You may not be aware of it, but your money mindset could be costing you a lot of missed opportunities. How can I earn more money fast?
The Straight Answer is simply change your mindset and this article will tell you exactly how to do it.
The Office for National Statistics surveyed 21 million workers to reveal that the average salary in the UK is just £27,200. It also revealed that, on average, train drivers earn more than architects.
This shows that many people’s salaries are not as glorious as you might think. And who wants to earn the average wage anyway?
So this begs the question: “Are you enjoying the success you want in your career or do you want to earn more money?”
Hopefully you’re ready for more. Because if you discover how to change your beliefs and think differently, you can have more money, more luxuries and of course more fun in your life.
There are many reasons for hitting a ceiling in your career but it’s almost certainly because you’ve reached an inner barrier that's preventing you from rising further.
It's not deliberate, though. It’s more of an unconscious block. But if you want to achieve greater career and financial success you need to break your inner financial glass ceiling first.
Some of the signs you're not achieving your career potential include:
If you recognise any of these problems, it is a sign you’ve reached an upper limit of career success.
That means it’s time to step out of your comfort zone and start changing your money mindset. Are you ready to do this? But more importantly, are you excited about the prospect of your income increasing in a big way?
Before you can start taking steps to go after a bigger role and salary, you need to uncover the limits and negative beliefs you’ve unconsciously imposed on yourself.
Only then can you begin the process of identifying your biggest career opportunities then setting goals and planning for financial growth.
You might not think your money mindset could influence the development of your career. But how you feel about money and the amount you earn has a significant impact on how you go about growing and developing your financial future.
The problem is that your thinking around money is so deeply ingrained in your psyche that your conscious mind doesn’t recognise the problem.
So take a moment to consider how you’d feel if you earned £250,000 a year. (This is an optimum level as once you earn over £250K, you’ll tend to need staff to help you manage your lifestyle and commitments. Over £1M and you'll need people to help you manage the demands for donations to charities.)
You may not aspire to earning that much, but it’s worth being aware of the potential you consider earning a much higher salary.
But up until now, you've somehow set your salary at a level that's comfortable for you, even though it doesn’t meet your aspirations.
So you’ll need to start changing your money mindset first. And to do that, you’ll need to get comfortable setting higher budgets, paying off debts and spending money in different ways.
If you're going to change your money mindset you need to understand how you currently think or feel about money. Just work through the questions below:
A lot of your money mindset comes from your past. So think back to when you were a child to discover what emotions you remember around the subject of money.
As you review your financial past, you may uncover the self-limiting beliefs you inherited from your social background and family. These unconscious thoughts and beliefs are your barriers to wealth. They help to explain why you may have stalled at a certain point in your career and income.
If you want to earn more, you need to re-set your money beliefs, set higher targets, clarify what you want to achieve and make a plan to get there.
Setting targets for your career and income is crucial because when defining a target you're forced to examine where you are and where you want to be. You can then make plans that give you direction, focus and a clear path forward.
Setting targets has many other benefits:
Let’s look at this in more detail.
If you don’t know what you want to achieve, you won’t know what to do to achieve it. You’ll stay stuck in your current situation and unable to make decisions or take positive action to change your circumstances.
Think about what you want as this will launch you forward and help you clarify your career and financial goals
This will help you start to make plans.
But knowing what you want isn't as easy as it sounds. You may have discounted certain opportunities because you believe they're unattainable or because they bring up certain fears.
This is where Career Consultants can help you.
We understand that going for a bigger role and earning more money brings up lots of emotions. Our goal is to help you identify your next career step and help you go after the roles that will take you where you want to go.
We can offer you the guidance, support and practical help that will take you from thinking about a change to making it happen.
But to do this, you first may need to change the way you think, behave and treat other people.
We all know that nothing changes unless we make it change. So if you want to earn a higher salary, you’ll need to start doing things differently.
For a start, get clear on how you would behave if you had more money. Imagine earning double what you currently earn. What would you do differently?
Thinking of earning double your salary may have brought up fears as well as excitement. That’s natural, because it shows you’re stepping out of your comfort zone. The more familiar you get with feeling good about having more money, the easier you will find it to believe you can have more.
That’s a game-changer.
If you want to step up in your career and earn a higher salary, you need to look and feel ready for it. That means you need to brand yourself on your CV and on LinkedIn to indicate you're ready for the next step.
Doing this isn’t just an exercise in polishing your image (though this is important). It will also help you prove to yourself and potential future employers that you're capable of contributing more value.
As you rebrand yourself, you may need to consider whether you’re working for the right company or organisation right now. Does your company value you? Is your company actively encouraging you to develop your skills and your career? If not, you may need to go elsewhere to take a step up to greater responsibility and a position of greater influence.
Before you can reach a higher salary, you need to mentally step into that new and more challenging role. You need to project yourself as being ready by having a credible sales pitch in your meetings with employers and when you connect with influencers on LinkedIn and through your CV.
Start to live as if you’re already on a much higher salary (without spending the cash, of course!). Feel the feelings you’d have and get into the mindset of being wealthier and having a more senior role. Get comfortable with stepping outside your comfort zone by putting yourself forward for more high-profile and demanding tasks that get you noticed and give you the opportunity to demonstrate your skills and abilities.
Take a look at your CV and check that you've focused on the value you’re able to bring to an organisation, rather than simply laying out your career story. Be bolder about stating your successes in your career and explain how you’ve contributed to the companies you’ve worked for.
Consider the skills that someone at a higher level needs to bring to that role and organisation. Actively work to highlight where you have gained and used those skills in your current and previous roles or work to develop them now.
When you’re always up against it with money, it limits what you can do and leads you to play small. So, if lack of money is holding you back or limiting your growth, you might want to consider generating passive income for yourself.
Passive income is what you get from creating something once and selling it many times. Ideal sources of passive income include publishing a book (this can lead to paid speaking engagements and the opportunities to sell your book online or sell your knowledge through an online course. Both help you to brand yourself as a specialist in your profession plus increase your passive earnings and salary potential as you're deemed an expert in your field.
Alternatively, if you're not inspired by being creative through words you could look to build and asset through the likes of YouTube. YouTube is now one of the fastest ways to make yourself financially independent and it can be fun to build your own channel. Whether it's related to your profession, hobby, gaming or music, it often starts with earning a few hundred pounds per month to earning tens of thousands of pounds with the right focus, commitment and attention.
All of these money-making activities will help you to build up savings so you can pay off debts, build up savings and financial freedom. Doing this will give you more choices and options and allow you to be better groomed, feel wealthier and experience having more money.
Another option is to look at cutting your spending by budgeting more carefully and setting savings goals. Paying off debt is a good way to save money. It takes discipline and commitment, but if you can pay off your debts and earn more money simultaneously, you can speed up the process considerably.
The next step
Whether you are looking to create a passive stream of income or to take your earning potential to new heights, reach out to us at Career Consultants.
We can help you to change your mind-set, provide you with the necessary coaching so that you too can enjoy the type of income that you would enjoy. We have all the necessary tools and strategies and can support you to secure this higher level of income.
Reach out to us today and tell us what you want to achieve and let’s start working on moving you out of your comfort zone into a higher-profile role with greater wealth and greater job satisfaction.
I Need a Job Supporting Pages
LinkedIn 500+ Career Programme