I was having a conversation with a paramedic partner of mine who said he owed $7,200.oo on his credit card. “Dave, aren’t you concerned?” I asked. ”
“Nah, when I need to I will do some overtime,” Dave said.
“Dave, we take home about $150.00 dollars for each overtime shift. That means you would have to do 47 shifts of overtime, if you can get the shifts. Plus, you take college classes and have a wife. When exactly do you plan on doing these shifts?”
Dave thought. You’re right, if I had to do 2 shifts a week, I wouldn’t be paid off for 24 weeks of doing two overtime shifts a month. If I can get the overtime. Plus there is nothing to say I would not charge more in those weeks.”
The Limited Mindset
We are brought up conditioned that you get paid by the hour and get overtime for hour over 40 hours in a week. We learn to charge things on credit and play catch up. The problem with trading hours for money is we only have 168 hours in a week. We are limited by our thought of trading time for money.
What if we could make money based on the value we offer people rather than the hours we work for others? We are all held back by our limited thinking.
I explained this to Dave and he replied, ” You cannot make money other than showing up for a job.”
“Sure you can Dave. If you think like the owner and provide value to people you can make money out of proportion to your available: For example, my book, The Downwind Walk A USAR Paramedics experience’s after the Terrorist Attacks of September 11, 2001 is for sale on Authorhouse.com. I wrote the book and sell it on-line. I did the work and produced a product. I get a check every quarter based on sale sI make. Although it is not a lot, I am bringing on money while doing other things.”
Dave replied, “That really doesn’t count because you donate the money to EMT’s and Paramedics who are affected by 9/11. For example, you can donate to help a paramedic who is ill from 9/11 and I will send you a free autographed book.
Changing Your Mindset
“Dave, we are limited by our mindset of working the hour for dollar rat race. We were brought up that way and we have to change for the new times. I have enjoyed working by the hour and then teaching. But now I am working on building a business I can make income from on the side. Maybe one day I can retire and travel rather than have o work 50 hours a week and spend my days off resting. My friend Matt Lloyd wrote a book called Limitless, Escape the Rat Race and Make Money in the New Economy. If you want I can have him send you a copy.”
Dave thought for a second, “The book is free? I guess it can’t hurt to read a free book.”
“I’m telling you dave, making money based on value and knowledge is much better than being paid by the hour. Take a second now and e-mail Matt so he can send you a free book. I don’t know if he can keep giving out books for long.