How To Double Your Income in the Next 12 Months

double your income

Use this (simple) method

Passion

I have been passionate about passive income and increasing my income for many years now.

I am always curious about how I can do better and earn more — while working less.

  • What can I do to earn more money?
  • How can I improve my current work, to soften workloads but still increase profits?
  • How can I improve myself?

These are questions that I’m always asking myself — and that’s good.

Us humans, we are always curious. People always tell me “you should be happy with where you are”. Yes, true. They’re right. You should.

So, it’s important to every day take a moment to reflect on your day, on your week, on your life — be mindful — and be thankful for where you are and what you have achieved (yes, even if the only reason you got there is because of your own persistence and motivation).

Human nature

However, it would go against human nature to “just accept and be happy where you are — and stay there”.

We want to improve. We want to grow. We want to do better.

Without this drive, maybe we’d still be in the middle ages, lighting our houses with torches and ploughing our lands with horses.

Photo by Sreenivas on Unsplash

So, yes, it’s normal to want this. But HOW?

Recently, I read about a technique called “Mindstorming”.

However, before we can use this, we need some GOALS.

Goalsetting

Everything starts with setting some goals. Take a moment and think about it. Which goals did you set yourself this year?

Some of my personal goals are:

  • Buying a new apartment (investment for rental)
  • Becoming fully self-employed
  • Doubling my income
  • Gaining +5 kg (I am way too skinny, need some muscle)

Next, take one of these goals and ask yourself a question — For me, I’ll take “Doubling my yearly income”.

So, lets say my current salary is 50k, then I ask myself:

“What are all the things I can do to earn 100k in the next 12 months?”

P.S. The more specific the question/goal, the better.

Mindstorming

You’ve got your goal AND your (specific) question.

Now, devote yourself to write a MINIMUM of 20 answers to this question.

“What can I do to double my income in the next 12 months?”

This is called mindstorming. The first few answers will be easy, for example:

  1. I will find an extra side hustle
  2. I will invest in crypto and wait for the bull run
  3. I will study and work hard for a new position at work, which comes with a raise
  4. I will aim for getting a bonus at work, by putting in the extra effort
  5. I can maybe change jobs

The more answers you type, the more difficult it gets, right?

And trust me, the last few answers will be incredibly difficult…

But whatever you do, force yourself to keep writing until you’ve written 20 answers.

Often these last few answers can change everything. You need to put so much thought in them, that you’ll visualize it, you’ll become creative, you’ll FIND A WAY!

Photo by Per Lööv on Unsplash

I don’t know if it’s true, but I once read that many people have become millionaires just by using this method. It could be true.

How many business ideas have found its roots in brainstorming / mindstorming? Or maybe even just a drunk evening with friends? “Wouldn’t it be AWESOME if …. X … existed?”

This is the power of written goals, and just writing things down.

So, what can YOU do to achieve your goals in the next year?

Take a sheet of paper and try it out.

P.S. Don’t try to cheat and use ChatGPT 🙂 I know it sounds easy these days, but first give it a try yourself, see how far you can get by yourself.

After that, you can use your little AI friend to double check the answers. And funnily enough, the answers will probably match a little bit.

The answer to my own question is:

I need to become self-employed, and chatGPT agrees.

ChatGPT screenshot.

So, this will be my goal this year. What about you?

Thanks for reading!

If you’ve got questions or thoughts, drop them in the comments and I’ll get back to you! Follow or ???? if you’d like to see more content like this. Or buy me a coffee, this stuff is magical 😉

Did you know? I also write about different passive income streams like Print on DemandYouTube Automationinvesting tipshealthy habits and just keeping yourself motivated to keep going every day!

P.S. Don’t forget to get your Financial Improvement Tracker Worksheet here!

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Michiel Schuer

FINANCIAL FREEDOM BLOGGER

Enthusiastic about learning new things, side-hustles, and translating my personal experiences into motivational stories.

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