How to Make $100,000 a Year in Your 20s
Read the full guide here: https://goo.gl/Xu9K3R I had life all figured out when I was a kid. My plan was pretty straightforward: I was going to become a billionaire and famous after I graduated college. Then, I was going to give back to Africa. A layup, right? Well, so I thought. You see, when you’re a kid, everything seems possible. You dream about discovering your abilities to control others with your superhuman brain, and you spend hours staring at a coin trying to make it float in the air. Everyone around you says you can accomplish everything you put your mind to, and you believe them. As adults, we’ve got used to the idea that we don’t have any telekinetic abilities, but we still dream about becoming rich. I mean, look at me! I’m all grown up, and my plan of becoming a billionaire is as high as ever. Of course, my chances of winning the lottery are pretty slim, so I’ve broken down this goal into small actionable steps. Phase one: make $100,000 a year in my 20s. I have made over $100,000 a year the last three years. My career projection went something like this. My first full-time job after graduate school, I made $85,000. My second job, I made $98,000. The next year I made $130,000. Last year I made $165,000. If we are to include my side hustle income, then I made over $200,000. Three months into 2017, and I’ve already made $245,000 this year alone. After making over six-figures the last three years, and still only 28 years old, it’s safe to say I have accomplished the first phase of my goal. As a result, I want to teach you how you can get there too. But, keep in mind: the journey to making $100,000 a year is not easy. You need a strong work ethic and a lot of perseverance. Probably 99% of the people reading this don’t have what it takes to make it to the finish line. Or maybe they will, who knows? It’s all up to you in the end. Now, grab a tasty beverage, get comfortable in your chair, and let’s see how you can make $100,000 a year in your 20s.
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How to Make $100,000 a Year in Your 20s
- 1. HOW TO MAKE $100,000 A YEAR IN YOUR 20S
- 2. STEP 1 – FIND A JOB, ANY JOB A Paycheck: No matter what you’re doing, you need money. It allows you to save money for bigger plans A Sense of Identity: By having a job, you learn not only new and different skills, and principles you need to apply in your day to day life Learning New Skills: One of the main benefits of having a job is that it helps you grow and acquire new skills Meeting New People: You need to meet new people and build relationships that could help you chase your dreams Meaning & Purpose: No job in the world is without sense. It’s a valuable experience that might shape your life vision and goals HTTP://IANBALINA.COM/HOW-TO-MAKE- 100000-IN-YOUR-20S/
- 3. STEP 2 – FIND THE DIVISIONS IN YOUR CURRENT COMPANY THAT PAY THE MOST You may enter a company in a junior position, but as your skills and experience improve, you should aim higher It is well known that some divisions pay better than others So, keep your eyes out for job openings in your company and let your manager know you are interested in them Switching to a more profitable division is one of the easiest ways to increase your salary HTTP://IANBALINA.COM/HOW-TO-MAKE- 100000-IN-YOUR-20S/
- 4. STEP 3 – WHILE YOU HAVE A JOB, SEARCH FOR ANOTHER JOB On the contrary, if you quit your current job before getting another, you might become desperate You won’t afford to be picky, and employers can sense that Apply for Jobs Every 1-3 Months Make a List of Your Top 25 Dream Companies Get Informational Interviews Using LinkedIn HTTP://IANBALINA.COM/HOW-TO-MAKE- 100000-IN-YOUR-20S/
- 5. Start Your Side Business- Your business idea doesn’t have to be fancy or complicated.The main point of your business at this stage is to help you pay lower taxes, and take that extra money to re-invest into your business Learn How to Convert Personal Expenses to Business Expenses- having your own business will bring you some benefits. For instance, you can convert some of your personal expenses to business expenses STEP 4 – DECREASE YOUR TAXABLE INCOME BY STARTING A BUSINESS ON THE SIDE HTTP://IANBALINA.COM/HOW-TO-MAKE- 100000-IN-YOUR-20S/
- 6. STEP 5 – AUTOMATE YOUR EXPENSE LOGGING Sign up for a free plan using your email, this will help you do everything you need. The next step is to import all your credit and debit. From now on, any transactions on them will be automatically logged and categorized. When it comes to filing your taxes, just pull up your expenses by categories. This will make filing your business expenses incredibly easy If you need any additional information, you can simply search and filter through all your transactions each tax year with their search box HTTP://IANBALINA.COM/HOW-TO-MAKE- 100000-IN-YOUR-20S/
- 7. STEP 6 – DECREASE YOUR LARGEST EXPENSES spend as little as possible Well, decreasing your most significant expenses is part of it Lower Your Rent Decrease Your Car Payment HTTP://IANBALINA.COM/HOW-TO-MAKE- 100000-IN-YOUR-20S/
- 8. Automate Your Savings Multiply Your Sources of Income Invest Part of Your Income in Your Side Business Invest Part of Your Income in Passive Income Streams and Investments with Lots of Upside STEP 7 – INVEST IN YOURSELF FIRST AND TAKE RISKS ON NEW BUSINESS VENTURES HTTP://IANBALINA.COM/HOW-TO-MAKE- 100000-IN-YOUR-20S/
- 9. Year One – Network Every Month Year Two – Start a Blog Start writing content on trending topics in your industry Year Three – Publish a Book Publish a book and start presenting it at events in your industry. STEP 8 – USE YOUR SIDE BUSINESS TO BRAND YOURSELF AS AN EXPERT IN YOUR INDUSTRY HTTP://IANBALINA.COM/HOW-TO-MAKE- 100000-IN-YOUR-20S/
- 10. Continuing to work corporate jobs, keep interviewing every 1-3 months and leverage your side business and book to keep getting higher paying jobs If your side business is taking off and bringing in more money than your regular job, you can make the leap and do it full time Improve your brand even more by reaching out to top influencers in your field, requesting to interview them for your business’s website or upcoming book STEP 9 – LEVERAGE HTTP://IANBALINA.COM/HOW-TO-MAKE- 100000-IN-YOUR-20S/