The Key to Achieving a Comfortable Lifestyle and Saving More Money

If you're trying to make extra money and cover basic needs, consider one of these tips.

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By Brian Tracy

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Brian Tracy explains a few ways to take care of your family with money.

Tracy offers a few tips on how to increase your family's income, so you may properly cover the expenses of clothing, housing, schooling, entertainment and your own retirement savings. If you are able to properly anticipate these costs, you can improve your quality of life.

Some of these tips include starting a side business. At times, one stream of income is not enough to meet all basic needs -- you may need another source of self-generated income to help cover basics and cover other expenses.

Other money-making tips include investing in real estate. If you are trying to make a profit, you should look at property that will increase in value over time and thus, translate to a more likely source of money.

Finally, invest in the stock market. Though it can be important to remember with the stock market, it may have the potential to be lucrative but it does not go without its risks. If you attempt to move too quickly or make rash decisions, you may lose more money than you are able to make.

Click the video to hear more.

Related: 6 Tips to Stay Focused While Giving a Presentation

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Brian Tracy

Entrepreneur Leadership Network VIP

Chairman and CEO of Brian Tracy International, Speaker and Author

Brian Tracy is chairman and CEO of Brian Tracy International. He is the leading coach on the topics of leadership, self-esteem, goals and success psychology. Learn more at BrianTracy.com

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