I have a lot of fat on the sides of my belly above my waist, and keeps increasing the more I eat.
Question: What's the best way to reduce the fat here, though I do have fat in the belly and chest areas, but the side belly fat is putting me off.. :)
While the popular notion is that spot reduction is a myth, there are plenty of popular notions that are wrong, so it might still be worth exploring.
Bud Jeffries has an article on using isometrics for spot reduction. I'd say it's worth a shot, as isometric exercises make a lot of sense for the core and even if it doesn't work out you end up a lot stronger.
On the other hand, unless there's a particular reason why you want to keep your belly and chest fat, you might as well go for getting rid of it all.
I agree with others who have commented that you have to target fat loss all over. While exercise can be somewhat helpful, fat loss is probably 90% diet so you should focus your effort there. Many have had success with relative ease using Tim Ferriss's Slow Carb Diet so I would recommend that you give you that a try.