How to make money is one of the most common questions people think about, whether they are poor, middle-class, or rich, because money plays a vital role in life.
In today’s world, if you want to live a good life or fulfil your desires, having money is essential. There are some people who consider money to be God, because life without money is simply impossible. Every person thinks about how to make money or how to earn money in different ways depending on their situation. So, let us share some important facts about ways to make money that you need to understand.
There are three types of people in the world who think about how to earn money:
- Poor people
- Middle-class people
- Wealthy people
You and I are also included in these three types of people, so please read this article carefully and completely, especially if you are searching for practical how to make money ideas or want to achieve financial freedom.
1) Poor People:
Poor people need money the most because they don’t have much of it. There’s no doubt that most poor people are very hard-working. If you know a poor person, you’ve likely noticed that they are not overly greedy for money. The unique characteristic of poor people is that they are content with whatever they receive daily. If a poor person earns even a little money through hard work, it brings a smile to their face. Poor people certainly think about how to make money, but they do not stress excessively over it.
How to Make Money if You Are a Poor Person?
If you’re poor and thinking about how to make money, you shouldn’t take shortcuts. Earning money isn’t a big deal, but wasting it on unnecessary expenses is. A poor person should consider saving money along with earning it. If a poor person wants to escape poverty, saving money is essential. We must keep this in mind.
So, let’s discuss how to make money if you belong to a poor background. We’ll give you some earning money tips to read carefully.
1) Start Providing Local Services
Every country in the world has local services that you can start with no investment, and if you want, you can even earn daily income from them, such as:
- Cleaning someone’s house
- Ironing clothes
- Tiffin service
- Delivery boy
- Gardening service
- Watchman
These are ways to make money that are in demand year-round in every country. If you’re wondering how to get such work, don’t worry. To get such jobs, first contact your neighbours and nearby shops. Then, pay attention to job advertisements in the newspaper. In some countries, there are agencies that provide such daily income work, so contact those agencies that can help you get a job quickly and also provide you with a good salary.
2) Use the skills you already possess
Everyone possesses some skill. If you’re poor and have a skill, stop worrying about how to make money, because you can easily earn money using your skills, such as:
- If you have the skill to tailor and stitch clothes, you can earn good money.
- Do you have the skill to cut hair as a stylist? If so, you can earn good money, because hair styling is a high-demand skill.
- If you have the skills to perform beauty services, you can earn good money. You can also earn good money by going door to door or taking large wedding orders.
- If you have the skill to repair mobile phones, you don’t need to worry about how you’ll earn money. Mobile repair is one of the most in-demand money-making skills in the world these days, because everyone owns a mobile phone.
- If you are skilled at washing people’s cars or bikes well, you can earn good money.
- Are you a good cook? If many people praise you after eating your food, then understand that you have cooking skills which can help you earn good money.
- Do you know all types of driving, from cars to trucks? If yes, then earning money will not be difficult for you. Truck drivers get the highest salaries in many countries in the world, such as Canada and America.
In the end, I will just say that if you do not have any skill, then definitely learn it, because skill-based income can change your entire life.
3) Low-Investment Small Business Ideas for the Poor
People often say that poor people shouldn’t consider starting a business, but I don’t support this philosophy because poor people weren’t born to do only menial jobs. Every poor person has the right to start a business, regardless of their country. It’s true that a poor person should only start with low-investment small business ideas where they have experience and confidence that they will succeed or will make every effort to succeed. So, let me tell you what types of small business ideas for beginners a poor person should consider:
- If you want, you can start a small peanut, corn, or popcorn business in a small vehicle, which can earn you daily income.
- If you know how to make tea or coffee well, you can open a tea or coffee stall. This type of street food business can earn you a good amount of money. Set up your stall in a location with a large crowd, such as a bus stand, railway station, near a corporate office, or on a beach.
- If you want, you can also open a lemonade stall. To earn money daily, start it during the summer season when people need something refreshing to quench their thirst.
- If you want, you can open a stall selling cut fruits or vegetables, which can earn you a good amount of money.
There are many countries in the world where roadside stalls are not allowed, but in most countries, we see a variety of small and large stalls. If the products on your stall are good, people will definitely come to you, which will help grow your business. If you want to take your small business towards success, then please do not misbehave or behave rudely with your customers.
