It’s not about Income …

By David Wright

Everyone thinks Income is the Magic Pill that will solve all money problems.

They think like this:  ‘If you have money problems you must go and earn more money!’

That sounds like it should work… there is some logic in there, but unfortunately millions of people have tried it and found it did not work for them.

Don’t get me wrong – I encourage you to go and earn as much as you possibly can, but please don’t fall into the same trap that millions of people have fallen into – the one I have dedicated many years of my life to helping people avoid. Don’t work on increasing your income without also making sure you have a plan for your expenses.

Your cost of living will rise with your income and you will remain in the financial doldrums no matter how much you earn, unless you take care of the expenses side of the equation.

If you don’t believe me, just this morning I had a phone conversation with a financial planner who rattled off the circumstances of half a dozen people who need desperate financial help even though they all earn well in excess of $100,000 a year.

Every one of them has problems with debt and is stressed about money. So it is not something I am just saying, it is a real misconception. High income must go hand in hand with the other things I have been talking about recently!

The way I see it, before you can be satisfied with ‘more’ you need to know how to be satisfied with ‘less’. If you are not able to live within your means and be happy without lots of money, having lots of money will not change the outcome!

Or another way of looking at it: You need to treat money like air. There’s plenty of it out there so you don’t have to go around stressing over it. Just use it sensibly as required and work on increasing your lung capacity!

Okay, that’s enough said about the danger of falling into the trap of earning more and prospering less. Assuming you can get that right, this post is all about looking for ways to increase your income so you can generate wealth.

If you currently have a job and want to earn more you need to consider how that is going to happen. The first dilemma is to decide “What will you do?” followed closely by “When will you do it?”

Unless you are prepared to use time outside of normal work hours to generate the income that will set you free you will find it very difficult to improve your situation.

Since I was a young lad growing up on a farm I have earned money in more than 34 different ways. I started out doing jobs around the farm for pocket money, went on to delivering newspapers and packing groceries in my later school years and then into full time employment. Since I left school there has never really been a time in my life where I had only one income source.

Why would I tell you that? Because I want to make the point that you could find ways to increase your income if you asked yourself what else is possible (you only need one, not 34).

If you love your job, look for problems at work that need solving and volunteer to be responsible for solving them (you don’t necessarily have to do all the work, just put in extra time and be in charge of finding the solutions). Make yourself stand out. Always be on the lookout for new opportunities and not necessarily at your current place of employment.

If you don’t like your job, find a problem to solve outside work that you could get excited about and do something about it! Turn that into additional income. You don’t have to look far to realise there are problems everywhere that need solving.

Now while we are talking about earning money outside your normal work, did you realise you are one of the most blessed people to ever walk the face of planet earth? There has never been a better time to start your own side hustle than there is right now because of the internet. Right now anyone can start a business from home that’s based on just about any topic you can think of and the best part about that is if you need to continue your current work while you start developing your additional income streams, the web is the easiest place to do that. You can work from your home after hours one step at a time!

I recommend you think about your hobbies and passions, and start thinking about how you could turn that into your own part-time business. That could be anything from creating information products to selling hard products or just having a website with lots of great information and allowing advertisers to place their adverts on your website.

Of course if you’re thinking you need to develop an extra income stream because you’re struggling with your day to day finances right now, why not consider getting a Spending Planner to help you. You’ll find trained Spending Planners who are extremely passionate about helping people like you. The benefit will be far more than the outlay and what you learn during the process will benefit you for the rest of your life! Simply go to

On the other hand, if you already have a Spending Plan, your finances are not under stress and you know what I’m talking about, you may be interested in joining the team. If you would like to feel the satisfaction of helping someone else turn their life around and create your own business in the process you might want to consider becoming a Spending Planner too. Find out more, go to

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