Earning more is an important and simple idea that is ignored far to often. Simple, doesn’t mean, easy, just easy to understand. This is something people should definitely consider in their personal financial planning.
There is a important caveat to remember, people earning a lot of money often have large financial problems and go bankrupt. Earning more if you borrow more than you earn and rely on ever increasing earnings can make you even more venerable than those earning less. A significant factor is how likely you are to replace your current earning if you need to find a new job.
There is also another concern to watch for – don’t become a slave to your desire to earn more. The reason to earn more is to improve your life long situation. If you sacrifice what you enjoy too much it becomes a bad trade off. Short term sacrifices may well be wise. But many people find themselves in decades long sacrifices to try and get ahead. This isn’t a good plan.
Making money online can be enjoyable and rewarding. However, it isn’t easy. I am putting more effort into this area and will be doing a great deal more in the next year. We will see how successful I am.
Related: Earn more money. It matters more than everything else combined. – 10 Jobs That Provide a Great Return on Investment – Earn More Money to buy luxuries (don’t go into debt) – High Expectations
Adding additional streams of income is a great idea (rental property, income from consulting, selling a book, online income). I don’t think getting significant additional streams of income is easy at all. I have several additional streams of income that are significant but it wasn’t easy. And it took years. I’ll admit my style also is more suited to slow, continuous, long term growth than to quick, marketing success.
I congratulate those that can make things monetarily successful quickly. I would love to add some quick successes to my additional streams of income.
My advice it that is it a very valuable personal financial move to create additional streams of income. And that you should make attempts but don’t expect easy, quick rewards. Stay persistent.