Wednesday, August 16, 2006

You're worth more than that

Regardless of how much you earn, if you are employed by someone else, you're making less than what you're worth. Even after you include the health benefits, retirement plans, etc., the employer is still making more from you than they are paying you.

Just think, if you were the business owner (I wish we thought more like business owners), you could only pay your employees a percentage of total revenue, or else you wouldn't make any profit.

A quick story…when I was growing up, we lived near a major flea market. My grandmother owned a large plot of land adjacent to the market and allowed us to park cars on the land. So, every Saturday, all the grandchildren would go out and park cars. At the end of the day, we brought all the dollars (total revenue) into “Momma” to get our piece of the pie (salary).

Well, for every 3 dollars I collected, Momma kept two and I got one. Initially, I didn’t even care to ask how my "salary” was calculated in light of all the revenue I produced by my hard labor in the hot sun. However, when I got a little older, this was a concern. So, I asked the question. Momma’s answer to my question is one we all need to understand:

When you OWN the land, then YOU control who gets the money.

She went on to explain that as a land owner, she was RESPONSIBLE for the taxes, and the insurance, and the maintenance, etc. However, her initial answer was so powerful, I didn’t really listen to the explanation.

Moral of the story: unless you are the owner, you’re getting paid less than what you’re worth.

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