There are seven secrets in this series to accumulating gold. This is the seventh secret found in The Richest Man in Babylon a great little book written by George S. Clason in the early 1920’s. I highly recommend reading this book as there is a certain benefit from reading the stories and hearing the language. It's old, but timeless, and can help put things into a perspective that comes from a time past, where people were literal slaves, not just financial slaves like today.
You will need the previous articles before you continue, as they build upon one another.
ReCap First Four Secrets to Accumulating Gold
Fifth Secret to Accumulating Gold
Sixth Secret to Accumulating Gold
The seventh secret to accumulating gold is to increase your ability to earn. It’s easy to wonder how you’re going to be able to increase your earnings when you feel you are already maxed out. You make as much as you think you can at your job or business how can you get blood out of a turnip?
Set Realistic Measurable Goals
Before you can accomplish anything new, you must know what it is you want/need to accomplish. You must also want to do it bad enough to set real goals and then stick to them when it gets tough. Making the decision you want to be out of debt in X amount of years is great, but it’s a long term goal with no steps for getting there.
You need to have a plan. Each long term goal needs to have shorter mid range goal(s) that build up to the long term goal, and the mid range goals need to have even shorter goals to reach as you work toward your mid range goals. Doing this allows you to chart a course, and have success along the way.
Your goals need to be specific, have a deadline and be achievable. Pay off credit card one with $X.00 balance by such and such date. If this is a smaller card and a smaller goal in the bigger picture, once you have that card paid off by the set date, you have success. You feel good, gain confidence and have an increased desire to make your overall goal of being debt free become a reality.
Setting goals will help you see when you have been able to increase your ability to earn more.
Increase Your Capacity to Earn More
This may sound like the same thing as increasing your ability to earn more, but there is a subtle but profound difference. Increasing your capacity mean working on you. In order to increase your earnings when you think you’ve reached the ceiling you have to work on you. You need to work on gaining or expanding your knowledge of whatever it is you do to earn. You need to hone your skills or gain new ones that give you an edge. Once you have increased your capacity, you can then find that your boss is willing to pay more for your increased productivity. Or your customers will be willing to pay more for your services.
When you are able to increase the value that you have to offer, you can get more in return for your efforts. Increase your value to the marketplace and you will increase your earnings from the marketplace.
Do you have debt you want to pay off? I have an idea for a project to start a debt elimination support posting/group, but I need to know if there is interest. Please let me know in the comments if you would like to participate in something that could help you get out of debt. It would be structured in such a way that you would not be putting up your personal details, but using percentages instead. I want people to be able to track their progress publicly and set goals and have accountability, but not be exposed in a personal way. Comment if you are interested!
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