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Monday, November 7, 2022


I know it has by far been the longest since I last wrote a post. Countless things have happened during this period of time. My personal and professional plans have not exactly come to fruition just yet. Notwithstanding, I have recently been working towards growing my small teaching business. Even though I have lately yielded a little more profit than usual, it is still far from my financial goal. Thus, today I wanted to share some information on how to maximize our income and be able to have enough money at the end of the month to keep working towards our long-term goals.

These pieces of advice are not set in stone. Nonetheless, they are going to give you an overall guideline on how to become more financially successful and self-aware of how you spend your money.
Step 1: Become more valuable as an employee: If you happen to be part of a team of staff members in a big corporation, it his highly recommended that you constantly be proactive and look for creative ways to be of more help to your employer. Hence, if your boss sees you as a more valuable asset, you can over time request a raise in your job.

Step 2: Move into a company's profit stream: There are three types of jobs in the business world: Technical jobs, operation jobs and revenue generating jobs. 
Technical jobs have positions such as the legal department, the accounting department and the financial department. 
Operational jobs have positions such as customer service and product fulfillment.
Revenue generating jobs have positions such as sales representatives, marketers, copywriters and even managers. This is where you want to be.

Step 3: Become an intrapreneur: This means than an employee within an organization becomes an entrepreneur with the CEO's permission.
For instance, by starting a project that would benefit the company's productivity, income generation, customer satisfaction, etc.

Step 4: Develop a high-income skill: The aforesaid is a skill that will help you be able to generate a large amount of money. This tip is definitely tied to starting your own business. 
Be that as it may, it takes time and dedication to master a skill that will allow you to produce enough income to justify setting up a business.

Step 5: Use your high-income skill to start a side business: You can use the skill set you have developed in order to create a business. Granted you could begin with this step and forget all of the above. Nevertheless, so as to set up a business you need capital. Consequently, working a regular job is the correct avenue in order to earn that money allocated for that undertaking. 

In review, the best way to leverage your income is by becoming an indispensable asset in your line of work. As well saving enough money to run a profitable business. 
This particular YouTuber I gathered information from is obviously not the only one you can take advice from. This is just an example from many available in the web. 

Sources:
- Dan Lok YouTube channel
- Personal Experience.


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