meta_pixel
Tapesearch Logo
Log in
ChooseFI | Financial Independence Podcast

338 | 10 Ways to Increase Your Income

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Careers, Investing, Business

4.85.2K Ratings

🗓️ 16 August 2021

⏱️ 69 minutes

🧾️ Download transcript

Summary

Most people obsess over cutting expenses, but there's a floor to how much you can save — and no ceiling to how much you can earn. Brad and Jonathan team up with Alan Donegan from Rebel Business School to flip the script on traditional personal finance advice, mapping out ten concrete strategies to increase your income without sacrificing what makes life worth living. Key Insights Financial Independence Is Not About Deprivation True financial independence should enhance your life, not restrict it. Focus on earning more to enjoy meaningful experiences. [00:07:07] Asking for a Raise Remember: "You don't get what you don't ask for." Document your accomplishments when requesting a raise. [00:14:46] Building a Side Hustle Explore hobbies that can become a business! This can lead to supplementary income while doing something you enjoy. [00:19:50] Changing Careers If you're not satisfied in your current job with low earning potential, consider transitioning to a different career that excites you. [00:26:19] The Value of Skills Skills unlock opportunities. Developing marketable skills can significantly impact your income and career prospects. [01:02:07] Negotiation Is Key Becoming a better negotiator can change your financial scenario dramatically, as it applies to many life aspects beyond salary discussions. [00:45:18] Public Speaking Improving your public speaking skills can boost confidence, which is crucial in many career paths and social settings. [00:53:47] Enhancing Efficiency Increasing how efficiently you complete tasks can stand out to employers and help you manage your personal projects better. [01:02:25] Chapters [00:00:00] Introduction and Overview [00:01:33] Importance of Increasing Income [00:12:11] Strategies to Increase Income [00:12:47] Asking for a Raise [00:19:50] Building a Side Hustle [00:26:19] Changing Careers [00:32:01] Becoming a Contractor [00:38:43] Adding More Value [00:45:18] Becoming a Better Negotiator [00:48:06] Learning to Sell [00:53:47] Becoming a Better Public Speaker [00:59:08] Developing Marketable Skills [01:02:25] Increasing Efficiency [01:06:36] Conclusion and Final Thoughts Action Items Ask for a raise by documenting your successes. [00:14:51] Create a side hustle based on your passions. [00:20:13] Focus on adding value to your workplace to secure job security and promotions. [00:39:01] Notable Quotes "You don't get what you don't ask for." [00:14:46] "Financial independence is not about deprivation." [00:07:07] "You can have anything you want in life if you help enough other people get what they want." [00:38:10] "The extraordinary belongs to those that create it." [01:06:36] "Skills unlock the world." [01:02:07] Related Resources Rebel Business School - A platform to learn entrepreneurship without debt. ▶ Listen Next: Ep. 339 — Financial Goal Completion and Follow-Through | Essential Listening

Transcript

Click on a timestamp to play from that location

0:00.0

All right, everyone. Today we're going to talk about 10 ways to increase your

0:03.2

income with our good friend, Alan Donigan, host of the Rebel Entrepreneur podcast.

0:07.3

Welcome to the ultimate crowd sourced personal finance.

0:10.8

Show this is Tuesday.

0:12.1

Bye.

0:13.2

You're listening to choose.

0:14.6

I radio.

0:17.8

The blueprint for financial independence lives here.

0:20.5

If you're looking to unlock the secrets to financial independence and early retirement,

0:33.6

you're in the right place.

0:35.5

Stay tuned and join a community of like-minded people who are getting all finance to

0:39.6

be here and taking control of their lives in the pursuit of financial independence.

0:44.6

Choose FI your home for financial independence on live.

1:01.0

All right, guys.

1:01.5

So we have this equation, right?

1:02.6

What you earn minus what you spend is equal to the difference to the gap.

1:05.6

And you know, you can focus on any one, any one of the pieces of this equation.

1:09.8

We can focus on earning more.

1:10.8

You can focus on spending less.

1:11.9

We can focus on all the different ways that we can reinvest that income, hopefully to

1:15.5

increase our wealth or increase passive income.

1:18.2

The investing, you know, invest the difference.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.