5 Ways To Make More Money in 2022

Jan 20, 2022

Photo Credit: Photo by zero take on Unsplash

5 Ways To Make More Money in 2022

You’re a creator, so why not create some wealth?

It’s a new year, and it’s time to start thinking big about your financial future. As creators, it makes perfect sense that you focus most of your energy on being creative. But for better or worse, there’s another side of life–the world of accountants and spreadsheets–that we also need to learn a little about if we don’t plan to live on Ramen noodles forever.

Increasing your earnings won’t completely change your life–there are still many things that money can’t buy–but being financially secure will give you more freedom. The desire for wealth doesn’t have to be a selfish thing, because if you make it big, in addition to buying yourself a mansion and a yacht, you’ll also have more money to donate to charity. 

The problem with most get rich quick schemes is that they usually take a lot of time, or just don’t work at all. Unless you have a big inheritance coming to you, the only way to increase your odds of success is a combination of working smart and working hard. So if you're ready to trade in your Kia for a Lambo, here are 5 ways to earn more money in the new year.


It’s not always bad to have debt–for example student loans may be worthwhile if the interest rates are low and they help you get the career of your dreams. But in general credit card debit is a big no no. Why? Because the interest is usually way too high, and often compounded. And sometimes, emergencies happen and you have no choice but to spend more than you have. But rule number one is avoid debt. And if you are already carrying credit card debt, before you do anything else, focus on paying it off as soon as possible.


Spending mindfully means being aware of your purchases and recurring monthly costs, and one good way to do that is to create a written budget. Take a look at any big monthly bills and see what you really need and what you can do without. Make sure you are choosing your priorities, and discern clearly between what you want and what you need. No matter what, make sure you are paying down debt, and covering food and rent before you spend money on fun and entertainment.


There is no shortage of stories about huge stars who have gone bankrupt. That’s because no matter how much you earn, you still need to save more than you spend or you will go broke. If you earn a million dollars and rush out to buy a Rolls Royce, by the time tax season comes around you may find yourself penniless. So try to minimize your costs. A good rule of thumb is to try to save 25% of your income. Depending on how much you earn, that might not be possible, but if you’re still working your way up the ladder, live a lifestyle that reflects your current financial reality not your dreams. And no matter how much you earn, always try to make sure you set aside some savings in case of an emergency.


If you do get to the point where you have some savings, you may be tempted to start investing so that your money can work for you. But as the recent Reddit GameStop disaster proves, the investing game is tricky and even the professionals can lose their shirts. So when you have enough money to invest, most experts recommend a tax-advantaged account such as a 401(k) or IRA first. That will help you minimize your tax bill and thus increase your returns over time.

If you do want to enter the stock market, trying to pick individual stocks is generally a losing proposition, because in the long run, even the smartest investors rarely beat the market. Meaning, if you simply purchase a fund that is tied to the overall market performance and invest for the long term, your chances of growing wealth are far better than if you try to pick individual stocks. The highest risk activity is day trading, which is basically akin to gambling. So think long-term, build a diverse portfolio, and look with suspicion on anything that promises quick returns.


There is a limit to how much you can limit your expenses, but in theory, there is no limit to how much you can earn. Of course, increasing your income isn’t easy, especially if you have a salary or work for an hourly rate. But whether you have a full-time job or not, you are a creator. That means you are driven to earn a living based on the content you create. Fortunately, pearpop is here to help. Our weekly Challenges are now paying up to thousands of dollars. And that’s not all–we have an entire suite of other powerful tools pearpop offers to help you get paid for your creativity. 

So keep going, work hard and work smart, and we’ll see you at the Lamborghini dealership!