How To Earn More Money
Saving money is important - don't get me wrong in this. But at some point, there is a limit to how much you can save. You can't live on $0 per month. Heck, most people can't live on less than $1,000 per month.
So, why do so many people simply ignore the other half of the equation - INCOME. Growing your income is the best way to build wealth because there is NO LIMIT to how much you can earn. So, keep a frugal mindset, but grow your income, and see your wealth grow immensely.
Ways To Grow Your Income
There are several basic ways to grow your income:
- Earn more money at your job
- Earn more money by side hustling
- Build multiple income streams with income investments (stocks, bonds, mutual funds, real estate)
I'm a big believer that everyone has the potential to earn at least $100 extra per month. Maybe you don't know how to yet, but there are simple ways that you can do it.
How To Make Extra Money
Have you heard of this quote that was supposedly attributed to Abraham Lincoln:
“Things may come to those who wait, but only the things left by those who hustle.”
That's an amazing quote, and it truly shows why you need a side hustle. But if you don't know where to start, we've put together these amazing resources to help:
50+ Ways To Make Money Fast With A Side Hustle
5 Quick Money Making Ideas That Take Less Than 1 Hour
14 Ways To Get Paid For Writing
Passive Ways To Make Extra Money
All of the above ways to make extra money are active - they require you to do some work to earn the income. While there is nothing that is truly passive (i.e. never requires any work), there are things that you can do that will earn income for you for a long time to come.
All passive income streams require at least one of the following two things:
- An upfront monetary investment
- An upfront time investment
If you can commit one of those two things, you can potentially generate a passive income. Here are some resources to help:
20 Passive Income Ideas To Build Real Wealth
Residual Income: 7 Super-Smart Ways To Build It
Side Hustle Success Stories
I personally know first hand the power of side hustling to make more money and build real wealth. Side hustling is what allowed me to pay off over $40,000 in student loan debt in less than 3 years. It's still what is allowing me to build wealth today.
But don't take my word for it. Take these stories into consideration as well:
The Power of Starting A Side Business: Alexa shares her story about making $1,600 per month before she was side hustling, to growing her income to more than $5,000 per month.
How To Become Self-Employed Like These Top Bloggers: For even more inspiration, check out our interviews with five of the top bloggers online, and how most of them started their blogs as a side hustle and turned them into a world-class money making machine.