The 4 Levels of Your Earning Capacity (limited to limitless)
In today’s brief but impactful Money episode, Rob shares with you the four levels of wealth when it comes to the actions, implementations or strategies that you can leverage as an entrepreneur. Learn more about each level and how to climb the ladder of wealth from labour to vision. Rob shares the strategies from his own successful organisations and the upsides and downsides of each level.
The first level of wealth is labour - using your sweat, your brawn, grinding, hustling; basically being employed. Labour is the way the majority of the population earn their money. This has an effect on your earning capacity, it is unlikely you will earn more than £50,000 per year.
The next level is management. Managing people gives you leverage. Use the people you manage to earn revenue for yourself. Learn about the limitations of management and how it can become hard and overwhelming.
The third level is strategy. The more people you can earn from or that you directly impact and create jobs for, the more money you will earn than just using your own time. You can create the plans and actions to change a company or brand that managers then pass down to the workers to implement.
The fourth and final level is Vision. Think Steve Jobs or Elon Musk! These people are visionaries; they create next-level ideas, taking us from local to national to global. Be prepared though, you can’t hide from anything.
“There are higher levels of wealth than you’re currently at”
“If the visionaries were the workers, they wouldn’t have time to create big ideas and solve the big problems and create the collaborations”
“Be prepared to take the downside to get the upside. If it means you get more critics along the way, be game for that.”
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
Rob’s official website: https://robmoore.com/
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