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10 High Income Skills 2026

Skills & Productivity

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June 26, 2022

Go to school get good grades and get a degree or get a diploma and you will be successful in your life.

I think you have heard this story before and probably you have already recognized that a dead dog doesn’t hunt right you also recognize that things have changed having a degree having a certificate and having a diploma is probably not going to get you to where you want to go.

If that’s the case why are so many students who graduate they’re struggling to pay off just a student loan why they are not getting a good job??

I truly believe that we have shifted from a job economy to now what I call the skill economy it is not the degree that pays the bills it is the high-income skill that pays the bills so today I want to share with you 10 high-income skills that I believe that will help you to become rich and successful.

It is not easy to learn these skills but if you learn these skills believe me it will pay off forever.

Now, in case you don’t know what a high-income skill is I define high-income skill as a skill that you could develop in a short period that will make you a minimum of $5000 a month. Basically, seven figures a year without a degree.

That’s how I define high-income skills. Now notice, I did not say a high-income job.

I’m not talking about a high-income job. I’m talking about a particular skill set that you can bring value to the marketplace in exchange for money.

So let me share with you 10 High Income Skills.

High Income Skills 2025

#1 AI & Machine Learning

AI & Machine Learning are Top High Income Skills nowadays. The Market of AI is growing exponentially. If you develop AI & machine learning skills you can make a decent income.

Now, why this skill is this a valuable? Why it is a high-income skill? Because we live in an AI and Digital era. Companies are spending a lot of money on AI, machine learning, and automation. Learning these skills gives you an edge over others.

#2 Closing Skill

Closing is the ability to convince or to persuade someone in person or on the phone to buy from you it is very very simple.

Now the challenge is most people have a negative association with the word sales. They think sells is such a bad thing it’s if there are a lot of negative feelings towards sales or closing but in life, if you don’t know how to communicate if you don’t know how to articulate your own value well it’s very very difficult for you to get anything or to get ahead in life and closing it’s not taught in school there’s no closing now when it comes to closing the key is I would recommend don’t just close for low ticket items

something that’s a thousand or two thousand rupee to be successful to earn more money you should focus on high ticket closing something for fifty thousand or lakhs of rupee because your commission from there will be much greater compared to you which is closing a low ticket item.

#3 Consulting Skill

Consulting skills is a very good high-income skill because of the complexities because there are so many changes that are happening in the business world companies need help they need guidance they need advice need consultants.

I’m talking about social media consultants it could be management consultants it could be leadership consultants it could be sales consultants it could be technical consultants there are so many areas a business needs consultants so consulting is a very very valuable skill to develop the great thing about being a consultant is you don’t need a lot of money to make a great living if you’re charging a retainer meaning you’re charging a monthly fee to consult with a client and if you are high ticket you only need in some cases a couple of clients to make a solid seven-figure income so consulting is one of those very very valuable skills that you want to look into in this skill economy

#4 Coding or Software skill

Now with so many tech companies with so many apps, the marketplace is hungry, hungry for good coders good people with good coding skills I mean I spend several thousands of rupees on coders and software developers for my company and we’re always looking for good people so coding now when it comes to coding is it better if you start early to learn how to code if you are in middle or old age it’s not so easy but for young people, it is an area that will always be demanding and always pays money.

#5 Cyber Security

Cyber security or Information security is a high-income skill. Most companies online and offline hire information security specialists.

The specialist can help companies to defend against threats, data leakage, and cyber-attacks.

The usage of the internet is growing and it poses a high-security risk. Every day we keep on hearing incidents about of hacking and cyber-attacks.

It is not easy to become a cyber security professional but I am 100% sure that cyber security is an extremely valuable skill that can get you a very good income year on year.

