Increase Your Compensation
Here at Janiczek Wealth Management, we work with many highly compensated individuals.
While much of what we do, in the realm of portfolio management, wealth management and retirement planning, is to augment the past, present and/or future compensation and wealth creation activities of clients, anything we can do to help them increase their compensation is also additive.
Joseph J. Janiczek’s (our founder and CEO’s) new to be released book, FLOURISH! How to Prosper with the Greatest Ease, has a complete chapter on being Well Compensated. Here’s a brief summary of some of the techniques of this FLOURISH! ACTIVATOR #3:
- Begin by getting clear about how you take resources from lower levels of productivity to higher levels of productivity. Increased compensation has a great correlation to increased contribution. The book reviews a variety of ways to add more value to whatever you are doing and in doing so, increasing your compensation potential.
- Examine your role, company and industry in light of the Creative Destruction Lifecycle to learn four key ways to add the most value. The book explains what this lifecycle is about and how to master it to frequently be in the “right place at the right time.”
- Finally, the last four techniques are about increasing compensation in a variety of forms (base pay, incentive pay, benefits, deferred compensation arrangements, retirement plans, paid time off, and most valuable of all ownership interests (stock, stock options, stock appreciation rights, etc.). Techniques such as being visible, generous, exceptionally good and vocal are reviewed to posture readers for the greatest opportunities.
One of the additional reasons Mr. Janiczek put this material together is to assist the family members of clients (adult children and grandchildren) in having a quality blueprint to follow to make their own way in the world. Knowing how to best contribute and best benefit from such contributions is at the root of living a meaningful and productive life and is also at the foundation of wealth creation and mastery. An additional benefit of being a client of Janiczek Wealth Management is exposing family members to such concepts (both those we publicly publish and those we keep proprietary to clients and their families).
