Ever catch yourself dreaming about that perfect vacation. The ultimate five-star luxury cruise. Dinning in the French Riviera. Then you shake your head and come back to reality knowing that you don’t even have enough money to get through the next week.
Though money is not everything we cannot deny the fact that having more of it just makes life a bit easier. More freedom. More choices.
We all have our own dreams, wants, and desires. Maybe you want to buy that little house in the countryside. Or travel the world. Or maybe you just want to buy that dress you saw last week at your favorite shop. The size of your dreams may vary, but all your wants involve money.
So how do you get there? How can you start making more money?
In this article, you’ll discover three key elements that every woman should know to start making more money right now. These are the fundamentals. The building blocks to your financial freedom.
Ready to get started? Let’s go.
1. Let Your Time Grind for You
John Maxwell says, “the secret of your success is determined by your daily agenda”1. How you spend your day and what you do with your time makes the difference.
Time being the key variable. It’s that one “thing” if wasted you can’t get back. Hence, time is one of our most valuable assets. We’ve all been given an equal amount of it, but how we use it varies drastically.
It seems to separate us in so many ways. Just think about it…
Why is it that some women are more successful than others? Why are some wealthier? Are they smarter? Maybe. More educated? Maybe.
However, one of the main differences comes down to how well they manage their time. What they are spending their time on and how they are prioritizing their day sets them apart.
Successful women just seem to know how to manage their time more effectively.
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Successful women just seem to know how to manage their time more effectively. They are more disciplined. They plan ahead so they know exactly what needs to get done today. They set clear goals and objectives making sure that their time is not wasted. Yet, still finding a way to balance home and work.
Their schedule is full of tasks that help them to grow their business, expand their knowledge base and increase their skills with the ultimate objective of making money. They even plan for breaks, exercise, quiet time, etc.
We can learn a lot from successful women simply by mirroring how they spend their days.
There is a direct correlation between time and money. How you spend your time will determine how much money you can make. Invest your time in learning. Apply what you’ve learned. Cultivate your career or start a business. Set the right course in action today and you’ll soon enjoy all of the success and wealth that you deserve.
2. Let Your Skills Earn for You
Every single woman has unique skills that they can directly translate into money. This is one of the most important lessons that I teach women in my consulting and coaching work.
You may be a talented photographer. Or a gifted artist when it comes to fashion, painting, interior design, etc. Or maybe your grandmother taught you to bake. Maybe you are just naturally good at managing people. Or you studied technology or accounting. Regardless of what you are good at or where those skills have come from, they are what make you unique. It’s what makes you marketable.
Whatever skills or expertise you have, there is one thing we all have in common – we all have something to offer.
Whatever skills or expertise you have, there is one thing we all have in common – we all have something to offer. And that is precisely why you must let your skills earn for you if you really want to make money.
Let’s say for example you love social media and you just happened to have studied marketing in University. Take your passion and expertise and use that to your benefit. In this case, you can sell your services as a Social Media Marketer (which by the way is in high demand nowadays).
If you are a full-time mom who loves baking and cooking, consider starting a blog and sharing your recipes with other moms. Or maybe you are ready to retire and would like to supplement your income. Think about the skills that you have. What are you interested in? What is that you could offer as a service or teach to others.
You just need to tap into that one thing that interests you…that keeps you motivated. Is there something that you have always wanted to learn? Why not start a blog and take your readers on the learning journey with you? Or maybe you are a talented writer and have always wanted to write books, but never had the time.
Once you have honed in on your skill the next step is to market yourself. Let your skills do the selling for you. Sell your services and start making money from what you already know.
Do not let yourself get discouraged by competition. In this day and age, it can feel like every market is saturated. But know that there is a place for you. There is no one like you. You are unique and therefore your skills are unique. Tap into that uniqueness and use it to your advantage.
There are endless opportunities for you to make money. Be confident. Take the plunge and let your skills start earning for you.
3. Let Your Money Work for You
Now that you’ve got your skills earning for you the next step is to grow your wealth even more. It’s time to take control of your finances and let your money work for you.
What do I mean by this?
It’s time to start investing. Look at how much money you have left over after you have taken care of all your monthly expenses and needs. Ideally you want to invest approximately 20% of your income, however, for many people this is unrealistic. The amount should be what is right for you. There is no amount that is too small.
Let’s go a step further and take a look at the definition of investing.
Investing is putting money to work to start or expand a project – or to purchase an asset or interest.
Investopedia
According to Investopedia, “Investing is putting money to work to start or expand a project – or to purchase an asset or interest – where those funds are then put to work, with the goal of income and increased value over time. The term “investment” can refer to any mechanism used for generating future income”.2
A good place to start might be your 401k. If that’s all in order look at different financial products that are available, anything from stocks, bonds, to mutual funds, etc.
Consider investing in real estate, which is my favorite option. Now you may not want to be a landlord, but I do want you to consider the possibility of renting. You can always hire a Property Manager if you don’t want to deal with the day-to-day grind of rental agreements, candidate selection and so on.
If investing makes you nervous consider talking to a Financial Advisor at your bank. Go and see a wealth management expert. There are also several investment platforms online. You have options.
Regardless of how you get there the objective is the same. You want to increase the value of your money by making it work for you.
Final Thoughts
Living a life of financial freedom is a choice. Nobody wants to deal with financial stress. Taking the right steps starting today will move you out of your current situation and towards enjoying the fruits of your labor.
Your time is valuable. How you choose to use it will make all the difference. Create a daily schedule that moves you towards your goals. Explore what makes you different. What are your skills. What is your expertise. What’s that one thing that you do really well. Identify your uniqueness and turn that into your money maker.
The road may not be easy, but it’s well worth the travel. Believe in yourself. Know that you can do this. You CAN make the money you want. Stay motivated. Focus. And in due time you will harvest!
References:
- It all comes down to what you do daily – John Maxwell, It all comes down to what you do daily, https://www.johnmaxwell.com/blog/it-all-comes-down-to-what-you-do-daily/
- Investment, Investment, https://www.investopedia.com/terms/i/investment.asp