4) How do poor people living in rural areas earn money?
Most of the world’s poor people live in villages. Some poor people living in villages may be illiterate, but they are extremely intelligent. If you are also a poor person living in a village, I will tell you how to earn money in rural areas. Whether you are educated or not does not matter.
- Goat farming is an excellent way for poor people living in villages to earn money. You just need to start with one goat and nurture it well, as goats grow quickly and can generate a good annual income.
- Have you heard of mushroom farming? If not, let me tell you that this is a type of farming that can generate high profits in a small space. This is one of the best small business ideas for rural areas. Before starting mushroom cultivation, be sure to read about it on the internet or seek advice from an experienced farmer who has already done it.
- Many poor village women make pickles, papads, and chips at home. If you want, you can go to shops and sell these homemade products at good prices, which will earn you a good amount of money. These are very effective small-scale home business ideas.
You may or may not like the ideas we’ve suggested, but I want to tell you one thing: small production can turn into a profitable and large business over time, but patience and faith are essential for success.
Above, we explained how poor people can earn money. But if you’re from a middle-class family, you might also be wondering how a middle-class person can earn money. Let me answer this in detail.
2) Middle-Class People:
The majority of people in the world are middle-class. It is said that the number of rich people in the world is very less, while the number of poor people is slightly more than the rich, but the largest group is of the middle class. Middle-class people, along with earning money, are also adept at saving money — this is one of their key characteristics and an important part of how to make money wisely in daily life.
Middle-class people are educated, so they support themselves and their families through jobs and small businesses. In many middle-class families, both husband and wife work to save money for their children. Some middle-class people work hard in their youth and save money to secure their old age. Now, middle-class people have a greater desire to earn money than poor people because they want a better lifestyle for their families and are always thinking about how to make money more efficiently.
Every middle-class person should be aware that receiving a large amount of money easily or quickly, or getting attracted to such offers, can ruin your life. There are many middle-class people in the world who worry about how to make money, but in the pursuit of making money, they sometimes fall prey to scams and regret it later. If you are a middle-class person, we will tell you in detail about how to make money.
1. Freelancing (If You Have Basic Computer Knowledge)
Do you know how to use a computer? If you’re educated, you likely already have some basic computer knowledge. Freelancing is one of the best ways for how to make money online from home, but you need computer or communication skills. If you have these skills, then you can:
- Do you have positive ideas every day that could benefit others? If yes, content writing is a great way for how to make money online and earn a good income.
- Do you know video editing? If not, learn it immediately from YouTube tutorials, because video editing skills can help you earn money from home.
- If you have basic computer knowledge, data entry jobs are one of the easiest ways to get started and earn money online.
- If you know digital marketing, you don’t need to worry about how you’ll earn, because digital marketing skills are in high demand and can help you earn a stable income.
Now, you might be wondering where you can find freelancing jobs, from video editing to digital marketing and data entry, right? Don’t worry. There are many work-from-home platforms like Freelancer, Upwork, Fiverr, and LinkedIn, where you can find plenty of work based on your skills and learn how to make money from home.
2. You Can Earn a Lot of Money Through Teaching or Coaching
Did you know that many people around the world earn a good amount of money by teaching others? Teaching is considered one of the most respectable ways to earn money. First, determine whether you have the ability to teach someone. If yes, then you should:
- You can get a teaching job in a private school or an educational institute, where you can teach students and earn a stable salary.
- If you want to earn part-time money, start tutoring children at home. Home tuition can help you earn a good income while working from home.
- Many teachers today are earning a high income by teaching thousands of students online through platforms like Google Meet or Zoom. If you have the skill to teach, create your own YouTube teaching channel and start sharing knowledge. (YouTube channels take time to grow, so be patient and make sure to learn all the important YouTube guidelines before starting.)
- Do you have skills in music or dance? If yes, start offering music or dance coaching and earn money by teaching others.
- If you know painting, you can conduct painting classes and teach students how to paint, which can earn you a good amount of money.
- If you have good knowledge about yoga or fitness, start yoga coaching or fitness training, either offline or online, and earn money while helping others stay healthy.
