The Surprising Skills That Will Supercharge Your Pay Packet

Jeff Bezos started up the giant internet shopping platform Amazon in his early thirties. Since then, he’s gone on to become the richest man in the world (at least briefly), in the summer of this year. In other words, he knows a thing or two about earning a solid pay packet. What’s more, his company is still growing. And some analysts, including venture capitalist Chamath Palihapitiya – one of the founding investors of Facebook – has suggested that the company may go on to become a $3 trillion outfit. That’s about ten times larger than it is today.

So what skills does Bezos swear by? And why do his employees manage to supercharge their pay packets whereas those of other companies don’t?

 

Think Like An Owner

Employees often complain that the expectations of the owners of businesses are unrealistic. They expect their employees to work as hard as they do, despite the gulf in financial incentives. But this is where Bezos differs from the majority of business leaders. Instead of treating the people who work at Amazon as employees, he tries to give each person ownership over the company. As a result, every individual in the business has a vested interest in its success, and the costs of leaving are higher.

Not all businesses are as forward-thinking, but the principles still remain. If you treat a business like you have some form of ownership over it, that will be detected by senior management. They’ll then view you as leadership material and put you on the path to promotion.

 

Learn To Operate Equipment Which Requires A License

There’s a reason people who learn to operate equipment earn more than those who don’t: certification. Certification is a barrier to entry, pushing up wages in the affected industry, helping you to make more money. In Bezos’ empire, warehouse workers who can drive forklift trucks earn more than those who can’t. The same goes for truck drivers. Those with the relevant skills earn more than those who are only authorized to drive lighter vehicles. It’s important, therefore, to learn about driving test requirements, says Bezos, and build skills that are rare in the company.

 

Prove You Can “Get Things Done”

Today’s businesses are, arguably, overly complex and bureaucratic. As a result, it’s often really hard to get things done. Bezos and other employers are looking for individuals who are able to manage and reduce that complexity and deliver projects on time. They’re not so interested in the “how” but then “when,” which is why developing your leadership skills is so important. Great leaders don’t try to manage complexity. Instead, they accept it and take a more Bayesian view of progress in their work. Instead of believing (naively) that there’s a right answer, they strive “to be less wrong” in what they do. This approach, over time, helps individuals get closer to the truth and manage their teams better.

Amazon understands that its teams don’t work with perfect knowledge. That’s why it trains its managers and leaders to accept that they are always going to have data problems, and any decision they make will always be flawed in some way.

Why Truckies Are Usually Thrilled By Their Jobs

When it comes to career options for people who haven’t been to university, the outlook can sometimes be bleak. Most jobs won’t even entertain an application if you don’t have the right academic background, even if that background has nothing to do with doing the actual job well. Worse still, non-higher-education jobs don’t tend to have particularly good career advancements, such as restaurant and retail jobs.

But there are some jobs which you can still walk into, even in this day and age, which promise greater financial independence and the ability to progress up the pay scale in the trucking industry. That makes the job role quite unique. Here’s why people love the trucking business and are thrilled by their jobs.

 

Choose Your Own Hours

Some truck drivers work for commercial outfits and get paid regular compensation by the mile. But if you can afford the upfront capital costs, you can buy your own truck and choose the projects that you want, setting your own hours in the process. After having spent a few years working for a large haulage company, many truckies go on to do precisely this, giving them the freedom to work as many hours as they need while finding time for other important things in their life, like their families.

 

You Can Be Financially Independent

Entry-level pay in the trucking industry is relatively low, just like it is in many other jobs. But after the first couple of years, pay slowly begins to rise. After about five years, it’s not uncommon to find yourself on a modest income more than $50k per year.

Once you’ve got suitable experience in the trucking sector, you’re also able to start taking on private jobs and contracts. Most truck drivers make more money per trip when signing their own deals with suppliers since the haulage company doesn’t take a cut. Operating your own commercial freight company can net you additional cash that you wouldn’t otherwise get.

 

You Can Progress Up The Skill Ladder

The more qualified you become as a driver, the more money you can make. For instance, truck drivers who can drive vehicles with air brakes are able to drive bigger cars than those who can’t. What’s more, the internet is full of help and advice for drivers looking to expand their repertoire. There’s lots more test guides here for you to peruse at your leisure. Increasing your skill set makes you eligible for jobs that involve wide or heavy loads which often pay more.

