. When buying stocks, investors should try to choose those white horse blue chips with better performance to invest.

Fixed income wealth management products

Fixed-income wealth management products, that is, their expected income is locked in a certain range, and the risk is also small. Ordinary people can buy such products through banks, insurance companies or securities companies.

2. Develop sideline business

Ordinary people can use their spare time to develop sideline business or do more work, which is also the most direct way to increase their income, such as using weekend breaks to set up stalls.

3. Improve your professional skills.

Improve the professional skills of your own job, and improve the reward of unit time through promotion and salary increase.

4. Investment in fixed assets

Ordinary people can also invest in some fixed assets, such as houses and shops, and increase their income through their rental and appreciation.

Step 5 start a business

You can also increase your income through entrepreneurship. It should be noted that starting a business requires large capital and high risks.