How to make 100X your current income

Dear TopNaijarians,

Here’s a fun exercise for you. Imagine you earn ten times your current annual wage.

If you’re earning $25,000 currently, imagine for a moment that you to earn $250,000, a 1000% increase.

Don’t Sell Yourself Short

The first reaction of most people to that exercise is to smile briefly and then to begin thinking about why it isn’t possible. One man said to me, “If you knew how many years it’s taken for me to get to what I’m earning today you wouldn’t be suggesting that I could earn ten times as much.”

Never A Good Excuse

Mark Twain once wrote, “There are a thousand excuses for every failure, but never a good reason.”

The tragedy of the average American is that his or her main preoccupation seems to be money, or the lack thereof, and the average person has the potential to earn far more than he or she is doing currently.

Is the manager earning $250,000 per year ten times as smart as the manager earning $25,000? 10 times as experienced? Does he or she work 10 times harder? Of course not. None of these are physically or mentally possible, but there are people in every business earning many times more than others with the same average age, experience, and intelligence.

The Results Are In

A few years ago in New York, a thousand men and women were selected at random and tested for I.Q. Between the one having the highest I.Q. in this sample and the one with the lowest, there was a difference of only 2 1/2 times. But between the person earning the most (who by the way, was not the one with the highest I.Q.) and the one earning the least (who was not the one with the lowest I.Q.), there was a difference of 100X in income.

Action Exercises

Here are two things you can do to start increasing your earnings.

First, identify the highest earning, most successful people in your field and find out what it is that they are doing differently from others who aren’t doing as well. Copy them every day.

Second, set a goal to double your earnings over the next two or three years and then figure out how to accomplish that goal.

To increasing your earnings 10X (or more),

Brian Tracy