How to make enough money to live your life comfortably

Everyone needs money for food, clothing, paying bills, and a roof over their head. Whether you are a young single person, a young couple, a family or are nearing retirement or already retired, you will have the same basic needs as everyone else. How much money you need to meet these basic needs, and enough extra to live comfortably, will depend on who you are and what type of lifestyle you are accustomed to. The following are some of the ways you can make enough money to live your life comfortably.

Budget your income

The first thing everyone can do to help their financial situation is to spend less than they earn. The best way to find out the amount you are spending is to draw up a budget. A budget will help you to manage your cash flow so you don’t run short between pays. This will determine how much money you need to live comfortably in life.

Discover and use your talents

Everyone’s talented at something, you just have to find out what it is that you’re good at and develop. If you’ve recognised and mastered your special skill, there will always be people willing to pay for your service. Whether it’s hair dressing, or you’re gifted with numbers, keep learning and improving and you’ll be the best at what you do, which will attract business.

Freelancing

If you have talent in writing, photography, technology, art, or music- become a freelancer. Also, if you’re a hair dresser, nail technician, beauty therapist, these roles can be extended into your own time. Create an environment at home and let clients come there instead.

Get qualified

Study to gain extra qualifications in your career will definitely get you far. Eg: If you’re an AIN – Assistant In Nursing, go back to TAFE and study to be an EN – Enrolled Nurse. Each course usually taking between 6 months – 2 years to gain yourself another certificate, qualification, and pay rise. So very worth it! Make sure this is a career you love, or you will defeat your purpose of living comfortably.

Invest 

Find ways to build your wealth so you don’t have to just survive from one pay cheque to the next. Invest in real estate, Bitcoin, gold and silver is the smart thing to do. All of these things are looking to increase dramatically in value as time goes on.

Take control of your superannuation fund

This is an excellent idea whatever your age, whether you are just starting out in the working world or are nearly retired. Taking control of your own superannuation is a smart thing to do. It is reasonably easy to set up and even easier to look after, with the help of an accountant of course.

Remember all those year ago the Australian Government took a chunk of everyone’s super? If not, you should because it happened. This promoted lots of people to relocate their super into a self-managed fund that the government can’t get their hands on. It does take a little work – chasing all of your super from different superannuation companies and getting them to transfer your money into this self-managed account. (These super companies are making it harder and harder for you to do this, but it can be done. Just stick at it!) Once it’s done though, you can put your mind at ease! Once your money hits your self-managed fund you can then invest it in things like Bitcoin, gold and silver 🙂

There you have it. Our tips on how to live your life comfortably! Making sure you love what you do and are good at it, which can have a huge benefit on your life and your finances. Be smart with your money, and if you need help with that, get some from a professional.

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