Do you wish you could earn more? Well, guess what – you can! With a little reinvention and strategy, anyone can use the skills they have right now, improve on them, and learn how to make more money. In today’s guide, we’re going to take a look at everything you need to know about maximizing your earning potential. Let’s get started with the basics.
Change your thinking
OK, so to begin with, it’s important to establish one particular fact. Most people tend to think about the amount of money they are earning right now. But what if you thought about your earnings over a lifetime? Doing so can have a significant impact on your way of thinking. For example, let’s say you graduate from college and decide to go travelling for a year, pick up a few dead on jobs here and there and mess around for the next couple of years – you might earn something like £30K in that period. But by picking up a good job right away, you could earn something like £150,000 over those three years. If you take the former route – which many people do – that’s £120,000 off your lifetime earnings already, before you have even got started!
Keep on thinking
Educating yourself continually over your entire career is the only way you will attract the top jobs, and maximize your earnings potential. So always bear this in mind when looking for a new role somewhere. Some employers will offer plenty of training – some may even let you do something like study an MBA online. It’s vital that you take up every option that is offered to you. Not only will learning give you extra tools and earning power, it is also a great way to build connections – which is what we are going to take a look at right now.
It can’t be stressed enough how important networking is to your career and earning outcomes. Without a strong network of connections in the business and professional communities, the reality is that you will struggle to reach your potential. Personal connections are the keys to your success, and whether you like it or not, it’s often who you know rather than what you know that has the biggest impact. Networking also gives you insight into what is going on in your industry – and beyond. And, of course, it means you will be more likely to hear about potential job opportunities in many different areas.
Be prepared to move
Finally, if you live in small town or city, don’t expect to max out your money. It is highly unlikely you will reach your earning potential unless you are prepared to move elsewhere – perhaps even abroad. Look for the cities with the highest salaries – London, for example – and try and plot a route to them. It can make a huge difference to your lifetime earnings.
Do you have any tips to share about maximizing your career earnings? Why not share your knowledge by leaving a comment in the section below?
This is a collaborative post.