The Law Of Compensation - Deepstash

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The Law Of Compensation

The Law Of Compensation

This Law clearly states the amount of money you earn will always be in exact ratio to :

  1. The need for what you do.
  2. Your ability to do it.
  3. The difficulty there will be in replacing you.

Let’s look at each of these things one at a time.

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Step Up To The Plate

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The Difficulty There Will Be In Replacing You

The Difficulty There Will Be In Replacing You

  • If there are five equally qualified and motivated people waiting for you to quit your job so that they can do your job equally well, you have very low leverage in negotiating a good or better salary.
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What’s your pleasure?

What’s your pleasure?

Prosperity is available to anyone who chooses it.

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The Need for What YOU Do

The Need for What YOU Do

  • People who are paying you for products or services put a certain measurable value on your contribution.
  • If there’s a great need for what you do, you are valued higher than if there’s not much of a need.

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Your Ability To Do it

Your Ability To Do it

  • When you work in a field where there is a tremendous need, AND you become very good at addressing or filling that need, your compensation goes way up.
  • However, you must be very, very good at what you do

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Focus on This for The Highest rewards

Focus on This for The Highest rewards

  • No matter how highly you price yourself, these three factors determine the amount of money or its equivalent you get for your work.
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Multiple Sources Of Income (MSI)

Multiple Sources Of Income (MSI)

MSI are passive revenue streams coming in that are beyond the income from your current job, vocation, career, or livelihood.

  • If you have a job, you only get paid while you’re working.

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316 reads

Continue To Visualise These

Continue To Visualise These

Just create the picture in your mind of HOW MUCH you want to earn and HOW YOU WILL LIVE WHEN YOU REACH your income objective.

  • Whether u feel comfortable with or believe t...

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307 reads

CURATED FROM

IDEAS CURATED BY

dymphna

Lawyer turned Artist Visionary Curator & Gallerist. Empowering self-love and joy through art & words. www.innerjoyart.com 💝 Instagram : dymphna.art

Another wisdom shared by my favourite success coach, Bob Proctor. 🙏🏻

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