Hey everyone, welcome to another blog from My Journey To The millions! Today's blog, we will talk about growing your income. You have to open your mind to get to the next level financially and you must push past that fear of losing!
If you want to grow your income, you must open your mind on ways to make income. You have to be willing to take risks with your money. You can't looking at your only source of income coming from selling your time. You can only get so far by asking for raises. You can't go spend more than you earn, and you cant be scared to lose all that you've saved. Knowledge is more important than money, so don't be scared to spend time and money on your education. If you know how the process of making a lot of money, you can easily repeat it if you lose all your money. If you have a lot of money though and you lose that, without the knowledge of how to regain it, your lost. That cancels out winning the lottery as a way to grow your income. The person who is to scared to take a chance on an investment, other than a 2 percent guaranteed investment, or a mutual fund will not get ahead but neither will the person who throws their money in an investment without any knowledge on it. One thing I believe is that to get more in life, you must give more in life. I daily donate a portion of my income. I told someone that recently and they thought I was crazy, they said think about how much that is in the long run. Those who fear losing money will not get ahead which is why I give daily. So if you truly do want to grow your income, your going to have to get your financial statement in order. Your going to need to use a portion of your income to power build your asset column with positive cash flowing assets. You can invest in a portion of income towards capital appreciation assets but those don't increase your monthly income. Look for a service you can provide to others part time to grow an extra income on the side. Perhaps a small part time business, whether it be starting in your garage, or on your computer over the internet. Your goal is to slowly increase that income until it reach's or surpass's your income from your job. Once this happens, I would suggest you you quit your day time job and work and growing your cash flowing asset column to the next level. Why do I say that? I've heard people say that if they had $20,000 dollars residual income coming in from investments, they would still work for money to make 200 a day. Why would you go to work and spend your valuable time making $200 a day when you know how to make $20,000 a month without working? What's more likely, you doubling your income from your job to $400 daily, or you repeating the process you have already done to create another $20,000 residual income to total $40,000 monthly income. If you know how to accomplish that first step, and you have more time to focus on doing it over again, how long do you think it will take you to double your passive income? Stop thinking small and picturing 30 dollars as an hour of a time. Think big.
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