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Dan Martell
- May 06, 2023
Want to get paid more? Watch this
Episode Stats
Length
51 seconds
Words per Minute
249.42264
Word Count
216
Sentence Count
16
Summary
Summaries generated with
gmurro/bart-large-finetuned-filtered-spotify-podcast-summ
.
Transcript
Transcript generated with
Whisper
(
turbo
).
00:00:00.000
If you're making $200,000 a year, you've created $2 million worth of value for the company.
00:00:05.060
I remember one time I had somebody in our finance team and I was doing this exercise and I asked them,
00:00:10.020
in five years, you're waking up. What's your personal and your professional life look like?
00:00:13.620
And they explained. I said, well, what do you want to be making? They were like $250,000 a year.
00:00:17.100
This was a bookkeeper. I was like, awesome. That's ambitious.
00:00:21.080
So here's the thing. If you're making $250,000, that means that you've created $2.5 million of value to the company.
00:00:27.480
Unfortunately, as you can probably see,
00:00:29.160
because you look at our books,
00:00:30.180
bookkeeping is not going to get you there.
00:00:32.380
So then what do you think the role is going to be
00:00:34.520
where you can create that kind of value for the company
00:00:36.680
so that you can be compensated?
00:00:37.860
You want to make a half million?
00:00:38.980
Cool.
00:00:39.400
How did you make five million?
00:00:40.640
Because if you made me five million in 12 months period,
00:00:42.480
I'll give you half a million, no problem.
00:00:43.760
I'll do that deal with anybody on the street.
00:00:45.360
It's like, go show me how you individually created
00:00:48.220
net new $5 million.
00:00:49.780
I will give you 10% of that all day long.
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