Money Miniseries #7
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Employees, Increase Your Flow of Money
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As promised, in this edition of the Money Miniseries, we’re going to go over what increasing the flow through each of the 4 ways to Create money looks like.
Just as a reminder, there are 4 ways that opportunities to Create money will manifest from your Attraction.
1) |
Employment |
Exchange time and labor/service for money |
2) |
Self-Employment: |
Own a process for exchanging time and labor/service for money |
3) |
Business: |
Create/own a system that brings together the time, labor/service, money and other resources to Create goods or services and exchanging them for money |
4) |
Investment: |
Exchanging money for an asset that represents the opportunity/potential for more money |
We’re going to start with Employment since that’s how the vast majority of people in the world Create money and will be the easiest for most people to relate to and understand.
The Flow:
You utilize your skills, time, and effort |
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The various departments in your employer combine the skills, time, and effort, of its employees into goods and services |
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The marketing and sales departments of your employer provide those goods and services to the marketplace through various channels |
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Customers find that the goods and services are valuable and help solve some of their problems |
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Out of appreciation and gratitude, the Customers give their money |
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Your employer takes that money and saves a portion not only to Create more goods and services, but to improve them as well. |
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Your employer distributes the money to its various departments in appreciation for the work they do in Creating the goods and services. |
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You are given money by your department in appreciation of the time, effort, and skills you used to help create the goods and services. |
Note that in Employment, your employer takes the risk that the goods and services are not valuable to customers or do not solve their problems. In that case, no one has any reason to appreciate your employer and no money flows towards them.
However, in most cases, you will still get paid because your employer knowingly took that risk upon themselves and still appreciates your skills, efforts, and time.
Increasing the Money Flow when on the Employment path:
During my career in capital markets, I averaged one promotion every 9.3 months.
I went from analyst to trader in 19 months at one company. In another that hadn’t internally promoted anyone to portfolio manager in over 7 years, I was promoted from a middle office analyst to a portfolio manager in 23 months.
Understanding how to flow appreciation and money through employment will help you quickly get promotions and raises, increasing your personal flow of money.
How?
Note that your employer appreciates you for your time, effort, and skills.
So, naturally, most people try to increase their flow of money by increasing the time, effort, or skills that they put into their job. They work extra hours. They work harder on the job. They go back to school to increase their skills.
And this works…
To an extent.
This is because there is a limit to which an employer will appreciate each of these things. Extra time, effort, and skills does not necessarily translate to extra value.
So if you want to increase your personal flow of money when you are employed, rather than increase the time, effort, and skills you provide, ask these questions instead:
What are the most pressing problems in my department or group?
How can I alleviate those problems?
What can I do that will be very valuable to my group or my boss?
Essentially what you are asking with these questions are, how can I get my employer to appreciate me more and to be grateful for me? We are treating your employer exactly the same way your employer treats their customers. What value can I provide? What problems can I solve?
If you don’t currently have a job or would like a different position, then there are a couple of additional questions to ask. Let’s say you want a position as an X. That X could be an accountant, an analyst, a manager. Whatever position it is that you would like to have. Ask yourself these questions:
What are the things that an X does every day?
Out of those things, what can I do every day?
At the beginning you’ll be doing more than what you’re paid for. You’ll be doing more than your job.
But that’s ok.
Remember, it’s “give and you shall receive” not “receive and you shall give.”
We are opening the flow of appreciation. We are flowing appreciation from your employer to you. And when that appreciation reaches a critical mass, that appreciation will take its physical form: money.
There is a beautiful quote from Zig Zigler that sums up this principle:
“When you do more than you're paid for eventually you'll be paid for more than you do.”
-Zig Zigler
If you’re look for a raise, a promotion, or a job, take some time and ask yourself these questions tonight. This will start your Attraction process, bringing you ideas and opportunities. Write them all the answers you receive and can think of.
Then put the Law of Motion into action. Take action on one or two of the things your wrote down.
May your flow of money forever be increasing from this moment forth!
Kane
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