Todays topic of thought has been the fruits of the labor, it is somewhat related to the yesterday’s 10 000 hour skill mastery, as the timescale here is five years. What I could do with five years of work for myself and what could come out of it? Now I am going to describe two models, that I’ve been thinking.
First is the social mind model, that is quite regular working life pattern, trading time for money. With the hourly or monthly salary, my ability to make money in five years wouldn’t be that much higher compared to beginning. Let’s say after graduation, the pay is about 2800 € a month gross, then probably with five year professional experience I could aim as high as 4500 € per month. I estimate that’s about the high salary that you can get as an employed expert, of course I cannot be sure.
I think that’s pretty much the limit to the “employment” on an individual level. By this I mean, after this the other qualities and responsibilities tend to come in play, especially in the field of business. Unless you’ve highly demanded specific skill, you are stuck in this mainstream. One break away point is the leadership qualities and responsibilities, which might also increase the salary. However, as long as you are employed, the differences cannot be that great. Differences start occur, when the actual person starts taking initiative into own hands. This means also assuming the risk, like a leader becoming an entrepreneur in the sense, instead of being just employed.
What I find especially fascinating, is not to the figures, but the shift and transitioning in the mindset of the person who decides to take the leap of faith. Instead of operating in just the social mindset of being part of something, the person in questions takes more self-directed action. It requires this kind of mindset to employ yourself, thus probably all artists, leaders and entrepreneurs have this kind (or higher) mindset.
So back to the topic of money. Actually with this kind of mindset, there is a tiny chance to make a lots of money, the successful growth company, best selling book, or a hit song. It’s still tiny chance, with a lot of work. What I discovered matters more, is quality of the work, which means quality chances to succeed. Actually even little success can be sufficient for the one who is operating with self-directed mindset. It can still provide enough to live off. With self-directed mindset, one works to all the time INCREASE the chance of striking gold.
In my previous post about the 10 000 hour rule, it would mean to achieve the final 1%, getting the tiny things correct, among which the timing is probably the most important. For some great people the timing is just wrong, this has been known time and time again with great people from the past, like Vincent Van Gogh.
Self-directed people gain satisfaction from their work beyond money. They actually do not need that much money to feel secure, as they are more confident in their own abilities. Basically this means that as they feel competent and confident, they can dedicate more time for their beloved vocation of their choice. Whatever that might be.
I find this very exciting. One of my favorite quotes comes from Napoleon Hill, who was the author of “Think and Grow Rich”, he said in one of his books, that he was so passionate about writing, that he didn’t really have time to make money.
In the end it is about thinking what matters. There are necessities in life, which money can buy, basically this means we need a steady stream of income through life. However if we think of our own work and the importance it reflects back to us, I think it should be a work that increases our possibilities of striking gold. To this I believe more than in winning lottery, because this is something I can actually influence on. It’s about striving for excellence in the vocation of a choice.