Most people think that to earn more money you have to have an advanced degree. You may think that if you have a Bachelor’s degree, but aren’t making enough money, the answer is to go back to school and get your Master’s degree. Then you’ll earn more money, right? If you already have a Master’s degree and still need more money, go back to school yet again and get your Ph.D.
Many employers are willing to pay for their employees to attend school in their quest for an advanced degree because this perpetuates the employee’s mindset. However, this is an inefficient way to increase your income because it is rooted in the employee’s mindset.
The most efficient way to earn more money is to find a problem and solve it by employing an entrepreneur’s mindset. If you realize in your pursuit of a solution that you need more knowledge, you (the entrepreneur) will turn to any form of knowledge that will give you the specific knowledge you need. While the needed knowledge might come from attaining an advanced degree, often times it will not. Entrepreneurs may find a mentor, attend a seminar, read a book, watch a video, or hire a coach. It’s all good. They may even hire an expert in the field.
Don’t limit yourself to just a formal education to improve your income prospects. Be open to all forms of knowledge. Don’t be afraid to roll up your sleeves and dive in with a few small-scale projects.
Are you stuck in the employee’s mindset or do you have an entrepreneur’s mindset?
