You could use some extra cash right? You could buy some of that fancy new clothing collection and maybe a new watch. The Jones got a new car so you have keep up with them…

The truth is, having some extra cash won’t solve your problems. You might get a raise this year, but unless you know how to keep your money, it will only help you look rich, until it all falls apart.

If you really want to have more money, try to follow these tips and leave your money problems in 2018.

 

1 – Stop trying to keep up with the Jones

So what if they have a new car or the latest gadget? You should be investing in yourself, not on what others think of you. This bad habit is probably one of the most financially crushers there is. Don’t buy things you don’t need, especially if it’s to impress other people.

 

2 – Pay yourself first

Now that you stopped buying useless stuff, it’s time to keep that money so it doesn’t go away. The best thing to do is to set how much money you want to save every month. You can take 10%, 15%, 50%… Figure out what percentage of your income you can start saving and keep that number throughout the year. Key tip here, save money FIRST, and then spend the rest on your basic needs and pay the bills on time.

Simple example

Day 1 your $5,000 paycheck comes in, save $500 and don’t touch that money. Use the remaining 4,500 for everything you need to survive.

At the end of the year you’ll have $6,000 saved. That’s more than one month saved!

 

3 – Increase your income

Ok, now you’re not buying things you don’t need and you’re saving that money. But an extra $6,000 a year isn’t that much exciting. Now it’s time for you to start a side hustle.

First, find something you are passionate and somewhat knowledgeable about. For an online business you can start a blog, a YouTube channel, an Instagram or Pinterest account. You can use the money you saved to invest in adds/improve your socials. There are a lot of tools you can use, figure out what works best for you can capitalize.

If you’re not really a social media type of person, you can write a book, develop apps and websites. Increase your main skill and sell it. The money will follow you.

 

4 – Invest your money

Now that you have steps 1 to 3 covered up, it’s time to put that money to good use, and that means having the money work for you instead of you working for your money.

At the end of the day we can only put so many hours into the hustle. We are living creatures and we need to rest. Money on the other hand, works 24/7. So why not using it to work for us? When you buy a house and you rent it, there’s money coming in every single month. You don’t have to be there every single day. There are a lot of opportunities out there that can make you money. You just have to know what works best for you.

 

These are my 4 steps to victory in 2019.

Don’t forget to invest in yourself, learn everything that you can and by the end of 2019 you will be in a much better place.

What are your favorite steps to improve your finances in 2019? Let me know in the comments.

Happy 2019 everyone!

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