The Panchatantra Way To Earn Beyond Your Salary

Do you think about making an extra income? You’re not alone. Most people who live on a fixed monthly salary have thought about creating an extra income on the side, at one point or another.

Unfortunately, most people give up on trying and spend the rest of their lives worrying about money. That doesn’t mean that it’s impossible to achieve it. You could think differently and materialize your goals. 

Achieving your goals is easier said than done, but today we’ll tell you about Panchatantra and how it can transform your life. 

Panchatantra translates to “five strategies”. It’s is a collection of ancient Indian fables featuring animals and birds. Legend has it that a master narrated these stories to the three stupid sons of a King to make them brilliant princes.

The treatise of Panchatantra starts with a trader contemplating how to increase his revenue. Then identifies what he has in surplus and decides to make the most of it. This strategy has stood the test of time and is still applicable in 2021. 

How do I turn surplus into revenue? 

Once you identify what you have in surplus, you must find a way to convert it into a revenue source. The digital age, which offers most things online, including businesses, learning, and selling, makes this task much more manageable. 

How do I identify my surplus? 

First, you have to determine what you have in surplus. This doesn’t strictly refer to extra money, it can be free-time on your hands, extra space in your home, and of course, it could be extra money that you can risk – Gosh! Money is never in surplus, is it? Once you’ve identified the surplus, you can start thinking of utilizing that surplus into a tangible goal.

☞ Surplus Space

Your surplus is extra space in your house, a spare bedroom, more room in your living area, or extra desk space in your office. Let’s make this space an excellent source of revenue. The first thing that comes to mind is Airbnb. The online marketplace will connect you with people seeking accommodation who can pay to rent your bedroom. You can register yourself as a host on Airbnb at no cost and start earning a decent extra income. What a way to increase your revenue from a space that was idle before! 

Space creates advantage

Advantage creates utility

Utility creates revenue

☞ Surplus Time

If it’s time that you have got in surplus, then invest that time productively in making yourself more competitive and in-demand. There are courses that can help you learn a new skill, both online and offline. You can then start offering consultation services or take up part-time projects and thus convert your free time into revenue. For instance, freelancer.com and upwork.com offer many online jobs you can do during your free time. Gradually, you can start a full-fledged side-business employing others and taking up such works both online and directly from the market.

Time generates skill

Skill generates business

Business generates money

☞ Surplus Money

If you’ve got surplus money as savings after meeting your expenses,  don’t just let it sit unproductively by keeping it in your SB or FD account. If you don’t understand the logic here, it’s well worth taking a quick look at this article, where the Rule of 72 is explained. Use your surplus money wisely and choose to become either an investor or a trader. Learn how to make your money work for you!  You can make most of your available resources earn beyond your fixed salary. You don’t have to dive in headfirst. Take it one step at a time and build up your resources. 

Every step opens new a possibility

Every possibility opens a new path

Every path generates a new source of revenue

Open Your Eyes, Open Your Mind

Opportunities to earn are everywhere. All you have to do is listen and see. The only obstacle between you and making an extra dime is your mind.