Solving Financial Difficulty – Increasing money

In the previous essay, Solving Financial Difficulty involve cutting down expenses. In this particular essay , it focus on how to increase. Interesting enough, I find very little information that is related to this one.

There are one very important slogan that goes with this topic.
“Set a goal, create plan and Stick to it”.

Tips on how to increase money:

1. Paid ourself first. The actual meaning of paying ourself first is mean that we take the money save it and invest to grow it. Make a commitment to save a certain % of your income. If you take your home-pay salary and use it to buy other thing , it is actually mean “paying other first”.

2. Save all the additional money.

3. look for investment opportunity be it business, home or unit trust for example.

4. look for best bargain offer.

5. Look for ways to increase our productivity.

6. leverage or multiply your income

After doing some a quick research on this particular area. I came to realize that majority of us know how to cut budget and expenses but not many know how to actually increase their income.