TODAY ON FRANKLY SPEAKING – YOUR EARNING ABILITY. 05-08-2017

Dear friend, you are earning today
exactly the amount you have decided to
earn, no more no less. Whatever your
income is today, is what you want it to
be. Your income is a matter of your
choice, your decision and your resolve.
Your income is not a matter of what is
coming to you, it’s a matter of what
you’ve decided to make come to you.

What you earn today is an outcome of
your actions and also inactions.
There were some things you did, some
actions you took and some decisions you
made in time past that brought you to
this level of earning in your life. There
are some things you know if you lack,
you could never earn what you currently
earn.

So it applies for increase as well. If you
want an increase in what you currently
earn, there are some things you must
also do, know, acquire and develop in
addition to what you already have, to be
able to increase what you earn.
Whatever you earn today is a
consequence of what you chose to do,
and what you’ve refrained from doing.
It’s also a reflection of all you did till you
finally succeeded and all you gave up on
and abandoned midway.

This opinion to some of you may be
annoying or even disappointing as you
would wonder how and why you’ll choose
to earn or settle for an income that has
kept you broke, embarrassed and
worried.
Why would you want to be broke, you are
working very hard you’d say, you wake up
early and return very late from work
everyday. You don’t play with your work,
you’re hardworking, diligent and
committed. You’re prayerful and honest.

You’re putting in your very best always,
so how can Muyiwa wake up this
morning and blame me for what my
employer has decide to pay me? Hmmm
There goes the thinking that is keeping
you down. Just take a look around you,
there are hundreds and even thousands
of people with the same or even worse
limitations and restrictions doing much
better than you are in earnings. They’re
making more money, living more
comfortable lives, can pay all bills
conveniently, have peace of mind and
can buy whatever they like. Not everyone
richer or more comfortable than you in
Nigeria is corrupt. The noise makers are
mostly the thieves, the corrupt, the
criminal, the fraudsters and those
fronting for treasury looters.
Don’t let the noise of the dishonest make
you assume legitimate wealth is
impossible in Nigeria, don’t be deceived,

the truly rich through legitimate means
are silent because silence is also gold.
It’s a possession of the truly rich.
You can become very rich and earn much
more than you earn now if you pay
attention, measure and regularly value
your earning ability.
Your earning ability is the most important
financial asset you can have if you want
to be wealthy. Your earning ability is
simply your ability to do things, get
results and solve problems people are
willing to pay you for.

People the world over buy only three
things irrespective of the product or
service you’re offering. The three things
people are willing to exchange their
monies for Include a need, a solution and
a good feeling.

Even employers recruit and pay
employees for this same three things,
meeting the need of the business,
solving problems of the business and
radiating positive energy and a sense of
pride.
Your earning ability is the power that
regulates the money you make per time;
per season. Your earning ability can
appreciate or depreciate year after year.

It is possible to have a higher ability to
earn when you graduated from school but
now, it has completely depreciated and
you’re not earning much anymore. And
its possible your earning ability years ago
was so low but today its appreciated so
well you’re earning very much more than
you can spend per time. Your ability to
earn, depends on what you do with the
components that make up this ability.
The components of your earning ability
include your knowledge, your education,
your skills, your experience and your
capacity.

1. Your knowledge is simply about
knowing the right thing. Knowledge is
the edge you have based on the
relevance of what you know.
Knowledge, the edge when you know.
The power of what you know is not
always in its vastness but its
relevance. Knowing what is useful
and important is where the power
lies. For example, knowing the birth
dates, wedding anniversaries, divorce
details and scandals of all the
celebrities in Hollywood, USA or
Nigeria in my opinion is of no
commercial importance to you except
you’re a reporter or a blogger.
Valuable knowledge is knowing
something or having information that
can help you meet a need or solve a
problem for someone that would pay
you well for it. Knowledge becomes
important if it’s commercially viable.
Seek and buy relevant information to
enhance your earning power.

2. Education is your ability to specialize
and become an expert in a field or
profession. Becoming extremely
superior in your ability to solve
problems compared to fellow
practitioners in your chosen field of
profession jerks up your earning
ability. There are doctors and there
are doctors, there are lawyers and
there are lawyers. The best in these
practices should earn the most.
People naturally want to pay more for
the best. Don’t just be educated, be
the best in your field. It enhances
your earning ability.

3. Your skills is simply the ability to
translate what you know into vivid
results through performance. A civil
engineer that cannot build a bridge, is
that one an engineer? That’s the
point. Your ability is not just in how
much you know or how educated you
are, when called to perform, can you
do it and do it excellently? The proof
of how really good you are is in what
you do not what you know or say. If
you’re good, you need not spend too
much on hype or excess packaging.
Your skills will enhance your earning
power.

4. Your experience particularly in your
ability to earn is acquired mostly from
the number of mistakes you’ve made
in time past. Your experience is being
able to correctly judge and predict
outcomes and the future based on
events of your past. The frequency of
your attempts, the number of your
tasks and the many things you’ve
handled in the past also build up your
experience. Experience doesn’t come
by age. It is possible for an employee
of five years to be more experienced
than an employee of 15 years
depending on the number of tasks
executed, attempts made, projects
handled and failures or success
recorded.

Dear friend, it is an aberration to feel
entitled to a certain level of income
today based on your earning power of
yesterday. How well have you grown in
knowledge? How well have you grown in
education? How better developed are
your skills? How much experience have
you gathered in recent years?
If you do not appreciate, fertilise and
grow the components of your ability to
earn, it will depreciate and you’ll become
very broke. If you organise your days
working on your ability to earn more,
you’ll stress less chasing money every
day; as money will naturally start flowing
in your direction.

Dear friend, forget where you’re coming
from, stop blaming others for your poor
income. Strikes and protests won’t help
you as an individual, don’t get entrapped
in a collective system of mediocrity and
wild expectations, becoming rich is an
individual decision, focus on your future,
focus on where you’re going, your very
best still lies ahead of you. Your
greatness is in your tomorrow not your
yesterday, be inspired, make a decision,
and enhance your ability to earn.