Can you hear the triumphant fanfare? We’ve reached the end!
You are now reading the final letter in my “Make Money” series, and next week, we’ll conclude the entire Personal Finance Series.
But let’s focus on today.
Why Focus on Earning More Money?
Discussing ways to make money can often come off as cliché or spammy, but it’s a crucial subject worth addressing.
As I emphasized before, if you find yourself unable to save any further, shifting your focus to generating more income is essential. However, through your feedback and reflections, I discovered an even deeper reason for this focus: the potential it creates.
When you start exploring different avenues for income, it encourages you to pose meaningful questions such as:
- What skills do I possess?
- How can I add value to others?
- What activities would I find fulfilling?
The beauty of these questions is that each has multiple possible answers. For instance:
- If writing is your strength, you could launch a blog, author a book, or contribute to media outlets.
- You might add value by selling a product you believe in, starting an entertaining YouTube channel, or addressing a common problem.
- Perhaps you dream of a career that involves travel or engaging with people.
These reflective questions pave the way for accomplishing your aspirations.
Struggling to publish your writing? Now you know what skills to acquire!
Interested in a job but lacking qualifications? Here’s your roadmap for growth!
This journey of self-discovery and improvement is exhilarating. After all, humans thrive on progress.
Stagnation leads to boredom, while decline fosters sadness. Conversely, growth brings joy!
In summary, seeking ways to boost your income inspires you to ask questions that open up new possibilities, driving personal development. This invigorating process adds variety to your life and contributes to your happiness.
That’s why the topic of making money is so vital.
How to Increase Your Earnings
Now, let’s summarize the strategies we’ve explored over the past few weeks:
- Understand the Two Income Models:
- Salaried Work: This involves applying for jobs. Crafting a compelling resume and cover letter is crucial, but differentiating yourself from the crowd is equally important.
- Nonsalaried Work: This model relies on self-employment, often through real estate or entrepreneurial ventures. Many are now leveraging the low-cost, high-potential world of app development, hoping to build startups.
- Startups: Starting a business can be challenging. While it requires a solid product and possibly a co-founder, the rewards can be significant.
- Overcoming Fears: Concerned about potential pitfalls? Utilize ABZ Planning to prepare for various outcomes.
- Questioning Norms: Don’t feel constrained by conventional expectations such as needing a degree or passion—challenge those beliefs.
And that’s all for now!
Thank you for following my letters. I hope you found the information valuable.
See you next week (you can follow the series for updates).
Take care,
R
P.S. Thanks for reading! If you enjoyed this, try tapping the applaud emoji 👏 as many times as you can in 5 seconds—great exercise for your fingers and helps others discover this article! Also, feel free to follow me on Twitter at @richardreeze for more insights.
📚 If you love books, you might enjoy checking out my latest passion project: Most Recommended Books.📚
As always, this is a gentle reminder: while my advice is given with good intent, it’s crucial to read my disclaimer before taking any actions based on this content.
Let me know if you need any further adjustments or information!