http://www.freemoneyfinance.com/2008/01/how-ive-grown-m.html
It suggests a strategy for growing your income, based on the authors twenty years of experience. The strategy can be summarized as follows
- Get a professional qualification.
- Actively manage your career.
- Ask for raises
- Promote your work and contributions, especially to your bosses
- Outside of work, expand your skills and contacts
- Switch to higher paying jobs
- Don’t settle for the initial offer in any negotiation
- Turn your hobbies into income
- Spend less than you earn and utilise the power of compounding growth.
Though I did not have the specific intentions his strategy suggests, I did have the goals of retiring early, earning a "large" salary (which I eclipsed three years ago and replaced with a new goal) and now my more ambitious goal of attaining NZD 1,000,000,000!
My strategy can be summarized by this simple statement.
Set goals and when you reach them, set new and more ambitious ones.
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