The ultimate way to make more money is to make more money.
Unfortunately, it’s against the law to print money because that activity is reserved for the Federal Reserve or whatever group in your country is allowed to. So the next piece of advice given to most people is to cut their spending and control expenses.
This popular piece of advice, cutting spending, is the number one reason why you don’t and won’t have money. The way to make more money is to get connected to those that already control money.
The ‘middle class’ and poor spend all their time trying desperately to control expenses. Like an alcoholic or a gambler trying to control some out of control addiction, the compulsion intensifies as you suppress it or try to stop it. Consider that 76% of all Americans live paycheck to paycheck while the popular advice of “saving and controlling spending” is not working.
Your parents told you countless times, “a penny saved is a penny earned,” but the truth is a penny saved is a penny and no matter how many you save, you can’t make enough money to do anything but continue to chase pennies.
The point is that the advice you have been given is bad and doesn’t work. The rich don’t focus on saving money to get rich; instead they connect with large revenue streams, take risks within those streams, and then focus on creating more revenue streams as a result. This is called following the money and it’s your first step to making more money.
If you’re looking to increase your revenue streams, the good news is you can and you should—or maybe you must. There are endless opportunities to increase your income. The reality is most people only wish they could make more money, then give up on the concept and blame the economy, their job, the industry, unions, the government, and ultimately blame those that are successful and figured out how to make money.
The simple steps to making more money are:
- Make a decision to increase your income and commit today.
- Pick your next target increase, and break it down into daily goals.
- Without changing your current skills, make a list of things you could do now to get that much money.
- Make a list of people that need what you have.
- Get the attention of those that need it and put yourself out there.
For example, if you are making $19,000 a year (the poverty line in the US) then you need to figure out how to make another 10% per year. That’s $1,900 per year or $40 per week more (divided by 48 weeks). You don’t need new skills to make another $40 per week; you simply need to go ask anyone for $40. If you are making $50k a year, make your target $5,000 per year or $104 per week—or $17 per day based on a six-day workweek. If you are making $100k a year, your first target should be 20% more or $416 per week. I could make $400 today simply by washing windshields of passing cars at a busy intersection.
Without ever leaving your current job or going back to school, there are lots of ways to create more income if you really want it. There is no shortage of money on this planet, so if you have a money shortage then it is a problem with you, not the availability of money. It has been said many times, “if you took all the money on the planet and divided it up evenly amongst everyone, those who were wealthy before would end up with the majority again over time.”
To help you out with #3 above, here are some ideas:
- Wash windshields at red lights
- Make customer service calls for your current company
- Create leads or referrals for your current company
- Collect outstanding receivables for your company in your off time
- Do social media for a company or personality/brand
- Become a nanny
- Be an Uber driver
- Watch animals for people on vacation
- Clean homes
- Maintain lawns
- Become a telemarketer
- Join affiliate programs
- Write articles for publications
- Sell things you have and don’t use
- Write reviews
- Setup a mystery shop service for company reviews
- Marry a wealthy person
If these ideas don’t fit for you, come up with your own list—but make sure you do this unless you just don’t really want more money.
I have been broke, and I didn’t like it. I made excuses and assigned blame, until one day I realized neither was changing my financial condition for the better. Your money situation will not change until you quit trying to make sense of it.
Make the commitment. Set the new income target. Make a list of what you can do today. Get the attention of those that have money and need what you have to offer. Then go and get it. It’s that simple unless you lack the commitment.
Money won’t make you happy, but neither will being broke or just getting by.
What are some things you would put on YOUR list? Put them in the comments below.