What makes having an income plan so critical? Besides the obvious of actually having an income, the plan means that you have a checklist on the pathways to build income so that if you get distracted by life, you can immediately get back on track.
In this 21 day challenge to increase your income and decrease your debt, we are all about helping you deal with life’s distractions. I learned the very hard way that sometimes life does not go as planned. Ever have that experience?
Well, when my son was born with special needs, I did not know how to create a plan to help me help him. I was truly lost. I spent money on coaching and got great mentorship to help me build a plan to reduce my debt (which exploded due to medical bills) and increase my income.
http://https://www.youtube.com/watch?v=C2_emH0kQmk
That said, in this challenge I want you to have two critical skills that will help you to grow your income in a remarkable way. The first skill to grow your income in a remarkable way is to know what you have to sell. Let’s break it down. What value do you bring to the marketplace? What are your skills, talents, abilities, and interests that open the door to investment and income opportunities and ideas?
INCREASE YOUR SALES
🎯Tip #1 – Who do you know? When you want to grow your income so that you can increase your saving and reduce your debt, it’s time to do an audit of your network to see who you can ask for referrals to work or investment opportunities. Sometimes it is the network you have that can build your investment income!
One of the fun aspects of printable workbooks, especially this one, is that there is no pressure and you can write and dream and take notes of what you need to be successful. This investment income workbook can be so helpful in getting you on the right path to multiply the money you earn now!
🎯Tip #2 – Now, most of us were taught to get A JOB. The idea that you can take the money that you earn from the job and multiply your income is not taught in schools. For those who use job income to build an additional career as an investor, freelancer, and business owner, in a few years, you will be surprised to see the fruits of your labor multiply. The idea here is to take the money that you are making and turn it into more money by building a solid investment plan.
So to build your income in a remarkable way, the two suggestions are (a) tap into your network for ideas and opportunities. Once you know your skillset, talents, abilities, and interests, you know what you can sell. Next is to (b) invest your money into making more money.
REDUCE YOUR DEBT
What we normally see is our debts multiply instead.
🎯Tip #3 – And when we have a number of debts that have pilled up, BILL CONSOLIDATION or debt consolidation is a popular option.
🎯Tip #4 – However, in this challenge, I urge persons who are considering this option to twin bill consolidation with DEBT COUNSELING?
Why?
Because as an Approved Financial Counselor with the Office of Insolvency, I see that any debt action without BEHAVIOR CHANGE is the straight road to bankruptcy. Learning about your money and your money habits is critical to building your money map to financing the life you desire.
So in this challenge to increase your income and reduce your debt, it is critical that you
(a) seek opportunities to grow your career in your field of study, as an investor, as a freelancer, and possibly as a business owner. And after that, (b) bill consolidation blended with debt counseling is the key to winning in this strategy.
We invite you to join the entire 21-day challenge to increase your savings and reduce your debt!
