5 Ways To 10X Your Income

Photo by Giorgio Trovato on Unsplash

If you’re like most people, then you’re constantly looking for ways to increase your income and this makes sense because multiplying your income comes with many valuable benefits such as being able to save, invest, and even pay off debt faster. For most people, being able to earn ten times more income than they’re earning now sounds like a far-fetched dream however it shouldn’t be and here are 5 ways you can do just that!

Method #1: Increase Your Skillset

Before we dive into this first method, think about this; why do company directors, CEOs, and a big fraction of management earn more than the average workers do? Of course, you’ll say it’s because they have more experience, which isn’t wrong.

But the truth is, the major difference between the CEO and the average worker is the skills they bring to the table. Most senior workers possess valuable skills that bring more value to their companies, hence validating their high salaries.

A valuable skillset is a mandatory requirement for promotions within the workforce, and sharpening yours will most definitely render you indispensable to your employer. Therefore, if you want to earn more than what you earn today, think of sharpening the skills that are relevant to the industry you’re in currently.

Don’t just take my word for it! One of the world’s renowned business philosophers, Jim Rohn, once argued that building our skills directly affects our income. To put it simply, the more skills one possesses, the more income they attract.

To be clear, this is exactly what Jim Rohn says:

“Skills multiply labor by two, five, 10, 50, 100 times. You can chop down a tree with a hammer, but it takes thirty days. But if you trade the hammer in for an axe, you can chop down the tree in thirty minutes. What’s the difference in thirty days and thirty minutes? Skills- skills make the difference”

With that said, you’re probably wondering which skills you’ll need to acquire for you to be labelled an axe in the job market. Well, if you look around, you’ll notice that the list of essential skills is endless. But the good thing is, the industry you’re in will help you narrow down to the specific skills you’ll need to climb the career ladder. Keep in mind that…