With the prices of basic commodities on the upsurge, it is not enough that people rely on their salaries alone. In fact, if you want to survive in todays world, you need to use money to make more money.
That is probably the reason why it is the rich that get rich while the middle class stay in the middle and the poor are still in the E class. It takes a lot of money to make money. Without the finances to start a worthwhile investment or a business, you will have to rely forever on the good graces of your monthly play slips.
Still, if you do not have all that much to risk in a new venture, you can always put some of your excess money in investments that may not yield big but will still cushion your finances from the effects of inflation. Below are some tips on how to make more money from your pay slip.
Go with the bank
This is perhaps the most common way of investing your money. Nowadays, you can actually open a bank account with just a small amount. Try to save at least a portion of your monthly salary. A goodly 10 or 20 percent is enough to make a tidy sum at the end of one year. In addition to giving you a small percentage of profit every year,...