How to increase your income and earn more money

Everybody wants to make more money. Even the richest people in the world are always looking for ways to improve their income.

As you’ve probably heard, money does unfortunately not grow on trees. That means if you want more of it, you need to find a way of making it. You could head off to Vegas and attempt to win it through the spin of a wheel, you could try one of the many “get rich quick” schemes that pop up online from time-to-time but very rarely work, or you could get a handle of your finances by increasing your income.

If you like the sound of that last option, then read on – here is how you can increase your income.

Have a plan

As with most areas of life, its easier to make money if you are a plan. Each Monday, think of a target for what you want to achieve by the end of the week and write down a set of steps for each day to work towards it. By having a clearly defined set of instructions to get you to where you want to be, you will keep on task and feel like you are making progress even on days when it is hard to see that much has occurred.

Prioritize your workload

Have you heard of the 80/20 rule?  The 80/20 rule essentially tells us that 20% of the work we do will be responsible for 80% of the success we have. Identify what it is that makes up your 20% and concentrate on that. By focusing and improving the areas of your work life that supply most of your income, you’ll be maximizing it at the expense of tasks or jobs that don’t deliver the returns that your efforts deserve.

Become a leader

Are you a sheep or a shepherd? The sheep follows what they are told no matter how bad their lot; the shepherd leads, makes decisions and is in control of their destiny. If you are a sheep, chances are you’ll bemoan being low paid or unhappy in your job but still go along with it. By becoming a leader, you take charge of your destination – rather than complaining about your salary, go out there and find out if you should be earning more via a website like Highersalary.Com. Taking control of your destiny means taking control of your money-making potential.

Don’t be afraid to admit failure or walk away

There is a principle in psychology called ‘justification of effort’ which suggests that we are overly committed to projects we’ve invested time and effort in, even if we can see they aren’t working. Don’t be afraid to say something isn’t working and don’t be afraid to walk away from it. Sure, your ego might be bruised for a few weeks but in the long run, you’ll be redirecting your time and energies into a project that will make money, in turn increasing your income. There’s no better way for wiping egg off face than with a big, fat pay cheque.