Which is harder to earn? $100,000 or $1 Million?
My friend Michael Angier at SuccessNet.org had a great post on his blog that is worth some contemplation. And it doesn’t just apply to money. It applies to everything.
I’m writing this message while attending Rick Raddatz’s Business Makeover.
I’m spending two days in Denver—then two more days hanging out at Rick’s home in Breckinridge—with several other business owners masterminding about our business, how it works and what we’d like it to be. We brainstorm ways to take their business to the next level.
Rick is brilliant—smart, quick, experienced and very perceptive. He cuts right to the chase.
I’ve learned a lot, shared a lot and gained tons of ideas and gotten great clarity on how to simplify, grow and add value to those we serve.
Yesterday, while we were brainstorming with one of the participants, we asked how much they wanted to earn per year. They were unsure, so we asked again: $100,000? $500,000? A million?
This person was still thinking about their answer when Rick said, “It takes about the same amount of work to earn $100,000 as $1,000,000.”
That really made me stop and think.
Is that really true? With only a little reflection I could see that it was.
I realized that I had worked harder to make $50,000 a year than I worked to make $100,000 a year. And I’m not working any harder today when I’m making a lot more than that.
So what changed?
Well, I know more now. I have more experience. I’ve built upon my strengths and I’ve gained confidence. But mostly I’m thinking bigger and seeing more opportunity.
So I believe Rick’s viewpoint is accurate.
It doesn’t neccessarily take more work to earn a million dollars a year than it does $100K per year.
It does require a good attitude. And it helps if you believe this premise to be true.
With that—plus consistent effort and dedication—you can do it, too.
My note: Most people think the solution to more income, or more of anything, is simply to work harder. I know a lot of broke people who work very hard. If working harder was the answer they’d already be wealthy. The right, consistent activity is always required to reach every goal, but that doesn’t mean you have to work any harder than you are now.
Stumble it!
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January 28th, 2007 at 4:37 pm
It is a very interesting thought that I can earn $1 Million as “easily” as $100 000. My goal is for the moment to earn $150 000 and I must admit that Vic Johnson’s latest words on working harder or hiring someone else has opened my eyes. The last three years I have payed all the bills for my husband’s business in order to save money … for him. Now I realize it is holding me back and makes me frustrated. Last Friday I spent the whole day doing his paper work, so now I am hiring someone else to do it
I need to work smarter, not harder. The question is … how? Has Rick recorded the seminar? I would love to get some useful input. Please share your experiences.
January 29th, 2007 at 11:40 am
Thanks Vic, that’s a great insight! I have learned while back that it takes same energy to dream small vs. big. But I didn’t think about the income side of this. Thanks.
January 30th, 2007 at 8:32 am
This is enriching. I want to learn how to make my own Millions
February 12th, 2007 at 8:48 pm
I love the masterminding concept. Who knows where your next great opportunity will come from, or the idea that can take you from $50k p/year to $50k p/month. I am learning to think big, which is frightening at times, but also very adventursome! It is an awesome journey I am on right now! Thank you!