I recently wrote about whether you should spend less or grow your income. The answer was that ideally you should do both to reach Financial Independence (FI) faster. In this post, I am going to focus on growing your career income. There are other ways to grow your overall income such as side hustles or real estate investment. But I am not going to cover them in this post. I am also not going to talk about starting your own company. I will only cover your main career income in this post.
There are several ways to grow your main income. Some of them are easier than others. And some of them are best applied to some field but may not work on some fields. There are no simple get-rich-quick ways to increase your income. It will take time and commitment. But if you are really committed to increase your income, you will get a better salary.
In the next sections, I am going to talk about increasing your salary. However, you may also try to get new advantages. Getting Restricted Stock Units (RSUs) from your company is very good. If you can participate in an Employee Stock Purchase Plan (ESPP), you will also get some very interesting extra income. You could get your company to participate in your fees for commuting or your health insurance fees. Or you could get a better pension plan. There are many other things that you could get. You need to look at the bigger picture!