3) Earn Money Through a Successful Job or Business
You cannot start a business without experience, as there is a high chance of facing losses. If you want to learn how to make money through business, you first need to work in that field for a few years and gain practical experience. Even if you are educated and financially stable, you should still look for a job in your field to understand how the industry works. It’s possible that, despite your efforts, you may not find a good job right away, but you should keep trying.
The biggest advantage of having a job is that it gives you stability, confidence, and skills. After gaining experience and savings from your job, you can later pursue what you truly want. You can even enjoy your holidays, travel, meet friends, and live freely without financial stress.
If you want to start your own business, create a complete plan for how to make money and how your business will grow before starting. No small business becomes successful overnight. You must give your time, hard work, patience, and dedication to grow the business. Ask yourself honestly — do you have these qualities?
Before investing money in a business, especially by taking a loan, think carefully about how you will repay that loan every month. If your business starts earning well, avoid unnecessary spending. Save your income, because during business slowdowns, your savings will support you and help your business survive.
4. Earn Money Through Social Media and Affiliate Marketing (Without Investment)
Today is the age of social media, where if you go viral, money starts pouring in. However, going viral on social media is not as easy as it seems. Still, millions of people around the world are trying their luck to earn money online through platforms like YouTube, Instagram, and Facebook—so you should try too. If you are wondering how to make money from social media, don’t worry, I’ll explain it simply.
- Ways to Earn Money Through Social Media:
Create a YouTube channel and start uploading videos based on your skill or interest. For example, if you love cooking, record your recipes and upload them to YouTube. Be patient. Even if one video becomes viral, you can earn a significant income through YouTube monetization.
Similarly, you can earn money by creating dance videos, beauty and skincare tips, finance tips, motivational content, or YouTube Shorts. Many people worldwide are earning money this way, making it one of the best ways to earn money without investment.
If you enjoy traveling, you can start a travel vlog channel and earn money through views and sponsorships. (But if you lack patience, starting a YouTube channel may not be suitable.) You can also earn money from Instagram by uploading engaging reels—if your content becomes viral.
- Earn Money Through Affiliate Marketing:
Affiliate marketing is another great platform that allows you to earn money without any investment. If you are not familiar with affiliate marketing, you can learn about it through online tutorials.
Today, many people are earning thousands or even millions through popular affiliate marketing platforms like Amazon Associates, Flipkart Affiliate, Meesho, Awin, and Impact. You simply recommend products, and when someone buys through your link, you earn a commission.
5) Rent Out What You Already Own
- There are many people around the world who earn passive income by renting out property like a house, shop, or land. If you own such property, you can earn money from rental income by renting it out. If you don’t own property, don’t worry, because it’s not necessary to rent out real estate alone. If you have a camera, photography equipment, musical instruments, or valuable books, you can also rent them out and earn extra income.
- Do you have a room in your house that’s always empty? If so, you can rent your room as a PG or homestay and earn a good amount of money.
- Did you know that you can also rent out your bike or car? In many countries, people earn money by renting their vehicles through bike rental or car rental services. This is one of the easiest ways to earn income without investment, so you should definitely consider it.
6) Be Sure to Try a Side Business
Did you know that most middle-class people around the world are using their skills to learn how to make money and generate side income? If you also want to earn money by starting a side business, don’t worry, because here are some ideas through which you can earn extra money. However, you must have the ability to make these businesses successful, otherwise you could face losses.
- If you have knowledge of event decoration, you can earn a good amount of side income from party décor and small event setups.
- Home bakery is a popular side business that many middle-class people are using to earn a steady income from home.
- If you’re interested in catering services, you can also earn money through pre-order catering and small event food services.
- If you’re skilled in photography, you can earn a substantial weekend income or holiday income by taking orders for wedding photography or event shoots.
- Some people are earning a good amount of money through gift hamper businesses, so you should try it if you have more knowledge in this field.
Important Mindsets for Middle-Class People to Understand
- Whether you work or do business, start with a small investment, even if you have a lot of money. This is a smart strategy for middle-class financial growth.
- Before starting a business, work in that field until you become competent in that field. If you are interested in business tips for beginners, save the money you earn from your job so that you can invest it in your business in the future and truly understand how to make money sustainably.
