- - 8 Ways You Can Get Richer Today

Cara Danielle BrownJanuary 13, 2026 at 9:00 AM

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Sergey Nazarov / iStock.com

Want to rack up extra cash? Believe it or not, getting rich typically doesn’t come from standalone events like striking gold, but from small, consistent actions performed over time.

While you won’t make $1 million overnight, here are eight ways you can become richer than you were yesterday.

Rent Underused Spaces

According to Ryan Barone, CEO and co-founder at RentRedi, renting out underused spaces in and around your home can be lucrative. While most income will come from renting extra bedrooms, accessory dwelling units (ADUs) or converted basements, Barone offered suggestions for those not quite looking for a roommate: “Renting out spaces like garages and driveways for parking, attics and basements for storage or expansive yards for events or photoshoots can also generate a decent amount of extra income.”

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Review Subscriptions

Sometimes the best way to put more money in your pocket is simply by cutting existing costs. Lead attorney at Zdrilich Injury Law, Joe Zdrilic, advised reviewing subscription services to ensure you are actually still using all of them. Remember that free DashPass trial you signed up for last year? It may have turned into a paid monthly service you don’t need but forgot to cancel. Zdrilich stated he reviews his subscriptions in the same way he reviews his discovery documents — “line by line, asking myself whether each charge still serves a purpose.”

Negotiate a Raise

Nothing helps you get richer like earning more money. Yet, waiting for other people to notice you are deserving of that money means you may be waiting a while. In fact, many employers expect employees to initiate salary discussions (and not the other way around). So, when it comes to commanding a higher salary, get proactive. Zdrilich advised setting biannual reminders to assess your workload, contributions and ongoing accomplishments. Then make appointments with the higher-ups in order to state your case.

Set Up a High-Yield Savings Account

If your money is sitting in a regular bank account earning a measly 0.01%, you’re losing money to inflation. That’s why Taylor Price, founder at Priceless Tay, recommended setting up a high-yield savings account so your money can earn 4%-5% annual interest. “On $5,000, that’s an extra $200 a year for doing literally nothing,” Price said.

Set Up Automatic Transfers

Be honest: How many times have you meant to set aside money, but wound up purchasing those new Adidas on Amazon instead? CEO and personal finance expert at Financial Footwork Inc., Hillary Seiler, recommended setting up automatic transfers to your high-yield savings and investment accounts each month. The more money you transfer to these accounts, the more your money grows and compounds over time. Automation clears out mental space so you don’t have to remember to make the transfers yourself. It also prevents you from falling victim to impulse purchases after payday.

Shop Generics

Bobby Ghoshal, CEO at Dupe.com, explained that brand-name products are often made in the same factories as their generic counterparts — it’s the companies purchasing them that decide how much to charge the consumer. The ingredients are often exactly the same. So save money by shopping generics. Then invest the money you save.

Add ‘Fun Money’ to Your Budget

While this one may seem counterintuitive, Price explained that being financially responsible 24/7 can leave individuals feeling deprived which results in overspending — and that can sabotage your budget. So get out ahead of it: Budget for fun and allow yourself some guilt-free purchases. Sometimes you have to “build eating out and splurging into your budget,” stated Price. These small splurges may even feel like a reward for working hard at your job each month — and some positive reinforcement may be just the ticket to encourage you to continue reaching your professional goals.

Increase Your 401(k) Contribution by 1%

If your company offers an employer match, this is an easy way to double your money, explained Price. And because of compound interest, these contributions grow over time — even if you only increase your contribution by 1%. “You won’t feel 1% less in your paycheck, but future you will feel tens of thousands more in retirement,” Price said. “It’s the closest thing to free money that exists.”

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Source: “AOL Money”