Having a job is not a sure shot way to build wealth, it is a great way to make money but is not the only way. What differentiates a wealthy and a not so wealthy person is that a wealthy person earns interest while a not so wealthy person only pays interest to the various loans accrued. There are various ways to earn money and make it work for you and is a great tool to achieve all the dreams. Listed below are a few things to do to make your hard earned cash work for you.

Budget: Having a budget is the most important way to handle your money and use it the way you want to. A budget will help you analyze where you are spending and thus enabling you to control it. It is also considered a great tool to build and maximize your wealth and achieve your financial goals. Create, follow, track and make changes to your budget so that you earn more than you spend and also prioritize your expenditure.

Clear debt: The best mantra to get rich is to get out of the debt trap as you spend a lot of money on repaying the loan amount and the interest. If you have some money saved up, clear the debt and ensure that you never get into one of them. If you consider the monthly payment you are making for all the various loans and assume that had put that money into your retirement savings, imagine how much you could save and all that you could do with it. Being in debt reduces your choices and becomes a great burden.

Invest your money: Saving a little every month after clearing the debt will eventually lead to the money earning more money. But ensure you do after you set up an emergency fund. Once a considerable amount of money is set aside for an emergency, start investing the rest so that it grows effectively.
The different investment options are
Savings Account in the Bank: Invest money in a savings account which gives you interest. Though the interest rates for money in a savings account is low and thus does not grow quickly, yet it is a safe option.
CDs: These are also called the money market accounts. These offer better interest rates and thus grow faster than saving account deposits. The interest rates change over time and different banks offer different rates, so do the due diligence while investing.
Bonds: Bonds have a higher rate of interest when compared to a bank savings account but is also a little risky.
Stocks: These offer great returns but is dependent on the market conditions and thus carries risk.
Real-estate: It is another great way to make money earn for you. Buying a home through a mortgage can build equity and also sees a value appreciation over time. Over the past 20 years the value of homes has increased by 4% annually, but if inflation is considered, it is about 1% increase. A home can be thought of as a place to live rather than a way to wealth.

It is a smart thought to make money work for you instead of doing all the work on your own. Identify the legal ways in which you can make money work, do the initial bit & relax!