Wednesday, December 31, 2014

Three Levels To Increase Your Earnings

Do you want to make more money? Have you ever wondered why some people make more than you or why you make more than other people? Have you ever wondered why money is so important?

Money is a key factor in our capitalistic society. According to Maslow's Pyramid, there are a variety of needs that money can help satisfy, anywhere from keeping food on the table all the way to funding your life's purpose.

In Rick Warren's "A Purpose Driven Life", he talks about living a life of purpose.  In this sense, money can fuel a mission for your life based on your specific talents and abilities. To do this, you must realize that every single person you meet will be better than you at something and the reverse is also true.  Just realizing this will improve your own self image as well as your valuation of other people.

As we, travel up Maslow's Pyramid and think about living a life of purpose, we see the answers to our question above. When a person is focused solely on putting food on the table, their outlook on life is highly focused on themselves, so they typically make just enough to get by. When a person starts to see that they have control over improving their own situation, they start a journey of improving their own capabilities, indirectly providing more value to others and earning more.  Finally, the most valuable of all is the focus on serving others and helping them to accomplish their goals.  From this standpoint, you will surely be forced to improve yourself, which in turn will make you more valuable, therefore, receiving higher compensation.

In summary, here are the three levels of focus:
  1. Focus on making more money
  2. Focus on improving yourself
  3. Focus on serving others
This post was reposted from http://finlit.biz/business/three-levels-to-increase-your-earnings/, originally written on August 15th, 2013.

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