Increase Your Income Flow

Yes, one could say that times are tight at the moment.  The exchange rate is hardly working in our favour, school fees and groceries are ever on the increase and, somehow, sale items don’t seem as affordable as they used to be. So how are we all going to afford that next family holiday or little Katy’s school fees or, heaven forbid, a new handbag because the dog chewed the handle off your current one?   Very true!  But imagine if your focus were to shift from that anxiety, to powerfully growing your income flow?

Today I have something very special to share with you.

There are a few little steps you can take to get you on your way to increasing your income flow. It’s going to get you thinking – those cogs in your head are going to creak into action and soon enough you will have figured out how to bring in a little bit more each month. And it’s the little things that count…

Lets start with this question:

What can I do for more people at a better price with less effort?

How do I value my time?   Do I feel that I am worth more?

I love these kinds of questions – they make me challenge myself and ultimately, when I find the answers, my self-confidence gets a little boost!  Take the time to ask yourself the above.  

The steps outlined below will assist you with the clarity needed to make it happen:

Step 1 – Increase your income flow

Ok, so it is time to do your numbers!  The first step in this process is to determine where you are now.  Do this by reviewing your known expenses, that is, what you need currently.  This would be your current status update.  Where you are now equals your current budget.

Step 2 – Create

The second step is to determine where you would like to be.  How much would you like your monthly income to be?  To do this, use the Abundance Diary template to create your ideal income and spending plan.

(If you don’t have a copy of The Diary, then email me to request the template.)

Fill in your ideal amounts, in the “Estimate” column.

Add in any additional expense categories as necessary.

By drafting your ideal income and spending plan you have now created a clear target.  Where you would like to be equals your dream financial flow. Here is an example:

If you wish to save towards a holiday and are not currently doing that, put the amount that you would like to save each month into the “Estimate” column of the ideal income and spending plan.

Step 3 – Compare

Now you can compare your ideal income and spending plan total amount, to your current income.  What is the gap between your ideal income and spending plan and your current income? By identifying this precise amount you get a clear goal.  This is an important step for your income flow.

You can break your goal into smaller amounts and even set daily, weekly, and monthly goals.

Step 4 – Action

Design an action plan.

What actions will you need to take to increase your income flow?

What can you do to generate extra income?

Think passive income and how to create multiple streams of income.

Do research for opportunities that may be available.

Passion and purpose – find what you enjoy doing the most.

Collaborate with others, attend training to develop your skills or offer training to others.

Step 5 – Ask

Make a clear request – this is where the ASKING happens. Ask questions and ask for help.

Set a clear intent for that income flow!

Step 6 – Results

Review your results regularly.

For example, at the end of each week or at month end, record your results. It is important to identify the source of those results.

What worked? Whatever worked, you want to be clear about it, so that you can cause a result again.

Were your actions consistent? What did not work? This is valuable information.

You need to believe in what you are working towards. Your belief plays a big role in this exercise.  Monitor the progress and acknowledge your success.

Step 7 – Insights

This is an opportunity to learn and gain insights into your relationship with money

Remember….it is a journey!

What action can you take now to increase your income flow?

Thank you, as always for reading!

Please share your thoughts and ideas directly in the comments!

For more information on living abundance and how to achieve your financial goals, contact me today!