Comments on: The Harder a Skill is To Learn, the More Income You Can Earn https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/ Sharing insights on how to grow wealth and gain freedom. Mon, 21 Oct 2019 19:27:22 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Zach https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/#comment-39174 Sat, 12 Jan 2019 23:39:31 +0000 https://fourpillarfreedom.com/?p=32942#comment-39174 In reply to Financial Orchid.

“The higher the barrier to entry, the more job security there is, the less replaceable, and naturally the higher pay for the job”. Love that quote! It’s exactly what I’m getting at in this post. The more you can differentiate yourself from the field with valuable skills, the more income you can earn and often the more flexibility you can have in your job because you’re such a valuable asset. Glad you enjoyed this post and thanks for the feedback 🙂

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By: Zach https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/#comment-39169 Sat, 12 Jan 2019 23:35:23 +0000 https://fourpillarfreedom.com/?p=32942#comment-39169 In reply to lisa.

Agreed – learning skills that are actually in demand is key. And the more in demand it is, often the more you can earn!

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By: Zach https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/#comment-39168 Sat, 12 Jan 2019 23:34:42 +0000 https://fourpillarfreedom.com/?p=32942#comment-39168 In reply to Steveark.

Thanks for the kind words, Steve! It’s awesome to hear that chemical engineering worked out for you so well.

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By: Zach https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/#comment-39167 Sat, 12 Jan 2019 23:33:59 +0000 https://fourpillarfreedom.com/?p=32942#comment-39167 In reply to Lin.

I know many people who also altered their college courseload/major to avoid stats classes as well! It seems pretty common haha. Thanks for the kind words, Lin! Always appreciate your feedback 🙂

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By: Zach https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/#comment-39166 Sat, 12 Jan 2019 23:33:19 +0000 https://fourpillarfreedom.com/?p=32942#comment-39166 In reply to Simple Money Man.

I’ve never found it easy to learn programming via YouTube videos. I like a more hands-on approach where I can actually type code and simply use Google when I get stuck. That’s not to say that other people may learn better with videos and guided instruction, though.

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By: Financial Orchid https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/#comment-38856 Mon, 07 Jan 2019 06:40:32 +0000 https://fourpillarfreedom.com/?p=32942#comment-38856 SO MUCH GOLD in this post. Mostly, it can apply to anyone young or old. Of course, the younger the person who applies the lesson from this post, the more return they’ll reap.

I remember my office’s “secret weapon” (aka a programmer hired specifically in-office/in-house) to create IT solutions for operational efficiency. He was hired for a v. special/niche department whereby the apps/programs he created could be implemented at the office level without having to go thru the numerous, bureaucratic, national IT levels for approvals.

His bargaining power is so strong, he once quit because he disagreed with how smthn should be done, and the company begged him to come back. Pretty unheard of right?

Oh yea, he also automated his first job that was primarily data processing.

Like my “secret weapon” colleague told me over lunch once, “the higher the barrier to entry, the more job security there is, the less replaceable, and naturally the higher pay for the job”.

One of the challenges for technical ppl my VP mentions tho is their lack of people management skills. As you move up in pay grades, you’ll eventually reach management pay grade. No co will keep paying you manager pay grade for just taking on senior staff’s responsibilities.

Many technical employees find a lot of challenge coaching, mentoring, deploying human capital resources most efficiently, and handling with politics (all in a manager’s day work).

Many technical ppl (data scientists, programmers, engineers, actuaries, accountants) HATE the ppl management side of things. They’re great at understanding difficult concepts few ppl comprehend, but lack patience in translating difficult, technical concepts into easily understandable language for everyone else.

If you can grasp this skill set early on, which I absolutely think u can based on your work on this site, your career is pretty unstoppable (think C-suite) my young, bright friend. You’re going far friend!

Thank you for your fantastic posts!

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By: lisa https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/#comment-38776 Fri, 04 Jan 2019 16:03:59 +0000 https://fourpillarfreedom.com/?p=32942#comment-38776 Love the article and I’m so glad that your forward thinking and foresight made a huge income impact!
I think the key word is “demand” for whatever you’re learning. A lot of skills can be learned and combined but without demand, it may not be a income source. It may be useful in your life, but research it and see if it may be substantial in someone else’s life so you can make some $.

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By: Steveark https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/#comment-38737 Thu, 03 Jan 2019 22:58:58 +0000 https://fourpillarfreedom.com/?p=32942#comment-38737 Exactly why I chose chemical engineering, there just aren’t many people with the particular mind slant to succeed in getting that degree but industry needs a lot of them. We aren’t as exciting at parties as you statistics guys though. Consequently I had my pick of dozens of companies that wanted to interview me before I graduated. The idea of combining skills worked for me too. I used my ability to write, act and speak to become a lobbyist and influencer in DC for my industry. And after I early retired I still take on both technical engineering and government regulations side gigs to stay sharp. Having multiple skill sets really can result in synergies that separate you from your peers. Really enjoyed this post. I think far too many people focus too narrowly in life, your success shows how mad skills in more than one area are priceless!

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By: Lin https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/#comment-38733 Thu, 03 Jan 2019 20:10:45 +0000 https://fourpillarfreedom.com/?p=32942#comment-38733 Great post! I will prove your point: I actually abandoned my initial business major in favor of an English degree in large part because of that required intro statistics class!!! It all worked out for the best. You are a rare combination of analytical and communication traits, Zach; both sides of your brain are firing. You will go far in life!

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By: Simple Money Man https://fourpillarfreedom.com/the-harder-a-skill-is-to-learn-the-more-income-you-can-earn/#comment-38730 Thu, 03 Jan 2019 20:08:00 +0000 https://fourpillarfreedom.com/?p=32942#comment-38730 Do you believe simple programming could be learned via YouTube videos?

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