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10 Proven Ways To Grow Money

Everyone wants a fat bank account. I mean, who wouldn’t want to be able to retire early, go on expensive vacations whenever they want. The Bahamas, they’re looking quite excellent this time of year, and buying whatever their heart desires on demand. It’s every man’s dream, but to get there, there’s a tall price to pay. If you want to be wealthy and grow your money within the next few years, then you better pay attention.

Here are 10 proven strategies that you can use to achieve your financial goals. And maybe even buy that dream car or house you’ve always wanted. Make sure to read until the end because I think the last three will really surprise you.

1. Maintain all your assets well.

This is the most underrated strategy in the whole process of growing wealth. Many people don’t understand the importance of taking good care of whatever they currently own.

Say You have a car, if you don’t take it to the garage for regular servicing it will end up breaking down. The repair costs will be far much more than what it would have cost you to maintain it. This way you end up spending a lot more than you should.

Also, if you don’t take care of simple things like clothes and shoes your own, you’ll end up needing to buy new ones every other time.
This also applies to your health, when you don’t take care of your well being, you end up in carrying unexpected medical bills.



Take care of yourself as you’re the biggest asset in your life. Make sure your self-care regime covers you mentally, spiritually, emotionally, and not just physically. It’s not that hard, really. Just follow all the basic rules of life. Don’t drink and drive, exercise regularly, eat your vegetables, practice self love, and you’ll be on the right path.

I bet you now understand how prevention is better than a cure. As you’re growing your wealth, you don’t need unnecessary interruptions that would be brought about by unexpected bills and expenses.

Also, learn about 7 types of income of an average millionaire.

2. Invest in knowledge.

They say you can never know too much. This applies to every aspect of your life, including your finances. Take up online courses on personal finance management, continuously read Finance blogs online, get wealth management magazines, and attend events and conferences. They will expand your knowledge on this topic.

The more you know, the more you’ll be in a better position to make informed decisions concerning your money. Also, being always on the lookout will help you identify deals, promotions which could save you a lot of money. This can also be approached in another way. You can improve your skills based on your career path.

It’s no longer a secret that companies retrench their employees during financially hard times. If you’re well qualified, chances are you’ll keep your job, and if you get retrenched your additional skills will give you an upper hand in getting another job.

If you’re an entrepreneur, continuously study new trends and apply them to your business to increase your competitive advantage. This could increase your sales, giving you a better paycheck at the end of the month. Taking that time to study your learned something new can really pay off big time.

Also, learn these 13 principles of investing.

3. Be Consistent.

You have to continuously make the right financial decisions if you want your money to grow. Not just today and tomorrow, but for the rest of your life. Any mistake could take you back a couple of steps, and in the second you could lose everything you’ve strived to build.

The only way to be consistent is by building that discipline muscle; only pay for things you need, stick to your budget, and strictly follow your blueprint plan.

There are no shortcuts to building wealth. Well, unless you’re the lucky few, like Mark Zuckerberg, and you can come up with a $1,000,000,000 idea overnight. It will take time and a lot of discipline, but the rewards are worth the while.

Check out 15 Traits to Adopt to Get What You REALLY Want

4. Seek Expert Advice.

Once you see some traction, you can ask for expert advice. This is where you could be in a situation where you don’t have the capacity to make major decisions.

Say you want to determine whether you are financially able to buy a house worth $600,000 or a $1,000,000, or maybe you’re just stranded on the next financial moves to make. It might be the right time to seek expert advice.

Most people have the wrong perception that financial experts are expensive to hire, and work with the super wealthy exclusively.
Contrary to common belief, you’ll be surprised to find very affordable yet well qualified financial advisors.

We’re not telling you to go for the first convenient one, but select one who has a good track record of helping people facing the same financial issues you have. Also, ensure they have the right certification in background.

5. Keep an eye on investment and review your investments

Once you’ve invested your money, it’s only logical to follow up on the growth.

After a couple of months, you can go back and review the benefits of your decisions. Are the investments delivering the promised results? Are you on track as you had planned? Do the numbers add up?

Once you’ve reviewed the changes, you can now make the relevant adjustments. It’s important to always know how much you’re worth. Always be aware of the asset you have, the value of your investments and the money you have in the bank.

Being cautious of your current financial situation, and reviewing the growth, is one of the most important steps to growing your money.

Check out the invest section on our blog MakeMoneyOnline.app to get great advice on the best ways to invest.

