In monetary terms,
the answer was simple, obvious, and clear. Highly paid people are highly productive. They use their time better than average people. They get more and better results for which people are willing to pay them. They spend more and more time doing more and more things of greater and greater value.
Here is a question What is your most valuable financial asset When I
first
heard this question, I was not clear about the answer. Then I learned that it is your earning ability Your ability to earn money is your most valuable financial asset.
You could lose your job,
your home, your car, and all your savings and investments and be left there standing on the sidewalk with only the clothes on your back. But as long as you
still had your earning ability, you could earn it all back and more. This has happened so many times for so many people that it is almost an urban legend.
Why do the CEOs of Fortune 500 companies earn an average of more than $10 million per year It’s because they have developed their earning ability to the point where they can get results that are sometimes hundreds of times greater than their salaries in terms of profitability for their companies. Companies are willing and eager to pay them almost any amount because of their proven ability to generate millions and even billions of dollars in profits. And if they lost their jobs for any reason, they would immediately be hired by another large company and paid $10 million per year or more.
Earning Ability DefinedYour earning ability is your ability to get results that people will pay you for. It is not your ability to go to work,
put in your time, and play well with the other kids It is your ability to get the job done quickly and dependably,
on time and on budget.
All success in the world of work boils down to one simple result task completion.
In the final analysis, your ability to complete your tasks consistently and dependably is what makes you a valuable and indispensable resource to your organization.
Top people develop the ability to complete bigger and bigger tasks that have more and more value. They develop the reputation of being the “go-to person.”
People say, If you
want it done quickly and well, give it to him or her.”
Share with your friends: