The answer to “How much should I have in my 401(k)?” is an important one — but it’s not the only way to ensure your financial future.
We are going to let you in on a little secret. It is one that has helped thousands of people live their Rich Life:
There’s a limit to how much you can save, but there’s no limit to how much money you can earn.
Many people don’t understand this and because of that, they’re content with contributing very little to their retirement accounts. When they actually retire, they’re surprised when their nest egg is a lot smaller than they thought and they have to get a job as a Walmart greeter to pay for their condo.
If you realize that your earning potential is LIMITLESS, you can truly get started working toward living a Rich Life today.
We recommend three ways to start earning more money:
1. Negotiate a salary raise. 99% of people are content with not asking for a salary raise. So if you are willing to negotiate, that puts you in the 1% and showcases to your boss that you’re a Top Performer willing to work hard for more money.
2. Start a side hustle. One of my favorite money-making tactics is starting your own side hustle. We all have skills. Why not leverage those skills to start earning more money in your free time?
3. Practice conscious spending. If you want to be rich, you have to start spending money like a rich person. No, I don’t mean going out and buying a Corvette. I mean spending money consciously so you know exactly how much you have to spend each month — while earning money passively.
We want to help you get started on one of these tactics today: Starting a side hustle.
We know. We know. The word “side hustle” tends to dredge up images of people working odd jobs and late hours, running errands, or making something to sell — but the reality isn’t like that at all! Freelancing is one of the easiest ways to have a side hustle, and you can get started right now.
Living a passive-income lifestyle with little to no work is a fantasy. If you are serious about earning additional income, you have to take an active role in your side hustle. Eventually, you may be able to earn money passively — but why would you be content with that. More is more, and we can show you how to get there.
That’s why we want to offer you my Ultimate Guide to Making Money.
We created this all-inclusive guide because we were sick of the awful advice that we found masquerading as legitimate money-making tips.
Stuff like:
• “Earn $100k a year in 4 hours a day.”
• “You can make money by joining an MLM opportunity.”
• “You just need to learn to live within your means.”
UGH.
No. You cannot expect to earn that much money with only a few hours of work when you are just getting started.
If you can earn $100k per year in 4 hours a week, why would you only 4 hours a week? We want to maximize earns AND have a good quality of life.
MLM opportunities and other ready-made side hustle solutions only make money for the people selling them. You can make more as a freelancer than you would from any of those pre-fab solutions.
Living a good life can mean going outside of your budget. If you are working late hours at a side hustle, you may need to have a sandwich for dinner to get it all in before bedtime or you may opt to order takeaway from a restaurant instead of taking the time to cook. There is nothing wrong with that. Your Chinese delivery or sandwich ingredients cost maybe $10. If you are earning $400 on your side hustle and that convenience means you can work through the evening, it makes cents (see what we did there?)
