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Columns : Investing in You - Glenn S. Ferguson Last Updated: Feb 6, 2017 - 2:32:04 PM

How to Increase Your Monthly Income in One Quick and Easy Step
By Glenn S. Ferguson
Sep 21, 2010 - 9:04:32 PM

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There is no question that in these uncertain economic times, that the one thing you need to do is  protect you and your family against financial ruin,  is to be able to not only control your income but to increase your income.

But in order to do this you must overcome one of the most difficult barriers that is blocking your pathway - your job!

No I am not suggesting that you quit your job as that would be a foolish thing to do, but I am asking you to take a serious look at how you are earning money to see whether you are doing an efficient job at earning money.

Think about how you usually earn money. You get a job that offers you a fixed income for working 40 hours a week. Which you gladly accept and excited to get started but you soon realize that the salary that you have agreed to is not able to support your current lifestyle.

And before long you are complaining about the job that you were once so excited about. But is it really the job or is it your inability to earn the level of income that is needed to support your lifestyle?

This is why it is so important to decide on the lifestyle you want for yourself before you even get to the job seeking stage. And why it is important to have a “Life Plan.” I can almost hear you now,  “A what - Life Plan?”

A Life Plan allows you to map out for yourself the life that you want to live. So instead of just living life aimlessly, you would have a clearly defined path that you are following. One that is in writing and that you can adjust on an ongoing bases to meet the unexpected challenges of life.

And with your Life Plan, you will know just how much your expected lifestyle will cost you thus enabling you to know the skills that you will need to earn that income.

You see, income is a function of “marketable skills” and noticed “marketable skills” because if the skill is not in demand it does not matter how skillful you are.  If no one is willing to pay you for it then that skill is worthless.

Your Life Plan then also allows you to determine your personal development needs, for it is through your personal development that you acquire the marketable skills that you need.

We have all been told to get a good education and a good job.  But the reality is that having a good education and a good job still does not allow you to control and increase your income. 

And this should be made even clearer to you when you consider the ongoing industrial disputes at The College of the Bahamas  and The Broadcasting Corporation of The Bahamas.

So how do you increase your monthly income in one quick and easy step?  By simply developing marketable skills.

There are a number of marketable skills that are in high demand now and the good news is that you too can learn and develop these skills. And you may be surprise to find out that you may already have some of these skills. But you may not know exactly what these marketable skills are.  

Therefore, the first thing you need to do is to begin researching what it is that people are looking for and then determining whether they are willing to pay for it. Once you know what they are looking for and willing to pay,  then you have marketable skill that you can begin developing to grow your income.

Secondly, you must realize that increasing your income is not going to happen by itself.  It is up to you to do. You have to commit to not only reading this information but applying it  because the biggest mistake you can make is to make a decision to apply this information ... and then not do it.

You owe to yourself to earn as much money as you possible can and you should make a commitment to yourself right now that you will do what it takes to see results because you have got what it takes!

And here is a resource that can help you discover the Secrets to Earning An Extra $1K Monthly.

Copyright © 2010 - Glenn S. Ferguson

Glenn Ferguson is a Speaker, Coach and Syndicated Writer, helping you to painlessly take control of your money to create wealth for you and your family. Email to: glenn@financialcoachingwithglenn.com   Web site: www.financialcoachingwithglenn.com

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