The Four Ways We Unlock Disposable Income

Photo by Karolina Grabowska from Pexels

Work more hours

This is the first thing that most people do, especially if they are young (unlike the old buggers like me). They pick up some extra shifts or maybe another job, and while this works for younger people it can be more difficult as we mature and have more life responsibilites to care for.

Charge more for your time

Charging more per hour, getting a raise or a promotion is something that the more professional workforce can do. This is more difficult for people new to careers or for those sectors that don’t offer increases. Many jobs don’t offer the ability to negotiate salary increases and if they do, they often aren’t enough to make dramatic life changes.

Spend less money

Spending less money is something that we should all focus on. Being more mindful of our limited cash resources is important in life… but it also takes discipline and just isn’t fun. We all want the finer things in life when we work so hard to earn an income, and this can get us into trouble. It’s also impossible to cut your costs to create prosperity if you are living in poverty.

Create a leveraged income stream

Leverage… the secret tool of the entrepreneur. Leverage is the ability to use resources to create greater returns than normally possible. This can be creating secondary income streams such as selling courses, creating content or even affiliate marketing.

So, what should I be doing?

The answer is we should be doing all four of these, but not necessarily at the same time. As with most things in nature, things operate in season. There is a time to work hard and a time to consolidate your resources.

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Ja-On Hillman

Ja-On Hillman

Automating business builders one coffee at a time. See my plan to rule the world at: www.jaonhillman.com