I want to share a quick idea with you about why you should not get paid an
hourly wage. The title of the blog today is why you should not get paid an
Now some of you will say, “Well, why not? I like to get paid. I like to receive money in my bank again. Why should I not get paid an hourly pay?” But actually, if somebody is offering you to get paid per hour, you should run. You should run as far as you can. I'm kidding of course, all of us have done jobs where we get paid per hour probably each and every one of you will watch this video you either still doing it or you've done it before. However, if you can, I would recommend you over time to get away from being paid per hour into different kind of way of earning money.
What's the problem Gediminas with being paid per hour? Well, very simple problem guys. You only have 24 hours in a day, you cannot make more hours. You only have those 24 and everybody has the same 24 hours. There’s no way for you to get more time. So time is limited. It's limited to 24 hours in a day. So if you get paid per hour, and you know the time is limited, the hours are limited therefore, then your income is limited too.
If you choose to work in a job that pays you per hour, doesn't matter whether that's 10 pounds an hour, 20 pounds an hour, 30 pounds an hour, 50 pounds an hour, it's still limited to the amount of hours that you can do. So if you choose to stay in the job, or it might not be a job, you might be self employed, but you still doing a service per hour, you'll be limited to how much you can earn because time is limited. Hours are limited in a day.
What is a better way of earning money guys, scaling and leveraging, scaling up and leveraging and most of the time, the only way you can do that is not in a job. But you can do that in a business. So what is leverage? Leveraging is when you’re now using not just your own time, but you're using other people's time in order to make money. And if you have a job right now, your employer is doing it. If you get paid 10 pounds an hour, guess what, your employer is probably making 20 pounds an hour, selling your time to somebody, or selling your services to somebody.
Because that's the only way how your employer can employ you, because they need to be making money. So if they're paying you 10 pounds an hour, they're making more. And that's how they are leveraging. So your employer doesn't have to go to work. Your boss doesn't have to go to work because he employs five people, 10 people, 15 people, 50 people, hundred people, thousand people, and all of those people's time, your employer is making money. That's called leverage.
And that's the type of income that you want to get in where you’re no longer tied to just earning on your own hours, but you're earning on other people's time, because then you can multiply because you only have 24 hours in a day. But if you hire two people, now you'll go 48. If you hire four people, now you got 80, 90 something and so on. It keeps increasing. So one is leverage?
The second is scaling up or using passive income sources. So imagine JK Rowling, who wrote a book, Harry Potter, and I'm sure all of you heard of Harry Potter. So she does the job once writes the book, but now that book goes on to film production, people buy that book. So she does the job ones, but she gets paid over and over and over because the same book that's been written now is being purchased thousands of times. That's leverage. That's passive income because you do something and that job is making you money over and over.
So again, you need to think about how can I get myself into making money again and again and again, from the job I do once instead of having to do the job every single day, instead of having to do hours every single day. That's the only way to scale your income. Because it's very difficult to scale your income from 10 pounds an hour to 500 pounds an hour in a job. Would you agree with that? You might go from 10 pounds an hour to 11 pounds an hour, or maybe to 12 pounds an hour, if you're lucky to 15 pounds an hour. Or maybe if you really crush it, you can go from 10 pounds an hour to 20 pounds an hour or maybe 30 pounds an hour. But what's the chance for you in the job to go from 10 pounds an hour to making 300 pounds an hour 400 pounds an hour.
Wouldn’t be easy, would it? It’s a rarely you have that type of progression within your job. But in a business, you can have days where you make 500 pounds an hour, 1000 pounds an hour and so on by building your business. You can have days where in a day you make 1000 pounds, you can have days where you can make 2000 3000 4000 pounds in a single day, because you're not being paid per hour guys. That's the power of leverage and the power of passive income. If you wrap your brain around it, you will run from the hourly pay jobs as fast as you can.
When people ask you to do a job for hourly job, you'll be very reluctant to accept that because you understand that your time could be worth a lot more where you could serve instead of serving one person within that hour, you could serve 10 people, 20 people, 100 people, 500 people in that one hour, and then all of those 500 people can pay you for that one hour.
So what's better, to do a job and get one employer to pay you for that one hour, or to do a job for one person and then one person pays you for that one hour. Or is it better to do a job for one hour that serves in one go 10, 20, 50, 100, 1000 people and all of that thousand people pay you for that one hour. Can you understand how much money you can actually earn? It's limitless. Time is limited. That's why you cannot be exchanging time for money. But opportunity to make money is limitless as soon as you change your approach.
That’s my training and tip for you. Hope you got value some value in this blog post, if you did, feel free to share it with other people. If you would like more amazing trainings check out “Network Marketing Success Training” group http://titaniumsuccess.co.uk/successtraining.php. There are 10 amazing lessons in this training course that will help you get the breakthrough in your business!
Yours in success
In : Personal Development
Tags: it's not worth exchanging your time for money