Sun Oct 27 2024, by Tyler Gardner

Three Effective Ways to Increase Your Income in 2025

If you are looking to make more money, and who isn't, here are the three ways to do it. I'm Tyler, a former financial advisor and portfolio manager. Now I create financial content for free, so you don't have to pay for it.

1. Save More of What You Currently Make

Yes, it's hard. For many of us, it's downright impossible based on inflation and the cost of goods. You might feel like you're living paycheck to paycheck, but ironically, saving more of your paycheck is the only way to eventually not live paycheck to paycheck.

2. Earn More Than You Currently Make

This could be through a raise, a new job, an extra job, or a side hustle. Most of us don’t want to work more hours. However, in this remote era, with your phone being the only tool needed to market yourself to millions for free, I don't know what your excuse is. Stop consuming social media and start creating it!

3. Take on More Risks in Your Investments

Nope, I'm not telling you to do this indiscriminately. It's always crucial to know your own risk tolerance before you invest. However, by taking on additional risk in the markets, you can expect a higher return. If your money is 100% in a savings account, even a high-yield savings account, but you dislike the idea of saving more or working more, consider committing to putting some of your money to work for you in 2025 by learning how to invest.

If any of this is helpful, please like and follow, and I'll keep trying to get you one step closer to where you need to be.

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