This is my first quote analysis in this blog, which aims to give you very valuable lessons from successful people, that could help you achieve your financial freedom.
I have a habit of going to walk out in nature. What I usually love to do is to listen to lectures about almost any topic, whether it’s about the economy, self-development, religion, etc. you name it. I love to listen to something useful that I can get some very valuable information about.
One day when I was listening to Jim Rohn on YouTube a video called “Jim Rohn Increasing Your Value to the Marketplace” when I listened to this valuable video I learned something very good lesson about how valuable you are to the marketplace and thus how your income is determined.
People who get less paid are not valuable to the marketplace.
Jim Rohn
This has nothing to do with personal relationships with the family, and friends, in the eyes of God, etc. Now we are only talking about the person’s income when they enter the world of work.
This statement struck me immediately and I also understood why I get a specific amount of salary each month versus someone else. I also immediately understood how I could make more money.
Example of valuable people in the marketplace
Think about why Elon Musk is the richest person in the world. The answer is he has brought so much value to the marketplace. How? By creating various companies like Tesla, SpaceX, X (previously known as Twitter), Boring Company, Neuralink, etc. All those companies have contributed greatly to society.
Another person for example is Jeff Bezos, who created Amazon. Amazon doesn’t make so much profit from its Amazon shopping like Amazon cloud service (AWS). The true value of Amazon can be found in Amazon’s cloud service. Amazon AWS has brought so much value to different companies in the world, thus he is a very valuable person in the marketplace.
How about Warren Buffet? Well, he has been very known for his success in the stock market. He started from only $10K – $15K when he started investing and now he is one of the richest people on Earth. Why? Because he brought so much value through investing.
As you can see they all have something very valuable built in not only effected to the marketplace but also in society.
How to become more valuable to the marketplace?
So the lesson Jim Rohn is trying to teach and put in my own words is that “Your income is determined based on how valuable you are to the marketplace.“
Think that for a second and I am sure you have already understood it.
Now the question is how you can increase your income, e.g. salary? The simple answer is becoming more valuable. Well, how you can become more valuable to the marketplace? The simple answer is by studying, learning, gaining more experience, having the courage to take more responsibilities at work if you can, participating in projects, and always doing more than what is expected from you.
Once you do those suggested things I can guarantee you will become more valuable to the marketplace, thus increasing your income as well, whether it’s salary or even getting opportunities in companies that provide for example stock options that would be rewarded on top of salary.
Conclusion
I try to keep these quotes analysis short and bring only the main lesson(s) you need to know. What do you think, does this make any sense to you? Please let me know in the comment section below.
