How do you make more money ?

23 comments

1. Start by not lighting money on fire. No amount of increase in income will outpace financial illiteracy.

   After that either work to be a business owner so you can uncap you income, or if you dont want to be a business owner, to always be looking for a better paying job. Never be content with your income level and show no loyalty to your job.

2. There’s your job… and then there’s the actual needs and requirements your company has

   I’ve focused on the latter and my career has thrived

3. Don’t buy things that you don’t need. Learn to say no. Be ready to do any work. You’ll be surprised to know how much some jobs pay you. Don’t be shy to ask for a raise. Be the best version of yourself and keep looking for a better job option every day.

4. Network + training/learning new skills + job hopping.

   If you’re talking about a side-hustle, I don’t, although I keep the option to rent a room or two out of my house in my back pocket as an option. I could probably get $6-800/month each for my two extra bedrooms if I ever really needed it.

5. Making more is generally a quicker road to wealth than saving more. Easy to say but I think it does highlight a particular mindset that can be helpful. Only so much more you can make working for someone else. I made my money when I opened my first business. In banking before that. Went into mortgage brokerage and made about 5x per loan than working for the bank. Then used that money to open another business. And so on.

6. Don’t be afraid to apply for better jobs. The worst thing a potential job can do is say no.

   Also… It’s not necessarily how much you make… It’s about how much you can keep.

7. I have a job that pays well in addition to a a few airbnb’s I own and an app that I run on the side.

   Started with getting a good job which took ~15 years and the rest followed on from there.

8. Aside from not having rich parents, I have a ton of privilege so take this with a grain of salt.

   It’s not about making money, it’s about retaining it and putting it to work for you.

   Work out an monthly budget. That means figure out what you’re spending, and then compare it to your income. It’s probably not pretty.

   Revise it, revise it, and revise it some more. Cut your spending until you’re bringing home more than you need.

   As far as putting it to work, everyone has a different tolerance for risk.

   I’m not a financial advisor, and I don’t know your situation: as long as you aren’t close to retirement, generally it’s safe to put enough into a 401(k) to maximize your employer match, THEN max an HSA contribution, THEN open a Roth IRA and max that, THEN work towards maxing your 401(k).

   It’s not elegant, but compound interest is your friend. When your wages go up, don’t spend more, save it as I mentioned above.

   As far as making more money, my current plan involves the NYSE, and it’s all money I can afford to lose. In the past I’ve picked up extra jobs to get more income.

9. 1. Cooking nearly every meal

   2. Not owning a car

10. I’m not “high earning” by any stretch of the imagination but last year I made a bit more than double the median household income (as a single person) in my city (and this year it’ll probably be significantly more). For me it was a combination of serendipity and what I can only conclude is skill. I have a degree in hard science, and that got me in the door to my current position. But I had an interest in programming and in general have been a “jack of all trades” type of worker (working for multiple people and projects at once), and that’s kept my name in front of a lot of people.

    Now that isn’t the full story – I work with people who probably make more than me, with less or equivalent education and less job experience. It’s really bothered me to be honest, and I’ve wracked my brain over why. I don’t have a specific answer, but I suspect it’s related to the fact that these individuals were hired specifically for the positions they’re in. My field of science is so far from what I’m doing now that it doesn’t really apply (and actually my years of education have *not* counted for the position I’m in). If I’d been able to find a job in that original field perhaps I’d be making even more; as it stands however, my willingness to do new things (seriously, going from biology to writing code to engineering and creating circuits and PCBs) has allowed me to remain relevant in new fields.

11. There are no shortcuts, you have to train yourself so that you have a skillset that is scarce, in demand, and in which you can demonstrate a high degree of proficiency.. Simple economics will then dictate a high price for your skillset. The best way to earn a lot of money is to go to college and earn a highly marketable degree. On average people with a college degree earn a million dollars more over the course of a lifetime than someone with a high school diploma. And that’s on average. If you go and get a degree in something like computational finance or chemical engineering which are in demand and scarce it’s going to be a lot more.

12. I got a degree. Nearly tripled my income in my first year.

13. Best way in my experience to earn more money is to get skills that pay more money.

    The bad news is that they pay more because they’re usually more difficult. Or more dangerous. Or both. It’s not gonna be “this one simple trick!” it’s gonna be a lot of hours learning something that might be completely foreign to you, but once you learn it you’ll be taking in cash hand over fist.

14. Job hop; you’re not getting shit if you stay in the same company for 10+ years.

15. Im in my 40’s, im not rich but i never have to think about what im spending on groceries or going out eating with friends and so on. Spending habits are more important than ”making more money” to an extent. People with 3x my salary might have bigger financial problems than i will ever face due to their spending habits.

    But if we are just talking about making more money, dont be so attached to your job that you stop job searching. Always be on the lookout for your dreamjob.

16. I just got a better paid job.

    Saves me having to fuck about with all that ‘side hustle’ bullshit and whatever else the crooks on YouTube and losers on LinkedIn are selling this week.

    Also, never, ever take on debt unless it’s a mortgage. Paying interest is just burning money.

17. Save and make smart investments.

18. I went back to local college at your age, 2 year networks program, not wealthy but wealthier than before.

19. There are jobs and there are careers, you have to secure a somewhat shitty job that will lead to a trajectory that gets you a career. I did data entry starting at $14 an hour for 5 years (ended at 22/hr), used that experience to get a job in the same field with more responsibilities at 30/hr for two years, used that experience to get the job I have now (90k salaried). I work in cancer research, if you’re curious.

    That second job, when I applied to it I knew that it would be a tough job but that I would be able to move to something better in 2 years and that’s exactly what happened.

    You need to be able to look at your job and say okay I’m going to do this for # years and then with that experience on my resume I will try to transition into X that will pay more. If you don’t at least have a solid idea of where you could move to in a couple years, it’s just a job and you are probably wasting your time.

20. Jump jobs and negotiate salary. Been working great for me.

    The thing you gotta remember is when you’re already employed, you have leverage and you lose nothing if you push too far and just get rejected. So definitely negotiate until you can feel the tension on their checkbooks.

21. I don’t know too many men who are making real good money who didn’t spend their entire 20’s grinding it out, building up expertise and experience.

22. Be creative and a bit lucky.

    Also try not to stay at one place too long. People who stayed at one company forever are usually out earned by new hires. It’s kinda bs really. If you’re working a crappy job, then really prioritize finding a new one.

    Otherwise, try to save as much money as you can, especially early in your life, so that you have savings. And make those savings work for you.

23. Don’t marry young or have kids young. Biggest financial mistake of my life.