Rich People Want to Be Paid For Performance:
The average individual chases a wage based on time – an hourly rate or steady salary. In doing so, the masses virtually guarantee themselves a lifetime of financial mediocrity, characterized by a modest salary and pay raises. Rich people, on the other hand, often choose to be paid based on performance. This comes in the form of commissions, stock options, profit sharing, etc. – adding their value and then being paid on a recurring basis. Overall, they’re able to set themselves up to receive income even when they stop working – recurring commissions will continue to roll in well after the initial sale.
So what’s the problem – why isn’t everyone focused on being paid like this? The answer: people are simply too scared to come off the sidelines and get on the playing field. They opt for the comfort and stability of a steady paycheck, rather than taking their chances running their own business. International sales expert and New York Times best-selling author, Grant Cardone, believes that individuals need to stop working 9-5 and start working 95 (hours per week). “There’s no shortage of money, just a shortage of people doing 95 hours each week”. So what should you take away from all this? Don’t put a ceiling on your income and start thinking like a rich person.