Grow Your Money Personal Finance

How to Make More Money In Nigeria

Make more money

Money has rules. If you want to make more money, you must understand the rules of money. And this money rules are governed by laws. The simple money law is that – problems gravitate towards their solution.

This simple law of money is what makes the rich to be richer and the poor to become poorer. That’s why the rich are confident that they will never be subject to the poor. It’s also why the poor never seems to understand why they are not rich.

2 Ways to Make More Money

But to make more money, be the solution to problems that others are willing to pay you money for. As long as that problem remains you will always be rich. However, for someone under employment, the process of making more money is controlled by 2 simple ideas, which are:

  • {1} Increase Income
  • {2} Decrease Expenses

How to Increase Your Income

If you desire to increase your income, there are things you might want to do. As a working class you may not go for those options that are possible for the non working class.

You need to pick your options carefully. Anything that will not interfere with your 9 to 5 job is good to increase your income. Here are some ideas to help you increase your income without quitting your main hustle.

Start A Side Hustle

Starting a side hustle is one good way to make more money. It gives you an opportunity to earn from your skills without compromising your commitment in your 9 to 5 job. And there are numerous ideas for a side hustle.

The best side hustle for you might just be that same skilled job you do on a 9 to 5 employment. Before you start thinking what can I do to increase my income, think about your skill set.

If it was good enough to make your employer hire you, the. It’s good enough as a side hustle on Freelance.

Get a Second Job

If you current job permits, you should also get a second job. In most African countries, especially Nigeria, it might be tough to be employed in 2 separate jobs. But that doesn’t totally makes it impossible.

Think of another job you can add to your current job. Some jobs might hire you to work from home. So, look for such opportunities as a second job.

Get a Promotion

Ask for a promotion on your current job. Promotion usually comes with a raise. That’s an increase in your income from your old salary. However, you may not get a promotion because you asked for it.

Look out for what is important to your organization that would earn you a promotion. Then channel your efforts towards achieving it for your organization. That would earn you a promotion even if you are not yet due for promotion.

Get a Better Paid Job

Another way you can make more money to increase your income is by getting a better paid job. There are always jobs that pay better than your current employment. Review your skill set and opportunities that provides you with higher pay.

Also, identify organizations that pay more for your skill set. Make out a plan to get employed by anyone of these organizations based on your valued skills. Send in your proposal outlining how you can best serve the company better.

Don’t forget to mention the problems you have identified your role as a team member would bring to the company. Do your research well. If it’s a big organization most of what you need are already in the news or common knowledge.

Invest in Dividend Stocks

Take this option with open arms. Even if you didn’t explore any other option here, don’t miss this one. However, you need to invest wisely when dealing with dividend stocks. It’s important you use the services of a stock analyst.

Investing in stock is equally risky. But investing wisely could make you more money and increase your income.

Start an Online Business

There are many online businesses that you can start while still employed in a 9 to 5 job. This one is easy. All you need is to identify an online business you will like to start. Learn more about it online, including how to set it up, the operating procedures before launching such online business.

WebSiteSetup listed on their blog 27 “Easy to Start” Online Business Ideas. You can read the full list and pick the right online business ideas that suits you.

Start a YouTube Channel

Starting a YouTube channel is one way to make more money. You can manage your channel on your free time, after your day job. And your channel can be about anything that’s interesting to you and your target audience.

You may need to setup a brief studio in your home or just post amateur videos. It all depends on your audience.

Follow this tips to start a YouTube channel:

  1. What’s Your Content Idea?
  2. What Equipment do you need?
  3. What’s your Inspiration?
  4. What Editing Software do you need?
  5. How do you Optimize Your Videos to rank on YouTube search algorithm?
  6. Start Building and promoting Your Network.



Become a Freelancer

Freelancing gives you the power of self employment without quitting your main job. There are great ways to become a freelancer today without it interfering with your job. Online freelancer platforms about where you can offer your skills.

10 Best Freelance Websites:

  • Toptal
  • SimplyHired
  • Upwork
  • Freelancer
  • Fiverr
  • Craigslist
  • Guru
  • PeoplePerHour
  • iFreelance
  • 99Designs

How to Decrease Expenses

While it’s okay to learn about ways you can increase your income while you are still employed in a 9 to 5 job, it’s equally important you decrease your expenses as well. Your dream of making more money will be greatly boosted if you decrease your expenses.

So, we are going to look for ways you can decrease your expenses to help you have more money you can either save or invest into ways to increase your income.

Spend Less Money

This one is simple but may seem ambiguous. But having a conscious plan to spend Less money is really how it all starts. It will open you up to the things that usually cost you more but needs to be cut down or off from your list of needs.

Also, this list might be longer. The only way to handle this properly is to categorize your expenses and prioritize them, before identifying those expenses to cut off or cut down.

Eat Out Less Often

This one might be a major challenge for someone who doesn’t even eat much at all. So, there may not be something they think can be cut here. Apart from cutting cost of your eating preference, you can also look at food waste.

Those who don’t eat much, may also be wasting much. So look at how to cut either from eating or wasting it.

Learn to Shop Smarter

Shopping is another way you spend so much without realizing it. Consciously look into your shopping and think of ways to shop better and smarter. You may need to avoid impromptu shopping that happens when ever you got some money.

And always make a list of what you need before going for shopping.

Switch Providers

Most times, your service provider could be charging you more from what the competitors are willing to give you for less. Another point is when you are paying for services that you don’t really make good use of. The offer may be bogus but check if you are really using all that’s offered.

If not, it’s time to cut or switch to a cost effective option with offering that you are more likely to need.

Use Discount Coupons

These days most shopping malls and online stores give away discount coupons to make you shop with them. Always look out for coupons that help you save cost on your shopping and utilize them.

Buy Less Material Objects

Most women can relate with this one. The most annoying trend now is the aseobi trend. Most ladies are pressured to buy uniforms for weddings and traditional marriages of their friends and family.

In a month the number of aseobi’s in your wardrobe grows into huge expenses. And most you don’t reuse them again. Spend Less on these material objects. You can buy popular aseobi color of high designs and make them into outfits for occasion.

Eat Home Cook Meals

This is not like a healthy meal advise. No! The idea is to save you cost of eating out regularly. The cost of making home meals is cheaper than paying for your meals from the restaurant.


In summary, there’s only one sure way to have more money as a paid worker. And that’s to decrease your expenses as a percentage of your income. While you can start a side hustle or even a business, they are not guaranteed to succeed or save you from spending more. And they might take a while before you start seeing significant improvement.

But having to cut on your expenses will help you have more money instantly. However, you should be careful with cutting expenses so as to cut only what needs cutting.

Chinedu David
About The Author: Chinedu David An inspiring writer with several years of experience in journalism, consulting and training. Worked with Success Digest magazine for over a decade. Founded MyStore - an online store in 2013. Trained several startup entrepreneurs in telecom sector, LPG (oil & gas), and on Cryptocurrency investment. A born again christian, who's committed to spreading the gospel of Jesus Christ with passion. Drop a comment below and he will respond to your query. He can also be reached via email: or Call/Text/WhatsApp: 07087770518
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