How to become wealthy

Everyone wants to be wealthy (or at least well off) and be able to choose when and why they work. It’s difficult to feel like you’re achieving anything when you’re paying a lot of rent or paying $5 for a coffee every day, but we’ve got some tips to help you save better and spend more wisely.

There are ways for everyone to become rich, whether it’s through an emerging industry or using your special talents to obtain your dream job. Here are our handy hints on ways to improve your finances drastically.

Sniff out money

Investing is the best way to go about making $1 turn into $1,000. The stock market is ever changing, so one day you could earn a large profit from your stock and the next day you might lose twice as much. The best way to stay on top of the market is research. A stock which has just released a certain product that is becoming readily popular is always a steady bet, but be sure to do your research before investing your well-earned cash.

Micro-jobs

A micro-job is a personal task which is booked through the internet via a site like Airtasker or TaskRabbit. You can do any menial or skilled task, from being a handyman, baby sitter, virtual assistant, dog walker to even writing blogs. Doing these will expand your resume and let you make profit without doing much. When you do earn profit from these simple tasks, you should invest in something you like and maybe turn over that profit for the better.

Profit from your hobby

What do you like to spend time doing? Maybe you’re interested in cars and you want to become a repairman? Sometimes it’s best to take the plunge and just start your business. The best thing to do is start out small, tell your friends you opened up a business, and get them to test out the products or service your provide. If they like it, maybe put up a few advertisements online and see what kind of response you get. The best thing you will learn from being self-directed is to be active and ask what you or the business could do to improve.

Get the right attitude

A defeatist attitude won’t help you succeed in business or in life. If you don’t think you’ll succeed, you won’t try and you can’t reach new heights without trying. Surrounding yourself with smart, like-minded people will help you get the right attitude and allow you to learn from others’ experiences. Experienced entrepreneurs and business people will also be able to provide you with direction.

Find easy ways to save

These days everything is an app, so it shouldn’t surprise you that there are great apps out there that can help you squirrel away savings. Apps like Acorns and Mint can help you save by putting away tiny amounts of money every day, or by tracking your bills and expenses so you know where your money is going and how to cut back.