N
ot everyone can afford to drive an exotic sports car, especially if you are in your 20s. But 24-year-old Sebastian Ghiorghiu believes otherwise.
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“If you’re a guy in your 20s and you don’t have a Lamborghini, you should actually sit down and have like a serious discussion with yourself as to why you don’t have a Lambo,” he says in a podcast, a clip of which was posted on Twitter and has now amassed more than seven million views.
Ghiorghiu, who has more than 800,000 followers on YouTube, points out that there are plenty of opportunities to make money.
“I realize now that it is so incredibly easy,” he says, “and there’s so much money out there, and $200,000, relative to what is out there in circulation and what you can grab, especially now with AI tools that you can leverage like never before, $200,000 is chump change.”
To be sure, $200,000 is certainly not chump change to most families. According to the Census Bureau, the median household income in the U.S. was $70,784 in 2021.
Still, the young millionaire touches on a universal truth: we could all use some extra money.
So here’s a look at three ways you can boost your income. In this economic climate, every bit counts.
Switch jobs
Switching jobs may seem daunting given the massive layoffs we see in the headlines these days.
But analysis from the Pew Research Center reveals that switching jobs could be a clever way to boost your income. The data suggests that half of workers who changed jobs from April 2021 to March 2022 saw a real increase of 9.7% or more in their pay compared to a year earlier. A real increase is an increase after taking into account inflation’s erosion effect on money.
Meanwhile, the median worker who stayed in the same job over this period saw their real earnings decline by 1.7%.
