Monthly Archives: April 2014

They Need to Pay Me More! Really?!?

With 3 of my sons in college I often hear them talking about conversations they’ve had with fellow students who are lamenting about offers they’ve received for their anticipated first job, resulting from their degree.

A frequent comment my sons have heard is: “I need to be paid more than $X per hour (or year) for that job.” And, the follow-up: “I have a friend who is making 20% more than what they offered me.”

First, congratulations on earning the upcoming or recently acquired degree!!! Hang it proudly. Realize, though, it is just a piece of paper, which caries zero entitlements. And, an education does NOT end with a degree, unless we plan on coasting for the rest of our lives.

Let’s be clear: The potential employer (most likely) doesn’t know the college graduate. And, it is (likely) that the graduate hasn’t yet had the opportunity to demonstrate “real-world business experience” related to the degree earned. Yes, there are exceptions (especially for those fortunate enough to have landed a solid internship in their field of study).

For the rest of us (myself included) we must get our foot in the door and WORK OUR TAILS OFF, if we want to get ahead of the pack.

Think about this. Have you ever sat in front of a wood stove and said “give me some heat!”? What happened – NOTHING!

If we want heat we must first put wood in, light it, give it time to warm up and then / finally we get some heat.

The same goes with a salary. Yes, an employer will begin paying us upon starting a job. But, if we want more we need to demonstrate we are worth more. If, on the other hand, our attitude is “if that is all they are going to pay me then this is all I’m going to do – that which is absolutely necessary to maintain the job and nothing more”, then guess what? That is all we will be paid (expect no dramatic increases). And, we are likely to be a “C Player” who will be jettisoned (that is short for “laid off in a heartbeat“) at the first possible time and/or when the company experiences its next downturn.

To be paid more we have to be worth more. How do we become worth more? Do more than is expected (no brown nosing, please) and be more!

You might ask, where do I get started? I am SO glad you asked. The quick answer: Read more of this blog and ACT on what is suggested. To review focused content on “Personal Success” and “Leadership” read entries in this blog categorized as such. You can do so in 2 ways:

  1. At the top of this post, on the left, under the date, click on “Leadership” or “Personal Success”. All posts for the selected category will instantaneously be presented to you! Gotta love WordPress!
  2. Near the bottom of any page of this blog, on the right, you’ll see a pick list labeled “Categories.” Select “Leadership” or “Personal Success” and voila, the same thing will happen (you will be presented with all posts for this category).

Enjoy the (never-ending) process! And, don’t be afraid to come back for more 🙂

THINK Your Way to Success!

At birth, each and every one of us is endowed with the most powerful piece of equipment known to humankind: the brain!

Our brain comes to us free and clear. Often, things that are free are taken for granted. The brain is no exception.

With it, “the collective we” have built rocket ships, skyscrapers and computers. We have conquered major diseases and I know one day we will conquer cancer. All through effective use of the human mind.

It matters not the size of the brain. In one of Earl Nightingale’s programs we learn that the largest brain ever recorded was that of an idiot and the smallest was that of a genius.

It matters not the circumstance. We’ve each observed people who came from nothing (minimal to no “formal” education, severe handicaps, and the like) and made it big – REALLY BIG!

So, why are there “so few” who truly fulfill their dreams? By and large, we don’t THINK.

Getting up in the morning to an alarm, brushing one’s teeth, grabbing a cup of coffee, driving to work takes NO thinking. How many times have we arrived at our job and said “Man, I don’t remember the drive! How did I get here?” We were on auto-pilot.

Then, while at work we “go through the motions” until the 5 o’clock bell rings and head home, only to go through the same process again the following day. While we may be doing what it takes to earn a paycheck, there is so much more…

This whole “THINKING” thing really hit home for me back in the early 90’s. I was working for a cellular telephone company in Atlanta, GA. I led an IT team responsible for maintaining and enhancing the core business application we used to manage customer subscriptions, credit, invoicing, collections and customer care.

The firm engaged “the guru” who knew how to make the operating system, that our cellular management information system was running on, hum. Because we were growing so fast the application wasn’t keeping up performance-wise, so we needed to do some major tuning. Time was of the essence!

This guru (which he definitely was) really knew his stuff! He made a number of recommendations which we implemented with great success. However, he also made a set of “foundational recommendations” that were pretty far sweeping (and high risk). I was placed in the role of evaluating the potential risk and impact of implementing these changes. I thought: “What, me, a lowly team leader, up against “the guru” of the operating system?” I was a “little” stressed, to say the least.

But, I got started…The first thing I did was draw a diagram of the application landscape (all the moving parts) on my whiteboard. I “was” the expert on this. I had been in just about every nook and cranny of this application, broke a few things myself and fixed way more (which is why I was still in the role 🙂 ).

