For example, if I didn’t want
to work full-time anymore and instead work only one hour per day, which
skills/professions would give me the highest income?
(Skills/professions that can
actually be done in few hours per day, rather than full-time)
A man came to visit famed
investment banker James Wolfensohn in the 1980s. That man had a problem. He
needed help in unblocking a barrier that had been impeding his business for
many years. It took him 5 minutes to explain the problem. Wolfensohn thought
about it for a second and said “let me make a few calls. In the meantime, enjoy
some coffee in the conference room next door.”
Fifteen minutes later
Wolfensohn came into the conference room and said “problem solved. You are good
to go.”
The man was flabbergasted.
“Wow. Thank you. I have been trying to solve this problem for years.” As the
man was about to leave, he casually asked “what do I owe you?”
Wolfensohn replied: “thank you
for asking. The bill is one million dollars.”
The man was taken aback. “One
million dollars??? That seems like a lot of money for just 20 minutes of work.”
Wolfensohn calmly explained:
“it took me thirty years to get this done in 20 minutes.”
—
The skills that have the
highest hourly rate are usually those that have tens of thousands of hours of
practice around them. They are also things that very few other people can do …
or at least there is a perception that others cannot do them.
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