In today's knowledge-based economy, your earned income is generally determined by nine factors: - Your educational attainment or specialized skills
- Your chosen profession (and specialization)
- Your years of experience
- Your hours worked
- Your work ethic
- Your social skills
- Your competence and proficiency
- Your ability to cooperate with, inspire and lead your co-workers
- Your ambition to rise in your organization.
The lesson is clear. If you want to earn more, make yourself indispensable to someone. Yes, some people are born with greater genetic gifts than others. You and I were not born with the looks of Cary Grant, the athleticism of LeBron James or the intellect of Isaac Newton. Nature deals some people better hands than others. But we each have a responsibility to play the one we're dealt as well as possible. From an economic standpoint, that means attaining education or marketable skills; showing competence, reliability and integrity at work; and doing whatever is required to advance in our organizations. (Or seeking out other employers who offer that opportunity.) This is about way more than money... As someone who spent his youth doing maintenance on a truck terminal, working the night shift in an auto parts warehouse and waiting tables in a tavern, I can assure you that life is far more enjoyable when you have mentally challenging work that brings out the best in you. Indeed, polls show that high net worth individuals often describe their greatest satisfaction as "a feeling of earned success." Beyond advancing your own personal development and self-actualization, generating a higher income also allows you to save more without living like a miser or passing up everyday luxuries like dining out or traveling to new and interesting places. (Or assisting friends and family members who might need a helping hand.) There has rarely been a better time to get started. The U.S. economy is growing at the fastest pace in three decades. The Labor Department recently reported that U.S. employers have a record number of job openings. Businesses nationwide want smart, ethical, self-motivated employees - Black or white, male or female - who are willing to learn and eager to take on responsibilities. If you're in the workforce today, make sure you fit that description. Yes, you'll enjoy a higher income and standard of living today. But you'll also assure yourself a more comfortable retirement tomorrow. Good investing, Alex | 
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