1. Solve People Problems:
The only way to earn more money by providing people with services or products which are needed and useful. We exchange our time and our product or service for another person’s money. Therefore, the natural law is, our financial return is in direct proportion to our service. These are the words said by Earl Nightingale says in Strangest Secret audio.
If you want to earn more money the best way is to provide people with your service or product. If you are working in an organization, you can earn more money by providing more value through your service to the organization. It is very strange most of us think always to earn money, but we fail to realize to provide value which in turn leads to a better salary. If you are in business, you can earn more money by helping people creating your product.
Best examples: Amazon solved the problem of shopping from any corner of the world without stepping out of your home. Similarly, the “Uber” taxi service became so famous because we can travel to any place by getting the taxi service anytime at our fingers tips. These are some of the best examples of earning more money by providing solutions to others problems.
2. Create a Second Income:
One of the ways to earn more money is to create your second income while you are working to earn after office hours. There are so many ways such as coaching, training, counseling, blogging, affiliate products, etc. As you start earning this income, you should use it to invest in assets that give you passive income after deducting all expenses. This is the best way to accelerate your time to become financially free in a shorter time. The question you should ask to evaluate your financial freedom is, “Can I retire today if I want?”. You should have sufficient wealth to take care of the rest of your life. Let me not get into what are the places where you need to invest. Probably you can take the advice of a financial expert. Some of the instruments which I know are Real Estate, Stocks / Crypto and Gold / Silver, etc.
3.Save 10 % and Invest in instruments to get Passive Income
We need to learn to save at least 10% of your income after cutting down all our expenses. This is the secret practiced in ancient times by rich people in Babylonia as mentioned in the book “Richest Man in the Babylon”. This secret is so powerful, practiced and recommended even today by all self-made millionaires. This saved money should be invested to build assets that give passive income.
4. Provide Value:
The common notion is, you will be called successful when you are earning more money. The vice versa is true, you can earn more money after you are successful. One man said, “Give me heat and then I will add the wood”. We have to got to put the fuel before we can expect heat, we have to provide service/ value first before we expect money. We should not be concerned ourselves with the money before providing service first.
5.The ability to sell the concept or product:
We have a lot of ideas every day and some good ones, but how can you convince people that will help you earn money? You must be able to explain the process that will transform your ideas into solving the problems of people. People buy your product or service only when they get the feeling their problems are addressed. Hence if you are in online business or offline business you need to create your product to address the problem of your target audience. More problems the product solves, you will get more money.