 

The Job Outlook Is Good

 

There’s a lot of talk about automation stealing trucking jobs. But the early indications are that automation won’t do that. Instead, it’ll make being a truck driver safer. Currently, thousands of truck drivers are injured on the roads every year. It’s a tragedy. But with new self-driving technologies, that might become a thing of the past. According to most experts, autonomous vehicles are already about twice as safe as the average human, despite their current flaws. But in the future, they could be up to ten times safer, meaning far fewer collisions for truck drivers, and less chance of injury. What’s more, even though the trucks will drive themselves, regulators will still demand that the systems are supervised by a human pilot – namely the driver – who can take over at any point, should the system become confused or not know what to do next.

Other factors are affecting the positive job outlook too. For instance, thanks to the growth in internet shopping and ecommerce, the demand for logistical services is on the rise. The Bureau of Labor statistics, for instance, predicts that the number of truck drivers required by the economy will increase by 5 percent per year for the foreseeable future. Because demand for truckies is high, that means that wages will go up – or at least be prevented from falling – ensuring that more people can enter the middle class.

 

The Conditions Are Good Unless You Want To Work Long Hours

In the US, the number of hours a truck driver can work in a week is limited by the Federal Motor Carrier Safety Administration. According to their regulations, truck drivers are not allowed to work for more than 14 hours straight, including unloading cargo. In addition, they’re not allowed to drive for more than 11 hours in a single day for safety reasons.

The total number of hours truckies are authorized to work in a week is also capped to 60, and drivers must then take at least 34 hours off before starting their next shift.

FreedomPlus Could Help You Simplify Your Debt

A new school year signifies new beginnings. New teachers, new classes, and new goals for both children and parents. Is regaining control of your debt one of your goals? If so, now is a great time to do so. Whether your goal is ultimately to improve your credit score, resolve your debt, or both, there are a few things you should know as you begin. And if you need help, FreedomPlus could help you simplify the process.

Important Factors that Impact Your Credit Score

The way that credit is rated changes from time to time. However, some things continue to remain constant. For example, paying your bills on time is still the biggest factor that impacts your credit. While other things like your total amount of debt also impact your score, on-time payments account for 35 percent of it. So, if you are looking for the most effective way to build a solid credit score, make it a habit to pay your bills on time. Some tools that you can use to get into this habit include setting up automatic payments or use a budgeting and organization system. This can be done on your computer, or you can even create a physical filing system for your bills. The key is to find something that works for you and stick to it.

Now, sometimes life happens and the bills add up to more than what you have the resources to pay. In these cases, there are ways to get back on track. You can try to find ways to cut expenses in other areas, or even take up a second job. Another alternative is to seek a debt consolidation loan from FreedomPlus, a personal lender that belongs to the Freedom Financial Network of companies. Whatever method you choose, the key is to address the issue soon before the bills begin to pile up.

 

What You Need to Know About Prioritizing Your Finances

When you look to make a fresh start, whether it is at the start of a new school year, new calendar year, or for any other reason, you need to know where to begin. This can be confusing with all of the conflicting advice out there. Some experts claim you should pay off the credit cards as soon as possible, while other say it is more important to build an emergency fund. And what about retirement savings? If you are working with limited funds, figuring out where to allocate them can be puzzling. The truth is that all of these things are important.

Start by making sure you can meet your monthly payments for your home (whether that means paying a mortgage or paying your rent). Next, address any student loan debt that you might have. This is another vital one to keep up with.  When it comes to saving or paying down the credit cards, ideally you want to tackle both of these at the same time. While this may sound impossible, it can be done. Saving six to nine months of income in an emergency fund is important to do, but you can take it slow. Do what you can and stick to it. Over time, you will see the fund grow.

As you are working towards building savings for emergencies, you should also try to eliminate your credit card debt. When you pay down your credit card debt, you effectively produce a 15 – 20 percent return on your money! If you find that all you can do is meet the monthly minimum payments, then this is going to be a very slow process. Utilizing a custom loan from a program such as FreedomPlus could help you take control of your finances much quicker.

What is FreedomPlus?

FreedomPlus is a straightforward, simple personal loan program that could help you get back on track financially. Each loan is custom-tailored to the unique needs of the borrower and it is based on more than just your credit score. The process is simple – just submit your application online, talk to one of their knowledgeable loan consultants to see what you qualify for, then receive your money to pay off your credit cards. Or, use it for another purpose.

FreedomPlus offers loans that range from $10,000 to $35,000 and are used them for various reasons. In many cases, you may know the same day if you are approved. And once you are, you can have the money you need to your account within 48 hours. You will know from the start how much you can borrow and what it will cost you to do so. There are no hidden fees or extra costs. The process is designed to be straightforward and easy so that you can simplify your debt and start a new beginning.