You’ve heard all the little ways you can save money just by cutting back on a few things - like, drop your morning coffee and save $1,000 a year. 

Well that may be true, but it’s only one side of the equation. Any economist will tell you there are two ways to save money: you can cut costs or you can increase income. For years most of us have focused on cutting costs, well how about keeping the latte and looking for ways to earn more money instead?

Ramit Sethi, is the author of the New York Times Bestseller, “I Will Teach You To Be Rich.” He says cutting back is a pain, but earning more can be easy and fulfilling. Sethi says find one thing that you’re good at and enjoy doing, turn it into a small side business and start charging. Maybe you don’t think someone will pay for your skills. Sethi says, not true: you pay people to change your oil and cut your hair - so you don’t know until you try whether or not someone will pay for your skill!

You may be an amazing home organizer, or an ace quilter, or a web designer. Whatever your skill is, someone will pay for it. And the best part is, you can do it on your time and your terms. 

According to Ramit Sethi, frugality is important but there’s only so much you can cut. At some point earning more money is the only way to get your finances on track. If you want to find out more about this, check out Sethi’s website at I Will Teach You to Be Rich.com.