262: Creating Possibilities–and More Money–in Your Life (7 Steps to Wealth, Step 5: Earn)

We’re officially at (almost) everyone’s favorite step: Earn! This is what most people think about when they imagine building wealth. After all, more money seems like the obvious solution to financial problems, right? Increasing the dollars that come into (and stay in) your accounts is definitely an important piece of the wealth building puzzle, but it will only solve your financial problems IF the other Steps to Wealth are looked after.And.Earning money is exciting! It creates possibilities, and I promise you will find possibilities everywhere when you start looking for them.In this episode, I talk about what gets in the way of people making more money, give ideas to help you earn more as an employee or a business owner, and share stories about people who have leaned into the Earn step to increase their wealth–and change their lives for the better. ✨ The purpose of this step is really to start thinking about earning as the intersection between your thoughts and your choices, so you can understand the changes you need to make if you want a different result. My goal is to leave you inspired to think outside the current box you’re building wealth in–because I KNOW you can find new, creative ways to increase your earnings and achieve financial freedom… on your terms.Here’s what you’ll learn in this week’s episode of Love, your Money:

• 04:39 Why many high earners don’t retain (or grow) their wealth, and why increasing your earnings requires intentional choices 
• 08:15 How your Money Operating System® impacts your earning potential, and common misconceptions about becoming rich 
• 11:11 How to build wealth as an employee even if getting a raise isn’t in the cards, and finding income outside of your paycheck
• 14:55 Ideas to increase your earnings as a business owner–beyond raising your prices 
• 16:45 Stories of people successfully increasing their earnings while working in a non-profit organization, as a real estate agent with “lumpy” income, and a public works employee
• 23:40 The three principles our client Katie embodied to increase her earnings by 300% (yes, really!): intentionality, curiosity, and being okay with getting uncomfortable, especially in negotiations
• 30:25 How to overcome negative thoughts that limit your earning potential, and why the people you surround yourself with matter for your money
• 31:15 Where the rubber meets the road: Opening the door to your unique possibilities and stepping into your power 

Show NotesTo get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/creating-possibilities-more-moneyFollow Hilary on:TwitterLinkedIn

Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. Prior to implementing concepts discussed in this episode, you should discuss them in detail with an advisor, accountant, insurance broker or legal counsel. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.