Chasing money or happily underpaid?

Every Tuesday I receive Lee Fowlers' newsletter, filled with business ideas, tips and interesting thoughts (sometimes very deep thoughts).

This week one of the topics is called: Do more than required this week

"By being passionate about the work you do, you will deliver more in quality service than you expect to receive in payment as compensation. This, in effect, is a way to keep money or value chasing you, rather than you chasing it. By always doing more than expected, you'll always be underpaid - which is how it should be.

For if you're paid more than you're worth, you eventually will be restructured, reengineered, replaced, fired, outplaced, declared obsolete and disposed of. Overpaid individuals are overdrawn on their knowledge and skills bank account. Individuals who are underpaid for the level and quality of service they provide are always in demand and always ahead of the pay scale in terms of knowledge and contribution. So money and opportunity are always chasing them.

Let money chase you, but never let it catch you, or you'll become a slave to money, instead of money working for you."
(Dr Denis Waitley)

Just thought I would share this with you all.
I really like this idea of 'overpaid individuals being overdrawn on their knowledge and skills bank' and agree that in the end, these kind of people will be re-evaluated as 'lacking'.

Comments

[Freddy Rodrigues]

This is brilliant Karin! I watched a presentation by Waitley the other night with my wife entitled 'Be the Change you want to see in the world' and he talked about the idea of money chasing you. I think this is something that we can learn a lot from in my country (South Africa) where often there is an attitude of doing 'just enough'.

Very good post to read on a Friday afternoon.

[Karin]

It's not just SA's companies/employees that could learn something from that, here in the UK (and everywhere I think) anyone can become better at fulfilling the customers/employers needs by the attitude Waitley promotes. In the end, it's not just the customer that wins!

(BTW, started in "Small is the new big" - Seth Godin, as suggested reading by you, lots of little jewels in there)