Learn how to grow your income.
Saving will only get you so far.
Saving will only get you so far.
Any strong financial foundation starts with income. The Wall Street Journal says, peak happiness is at $75,000 in yearly income so your goal should be to get there and beyond that is just icing. That said, more money definitely isn’t a bad thing.
There is a big difference between what is needed and what is possible. This site is dedicated towards discovering what is possible. It's normal to make excuses like you "make enough" or be concerned with "being greedy". It's actually the first roadblock all successful people need to confront. The question is, will you let insecurity and fear stop you before you've even gotten started?
Let's discover what you're capable of.
Overworked and under-paid? Join the club. It's just not a club that we're a part of. You're leaving money on the table and it's your duty to capture it. Would you heat your home with the windows open in the middle of winter? You should feel the same way about spending 40+ hours a week at only 70% of what you're worth.
We're always worried about our own situation. Well guess what, everyone else is worried about themselves too - you're not special. Is it so hard to believe that how much you're getting paid is the furthest thing from your bosses mind? A big part of your job is making sure it is on the top of their mind. Negotiation is the name of the game.
Just because you could be making more doesn't mean flair is your thing. Sometimes the best way to win is to change teams. Of course, everything about job hunting sucks. That's why we've created an obsessive amount of resources around all things job hunting. You'll even get to hear from my Dad - an expert on job hunting.
That's a quote from our buddy Warren and we couldn't agree more. Seriously though, you'll stay up at night worrying about how diversified your investments are but you're still stuck on a single source of income. Stop worrying and remove your single point of failure!
The average Netflix subscriber watches 1.8 hours of content a day and that number is much higher if you have cable. That's at least 54 hours a month! Now, imagine if you took only 1/3rd of that time and spent it creating, instead of consuming. In a few years you could have a passive income stream that rivals your full time gig!
Maybe building isn't your thing, that's fine. Laura, my wife, loves thrift shopping and recently joined Poshmark. In under two months she's profited over $500 in her spare time by what we affectionally call clothing arbitrage. Earning on the side is fun, increases your level of income security and grows your confidence. Not to mention there are a ton of tax incentives for Small Business Owners.
Don't just listen to Millionaire Success Stories - start creating your own!
"The best investment on Earth is Earth." - Louis Glickman
Everyone needs a place to live whether they have a job or not. If you're willing to put in the work, Real Estate investing can easily be one of the most profitable uses of your time. This is one of the first things you'll learn in the popular book Tax-Free Wealth.
In fact, one of the first things you'll learn is that a major benefit of Real Estate investing are the massive tax incentives that go with it. For people with a high income it's a must to invest in some form of rental property.
To say we're obsessed with managing money would be an understatement. We've created hundreds of articles and podcast episodes to share what we've learned. They range from the core concepts of making more money to the sticky details like negotiating for a raise at work.
We encourage you to subscribe to our podcast and listen to our episodes in order. If you're looking to dive deep on growing your income than these playlists are exactly what you're looking for:
Even though the most difficult part of becoming a millionaire is getting started, that dream of becoming financially successful is not out of reach.
There is a big misconception that you need to "wait for the right idea" before you start. You have a bunch of ideas but you don't have the one yet. Who starts a business without a killer idea anyway? Wealthy people do, that's who.
Who doesn’t want to make a few extra bucks? That extra money can be put toward paying down your debt, give you a little more to invest or save for big goals.