When you don’t work for yourself, it’s difficult to 100% directly influence your income in the short term. It’s controlled by external factors and the company you work for, in 99% of jobs, this means it’s very slow to progress or see substantial increases.
However, a major principle to building financial freedom is to establish multiple income streams. In fact, the average millionaire has about 7 different income streams. So, just because you are employed full time, it doesn’t mean you can’t earn a lot of extra cash on the side. In many cases, if you do this well, you can even quit your main job and become a true full time entrepreneur.
Side hustles are one great way to achieve this if employed. For instance, when I started my career working full time in fitness, I still buying and selling on eBay, running night club events, up selling fitness products to my clients for secondary revenue and investing in real estate. All in all, at the age of 18-20 I was working 80 + hour weeks and hustling to make what cash I could to invest into real estate.
Another way to make some extra cash is to work weekends. Many people take weekends off, which is perfectly fine if you are comfortable with where you’re at financially and don’t have major goals, but if you aren’t, those two extra days can be used for something HIGHLY productive. Whether that be your side hustle or some simple personal development that will help indirectly improve your income through developing and honing new skills.
With the explosion of the internet, the ability to make money online has also become almost easy. Basically, if you have a little common sense and can work a computer, you can find side jobs on websites such as Upwork.com. It’s platform for millions of freelancers and a place I’ve spent over 100k on hiring freelancers/contractors. You can do almost any job on there, so there’s no excuse.
The key is to remember that there truly is a million ways to make a million dollars, and if you want success bad enough, you’ll find extra gigs and investments here and there that will help propel you toward the financial vision you have for yourself.