The Law of Compensation
I was listening to Bob Proctor, one of my mentors, the other day. He was talking about the Law of Compensation—you know, how much money you can make. He said the amount of money you can make is based on three things:
* The need for what you do.
* Your ability to do it.
* How hard you would be to replace.
Of these, the only thing we can really control is how well we do whatever we do. So, we just need to get better at what we do.
I decided that was worth considering. Naturally, I want to be doing something I enjoy, or trying to get better at it will really be an exercise of willpower! I guess that’s why I invest in real estate. I love to look at, fix up, restore, and just be around houses. My husband and I have spent our careers in construction and renovation, so real estate investment is a natural transition. Besides, that gives me something else to learn, and I LOVE to learn new things.
What do you love doing? What can you get really good at? How can you get someone to pay to you to do that? Figure that out, and you will never have to work again (doing what you love doing doesn’t count as work, does it?)
Congratulations! You are now an entrepreneur!