Compensation, Salary, Money, Wealth. These are important concepts which may cause some angst in some people in having too little and some for having too much. But, think about it – what do we mean by compensation and how does it affect our daily lives and even our personal self? Money sometimes gets a bad rap in our society especially when you see the Hollywood type spending frivolously, including millions of dollars on weddings, drugs and egotistical lifestyle. Even though compensation, (or a person’s salary), is a must in our lives, is it okay to wish and dream about having more of it? Let’s face it, our income is the benefit that comes from our professional lives and in turn that creates our lifestyle.
Many people constantly contemplate on how they can improve their income, which is a good objective to have. It drives people towards bigger goals, bigger achievements in their lives, rather than living a mundane existence. Money also drives people to create. Your income allows you to be more, do more and have more without the stress in being in uncontrolled debt. When you have more than enough, you can live a life full of joy, abundance, and explore new avenues in finding your true purpose.
Some people wonder why they are stuck with a salaried job with only a small incremental raise every other year. Well, there is a Universal Law that is called the Law of Compensation. The Law of Compensation outlines three points to follow if you want to improve your ability to earn a salary of any amount – $75,000 to $150,000 to $300,000 to over a million.
- The First Law is: The amount of money you earn is always going to be in direct ratio to the need for what you do.
- The Second is: Your ability to do the job that is needed; and
- The Third law is the difficulty there will be in replacing you.
So, if there is a need for what you do, then it’s your ability to do it is the most important factor for your salary or wealth to grow. For if you have great ability, then you will be difficult to replace. Thus, focus on your ability to do what you do.
Most of my days are spent coaching people to focus on the great ability they have within themselves to grow professionally. This in turn enables them to achieve more wealth in their lives. I coach my clients to make the decision to continue to grow in order, so they do not become stagnate in their career. In order, to prepare themselves for new challenges and new dreams, people need to continue to study what they want. I want all my clients to become more productive– for it’s my belief every person needs to strive to become the best they can be every single day of their life.
One of my favorite quotes is from Steve Bow of Prudential Life Insurance, “God’s gift to you is more talent and ability than you will ever use in one lifetime. Your gift to God is to develop and utilize as much of that talent and ability as you can, in this lifetime.”
People can utilize their abilities by learning how to communicate more effectively, and by doing so their wealth will continue to grow on a yearly basis. According to the Law of Compensation, all the money in the world is available to you. There’s only one catch – you must earn it. Of course, you can inherit it. Or you might win it through playing the Lottery but truly the fun is not having it, the fun is in earning it. The universe will provide you with good things, if you use it wisely and not as an egotistical Hollywood Oscar winner.
So, get rid of the idea that Money, Wealth, Compensative and Salary should be an average want in your life. You have amazing ability within you. You are God’s highest form of creation. Set your goals high, then keep setting them higher when you achieve your present goal. Your wealth will be so great you can’t even imagine how you will be more, do more, and have more with true Joy, Abundance and finding not only your true Purpose in Life, but also the authentic life God wants you to achieve.
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Kathy Petersen is a certified PGI Thinking Into Results consultant who provides personal development guidance for people who are stuck in a rut and feel their success, goals and dreams are unreachable. She teaches an individual or team how to Make Quantum Leap Results in their lives.