4 ways to increase your earning potential

In a world where the job market can fluctuate and financial responsibilities can skyrocket in the blink of an eye, it’s never too soon (or too late) to consider how you can increase not only your income, but your skills. Take a look at these tips to help guide you, no matter where you are on the journey.

Seek opportunities that increase your visibility

So many times people believe that the only way to earn more is to build a side hustle. While that can be the case for some, this isn’t a rule. Seeking out opportunities within your current or new place of employment can be just what you need to make a substantial hourly or salary jump. If there are projects that can increase your skill and get you in front of a new audience of people – consider exploring that. Write down the pros and cons of the extra tasks while making sure it aligns with where you ultimately want to be. 

Monetize your passion

For those that have the ability to create a product or sell a skill, there’s no better time than now to monetize what you thoroughly enjoy. Remember, this is scalable and can be done at your pace. Starting off by selling to your friends and family is always a good stepping-stone. Referrals, normal advertising via social media and showcasing what you offer will add some extra funds to your pocket. 

Focus on strengthening your skills

When it comes to increasing your earning, there’s a misconception that it has to be done a specific way. Often times, the number one thing you can do before executing any plan is focus on strengthening your skills. Are you dependable? If you desire to have a business or be a productive, contributing employee – are you reliable? Skills such as being able to breakdown complicated situations and produce results, paying attention to detail and asking the right questions are skills that many often do, but haven’t mastered. Focusing on any skills and achieving mastery in the long run will definitely contribute to the opportunities you are afforded over others. It’s not about a competition, it’s actively showing that you are the best candidate.

Market yourself and remember – you are one of one

You’re this awesome, amazing person that has a lot to offer – but no one knows. Don’t forget to market yourself! Update your resume with skills regularly. If you are self-employed or have a side business, use social media platforms and word of mouth to generate potential clients. Even if there are many people doing what you do, you must remember no one can do it exactly like you. There’s enough for each and every one of us to thrive and be successful.

Put yourself out there!  

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The Finance Bar is a personal finance suite helping women and couples achieve financial wellness through coaching, education, and an innovative learning hub on wheels. Creator Marsha Barnes is a Certified Financial Social Worker, Official FICO Brand Ambassador, and was named GOBankingRates’ Best Money Expert in the Net-Worth Category.

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