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How to double your income in 2024
No BS; only actionable tips.
Seek wealth, not money or status. Wealth is having assets that earn while you sleep.
This is such a controversial topic that even I thought twice before deciding to write on this and I am sure some of you might have had similar thoughts before deciding to open this mail.
However, what’s listed below are either the things which I did last year that worked or things I am planning to do this year. Which I am sure will help anyone reading this.
So here we go!!!
Be clear and Precise: Start with writing down exactly how much money do you want to make this year.
Let’s say you have decided to make 451,529 USD. Now(the interesting part) write 20 things you can do to achieve this goal, maybe you can be better at work, maybe start a small business, maybe invest better, maybe rob a bank, maybe plan a kidnapping. Whatever your answers maybe, by the time you reach to the 20th answer you’ll experience something magical, the possibility of achieving your goal.
Taking this first step, small as it may seem, significantly boosts your chances of achieving your goal.
Level up: Nothing yields more returns than investing in yourself. Acquire new skills, enhance your existing ones, and stay relevant in your industry. Attend workshops, enroll in courses, or pursue certifications that can make you more valuable in the marketplace. The more you invest in yourself, the more you position yourself for higher-paying opportunities.
Diversify your income streams: Explore passive income options like investing in the stock market, rental properties, or creating online content that generates ad revenue. Passive income takes time and effort to build, but the long-term rewards are undisputed. Unique skills and passions can be monetized in surprising ways.
While we are on the topic of multiple income streams, let me introduce you to my friend Angad.
In the last 6 months, he has launched 4 newsletters, scaled them to more than 70k subscribers(cumulative) and made more than $14,000! yes, all this in just 6 months, starting from scratch!
Moreover, he was the one who motivated me to start this newsletter which you are currently reading.
And he has a surprise for you…he and his team has now created an end-to-end email course called Newsletter Mastery where you can learn how to create and monetize your newsletter from scratch in just 7 days!
Price: FREE. Yep. You heard it right!
PS: If you end up building a newsletter, you will get an invitation to a secret community of Newsletter Creators.
Network Like a Ninja: Networking remains a powerful tool for career advancement and income growth. Attend industry events, connect with professionals in your field, and actively participate in online communities. Building a strong professional network can open doors to new opportunities, mentorship, and collaborations that can positively impact your income.
Save and Invest Wisely: Doubling your income isn't just about earning more; it's also about managing and growing what you have. Develop a disciplined savings habit and consider smart investment options. Speak with a financial advisor to create a strategy that aligns with your financial goals. Compound interest and strategic investments can significantly contribute to your wealth accumulation.
Remember, doubling your income isn't magic – it's a deliberate journey fueled by smart strategies, consistent effort, and a positive mindset. So, buckle up, embrace the challenge, and let's make 2024 the year your financial dreams take flight!