6 Smart Ways to Get Rich in 2018

The beginning of the year is a good time to start a better financial plan. But most people just stick with their plans for a few months. Then they return to their old habits.

Fortunately, there are steps you can take to get richer and more established by the end of 2018

1. Create a Monthly Budget

Although following the monthly budget is the easiest way to control spending, not everyone can do it. And making monthly budget is quite easy. It only takes an hour, will not spend all your time.

The trick is to write down your monthly income and subtract it with a monthly bill. Add also other needs such as clothes, entertainment, and emergency needs.

1. Ask for a raise

Getting a raise is a way to keep finances more stable by the end of the year. Then how to ask the boss to raise the salary?

You should find out and compare the salaries incurred by other companies with the type of work and city in which you work.

If your salary is below standard, try asking for a raise to your boss. Do not forget to convince your boss with personal work performance.

1. Have More than One Job

Although you can not ask your boss for a raise, you can increase your income by having a side job. Today, there are so many companies offering side jobs.

If you can join a freelance project or work in a local restaurant or cafe on weekends, you can certainly earn extra income.

1. Turning a hobby into a business opportunity
   
   If you have a hobby that tends to spend your free time, why not turn it into a source of income? In this way, you can do the things you like and get paid.

If you're an animal lover, you can try to be a pet nanny. If interested in photography, try to sell your photos or offer services that can be done at weddings or other events. There are many other creative jobs that can be tried.

1. Stop paying credit card interest

Credit card debt can jeopardize one's earnings. Even if the debt burden is not that bad, you should know that every day there is an increased interest. The best way to avoid it is to pay bills quickly.

If your balance is moderate, you can pay your bills immediately. You can also sell some items or try the four steps above. Another choice? Look at balance transfers, which will not only allow you to consolidate your debt, but ideally lower the overall interest rate in the process.

1. Purchase shares

Long-term investing in the stock market is a great idea. Because investments in a short time are often high risk and susceptible to losers. However, because you invest for 20 to 30 years, that does not mean you can not enjoy your income during that time.

If you put some money into the stock, you will get paid dividends that can be enjoyed immediately.