Tomorrow’s Millionaire: Increase your Income

  • by Rayna Karst
  • Jan 19, 2024, 12:01 PM

If you aspire to become a millionaire, you’ll want to put a significant portion of your annual income into a retirement account, investment, or other savings account. But for those on a strict budget, saving that much can be tough.

The solution is easier said than done: find a way to make more money! Try out a few money-making ideas to help you achieve millionaire status sooner:

  1. Ask for a pay increase. If you feel like you’re due for a raise, there’s no harm in sitting down with your supervisor to explain why you feel you deserve a pay increase. When asking, be sure to be prepared with the salary you want and examples of the work you’ve done that justifies a raise.

  2. Drive for a food delivery or ride share company. Delivering food or giving rides for a rideshare company like Uber or Lyft are easy ways to make some extra cash, on your time. All you need is a reliable car and a good driving record.

  3. Get certified in a new skill. Many companies will offer more pay for employees with special certifications or skills. Take some classes online or ask your employer about a training program that will give you an edge - and move you up the pay scale.  

  4. Turn your hobby into a source of income on the side. Are you passionate about photography? Are you a whiz with your knitting needles? Turn your hobbies into side jobs to earn an extra buck during your down time.


  5. Hold regular garage sales or sell your used items online. Go through your closets and attic and get rid of what you don’t need. Selling gently-used items is a great way to make some money and declutter at the same time.