How to increase your income by 100% in 2 years

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As I have found out, it is possible to dramatically increase your earnings with the right approach.

Key Point

• A few years ago, I set bigger financial goals and started working more hours.
• I also added skills and took on more projects.
• These changes doubled my income in two years.

My financial situation has had its ups and downs over the last 10 years, but it has gotten a lot better over the last few years. The reason is very simple, I started making money. In fact, I was able to double my income in just two years.

It’s not something I usually talk to people about, but if I did, people would ask me, “How did you do that?” After thinking about what I changed, here are some key changes that stand out and help anyone looking to make more money.

1. Set bigger goals for yourself

stay with me here “Think bigger” sounds like advice straight out of Donald Trump’s self-help book, I think.

It may be cliché, but setting bigger goals for myself was the most important change I made. It’s easy to be happy with what you’ve earned, especially if you feel like you don’t have many opportunities to earn more. That’s hardly true.

For me, what woke me up was a few months of working more and making more money than usual. I realized that if I could earn this much in a month, there was no reason why I couldn’t. monthly, or more. That was the motivation I needed to raise my monthly and annual income goals, and has continued to do so ever since.

2. Increased time

Setting big goals is great, but it’s only half the battle. I knew I needed to put in more time if I wanted to reach my ambitious income goals.

Honestly, I may have had too much free time at work before making this change. Being a freelancer and setting my own schedule, I tend to take very long breaks and procrastinate. This is why time management is so important for freelancers. I spent more time each day writing and coming up with new ideas to make sure I was on track towards my goals.

I value maintaining a healthy work-life balance, so I would never recommend overdoing it. But there are times, such as when you’re starting a small business or trying to get a promotion at work, where you need to spend more time getting where you want to go.

3. Developed skills

When I first started as a personal finance writer, credit cards were my main focus. I knew the best credit cards and rewards programs inside and out, so they were the ones I wrote the most .

Having a specialization is good, but I’ve found that having multiple specialties helps as well. A broader skill set often leads to more money-making opportunities. So I expanded my business by improving my knowledge of other parts of personal finance such as investing and banking.

If you want to earn more, I highly recommend looking for ways to add related skills. How much you earn is tied to the value you provide, and more skills increase your value.

4. We took on more projects

One thing I’ve discovered is that the more work I do, the more opportunities that come my way. Kind of like a snowball effect. As you prove yourself, you will be offered more assignments and jobs.

I am generally open to new projects, even if they are outside my comfort zone. Some of the projects that I wasn’t sure about at first turned out to be a big source of income that helped me reach my financial goals.

Whether you’re an employee or a freelancer, be open to new jobs. You don’t have to say yes to everything, but it’s always better to take an opportunity than miss it.

I’ll be the first to admit that I’ve been lucky to have increased my income to such an extent. But luck only goes that far. There have also been some changes on my part as well. These are simple steps, but they can have a big impact on your annual income.