Then, each morning before others arrived at work and in the evening after everyone left I would sit, stare at that diagram and THINK. I would ask myself: “What would his [the guru’s] recommendation mean here, and here, and here?” This went on for several days. And, the outcome was nothing short of amazing. I could not believe the number of epiphanies that I had. While I certainly was no match for “the guru’s” knowledge of the operating system, I was able to identify numerous issues and risks that would have brought this mission critical application to its knees.

Now, frequent readers of this blog know that I am a person that looks for ways to “make things happen.” In this case, the thing I was asked to “make happen” was ensuring our core application survived the guru.

After gathering and organizing all my notes I was asked to present my findings to the CIO, COO and several others, including “the guru.” In summary, the “foundational recommendations” were nixed. We achieved the necessary performance improvements via other means.

This experience taught me a valuable lesson that I try to impart to others when they say something like “But I don’t know how to do this.” My response is: “If you DID know how to do this, what would you do first, second, etc.” Initially, they look at me like I have 2 heads.

The point: I’m NOT going to tell them how to do something until they’ve at least demonstrated that they’ve tried to THINK about how they might do it. Once they’ve done that they can share their thoughts and ideas with me at which time I can provide guidance.

Too often people either decide not to do something, because they’ve never done it before, or they ask someone else how before sitting down and firing up their thinking apparatus.

Give this a try. The next time you are confused, unsure of a situation or assignment, or just plain stressed, sit down with a piece of paper. Write out the problem being faced and then THINK. What is the true problem? What are the possible outcomes (good and bad)? What are steps that I can take to address this? Turn it over and over in your mind, writing down the ideas that come up. You will be amazed at just how much you really do know.

Then, organize your thoughts and ideas into a plan of action.

If it is high risk and/or highly complex now would be time to run your thoughts and ideas by someone else (preferably a trusted advisor, someone who has faced similar challenges in the past). Then act! Remember, as long as your ideas are “directionally correct” you are on your way. Monitor your progress. If you get off track a bit, simply adjust as you go.

As we do this process over and over again we soon  realize just how powerful our minds are — WHEN WE ACTUALLY THINK!

The Light Is On – Anyone Home?

Things that drive me (most) crazy relate to waste. Especially on completely unnecessary spending. If the reader’s goal is financial independence, or at least, improved financial fitness, read on.

Within 2 minutes of leaving my driveway, to run an errand, commute, etc. I pass 2 houses which ALWAYS have an outside light on. Not just during the evening, or when they are away. We are talking 24 x 7 x 365.

This has been the case for years!

Frequent readers of this blog know what I’m going to do next: Run this example through our cost x 12 (months) x 10 (years) calculation to determine the 10 year outgo for this “little/insignificant” expense. Prior to getting to this calculation, we’ll need to first determine the monthly cost of running this single lightbulb.

To be conservative, let’s assume the example homes are burning a 60 watt incandescent light (as I don’t plan on going up to their house and checking to be sure 🙂 ). These bulbs burn (guess what) 60 watts per hour.

  • 60 watts x 720 hours / month = 43200 watt-hours / month = 43 kW-hours / month.
  • Our current cost of power is $0.175 per kW-hour.
  • 43 kW-hours / month x $0.175 per kW-hour = $7.53 per month. Not a huge sum, in and of itself.

However, when we take the $7.53 x 12 (months) we spend $90.30 per year. And, when we multiple by 10 (years) we end up burning $903.

After writing the first draft of this post I happened by our example houses and noticed that one of them is actually burning 2 lights (at 1:20pm – broad daylight!). So, the 10 year cost just doubled, for them, to: $1,806!

Oh, how the little things add up.

I know, some may say: “Craig, why don’t you go pound sand!” What a nice gesture! In fact, I will, by taking an $1,800 trip to the caribbean where the sand is absolutely AWESOME for pounding 🙂

While we may not have the 24 x 7 x 365 lightbulb example, I’ll bet if we tried (not really that hard) we could find a simple / insignificant expense we could whack TODAY that would allow us to retain an extra $1,000 over the course of 10 years. Each time we do this and use that money to pay down debt or invest we are getting one step closer to our financial independence.

In a prior post on the subject of cutting expenses I suggested taking a few moments to tally up the “small” / insignificant saving opportunities shared in this blog, to see what they amount to. 3 words come to mind: “A Small Fortune!” The tally will be shared in a future post once it is made more painfully obvious why it is so important to kill or reduce expenses that provide NO long term value and serve to delay the timeframe for achieving financial independence.

If you’d like to pull up these specific posts you can do so in 1 of 2 ways:

  1. At the top of this post, on the left, under the date, click on “Financial Success.” All posts for this category will instantaneously be presented to you! Gotta love WordPress!
  2. Near the bottom of any page of this blog, on the right, you’ll see a pick list labeled “Categories.” Select “Financial Success” and voila, the same thing will happen (you will be presented with all posts for this category).

Enjoy!