Understand ‘Value’ before you make money
What exactly is money?
When you wanted to buy that new Mac Book Pro laptop that you had been dreaming of, you forked out a couple hundred dollars in order to make the purchase. How did you get that money in the first place? You worked for it, exchanging your time and effort in order to earn the money. Once you had the money you exchanged it for the laptop, the manufactures of the laptop charged you accordingly on the basis of the time and energy they required to make the product. They valued your money, and you valued their product. Money is the medium for the exchanging of VALUE.
Value is everything
Value is what makes the world go round, the exchanging of value has given rise to an incredibly dynamic world economy which now seems to have become an entity in its own regard. Billions of people go to work everyday for the main purpose of making money, they sacrifice their time for the promise of more prosperous future. This arrangement can be fulfilling if the work done is aligned with ones core values, and life purpose, however by the same token this can also cause a lot of heartache if the work is not fulfilling.
People who work jobs that are not aligned with their life purpose tend to feel as if they have become a slave, a rat trapped in a wheel, they become a participant in the infamous ‘rat race’. Do not fall for this trap, you will waste your life chasing money which can be elusive, all while wasting away your most precious asset, your time.
So why do some people just have more?
Think of an employee at Mc Donalds or any other fast food dead-end job. Generally the guy who makes the fries does not rack in the big dollars, despite the fact that he or she probably works hard, and spends a lot of time on the job as well. The girl working the cash register at your local supermarket probably works hard as well.
The reason these jobs do not pay a lot is because they inherently are low value jobs, they are low value because of the ease of access to the job. It does not require any rare or special skills to work a cash register, 99% of the population would be able to manage it with some brief training. If a something is widely abundant it loses its value, this is why toilet paper is so cheap! People enjoy things that are scarce, hence why people sleep outside the nike store to buy some $300 Jordans.
Now lets look at the other side of the spectrum at the millionaires and billionaires. Think of Facebook, it gives you value because it allows for you to be able to connect with other people easily online. A farmer would appear to give you more value because they help supply the food you eat, which unlike Facebook is actually crucial for your survival. The farmer however due to the nature of his job is only able to impact a few thousand people with his harvest, where as Facebook is able to impact billions of people.
Facebook has leverage on its side, it has an enormous reach, and does not depend on any one person to perform hours of back breaking work. The revenue that Facebook generates does not rely on the variable of time, the owners are not paid per hour like a person working the 9-5, and because of this they have removed the limitations of what they are capable of doing.
You will never get rich from working at your job
The numbers are stacked against you if you choose to play societies games and join the rat race. Only very few people actually get rich from working, and these people are generally in the upper echelon of the work placement hierarchy in job positions such as; CEO, General manager, CFO. If you are serious about making money you need to understand the importance of leveraging time, which is the most important asset of your life.
You need to create value in a way that removes you from the picture. Working 9-5 limits the amount of money you can make a day, your money becomes dependent on your time, a basic understanding of mathematics will show you that this will not deliver the results. This is why people gravitate towards working for themselves, it allows them to be able to leverage their time, and find ways to create more value for the world.
There are a lot more variables at play that determine why some people have massive financial success and why others don’t, these will be discussed at a later date. For now understand the core of it all;
- This world rewards those that are able to give the most value
- Working for someone else is generally not the path to wealth
- The creation of huge value, requires huge leveraging of time
What have you done recently to increase your own Value? Comment Below!!!