This episode is going to be about the standards you set for yourself without knowing it and how they can impact your reality.
When I was younger, I used to make 14 an hour. I remember myself working 2 jobs hustling away thinking that i was making real money as minimum wage at the time was $10/hour.
At that time in my life i traded my time for money and i was happy with that. I mean when you're young you don't really know any better.
My standards at that time were based on everyone else around me, I was 18 and all of my friends were either not working or they had jobs in retail stores making the average.
Before i go on i want everyone to know that i'm not beating up on people making that right now but it's simply to express what standards are. .....
So i went on working for years slowly increasing that income thinking that was exactly what i wanted to make and traded my time for money. At one point i started to think that it would be perfect to make $20/hour and then i would be set. Yeah the young mindset was strong
At one point i started listening to a ton of podcast content at work and they kept bringing up a concept of setting your own income targets. I was shocked.
They kept on saying to bill people based on the value of the work done, not the time put into it.
For example if you are working salary or hourly building chairs your employer would give you $20/hour for that. In turn they will bill the client $400 for the work you put into that same chair.
Now when you flip that mentality you can begin to bill your client 400 for that product yourself so instead of only making that hourly rate, you can bill the client for the value of the work done whether it takes you 10 minutes or 10 hours.
When you do this you begin to look at things differently.
After learning this i was hyped, I was thinking to go and ask my boss for the value i provided instead of an hourly rate. I actually did this.... And then he said no. After that i knew I had to change things up.
I began to look for some work to do which i could bill the value for my work rather than the hours i put in.
Soon I started a new sales job with a major telecom provider in Canada and saw that commission is the first step to billing for value. Soon I started to get paid for the value i put in and my effort rather than my time.
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