The Secret They Never Taught You In School: How to Double or Triple Your Income

Many of us would love to double or triple our income, but most of us think it’s impossible. We believe that the only way to increase our income is by finding a higher paying job or working more hours. However, the truth is that there is a secret principle that can help us lift the limit on our income. This principle is simple, but it requires a shift in mindset to fully understand and implement. Once you grasp it, you will be able to double or triple your income while working the same amount of hours or even less.

Why Is Your Income Limited Right Now?

If you’re like most people, you’re probably trading your time for money. This means that you work a certain amount of hours and get paid accordingly. Whether you’re the janitor or the CEO, your income is based on showing up to work. Your income is limited by the number of hours you work and the amount of value you provide.

How Can You Increase Your Value?

Although the janitor and the CEO work the same amount of hours, the CEO will always get paid more. This is because they bring more value to the company. Trying to work more hours is simply going to get you burnt out and stressed, and it won’t help you increase your income. The key is to increase your value. For some people, this means going back to school to get fancier degrees or doing extra training. Although these things can help increase your income, unless you’ve dramatically changed your education level and experience, it’s going to be hard to find a job that doubles your previous income.

Why Does the CEO Get Paid the Most?

The key principle that will lift the limit on your income is leverage, which is the ability to do more with less. Both the CEO and the janitor get paid based on their results. However, the CEO produces a more valuable result because of the leverage they have. They control an entire company and the results it produces while the janitor only controls the results of their own hard work.

How Does This Apply to Your Income?

If you want to double or triple your income, then you need to create more leverage. If you look at the structure of a company, you’ll see that employees get paid the least and then middle management gets paid more. This is because they have the leverage of employees to create a greater result than just doing the work themselves. It works its way up the company structure until the CEO, who earns the most because they leverage everyone.

The Danger of Climbing the Corporate Ladder

Although climbing the corporate ladder can help you increase your income, it’s not always the best option. Someone else can hold you back or lay you off even when you’ve done nothing wrong. The other way to achieve leverage is to look outside your job and put some time into building a business or growing your investments.

How to Really Double or Triple Your Income

If you really want to dramatically increase your income, then you need to increase your leverage. This is not an overnight process, as you need to learn more skills and take action to achieve the results you want. However, the sooner you start, the sooner you’ll see results. In ten years, you may have gotten a few salary increases, but you won’t have doubled your income through your job. However, in ten years, you could use your spare time to build a business and investment portfolio that doubles your income.

Being Leveraged vs. Creating Leverage

At the end of the day, there are two types of people in this world: those that are being leveraged and those that are creating leverage. It’s up to you which one you want to be. By growing your own business, you are starting out in the CEO and business owner positions. That way, you are building a system that can leverage other people’s money and time to create bigger results than you ever could alone. You could also take your money and invest it in real estate or the stock market to obtain financial leverage.

Conclusion

Doubling or tripling your income is not impossible. You just need to understand the key principle of leverage and then create more of it. This is not a quick fix but a long-term strategy that requires commitment and hard work. Don’t limit yourself to the idea that your income is based on the number of hours you work. Instead, focus on increasing your value and creating leverage in your life.