Earn More Money by Losing your Credits

We always tend to search for ways to make more money. We search for it on Google. We ask our neighbors or friends if they know some rockets on how to make more money. But we never ask ourselves how we can earn more. In our own little ways we can find a way to earn more. If you are looking how to earn more money then read on. These simple steps can make a big difference in your financial status:

1. Pay yourself first
   
   
   
   A very common mistake when people apply the saying pay yourself first is that they pay themselves with rewards. It may come in the form of food, a watch, new clothes, a new phone or anything that will make their hearts contented. It is not the way to pay yourself first.
   
   
   The best way to pay yourself first is by keeping the hard earned money you received, not spending it on things that you think are rewards because you worked hard for it. By paying yourself first, you may lessen your credits. If you want to pay yourself first you will think twice about taking a loan to buy that expensive smart phone you wanted. Because it will take a cut from the money you earn. That way you will earn more money.
   
   
   Pay yourself first means that you have to lessen the effort you exert on making money. By paying yourself first, more money will pour in to your pocket which will help you on your next step to earn more money.
   
   
   
   
2. Put your hard earned money to good use
   
   
   
   For most people, the only way to make more money is by using your own money. Meaning you have to invest. That is right most of the time because not everyone has the capacity to be a capitalist. A true capitalist can build a big business without spending a cent. And not everyone can be a capitalist. So the only option is to have money which can be solved by the first step.
   
   
   For most people this is a very risky move. Well in fact, all kinds of business or investment have its own risk. But the biggest risk of all if you did not invest is you getting old and poor. Not having all the things you aspire for your life.
   
   
   Most will say, “instead of investing I will buy the things I want because it will make me happy.” Yes, it will make you happy but for how long? The happiness that we felt only last a month then we start to find another thing that we want.
   
   
   There are investments that only cost Php 3,000 or Php 5,000. And most of the things we want cost the same. The choice is yours on what you want to do with your money. But buying everything you want especially if it will leave you bankrupt does not follow the saying pay yourself first. If you invest and the investment succeeds, then you paid yourself by having more money and lessening your burden on earning hard.
   
   
3. Improve your Cashflow
   
   
   
   Cashflow as described by Robert Kiyosaki is the flow of cash based on your income, expenses, assets and liabilities. Cashflow tells the story of your financial status. Let’s say you have a monthly salary of Php 12,000 and you have a monthly expense of Php 10,000, then your cashflow is Php 2,000. It means every month you have a positive cashflow. That money can be used to invest to increase your cashflow. And increasing your cashflow mean improving it. The more money you invest, the more it increases. The more it increases the fewer burdens you have and the more money that will come to your pocket.
   
   
   For some, if they have an extra Php 2,000 a month they are qualified to make a loan they can pay for Php 2,000 a month. That is not a sign of good financial mind. Credits will make you poor and no matter how much more money you earn, if it only goes to credits, it will not solve your problem.