- Never rely on someone else to start a business. You should only trade in things you are proficient in for successful entrepreneurship.
- Never trade things you have no experience in, just because someone else told you to or because you saw someone else making a lot of money. Focus on personal finance and business strategies.
- If you can’t find a job, don’t give up and keep looking for a better one. If you’re tired of searching for a few jobs or have given up mentally, understand that you lack patience. If you can’t find a job, don’t think that starting a business is better than looking for one, because people who lack patience can never become good businessmen. This is crucial for career growth and middle-class success.Patience is essential for career growth and real understanding of how to make money consistently.
- The idea of starting a business by taking a loan is completely wrong. If you’re struggling with money, you’ve worked in your field for 4 to 5 years, and you’re confident that you can take your business to success, only then should you consider taking a loan. This advice is essential for financial planning and smart investment.
- Don’t expect quick promotions in any job, and don’t worry about why your salary isn’t increasing more than others. If you have the ability to do the job, no one will be able to stop your salary from increasing. Do things in your job that your boss will like to boost career growth and professional success.
- No business succeeds immediately; understand this as soon as possible. If your business is progressing slowly, let it grow. Patience is key for entrepreneurship and middle-class business growth.
- Never compare yourself with others in job or business otherwise you will feel mental stress all the time. Focus on your personal growth and financial success.
3) Wealthy People:
Being wealthy means having no shortage of money. Wealthy people either hold the highest and most prestigious positions in their careers, or their businesses are already thriving, generating millions of dollars every day. Rich individuals are constantly focused on how to make money and how to earn more money, so they always think about new ways to increase their wealth. If you’re wealthy or come from a very wealthy family, you can earn money through the following proven methods:
1) Invest in Stocks and Equities
The stock market is one of the easiest ways for wealthy people to earn money, but it comes with risks. If you have little or no experience in the stock market, start slowly: invest in mutual funds, ETFs, and index funds, and consult a stock market expert before making major decisions. (You can also read basic stock market concepts on Investopedia
- Focus on long-term gains, not short-term profits, because rushing can increase the chances of losing money.
- Diversify your portfolio. Don’t put all your money in one stock. Spread your investments across different assets, such as buying individual stocks, investing in mutual funds, and including ETFs and index funds. Most stock market experts advise the same strategy for wealth growth and financial security.
2. Real Estate Investment:
If you are wealthy, you should definitely invest in real estate, such as a shop, house, or land. Investing your money in real estate offers two major benefits:
- You can earn a substantial amount of money every month by renting out your invested house, shop, or land without any effort, creating a steady passive income and wealth growth.
- There are many countries in the world where property prices are rising daily. If your property is located in a good location, its value will also increase in the future, which could bring you significant financial gains and smart investment returns.
Note: Before investing in real estate, be sure to assess the surrounding area and the likely demand for those properties so you can benefit from profitable real estate investment strategies.
3) Invest in Gold:
If you have a lot of money, you should buy gold and silver, whose prices are rising rapidly every day. Gold investment for wealthy individuals, safe investment strategies, and precious metals investment is considered some of the most reliable wealth-building methods.
If you have purchased gold with your own money, you can sell it in an emergency and earn a good amount of money.
4) Adopt Tax-Efficient Strategies:
Wealthy people are very smart and are always looking for ways to protect their money from taxes, such as trusts, charitable donations, and retirement accounts. If you have a lot of money, investing in an institution that legally minimizes taxes can help you avoid paying taxes on a significant portion of your earnings. This is a key tax planning strategy and wealth management tip for rich people.
5) Leverage Your Network and Connections:
If you’re wealthy or from a wealthy family, you likely know people who are wealthier than you, such as prominent businesspeople and politicians. Make more connections with these individuals and try to maintain good relationships with them, which is called strong networking. Getting to know such people can provide you with high-yield investment opportunities and wealth growth strategies in the future.
Networking helps you learn about investments and trades that are not available to the general public and that most people don’t even know about. Therefore, strengthen your networking as much as possible and don’t let your relationships with anyone deteriorate. Building connections for financial success and business opportunities is a key strategy for wealthy individuals.
