3 Important tips that would increase your income and make your money work for you

We all figuring out ways to make money and make money work for us. All of us want to get to the point in our lives we can live comfortable and not worried about our bills get paid. Today most people in our society is not where they want financially, emotionally or spiritually. A lot of people in our society struggle to put food on the table, pay their rent, take care of their children. Myself, I learned certain things that helped improve my life and make things a little easier. I have learned how to make money in different ways, learned how to make money work for me and I learned how to budget my money. One thing you must do to increase your income is learning how to save money. Saving money is extremely important because if you do not save money you would not have money for emergency or you would not have any money for the future. Saving money can solve most of your money problems that you can be having. For example, if you work a job and you get pay weekly, you can take out $50-100. You would notice that over period of time you save a lot of money and you are going to feel good about yourself. I remembered when I first started saving money I will take $100 out of my check every week for 3 months I saved almost $1000, I was so happy and proud of myself because I couldn't believe I did something like that before. Before I was spending all of my money eating out, going to parties and traveling a lot. Those things are great to do, but make sure you put some money away for a rainy day. Today I have so much money saved and now saving money is a natural habit to me.

Once you start saving money you begin to feel you can count on yourself and you begin to believe that your finances would get better in the future. In addition, I started to feel more confident about my finances. Some people think saving money is a bad thing and over the past years I never understood that because saving money would help you in the future and It would make things better. Most people don't know when you save money it grows, its called compound interest. The more money you save it grows with interest. I suggest that you save at least 15% of your income because that way by the end of the year you would have a lot of money in your saving account. In addition, I recommend if your young like in your twenties you should get started soon as possible because you will be ahead than most people.

I noticed when I started saving money in my early 20s and then when I look now I noticed it has grown a lot and I feel more better about myself. I feel confident about my finances because I can look at my bank statements not feeling bad about it. The second tip to make sure money work for you is investing. most people do not talk about this topic a lot and I don't know why. When I first heard about investing money I use to have negative thoughts about it. I used to think if you invest money you are going to lose it all of it. As time went by my thought began to change because I realized you can make a ton of money investing in real estate, stocks or forex trading. It doesn't matter what you invest in you can make a profit no matter what. Some of the things that I invest my money is in the stock market. I started investing in the stock market like 2 years ago and I have to say I had made a lot of money. Some of the things I bought were index funds, ETF'S and single stocks. One of these days I'm going to buy a bond because they grow a lot also too.

If you are trying to get started in the stock market I suggest you start of small and I recommend you do some research so you know what you are doing because yo do not want to lose a lot of money. When I got started I began to buy books off amazon, watch You tube videos and ask people who knew about stocks. I always recommend seeking out knowledge before you start something you do not know about because it would prevent a lot of mistakes from happening.

When you investing in the stock market do not put so much money in because in the beginning you do not know what you are doing for the most part and like I say before you do not want to make mistakes that will cause you to lose a lot of money. When I first started out I will put about $20-25 dollars a week and I probably buy like 2 or three stocks. When I got familiar with the stock market I would work my way up and buy the stocks I want and Learn how to sell at the right time. The stock market is a marathon not a sprint. If you are in it for the long run you will make money. However, If you rush and your not taking your time you will lose money. The last thing you must do if you want your money to work for you is to budget your money. I highly suggest you go in your computer and open up Microsoft Excel and start tracking your expenses. Tracking your expense is important because you know where everything is going, you know how much you spent and how much you saved. This has helped me a lot over the past years. I know how much I spent last month and money that I a year ago because I have tracking my expenses. If you can do it on a computer, I suggest you get a notebook and start writing down everything you have been spending and saving.

I guarantee you if you start to budget out your money you began to know why your expenses are going up or down. You will feel much better about your expenses and you will have more control. If you do these things that I say you will see your income increase and you will live the life you always wanted.