High-income skills are a set of particular skills that you can use to your advantage in order to get paid more in the marketplace.
Now whether you are looking to start your own business or work and grow in your career, the skills we talk about in this article will increase your ability to earn more and can impact your life forever moving forward.Â
Some of these skills can even transform your finances massively, and I’ve taken the time to personally learn all the skills that I will mention in this article..Â
I have applied each of these skills to my life and they have all played a role in increasing my finances.Â
There are a lot of reasons why we should learn high-earning skills.Â
- You can easily learn these skills online.
- Increase your ability and chances to earn more.Â
- You can use these skills and apply them to your own business or leverage them in your career.Â
Table of Contents (Click to expand)
What are the best high income skills to learn?
There are alot of high income skills that you can learn that can increase your ability to earn more money. Some of these skills such as learning to flip, content creation, digital marketing, time management, and investing, are at the top of this list.
Let jump into the 5 high income skills that have the ability to Change Your LIFE FOREVER!
This first skill literally changed my life and is one that I haven’t heard anyone else mention, when talking about a high income skill. And that’s …
Learning to flip
This skill involves your ability to find things for less and sell it for more than what you paid for it. When I started applying this, my finances took a major turn. This skill does encompass many complementary skills that you will learn along the way, for example.Â
- Sales – you will learn how to negotiate better deals that will allow you to sell and turn a profit.
- Comps – You will learn how to identify the demand of an item and make an analytical decision on whether it’s worth the investment.
- Copywriting – You will need to be able to write persuasive language that convinces the end buyer to pursue a purchase with whatever you are selling.Â
- Consistency – Like anything else worth having you will need to be resilient and consistent to make a significant impact on your finances.Â
All these high income skills can be learned with time and once you get really good at them you can apply them to all areas of your life.Â
You can apply the skill of flipping to anything you resonate with. This can be couch flipping, flipping watches, antiques, sports cards, clothes, sneakers, or even cars.Â
You could even flip real estate and buy distressed homes and renovate them and sell them for more. There are house flippers making millions a year by applying this skill alone.Â
There are those that even will buy a existing business and increase profitability and decrease expenses and sell those business for a multiple.Â
Take some time to develop this skill and watch where it takes you.Â
The next high-income skill worth learning is one that I’m doing as we speak and that’s …
Content creation
And by content creation I mean, your personal content that you make for yourself to build your personal or business brand. And the type of content I would focus on is video content or podcast style content and then repurposing the long form into short form on all the other social media outlets there are.Â
Content creation again is one of those high income skills that will involve many other complimentary skills to be truly good at it. Most of these skills will simply take practice and repetition to master.Â
- Skills like writing – if you’re scripting your videos or preparing for a guest on your podcast.Â
- Speaking on camera – for verbal and nonverbal communication.Â
- Consistency – for obvious reasons
When you create content you are increasing your ability to earn more in the marketplace through leveraging your brand. When people know who you are and have seen your videos, they will be willing to pay you a lot more.Â
Also the amount of ways you can monetize traffic from the attention you garner on your videos is unlike any other skill.Â
You can also take this skill and apply it to a career by helping other businesses build their content library by being an expert at this skill. And if you have your own proof from your personal brand then you can leverage that to ask for more.Â
I’m currently working on this and trying to grow this channel to 10K subscribers and then 100K hopefully in the next year or so.Â
I plan on increasing the amount of short form content as soon as this channel reaches 10K subs. That is because I’m still in the repetition process, I’m still figuring out my speaking style, getting comfortable on camera and exercising the content creation skill.Â
The YouTube algorithm hasn’t noticed me yet, but if you could hit that like button and drop a comment, maybe we can get this video in front of other looking for information just like this.Â
The content you create will only need to be created once and the effects of it can last many years, so don’t sleep on this skill.Â
The next skill we have is..
Digital Marketing
I talked about this in the last high income skills video, however this is worthy of being mentioned again. Because it is a skill that can change your life if you apply it and take it seriously enough.
Digital marketing is when you advertise through digital channels like search engines, apps, social media and email.Â
A digital marketer’s job is to get attention on a product or service. So this will help you whether you have your own product or service you want to sell, or, if you want to apply that skill in a career and help your employer with their business.
Once you know how to get attention on something, you now have a skill that has the potential to make you millions.Â
Here’s a quick example of applying it within your own business. Imagine you were selling shirts, each shirt was listed for sale on your website for 20 dollars. You used your digital marketing skill to advertise online and generate leads and sales. You know your numbers, so for each lead that converts into a customer, cost to acquire a customer, its takes about $5 to get one customer to buy a shirt. Now you can use that number to scale up your sales.Â
With that data, and without factoring the point of diminishing returns, for every 10K you spend on marketing you will receive about $40K in sales and about 30K of that is gross profit. That’s huge.Â
You can easily learn this skill by taking a simple course and applying what you have learned and building on that skill over time.Â
Websites like Udemy offer a lot of inexpensive courses that can get you started.Â
You can then apply this skill to your own business or help someone else’s and get paid for doing it.
Next High income skill is …is something we should all be doing and that’s..
Time Management
This is a high income skill everyone should learn and try to master.Â
Time management is using your time efficiently throughout the day. It means structuring and planning how to divide your time between tasks.Â
It means delegating tasks that are not the best use of your time and using the freed-up time from that and working on higher more important tasks that need your attention.
You prioritize tasks starting with the most important tasks, that require the most mental bandwidth and time first and following up with things that are of less importance and more repetitive in nature for later in the day.Â
This will allow you to work on the most difficult tasks, when your brain and focus is at its peak, which is usually in the mornings. You’ll end up working smarter, not harder, to increase productivity.
Its obvious why this skill is so important. It allows you to be way more efficient and productive. Doing this everyday will compound on itself and you’ll see some amazing results over time.Â
Whether you want to work for yourself or work in your career doing this will take you very far.Â
Effective time management doesn’t just happen. It takes a good amount of planning and being aware of the things that you do every day that are stealing your time.Â
Developing a strategy for the weighted daily tasks, calendar management, meetings and projects can help you stay on course.Â
You can guarantee that most of the self-made millionaires you see, are practicing time management in order to become and stay successful.Â
Next high income skill is…Â
Investing
Investing is considered a high income skill because it has the potential to generate a significant return on your investment over time.Â
It’s definitely not a get-rich-quick scheme, but a long-term strategy that will require some patience, discipline, and knowledge in whatever your investing in.Â
When you decide to invest you can go at your own pace and think in terms of playing the long game.Â
Investing does come with some risk, but the key is to manage that risk by diversifying your portfolio and investing in a mix of different assets.Â
By spreading your investments across different industries and asset classes, you can reduce your overall risk and potentially earn higher returns over the long term.
There are again many complimentary skills to investing that can help you become a better investor.Â
For example, understanding of the financial markets and how they work and having strong analytical skills and identifying market trends and good investment opportunities.
Most importantly, having discipline and patience to stick to your investment strategy even when the markets are volatile or unpredictable and not falling into FOMO.Â
Simply manage and invest within your risk tolerance and stay focused on your long-term goals.
The best way to get started with investing is to educate yourself and start small. There are plenty of resources available online, here on YouTube and in books that can help you learn the basics of investing.Â
Start by investing a small amount of money in a low-risk, diversified portfolio, and then gradually increase your investments over time as you gain more experience and confidence.