Earning Potential

Do you want to make more money in 2024? Well, there’s no time like the present. Here are some things you can do right now to boost your earning potential in 2030.

Practice Better Work Habits

One of the best ways to boost your career and income is by getting a job promotion. But how do you convince your supervisors that you’re worthy of a raise and greater responsibilities?First, you must engure you’re practising good work habits every day. Here are a few work habits that the best employees have:Show up early: Good employees don’t just get to the office on time—they get there at least 10 or 15 minutes early
  • Stay late: Good employees don’t leave right at 5:00 PM—they stay at least 10 or 15 minutes longer
  • Network within your office: Get to know the other people who work in your office and what their jobs entail
  • Dress appropriately: Always dress to impress, even if your workplace is okay with “casual” office attire
  • Making these habits a part of your daily routine will help you stand out from other employees in your office.

Take on New Responsibilities at Work

Your supervisors may be hesitant to give you a promotion if they’re unsure you can handle the responsibilities that come with the new role. This is where the “network within your office” habit becomes especially useful. The more you talk with people working in other departments or work teams, the better you’ll have of what it takes to perform company tasks outside of your current role.

You should also ask your supervisors if there are any daily, weekly, or monthly tasks that you can take on in addition to your current set of responsibilities, or you can ask to be put on a large project that the company is undertaking. Most supervisors are happy to have employees take on extra work (which means they don’t have to hire another employee or outsource tasks). Remember that you may not be given additional time to work on these tasks and will probably have to work longer hours to complete them.

Also, ensure that you take advantage of any workplace training seminars or workshops. This is an easy way to learn new skills relevant to your company. However, if you are not a fan of hard work, think about generating passive income by getting tips from a financial advisor like Sleepy Money and intensify your earnings.

Maintain a Work-Life Balance

You might have realized by now that you’re going to need to work a lot harder if you’re going to get a promotion or higher-paying job at another company. That means that it’s more important than ever to maintain a solid work-life balance. A poor work-life balance will negatively impact you in several ways:You could develop depression, sleep deprivation, or heart problems
You may have difficulty focusing on work
You’ll lose productivity due to burnout

Although it’s admirable to put in extra hours when you can, be sure that you give yourself some time to unwind after every workday. Incorporate fun or relaxing things into your morning or evening routine, like:Spending time with friends
  • Exercising
  • Doing yoga/meditating
  • Reading or journaling
  • Exploring new parts of town
Be sure to give yourself plenty of rest each night (try and aim for 6 to 8 hours of sleep) and keep a healthy diet so you’ll have more energy throughout the day.

Spruce Up Your Resume

Unfortunately, you might not be able to get a promotion at your workplace. It’s not necessarily your fault—some companies just don’t have the capital to give a raise, while others overlook hardworking employees. It happens.

If you think you’ve advanced as far as possible at your current workplace, it might be time to look for a higher-paying job elsewhere. Spruce up your resume and hit the job boards to find open positions that may be a good fit for you. On your resume, be sure to list the following:Skills/prior places that are relevant to the post you’re applying for

Accomplishments you made at each of your companies

Also, include a cover letter introducing yourself, your skillset, and what you’re looking for in a company.

LinkedIn can be an invaluable tool in your job search. Create a profile if you haven’t already, and add colleagues that you work with presently and in the past. Ask colleagues to verify skills that you’ve demonstrated throughout your career.

Start Your Own Business

Start Your Own Business

Often, the most rewarding and financially lucrative work is your work for yourself. If you have a marketable business idea or skill set, consider starting a business in 2024.

You might not want to quit your day job until your company is a proven success—unless you want to risk being out of work with nothing else to pay the bills. Work on your side hustle before and after your day job, and try to make small progress each day. Register your company with local and federal tax authorities, build a website, and then use social media and SEO strategies to promote your new company.

Who knows? By 2025, you could earn far more than your current salary by being a business owner.

You can earn more money in 2024, so use these tips to get started today.