Prepare to Make More Money: Here’s How
If you have a feeling that you were meant to live a life of luxury and the life you’re living right now just doesn’t match up to that expectation, you should do something about it. Putting all of your hopes on winning the lottery or praying that real Nigerian prince will email you with an offer that you can’t refuse is rarely the most proactive way to go about it.
If you want to change your life, you’re well within your power to do so. All you need to do is make a real decision to change. You can’t be uncertain, and you can’t be wishy washy about it. Once you’ve made that decision you can come up with a plan and start taking steps to bring more money into your life.
Below we’ll talk about how you can prepare to make more money:
- Work On Changing Your Mindset Consistently
Before you take any actions towards physically making more money, such as starting a side hustle or doing something else, it’s a good idea to work on your mindset to ensure you’re in the right frame of mind to make that cash. People who are in the wrong frame of mind will often end up making money and then losing it all, or feeling unable to keep it in some other way. The human mind is a very powerful thing, so if you don’t get it in alignment with your true desires, you’re not going to be able to make the money you want. Here are some pointers that can help you to change your mindset:
- Start reading books, such as ‘Rich Dad, Poor Dad’ and ‘Think And Grow Rich’
- Figure out what your limiting beliefs are around money – these are like your subconscious thoughts that you don’t always realize are running in the background. You tend to pick them up when you’re very young, usually from your parents.
- Figure out what beliefs will serve you rather than hinder you. Write them down, repeat them over and over, and make them your new story.
Make things like affirmations and visualizations your new habit.
- When you catch yourself thinking things like ‘I haven’t got enough’, or falling back into that lack mindset in some other way, stop yourself.
- Staying focused and determined is the key to changing your mindset!
- Figure Out How You Can Grow and Improve
Now you’re working on changing your mindset, it’s time to figure out how you can grow and improve. Somebody with a cheque for a million dollars isn’t going to knock on your door, so chances are, you’re going to need to think about how you can improve yourself. Start by assessing your skills and weaknesses and improve on the things you’re not so good at. Go to courses and workshops. You can even do certain courses online, such as electrical engineering online if that aligns with what you want to do in your day to day life. It’s up to you to become self aware and figure out where you really want to improve.
- Come Up With A Plan
Now it’s time to come up with your plan. Here’s a little secret: nobody gets rich by accident! Decide how much money you want (some people like to come up with a figure and then double it!), what you’ll do with it, and what value you’ll bring to people to get the money. You have to swap value for the money, but that doesn’t always mean you have to work your fingers to the bone. You could be doing something you truly enjoy that comes naturally to you.
Remember, although it’s a good idea to reach for the stars, your plan and the amount you want to make needs to be ‘realistic’ to some degree. It should probably scare you a bit too, but it shouldn’t seem too ‘out there’. You can always change your plan later on once you’ve achieved what you set out to do!
- Look Into Passive Income Streams
Now, you probably have visions of yourself making more money during your day job, whether that’s working for yourself or another person, and that’s great! However, relying on one source of income to become wealthy very rarely works. You should look into passive income streams so that you can make money while you sleep. Things that people use these days include YouTube, blogging, affiliate links, and so on. You could even consider renting out a spare room in your home, renting out your driveway, or using your car to advertise different companies. These things require varying degrees of effort, but they can all help you to make more cash on the side.
- Ask Your Boss For A Raise
If you have a job, why not ask your boss for a raise? In many cases, you don’t ask and you won’t get – just be prepared to present them with a good reason for wanting to give you one.
- Save An Emergency Fund
This will allow you to avoid lines of credit, so you don’t end up having to pay ridiculous amounts of interest back. Generally, financial experts recommend saving anywhere from 6-12 months of living expenses to give you peace of mind.
- Find Ways To Reduce Your Living Expenses
When you want to make more money, you need to realise that it isn’t always about how much you can make if you’re not working on reducing your living expenses as much as possible. Making more money and actually becoming wealthy is often about how much you can avoid spending. Can you reduce your utility bills in some way, perhaps by looking for better deals and then calling your suppliers? Can you shop at a different supermarket, and swap out some brand name items for store branded items? There are all kinds of smart things you can do that will help you to reduce your living expenses.
Are you ready to make more money? Leave your thoughts below!