Of course, there are plenty of easy ways to save and make money when you’re just at home on your laptop, but what about in the long term? Sure, you can generate a bit of extra cash here and there, but have you really thought about building up your bank account over the next 5 or 10 years?
Securing an online shopping voucher once a week is a bonus, but it can be hard to turn these methods into the heavy-lifting, money making elements you wish they were. Sometimes, you have to think outside the box, and decide which of the points below are going to work out best for your future financial health.
Choose a Better Bank Account
What bank account do you currently use? What are the fees on it like? Does it have a good interest rate? Are you satisfied with your overall banking experience? Now, these are questions you should be asking yourself on a regular basis, as your money can often look after itself but only if you give it the right conditions to do so.
So if you do answer these questions and hate the answers to them, it’s time to look for a bank account to switch to. You might even get a switching bonus for doing so, which you could use to take your family out for a lovely restaurant dinner!
Think About Your Investing Power
Investing can be a complicated game, and you can often feel like you’re not ready to play it. You’re happy enough taking online surveys and snatching up a few coupons here and there, and any investment talks can wait until you’re in a better position, right? Well, the longer you wait, the scarier the world of investment becomes.
It can be relatively simple to delve into the investment world these days, considering how many guides there are out there to things like the stock market and Bitcoin OTC trades. Even just knowing how these systems work can make you a lot more confident about your long term financial health, and even with just $100, you can double or triple your investment amount in a few months.
Consider the Kind of Side Hustle You Could Start
Side hustles are recommended by almost everyone these days, as they’re one of the best ways to generate money on a scalable level. If you’re good at something, it’s a good idea to put a price on it, and then sell it as a service to those in need. And if you’ve got a few spare hours and enough confidence in your skills, you could make a lot of money here.
Market your new hustle using social media, get your friends and family to be your first customers, and build out from there. You could make upwards of an extra $100 per week in the first month, and this rate only gets better!
Your long term financial health really matters, and it’s time to focus on it.
What do you think?