8 Lifestyle Changes to Make If You Want to Earn More Money-Page 2

Switch to a high-interest savings account

Chances are, the money sitting in your savings account is growing at a negligible amount. That's because most of us use the "big banks," which offer a measly interest rate of just 0.01%.
With that interest rate, if you let a $10,000 deposit sit in your standard savings account for one year, you'd receive a mere $1 of interest, and that's before taxes. A $50,000 deposit would yield just $5 of interest after one year.
But if you're using a high-interest savings account at an internet bank (a popular choice is Ally Financial), your $10,000 deposit would generate $100 of interest over one year — and $50,000 would generate $500, thanks to the 1% interest rate. Online savings accounts with higher interest rates — the highest one out there is 1.25% — would get you even more.
Granted, using a high-interest savings account isn't going to score you a windfall or make you rich a year from now, but it's an easy way to earn a few extra bucks from money that's otherwise unoccupied.
If you want to make the jump from a traditional bank to an online bank to start earning back more interest, read more about high-interest savings accounts and check out Magnify Money's list of bank options.

Wake up earlier

They say the early bird gets the worm, and there may be truth behind those words.
Early risers get a head start on everyone else by responding to emails, exercising, meditating, or reading before many of us have even hit the snooze button — and they are happier and healthier because of it.
Some of the most powerful, successful people swear by an early wake-up call — if it works for them, it could work for you.

Put your money to work

One of the most effective ways to earn more money is to invest it, and start as early as possible.
"On average, millionaires invest 20% of their household income each year. Their wealth isn't measured by the amount they make each year, but by how they've saved and invested over time," writes Ramit Sethi in his New York Times bestseller "I Will Teach You to Be Rich."
The great part is you don't need to be rich to invest — you just need to be diligent about setting aside a portion of your money on a consistent basis. The more you can set aside the better, but even a little bit can go a long way, thanks to compound interest.
The simplest starting point is to invest in your employer's 401(k) plan. Next, consider contributing money toward a Roth IRA or traditional IRA, individual retirement accounts with different contribution limits and tax structures — which one you can use depends on your income and the tax implications. If you still have money left over and are hungry to continue investing, you can research low-cost index funds, which Warren Buffett recommends, and look into the online-investment platforms known as "robo-advisers."

Set goals and visualize achieving them

If you want to make more money, you have to have a clear goal and then a specific plan for how to achieve that goal. Money won't just appear — you have to work at it.
Rich people choose to commit to attaining wealth. It takes focus, courage, knowledge, and a lot of effort, Eker emphasizes, and it's possible if you have precise goals and a clear vision: "The number one reason most people don't get what they want is that they don't know what they want. Rich people are totally clear that they want wealth."
Write down what Eker calls "play to win goals" for your annual income and net worth. Be realistic when setting a time frame to attain these goals, but at the same time, think big and don't be afraid to challenge yourself.