I was wondering what the difference is between someone who earns 10,000$ and someone who earns 1,000$ dollars even though they are in the same field
A person with 10.000$ works less than another person.
John and Doe works in the same field: Selling bottles of water.
John sell the water in his marketplace, somewhere in the city. The price is $1/bottle.
Doe sell the water in his marketplace, somewhere in a remote touristic area. The price is $10/bottle.
They both do the same amount of work, but Doe invest more energy in bringing the water into his marketplace.
Doe know there is a huge demand for his water, so he afford the hussle, for a bigger profit.
I was wondering what the difference is between someone who earns 10,000$ and someone who earns 1,000$ dollars even though they are in the same field
A person with 10.000$ works less than another person.
The difference usually comes down to working smarter, not harder. The $10,000 earner likely has systems in place, automates tasks, and targets high-value markets, while the $1,000 earner might be doing more manual work or focusing on less profitable areas.
Some people have certain advantages from childhood - whether it's an innate ability or something they've discovered in themselves and they have it better than others. This is often what makes the key difference. Nevertheless, even someone with only $1,000 can be happy.
The 10k person, have more knowledge, period. It may or may not have more capital, but for sure knows more that the other. He knows marketing, problem solving mindset, how to do customer servoce, how to sell, how to employ, how to automate etc. More knowledge
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