I recently saw a post by Leila Hormozi where she explained the difference between a 50K USD a year worker and a 100K a year employee.
A 50K USD employee requires a lot of supervision, help, guidance, correction, and instructions from their manager. In comparison, a 100K USD employee proactively searches for solutions and improvements. At the same time, they are investigating and studying on their own to provide excellence in their game.
One works alone, and the other requires a lot of time, effort, and babysitting from their manager.
She summarizes it in the following three factors:
1. Decision-making.
50K USD a year employees cannot make decisions on behalf of their manager. They need a lot of guidance as they lack confidence, expertise, and research skills to make data-driven decisions.
100K USD employees have the authority, expertise, skills, and network to make decisions on behalf of some of their leaders to speed up and improve their process.
2. Self-directed
A 100K USD employee knows how to utilize their time, direct and manage themselves.
A more junior team member requires a lot of guidance on structuring their day, focusing, prioritizing, etc.
3. Problem solvers
50K USD a year earners reach their manager for help each time they face a problem. They need support, guidance, and ideas to solve issues all day long. These more junior resources do not make good decisions and require tons of attention from their supervisor.
100K USD employees let their managers know on their touchpoints about problems they solved and took care for the leader to be aware of the latest news. These senior workers remove work from their managers and do not derail their manager’s focus from their role.
But, besides being able to work on your own, you must possess high valued skills to earn more from your active income.
A great example from Alex Hormozi:
Let’s imagine you like math.
Then, you decide to keep someone else books.
It has been profitable enough. Therefore you study and become a CPA.
Once there, you decide to learn about the tax code and tax strategies, which allow you to save thousands or millions to companies.
Then, you become an expert by decreasing liabilities with insurance to big corps.
Each talent becomes disproportionally more valuable than the last one.
Intelligent and strategic skills staking compounds with time!
Skill Stacking is an approach to learning that will help you become a better version of yourself. The objective of the process is to learn and master new skills and then combine them to make yourself more efficient or valuable.
Skill Stacking is an approach to learning that will help you become a better version of yourself. The objective of the process is to learn and master new skills and then combine them to make yourself more efficient or valuable.
Switch your mindset; realize you are 100% responsible for your active income.
Be accountable for the reality you live.
There are self-made millionaires and self-billionaires, but there are also self-50,000USD a year earners.
If you are not happy with your income level, it only means you must increase your value.
Improve your skills to become more valuable.
When you face a roadblock to achieving what you want, think about the skill you lack.
Instead of complaining about the conditions you face that stop you from achieving your desired result, identify the skills you need to conquer to move ahead to the next milestone.
For example, I realized I was awful at public speaking, which I needed to master to execute my job excellently.
Therefore, I started reading and practicing pitching, confidence tactics, and executive presence to level up my game.
It’s a long road, but instead of criticizing what it’s outside of your control, improve yourself and move to the next stage of your career.
Author: Ruth Valverde A.
When you face a roadblock to achieving what you want, think about the skill you lack. Instead of complaining about the conditions you face that stop you from achieving your desired result, identify the skills you need to conquer to move ahead to the next milestone.
Would you like to know what you need to work on to conquer your next professional level as a financial professional?
knowledge IS POWER!
Learn more!
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