Saving Extra Money

When it comes to saving extra money, I remember a conversation I had with my boss. He taught me that there are 2 ways to do that:
1. To cut down your expenses
2. To increase your income
Common sense, isn't it?

Option #1, you can do that by budgeting, living within your means, cutting down the unnecessary spendings. But there's a limit on how much you can cut in the end. You can't keep cutting down the expenses and expect the money in the banks will grow exponentially. You can't keep sacrificing your lifestyle just because you want to save more. If you need $1k to leave comfortably, with inflation that never ends, you can expect your $1k will become $2k in times to come.

Hence, Option #2, is definitely limitless. The more you increase your income, the more you are able to save and the more you are able to spend. The trick is, how do you increase your income? Are you going to take on more jobs? Are you going to start up your own business? Are you going to invest? Are you going to freelance by doing something you are skillful in? The choices are limitless.

In this journey of life I am still walking on, I am still figuring things out for Option #2. What will you do, besides looking for job and asking for pay raise, should you want to increase your income? I am still wondering. The first step is always the most difficult but once the momentum kicks in, it should get easier like most things.

Feel free to share if you have any interesting suggestions. :)