Lets face it, we want to buy more dividend paying stocks for passive income but that cost money, a lot of money. So we want to buy more stocks so we need to make more money, how do we do that? Before I start on this post, I am not a financial advisor or I am not giving any financial advice so it’s your money to spend but in this post, how can we make more money to buy more stocks.
You should cut out things to save money
One of the best ways to make more money is to save money. There are a few ways to save money and one of the best is to cut out things that you don’t need or things that you can do yourself. One of the things that I cut out was getting my hair cut. I could not make it the get my hair cut due to the big problems that was going on at the time and the shop was closed. So my wife started cutting my hair which save me money and time. I was paying 20 bucks every 2 weeks to get my hair cut and now, I don’t have to pay that. The next thing that I cut out was gas. Since my job told us to work from home, I have been saving a lot of money from buying gas. I was spending 40 bucks every 2 weeks so that’s 80 bucks per month. Since I have been working from home, I have not brought gas like that in a long time which saves me money. I buy less food out, I don’t go anywhere to spend money to save money. So what things can you cut off or reduce to save money? The money that you can save, you can buy more dividend paying stocks.
Build an online business or side hustle to make more money
We all need to build something online or offline to make more money to buy more stocks. You can start a YouTube channel, you can start a blog or start building an email list of people. One of the first things we should do is build something to make more money. Starting something online is a great way to make money. I have a course that will show how to build an online business in the right way. If you want to check this out you can click here.
