Priceless Tips on Earning More from Iwillteachyoutoberich.Com

For the last six months I have been a fan and student of the personal finance blog called "I Will Teach You to Be Rich". Ramit Sethi, the blog's founder, not only shares tips on how to "win big" in saving money on expenses, but he also includes advice on how to earn more money. Earning more money is something that most personal finance blogs only gloss over occasionally.

Ramit's blog advice differs from others in that he understands that cutting costs and not spending money only helps your finances so far before there is nothing left to cut out. The true way to become wealthy is to earn more. Earning more money is the most essential step to financial health and abundance, along with saving money and being frugal.

Iwillteachyoutoberich.com recently posted an article on the 3 easiest ways to earn more money. These tips were written in such a way that is easy to understand and analyze. The first easy way to earn more money is through freelancing. Anyone who writes for Associated Content is already earning money by freelancing.

The advantages of freelancing are the flexibility of how you can work. You can be paid by the project, by the hour or be hired by a retainer fee. Drawbacks are knowing which of your skills are marketable and obtaining clients.

Ramit's second income earning option to "Productize". This is when you create a product with your knowledge and sell it. Examples are e-books, print books, information websites or newsletters that require a paid subscription and affiliate marketing.

The advantages of productizing are that you can earn a recurring income or royalties, which translate into passive income. To read a good article on passive income, click here. The disadvantages of trying to productize is the huge amount of competition and knowing who your will buy your product and how to reach them.

The third tip to increase income shared by Ramit is to increase your existing salary. This one seems obvious, but is often overlooked. The benefits of earning more at your job increase as you get to know your boss better and stay at your company for more years. Drawbacks to concentrating on increasing salary is that you have little control over the budget of your company or how much your boss likes you (even if you are a stellar performer, there's no guarantee you will get consistent raises).

The bottom line to this Iwillteachyoutoberich blog post is that there are countless ways to increase your income and each has pros and cons. It's up to each of us to find our strengths and develop our creativity and business acumen to lead more abundant lives. Thanks Ramit for boiling it all down to an easy to understand graphic and explanation.