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Working For Money
Written by: David OliverArticle Overview: What do you really work for? Discover in this short inspiring Insight from david Oliver how most of the highest paid executives earn less per hour than a clerk in a grocery store. It's a shock read more...
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Working For Money
Working For Money
Hi I'm David Oliver from Love Work Live Life
Are you working for the money? Sure you say what's wrong with that. Well we are not wired by God to work for money in fact we are wired to make a difference and wired to serve. Making or earning money is a by product.
It was Marion Wright Edelman who said service is the rent for being the reason for existence. So it's an interesting exercise to challenge our thinking about why we do work in the jobs we are in
Working for the money often means looking at the wrong number. I understand that some of us in this room tonight may be on really low salaries but let me ask you what seems like a straightforward question who earns more someone on £80k or someone on £50k? Let me ask you to face one more little bit of reality. At some point honestly add the total numbers of hours you work in a week or month and divide your net salary by that amount and compare that with someone on half your pay or whatever and look at the calculation again;
Who earns more someone on £80k- or someone on £50k? It depends totally on your unit of measurement!! Watch this with me;
$80k on an 80 hour week = A Real Income of Just $13.70 per hour In truth I work - including road and air travel - a total of 80 hours per week.
$80K earner pays approx £24.5K tax and £2.9K NI, leaving net pay of £52.6K, which for 80 hours per week for 48 weeks in the year equals
$50k on a forty hour week Real Income of $18.03 per hour
$50K earner pays approx £12.5K and £2.9K NI, leaving net pay of £34.6K, which for 40 hours per week for 48 weeks in the year equals
THAT'S $4.30 AN HOUR BETTER OFF OR 30%!!
A similar calculation for someone on £40 k gives them £ 9.33 per hour and the one on £25k gives them just £ 10.28 per hour. Some of us don't have high paying jobs to start with and a different solution is going to need finding for you but for many of us today - it's wake-up time
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Article Tags: br, david oliver, earning money, exercise, existence, god, jobs, little bit, love, marion wright edelman, nbsp nbsp nbsp nbsp nbsp, salaries, salary, straightforward question, unit of measurement, wrong number
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Related Forum Posts
Re: What is Your Favorite Thing About Owning A Business?
- [quote="freddyb45":1t3lpfi8]For me it's the fact that all the time and effort you put in is worth a lot more, due to it making you "business" more profitable. Working for yourself is also a positive, although employing people you can trust is quite different.[/quote:1t3lpfi8]
I like this idea. Working for yourself means you are investing in your own future, not someone else's, although there is value in working for someone else first to gain experience and confidence.
Working for yourself does not automatically mean success, fame and fortune. For most entrepreneurs, it takes much work and dedication to get to the point of financial success and comfort - sometimes years. But the benefit is, again, you know you are investing in yourself and building equity for your own future.
GT :-]
Re: Which would you start: a Blog or Online Community?
- It is a difficult decision to make.
Lets start it this way - What are you more interested in? Money? or Friends? or Both?
If its purely Money, then Blog might be an appropriate answer. But consider this - It will be people (visitors) that will bring traffic to your blog and then Money will follow. This will be possible after a time and during this time it will be your friends who will be the starters.
If you are looking for friends only, then its true that not many will be interested in knowing how you have beaten them in the game or the other way round. So it will be preferable to have a Forum where they can share ideas with you and others.
But you can share your insider knowledge with them and invite comments from your Blog. You can also put up information on what others (including your friends) don't know about Tennis. The blog you create can provide News, Inside Information and also Techniques that can be used by the new entrants in the world of Tennis.
Making Money in 2011
- Hello forum members! As we draw closer to the new year I thought it would be appropriate to change the title of our forum category "Making Money in 2010" to "Making Money in 2011" - I'm looking forward to some interesting discussions and wish everyone a prosperous New Year!
QuickBooks vs. Microsoft Money vs....?
- I have always used Microsoft Money to run my business - accounting, invoicing, etc. It came with my computer when I got it and integrated well with my online banking system so everything is a breeze. It only takes 30-60 minutes every quarter to do the bookkeeping (keep in mind that I have a very simple business - no inventory, very little invoicing, I do all my payments by credit card, etc).
Is QuickBooks or Money the best accounting tool for small business owners? Or is there something even better?
Re: help wanted in u.k.
- Working on it all, a new world to me
cheers
brendan
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