Making more money helps you to meet your needs without necessarily reducing your savings, and it gives you peace of mind that you are in control of your life.

Money, sometimes and to some people, bring joy and happiness, and it is the ultimate answer to 90% of the problems mankind faces. Are you still interested in increasing your bank balance every day without much effort? Okay, let’s go.

1. Ask for a pay raise

It might sound funny and even silly, but there is nothing silly about knowing and quantifying the value you bring into an organization. If you are very certain you bring in substantial value to your organization and the company makes tons of revenue as a direct result of your inputs and efforts, then you might as well choose a favorable time and pitch for a pay raise.

If the management actually values your input and contribution to the organization, they won’t have much choice than to oblige you because you are a major asset – and competitors out there might be open to snapping you up. In this way, you have succeeded to increase your hourly, weekly, or monthly payments without any substantial effort or additional works.

2. Acquire more education and professional certifications

You always qualify for more pay when you acquire more education and professional certifications that endorse you as an authority in your field.

More degrees pave the way for promotions and managerial elevations, and don’t forget that the higher you go the cooler it becomes – this means that getting promoted into management positions does not necessarily mean harder work but it sure means higher pay.

3. Diversify your income sources

You always stand to earn more income when you diversify your sources of incomes. Are you aware that the wealthiest or richest men on earth have diversified interests in publishing, stocks, real estate, manufacturing, drilling or mining, transportation, and a host of other diversified sources of multiple incomes?

Do not place your eggs in one basket. Work out multiple sources of incomes and you’d find you make more money than you can spend with the extra put away in sustainable savings.

The secret to saving is in spending less and less until you can’t forebear it anymore.

4. Be frugal with your incomes

You must discipline yourself to spend lower than you earn. You just can’t go about buying up everything you fancy on the market and expect to have something left.

The secret to saving is in spending less and less until you can’t forebear it anymore. Frugality is not just done in one day; you must make a habit of it and try to master your passion for buying things that could be postponed today.

Instead of buying that thing you fancy, fancy yourself buying it next year and then putting the money into savings to enable you to buy it when the price must have come down in the season.

5. Monetize your hobbies

If you love reading, try to monetise it; if you love cooking, see how to monetise it; if you love offering advice, see how to monetise it; if you like making crafts for fun, seek to get buyers for them; if you love fitness exercises, get people to teach and train for money, if you love sleeping, help others sleep better for money – whatever you enjoy doing as a hobby, seek ways to monetize it and make more money that could be put away in savings.