What would you trade for a higher income?

We all work on incentive and one of the ways we enumerate this is when we trade our attention, time and effort for a salary. But as many studies have shown, salary itself is not a good motivator and while welcome, a payrise is quickly absorbed into the budget and forgotten. However, most who hold a job do want an increase in their salary and will trade resources for it.

I have written in the past how the easiest way to get a 10% pay increase is to get a part-time job and work a few extra hours at that, rather than take on more complication and responsibility in the primary workplace. But, taking on additional tasks is what most people have to do, in order to get more income.

I asked my wife today what she would have to do for 20% more salary in her job, and her being in recruitment, she has a pretty decent idea about what tasks are required. For her, someone who works a lot and is very good at what she does, she would need to change job into a different bracket and move into a position that is quite different to the one she does now. What this means is not only will she have to take on more tasks that she isn't necessarily as suited for, but her organization will lose someone who is very good at their job. That is a problem for everyone.

What would you need to do for a 20% payrise?

This is an extension of what I was talking about yesterday in regards to retaining quality employees in the future, as it is going to not only take more direct monetary remuneration, but it is going to have to be more than money too. Why?

Because of the options to earn that 20% elsewhere. The more someone is able to earn without increasing what they need to trade for it, the more attractive the offer for trade has to be. For example, if I was to change positions for a 20% payrise, what am I willing to trade for it? My free time, tasks I don't like, more effort?

The average salary in Finland is around 3000 euros, making 20% 600€. While I don't think a supervisor would give me this kind of raise, if they did, the expectation of what I have to do for it is going to be very high. But, this is 20€ a day, which is possible to earn in other ways that are far less restrictive or impactful on my life.

Yes for me, I have built up my Hive account to a point that I am able to earn on posting, but that is far from guaranteed and will be heavily subject to market forces. Currently, I do get more than 20€ most days though. But, that is not the norm, so what about other options?

For example, if a person is working in Finland in a half decent job, the average will likely have some level of savings. What if those savings were put into something like CUB finance?

lol - 170%

Granted, this isn't going to stay that way since it is going through a bit of hype, but it has been consistently returning aver 120% for the last six months at least. Let's go with 100% to make it easier. For the 20% increase in salary, we would need to put 7300€ into that pool in order to earn 20€ a day. And while affected by price, that is passive and at the end of whenever, there will be some assets in there.

But, if you prefer some other token like BTC, it is possible to get 13% APY, but this will require around 50,000 worth of Bitcoin put into it, but will again return the 20€ a day. While this sounds like a lot, what is interesting about these kinds of yields is that they can be built over time, and while a 20% pay rise done with a lot of work might be possible, it isn't probably possible every year and once the work stops, so does the salary, including any percentage gains. Cub is just one DeFi platform and there are many different forms as well as risk profiles out there, but I don't use others to anywhere near the same degree. DYOR.

What about another possibility, like Splinterlands?

Currently, 35% return on the value of holdings but this will change upwardly based on the time of season. But, in order to get the 20€ a day, it is going to take about 22,000 in game cards for the return. That seems very high, doesn't it? But for 7000 dollars a year, that is very cheap. There are other alternatives there like similar to DeFi, tokens like SPS can be staked for a return, which is currently over 50% APY.

My point is...

These are just a couple of potential revenue streams that take investment to get into, but it always takes a trade of some kind in order to create additional revenue streams, including getting a payrise. The question comes to what we are willing to swap for our resources. If we have no financial resources at all, generating additional income is difficult, so it might be worth trading our time and effort for a payrise and then using that additional stream to embed into other income streams and investments.

This sounds easy, but most people end up using the majority of the increase to flesh-out their lifestyle, and since this is quickly absorbed into the norm, very soon, it is like not having got a payrise at all. However, there is quite a difference when getting daily yield returns as it means that daily, we get to decide what we are going to do with it and often, it is a small enough amount that it is not worth spending, so it gets rolled back in to add more compounding value.

The future is getting increasingly saturated with earning potential and most of us no longer have to rely solely on the good graces of our employment to provide additional income. This means that there will not only be a decentralization of income streams, but in so doing, we will also be encouraging the decentralization of business models and in order to keep the best people, a change in approach for traditional business in how they reward and incentivize their staff.

for me personally, While I still need a job to pay my bills, I can't be bought with promise of a payrise alone, as I can do a range of jobs that can cover my bills and have a range of income streams that can provide for me. This means that in order to get access to my service, a company has to offer me more than just money, though I don't mind some money thrown in too, as it helps me to widen my investment portfolio, making me less reliant again.

The changes coming to the way we can earn are going to be highly disruptive and one of the largest changes will be in the area of how we are employed. For a very long time, business has been able to trade far less for our service than we are generating for them, which is why many see employment as slavery and something to escape. However, there is still the possibility that in the future, we will be able to force better conditions, not through unions and industrial actions, but by building generative incomes from assets that we own - making it change through supply and demand, not demanding the authorities to change.

While people focus on the price of this token, or the potential of that project - the entire economy is being rebuilt and it is going to affect every part of our lives, from the ground up. It is going to take time, but getting in and building income now, will likely provide far more return than a life time of chasing raises and, a hell of a lot more fun.

Taraz [ Gen1: Hive ]