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5 Ways To Have More Money

Author: Christopher Panteli
by Christopher Panteli
Posted: Sep 16, 2020
grow wealth

Did you know despite the declining rates of poverty, the Census Bureau found that 38.1 million people in 2018 were poor.

Crazy, right?

About one in eight Americans live below the poverty line — $25,465 for a family with two adults and two children.

So does this mean we are doomed by our statistical fate? Or is there perhaps a better way to enrich our lives with wealth and the freedom it allows for?

You see, in this modern technological age, there are countless ways you can earn more money, save more money and have a better handle on your finances. And it is easier than you think to put yourself in a better position to not only survive but thrive!

Let us look at 5 of the best ways anyone can begin to implement to have more money in the bank at the end of the month. Let the days be gone where payday looms in the distance and panic sets in. Instead, think about your financial hardship as an obstacle course that merely needs to be more strategically navigated in order to succeed.

1. Budget

It makes sense that to have more money, or at least to ensure the money you do have is not being squandered, you need to track your spending.

And having a budget is the only way to ensure every cent is going where it should be. Only once you have a clear picture of your financial situation will you be able to grow your wealth. Starting a budget need not be difficult. In fact, the basics are pretty straightforward and can be implemented almost immediately.

2. Cashback

Cashback has been my secret weapon when it comes to saving money for a few years now. It is such a simple and powerful concept, you would have to be crazy not to be using it.

The idea is simple.

You buy your chosen items through cashback services that have them available. The cashback company will then earn a commission for referring you as a customer. And in exchange, they give you a portion of this commission back.

It’s a win-win situation and has saved me $1000’s over the years – so it’s well worth implementing.

My favourite provider is TopCashback.

3. Discounts

There is usually always a discount or promotional offer going on somewhere. And the savvy shoppers amongst us will wait for the prime opportunity to make purchases. You don’t need to trawl the internet looking for working discount codes either.

Simply install the Honey browser extension, and it will do all the hard work you.

4. Side Hustle

In my opinion, you really need to have at least 1 side hustle going on at any given time. It is the only way to grow your wealth in any meaningful way.

It could be starting your own blog or flipping items from the flea market.

It really doesn’t matter what you do, as long as you're making a concerted effort to increase your earning. There are literally hundreds of different side hustles ideas you can choose from. What matters is that it puts more money in your wallet.

5. Invest

The real smart money makers have one final thing to implement with all that extra money you now have. And that’s making your money work for you.

Investing can be a scary proposition, especially if you have little or no experience. That’s why I love low cost Index Funds. It gives you an affordable way to access the markets and spreads your risk.

It is exactly the way in which Warren Buffet recommends you do, and that guy knows what he’s talking about.

About the Author

Hey, I’m Chris. I will help you to make money, save money, and think about money in a way that will give you back your freedom.

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Author: Christopher Panteli

Christopher Panteli

Member since: Jul 29, 2020
Published articles: 11

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