Step 5: Increase Income Copy
Congratulations on making it to step # 5 in “The 7 Step Wealth program”! You are almost there. In this step we will start taking action towards increasing your income. I will teach different life skills as well as techniques to increasing your value in your current job.
What Will We Cover In this Step?
- Abundance vs Lack Mindset
- Learn Valuable Skills
- What is your Relationship with Time?
Step 5: Increase Your Income
How To Increase Your Income?
In step 4 we discussed how to break down your expenses into percentages, it is
time to focus on generating income. When you are on your journey towards financial
freedom, it is critical that all your attention is focused on generating income and not the
lack of income. The first 4 steps of this program were built for you to automate and
keep track of your income and expenses. Therefore, you no longer need to worry about
making ends meet because your debt and expenses are on autopilot. This liberates your
energy to focus on more fun and important areas like generating income. So, let’s get
started on how to increase your income!
In order to understand how to create income you must understand the mindset between lack and abundance. So, let’s start by watching the video below to better understand the difference between Lack and Abundance…
Now, that you understand the difference between Lack and Abundance, it is time to generate some income.
How to Generate More Income?
Shifting your mindset from lack to abundance is half the battle. Now, it is time to place
action behind your thoughts. There are two ways to increase income; first, you can
increase the value in the marketplace that you are currently in, and second, you can
learn a life skill through a part-time job that will eventually become your full-time dream
job. We will explain both ways to generate income in the video below…
What is Your Relationship with Time?
When you make purchasing decisions, are they based on saving time or money? The
goal is to focus on saving time not money. If it saves you both that is great, but time is
gold and that should be your focus.
For example, when purchasing a plane ticket, look for flights that are direct or have the
shortest travel time. Whether wealthy or poor, we all have 24 hours in one day. How is
it that people become wealthy if they have the same amount of time as everyone else?
The answer is time management. Focusing on being efficient with time and not
sacrificing time for money.
Step 5- Increase Income
Action Items:
- Shift your mindset from lack to abundance.
- Work on generating results at work and increasing your value in the
marketplace. - Build your future by mastering a life skill part-time with the goal of
making it your full-time job.
Placing action behind your goals is a major key to success. We have already laid out a list
of some ideas on how you can generate income. Now, it is your turn to sit down and
make it happen!
Placing action behind your goals is a major key to success. We have already laid out a list of some ideas on how you can generate more income. Now, it is your turn to sit down and brainstorm. Set a timer for 5 minutes and aim to come up with 25 new ideas on how you can generate more income. Do not think of how much time or energy it will take, as the goal here is to write down as many ideas as you can think of based on your current resources that you see available.
When you are sitting around your house wondering if you should watch TV or get on social media, think about your future. “Is that activity going to generate me income? Is it a short-term or long-term reward?”. It is okay to relax and take breaks, but just know when to take them and how long to take them for. The key here is to take rest but to rest very little. Do not let the weeds take over the garden. Stay focused on generating income and keep moving forward. Getting to financial freedom is not for everyone, but anyone can do it. It just takes hard work and discipline.
When you are doubting your abilities with thoughts like, “I can’t do that. I don’t have enough money or time,” ask yourself, “What resources do I have available to solve this issue?” Always remember, it is not the lack of resources but the lack of resourcefulness that is the real problem. So, start generating more income by increasing your value; your future is waiting for you!
“The secret to wealth is simple: Find a way to do more for others than anyone else
does. Become more valuable. Do more. Give more.
-Tony Robbins
You have completed this section. Take the quiz below to complete this step and continue to Step 6.