Believe it or not there is one simple rule that applies when it comes to making more more.
Yup, that's not a typo
Have you ever considered why two people could be doing the same amount work for the same amount of time and one makes 10x more than the other person?
Why does a McDonalds’s worker for example gets paid only $9/hour where someone else is being paid up to $900/hour?
It's because of this one simple rule, and that is:
We get paid based off the amount of VALUE you bring to the marketplace.
Let me explain...
There is one simple rule to making more money and that is to bring more value to the marketplace (your workplace; job, business, society)
The reason why a Mcdonalds worker get paid $9 an hour is because they are bringing only $9 dollars’ worth of value into their marketplace per hour.
Now they can be very efficient workers and demand a salary raise but regardless that is not going to be a life changing amount of additional income.
The only way you can drastically change your income is to bring more value to the marketplace than you're currently bringing.
Here are some tips on how to increase your value and worth when it comes to making more money with this one rule.
1) Focus on self improvement
Learn to work hard in your job, career, and business, but even harder on yourself.
You do this by focusing on improving your skills and gaining more knowledge instead of working harder just to get more things done.
As you begin to master more skills, and use them to serve others, your value will begin to shoot up along with your bank account.
Ask yourself, when was the last time you invested in yourself by reading a book (and finishing it), purchasing a course, traveled to a seminar, or deliberately set out to learn a new skill that you don't already have?
The answer to the question for most of us is "Ehhh..."
And if that's the case for you don't panic (we all have to start from somewhere, even me).
Unless you begin to practice working on yourself daily there will be no difference between you today and you five years from now.
This is how people end up stuck and wondering how things never really worked out for them.
Big audacious goals are not achieved by average people. They are achieved by people who are capable of achieving them.
Good news is that you can always learn and grow into that person.
2) Results vs. excuses
What doesn't get measured doesn't get managed!
Similarly your performance is reflected through the results you have achieved.
So, if you are unable to meet a goal that you have set out to accomplish most of the time it an indicating of something wrong in your performance.
It could be a lack of skills, work ethic or direction.
Don't let excuses get in the way of the result you are looking for.
Focusing on your results serves as a guide that will help you bridge the gap between where you are and where you want to be.
They will help you analyze the situation and if need be, develop the right habits that are necessary for you to increase your value in a positive way.
3) Mastery vs. overload
If you want to make consistent progress in your life, learn to focus on mastery vs overload.
Many people get caught up in the hype of being a jack of all trades but at the end of the day become a master of none.
By all means, nobody is restricting you to stick to one skill only. But when you are starting out, it’s important that you focus on one skill that you can excel in and build up from there.
Like the saying goes:
I don’t fear the man that knows 10,000 different kicks... I fear the man who knows 1 kick and has practiced it 10,000 times.
Success leaves clues
We have many different examples today of people have developed one skill, and now thanks to that one skill, they are famous and compensated heavily for it.
Look at Lebron James who mastered the craft of basketball or Elon Musk who is a master of entrepreneurship and building businesses.
All you need to do is find a missing gap in the marketplace, a need or a problem which requires a solution.
If you can be the one to provide that solution, that sets you a part. The more value you bring with you, the more money you will earn from it.
This simple rule for making more money is often overlooked because its just too simple.
Don't make that mistake!
Start off by working on yourself and increasing your value.
Once you start there, there is no stopping you and the sky's the limit.
Jim Rohn set a perfect example of this.
He went from being completely broke in his mid twenties to becoming a multimillionaire several years later.
His success was in his ability to increase his value and worth.
If he could do it, we all can do it too.
It’s just about learning to focus on increasing your value and using that as leverage to help solve a need in the marketplace.
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