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!

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3 Responses to The Law of Compensation

  1. Youre so cool! I dont suppose Ive read anything like this before. So good to search out any person with some original thoughts on this subject. realy thanks for starting this up. this web site is something that’s needed on the web, someone with just a little originality. useful job for bringing something new to the internet!

  2. There are certainly a lot of details like that to take into consideration. That is a great point to bring up. I offer the thoughts above as general inspiration but clearly there are questions like the one you bring up where the most important thing will be working in honest good faith. I don?t know if best practices have emerged around things like that, but I am sure that your job is clearly identified as a fair game. Both boys and girls feel the impact of just a moment’s pleasure, for the rest of their lives.

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