how to make $100,000 a year in your 20s
TRANSCRIPT
HOW TO MAKE $100,000 A YEAR IN YOUR 20S
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 plansA 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
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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 higherIt is well known that some divisions pay better than othersSo, keep your eyes out for job openings in your company and let your manager know you are interested in themSwitching to a more profitable division is one of the easiest ways to increase your salary
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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 desperateYou 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
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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
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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
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STEP 6 – DECREASE YOUR LARGEST EXPENSES
spend as little as possibleWell, decreasing your most significant expenses is part of it Lower Your Rent Decrease Your Car Payment
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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
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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
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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
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