#6 Funnel Building Skill

I am not talking about building a typical website. I am talking about building a sales funnel. It could be a webinar funnel it could be a landing page it could be a lead magnet funnel all these terms if you understand that’s okay but there’s a huge market out there for people looking for funnels meaning they’re looking for a way to take the attention to take the traffic and convert that traffic on the internet into sales and if you are someone with that particular skill set that can help them to do this you could earn a lot of money be very successful with this again companies out there they’re constantly looking for ways to increase sales. If you have the ability to provide this service funnel building skills are a very valuable skill. The funnel building has some specific requirements. You need to be a good copywriter you have to have some copywriting skills maybe you have some designing skills because of different elements on a funnel right so if you think about this particular skill set or other skill sets in some cases that it is a skill within a skill right you need different skill sets in combination combined to be able to perform this particular skill set.

#7 Public Speaking Skill

Public speaking is a very good high-income skill. Public speaking requires a lot of confidence, knowledge, and skill to connect and articulate things.

You see today most of people are afraid to present they are afraid to speak to groups and that’s what makes public speaking so valuable.

Companies and organizations are always looking for speakers and they’re willing to pay a good premium for good speakers. But public speaking is not easy to develop because most people are afraid of rejection they’re afraid of public embarrassment but if you could overcome that and you have expertise that is valuable to a corporation and company, public speaking skill is a great skill to master.

#8 Chatbot Marketing Skill

Now, what is a chat box now if you think about email back in the old days we still have it we have what we call an autoresponder meaning is a series of emails pre-written in a sequential manner so when you opt into something when you are on a website you give your email name and address to get more information in a period you will get these automated messages from the vendor or the business.

Chatbots are extremely powerful. They can reduce the manpower for the business. There is a huge demand out there for this chatbot marketing skill why because everything is shifting to mobile.

Chatbot Marketing is a new high-income skill that is in demand and most people don’t even know that it exists now to be a good chatbot kind of marketer you will need to have some copywriting skills as well as some basic kind of organizational or technical skill but it’s not complicated it is learning a boat. Now it’s going to take some time it’s not easy but it is learnable.

#9 System Skill

System skill is very good high-income skills. Because of now with technology companies also need a lot of expertise they need someone to come into the company to help them organize different things in different aspects of the business. It could be their processes. It could be their work culture it could be their process flow there are so many things that they need someone to come in even for projects right so system skill is a very valuable skill to have especially if you can specialize in a certain area. Companies are going to pay top dollars for someone with this particular skill set you’ll always be in demand

#10 Digital marketing skills

Now, this is a no-brainer I’m talking about Facebook. I’m talking about social media and talking about Instagram. I’m talking about e-commerce anyone with digital marketing skills good one not an average one.

Good digital marketing skills will always be in demand. Now with digital marketing skills again it’s a skill with skill. To be a good digital marketer you need a variety of skills to be copywriting would designing could be a little bit of coding. That’s right because you need to combine different skill sets together and if you’re working with a client then you need the ability to close to get those clients who are willing to pay you on a monthly basis all for a big project you need that kind of skill as well to write the proposal to write the plan you need copywriting skill so that’s what we’re talking about.

10 High-Income skills that you may not be aware of that are hard to learn but will pay off forever.

Now I want you to understand something here skill equals income.

Skills = Income

You require a skill to pay the bill it does not matter what degree you hold. A degree alone cannot pay the bills you require a skill that pays the bill.

You have to learn these skills to make more money to become rich. Which skill set do you feel resonates with you? Which skill do you want to learn today?

7 Types Of Income That Rich People Have But Poor Don’t

Money & Wealth

Shitanshu Kapadia

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June 24, 2022

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Types of Income – What are the different types of income? How many income streams do rich people have? Let’s try to explore this in detail with an example.

Once, two friends were talking with each other. The first friend asked to second –

How many hours do you work in a day?

The second friend says approx 12 hours.

In which, I work 7-8 hours in my full-time job and 3-4 hours in my part-time job.

Now the second friend asks the first one how many hours do you work in a day?

The first friend says I work 400 hours a day.

Friends say it is impossible. How you can work 400 hours a day because there are only 24 hours in a day?

The first friend explained that he has opened a consultancy firm, in which there are a total of 50 employees and every employee works approx 8 hours. If you calculate, (8×50) then this figure reached approx 400 hours per day.

Here one friend talking about earned income while another is talking about business income.

