(Read Time 5 min)
Do you often grapple with financial stress or the problem of not having enough money? You probably look at your situation and blame it on your less-than-satisfactory job, the unpredictable world, or even limiting beliefs like lack of time or your current circumstances?
If so, it's time for a radical paradigm shift.
In reality, your financial and lifestyle wellbeing is closely tied to your skillset, more importantly, your high-earning skills. Improve your skills, your money, your resources, and your life will drastically improve as well.
In this blog post, I'll explore how fostering personal development and skill enhancement can significantly improve your financial standing, your happiness, and initiate a holistic transformation in every area of your life.
Step 1: Understanding the Core of Your Money Problem: Skills
The first step in your personal growth and development is understanding that your financial situation is fundamentally a skill problem. Not a job problem, not a family problem, not a world problem - it's a skill problem. And that skill problem starts with you.
Accept that truth. Don't wish it was easier, wish you were better.
Once you do accept that, you move from a victim mindset to a powerful creator with full responsibility over your life.
You might be under the impression that your income is defined by your job title or your industry, but the truth is that your income is bound to the value you provide, and this value is determined by your skills. Developing financial success and overall well-being, thus, starts with honing your skills, particularly those that can yield a higher income.
The goal is to work smarter not harder.
Instead of trying to fix your money problem by increasing your input of time - i.e. more shifts, overtime, longer days, 2nd or 3rd job, etc...How can you decrease your input on time and increase your output in money and time freedom? AKA Leverage.
Short answer - develop new, high income skills.
Personal growth and awareness begins with an evaluation of your current skills. What existing skills could you double down on and improve greatly? What new skill can you begin to learn? This introspection is followed by thorough research to identify which skills can provide the financial growth and eventually the lifestyle you want.
Once you find these skills, the next step involves investing time and resources in mastering these skills. YouTube, online courses, seminars, books, and resources, and mentorship are all excellent strategies to boost your high income skill acquisition journey. Dive in and become obsessed in improving your skills. Your future depends on it.
Step 2: Embracing the Transformative Power of High-Income Skills: Impact on Finances, Resources, and Lifestyle
As you embark on this journey, your effort to nurture high-income skills will start bearing fruit, bringing about changes in your finances, resources, and lifestyle.
This all does not happen over night. But what you start doing now can have a dramatic change in the direction of your future.
There is a great stat and quote that Jesse Itzler says, "18 minutes a day. That's all it takes to be better then 95% of the world in any discipline (100 Hour Rule). For example, if you practice the piano for 18 minutes a day for a year…. you'll basically be better than 95% of the world at the piano."
18 minutes a day learning a new high income skill or deepening your existing skill and in one year you're better than 95% of the world at it. That is how you open the door for many more new opportunities.
Let's examine each area that improves when you gain an high-income skill(s):
The acquisition of high-income skills leads to an increase in your financial situation. The more skilled you are, the more value you can provide in your professional sphere, which directly amplifies your earning potential.
With enhanced finances comes the freedom to access more resources like time, education, and people.
This could mean the opportunity to take back some of your time and use it how you wish. Or invest finances to further train and develop your skill, thus setting into motion a positive cycle of continuous growth.
As my mentor, Alex Hormozi, likes to teach - invest in the S&ME 500. This will give you the greatest return on your money. Furthermore, it also allows for investment in other personal growth areas, like health and quality of life.
As your skills and finances flourish, your lifestyle follows suit.
High-income skills allow for greater financial stability and freedom, leading to a richer, more fulfilled life. This transformation could entail travel, more family time, or even the ability to enjoy luxury experiences if thats your thing. Whatever your dream life looks like, it is attainable by developing new, high income skills.
Step 3: Stacking Skills and Compounding Your Growth
Personal development is much like compounding interest. As you stack up high-income skills, your life starts to compound. The more skills you acquire, the more opportunities you have to increase wealth, gain resources, and elevate your lifestyle. Each new skill multiplies your value, leading to exponential personal growth over time.
It's important to remember: your money problem isn't a reflection of your external circumstances but your internal skills. As I always preach - As above, so below. You external experience is a reflection of your internal experience. This applies to everything.
Focusing on personal growth through skill enhancement is an effective strategy for achieving your goals. Every day brings new opportunities to learn and grow. Seize these opportunities, invest in developing new skills or deepening your current skill and watch your happiness, well-being, and financial success reach new heights.
The journey towards becoming your greatest self isn't an overnight process but one of continuous growth. Be patient, persistent, give yourself grace, and watch your life transform in unimaginable ways. Create a life you love.
You're ready for this journey. You got this!