Create more money for yourself

Know the difference between assets and liabilities.
Assets are things that regularly put money in your pocket, while liabilities take money out. You may think a house is an asset, but if you’re not making rental income from it but instead paying a mortgage and other expenses, it’s a liability to you. So are your car, phone, computer, and other items people would call assets just because they own them.

Convert your liabilities to assets.
Once you’ve learned the difference between them, look to convert some of the things that cost you money to things that make you money. For example, you could rent out a portion of your house, say the basement, to earn enough rental income to cover your bills and put some money in your pocket. You could also use your car to make deliveries and earn money to cover your gas bills and more.

Generate passive income.
Keep your eyes and ears open for ways you and your friends can start a business. It might eventually turn into something that produces passive income. Once you have money from your business, try to buy stocks and bonds that’ll grow in value and become income-producing assets.