I for Income
The first “I” in MISSION stands for Income.
Income is how we get money coming in to our lives – that’s how it gets its name. In comes money.
Income is the second stage in the MISSION, and super-important because without an income, you can’t save. Without savings, you can’t invest, and without investing, you can’t have money working for you so that you can be free… so income is that important.
So it makes sense to think that the more income you have the more you can save, the quicker you can save and the sooner you can be Happy Ever After, doesn’t it? Yes… and also very much NO.
No?
Most people think that what they earn they should spend. In fact, it’s the only way people decide their spending. They don’t decide by working out what they need, what they want, and then not spending the rest… they spend what they have. If they run out, they run out. If they don’t run out? Well… they generally do.
Income isn’t the only thing that determines your saving and your ability to be free. With low income you could be free faster than a person with high income if you control your saving and spending better than they do.
But Also Yes. Obviously, Yes.
Yes, a higher income will enable you to be free faster, if you treat the main benefit of a high income as the ability to have more savings. If you focus on saving income increases rather than spending them, then making more money can really fast-track your MISSION to financial freedom.
So how do you make more money? Although every person in the world has to make money, and each of them may have a slightly different way of doing it, if you don’t have any savings to make money through investing, then there are really only two ways to make money:
- Working for yourself or…
- Working for someone else.
Both have advantages, both have disadvantages, and it’s hard to know which is best for you until you try them both – which is what you should do. That’s the biggest, simplest advice I can give you. If you’ve only ever thought about “getting a job” that someone else created just for you, or that you desperately need just for the money, try to think about starting your own job.
If you are in a regular job, find yourself a “side-gig”. Work out one that could be right for you. There are hundreds, thousands (millions?) of examples out there on the internet – and in the real world – that might be a perfect supplement for your existing job… but why do it?
– It will be something different. It won’t be what you’re doing all the time, it will be a change, and while it might not work out, it will be a little bit of adventure into a new world.
– It will take up time that you would probably otherwise use expensively, spending money, or something like that.
– It should make you some money.
– And it might be the beginning of something that can change your life for the better, becoming bigger than your day job, and truly fast-track Happy Ever After.
This shouldn’t cost a lot of money. It should be something you already know how to do, or kind of know. It could be something that you do as a hobby, or already do as part of your job. It could be something you know that people want you to do, or it could be your way of testing out if a proper business could work. It could be anything – and it could change your life.
If you google “side hustle examples” I am sure you will find a ton of examples you could try, but there are also some sites that already cater for people, just like you, looking for good side ideas to make money:
If 99 ideas aren’t enough, then there’s 200 more here, and if you want more you can listen to a whole year of podcasts, each of them with an example of how someone pursued their side hustle.