Your Skill Level = Your Success Rate

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Imagine two people:

Person A works at a hamburger place and flips burgers for living.

Person B works as a brain surgeon at a hospital.

Who earns more?

Why does one person earn more?

It's because one has a more complex skill than the other one.

Person B spent thousands of hours of learning a new skill, how to operate a brain of a human being.

Person A spent maybe 1 hour to operate all the machines in the kitchen (you get the idea).

You get paid in proportion to your skill level.

One very profitable skill level that will ALWAYS be in demand "How to more customers for your clients". That is a complex topic, but can be quite lucrative.
#mind warriors #level #rate #skill #success
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  • You're missing the point. It's not the complexity of the skill, it's the value of that skill or commodity to the market. In a famine, the burger seller could name his own price.

    The entertainment industry is awash with hugely talented musicians who earn a fraction of their less skillful but more commercially acceptable peers. In publishing, Dan Brown, for example, outsells countless better writers. People, in general, don't buy because of any perceived skill complexity. A brain surgeon might be well paid, but it's a specialist niche and usually only called upon in life or death situations. Even then, no surgeon earns as much as Beyoncé.
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    • You're totally missing the point!

      If you compare a VA who is paid to fill forms online versus a person who is consulting fortune 500 companies on how they should conduct their businesses... Who would be paid more? Who's job is more complex?
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    • You beat me to it. Yup, we are compensated for the value we bring to the marketplace.

      The world is awash with highly skilled poor people. And it's also awash with mediocre performers who know how to sell their skill.

      It's also populated with people that are paid on some criteria other than skill level; celebrity, political position, social position, timing, who they know or are related to.....

      We are compensated depending on what society is willing to pay for what we contribute.

      As the most skilled bloviator alive, I stand by my position on this matter.
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    • I'd add to this: People pay you on the perceived value of your skill.
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  • I agree with Frank Donovan. If there's a food shortage and a lot of starving people, he may be able to charge more for a hamburger than the brain surgeon for brain surgery.

    Let's not forget though, McDonald's employees want to increase minimum wage to $15 an hour. - just thought I'd mention that lol
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    • Sadly, $15 an hour minimum wage does not cover the cost of living in Los Angeles, and McDonald's is charging high prices for whats now basically a microwaved burger. #cringe
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  • I disagree. I guarantee you the brain surgeon spent way more time and money learning his skill. Yet, he doesn't bring in the same revenue as myself. A homeschooler who started an agency/saas.

    It's about the value and scalability of a skill.
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    • What do you exactly disagree about?

      I wrote "You get paid in proportion to your skill level."

      If I would have typed Person B is "Ross the homeschooler who started an agency"

      Did you spend more time learning how to run your agency / saas than the hamburger flipper who learned his skill in 1 hour?

      Of course you did. So you have more skills than the hamburger flipper.

      If you missed the headline of this thread: Your Skill Level = Your Success Rate
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  • NO. It doesn't. Skill level, no matter how complex doesn't = success.

    NO. I'm not missing your point, I am disagreeing with your premise.

    But maybe, we don't know what you mean by success. I don't. What is success to you? In your examples you use PAY or income as a measurement of success. Are you talking about making money?

    What about a successful artist? They define their own success.

    Is a house painter with 10 years of skill under his belt, going to get more $$ than the college kid painting in the summer? NO. Skill has nothing to do with so many commodities.

    So, I too, disagree with this.

    GordonJ
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  • Hey, we all know flys're sposed to buzz round shit but sumtimes we get 'em in our face.

    Be cool to figure money got a natchrlly pristine hierarchy of value as it relates to myootyool exchange -- but it don't.

    Plus mebbe aftah I been out on the town an' I am bummin' around for instant MNOM MNOM MNOM stuffs to warm my belly, the burgah guy dowin' the late shift is my favorite friend over the brain expert next to Moi in the queue who says, "apologies for bothering you, you skinny freak, but do you realise your prolapsed brain is bulging out through your eyeballs?"

    Big battles gowin' on worldwide 'bout the value of what people DO.

    I can think of plenty places where the OP's opinion would get him lynched for a proto-elitist.

    Thankfully on WF we cover all bases.with reason, rigor & occasional necessary snarkiness held aloft.

    That is my cerebellular dissection for today.

    Incinerated pizza beckons ...
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  • Ultimately, the end result depends on both variables, Quality of Value x Quantity of Offers
  • Person A owns the hamburger chain.


    The ability of a person to cooperate with strangers and fill their wants makes the most money.
    Skilled people do have an advantage, but nothing beats determination.
  • We should probably stick to the thread topic. An ongoing discussion about minimum wage is likely to turn political and get the thread closed.
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  • I am going to disagree with you and say that luck beats determination.


    If you're born in a poor neighborhood in Chad or on Park Avenue in New York City matters... Born on Park Ave, 10 grams of determination gets you a lot farther than a kilo of determination in a poor neighborhood in a poor, warn-thorn-country.


    Men have it easier pretty much every where, in general (still a woman born on Park Ave needs less determination than a man born in a village on top of the tallest mountain in the world to a 15-year old unwed child.


    Just saying.



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    • Here is something we in the west tend to be blind to completely unaware of the is going in in the 90 percent of the developing world that is not war torn.

      Where two thirds of the economy tend to be in the black market.

      While you have many cities in the us with large homeless populating living in conditions worse than refugee camps in war torn countries .

      Many developing countries better eductae their populations that the USA does .and have been turning out better quality college students than much of the us without the burden of heavy student debt.

