It is worth mentioning that money is an essential part of our lives. Whatever hard work we do in our lives is to earn a lot of money, we all want to have a lot of money, we all desire money, then why only 1% of people in the world can have the amount of money they want. What special do they do in their lives that they can earn as much money as they want? Do you ever wonder – why only the rich are getting richer? Do you ever wonder why only a few are able to live the life of their dreams? Or do you ever wonder why you can earn as much as you want to?
I used to wonder until I got to learn how money works and why only it works for few people. Yes, money works for you. Trust that you can also make your yearly income to a monthly income – only when you will make the money work for you rather than working for the money. The irony is no educational institute teaches its students how to earn money. They teach how to save money or store money, but not how to make or earn money.
Some people keep struggling for money all their lives; however, some achieve their dreams immediately. The ones who struggle for money always curse their destiny, their karmas, their bad luck, and everything else for not having money. Hardly have they bothered to look deep down the concept and understand that they could have also earned as much as they wanted. Well, if you are also looking for ways to make your yearly income to a monthly income, then you have landed on the right page. Here we will share with you the ways to make as much money as you want
The ones who give up on their dreams and the ones who keep struggling all their lives for money should know that there is a law that governs the whole universe, i.e., “the law of compensation”. The law of compensation is simply another restatement of the Law of Sowing and Reaping. This means that you will always be compensated for your efforts and for your contribution, whatever it is, however much or however little. The law of compensation states that the amount of money you earn will always be in the exact ration to these three points:
1. The NEED for what you do – The need is already there, there is nothing you have to do about it.
2. Your ABILITY to do that – Get better at it. There is no other competition. You are the only competition for everybody else!
3. The DIFFICULTY there will be replacing you – This will be taken care all by itself if you have the ability to do what you are doing! This means to tackle number three, and you always have to take care of point number two!
At any given point, you have to focus on NUMBER TWO. If you MASTER whatever you do, everything else will fall in place. If at all you can do what you do, then of course nobody can ever replace you, or you will never have any competition. This means it is you who can create the need for your work! Once you establish that need, you will be successful immensely.
Three income-earning strategies
There are three income earning strategies, which are as follows:
M1 – 96% of people worldwide use this strategy. In this strategy, people trade their TIME for MONEY, which means they get money for the number of hours they work. This is what most people do in their lives and that the reason they end up miserably.
M2 – 3% of people use this strategy. In this strategy, people invest MONEY to earn MONEY. However, some of them also fail drastically because they do not know how to use the money to earn money. This means it is essential to understand how to make money work for you.
M3 – And the last strategy is carried by 1% people, which means only selective people do that. But, they earn 96% of the total money. These are the people who spend money to earn money. This means these people make money work for them as they multiply their sources of income to earn money. Yes, there are several authors and successful people who have said this before that have multiple sources of earning.
If you have read this post so far, and you are keen to know how to make your yearly income your monthly income, then continue reading it. Now, we are going to discuss various ways of earning money.
1. Unlearn what all you have learnt so far
This is imperative, unlearn whatever you have learnt so far. You may find it weird, but the truth is to make space for something new, you definitely need to chuck the old. You must have learned so many things from your childhood till today. But trust, whatever you have learnt is of no use. The first step to learn to make money is to unlearn those old negative ideas – that money is only for rich people, that you cannot earn because you are not destined to have money, that you are born to die in poverty and misery, that money is out of reach, that money is not important for happiness, that money makes you greedy, that money is not your cup of tea, so on and so forth. You need to get rid of all these negative thoughts about money if you really want to make your yearly income your monthly income.
Remember, whatever you feed your subconscious mind with, your mind starts to manifest the same. This means if you think of scarcity, your mind will only manifest scarcity for you. That is the reason most people die in misery. Because they tend to talk about poverty, they talk about bad luck, and they talk about all the negative stuff consciously or unconsciously and gradually they end up being poor and miserable. So, if you tend to talk negatively about money, then the first step that you need to take to make money is changing your mindset. This means UNLEARN whatever you have learnt so far. This will help you RELEARN the new techniques and ways to earn money.
2. Make the best use of the internet
Believe it or not, we are the luckiest of all generations so far. Because we are in an era of technology. The advent of the internet has not only made our lives easier, but it has also opened various avenues for people. Know that you can easily transform the amount of your yearly income into your monthly income.
Well, by simply leveraging the power of the internet!
Yes, the internet is the most powerful tool that we have today. It has taken the whole experience of doing anything, be it a business or shopping to another level. The new business model has transformed the way of doing business completely. Smart businessmen work SMARTLY. They simply work while sipping coffee by the pool with laptops in their hands, unlike the ones who keep burning the midnight oil to make their business run or grow.
In addition to this, online businesses are depression or crisis-proof. This means you can work even when the whole country is shut down, like in the coronavirus crisis. The ones who had online work are still able to make money even during the self-isolation period. However, the ones who were using conventional methods of business are shattered completely. The impact of the internet is huge on the market and on the people as well. Remember, our world is changing; it is getting better and smarter in several ways. Today, you can have business all over the world from the comfort of your house using the internet. So, it’s time to understand the power of the internet and make it work for you.
3. Have multiple sources of income
This you must have heard myriads of times now. But the time has come to work on it. Believe it or not, all the wealthy people in the world have multiple sources of income. Only 1% of people in the world make 96% of the total money. Because they make their money work for them. Because they multiply their sources of income. You can also do that believe me.
Well, you can make your money work for you. This means you have to invest your money in places where you get higher returns, regular and steady income etc.
4. Start your own online business
Lastly, start your own digital or online business today. This is one of the best ways to make your yearly income to a monthly income. And trust that this is the right time to start your online or digital business. Whatever you need to start your digital business, you have all that. Yes, you need time, laptop and high-speed internet connection. All these are already with you, now all you have to do is make your mind. You can start your affiliate marketing business, or if you are good at SEO, then just become an SEO marketer. Each company today is looking out for an SEO marketer; you never know you can be one! Like this, there are several digital businesses that you can consider starting and BE YOUR OWN BOSS!!
Also, some of these businesses can easily be managed with your full-time work. For instance, affiliate marketing can be your second source of income. Because it takes only your initial time and efforts, and later you don’t have to put much effort. It is purely a commission-based work. This means once you set your business, you earn a steady income as the money keeps coming as long as your seller’s products are salable in the market. You can associate with multiple sellers and earn huge money every month. Believe that you are capable of doing it.
For starting your digital business, you will need determination, drive and some initial learning to get it going and maintain its success. We can help you learn the skill sets that you need to start your digital business. Remember that seasoned professionals are more likely to get huge opportunities than the ones who are not learned or not seasoned! There are immense possibilities ahead; all you have to do is START NOW!! You will never regret your decision!
So these are the things that you have to do to make your yearly income your monthly income. Just do them religiously, and you are through! Doing these will enable you to live the life of your dream!