Improvement Pill is a popular YouTube channel that provides practical advice on personal development, income, productivity, and financial success.
Recently, I came across one of their videos titled “3 Secrets That Will Make You Rich” and was intrigued by the title.
As someone always looking to improve their financial situation, I watched the video and saw what insights it had to offer.
During the video, Improvement Pill discussed three key principles that they believe are essential to achieving wealth and financial abundance.
The first secret was to outsource work and focus on activities that pay more in value.
The second secret was to invest and learn high-income skills.
Finally, the third secret was to engage in high-return investments.
As I watched the video, I found myself nodding in agreement with many of the points made.
The insights shared by Improvement Pill were not only practical but also grounded in common sense and backed up by research and real-life examples.
By the end of the video, I felt inspired and motivated to take action toward achieving my financial goals, armed with the newfound knowledge and perspective I had gained.
Outsourcing
“Focus on being productive instead of busy.”
― Tim Ferriss, The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich
Rich people don’t waste their time doing unnecessary things. This will give you more time to do important things that will make you happier and wealthier.
Also, doing things not within your skill level is a huge waste of time.
If you’re not good with art and you are doing your own drawings, you’ll just do badly.
Why not outsource it to an art expert and focus on your specialty?
Entrepreneurs outsource all the time, and they are able to double their productivity because they have a team that handles tasks for them.
You can try sites like Fiverr or Upwork to find people you can outsource your tasks.
High-Income Skills
Rare skills like Youtube marketing, consulting, copywriting, etc., are paid a lot since not many people offer these services.
Thereby law of supply and demand, these people can charge as high as they want.
One way to do this study and train these high-income skills.
Sign up for mailing lists of entrepreneurs you want to copy and buy their courses.
Practice what they teach to the letter, which can help you earn a lot of money.
High-income skills refer to skills that can generate a substantial income due to their high demand in the job market.
My last blog post on 29 ways to make speed money come to you would be a great supplement if you’re looking for more posts about this topic https://selfhelpjourneys.com/29-ways-to-make-speedy-money/
Some eight examples of high-income skills are:
1. Coding and programming
With the increasing demand for technology, coding and programming skills are highly valued in various industries, such as software development, web design, and cybersecurity.
The average annual salary for US-based programmers is $74,534!
2. Digital marketing
With the growth of online business and e-commerce, digital marketing skills are highly sought to help businesses reach their target audience through various online channels, such as social media, search engines, and email marketing.
3. Copywriting
Copywriting involves creating written content that persuades readers to take a specific action, such as making a purchase. Copywriters are highly valued in various industries, such as advertising, marketing, and public relations.
4. Sales
Sales skills involve persuading customers to buy a product or service. Sales professionals are highly valued in various industries, such as real estate, insurance, and finance.
“Don’t watch the clock; do what it does. Keep going. -Sam Levenson”
You’ll face a lot of rejection in sales. The only way to succeed on sales is to keep going.
5. Public speaking
Public speaking skills involve the ability to communicate effectively to a large audience. Public speakers are highly valued in various industries, such as education, politics, and business.
6. Graphic design
Graphic designers create visual content like logos, brochures, and websites. Graphic design skills are highly valued in various industries, such as advertising, marketing, and publishing.
7 . Writing and editing
Writing and editing skills are highly valued in various industries, such as journalism, publishing, and public relations. Content creation, technical writing, and copyediting are all highly sought-after skills.
8. Data analysis
Data analysts use statistical methods to interpret and analyze data. Data analysis skills are highly valued in various industries, such as finance, marketing, and healthcare.
These are just a few examples of high-income skills, and many other skills can lead to a high-paying job or career. The key is to find a skill that aligns with your interests and passions while also being in high demand in the job market.
ROI – return on investment
Real estate and stock investing are known to make a huge return of investment.
Investing in rental properties is a great way to have passive monthly cash flow and can even provide retirement money quickly for you.
Study books and videos about real estate investing and start analyzing deals. Look for investors near you and partner on some deals. You’ll be sure to get started sooner than expected.
Start Investing Now!
Investing in index mutual funds is also a quick way to get started with stock investing. You get high returns as long as you stay for 6 years or longer.
The amount of time it takes to earn money from stock index funds can vary depending on various factors, such as market conditions, the performance of the particular index, and the amount of time you invest.
Generally, stock index funds are considered long-term investments, and holding them for at least 5 to 10 years is recommended to give them enough time to grow and overcome any short-term fluctuations or market downturns.
It’s important to remember that investing in stock index funds involves some degree of risk, and past performance does not guarantee future returns.
However, over the long term, stock index funds have historically provided investors with returns that have outpaced inflation and other investments.
Therefore, if you’re considering investing in stock index funds, it’s important to have a long-term investment strategy and a diversified portfolio that aligns with your financial goals and risk tolerance.
It’s also advisable to consult with a financial advisor to help you make informed investment decisions.
So far, that’s what I learned from Improvement Pill’s video. What more can you add to this?