Want to create wealth? Don't focus on salary, ask for an incentive plan!

As an employee, it is natural to want to know what your salary will be when you start a new job. However, instead of simply asking your employer what your salary will be, consider asking about the potential for incentives as well.

Salary alone will not make you rich. Incentives, on the other hand, have the potential to significantly increase your wealth.

Salary is a fixed amount of money that is paid to an employee regularly, typically biweekly or monthly. It is meant to cover the basic expenses of living, such as rent, groceries, and utility bills. While a high salary can certainly make it easier to meet these expenses and save some money, it will not make you rich.

Incentives are additional payments or rewards that are given to employees based on their performance. These can take many forms, such as bonuses, commissions, or stock options. Because incentives are tied to performance, they have the potential to significantly increase an employee's earnings.

By focusing on incentives, you can shift your focus from just earning a fixed salary to maximizing your earning potential. This can be especially beneficial in industries where incentives are common, as it allows you to potentially earn more money based on your hard work and achievements.

For example, let's say an employee is paid a salary of Rs. 5,00,000 per year and receives incentives of Rs. 5,00,000 based on their performance. In this case, the employee's total earnings for the year would be Rs. 10,00,000 or double their salary alone.

So, instead of simply asking your employer what your salary will be, consider asking about the potential for incentives as well. This will give you a better understanding of your earning potential and help you make an informed decision about your job offer.

It is also a good idea to research the company's policies on incentives and ask about specific examples of how they have previously rewarded top performers. This will give you a better sense of what you can expect in terms of earning potential and how you can strive to earn more through incentives.

Indian real estate industry is one the biggest incentive distributor in the current economic scenario. If you want to start your career and get an opportunity to work in real estate, must ask your employer about the incentive structure, do some due diligence on the employer and if you get a positive response grab that opportunity with both hands.

In conclusion, don't just focus on salary when considering a new job offer. Instead, ask about the potential for incentives and research the company's policies to get a better understanding of your earning potential. Doing so can increase your chances of maximizing your income and achieving financial success.