I’m looking out for more opportunities to increase my income and it’s not a bad idea, I think. And I guess many people, probably you, too will be incredibly excited for same opportunities to earn more, higher income. Well, as Chris Bogan the American author, journalist and marketing consultant puts it, “The goal isn’t making more money. The goal is living life on your terms.”
Here’s something I found useful on my journey to living on my terms. You should try these seven ways to increase your income too, and see yours begin to rise the way you desire it to be. It’s no magic, but the miracle of it is the time-tested values and principles you learn and practice.
Make a plan
Decide how much you want to make and make a plan towards achieving that target. Develop your income generation action plan. It’s necessary to have a plan, for that plan will help you to focus your time resources to achieve the high income you desire. Without it, you may lose your focus easily and fail.
Organise Your Day Around Your Core Projects and Avenues for Success
Identify those sources of income that are proven to work for you and focus your energy on those sources only. Are there any projects with a good probability of paying off big time that you have the skills and resources to pursue? If yes, devote a good amount of your time and energy, every day, on those projects only.
You Should Try Something New
Don’t waste your time on a job or project that is not taking you anywhere. And don’t be afraid to walk away from a project you’ve committed a great deal of your time to but that isn’t paying off. Know when you cut your losses and move on to something new.
Just Say “No.”
Your time is the most valuable resource you have: overextending yourself will drain it and lead to increased stress and less opportunity to pursue exciting opportunities. Taking on too many projects than you can normally manage will stress you out and cause you to experience frequent burnouts.
Competing demands on your time may, also, come from family and friends, and other social obligations. Learning to say “No” to tasks and requests that don’t contribute to increasing your income is the right thing for you to do. Carl Sandburg says about time: “Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you.” Similarly, you have to walk away from opportunities and projects that you see are less likely to pay off in ways you think appropriate when you consider all the investment of time they require.
Surround Yourself with Success
The notion of “Fake it until you make it” seems to be logically sound somehow, and there’s truth in the Bible’s admonition (in Mark 11:24) that “Whatever you ask for in prayer, believe that you have received it, and it will be yours.” A great way to achieve financial success is to act like you already have, it seems. In that sense, if you spend your time hanging out with successful people in places where money tends to concentrate itself, you will stumble into more opportunities to achieve success yourself. Do you see that?
Be the First
The ability to recognise an opportunity before anyone else in business is a proven key to success in business. The principle is condensed in the popular maxim attributed to the American Civil War General Nathan Bedford Forrest, “get there firstest with the mostest” (and you’ll prevail). You should always be on the lookout for the next great path to success, and never stop engaging with the world in creative ways.
Understand Time versus Replication
There will still only be 24 hours in a day for everybody, no matter who you are or how much money you make. For that reason, you should focus your energy on sources of high income, and those that you can easily reproduce. Replicate your successful procedures, processes and projects as fast and many times as possible to bring in the most money.