8 ways to make money without trying too hard
Saving money, as we know, is a guarantee of security. But there are some little secrets to getting secondary income without too much effort: here are what they are.
Who would not want to save more money to find themselves “covered” in times of difficulty? The ways to make money are varied but require some sacrifices.
Fortunately, however, there are also some little tricks you can use to start building a fortune without having to try too hard. So here are 8 ways to put aside (and earn!) Money without being forced to turn your life upside down.
1) Automate your savings
Be your own first employer. This expression might seem rather strange but it just means learning to put aside your savings from time to time, as if it were a tax to pay. A portion of your salary should therefore be transferred to a separate account each month. By doing so, you will not even be tempted to take money from that account, as the money would go directly from the paycheck to another account.
2) Train yourself to increase your savings
But putting money aside is not enough: we must also ensure that the amount saved grows from year to year. Even if it were 1% per annum, the return can make a huge difference over time thanks to the power of compound interest.
3) Prepare coffee at home
Which means trying to have as a little breakfast out as possible. Just think about it for a moment: by eliminating even just those few euros that you leave at the bar every morning for a coffee or a brioche, you can gradually save a considerable amount of money. Of course, this is not a gimmick that alone allows who knows what savings but starting to cut the superfluous can be very useful.
4) Cancel unnecessary subscriptions
Taken by a thousand daily commitments, we do not always remember that the “30 days free” of the most diverse subscriptions we have filled out have expired or are on the verge of being so. It is, therefore, necessary to keep in mind what types of services we are paying for between subscriptions and subscriptions to software, newspapers or online services. The next step is to ask “ which one can I get rid of? ”And delete the superfluous ones. The savings at the end of the year will be significant.
5) Build passive income streams
Generating passive income takes some initial effort but when you pick up the pace, it becomes an easy source of income. Renting a guest room on Airbnb, for example, or doing pet-sitting are great examples. If you have a personal blog, a smart way to make money is to make money through banner ads.
After building a passive revenue stream, you need to convert all extra earnings into savings. Having two types of income and only needing one of them is the best savings strategy that can exist.
6) Invest your savings
Investing is one of the most effective ways to build wealth and, contrary to popular belief, you don’t need large amounts of money to get started. Thanks to micro-investments, in fact, it is possible to start investing with a few euros.
7) Relax with a good book
As numerous billionaires have pointed out, it is imperative to never stop learning. Among the activities that help develop creativity and stimulate the desire to learn is reading: you don’t stop understanding, knowing, and acquiring new notions by stopping going to school. The same goes for personal finance: if a percentage of your income is not dedicated to learning the best way to earn more and better, then you are destined to remain in the middle class forever.
8) Start thinking about a higher salary
The best way to increase your income is to earn a lot, which means either starting a new job or getting a promotion. You can start working on achieving a career boost and salary increase by working on acquiring new skills or obtaining the necessary qualifications. In short, investing in yourself and in your future is the smartest investment you can make. Improving yourself, finding a way to do more and becoming better professionals is a way to add value to your being.