Do you know how to make money? Could you do better?
Here are five tips to make more money:
1 – Earn more. Here’s how: Go beyond basic expertise in your field. Do all work to the best of your abilities. Deliver more than expected. Treat others with respect. Follow through. Be the kind of person people like to be around. Practicing these habits will position you for more money.
2 - Mix Passion and Purpose. Passion and purpose are critical ingredients. Not all jobs will align with your passion or purpose. Find one that will. Work a job that doesn’t until you’re able to make the switch. Keep passion and purpose a goal. As they say, “the money will follow”.
3 – Financial education. Make it a priority. It’s not what you make, it’s what you keep. An increase in money won’t matter unless you’re already practicing sound money management. Some good financial habits: saving or investing 10% of your take-home pay, living below your means, and paying off credit card debt. Here are six bad habits to quit immediately!
4 – Expand your skills. New skills keep your mind sharp. They also provide a competitive advantage in the marketplace. Plus, the more you know about a variety of topics the more you can relate to others. That directly plays into #1, “be the kind of person others like to be around”. Expand your experiences.
5 – Check your attitude. It’s really easy to complain. It’s more fruitful to look on the bright side. You attract more money-making possibilities when your mind is open and your attitude is good. Believe in your ability to control and grow your finances — and you will.
April 17th, 2008 at 6:52 pm
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January 17th, 2009 at 3:40 pm
This is all sound info. I am practicing now many of the ideas you have here. In 2005 I had over $240,000 in the bank and a new house and new car. Most of the money was invested in real estate and the economy starting diving directly afterward.
My monthly expenses were over $8000 and the equity was dropping and I had loans that were fixed for two years so the interest was high. Plus, I had 100% financing (1st and 2nd mortgages).
Needless to say, I am now basically broke, renting a room in a house with my girlfriend and looked for a job for awhile but I am living in Las Vegas and now it's impossible to find a job for someone who hasn't worked a real job in years.
Bottom line is I am working on a dozen or more online marketing ideas to bump my income. Some work, some don't, but I am living below my means and sacrificing a lot of freedom to put my nose to the grindstone and make something happen.
One major thing that people should look into is social marketing, lead generation programs and pay-per-click advertising. Google adsense seems to pay more and faster than most anything you can get started but its a lot of work. That being said, lead generation programs that are low cost or “free” are doing well because there are a lot of people in this boat who have little or no alternative but to try and find extra income online.
January 20th, 2009 at 3:41 am
These fundamental rules are known for everyone,
But it should be in our mind alive for ever.
Its not one day procedure that once implementation is enough for rest of life
It’s all about practice in our day-to-day life.
Thanks for remembering these steps.
Thank you