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How To Increase Your Income

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

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