Are you depending only on salary income to grow your wealth?

Thanks to our education system, we have adopted the attitude of studying instead of learning in our school and college days. The traditional school of thought ingrained in our minds right from our childhood days by our parents and teachers has been to earn good grades and pursue higher education so that you get a decent job for financial security. A majority of us,i.e., the working population depend upon salary income to fulfill our needs and aspirations.Our salary takes care of the daily householdexpenses,EMIs,insurancepremiums,contingency expenses,etc. The savings from salary are deployed into investments which in turn generate additional income from us.

For our other financial goals like a vacation, children education and marriage, we depend upon savings from salary.There is too much of reliance only on salary income for a major part of our lives to fulfill our needs and aspirations. In the case of working people, too often, the inadequacy of the salary vis-a-vis their aspirations or even their basic needs compel them to compromise on their standard of living. 

So besides the salary and investments that you make out of it, how do you grow your wealth? Unless you win a lottery or receive inheritance, how is it possible?

Besides this sudden exceptional money, there are opportunities galore. To tap these, all you need is sheer passion and a simple income enhancing idea. Some of these are:

• Favorite past times during weekends can be converted into a money making venture. And it need not essentially require a huge capital amount to be invested. For instance, conducting weekend workshops like dance, cookery,painting, yoga, stitching, photography (popular during summer vacations too) 
• Freelancing
• Blogging
• Teaching (Visiting Faculty)

 These ideas also apply to women who have taken a sabbatical from work to take care of their kids.

Then there are options like earning house rent which can be a good source of regular income.While this would require huge amount of capital initially, it requires the least amount of supervision and effort later on while pursuing a full time job.

Due to financial compulsions, most of us are caught in the work grind. Pursuing parallel part time opportunities which are of our interest and passion can be a truly liberating experience and a great stress buster. Besides, it can support income stream from our regular jobs and this could be utilised to fund say a part of annual vacation trips,EMIs, children's education fees,etc. So a bit of extra income always helps to boost wealth and eventually lead us to the path of financial freedom. And, the only thing you require to pursue a parallel stream of income is PASSION!