How to Plan Your Best Ways to Earn $5,000 a Month?

If you’re self-employed or your pay depends on how much you get done, you should think about how you plan your day and what you should change.

Having freedom over your schedule is great, but it can also be a double-edged sword. On the one hand, you have more freedom than most people. On the other hand, you have a lot to plan for, which can be very stressful.

Many financial advisers, like me, have to juggle marketing, administrative work, portfolio management, client meetings, and more.

I asked a few people how they plan their day to make money, and I also shared some of my own ideas. Whether or not you have a financial adviser, their advice is sure to help you.

1. Pick Your Three Most Important Things to Do.

How to Plan Your Best Ways to Earn $5,000 a Month

Grant Bledsoe, CFA, CFP(R), a blogger at AbovetheCanopy.us and a financial planner in Portland, says, “The night before, I try to make a list of my top three most important things to do.

So, when I get to work in the morning, I can just look at my list and start working. If I don’t, I’ll waste time on email, ESPN, and surfing the web.”

Adding, “I also try not to have more than three things on the list. Longer to-do lists are much less likely to get done, and the sense of accomplishment I get from getting them done keeps me going.”

From Bledsoe’s advice, it seems like there are two main things to remember: Just do a few of the most important things first thing in the morning.

2. Categorize Your Tasks to Achieve Balance

Peter Huminski, AWMA, is a wealth advisor in North Carolina and a blogger at ThoriumWealth.com/blog. I say, “Every day, I try to set aside at least 90 minutes to work on finding new clients.

Sometimes it’s in the morning, and sometimes it’s in the afternoon, but during that block of time, I try to move a relationship closer to becoming a client.”

Here, Huminski says that prospecting is a key way to make more money. It is true that one can get so caught up in administrative tasks that one forgets to think about the future of their business.

Moreover, “I also divide my daily list of things to do into business development tasks and administrative tasks.

I will do one business development task for every administrative task I do. This gives me a good balance between the two most important parts of my business or any business.”

Labeling your tasks and making sure you work on each category equally, assuming they are both important, will help you focus on the present and future of your business.

While you’re doing that, look for ways to save money. This is an important part of your business’s future. If you can cut some costs, you’ll save a lot of money over time and have more money to spend on better things.

3. Don’t Forget to Be Creative and Treat Customers Well.

How to Plan Your Best Ways to Earn $5,000 a Month

Joe Carbone, Jr., CFP(R), a wealth adviser and blogger at WealthManagementfortheRealWorld.com, says, “I use the morning as my creative time. I use this time to work on new marketing ideas, different investment strategies, reach out to prospects, etc.”

If you’re most creative in the morning, you might want to do your most creative things then. Even if you don’t think these things are your most important, being creative is a key part of making more money.

Carbone goes on to say, “I also make sure that my current clients are treated with the utmost care and customer service throughout the day. They are the lifeblood of my practice.

What good is it to bring in new prospects and clients if my retention rate is 70%? Not to mention that I would be breaking my promise to take care of their financial world.”

Improving the way you treat your customers is a great way to make more money. People want to be taken care of, and if you don’t take care of them, they’ll probably go somewhere else.

4. Pay Attention to Things That Can Help You Make Money Quickly.

Yes, it is possible to make money quickly. It might not be the best way to go, especially in the long run, but it will get you out of a jam. Check out some quick ways to make money, and try one of them in your spare time or first thing in the morning.

There are always one or two ways to make money that will work, whether you want to pay for advertising or buy new tools to help your business run better.

5. Delegate tasks

How to Plan Your Best Ways to Earn $5,000 a Month

You probably do a few key things to make money, and you’re probably good at them. There could be a few other things you have to do that don’t really make you more money. Think about the second kind of job.

Are any of these tasks ones that you could give to someone else? You might need to have some content changed. Find an editor to help you with that instead of doing it yourself. You might need help with web design. Again, give that job to someone who knows how to do it.

When you’re not used to it, giving tasks to other people can be a little scary. You don’t need to jump right in. Instead, choose one or two tasks that don’t require much responsibility and give them to someone else.

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Final Thoughts

If you don’t usually plan your day before you start it, it might take you a while to get used to it. You don’t go from putting out fires to making money in a planned and efficient way overnight.

You might want to try out the tips in this article. Credit.com lets you check in on your financial goals every month, like building a good credit score.

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