How I Grew my Income by 300% in just 365 Days: A FREE Step by Step Guide - Keyur Sangani
Read Time: 4 mins
Introducing Myself and My Story
When I graduated from college, I didn't have any specific plans for my career. I just took whatever job came my way, and eventually landed a position with a Fortune100 Company.
My journey there was amazing - I learnt, blended and immersed myself completely in what I was responsible for. Both my professional and financial growth were staggering.
But after 2.3 years, I was terminated with no experience/resignation letter. Yes, I GOT FIRED and all my 4.5 years of work ex went in vain. The following 6 months were a rollercoaster. Swamped with endless rejections and negativity from around 20 interviews - not because of skill but credibility.
This was the WORST and the BEST phase of my life.
WORST because of the suggestive influences, stress, pressure and anxiety, etc. BEST because I started to ignore the noise and reflected within and got introduced to a version of myself, I’d never met before.
Why I Decided to Grow My Income
I was coerced into joining a company by compulsion (because of the circumstances) and took a 250% CTC drop. And during my time there, I had 3 profound realizations.
I gave myself a target of growing my income by 300% in 365 days because I was hungry to reach and cross my ex-peak career phase as soon as possible.
My Step-by-Step Guide to Growing My Income
So, how did I go from X to 3X in a year?
It was a combination of many things. But if I had to boil it down to few things, it would be these:
How I Made Extra Income Streams
So, there's a little something for everyone, and I'm confident that you can find something that fits your needs and helps you grow your income.
My Top Tips for Growing Your Income
Don't get stuck in organizations giving you 7-10% annual hikes for years. If you're looking to grow your income, switch to start-ups. They may be chaotic, but they're also where the real money is. Plus, you'll have the opportunity to learn and develop new skills.
Another thing you can do is invest in your strengths. Deliver more value than you're expected to and improve your negotiation skills. When you can provide real value and back it up with a strong negotiation strategy, you're in a much better position to earn more money.
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Start investing as soon as you can. Learn about personal finance, how the economy works, and the stock market. The compound effect has insane results in the longer run. And when it comes to investing, the earlier you start, the better.
Last but not least, start a side hustle around that one thing that you're obsessed about. For me, it's helping people with unblocking their internal conflicts and unlocking their true potential. It may not be glamorous, but it's something that I'm truly passionate about and it's helped me grow my income slowly and substantially.
Summary
You can grow your income by 300% in 365 days and much more too by following these simple steps:
1. Choose a side hustle that you're passionate about.
2. Dedicate yourself to learning everything you can about your chosen side hustle.
3. Don't be stuck in jobs giving you 7-10% annual hikes. Switch to start-ups for better learnings, faster growth and good hikes. (Start-ups are chaotic, this worked for me, might not work for everyone)
4. Learn about Economics 101, Personal Finance and start Investing in Equity, Index Funds, Real Estate, SGBs, etc. Its compound effect will be insane in the longer run
5. Hard work alone cannot take you to heights. You need to work SMART as well
6. Double down on your strengths and deliver more value than what you're expected to
7. Don't listen to the external noise. Reflect within and you'll find answers that you won't from all the advices and experts out there
Conclusion
To begin with, you first need to realize your income potential. If you don't believe that you can make more money, then you never will. So, change your mindset and start thinking big. Once you've identified your income potential, it's time to start taking action.
Everything begins from the mind. If your beliefs aren't aligned with what you want to achieve, no matter how hard you work, you'll always find your desires out of reach. That's why it's so important to get clear on what you want and stay focused on your goals.
I love this quote from Naval Ravikant:
"Leverage is in Unique Knowledge. Efforts are driven towards finding and creating that Unique Knowledge."
So don't rely on jobs as the only source of income. Start developing multiple sources of income if you want to be financially free in next X years.
I hope this guide gives you some courage to get out of your comfort zone and initiate towards finding and creating your "Obsession" or "Unique Knowledge." With a little bit of conscious and repetitive effort, anything is possible.
Follow?ME ?for more such inspirational content, informative guides on how you can unlock your true potential and discover your highest form.
UPGRADE YOUR MINDSET, SET HIGH STANDARDS and HAVE A MEANINGFUL LIFE!!
Team Lead - Small Business Implementation at Birdeye | SaaS | Ex-Cvent | Ex-Dell
2 年Inspirational, really proud of you!??
Senior Account Executive at SurveySparrow
2 年This was quite insightful Keyur!