In recession and troubled times, the question most asked by people is, how To Make Money? They believe that making an extra $100 or $1000 a month will change their lives for the better.
In a lot of cases they are correct, So here are 3 tips to help you make more money.
1.
Invest a portion of your income every month.
Take 20% of all you earned and invest it.
The stock market can be great for a quick fix.
But be careful you need to know the game, so do your research.
There are companies who insure you your risk and this is always worth doing so you know what you down side will be at the beginning.
Remember you can make money when stocks are falling as well as rising.
2.
Reduce your spending.
This might sound like a cheat but its not.
Do weekly budgets before you get paid.
Then after you have bought your groceries etc, paid you bills.
Check the spend against your budgets.
Look at where you can cut down and have extra cash left over.
Examine your insurance costs, phone bills etc see how much you are currently spending and see how you can reduce them.
Keep an account for 6 months and keep copies of the bills.
Every 6 months revisit your fixed spends, phone, utilities etc, look at what other deals other suppliers will give you.
This is the simplest way to make extra money, you might say you are saving it, but you're not you are making it, because currently you don't have it.
3.
Start a part time business.
This may sound difficult, but it's not.
Just find sometime you like, a hobby or the like and go online and teach people how to do it.
You would be surprised at how many people are making extra money online, doing something that they love to do.
If you follow any of the above tips it will make a positive impact on your life.
Most people don't control their spending, its like a fire hose going at full blast with no one holding on to it.
Scary to watch, very messy and does not get any result.
So get control, make positive steps and you will get to the life you deserve.