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How to Increase Your Income

The median household personal income for the US is 48k It’s easy to focus on saving more, spending less, and shopping for deals/coupons in order to get ahead financially, but let’s not forget about the strategy that blows all that out of the water and that’s massively increasing your income. Now- of course, if you […]

The median household personal income for the US is 48k

It’s easy to focus on saving more, spending less, and shopping for deals/coupons in order to get ahead financially, but let’s not forget about the strategy that blows all that out of the water and that’s massively increasing your income. Now- of course, if you never learn to live within your means, then you will constantly struggle financially regardless of how much you make.

In today’s video, I will give you my blueprint for getting your income to at least 6 figures.

First- assess where you are now. Take a closer look at your current income, then compare that to what others in your field are making. I love using Glassdoor to dig into salary info. 

Second- reflect on your feelings about your work, what you do, how it makes you feel, and your overall love for your work.

Third- take a look at what your income potential is doing what you’re doing. Look at the path ahead- either considering your managers or other levels in your work and see if they are making what you’d like to make. When you think about this too- I encourage you to consider big income increases. If your manager makes 10k or 20k more than you, that’s not going to make a drastic improvement to the quality of your life, but if they make 50k or 100k more then ok yes.

Then see if you even like the options ahead of you. If having your manager’s job or other level coworker’s positions makes you cringe, then it’s probably best to consider switching jobs altogether.

Next, Google “best jobs making over 100k”. Consider the work they do and find one that resonates with you.

Look at the skill set required to get there whether considering a new career path or looking ahead in your current field. Realize the time will pass if you take action on this or not. Start taking steps to go down that path if you envision a better future if you make changes. 

Find a second job temporarily if needed as you work on increasing your skillset for another job. 

These are the exact steps I used to get me up to a 6 figure income while I was working in corporate America, so I know it is possible to get to a good income if you follow the steps intentionally.

https://www.bls.gov/news.release/pdf/wkyeng.pdf

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