There are only two ways to get rich in my estimation.
- The one-two: Spend less than you earn and invest the rest
- Win the lottery
For most of us the the second option will never be but a pipe dream, but for all of us the first option is feasible. I’ve been thinking about ways lately to increase my income, from starting this blog to scouting job opportunities at other companies. But honestly, I like where I work. I don’t hate it!
I work with MONEY in the financial sector under a Financial Advisor who I respect and who I can see myself working for for a long time. Within a year of being hired as the receptionist at a New York branch, I passed both the Series 7 and the Series 66 tests. I was promoted to the position of Registered Client Services Associate and negotiated a 21% salary increase at my first 6-month review. In addition, I’m currently enrolled in a Certified Financial Planner program at an online university and am slated to take the July of 2016 test. These are all things to be proud of, but I want to think bigger.
If you let your mind wander to your greatest dream, where does it fall? What kind of life do you want to live?
Working in the financial sector I see people with all sorts of money; money they’ve inherited, money they’ve earned, money they spend or save to varying measures of extremes. I see people with the type of fuck you money that I dream of making. But what strikes me every day is how much earning potential is within each of us. Every minute of every day we have the potential to make money, whether by making our money work for us in the stock market, or through creating a side hustle, or through taking steps to climb the ladder and advance our careers.
It’s that last step that I am particularly
Pleased! to! Announce!
I took this week.
Let me set the stage.
One month ago my boss forwarded me an email about an opportunity he thought I might like. It was an application to serve on a National Board of Client Associates. We would get to preview upcoming service, process, or technology projects from various Home Office groups and be among the only in the country to provide feedback in the beta testing stages.
The email read, “This is a great opportunity for licensees to recognize their top Client Associates and reward these talented individuals.”
He wanted me to apply, he wanted me to apply.
I have under one year of experience in the industry, I thought, they will never take me. Why would I apply if I will just get rejected? This and other various form of negative self-talk looped in my head until they had already rejected me. Boom, it was over before it began. No skin off my back, right?
It wasn’t until this Friday that I realized what I had done to myself. And the deadline was now fast approaching.
So I stepped into the vulnerability and I said fuck you to the fear of rejection, and I sat my ass down and wrote until I had completed the full application to the National Board. But it was hard. It was hard to change the narrative to “Why NOT me?”
I handed my rough draft to my boss with all sorts of disclaimers.
“It’s just a rough draft you can write all over it”
“It might be awful just tell me if it is”
I honestly expected him to make corrections or say it wasn’t good in certain sections. Do you all see the pattern with my thinking? I do. When he came back, and I’m not kidding you, with not one mark or correction on that page, he said, “This is perfect, I love how it reads. They’re going to want you Catherine, I will definitely be getting a call about you. And they’re going to love that you’re 22, they need a millennial’s perspective. You are exactly what they are looking for.”
After two more proofreaders had the same reaction, I was floored and I was proud. And now I goddamn want it.
But whether or not I get accepted to the position, at least I took the shot, and that’s what I want readers to take away from this article. The cliche is a cliche for a reason. You miss 100% of the shots you don’t take.
This will have an effect on your finances in life, whether it be from letting fear stop you from investing in the stock market, or from not taking to opportunity to pursue leadership positions in your company even in the face of failure.
Now I’ve gotta stop before I start throwing cliches at you.
So, what is one thing you can do in the next week to increase your earning potential?