Ever wonder why, no matter how hard you try to save, the money pile just doesn’t grow as you’d like? You’re not alone. The grim reality is that after taxes, basic living costs, setting something aside for retirement, and of course, the occasional treat-your-self moments (because, let’s be honest, everyone needs a little pick-me-up), the savings figure still falls short for most.
Here’s the simple truth: if you want to save more, you’ve got to earn more. It’s basic math. Saving 10% of a $100k yearly take-home gets you $10k. But on a $200k salary? That’s a cool $20k. And while you could attempt to stash away 20% of that $100k, external factors like inflation might have other plans for you. So, rather than sweating the uncontrollable, why not zero in on the one thing you can influence: your income.
Dreaming of a raise from your current gig? That’s one route. But here’s the kicker: companies aim to keep expenses lean for bigger profit margins. So, to truly boost your earnings, you’ve got to grab the reins.
Dive into what sparks joy for you. Unearth those goldmines by following these steps:
- Investigate lucrative paths in areas you’re drawn to (podcasts, expert interviews, and market trends are your pals here).
- Lay down a game plan – list your ideas, sketch out the roadmap, identify resources, and lock in timeframes.
- Keep it grounded. Remember, you can’t always swing market forces.
- Be ready to pivot. Embrace the journey of trying, tweaking, and tailoring your approach until it fits.
Hungry to unlock the next stages?
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