How to make money is one thing but being able to manage your money and make it grow is another which needs one to be focused, determined and disciplined. To be able to do the three as each has its own key role to play in money matters, knowing and engaging in all three will be able to help us grow, achieve our goals and take control of our financial lives. 

For us to be successful in matters regarding money we need to make sure that we balance all the three or incorporate them as just each one by itself is not going to help you build a financially sufficient life, as you are working or doing business which is of course to make money you need to have knowledge and a clear understanding of how you’ll be able to manage it and multiply it because just keeping money without growing it is also a risk.

A making money

Making money generally means being able to generate an income through different means always, in today’s world you can make money by physically reporting for work to a company or business premise or you can work online through blogging, all your need is to sign up on hostinger an create a website technology is taking over and life has been made easier and smarter where you can even do your work online without having to be physically present isn’t that amazing?

 Below are some  of the ways to make money 

1.through entrepreneurship

It’s a process of launching and running a well designed and thought out business adventure interpretation involving one being innovative and creative with products and providing unique and distinguished services that the market or people need. 

You just need to know which category you will be in, whether it is a small business entrepreneur who runs and starts a small business or a scalable entrepreneur who builds their business with high growth potential for a social entrepreneur who starts or creates a business that addresses social and environmental issues 

2. Work

Here, one party assumes the role of an employer, and the other, the employee, performs labour in exchange for compensation. Usually, someone can best complete it under contract, with different employment agreements based on the investment

They’re also a great way to make money because you can get returns from your investments. Investment choices include government bonds, Treasury bills, and real estate. You can invest in a company or yourself that can make money every day instead of waiting for a monthly salary. Investing early is the best option. The employer.

Therefore, this is an additional means by which individuals can generate income to sustain their families and accomplish their financial goals. Many have gone on to have successful jobs as a result.

3. By means of internet-based prospects

There are many ways to earn money online and advance your career, such as freelancing. You can provide services like writing, programming, and graphic design to different clients on different platforms. You can also perform micro tasks or jobs that pay in dollars on different platforms, like blogging and YouTube, some of which pay well.

4. Investments

Since you can receive retainments from your investments, they’re also a terrific way to gain money. Treasury bills, government bonds, and real estate are all options for investment. In addition to waiting for a monthly wage, you can invest in a business or in yourself that can generate revenue on a daily basis. It is best to make investments early.

B handling finances

Money management is just as important as making money, and if we want to reach our financial objectives and have a happy financial life, we must learn how to manage it well. If you don’t manage your money well, it will fluctuate and disappear before you know it, leaving you with less money and no power.

To attain financial stability, prosperity, and security, you must be able to plan, organise, and control your financial resources. There are several techniques to manage money, including

1. Budgeting

Always make a plan for your income and expenses, whether they be weekly, monthly, or daily. develop sure you know the % for that and your savings. When you develop a budget, be sure you have the self-control to stick to it.

Additionally, keep in mind that you should not go over your budget, but you should also avoid going under because you don’t want to have to go past your means and end up in debt. Make a budget for everything, regardless of how little money or income you have.

2. Debts

if you want to leave a fulfilled financial life and achieve your financial goals avoid borrowing or debts this does not make life any easier avoid especially borrowing for consumption or to fund a life you cannot afford it will only lead you into financial struggles and captivity, one thing I have learned is that if you  are able to budget well, you will achieve far much more, without this or having to pay back people for borrowed money you want even be distressed especially if you leave within your means. 

Debts have shattered people’s dreams and goals and others who have failed to pay off pay a huge price like loss of property, jobs, businesses, even family. Debt needs to be managed smartly and avoid it as much as possible.

3.Save

you can manage your money by saving, others would say by paying yourself first. Before you spend, the first thing you should do is to save,set money aside for your long term and short term goals, emergencies and unexpected expenses as this is something you cannot avoid.

You are better prepared and safe than sorry, because unexpected events that happen and are not planned for are a huge cause of debts, stress and anxiety. So manage your money by saving whether on a weekly,daily or monthly basis and be consistent. 

You are better prepared for anything and secure your future as managing money is very crucial in achieving financial stability too.

C. Growing Money:

We need to be able to increase the value of our financial resources with time through various means such as investing, savings and also by making smart financial decisions. It is through growing our money that we are able to create wealth.There are quite a number of ways that we can grow our money these includes:

1.Through investing in assets: that have potential for growth such as government bonds, stocks and real estate.

2.Savings: always set money aside for your savings for you to be able to achieve your long term and short term financial goals and will enable you to invest in various ventures without stress and will enable growth.

You can also save money in fixed savings accounts where you don’t incur any monthly charges but your money will be gaining interest.

Growing your money has quite a number of advantages or benefits such as increased income where you are generating additional income through investments and business ventures, you will gain financial sustainability, stability and freedom, even if unexpected situations happen or emergencies arise it will never take you by surprise so be intentional about growing your money.

Conclusion

Making, managing, and growing money is a very important key aspect especially in building a sustainable life and future. it will help you become financially stable and enable you to pursue and achieve your goals as well as build a secure financial future