How to Make More Money Year on Year | Get Financial Freedom Tips | Transform Your Financial Future


Monday, May 21, 2018

How to Make More Money Year on Year

If your career is the right one for you and you’re making strides in the right direction, your income should increase year on year. Just because that’s the way you want things to play out though, that doesn't mean they will. There are lots of factors and hurdles that can get in your way when you’re trying to continually drive up your income. If this is something that you’re currently struggling with, here’s how to get things back on track.

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Get on Good Terms With Those in Powerful Positions

If you’re on generally good and friendly terms with the people who are powerful in your current business or place of work, you will find it much easier to climb the ladder. People are always willing to give rises and new opportunities to the faces they know and the people they like and get along with ahead of others. So don’t assume your work alone will get you through, even if it should.

Value Your Time

You need to understand how much your time is worth and how much you should be charging for it if you want to go on earning more money each year. This might mean moving to another company and working there if you feel like the pay scale at your current company isn't valuing your time and work correctly. Find out if you could earn more elsewhere before making any big changes though.

Fill Gaps in Your Knowledge

It might be the case that some of the most glaring gaps in your knowledge are holding you back and stopping you from earning more each year. It could be about time to fill those gaps in your knowledge so that you can move forward and get paid what you feel you deserve. An online masters in marketing or another relevant subject could be what you need. So it’s something to look into.

Sell Your Knowledge as a Consultant

If you have lots of experience working in one particular job or sector, what’s stopping you from branching out and selling your knowledge directly to companies. It could be a way for you to escape regular 9 to 5 financial constraints and allow you to set your own rates and work your own hours. In the long-term, the earning potential in this kind of work could be huge for you.

Be Creative and Look for New Opportunities

Being creative means going places that other colleagues don’t want to or don’t know how to. It means coming up with ideas that even your superiors wouldn't have thought of. If you’re daring enough to be creative, it’ll stand out in the office. By the same measure, you should be creative and brave when seeking earning opportunities outside of your regular job too. 

There’s no reason why you can’t make more money next year than you end up making this year. It might sound too good to be true, but plenty of other people manage exactly that so why shouldn't you? It’s not a pipedream, so stop viewing it as such. Take the steps mentioned here and you’ll be on the right lines in no time.

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