Cutting expenses and being frugal can significantly boost your financial future, but it’s only one part of the wealth-building equation. Sometimes, the best defense is a good offense—in this case, earning more money. In this episode, we tackle the often intimidating topic of how to increase your income, covering everything from being an outstanding employee to asking for a raise. We provide our best career advice and discuss side hustles and earning additional income outside your primary job. Plus, stay tuned for a special update from Andrew about his experiences since leaving Corporate America two months ago—you might be surprised by what he’s discovered regarding money and mindset.
Andrew joins this week’s podcast as we talk about:
– The importance of not only focusing on saving money but also on increasing your income
– Strategies to become an invaluable employee, or a “Linchpin,” as Seth Godin describes
– How to proactively manage your career and solicit feedback
– A specific recommendation for confidently asking for a raise
– How to leverage outside job offers during salary negotiations
– The landscape of second jobs, from the gig economy to entrepreneurship
– A realistic perspective on side hustles versus focusing on growing your primary career
– A special update from Andrew about his activities since leaving Corporate America
Show References:
- Book: Linchpin
- Linchpin manifesto
- Book: What got you here, won’t get you there
- Inside Out Money podcast #109 – Andrew’s Big News – What’s next and why it’s not early retirement
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