In the world, approximately 90% of people make money with Earned Income, and in Earned Income, you get paid only for the hours you have worked and no one can work more than 20 hours in a day.

For this reason, you can only earn money in a limited amount with earned income. Earned income can never give you financial freedom.

While the rich people do not depend on a single income source. They have at least 7 income sources.

By which they get money regularly.

In which, some are active income and some are passive income, some are highly taxable, and some are non-taxable.

It is said that rich people have 7 income sources but that’s not the whole truth, because it is not necessary that every rich person has 7 income sources but they have multiple income sources.

So let’s see the 7 types of income that the rich likes.

7 Types Of Income That Rich People Have But Poor Don’t

#1 Earned Income

The first and very common source of income is Earned Income. This income is also known as active income because you give your time to earn money and you get paid till you work.

If you stop working then you stop getting money. This is the point from where everyone starts.

From watchman to CEO everyone starts from the Earned Income and this is the safe way to start your journey. But living here for a long time with earned income is dangerous.

Because here you work according to the clock and you can work limited and earn limited money in hours. Earned Income is good for starting time but you must make other sources of income after some time.

Because this source of income is highly taxable, the more you earn, the more you have to pay taxes. And in some cases, this tax is 30%. This means after some threshold your half income will go to the government pocket.

Earned Income is starting and a wonderful way to earn money.

But if you want financial safety then you must find other sources to earn money.

Financial Freedom is 80% Behavior & 20% Knowledge

#2 Business Income

With this income, you become an entrepreneur the employee. The meaning of business income is to sell any products at a higher value than their market price.

Whether it is a physical product or a digital product. Business income can be of two types Active Income and Passive Income.

If you make a product by your hand then it is an Active Income. In this also, you will get the money until you work.

For example, handcrafted items and paintings, if you sell by making yourself then it is an Active Income.

You can’t scale this business on a large scale. But If you only design the product and it is made by some other cases like designed by Apple in California and made in China. So it is a scalable income.

Because if you set up the business system once or if you hire the employees then you get free time. That can be used to build other income sources.

Before starting any business, you must see whether your business is scalable or not, and if it is scalable, then how much you can scale.

#3 Interest Income

One of the oldest business models in the world says that money attracts money. This means in this income money works for you.

Whenever you give money to someone and you got money with interest then this is called interest income.

This income is passive because you don’t have to work actively to earn this. FD, RD, Bank deposits, and Government bonds are some examples of Interest Income.

7 Things Poor People Do that the Rich Don’t

#4 Dividend Income

You get the dividend income when you buy some shares of a company.

Then you also have some ownership rights on that company and if that company earns profit then you also become entitled to that profit and you get some part of that profit in the form of dividends.

Dividends are generally declared every 3 months but it is not necessary that every company gives you dividends. Every company has its own way of giving dividends.

For example, if I have 10000 shares of an XYZ company and if that company gave a dividend of ₹ 5 per share.

It means I will get a total dividend of 10000×5 which is ₹50000.

#5 Rental Income

If you give anything to others to use, and you get some money as rent then this is called Rental Income.

This is also a type of passive income. Many people give their property to rent and they think that this is the only way to earn rental income. But it is not necessary that you have to invest much to earn rental income. You can also give things on rent having less investment.

For example, you can give your equipment for rent, you can give your car for rent and you can rent instruments to someone like a speaker system for the event, etc. The best example of the Rental Income is Ramesh Babu.

He is a barber by its profession but he has more than 400 luxury cars. In which all luxury cars are involved from Jaguar to Rolls Royce.

He has also started the rental service for these luxury cars apart from his main profession and today he is a billionaire.

#6 Capital Gains

This is the source of income that can make you a millionaire in real. Here we acquire assets like Real estate and Stock, Bonds, and Crypto and we sell them at higher prices.

Like if you buy a share in ₹100 and sell it in ₹150 then ₹50 is your capital gain.

Same way if you buy a property for 2 crores and after waiting some years you sell it for 5 crores then your Capital Gain is 3 crores.

