A good many of us aren’t satisfied with their annual income and would like it to be a little (or a lot) higher. More specifically, we wish that we were being paid more for the work that we do. However, we often overlook a point that is well worth remembering: work is unlikely to make you rich. Not that everyone wants to be, of course, but whether you work for yourself or for someone else, the chances of actually becoming rich by it are slim. Receiving a bigger salary probably won’t make you rich, unless you happen to invest a good part of it in a building a variety of assets. That said, increasing what we earn is undoubtedly a good start.
One of the first steps on the path to earning more for what you we is of course to believe that we are worth more, but there’s got to be more to it than that. I thought it would be interesting to spend a little time working through the problem and so I set myself a challenge which I will now pass on to you. So, here goes. Think about something that you do; not the whole entirety of what your job or role is, but some aspect of it. That something must have value to somebody (an individual, group, or organisation) or else you wouldn’t be getting paid to do it. Now, think of what might seem a ridiculous amount of money that somebody would pay for that something. How about five times whatever is you’re getting paid to do it now? Does that feel ridiculous? Do you feel ridiculous thinking somebody would pay that much? If a multiple of five seems like too much of a reach, how about three times? What would it take for someone to pay three times over what you’re currently getting paid for that thing that you do? It’s highly like that somebody will pay three times as much for that thing, and that somebody right now is getting paid three times as much as you for doing that thing.
If we feel ridiculous thinking somebody would pay us five times more, well maybe the joke is on us because, really, what they’re paying for isn’t the something itself, it is the X factor that is inextricably tied to that something. Individuals, groups and organisations will pay, but not for any old thing. Once we discover what it is that makes the difference, and what makes three times or five time above the median equate to value and a price worth paying, then we need to put real effort into figuring out how to deliver it.