Increasing Your Earnings
Today's podcast is on ways to increase your earnings if you don't have at least 10% income to save. For those who have at least 10% left, you can apply what you gain from today's podcast to increase the amount you can save, therefore increase your wealth faster. I will show you how this will help decrease your tax liability therefore increase your tax refund. Increasing your tax refund will then increase the amount you have to move towards building your wealth.
The first step is to dig deep down inside you for your original passion. There's this book called the Alchemist that I recommend everyone to read. It speaks to your original passion and how it gets destroyed from a very young age. Whether it is your parents, or your teachers or society as a whole, they kill those thoughts about becoming what you want to become or doing what you want to do from a very tender age. You're groomed for what they want you to become. In later age, you're taught to be more practical, to accept certain things because of who you are or the socio economic class you're in. Your teachers tell you not to have high expectations. Your parents tell you to be more grounded in what you can afford to do or what you're capable of. Society manipulates you into these self fulfilling prophecies. I say to break out from these shackles.
Go back to your passion as a toddler even. What did you enjoy doing that you were punished for? Did you break a toy taking it a part to explore how it works? Then you're an engineer. Did you play with your parents computer and cause it to lock up? Maybe you’re a computer wiz. Did you cut up your own clothes to make it better? You could be a fashion designer. Did you tinker with tools in the garage to find out what you can do with them? Maybe your passion is construction. These are just examples of what our natural inclinations are from birth. Go back to this and find your passion. Once you do this, figure out how you can start making it happen. If you need to go back to school, then do it. There is money out there for you to go back to school part-time while you work to make ends meet. If you don't need to go to school to pursue your passion, then figure out what you need. Humans are visual so put it down on paper. What do you need? Map it out, make a plan and implement the plan.
Stop looking at the obstacles as a way for you not to make it happen. List the obstacles and find ways to overcome each one. The most common obstacle is finances. How do you make something happen if it takes money that you don't have? What can you do without money that will make the money you need to implement the plan you are passionate about? What can you do? What are your skills? What tools do you have? What are you willing to do? List them. There are ways to earn money if you are willing to do the work. Today's pandemic times is an opportune time to make money delivering things to people if you own a car. If you don't, can you afford to buy a lawnmower and do landscaping? Are you smart, and can tutor students struggling in different subjects? Can you babysit at night? Are you willing to work a part time job to save towards what you need for your passion to become real?
It takes money to make money but sometimes it only takes your willingness to work to make money. And then of course there is credit which if badly used can ruin you but if used properly can help you reach your goal towards your passion and ultimately towards building wealth.