![]() Your earning potential is also limitless when you put your eggs in more than one basket. Whether you successfully negotiate a raise, start a profitable side hustle or build a business, train yourself to think outside the box in order to boost your overall earnings.īe sure to create multiple streams of income-that way, if one fails you’ll have others to back you up. Sometimes, you’re so strapped for cash that the only way to save, spend within your means and invest simultaneously is to make more money. Even though the average annual return is only around 3.8%, you still get more for just letting your money sit in a bank account.įind creative ways to increase your income I then decided to open a savings account with a competitive rate. ![]() I used to put my money in a piggybank until I realized it wasn’t earning me interest. Setting money aside creates a safety net, which can keep you from taking on debt in the event of an emergency. Life happens and you can never predict expenses that fall outside your budget. According to Bankrate, 57% of Americans don’t have enough cash to cover an unexpected $500 expense. People usually end up living paycheck to paycheck because they don’t put money aside for emergencies. Read: Dear Millennials, Can We Be Friends? Sincerely, Your Credit Card Sign up bonuses, cashbacks, reward points, insurance and fraud protection are just a few. The truth is, if you can manage your credit cards responsibly, it’s better to use them over debit-and for many reasons. Many people are scared of using credit cards because they think they’ll end up in debt.
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