November 16, 2011, 5:00 am

Increase Your Income By 30% Without Working More

by: The Financial Blogger    Category: Alternative Income
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When I wrote this post, I was sitting quietly at the municipal pool while my daughter was playing Ratatouille on her Leapster and my son was swimming back and forth in the pool. I was taking notes to eventually write how much I will make in 2011. Now that our financial year is over, I know approximately how much I’ll be making in bonus. So, I thought of calculating the magic number for 2011. I wanted to know if I was going to hit my financial goal.


I’ve taken the habit of being wide open about my personal finances on this blog. I sometimes tell you how I suck at not paying my debts but most of the time, I’m pretty proud of what I do. But this time is different… I’m kind of shy.


I somewhat feel bad about how much I made.


I don’t know why.


I guess it’s my judeo-christian roots…


Oh well… here we go….


I’ll make slightly over $176,400 in 2011.


I can’t believe it myself! And this is not counting my online income. Only the part that is being redistributed to me. Whatever is made in the company is not counted in this income.


Here’s my income distribution for this year :

 income distribution


As you can see, I’ll be getting a fat bonus this year. The bonus will be paid in January 2012… so technically, I’m just shy of roughly 60K right now ;-). This is why my income is not reflected in my net worth. But It will have a nice jump early in 2012 as I will pay off my debts!


This bonus is the result of 4 years of hard labor. I’ve built my portfolio of clients one by one (I started with a shitty book, took off most of the existing clients and prospects for 4 years). I guess that doing your job right and treating clients for what they really are (human beings!) pays off in the end!


The other important thing to consider is my online company benefits. My company pays for a few things that I use such as my laptop, desktop, Blackberry and internet connection. In addition to that, I’m getting paid for the day I spend working on the company. So while I don’t derive a direct salary from my online company, it is still providing me with financial support.


I’ve increased my income by 30% and I didn’t work a single hour more


The thing I’m most proud about my income is not the income itself, but the number of hours required to achieve it. I’m currently working 30 hours a week at my day job and 10 hours a week on my online company. Therefore, I never worked more than 40 hours a week. Add 5 weeks of vacation and leaving at 3pm on Fridays to that and you have an awesome lifestyle. I can share a lot of quality time with my friends and family. Most importantly, I have all the time in the world to watch my kids grow and share the little joys of the moment with them.


What’s my secret?


A regional director once asked me how I was bringing in so much money in so little time. I replied that I work hard. He smiled back and told me that everybody says that they are working hard. So what was I doing differently? What is my secret?


« 80-20 rule ».


That’s it.


It’s not more complicated than that. That’s my secret : focus on the 20% generating 80% of your results and you will achieve awesome things in minimal time.


So today, take a moment and write down everything you do that takes more than 5 minutes in your day. You’ll notice plenty of « holes » that don’t generate anything. They are either a pure waste of time or repetitive routine that doesn’t lead anywhere.


The first thing to do is to cut the crap. Once that’s done, you must replace it by activities that create value. Being efficient is not as much being fast than it is creating value when you work.


So stop being your own « cost center » and transform yourself into a « value creation center ». Life is much easier when you can afford it ;-).

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Wow that’s a great income! I’m in a similiar career of wealth management(I’m a fellow CFP) but I am just starting out. Having a hard time at the company i work for but it’s quite inspiring to see how much you’ve done in such a little time! Any more secrets you can share with me 🙂

Hey Dan!

it takes time to build a good relationship with clients but you are better off working on building trust than trying to make a quick sale.

Clients also love to receive my monthly financial newsletter 😉

[…] TFB told us how to increase our income by 30% without working more. […]

Very cool. And the good thing is, this excludes your online income right? Or is the 19% your online income? Either way, pretty good.

Does the company calculate your employee benefits for you? I don’t calculate it, but I should since it’s real.


I don’t derrive a direct income from my online company as I reinvest most of our profit in development. the 19% of online income is the benefits I get from my companies (dividend, internet connection, black berry, etc).

As far as my company benefits, I calculate the rebate I have on my mortgage (I pay 1,5% at the moment) and the stock acquisition program (as they give me 25% of my contribution). I don’t assess my pension plan or healthcare/dentalcare insurances.



That is one sweet bonus. 🙂

by: The Financial Blogger | November 19th, 2011 (4:52 pm)

yeah… well I’ll probably finish in the top 3 in Montreal for that.. maybe #1 🙂 it was a very big year for me.

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