Do you Remember Jason and Julie?
They were the couple with the campervan who got to FI aged 43 and whose story I featured in Our Gap Year For Grown Ups.
When the Daily Mail wrote about them in an article earlier this year, a troll-party kicked off in the comments section.
A common theme was:
Well its no wonder they were able to retire at 43…they earned a massive £90,000 per year between the 2 of them…this is totally inapplicable to the lives of normal people
It was as if Jason & Julie had cheated by earning more than the UK national average of ~£28,000 per year. The implicit assumption of the complainypants is that they can never earn £45,000 per year.
But despite what you read in The News (I warned you about that), it is possible to earn more than average. Remember your frame of reference may be skewed because you’re seeing and hearing more from the complainers. Meanwhile, The Millionaire Next Door is not shouting about their financial situation…they’re keeping quiet and making bank.
The Escape Artist is here to tell you that earning more money is not impossible…nor illegal…nor unethical. I’d go as far as saying that earning more is A Good Thing. Particularly if you are on The Path to financial independence.
The time it takes to get to financial independence is a function of your savings rate. And, let’s be honest, its easier to save 50+% of your income when you’re on a higher income.
So let’s take a look at 5 ways you can earn more money:
Work harder Take more risk Do something that others can’t (or won’t) do Get a side hustle Negotiate better
Unfortunately, none of these come with a guarantee. That’s because there are no guarantees.
1) Work harder