The first approach is to pick a role with a high enough ceiling and then do everything possible to maximize the efficiency of that "position." (Spend your entire career in a well-compensated role where your productivity is irreplaceable.)
The second approach is to focus on boosting the efficiency of the "individual," meticulously breaking down your time and filling it with diverse work tasks.
The Evolution of Work
How Stripe Became a Global Payment Giant
Online Street Vendor Business
The Insights of Murphy’s Law
Wealth Comes in Two Tiers: Assets and Cash Flow
Wealth actually exists on two levels: high asset value and strong cash flow. A landlord with several properties in a Tier 1 city may indeed have substantial assets, likely worth tens of millions, but their cash flow is often weak. Those with robust cash flow are the truly wealthy.
The Most Expensive Luxury: Overexpansion That Drains Cash and Turns Tycoons into Potatoes
It truly drains a person.
It exhausts all cash flow.
What's the most expensive luxury for turning a tycoon into a pauper?
It's expansion.
When Your Boss Keeps Pivoting: 3 Dimensions to Link Daily Tasks to Long-Term Goals
Your boss assigns you one task after another, but you can barely see how what you're doing connects to your long-term goals.
There are really just three dimensions to such a connection.
1. What value does this bring to the company?
2. What favor or goodwill does this build with your manager?
3. What reusable skills or experience does this give you?