How to Double Your Salary Without Working Harder – Just Smarter

A couple years ago I was told an incredible story of a woman who made a decision to change her life. She decided she was going to double her income, but she enjoyed her work, so she didn’t want to change jobs.

She started thinking about how she was going to accomplish this and realized that if she could double the amount of value she produced for her company; she would be worth twice the salary.

She began by writing down all the things she did in a day.
From that list she picked the one task, the task that she could only do that task all day, that task would be the most important.

Again, out of the remaining tasks she picked one task that if she did it all day would make the biggest difference in her life.

Once she had chosen she chose a third task.

From the starting list of between 10 and 20 items that she did every day, she had now found the three most important tasks that she could do and bring the most value to her employer.

The next day she went to her boss and told him that if she focused on these 3 things all day, every day she would create much more value to the company, he looked at her list and agreed.

She then said, if I double the value I produce for the company I would like to be paid twice as much.
He agreed that this was fair.

So she asked him to help her delegate or eliminate all the other tasks she was doing so that she could focus on these three tasks.

He did, so she doubled the value she created and he doubled her salary.

The Pareto Principle
What this woman did was follow the Pareto Principle which states that 20% of the things you do will account for 80% of your results.

If you have a list of 10 tasks, 2 of those tasks will produce more than all the other 8 tasks combined.
Exercising this principle will make a huge difference for your future.

The Three Steps to Choosing the Right Tasks

1. Start by listing everything you do in your job.
List every task, large or small that you do in a day, week, year.

2. Choose one task out of the list and move it to a separate list.
Choose the task that if you could only do one thing all day would bring the most value to your company.

3. Choose a second task and move it to the other list.
Out of the remaining tasks choose the task that would bring the most value if you could only do that one task all day.

4. Choose a third task.
Out of the remaining tasks choose the task that would bring the most value if you could only do that one task all day.

5. This second list with your 3 most important tasks is what you should be working on as much time as possible.

As you can see it is very easy to create a list of your three most important tasks and as shown in the story the benefits can be incredible.

If you want to learn more about how to make your goals reality, join our email newsletter “Your Path to Your Dreams” and you will receive tips and advice, and even a free copy of our e-book “How to make Selling Easy” and “The Beginners Guide to Success”.

                                                                                                                          

Related posts:

  1. Your To-do List Needs to be Shortened
  2. How to Become Efficient by Using the 80/20 Rule
  3. Free E-Book – “Double Your Income”
  4. How to Make Your Salary Completely Your Decision
  5. Planning Your Day
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7 Responses to How to Double Your Salary Without Working Harder – Just Smarter

  1. Tim Mushey says:

    Thanks Daniel! This is a very inspiring story. The Pareto Principle is very cool, and we should all be focusing on that line of thinking :)

    • Daniel M. Wood says:

      Hey Tim,

      Welcome to LTB!
      Continuously thinking about what the best use of your time is will really make a huge difference for your future.

  2. Keith Davis says:

    Hi Daniel
    “How to Double Your Salary Without Working Harder – Just Smarter”

    That title gets my vote for post title of the year – awesome.

    How are you keeping Daniel?
    Sorry I’ve not been over recently.

    Apologies out of the way… so on to your post.

    “The Pareto Principle
    What this woman did was follow the Pareto Principle which states that 20% of the things you do will account for 80% of your results.”

    I think I’ve heard of this before but never seen such a practical and useful application of it.

    Off now to choose my 3 tasks, now what are they?

    Cheers Dan and thanks for stopping by at easyP.

    Keith

  3. Daniel M. Wood says:

    Hey Kieth,

    Thanks for stopping by my friend.
    I am glad you liked the title ;) Put some time into it.

    Hope the article helps you and helps you be more efficient :)

  4. Fred Tracy says:

    This is a great story, Daniel.

    The Pareto principal is something I’ve heard of from quite a few places that haven’t actively used in my life. Maybe it’s just about time.

    Since my job at this point is essentially blogging, I could apply the principle to the marketing aspect of my site. I think guest posting, website commenting, and forum posting comprise the top three traffic generation activities that I do.

    I’ll have to devote more time to each of these. Thanks for the tips. :-)

    • Daniel M. Wood says:

      Hey Fred,

      The Pareto Principle has really helped me a lot.
      Try it out, I am sure it can make a positive impact on your marketing efforts :)

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