Capital Gain income is different from business income. Because here you are not manufacturing any products or services, you are only holding the assets.

This provides a passive income in the future due to appreciation. But most of the time we buy a product whose value decreases with time like smartphones, cars, TVs, bikes, etc.

But to get the Capital Gain, you have to invest your money in the thing whose value can be increased in the future. Like gold, silver, property, share, etc.

#7 Royalty income

This is my personal favorite income source. Royalty income is most popular among content creators like bloggers, YouTubers, music artists, or video creators.

Royalty income is a continuous income that you get for your particular work. Like, you made a movie that people would watch for years.

You wrote a book that people purchase continuously or whenever the creation created by you is purchased or subscribed then you get income.

For example, when a music artist makes music he reaches the public through music streaming services and whenever that song is played, then that artist will get income.

If we take the example of author J.K. Rowling, she wrote the Horry Potter one time.

But today’s also if someone buys books, games, or toys of Harry Potter or even someone visits the theme park of Harry Potter then some royalty means some money goes to J.K. Rowling’s Pocket.

In short, she had worked once but she generated multiple sources of income by converting them into many different forms.

So, these are 7 Income Sources.

Over to You

Well, you don’t have to try to earn from all the sources together.

First, try the first source of income and if you started generating some income then come to other sources of income.

Most people know only one or two ways of income sources. But friends, the more types of income sources you will have, you will be able to live a more secure and luxurious life.

I have a question for you which types of income sources do you like the most? and which new income source you would like to add to your life?

Should You Take On a Personal Loan to Pay Off Student Loans?

Personal Loan

Shitanshu Kapadia

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June 20, 2022

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Taking on debt is something that most students do in order to afford a college education. And once you’ve completed your studies and graduated, the burden of having to repay tens or hundreds of thousands of dollars can be anxiety-inducing.

If the regular repayments on your student loan are steep, you might consider clearing your obligation for this debt with a personal loan, and effectively switching what you owe over to a new provider with more amenable rates.

The question is whether you can do this, and if it’s possible, whether you should. Let’s cover all the angles to give you a good route forward.

Should You Take On a Personal Loan to Pay Off Student Loans?

Terms and conditions matter

The first point to make is that not all personal loans will be eligible for paying off debt you’ve accumulated as a student. Some lenders will make it explicitly clear in their terms and conditions that you can use your loan for a lot of things, but not for this precise purpose.

This might not seem fair, but the good news is that there are lenders out there that take a less militant stance on this matter, and some that will actually court customers who want to pay off student loans.

Given that it takes an average person over two decades to repay a student loan, if you can find the right deal with the right lender, making the leap could be wise.

Rates are relevant

One thing which will determine whether or not you should pick up a personal loan to replace your student debt is the rate of interest which applies.

If you find a low-interest personal loan, that will lead to cheaper monthly repayments. The rates will have to be below those you’re currently charged on your student loan package, of course, otherwise the move won’t make financial sense.

Your circumstances will impact loan affordability

Taking out a personal loan and getting a good rate of interest isn’t just about the wider market conditions. Indeed more attention will be paid to your circumstances, and the extent to which a lender sees you as a low-risk, reliable customer.

Your credit score will be key in this regard. If you’ve got a good history of keeping up with loan repayments, then your score will rise. If you miss repayments, or you’ve got a limited amount of credit history to begin with, it will be lower.

The higher your credit score, the more affordable personal loan packages will become. You should still shop around, of course, but it’s important to first focus on getting a better rating.

Checking eligibility before applying is sensible

If you decide that taking on a personal loan to pay off student debt is the right move, you shouldn’t just dive straight in and send off an application to the lender of your choice. The reason for this is that if you apply and you get turned down for whatever reason, your credit score will actually go down.

Rather than getting into this vicious cycle of being denied credit, it’s better to check with a lender that you meet their eligibility requirements before you go any further. Some companies will look into your circumstances without doing a hard credit check, and will pre-approve you for a personal loan, which will give you peace of mind.

The type of student loan you have is impactful

Another sticking point to consider is whether your student loan has other benefits which make it worth keeping, even if a move to a personal loan might reduce the amount of interest you have to contend with.

