10 Strategies to Build Wealth in Tech Sales in 2024
There are ten strategies to build wealth in tech sales in 2024.
They are simple, but not easy.
Before we begin, please note that I am not a Financial Advisor and the strategies which I’m sharing are based on my own experience.
If you want investment advice, always consult with a financial professional.
Now let’s get into it.
First let’s start by defining what wealth is.
Wealth is not what you see; it’s what you don’t see.
You can have a nice house, drive a nice car, wear nice clothes, and still live paycheck to paycheck.
According to a 2023 survey conducted by Payroll, 78% of Americans live paycheck to paycheck, a 6% increase from the previous year.
In other words, more than three-quarters of Americans struggle to save or invest after paying for their monthly expenses.
What’s more, another survey from LendingClub revealed that 30% of those earning $250,000 or more live paycheck to paycheck.
You can earn a lot of money and still be broke!
How does this happen?
Because as most people’s earnings increase, so does their cost of living.
More income often means more spending, which prevents wealth building.
If you want to build wealth in tech sales in 2024, there are only two ways to do so.
- Make more money
- Save more money and invest it
There are ten strategies that I recommend to help you save more and make more.
These strategies enabled me to retire from Corporate sales at 42 years old and pursue my dream of coaching full time, without the added financial risk which most new business owners face.
Here’s one of my favorite strategies:
Always focus on growing your income every year, while keeping your cost of living the same so you can invest the rest.
Ideally if you work in tech sales, strive to find a company and role where you have the opportunity to make 500K+ if you are a top performer, which accelerates wealth building rapidly
Because if you can average 500K/year for 4 years, that’s the equivalent of working 10 years making 200K/year.
So you’ve compressed your time working by 2.5x.
This is just one of the ten strategies which I outline in my new free Masterclass.
If you want to see the rest, you can watch the full video here, completely free and ungated.
I hope these strategies serve you as well as they’ve served me!
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