5 Money Rules To Make More Money In 2023

Are you looking to increase your income in 2023? Do you want to take control of your finances and make more money? If so, it may be time to establish some money rules to help you reach your financial goals. By implementing these five money rules, you can set yourself up for success and pave the way for a more financially prosperous year. From saving and investing to budgeting and finding additional streams of income, these rules can help you make more money and achieve financial stability in the coming year. So, let’s dive in and explore these five money rules to make more money in 2023.

5 Money Rules To Make More Money In 2023

Here are five money lessons I learned in my early 20s that allowed me to build an 80 million dollar creative agency and how you can apply them too make sure you stick around for Point number four because that might blow your mind.

Delegation

In most of our creative pursuits, whether you’re a freelancer or a solopreneur, you’re going to essentially trade your time and your skill for money. This is how most of us grow, but there’s a finite amount of time in which you can sell. You could work weekends or really long hours, but if you keep doing that for too long (which is what I did), you’ll burn out. The only way that you can scale beyond being a solo operator is to delegate to give away some of the work that you’re doing. This is how you’re able to not only create opportunities for other people but how you’re able to grow your capacity. There are some ways I would recommend you do it and some things for you to avoid when you’re looking for someone to hire.

Shifting to Project Fees

When you’re selling units of time, what you’re really saying is valuable is your time. Most clients do not care at all how long it takes you to do something; what they do care about is what they get or the outcome of results that your work and effort achieves for them. This is why we need to shift away from hourly based pricing more towards project or value-based pricing.

Focus

We’re creative people; we like to do lots of different things. This makes us really happy but it makes it really hard to market and even more difficult to get any real expertise and authority in what it is that we’re doing. Focus is essential to truly excel in the industry. This one decision in year one of our business is what Blair end calls making the difficult business decision. It’s a decision that so many people avoid, but if you want to have a breakthrough, you have to have a powerful force to literally break through.

If you want to have a breakthrough in your creative career in 2023, these are the top money rules to follow. Delegation, project-based fees, and a focus on a specific niche are key for financial success.

FAQ

Q: What are the 5 money rules to make more money in 2023?

A: The 5 money rules to make more money in 2023 are:
1. Set specific financial goals
2. Create a budget and stick to it
3. Invest in assets that generate passive income
4. Continuously educate yourself about personal finance
5. Diversify your income streams

Q: How can I set specific financial goals?

A: Setting specific financial goals involves identifying what you want to achieve with your money, such as saving for a house, paying off debt, or building an emergency fund. It’s important to make these goals specific, measurable, achievable, relevant, and time-bound (SMART).

Q: What are some examples of assets that generate passive income?

A: Examples of assets that generate passive income include rental properties, dividend-paying stocks, high-yield savings accounts, and peer-to-peer lending investments.

Q: How do I diversify my income streams?

A: Diversifying your income streams involves earning money from multiple sources, such as a full-time job, freelance work, rental income, and investment returns. This can help reduce financial risk and increase overall income.

I hope you find useful my article 5 Money Rules To Make More Money In 2023, I also recommend you to read my other posts in my blog.

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