4. Focus on passive income/side gigs
If you already have a website, why not put Google Adsense onto it, or try any of the hundreds of other ways to have a bit of revenue, for minimum effort? It may take a bit of time to compound, but as you don’t need the money, putting aside extra an extra $200-$300 into your retirement account, will make a huge difference in 20 years.
5. Inbound and outbound marketing
Often businesses are very good at the outbound marketing (say sales calls or meeting people face-to-face) but are weak at inbound marketing (social media content and other ways of drawing people to you), or vice versa. Focus on both, and use the 80/20 rule here. About 80% of your results will come from 20% off your efforts, and about 64% of your results will come from 4% of your efforts. Through trail and error, you can see what works.
6. Consistency and persistence
It sounds obvious, but just because something is common sense, doesn’t mean it is implemented by most people. Knowing something and doing something aren’t the same thing. How many super healthy doctors do you know? Even if you know the things that work, it is surprising how many people find it difficult to keep at it. Knowing about how the 80/20 rule applies to your revenue is pointless, for example, if you don’t implement it with persistence.