1. Asking for Money – Salary
One of the most important things to keep in mind when it comes to your salary is that if you don’t ask, you don’t get it. Many people assume that their employer will simply give them a raise when it is due, but this is often not the case. If you want to see a significant increase in your salary, it is important to be proactive and ask for it. One important factor to consider when negotiating your salary is the value that you bring to the company. If you have been consistently delivering high-quality work and have been instrumental in driving the success of the company, then you have a strong case for asking for a raise.
2. Progressive vs Regressive Companies
When looking for a job, it is important to consider whether you want to work for a progressive or a regressive company. Progressive companies are typically more open to freelancing and allow their employees to work remotely. On the other hand, regressive companies are often more traditional and may not offer the same level of flexibility. If you value your freedom and independence, then it is important to look for a progressive company that will allow you to work in a way that works best for you.
3. Better Degree – Akshat’s Example
Another important factor to consider when it comes to increasing your salary is your education. Akshat is a great example of how a better degree can lead to a significant increase in your salary. After getting an Insead degree, Akshat was able to increase his salary by 5 times. This just goes to show how important it is to invest in your education if you want to see a significant increase in your salary.
4. YouTube or Podcasting
If you have a talent for creating content, then YouTube or podcasting may be a great way to monetize your skills. With 25,000 subscribers, you can potentially reach 25,000 companies that may be interested in your content. Podcasting is also a growing industry, and if you are able to create a niche podcast, you can potentially reach a large audience and make a significant amount of money.
5. Books and Academia Publishing
Self-publishing is another great way to monetize your skills and share your knowledge with the world. If you have written a book or have academic expertise, then you may want to consider self-publishing. You can also reach out to influential individuals in your field, such as Akshat and Warikoo, and ask for a shout-out. This can help to get your book or academic work in front of a larger audience and potentially lead to more opportunities for you.
6. Investing
Investing is another great way to increase your wealth over time. By investing 10-12% of a 250,000 salary, you can potentially make an additional Rs 25,000 per year. This may not seem like a lot at first, but over time, it can add up to a significant amount of money. Whether you choose to invest in stocks, real estate, or another asset class, it is important to do your research and make informed decisions.
7. Startup Rentals – AirBnb Business
Starting a rental business, such as an AirBnb business, can also be a great way to make money. However, it is important to keep in mind that this may be a full-time business and may demand a lot of time and effort. If you already have a job, it may be a good idea to get someone else involved in the business, such as a spouse or a sibling who is not working. This can help to reduce the time and effort required to run the business, and can also provide a source of additional income for your family