      High skills with years of training are not the protection or safty they once where. In the face of rapidly improving ai .and other tech that makes event those people compete again lower wage workers all over the world .

      The same way blue collar workers have been for the last 40 years.

      Look up the term medical tourism.

      As far as the minimum wage issue goes three things happen with higher minimum wages first higher skilled workers snap up the jobs first, it then causes employees to either move to cheeper to operate cities and use more efficient teck. And then the workers recieving government assistance tend to cut their hours to not earn more and otherwise Lose benifits.

      The problem is the lack of valuable marketble skill sets. And a terrible education system the was designed or allow to undereducated most of the people who went through it .so they later had to pay to get any markeable skills . As for the most part no one else want to pay to train them either
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  • i can understand the sentiment or rather the hope that in a capitalist society skill would translate to income, but that's not how the market works. use value, supply, demand and ownership over the means of production are the deciding factors. if you own the burger restaurant, have affordable prices, a tasty menu and don't have much competition nearby, you can still outperform the neurosurgeon.
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  • Well i am agree with you but this its not aply in all situations .For example i know genial people who have a miserable job with minimum wage or maybe they dont have s job .Then i also know some idiots people who make a lot of money very easy and they are very happy with expensive cars etc .And they are ******* idiots .The thing its mindset and paradigms play a huge role in this thing
  • Actually, your biggest weakness determines your success rate.



    Mr. Lauri, wherefore art thou?


    Why start a discussion, then disappear?
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    • I was following this discussion from within a virtual bunker... in case this thread would explode due to various topics ... and it did.
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  • I can agree with your point up to some extent, a burger flipper may become the billionaire, if he knows life lessons on supply and demand, where brain surgeon has limited time and cash inflow. Both can jump to higher level, based on their fate and faith.
  • If the mindset is a skill, then your skill level = success rate.
    I think the most valuable part for reaching success is your mindset, marketing skills are the second part.
  • Great points being made here by everyone. We all obviously need $ to survive. My husband has worked extensively in the medical field, but he knows a great number of his colleagues who weren't happy working in the medical profession. Even with the $ they earn, they still weren't happy. He's very passionate about Health & Wellness, Health $ Fitness, self-improvement, personal development, etc.. He's not making as much $ as he used to, but he's also a lot happier than he was before now that he's a FT blogger/entrepreneur. To the other extreme, there are lots of people who work simple jobs but are unhappy because they want to follow their passions. That's not to say everyone in the medical field is unhappy because they're doing what they love to do. But there's also lots of people who work at simple jobs and are some of the happiest people in the world. More isn't always better.

    Money is important and we all obviously need it, but I think (and this is just our opinion) sometimes in life we tend to focus on things that aren't as important as we perceive them to me. We obviously have to make ends meet; that's a no-brainer. But for my $, the real question is--what is it that makes us happy? There are some things in life that $ can't buy.
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    In the aggregate, I find that it's pretty true (with the usual caveat of causation =/= correlation). Pretty much everywhere, the communities that tend to do better are ones that place a premium on education.

    Sure if you cherry pick enough you can find convoluted counterexamples.
    It's true that Beyonce makes more then the average engineer but then
    I sure hope the very best R&B has to offer can surpass an engineer who merely coasts by.

    The posts also above have addressed demand, but not supply.
    It's true that in a famine, the farmer can name his price, but there's nothing preventing the surgeon becoming a farmer (or acting as a GP). Even on a farm -- an engineer is also very useful, there's always a well or irrigation system or something to be built.
  • It really matter not how much skill or education or experience you have. A dollar is a dollar at the end of the day... its what you do with the dollar after making it that matters. Wealth is NOT about how much you make... its about how much you don't spend. Always has been and always will be. Sayings like "A penny saved is a penny earned" aren't old wives tails... its financial TRUTH.
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    • Yes and there's another saying penny wise - pound foolish.

      Wealth is about increasing your tolerance for money.

      That's why I chose certain hypnosis to keep the pesky animals away.

      I program the subconscious every so often to stay sharp and full guns blazing.
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  • I have met a taxi driver who owned more houses than I could count on both hands, he probably spent an hour learning to drive taxis, and a lot of time learning how to invest and compound the money he earnt.
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    • And one has to wonder how many have projected their own reality in think "what a poor sap this guy is" LOL

  • Ah, what a smart fellow.

    The art of deception, lol. Mean that in a good way.

    In spring and summer I like to sell my whittlings at outdoor flee markets.

    Typically, in my denim overalls I set under a shade tree whittling train sets and give-away homemade cookies and ice tea. Its a southern thing. I do it mainly because I like to whittle, meet and network with people.

    Every once in a while someone comes along that knows me from a suit job as I call it or a teaching job as I call it or a business client from my internet thingy as I call it.

    They usually gasp and politely stop to say hello. Once in a while someone might ask something like "Why are you doing this?" I usually answer "Its too hot to go fishing." <smile>

    Little do they know that I own the greater market share of the flee market.


    PS I remember from a different thread that savidge4 does pretty much the same thing.. breakfast with local work-crews, etc. You can learn a lot about a business from the people that work for companies.
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  • It depends on what business or industry you're in. There are people who make tons of money solely because of who they are and nothing else. Sometimes the only skill a person needs to have is the skill to find people with the skills they don't have.
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    • On the bolded text:

      I find it very often these people got a certain result or achievement and therefore they are trusted individuals. They usually have a big email list and they make a living selling to their list.

      They usually have a skill set that they've accomplished something unique or a result that is significant.
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