Specifically, if you’ve got a federal student loan, then there are perks unique to this, such as enjoying forbearance in times of major upheaval, with the recent pandemic being the best example of this.

If your student loan is privately provided, on the other hand, it is closer to a personal loan in that it won’t be managed in the same way as a federal loan. This means that moving from a private student loan to a personal loan could be savvier, depending on all of the factors mentioned so far.

The bottom line on paying off student debt

There’s no sure fire answer to whether using a personal loan to replace your student loan is the best option for you. It’s necessary to consider your circumstances, check the products available, and ensure that you’re eligible before you decide either way.

It’s a good idea to consult an expert if you’re still confused at this juncture. The worst thing you can do is put up with loan repayments of any kind which are financially crippling, especially as there are so many ways to consolidate debt and reduce costs today so you don’t need to suffer.

Financial Freedom is 80% Behavior & 20% Knowledge

Shitanshu Kapadia

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June 20, 2022

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I want to get financial freedom. I want to live life on my terms. I want to live a life in which I can do nearly whatever I want, whenever I want because money is not an obstacle for me.

I know you also want to be financially free. But, to become financially free you need to correct your behavior. Because financial freedom means 80% behavior and 20% knowledge.

In today’s post, I am going to share 5 behavioral-based steps. If you take all these steps I am sure you will become financially free.

So let’s get started.

Suppose you are thinking to buy new things for yourself. Like, You want to go shopping. or you want to buy a new phone, or you want to go to visit someplace this weekend and suddenly you remembered, next week you have to pay rent or you have to pay EMI for your car or bike or don’t know how many bills you have to pay. And you have a limited amount of money.

Either you can enjoy your life or you can pay your bills.

These types of situations, we face many times in our life.

The solution to this is – “You must live like no one else right now so that you can live like no one else later”.

Means, If you want to live like 1% of people in the future then you have to take all those actions that the other 99% of people are not taking.

Financial Freedom is 80% behavior and 20% knowledge

#1 No More Denial

If you throw a frog in the hot water then the frog will jump and try to get out from the of

But if you throw the same frog in the normal water. Then that frog will keep swimming in that water. Afterward, if you increase the water temperature slowly, then also that frog won’t know anything and in the end, it will die with hot water but it won’t come out.

In the same way, someone’s physical health won’t destroy instantly.

Your health destroys slowly. Your body gets minor changes due to an unhealthy diet and not doing exercise. We don’t notice that instantly and end up destroying our health badly in the future.

A similar concept is also applied in your finance. You should treat your finance as your physical health.

Like you can’t lose your 10kg weight in one night. In the same way, you can’t be a millionaire in one night.

Your financial situation doesn’t get worse suddenly. It becomes worsen due to decisions that you have taken in the past.

So to achieve financial freedom, the first step is to check your financial situation.

Check, what is your income level?
What are your expenses?
Where do you spend your money?
How much money do you save every month?

For example, You notice that you are living a good lifestyle.

You have –

A Good House
A costly Phone
A Car
All that is required for enjoyment and entertainment

But every month you are reaching your credit card limit. Your loan EMI takes a major part of your income and still, you continue to buy things.

All these things are indications that you are in a financial bubble.

That can blast anytime.

After realizing this thing, stop ignoring your financial situation. And take action seriously and fast.

#2 Get an Emergency Fund

Law of Murphy says, “If anything that can go wrong will go wrong”.

If something bad could happen, and you are not prepared for that, then that must get bad.

Imagine that You have decided to be a responsible person and you will invest your money in the right place instead of wasting it.

But the next day, due to some emergency, you have to spend your money.

By spending this money your financial planning gets affected.

This means you have to create an Emergency Fund first.

In which, you have to save a total of 1000$.

That is around seventy-five thousand Indian rupees.

You have to save this much money and you have to keep that money in a place where you can easily access it.

Remember you need not invest money from your emergency fund and not keep it in a saving account. Because you will easily spend it from there.

You can take cash and hide it behind your photo frame or keep it in your locker.

