Why Earning More Should Be Your Top Priority

In this article, we will talk about the first pillar for reaching financial independence: earning. Earning is the most important factor in achieving financial independence. How so? If you earn more, you can save more, which means you can invest more, allowing you to reach your milestones sooner.

Earning is something you just can't work around. For example, if someone is earning $50,000, they can only invest, say, $5,000, versus someone else who's earning $80,000 and is able to invest $20,000 a year. The difference is too big to overcome. So, focus on earnings first and foremost, before you focus on spending and saving. Maximize your earnings.

One of the best ways to earn more is to upgrade your skills. I did exactly the same thing. I went to college three times: for my undergrad, grad school, and then MBA. I took loans every single time to go to school, and it paid off handsomely. My income has grown; in fact, I think with every education that I took, my income grew about three to four times over the next five to seven years. So, I urge you to maximize your earnings in the long run.