How To Have More Money

Money is not the root of all evil. It is the love of money which is the root of all evil. That is, when you crave for money even when the means of getting the money contravenes legislation and morality. 

Photo by Mathieu Turle on Unsplash

When there is money in your good hands, you can do a whole lot of good beyond meeting the needs of "myself and my family and loved ones". Think for a moment of the many within your community and, not to mention, the many in poor countries who could not even have a meal per day; maybe once in three days. For sure, you can deploy your excess money to many good causes that can change and redeem lives, and leave behind a lasting legacy and please God, our Creator.

The big picture of having more money is to look at your Inflow and Outflow of money. You can increase your Inflow with a better skillset through education and training which increase your market value as an employee, help you build a side hustle for passive income, or make your business more profitable.

The other component of the equation would be to reduce your Outflow as you become more cost-conscious and spend your money on only what are essentials and become savvy to scout for the best deals in advance. Make this a habit and you will benefit from your wise spendings.

Keep track of increasing your Inflow and decreasing your Outflow, concurrently, and make this a lifestyle. For immediate results, curb your spending and you will start to save and have more money. The money in your bank account will then earn interest as passive income.

As you have more savings, you could then have a pool of funds to use money to make money. Through continuous learning, you will then be able to select  suitable investment like stock, REIT, gold and real estate which would be like a cash cow for you to reap future financial returns.

Save and invest with many happy returns!

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Disclaimer Note: 
Caveat Emptor "Let the Buyer Beware" would apply for all investment and online purchases.