6 Unusual Ways to Make Money: Wealthy Folks Revealed

When it comes to managing money, there's no one-size-fits-all approach. However, it's often helpful to take cues from those who have accumulated wealth and learn from their habits and strategies.

For example, someone asked in a forum, “To those who became wealthy, what are the most overlooked ways of earning money that people should look at?”

Through a difficult feat, many people believe it always benefits the pocket to pretend you're not earning so much. Someone said, “I've possessed this mindset since 2020 and am the most financially secure I've ever been.”

Living Below Your Means

As an offshoot from that first, one individual noted that making a spreadsheet of your weekly/monthly expenses can be a super helpful tool. If budgeted appropriately, they would understand how they nickel and dime themselves into living in poverty while earning so much annually.

Creating a Budget

One user stated that assessment is the first real stage to determine where each dollar is spent. After doing so for a few months, it becomes evident how much dining out, random purchases, and bar drinks cost.

Finding Out Where Your Money Goes

Interest payments on high-interest debt can quickly add up, leading to a situation where the interest paid exceeds the original loan amount. If you carry a lot of high-interest debt, your credit score will suffer, and you'll pay more interest and fees.

Not Incurring High-Interest Debt

Building equity can be an effective way to increase your net worth and improve your financial position. One user stated that having a job with a generously defined retirement/pension program and taking advantage of it is one method to build equity.

Building Equity

“Whenever I wanted to make any impulse purchase, I just told myself I didn't have enough money for it because I didn't know how much money I had,” one participant said about their experience with impulse buying.

Not Impulse Buying

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