There are many ways to increase the amount of money you save each year, including cutting spending and contributing to a 401K. Another great way is to increase the amount of money you earn each year.

How? While your salary might seemed fixed, there are many different ways to boost your yearly earnings. Apply some of these top tips for how to earn more money in order to build your personal wealth and contribute more to your yearly savings.

1. Consider asking for a raise. While this might not be a viable option for all individuals, even a small increase in your hourly pay or yearly salary can make a dramatic difference. But asking for a raise involves much more than just telling your employer that you want more money. You need to make a case for why you deserve a raise. For example, explain how much you have improved sales or productivity during your tenure in your current position.

2. Start your own business. One of the best ways to earn more money is to create an additional income stream with a personal business. While many people dream of setting up a side business, it takes some serious effort, time and creativity to achieve real results. The best way to build a business is to choose something that you are already passionate about. Analyze your competition and strive to meet a need that other businesses cannot.

3. Consider a career change. If you are not earning what you deserve in your current line of work, think about switching to a different career. Look for jobs that are similar to your own, but that offer better pay and benefits. If you need to boost your qualifications or experience, think about taking some classes at a local college or consider taking courses online. Many schools now offer fast-track programs design for working professionals looking to update their skills and earn more money in the workplace.

4. Sell products on eBay. If you have a lot of junk just lying around the house, think about turning it into some fast cash. Ebay is immensely popular with both sellers and buyers, making it easy to build a successful online store. Other options include selling your own handmade products or marketing drop ship items for other retailers.

5. Find a freelance job. Marketing your existing job skills is a great way to earn more money each year. Many businesses are looking for freelance consultants to provide expertise and experience. Utilize your existing professional networks to put the word out that you are accepting clients. Get your own business card and separate business line to conduct business after your day-job ends.

The amount of extra money you earn each year really depends on your goals. As you begin, set a reasonable goal, such as earning an addition $5,000 per year. Chances are, you will meet or even exceed your goals. (Last year, my goal was to earn an extra $10,000 per year; I ended up making an extra $40,000!)