How To Radically Increase Your Income

WHY YOU'RE NOT ACHIEVING YOUR FINANCIAL GOALS AS FAST AS YOU'D LIKE

To some people reading this article, this notion of radically increasing their income might seem somewhat of a pipe dream and may be dismissed as an impossible outcome to achieve.

While I can only assume that the skeptics will continue on with their skepticism, this particular essay is directed at folks who want to achieve more with their personal finances than they ever thought possible.

A word of caution though…

What I’m about to say will likely smash right into your belief systems about money so if you’re unwilling to have an open mind, then please stop reading this article and continue to do as you’ve always done.

Before we move forward though, there is one thing you must accept right now if you truly want to increase your earning ability. It is simply this… You cannot become rich on a fixed income.

Although most pundits in the personal finance space will claim that you can become wealthy by merely saving & investing a few hundred dollars a month, the reality is that these plans end up causing far more damage than they good they intend to provide.

How is this so? Because they force you to focus on the wrong outcome rather than what actually creates wealth, abundance, and prosperity.

When you are on a fixed income, at the end of the month you are forced to divide up and allocate your financial resources based on priority. This constraint naturally gives people a view or context of life and money that is based on scarcity – not abundance.

While this may be a logical conclusion based on this set of financial constraints, it unconsciously leads to thoughts and beliefs such as the dreaded, “We can’t afford that”.

Said another way, money becomes your master and you become its servant.

To overcome these challenges and emotional hurdles, you have to begin thinking new thoughts and taking new actions. Money is just an idea and its quantity will manifest based off of whatever your current beliefs are about it right now.

If “money is the root of all evil”, then your financial results in life will reflect that viewpoint.

In order to accomplish the task of radically increasing your income, you need to understand the core philosophy behind how REAL money is made and relinquish your past prejudices immediately (and yes I mean RIGHT now).

Until you understand WHY some people make more than others, there’s no way you can break free and choose a more lucrative path…

Now this leads up to the question…

How is REAL money made and why do some people earn more than others?

The answer to this question is vast, but at the most foundational level the reason why some people earn more than others is that they simply add more value to more people.

The amount you are earning at this moment is tied directly to the amount of value you are currently adding to the world – plain and simple.

So by acknowledging and adopting this principle, how do you radically increase your personal income? Simple – increase your personal value level (PVL) to the world.

Your PVL is derived from three factors:

1) The number of people who are also capable of performing any particular job.

2) The amount of specialized skills or education needed to perform the job.

3) The number of people around the world that your work benefits.

Once you understand these factors, it’s not hard to see why Bill Gates is one of the richest people in the entire world and at the same token, why servers at restaurants get paid minimum wage.

Think about it…

1) His company Microsoft provides a service that is not easily duplicable – whereas there are virtually no barriers to entry to become a server; thus they are easily replaceable.

2) Microsoft is an operating system that required a high degree of specialized knowledge and technical skills to create – there are few skills required to be a server.

3) Microsoft has expanded around the world and their operating system is still the dominant player on the computer market; thus, they serve many people. Servers can only service a limited number of tables & people in an evening therefore there income is severely limited.

The QUICK & SIMPLE SHORTCUT TO RADICALLY INCREASING YOUR INCOME...

Now that you understand that your income is determined by your PVL, how do you increase your PVL so you can increase your income? Easy – acquire new skills that are highly valuable to either your current employer or society at large.

And what’s the quickest way to determine what skills are highly valuable? Identify a person that is working in your chosen field and is earning the amount of money you desire and ask them what skills they have developed that have enabled them to achieve their level of success.

In a word, what I’m asking you to do is to begin MODELING highly successful people that are doing what you want to do.

Although this should seem fairly obvious, unless you deliberately seek out help & guidance to get this part of your life handled, you will continue to spin your wheels and your financial life will remain in neutral.

I hope this article was helpful to you in showing you how you can radically increase your income.

If you enjoyed this article, please leave me a comment below and let me know what you thought. I’ll be answering questions and reviewing comments personally.

To your abundance,
Michael Stead
Founder, The Abundance Society