Proven Ways To Have More Money and Spend Less


Everyone knows that money is a very important factor in life. I am going to share how you can have more money apart from your main income stream. You don’t need to necessarily pick multiple options from these but even choosing one and working on it for the long term would be great.

From long-term, I mean at least 3-7 years. After selecting the income stream, even if you dedicate 2 hours a day consistently over the years, you will see great and positive results in your income.

Once you start seeing your desired income from this side hustle. You can quit the job or work you never wanted to do in the first place and start working on your favorite project full-time.

I am also going to explain how you can spend less money, so you have more money to invest in your dream business.

There are two ways to have more money: Increase Income and decrease expenses.

Ways to Increase Income

1. Start a Second Job

Any job which can help you make more money or can support your requirements. No work is bigger or smaller.

2. Start a Side Hustle

Side, hustle could be any kind of work that makes you some extra bucks to support yourself and your family.

Just visit this link and watch these videos on YouTube about side-hustle ideas.

You can keep working on the side-hustle until you get the required money for your goals.

3. Switch to a Better Paying Job

These days better opportunities are just a Google search away. If you believe you are getting underpaid, then it’s time to switch jobs. If a remote job can pay more than your physical job then switch to remote work. I suggesting anyone to be greedy. But we must our worth and never settle for less.

There’s one YouTube channel that teaches about the worth of yourself effectively.

4. Start an Online Business

Thinking about starting an online business, but don’t know where to begin?

Well, you no longer need to search far, YouTube is filled of channels that provide immense value. But the problem is, there’s too much information and everyone talks like to be the expert in their field.

The problem is, not everyone is. Here are some videos which I recommend helping you kick-start your business online.

But before that, we have to decide what do we want to achieve?

Just want to make money, or money and fame!

If just money, then here is just one video that covers the most of the genuine ways you can earn money online. I can tell you, these are proven and tested ways to earn some extra or if done with complete dedication a lot of cash.

As I am personally against social media, the Instagram part of this video we can ignore. Kindly watch this video for more insights.

5. Invest in Real Estate

I personally have no experience in the real estate sector. But humans need a real place to live in, right! For professional real estate advice, I recommend you watch this video by Robert Kiyosaki.

6. Freelancing

If you explore websites like, you’ll be surprised, at what kind of work people are ordering there. If you have a skill, you can start providing your freelancing services on websites like Fiverr and Upwork.

7. Blogging

If you can write valuable content, then the best way to distribute your content would be by blogging. Before you start blogging, I highly recommend that you read this book. The Business Blog Handbook: A Step-by-Step Guide to Running a Business Blog that Drives Traffic and Accelerates Growth by Kathryn Aragon.

8. E-commerce Business

Starting an e-commerce business these days is not difficult but making it a success requires a lot of effort and work. But fruits are great too. Here’s one great idea, If you live in a big city, you must know there are shops where you get fine products for extremely cheap prices.

Buying those products and selling them online at a higher price with no shipping charges. That’s a nice and inexpensive way to start an e-commerce business.

Ways to Decrease Expenses

1. Spend Less

The first point in this section is very simple. It’s very easy to do once you figured it out. Think carefully about where you spent money in the last year. If you track your expenses and income, it’s very easy to do. Just filter the expenses where you think things could have worked out without spending money there. Or things could have worked out by spending less amount.

Are there any repetitive expenses that you can cut or decrease by changing services to another provider? If yes, then do so.

You’ll be shocked to see the results and realizations of how much money you could have saved.

Now don’t cry over spilled milk. Just be extremely cautious when you spend the money next time and invest that money in good stocks or buy digital gold. If you like, you can buy Bitcoin too but that’s very risky stuff. I wouldn’t recommend it unless you are okay with taking an extremely high risk.

2. Decrease the Frequency of Eating Out to As Low As Possible

Eat great and healthy food but why pay extra at fancy restaurants when you can make great food at home.

These days you can find amazing recipes for almost any food via Google. It’s just a search away. Buy raw food, and cook at home. Plus, if you are a male, your wife or mother will be extremely happy to see you cooking.

3. Stay Away From Luxury Items Unless You Earn $1 Million in at least 3 Days

It’s true to some extent that luxury items are made to keep low-earning people poor. Sometimes fashion, music, automotive, and film industries work together to increase the craze for luxury goods among teenagers and younger audiences. If possible, avoid making purchases after getting influenced by these industries.

Let me give you one example of one expensive clothing brand. I just got married last month, and my wife’s parents were about to visit my home to see me so that we could proceed further. Now I was in hurry and wanted to wear something nice on that day. But I didn’t like anything from my wardrobe. So I went out to Superdry’s store and bought a long sleeve t-shirt for $51.71 (INR 4,000).

It’s the first time I purchased such an expensive t-shirt. You know why it’s so much expensive for me because I know its actual cost. How? Well, we manufacture woolen clothes, it is our family business. That t-shirt’s actual cost is not more than $5.81 (INR 450). My wallet was crying while giving money but I liked the tee, and most of all it was an emergency and a special occasion for me, so I purchased it.

Now, with that $45.9 I could have purchased some shares of Apple, Tata, or Google. And that money would have been added to my investment portfolio. But now it’s just gone. It won’t come back. When it comes to clothing and luxury goods, be smart, and choose wisely.

4. Use Coupons and Ask For Discounts

Before purchasing anything always ask for discounts or coupons. 97% of internet companies will give extra discounts on services and products if you reach out to their support team. Just ask nicely. Use reputed coupon websites to get coupons.

Extra Tip:
Did you know if you add items to a cart in some online store and close the website. The company will reach out to you within the next 24 hours with some extra discount. You can use this trick. But not all the websites provide such offers.

5. Cancel Useless Subscriptions

The best example of this would be a streaming service subscription. You really don’t need to watch every single web series or movie. That’s the ultimate way of wasting time. If I could give one piece of advice to myself at the age of 17 I would advise avoiding watching movies and web series and focusing on managing finance and developing skills.

6. Don’t Buy New Phone Unless, the Old One is Useless

I haven’t changed my iPhone in 4+ years. And it works just fine even now. Apps are smooth, calling is fine too. I’ll change it in the next few months. But see, I used it for almost 5 years. And I don’t feel bad about it.

You can save a lot of money by worrying less about social status and what others will think.

7. Don’t Buy Things to Impress Others or Because of Social Status

I hope it doesn’t happen but if you become financially weak someday, then no one, not a single person whom you were trying to impress would offer you money even for groceries for your home. Never ever buy stuff to impress other people. Only buy things that you need. The essential ones.

Let me give you an example of a great company everyone knows about. It’s my favorite too. It’s Nike. I wear Nike shoes, not because I want to impress others. But because I can’t wear uncomfortable or ugly things. I just can’t and I like running. The designs and durability of Nike’s products are just amazing, and the shoes are very comfortable.

More than a year ago I bought my running shoes at $96.88 after a 40% discount. More than a year ago and they are still great. I am not buying another pair of shoes unless these ones become useless. And this is my only running shoe pair and I run almost daily for 30 minutes or sometimes 20 minutes.

I purchased the expensive product because there’s no other product with such design and durability. Not to impress anyone or because of social status. I did not even put a status when I got these shoes.

I hope this article helps you in some way. I wish you happy savings and investing and thank you so much for reading my article.


About Pankaj Sharma

I have worked for more than a decade running online businesses and blogs. Did research on blockchain for more than 15 months which is ongoing. Powerful project is the outcome of my overall experience.

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