Want to Earn More Money?

A millionaire computer entrepreneur in the Atlanta area was being interviewed by the local newspaper in one of those “how I did it” articles. This guy come from a modest middle class background, started as an ordinary computer geek, worked harder than his peers, broke out on his own and built his own company.

Within a few years, his company was grossing several million dollars per year, and if I remember correctly, his multimillion dollar fortune came when he sold the company sometime in his late 30s.

I always find those real life rags-to-riches stories fascinating, but what I remember most about this one was a single comment he made, that I’ll paraphrase from memory…

“We don’t realize what we can accomplish once we break free from the constraints of being middle class. Once I broke out of that, there was nothing stopping me.”

Being middle class myself, and thinking that to be a good thing, I had to think about his comment a bit. He didn’t elaborate on “the constraints of being middle class”, but I think it’s not too hard to figure out what he meant.

Money can buy some happiness, but as you’ll see, it’s just one piece of the puzzle. And there’s a real danger that increased income can actually make you miserable—if your desire to spend grows with it. But that’s not to say you have to live like a monk. The key is finding a balance between having too little and having too much—and that’s no easy task.

More spending does lead to more fulfillment—up to a point. But spending too much can actually have a negative impact on your quality of life.First see :

 

The Fulfillment Curve

 

This  Fulfillment Curve has four sections:

  • Survival. In this part of the curve, a little money brings a large gain in happiness. If you have nothing, buying things really does contribute to your well-being. You’re much happier when your basic needs—food, clothing, and shelter—are provided for than when they’re not.
  • Comforts. After the basics are taken care of, you begin to spend on comforts: a chair to sit in, a pillow to sleep on, a second pair of pants. These purchases, too, bring increased fulfillment. They make you happy, but not as happy as the items that satisfied your survival needs. This part of the curve is still positive, but not as steep as the first section.
  • Luxuries. Eventually your spending extends from comforts to outright luxuries. You move from a small apartment to a home in the suburbs, say, and you have an entire wardrobe of clothing. You drink hot chocolate on winter evenings, sit on a new sofa, and have a library of DVDs. These things are more than comforts—they’re luxuries, and they make you happy. They push you to the peak of the Fulfillment Curve.
  • Overconsumption. Beyond the peak, Stuff starts to take control of your life. Buying a sofa made you happy, so you buy recliners to match. Your DVD collection grows from 20 titles to 200, and you drink expensive hot chocolate made from Peruvian cocoa beans. Soon your house is so full of Stuff that you have to buy a bigger home—and rent a storage unit. But none of this makes you any happier. In fact, all of your things become a burden. Rather than adding to your fulfillment, buying new Stuff actually detracts from it.

The sweet spot on the Fulfillment Curve is in the Luxuries section, where money gives you the most happiness: You’ve provided for your survival needs, you have some creature comforts, and you even have a few luxuries. Life is grand. Your spending and your happiness are perfectly balanced. You have Enough.

Unfortunately, in real life you don’t have handy visual aids to show the relationship between your spending and your happiness; you have to figure out what Enough is on your own. But as you’ll see in the next section, because we’ve been conditioned to believe that more money brings more happiness, most people reach the peak of the Fulfillment Curve and then keep on spending.

So,yes,money isn’t everything in life, but smart professionals ensure that they make what they’re worth–and they understand that it’s no one’s job but their own to make that happen.

Here is 7 ethical tips to earn more:

1. Make yourself an expert
When you know more about your field than anyone else, and do your job better than anyone else could, you distinguish yourself from others through your expertise. Companies place high value on true experts. They obtain promotions and pay raises more easily, and set an important example for other employees.

2. Be enthusiastic
One of the most powerful attributes you can take to work is enthusiasm. Some days you may feel apathetic, but remember what Dale Carnegie said and repeat it over and over to yourself: “If you act enthusiastic, you will be enthusiastic.” Stay positive and energetic, and cultivate your excitement for the tasks at hand. You’ll turn dull days into bright ones, for yourself and those around you, and attract the attention and approval of leadership.

3. Make friends
To increase your earning power, expand your sphere of influence–up, down, and side to side within the organization. Take interest in the people around you, and learn to cooperate with everyone you come into contact with. When your relationships are strong, you’re generally a more effective employee who holds more value in the eyes of leadership.

4. Pick the right company and the right position
It’s amazing how many people take jobs and expect more pay than the job is worth. You’ll never earn as much as you want if you’re working in a field, in a role, or for a company that simply can’t match your expectations. Before you worry about earning what you’re worth, take an honest look at the pay ranges in the industry, whether there’s room for advancement at the company, and how stable the company is. These other tips will go to waste if earning more where you are isn’t realistic.

5. Capitalize on your strengths
Similarly, be honest with yourself about what you’re good at and what you aren’t, and which of your strengths are most likely to bring you a competitive salary. If you’ve never done more than boil water, it’s going to take you ages to earn a comfortable living as a chef. Discovering which strengths you want to build and which are worth most to employers (in the short or long term) can take deep self-examination and some research, but doing that analysis will pay off in the end.

6. Work hard
Maybe this one seems obvious, but it bears repeating: There’s no substitute for hard work. I’ve never known a successful person who didn’t have the ability to put devoted effort into his or her job. The best way to work hard is to also work smart: to be ready to be industrious, and to allocate your energy to the right tasks without wasting time on busywork. When I was young, I asked my mentor what made happiness. His answer was simple: “Accomplishment.” So, in addition to helping you make a case for a higher salary, hard, smart work will also give you a more lasting source of happiness: the satisfaction of a job well done.

7. Ask for a raise
The final tip is the one to use once you’ve deployed all the others: Simply ask for higher compensation. Be ready to back up your request with compelling evidence for why you deserve the raise. If you make a good case for how you benefit the organization, your request is likely to be taken seriously.

 

But always keep in mind ,

It’s More Important to Be Happy Than to Be Rich

 
Taken from :

  1. http://www.inc.com/john-treace/want-to-earn-more-money-follow-these-7-tips.html
  2. https://www.safaribooksonline.com/library/view/your-money-the/9780596809430/ch01.html
  3. http://outofyourrut.com/why-earning-more-money-is-more-important-than-frugality/

 

 

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