2) Have Multiple Sources of Income
Even if you have a pretty nice salary, there is a limit to how much you can make with just one paycheck. If possible, it is advantageous to have multiple sources of income. According to Entrepreneur.com, author Thomas Corely’s research revealed the majority of millionaires have at least 3 such sources. Perhaps obviously, having multiple sources of income means more income. However, you can also use those divisions to plan out your spending. For instance, the money from your different sources can be allocated towards different things. There are several ways to increase your number of streams of income. For example, you can get a second job or make safe investments. With the use of technology today, you can even try hosting an online business or shop. And sometimes you can make money off hobbies, such as blogging.