Certain professions/trades produce more value and, therefore, those who work in those professions/trades earn more money.
Entrepreneurs, Doctors, Dentists, Prosthodontist, Oral Surgeons, Electricians, Crane Operators, Attorneys, Certified Public Accountants, Financial Advisors, Sales Managers, Financial Managers, Nurses Anethetists, Construction Managers, Boilermakers, Plumbers, Specialized Tool and Die Manufacturers, Airline Pilots, Property and Casualty Insurance Agents, Tenured University Professors, Engineers, Aircraft Mechanics, Pile Driver Operators, Computer Network Specialists, Funeral Service Managers, Software Developers, Pharmaceutical Sales, Pharmacist, Actuaries, IT Managers, – these professions/trades all produce, on average, a better than average income.
Why?
They have a perceived value that is, on average, greater than other professions/trades. These professions/trades also happen to require a greater amount of education and training, than on average, other professions/trades.
The amount of money you earn is directly correlated to the amount of perceived value you provide. The marketplace rewards those with a higher income who have the highest perceived value.
So, the common denominator is perceived value.
If you want to make a lot of money in your work life, you must provide value.
Becoming a person of value, then, should be your goal. But this is not an easy goal. It requires a constant investment in formal education, self-education and daily deliberate practice. You must, every day, maintain or improve your knowledge and skills. This requires a lifelong commitment on your part.
If you are unhappy with your income, it is most likely because the profession/trade you are in places a lower value on your profession/trade. To earn more, you must increase the value you provide to others.
Your income is a mirror. It reflects the value you provide to others.
About Thomas C. Corley
I think it is all about providing service to others. How can one best use their skills to serve others? Make the most of your God given talents to serve others and the wealth will follow. I think also it is very important anyone who wants to be wealthy should spend a certain amount of time each week studying wealth and how it works. At the end of the day you want acquire enough assets producing multiple income streams to cover all your expenses and for there to be an overflow for you and generosity to others. That’s the ticket to financial freedom.