Making Progress Towards Earning More
When you arrive at this point in your financial freedom journey, you will have gone through the “buckle down” process and lived frugally. You will have worked hard to pay off everything you owe – and you’ll enjoy looking at the small savings adding up to secure your future.
But there’s more to it than stopping there. Financial freedom means having an abundance of cash flowing in – enough that if you want to make large donations to charity, you can. Enough that if you want to splurge on a big-ticket item, you don’t even have to hesitate!
You need to earn more money so that you have more to save and spend.
How can you do that? There are a few options – pick one – or even better – pick them all!
Ask for a Raise
If you work at a job for someone else, make a plan to get a raise in your position – or to increase your skillset so that you can go for a better job. It’s never too later to formulate a plan for a better salary.
Find Things to Sell
Many men and women make a full or part-time living selling things on eBay. Others provide services locally, like tutoring, handyman tasks, and more. Look at your talents and then see if there’s a local or global market for them.
Make Money Online
Aside from eBay, there are other ways you can make money online. You can write books (fiction or nonfiction) for Amazon Kindle, for example. This is a no cost solution to wealth building and even debt payoffs.
You can provide services online that people will pay for, such as ghostwriting, website building, graphics, and even virtual assistant services. Find sites like Upwork where freelancers go and build a dedicated list of clients.
Rewarding Yourself with Wise Spending Decisions
After you’ve begun truly wealth building – debt paid off, savings built, and earnings on the upswing – you can really start enjoying the fruits of your labor. This is what life’s all about.
But don’t fall back on haphazard spending decisions. Remember to always get the best deal. If you buy a car – pay cash – and make the dealerships fight for your business with a competitive offer.
Getting free from your financial woes may feel like it’s a lifetime away. But remember that you didn’t get here overnight. Don’t beat yourself up over how you got here.
Forgive yourself and be proud of the fact that you’re doing what most people will never do – look to see where you went wrong, fix it, and alter your behavior so that you’re doing what’s right – not just what feels good at that very moment.
You might want to keep a diary of your journey so that you can look back some day and see how far you’ve grown – not just in the matter of money, but in maturity with how you handle your finances.