So that in an emergency, you can use that money

When some emergency comes and you need money, then you don’t need to use your credit card and do not need to take a loan from someone.

Make sure that, you don’t use this emergency fund for your Pizza bill and celebrating your birthday and for some reason, if you used this emergency fund then you have to fill it quickly.

This is a very important step because the money kept in your house gives you confidence and this is true, you also know.

#3 Debt Snowball

To build your wealth, the powerful weapon is your income and the big enemy is your debt.

Use the concept of Debt Snowball to eliminate your debt.

Like, if you throw a small snowball from a snowy mountain. Then snow will stick to it when going down and that will convert into a giant ball.

Same way if you start paying your debt like a snowball then very soon it will clear your all debt by becoming a giant ball.

We are living in a time where we are taught that debt is a good thing.

But a millionaire knows that there is much difference between ‘seeing rich’ and ‘real-rich’.

Remember – You can achieve financial freedom only if you have no debt.

For this, you have to make a list of all debt.

And in this list keep the low amount of debt the first and the big amount last.

And to start Debt Snowball, you have to be free from the low-amount loans, and the money saved from there, you will use to clear the next loan.

By doing this you will clear your all loan but doing this will not be easy.

But you need to remember that “You must live like no one else right now so that you can live like no one else later”.

For example-

Suppose you have taken a loan of Rs.10000 from your friend and you are paying Rs.1000 to him every month.

You have taken a new smartphone of Rs.25000 for which you are paying Rs.2000 EMI every month.

Your credit card bill is Rs. 50000 and you pay Rs.3000 every month.

Similarly, write down all your debts in the smallest to the largest order.

Now suppose you save only Rs.5000 from your income.

So, at first, you clear your friend’s debt in months by using these Rs.5000 and slowly clear your smartphone debt, credit card bill, and all other EMI.

By doing this you are creating your Debt Snowball that will clear your all debt very fast.

#4 Create Runway Fund

After getting debt free completely, when you have no debt to others. You need to work towards creating a runway fund.

The extra income that was going into clearing your debt.

By using that you save your 3 months’ living expenses. So that if you will face a very big emergency. Let your Job has gone.

Then you can live for 3 months without thinking about money.

By which you will have time to build new income sources or get a new job.

For doing this you have to make a list. Here you note down your month’s expenses.

Like monthly rent, food cost, internet, clothes, app subscriptions, etc.

After adding these all let you know that you spend Rs.30000 every month.

So at the start, you have to multiply this amount by 3 (3-month expense).

The amount comes out to be Rs.90000 so you need to get a runway fund of Rs.90000.

By which you secured for 3 months and now slowly increase 1-1 month.

Your goal should be to create 1-year Runway Fund.

For complete financial stability, at least you should have Runway Fund for a year.

So that you can survive by maintaining your lifestyle for a year without generating income.

#5 Invest & Enjoy

Now it is time to invest your money and do enjoyment as you have cleared off all your debt and created 1-year runway fund.

See this is a single trick to achieve financial freedom.

You have to do short-term sacrifices to get long-term gain.

After clearing a debt and creating a runway fund now it’s time to maintain your financial fitness.

Like once you become physically fit by working hard and going to the gym and doing exercise very aggressively.

At the later stage, you don’t need to do heavy weight lifting.

You just need simple maintenance. Similarly, to maintain your financial health.

Invest at least 15% money of your income for your retirement. As soon as your home loan and other loans are cleared your saving will increase.

Invest this saving, and the return you got from the investment, will be your actual wealth.

You can invest in Index Funds, Mutual Funds, Stock Funds, and any other profitable business.

Your aim should be to generate at least a 10% return annually that can be achieved easily.

When your invested money starts giving more money than your income then you will become financially independent and stable in real.

Because no one becomes rich in one day. But the small steps taken by you take you to a wealthy life.

Final Words

In the end, I want to summarize all this in a single line. Financial Freedom is 80% Behavior & 20% Knowledge.

I have learned these concepts from the best seller book called “The Total Money Makeover by Dave Ramsey”