Tag Archives: earn more

What can I do to double my income?

Here is the truth no politician, few economists, few teachers want to tell people, and that few people want to hear: certain jobs are only worth a certain, maximum number of dollars per hour, whether you’ve been there doing it for one year, ten years, or thirty years. Longevity does not necessarily merit more money because the individual’s length of time on the job does not necessarily increase the real value of getting that job done. (Dan Kennedy)

Many helpdesk people would be happy to get their income up to $35,000 per year. They are doing a helpdesk job that requires a few months of education and some ability with computers. 

I am doing a search for a helpdesk person who will earn $75,000.  If I can find the right person, they will be hired in 2 weeks.  There will be no quibbling about the salary.  It really is just a helpdesk job.  But this job requires experience setting up security between servers and applications.  This helpdesk person is going to be helping experts. 

I know CPA’s who are Controllers earning $45,000 per year and others earning $250,000 per year.  Some of those $45K Controllers work longer hours than the ones earning $250K.

The difference is that the people earning less are easy to replace. They have prepared themselves only so much, and demand only a little from their jobs and themselves.  Those earning the big bucks have taken risks, educated themselves, taken responsibility, and proven that they will make or save a lot of money for their company.  

How you double your income is to prepare yourself for a job where you will be hard to replace.  And you will have to be willing to change jobs, if not companies. You have to become a people person and a problem solver.  If someone believes you will make them $4,000,000 in profit this year, they will pay you a $250,000 salary without blinking.  If you work for a company with total revenue of $250,000, you couldn’t possibly be worth that much in salary.  If you can be replaced by a smart person with a month’s worth of training, you will probably earn less than $40K, no matter how good you are.

You can double your income.  I have seen it done in one or two years by people earning $20K and $100K.  It took, training, people skills, hard work, focus on what’s important, and earning or saving their company a lot of money.