How to Earn More Money

Some readers left a couple great comments on my post titled The Richest Man in Babylon: Seven Cures for a Lean Purse Part 7, Increase Thy Ability to Earn. Here's the first:

I completely agree about focusing on your career and becoming an expert at whatever you do. I have struggled with wanting to dabble in various areas of life, which is not a bad thing, but to become successful you must love what you do and be an expert about it. It is absolutely true that your income and career is your greatest wealthy building tool.

Education is important, but how you apply that education is essential to it being effective. You can have an MBA, but if you are not great at working with people, motivated, and passionate about what you do, you will never use that education to its fullest extent.

Yes, you need both -- an education and the abilities to make the most of it in the workplace.

Here's the second comment:

Being an expert in a particular area generally involves excellent skills at a very small number of things. However, it also involves a minimum level of skill at various peripheral things. For example, no matter how technical your area of expertise is, being able to communicate effectively about it is a skill worth cultivating. I personally find little need to speak to large audiences, but I can't ignore the need to communicate in writing and speaking to small groups.

Furthermore, it is never a mistake to understand how your employer and/or customers make money. Know what they make a profit at and what is costing them. Your value to them lies in how you can improve that bottom line, either by increasing profits or decreasing costs.

This is good advice too and I agree with it 100%. Apply it to your career and you'll be much better off than if you simply let your work performance "happen" around you.

The bottomline remains the same:

Your career is your most valuable financial asset, offering you many financial benefits. You can make the most of it by getting a college degree and managing your career to its full potential. Doing this well can earn you millions of dollars in extra income throughout your lifetime.

For additional ideas on how to earn more money, see the Free Money Finance Guide to Making More Money.

Comments

Folks, it's all about maintaining people's dignity. That's what probably helps as much as the money that comes from having a job. So I say sure, give people options to make some money from home, if they can.