6. Identify investment opportunities. 

If you’ve established a healthy savings account, you can now venture into investing it .However, don’t rush into this death, take your time to review all the available options. Evaluate the viability of each opportunity, then select ones that will meet your financial needs.

While you’re deciding which investment is the most suitable for you, your money can be growing in value from the interest rate in your savings account.

However, as great as secure as a fixed deposit account is, it’s not recommended to keep your money in there for too long. Since your money will only be increasing at a relatively smaller rate than it would in other investments.

Some of the investment opportunities you could look into include;

  • Mutual funds
  • Stocks
  • Bonds
  • Real estate.

Once again, I repeat, Do your homework. You have to invest time and energy throughout your research process.

Also, learn about 7 types of income of an average millionaire.

7. Retirement Fund

Like it or not, we all grow old, then we get weak, and then we won’t be able to work anymore. That’s why in our later years, we’ll need a fund to keep us going.

So after you’ve increased your savings capacity, part of this should go to your retirement fund. If you’re planning on retiring early, or securing yourself financially in old age, then you have no choice but to start your fund today. If you already have one, maybe it’s time to increase your contributions.

Financial advisor’s usually recommend having a 401K plan. This not only grows your money through compounding, but it reduces your taxable income.

For example, you’ll only be taxed on $70,000. If you earn 75,000 and contribute 5000 to your 401 K account.With a proper retirement fund  you’ll be growing your money, saving money, and securing your future all at the same time.

8. Start saving 

If you haven’t started already, what are you waiting for? Now that you’re debt free, it’s much easier to stretch out your savings capacity.

There are so many rules that govern the whole saving theory, but the most common and effective is the 50 30 20 rule. This rule states that 50% of your income should do expenses such as rent, utilities, school fees and food. 30% of your salary should go to personal entertainment and all other fun staff, and 20% should go to your savings.

It sounds like a great plan, right? But if you really want to see results as soon as possible, then you may have to switch up 30% in 20%. So essentially, it ends up being the 50 20 30 rule where 30% goes toward savings and 20% to entertainment.

We advise you to channel 30% of your income towards savings. The more you have saved up, the more your money will grow faster. In order to do this you have to list all of your expenditures and their costs, then identify those that you can cut down or get rid off entirely.

For example, you can opt-out of your daily Starbucks coffee and make your own cup of coffee instead. You could also change your current data plan into a cheaper one. There are so many ways you can reduce your monthly expenses, just put in the effort.

Remember growing your wealth will require full commitment from you. 

Check out the savings section on our blog to learn many different ways to save.

9. Say No to debt 

Debt can be good in building a credit score, but it can also be crippling. For most people debt is a marsh. Whenever they try to get out of it they have to take on new debt, which leads to them sinking even deeper and deeper into it.
Create a habit of not taking debt unnecessarily. Only take the debt, which you can afford to pay back within the shortest time. By the shortest time I mean, within 2 to 3 years. We’re not talking about a mortgage here because that’s an entirely different story. 

With mortgage debt, you’re using the finances to purchase an asset that will appreciate in value. So the interest will be paid off by the capital gains. In this case, debt refers to borrowing money either from the bank or via your credit card to purchase items that are not appreciative, and you probably don’t need it.

If you currently under debt, create a plan to pay this off. Remember the master plan we created in step one, now go back to it and adjust it accordingly. List paying off your debts is the first to do list. It’s advisable to start off with the debts with the highest interest rates first.

Create a list of all your debt, with only interest charges to find out which one is creating the largest dent in your account,
then start paying those off immediately.

Don’t even think about investing before getting rid of the heavy bag of debt on your shoulders. Once you clear the debt, work on increasing your liquid cash to cater for any recurring expenses. This way, you won’t need to borrow again.

10. Create a plan and manifest into it. 

I know it’s sort of cliche to manifest your goals, but there’s a reason why every other guru is swearing by this. In order to achieve anything, you need to plan it. Start by writing down what you want, and put a timeline to it.
Note down exactly how much you want to have in the next 12 months, two years, five years and manifest into it. By manifesting, I mean, constantly review what you’ve written and speak it into reality. 

For example, if one of the things you wrote down includes saving $4000 within the next 12 months, you can read it out loud once every week until it becomes a reality.

Also Create a checklist beside your plans. So that whenever you achieve something, you check it.

As you make the plan, make room for adjustments, because as you continue watching this video, you’ll learn additional strategies that could be implemented into your plan to grow your wealth. 

That’s it for today, I hope you learned something.  Please share this article with your friends and on social media.