How to Get a Better Life: Earn More!

incomeI follow many personal finance and investment blogs. I love reading and digesting points of view on how to save intelligently, how to invest for the future, and how to enjoy a better life.

There are countless ways to save money and put more away. You can find ways by saving on auto insurance, decreasing household bills, paying off credit card balances, and the like.

Most people, however, don’t talk much about earning more!

This post is about not only money lessons, but also the idea that earning more can take care of many money concerns and provide a better standard of living so that you can travel, dine out, have nice things, or drive a better car. You can also review a detailed article on the subject of earning more here.

It doesn’t matter if you’re a financial advisor, an investment banker, a private equity professional, or even a hedge fund manager – most people could benefit from earning more!

I confess that I am quite good with money and always have been. By the time I was 18 years old I had saved $5,000.00 in a savings account. I was frugal, worked overtime in my dad’s business, and put every extra cent away in my savings account. One day my savings statement came in the mail. My dad opened the statement and promptly asked me to invest in his business. I never saw that money again.

Money lesson learned: don’t tell dad how much money I have saved!

In our family, during the globetrotting years, we always lived in the best houses in the best cities with ocean views and a very upscale way of life. I attended the best schools, ate in the best restaurants from Hong Kong to Palos Verdes Estates to the Maui Kapalua Resort. To this day I enjoy living in an affluent city and partaking in a well-balanced lifestyle.

During this time, I noticed that my dad worked long hours and spent time analyzing income statements and balance sheets while strategizing how to increase our family’s income.

Lifestyle lesson learned: Dad always said, “You have to work hard to earn more and live well doing it.”

So while there is much to be said about getting your household and living expenses under control, the fact is …

You can live a far better life with more income!

Decreasing expenses, living within your means, coupon cutting, living in a less expensive house, driving a less expensive car, shopping at discount outlets, ordering the less expensive meal on the menu – these strategies do work! But wouldn’t you simply like to earn more!!!

Take a good look at your life

Assess where you are in your life. Think about your life as if you were telling a story to someone you’ve never met before. What is working in your life right now? Are you happy in your job? Is your career satisfying? How about your relationship with your spouse? As you think about where you could make improvements, would having more income make a difference?

There are studies that show that happiness increases with income but this contentment begins to decline at about $75,000 in annual income. I beg to differ with these studies because as I’ve seen with my clients who double, triple, or quadruple their income while working with me, happiness definitely continues to increase as income increases.

Money buys comfort!

More income buys convenience, luxury, and comfort. We are all a product of our upbringing and the lessons we learned about money and life. While we can scrimp and save to get by, we can also invest in ourselves by learning new skills, getting out of our comfort zones, getting off our butts, and doing something to earn more.

Career success in finance and investments comes from making an investment in YOU. Make 2015 your best year and take action to earn more and have a better life!

 

About Suzanne Muusers