12 Things We’d Better Avoid Doing If We Want to Start Making More Money
Bernard Shaw once said that this world is full of idlers who don't want to work and just want to make money, while those who are ready to work never get rich. If you work hard but your salary still leaves much to be desired, you have to change something. Let's figure it out together.
Bright Side got acquainted with successful businessmen's biographies, professional coaches' advice, and science-backed research; and gathered 12 things that may be holding us back from earning more money.
12. Underestimating your professionalism
In her book, Secrets of Six-Figure Women, Barbara Stanny says that women who don't earn a lot have many features in common. They're ready to settle for a lower salary and very often underestimate themselves as professionals: they think that they're not qualified enough for this or that position. Many of them are afraid to take responsibility and treat their achievements like an accidental coincidence or just good fortune.
- Sometimes it's good for women to model themselves after men because men often overestimate their professional abilities. That's what helps them achieve their goals.
11. Working for free
Amy Morin, the author of13 Things Mentally Strong People Don't Do, thinks that working for free indicates a lack of professionalism because you spend your time, knowledge, and abilities, and contribute to a company's prosperity. All work should be paid for, and such an offer may be accepted only in exceptional cases.
- Ask yourself: does your gained experience exceed all the effort that you've spent? If yes, working just for the sake of gaining knowledge and experience makes sense. But don't let this period last too long.
10. Being afraid of asking for a promotion
Female employees often avoid speaking about a promotion with their boss because they're afraid of discontent and condemnation. But such conversations are a must if, for example, your responsibilities have expanded and your salary hasn't changed.
- According to statistics, it's better to ask for a promotion on a Friday in the first half of the day. Mondays, lunchtime, or morning coffee breaks are not the best times to have such conversations. Of course, it depends on one's personality, their character, habits, and so on.
9. Forgetting that time is money
Information Technology Researcher, Peter Cochrane, claims that there are only 2 types of people in the world: those who spend their time to save some money and those who can spend any sum of money to save some time. And people of the second category are more productive.
- Imagine that you have to pick up something that is far away from you. For example, you'll spend 2 hours and $1.00 to get there. You also could order a courier and pay $5.00. The first variant seems to be more favorable but in fact, if your working hour costs $10.00, it's better to spend this hour working.
8. Staying late at work
Presenteeism is a situation when a person spends more time at work than they actually should, even if they're ill. There are lots of reasons for doing this: an inability to manage your time, an urge to show that you're a super responsible employee, or having confidence in your own indispensability. Anyway, such behavior won't help you to earn more.
- Sheryl Sandberg, the only fema COO that works for Facebook says, "Facebook’s regular hours were often all-nighters. If I had just stayed there all night because that’s what everyone did, I would have been exhausted. I would have decided that I was a bad mom, and eventually I would have quit. The other way it could have worked out was if I could come in early, work the hours I wanted to work, leave at 5:30 pm, get back online — which is exactly what I do to this day — and see if it worked out."
7. Looking ahead instead of looking around
Many people working at the office try to climb the corporate ladder only upward, without looking around. Jayson DeMers, AudienceBloom founder, and CEO thinks that on the one hand, it's good, but such tunnel vision limits your personal development and prevents you from earning more.
- The interest in other spheres that don't correlate with your work will contribute to your success even more. Firstly, it can bring additional income, secondly, people who are interested in the whole world are likable and reach the highest results faster.
6. Not asking yourself the most important question
What do you think about your job? If you had a lot of money, would you still work there? If the answer is no, think about what you would rather do and how it would help you earn money.
- Why is this so important? If you love your job, you'll perform it with great pleasure and excitement, helping you to grow productivity. And your boss who notices your sincere devotion and enthusiasm will be interested in your professional growth. A disappointing job won't make you rich.
5. Considering money to be the main goal
Of course, money a great motivator but one's success and development shouldn't be based on this alone. If a boss has to choose between a candidate that only wants to get money and a person that is eager to help the company achieve new aims, they'll likely prefer the latter. Money isn't an aim but an instrument, and the most unreasonable thing would be to earn money just for the sake of earning money.
- You should be interested in what you're involved in. Your sincere passion will be noticed and your chances of a promotion will grow as well. And you'd better spend some extra money on your hobby - you'll become even happier and more productive.
4. Living an ordinary life scenario
People usually say, "It's enough." And as a rule, such a stance on life is a reason why inertial thinking happens: when you always walk the same route and don't try to explore other ways.
- Nothing stands still, the world always changes. You earn enough today but what if suddenly you want to drink coffee and eat croissants in front of the Eiffel Tower, or start thinking about having a baby. Realizing this fact stimulates one's urge to work while their income grows. Each day, try to do a bit more than you did the day before.
3. Using work to hide from relationship problems
Sometimes we look for shelter at work to hide from our everyday problems. Such a decision can have a short-lasting effect but it can't help all the time. It's rather difficult to work when you are preoccupied with different personal issues. Research confirms: happy people earn more than their sad colleagues.
- It's not the best decision to hide from your problems at work. You'd be better off to resolve all of your personal issues and conflicts so you can get back to work with a clear mind and be happy while enjoying your life.
2. Paying no attention to your appearance
Exeter University and Harvard Medical School specialists concluded that tall and skinny people earn more than their small colleagues with excess weight. Scientists think that tall and skinny people possess better developed social skills, their emotional intelligence level is higher, and they're even more confident.
- The results of this research serve as great motivation to go to the gym, keep to a diet, and pay more attention to your health. If you're not very tall, high heels will probably help.
1. Doing only things you're expected to do
Richard Branson says that it's very important to exceed customers' expectations instead of just meeting them. This strategy is useful in lots of aspects of life because things we don't expect to happen, cause the strongest emotions.
- To show interest in your professional growth, try to do a bit more than everyone expects. Take the initiative if you see your idea is going to optimize the working process. It's just like the cherry on top of the cake: unexpected and pleasant.
Bonus: So how can you earn more?
Hayes advises this: turn your hobby into a source of income, take up freelance work, try online courses and learn something new, become a blogger or create a youtube channel, present your idea at a Kickstarter platform, and so on.
Of course, there are situations when these tips won't work. Like if your boss just doesn't want to appreciate your achievements, for example. Do you think it's worth it to keep going on this path? You're probably missing the chance of taking a risk and finding something better.
Do you like your job? Would you like to change anything? Share your thoughts with us.