MONTH 1 DAY 4: TURNING INCOME GOALS INTO REALITY: GROWING INCOME IN 6 MONTHS & BEYOND

Keith Gatiramu
Jan 10
3 min read

Have you ever sat down and thought about how much you'd like to earn in six months or by the end of the year? It’s a powerful exercise that can set the stage for financial growth and a more intentional approach to your income. Setting clear income goals is not just about dreaming big; it’s about creating a plan, staying consistent, and celebrating progress along the way.

Example:

Let’s say you currently earn Kshs 100,000 per month. Over six months, that’s Kshs 600,000.

Step 1: Know Where You Are

Before you start planning for more income, it’s essential to know your starting point.

Calculate Your Current Earnings: Write down how much you’re currently earning monthly and add up your total income for the last six months. This gives you a clear picture of your financial baseline.
Identify Income Sources: Is your income from a salary, side hustle, or investments? Knowing where your money comes from will help you strategize how to grow it.

Step 2: Decide Where You Want to Go

What does financial success look like to you in six months? What about a year from now? Your goals should be specific, measurable, and achievable.

Short-Term Goal (6 Months): Add a percentage increase to your current earnings. For example, if you want a 20% boost in income, you’d aim to earn Kshs 120,000 per month in six months.
Long-Term Goal (End of the Year): Think about what’s achievable if you maintain your momentum. Perhaps your goal is to double your monthly income by year-end, reaching Kshs 200,000.

Step 3: Create a Plan

Here’s how you can bridge the gap between what you’re earning now and what you’d like to earn:

Ask for a Raise: If you’re employed, start by evaluating your performance. If you’ve added significant value, prepare your case and request a raise.
Explore Side Hustles: A side hustle can be a game-changer. Freelancing, tutoring, selling products, or offering services can add extra income streams.
Upskill Yourself: Learning new skills can make you more marketable, whether it’s in your current job or in exploring new opportunities. Online courses, workshops, and certifications are great starting points.
Invest Strategically: Consider putting your money into low-risk investments or savings plans that grow over time.
Cut Unnecessary Costs: Review your expenses and redirect savings toward achieving your income goals.

Step 4: Track Your Progress

Monthly Check-Ins: At the end of each month, review your income and see how close you are to your target. Adjust your plan if needed.
Celebrate Small Wins: Earned an extra Kshs 5,000 this month? Treat yourself to something small or reinvest it toward your goal.

Step 5: How Achieving These Goals Feels

Reaching your income goals is more than just about the money. It’s about:

Confidence: Knowing you can set a goal and achieve it.
Freedom: Having more options and less financial stress.
Motivation: Pushing yourself further in the future.

Final Thoughts

Setting income goals for the next six months and the year ahead isn’t just wishful thinking—it’s a blueprint for growth. Whether you’re looking to save more, invest in your dreams, or simply enjoy life a little more comfortably, taking control of your earnings is a powerful first step.

What’s your income goal for the next six months? Write it down, make a plan, and get started today. Remember, every little step brings you closer to the life you want.