In the simplest of terms, managing money is about income and expenses. A lot of the personal finance space focuses on minimizing expenses, but there’s a whole other side to the equation: maximizing income. The best thing you can do for yourself is to create a decent-sized gap between your income and your expenses and invest that difference.
Here are my biggest takeaways for the best ways to increase one’s income from our Twitter Space on November 24, 2021. The speakers were: Stephen Wealthy, I Am Coach Clint, Tom the Frugal Gay, Adulting Is Easy, and Brandon from Rinkydoo Finance, and the recording is here.
Negotiating: have the other party throw out the first number
Pick a major that makes good money
Alternative path: stop making other people rich – start your own business
Alternate path: get into sales
Don’t be afraid to get paid for performance
Put yourself in sink or swim situations
Ask more questions than the average person, and only ask them once
Build a team, and then give others credit, but take blame yourself
Be purposeful with your growth and learning
Stack skills: for example, add marketing and software development to writing skills
Be willing to put the hours in
Learn from your mistakes and make changes
We are currently covering a different topic every week at 9:30 pm eastern on Wednesdays, please join us!