How to Double (or Triple) Your Current Income
Everyone wants to make more money. Being wealthier means that you can spend more time doing what you want to do instead of working. But how do you go about doubling, or tripling, your income? Unfortunately you can’t just snap your fingers and have more money. It takes hard work and a set plan to achieve these goals. Here’s a great way to help you get started:
Why you don’t have as much money as you want right now:
Matt Sapaula was raised by his family to be an educated professional, to get a good job and to be secure in that category for the rest of his life. During his time in the Marine Corps, which he only thinks about fondly, Matt realized that he allowed the bureaucracy to tell him what he was worth. He had to follow the natural progression of time and service. Serving in the Marine Corps taught Matt that he was more than just a military pay scale. Matt wanted more. He wanted more of a lifestyle. He wanted freedom. This experience sparked his desire to make a name for himself and double (actually, triple) his income.
Most jobs trade time for money. You get paid for showing up and working for a certain amount of time. However, how much you get paid is relative to the amount of time that you work. A CEO gets paid more than a secretary. Why is that? Well, your income is limited by the number of hours you work and the amount of value you provide.
How to get more money:
While it’s not something that you can do overnight, the best way to increase your current income is by increasing your value. Learning more, improving your skills, and expanding your network are all great ways to increase your value and eventually make more money.
Education & Training:
One way to increase your value is to get a degree or do extra training. Certain jobs have a pay scale so you can get paid more for doing the same job if you have more education. Going back to school for a degree can result in you getting a promotion or moving to a job that pays more. Having a more advanced or specific degree or skills can only help you, it can never hurt. However, it’s important to recognize that not everyone has the time and money to spend time getting an education or learning a new skill. While this option might not work for everyone, if it is something that you can do it is definitely a great option to consider.
Climb the ranks:
As you move up in a company your pay will increase. But how do you get promoted? The best way to do this is by developing your management and leadership skills. Pay attention to your manager and see how they manage you and your team. See what you like and don’t like about their style to help you develop your own. Do some reading on how to be a good manager. Part of being a good manager is being a great leader, so that is also something important to work on.
Connect to 5 new people every day:
Expanding your network is one of the best ways to change jobs. The more people you know, the more people can help you find a job and even connect to other people. You should try to connect to a community of like minded thinkers, but it’s important to note that it’s always great to try and meet people in multiple different industries. Build up relationships with the people you meet and help them with favors. That way, when the time comes for you to switch your job, they will be ready and willing to help you. Getting to know as many people as possible also ensures that you know exactly who to go to for the job that you want.
Write down 3 new ideas daily:
Challenge yourself and never stop thinking. Thinking of new ideas helps you constantly push yourself and think of things in different ways. You might realize a way do something more efficiently that you do every day- this will increase your value and if it’s for something at work it will put you in a great spot with your superiors. You also might come up with a way to make more money whether it be at work, outside of work, a new business idea or something to invest in! Never stop pushing yourself to think outside of the box. Our world only gets better from people thinking of new ways to do things and creating new inventions. Not only will you be helping yourself but you might be helping the world too!
If you are truly dedicated to doubling or tripling your income then you probably won’t have the full support of your friends and family at first. As I experienced, if you sound weird to your family about wanting to do this then you’re on the right track! You will probably have to have multiple conversations with them about wanting to achieve this goal and the path that you are planning on taking to get there. Support can be purchased. Prove to them that you can do it. Remember, the sooner you start, the sooner you see results!