POSTED BY October 30, 2014 COMMENTS (32)ON
You are reading second article of “Increasing your income” series. The overall response to increasing income series is very encouraging. We got some interesting sharing in comments section and we also received personal emails from many of our readers. A lot of people are serious about increasing their income and we are happy our article series is helping them in moving forward. You can read the 1st part of the series – 8 reasons why your income level remains STAGNANT
In today’s article we will change gears; we say that “You are 100% responsible for the income you generate – totally. The only question is – Will you acknowledge that or not?”. We will explore some very important dimensions which are important to understand for you to increase your income. Your monthly bank balance or income is a reflection of how you express yourself or in other words how you show-up in the world.
Here is an inspiring video , which I must have seen for over 60 times, it taught me several things and today’s article come’s straight from the notes I took while I repeatedly watched this man speaking and expressing himself. You may have already seen the video, this time I invite you to see this video with fresh pair of eyes and from the context of how you can change your conversation around increasing your income.
Reflection #1: Your bank balance is a mere reflection of your thought balance
If you want to increase your yearly income or your bank balance you will have to first expand your thought balance. Make a conscious effort each day to fill yourself with richer thoughts. Human being is a thought making machine and you always have a choice to be responsible for your thoughts that you give shape to. Good and bad thoughts will always strike you, but which thoughts you choose to give life to is always in your hands. Because it all starts at the thought level and then it (the thought) slowly starts to shape your reality.
What are our articles on jagoinvestor all about ? They are simply our (ie mine and Manish’s) thoughts, that we give language to. Your thought around money and income generation has to be empowering and inspiring. And so give life and energy to only those thoughts, which helps you to grow your thought balance, and this will eventually reflect in your bank balance. Check your thoughts around your boss (majority of people hate their boss or has some or other complaints with their management). Go have a conversation but do not let your thoughts get corrupted. Your organization is the source of your income and you cant afford to nurture dis-empowering thoughts.
Reflection #2: Income is reflection of your personal creativity
If you want to increase your income, then bring the ingredient of creativity to the dish called “your work”. Your work is the ultimate source of your income and your work assignment always gives you an opportunity to express the magic that you hold in you.
Income is a reflection of how much value you create for people/clients and for the organization you work for. You are never paid for spending a few hours in your cabin or company or to warm your chair or to check articles on different blogs or to find the best online deals.
Every day invest some time to figure out ways by which you can bring the creative force inside your work. The way there are more than 10 ways to draw a cat, there are many creative ways by which you can get the same job done. I personally feel that income generation is not a formula, but it is your personal creative process which you discover for yourself.
Reflection #3: Income is reflection of how innovative you get
I love reading books and biographies that are written on the life journey of Steve jobs. His overall body of work and innovative designs will continue to inspire people for years to come. A lot of times I address Manish as “Steve jobs of personal finance” not to flatter him but because he brings element of innovation inside our organization and in his articles and books. Out of working with him I have learnt that income is a function of how innovative you are as a professional?
Inside your current work or job profile check ways to innovate. There are always some or the other hidden ways by which you can enhance your performance or effectiveness. Innovation is an important dimension to ponder, if you are really serious about increasing your income. Innovative people always experience and see income as a byproduct. Their work speaks for itself and money/income simply flows into their life.
Reflection #4: Income is a reflection of how big difference maker you are
Finally, Let me teach you how you can actually increase your income. Let’s say, your current pay package is 10 lakh and you want your annual income to become 1 crore. The solution is simple but may not be easy for you. If you want your pay package to become 1 Crore all you have to do is first contribute inside your field worth 1 Crore. I and Manish care very little about our income or annual business turnover, our focus is always on how much contribution we can make in peoples’ financial world.
We take on new writing projects and constantly design our services by which we can make more and more difference. If you want to increase your income simply create or design your contribution plan for next 5 years inside your respective field. The more you will contribute the more your income will grow and expand.
Reflection #5: Income is reflection of outrageously sharing your GIFTS
There is always one thing in YOU which only you can share with the world. If you are good at singing, give more of that to the world. If you are good at writing, give more of that to the world and if you are good at painting – then share that GIFT with the world.
Whatever you are good at in life, they are your gifts and you have to share your gifts with more and more people. The more you share them, the more it will reflect in your bank balance. Don’t be stingy in sharing your gifts, outrageously share your gifts. Income is a reflection of how big heartedly you are willing to share your gifts. A lot of advisors come-up to us or mail us saying, “If you will teach everything to investors who will become your client”. Well, in fact it increases flow of inquiries and we have seen our client list expanding year on year. We want to share our gifts and we ask our colleagues to do the same. In your field just continue to share your gifts, just STOP stopping.
Reflection #6: Income is a token of appreciation
Your Income is not a symbol of security, power or just a commercial transaction; it is also not a measure of how successful or unsuccessful you are in this world. Your income is a reflection, it is a mirror that shows you how you show-up in the world, it is a reflection of how much value you are adding into people’s life and how much contribution you make in your respective field.
Salary or fee is ONLY a token of appreciation that you receive when you share your magic and gifts with the world. When you start to see your work as a medium to express your love AND in return people or organizations express their love by writing a cheque in your favor.
In this week we want you to add new and empowering dimensions, which will help you to increase your income and of other people who surround you. We would love to have more and more sharing in the comments section. Lastly, we wish each one of you a very happy and exciting new year. We will continue to share our gifts with you for years to come. Stay tuned for remaining parts of increasing income series.
Let us know which new dimensions you think can help you best to increase your income !