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How to earn more money: Three ways to boost your income
Your income is also influenced by how well you market yourself. Your employer wants to pay as little as possible for your work while your goal is to be paid what you're worth. To bridge the gap, a smart person will negotiate his salary.
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SIMILAR ARTICLES & IDEAS:
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Key Ideas
"Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth."
Most jobs are purely money generation, and have little to do with wealth. Generating wealth is an entire different ball game than earning money, which you can easily do by learning a few in-demand skills, and taking up a job or freelance work.
If you desire to earn money, and not create wealth, a consulting or a freelance job earns more than a regular job, provided your skills are valuable enough to get full time work.
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Key Ideas
Every job has a market value.
Compare what you’re currently being paid to the trends you find.
Consider your education, years of experience, years you’ve worked for your current employer and any specialized skills or attributes you bring to the table.
Make a list of your accomplishments, taking note of which ones added the most value to the organization
Identify a salary range or percentage increase in pay that you’d be happy with.
Meet in person and in private.
You should approach asking for a raise with the same level of seriousness you would have for a job interview or an important presentation, and you should dress accordingly.
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Key Ideas
Handling difficult situations requires taking appropriate measures. When one has issues with the money, there are only two possible scenarios: cutting back on expenses or growing your income.
When faced with a challenging situation, as in not having enough money, try to ask yourself which one of the following two you cherish more: time or money.
Depending on the answer, you will be able to make the appropriate decision: whether to take on a side hustle or cut back on your expenses.