Happy New Year! I hope you’re having a vibrant vibe at the start of 2018. The question is, is your wallet, coin purse and piggy bank celebrating the same?
If you’re like most people, you’ve probably spent the last centavo of your salary, Christmas bonus and 13th, 14th, 15th and even 16th month bonuses.
And though you’re positive about what the new year brings, your financial standing begins with zero, maybe even a negative number if you’ve made credit card swipes over the past weeks.
And by midyear, despite the employee-favored tax adjustments effective this January, you and your officemates will again complain about how dissatisfied you are with the amount of your income and that you wish your pay would increase.
Why? Two reasons: lack of financial knowledge and the discipline to stick to it once such knowledge is gained.
The good news is, you don’t need to wait for another yearend to experience happiness of receiving Christmas bonus. You can increase your income by yourself now.
To be able to raise your take home pay without relying on the mercy of your employer, government or economy, you must be able to do one thing. You must have another source of income apart from your regular job.
There are tons of ways how you can earn more. The bottomline is that you have to sell something. You can sell your skills, products or services. For me, nothing beats becoming an entrepreneur and owning a business. You’re in control. You’re the boss. You get your full profits.
You can absolutely start your own business. If you’re in doubt about your ability to become a business owner, know this: You just lack the knowledge how this is possible for you at the moment.
So if you’re serious about increasing your income and owning a business, here’s the very first step. Have a positive mindset about money. You’re money mindset is a set of your beliefs about money. It can either be positive or negative.
Examples of positive money mindset are:
Money is good.
Money is easy to earn.
There’s abundance of money for everyone.
I can be rich.
I admire rich people.
I will be wealthy so I can bless more people.
I will be rich no matter what.
Examples of negative money mindset are:
Money is the root of all evil.
Money is hard to earn.
The rich are abusive.
The rich got rich by doing illegal activities.
The rich steal money from the poor.
There’s not enough money for everyone.
I have to work abroad so I can earn more money.
If you have a positive money mindset, that’s great. You’re on your way to raising your income. However, if you have negative beliefs about it, learn to forget them. You can do that by reading books (e.g. Rich Dad, Poor Dad), watching pertinent youtube videos, attending business seminars/workshops, finding a mentor and by actually engaging in business.
Now when you think about becoming an entrepreneur, thoughts like these might cross your mind:
I don’t have capital.
I have no resources.
I have no contacts.
I have no experience.
I don’t have a business degree.
I hate selling.
I’m busy. (I don’t have time.)
Remember that all of these statements are just excuses. Excuses only prevent you from doing anything that will improve your finances and your life.
You must understand that your outer world is a reflection of your inner world. It means that if you want to have more money, you must see (and believe) yourself that you can really more money. You must have a business mindset in order to start and succeed in the business world.
Now let’s do a recap. You can definitely increase your income. And the first step to that is to gain a positive money mindset. In my next article, I’ll teach you how you can further strengthen your money mindset.