{ MASTERPOST } Everything You Need to Know about How to Increase Your Income

Much ink has been spilled in the personal finance arena about how to reduce your spending. After all, the more money you save on stuff, the more money you get to keep for… other stuff!

But frugality has a limiting factor: namely, you can only save so much. The amount of money you save is directly tied to the amount of money you make. It’s a lot easier to save $20k a year if you make $100k than if you make $40k, ya feel me?

So today I want to round up our best and brightest advice not on reducing your spending or saving your money… but on how to increase your income. Get that bread. Make it rain. Get us the lettuce. Stack them stacks. Bring home the motherfucking bacon.

Make more money at the job you have

One of the simplest ways to increase your income is to just make your current employer pay you more. But while it may be simple, it ain’t always easy.

Make more money at your next job

All that said, you’re statistically more likely to increase your income faster by job hopping! So if your current employer doesn’t want to pay you more, leave that sinking ship behind in pursuit of a higher salary.

Invest your way to more money

Of course there are some who say the true path to wealth is passive income: when you stop working for your money and instead let your money work for you. And they’re not wrong! Here’s how we recommend you increase your income passively.

Make more money through side hustles

When it comes to side hustles, we have traditionally advocated caution. The last thing you want to do is burn out in pursuit of a second income stream. But with enough wits and fortitude, a side hustle could help you increase your income by leaps and bounds.

What to do when you make more money

Once you increase your income, you might find yourself… not quite bored, but finding you have a little more bandwidth to handle the stuff that matters. It can be a jarring transition! Here are our thoughts on the matter.

Advocate for systemic change

We don’t endorse an attitude of “I got mine.” So once you increase your income, there are lots of ways to use your newfound financial breathing room for good! Lift as you climb, my friend. Here are a few ways to do so:

Everything in moderation

One last thing, my lambs: don’t crush your spirit while chasing the goal of a higher income. Working hard is hard work. If you find these tactics are leaving you exhausted and demoralized, you might be on the road to burnout. And that road leads nowhere good!

That’s why we just released our glorious new Burnout Workshop. Click the button below to take a peek!

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