You work hard for every single cent that you make so you should make sure that all of your hard work is worth it. Even somebody who is rich doing something they love still has to put in the time and effort to get paid. A sportsman may be living out his or her childhood dream and doing something they love but they still would have had to sacrifice a whole lot and work extremely hard to get where they are.
It is not easy to earn money
Always remember all the hard times you had to endure when you didn’t have money or when you had to go out in the world and start making your own money. Make sure everything that you buy is always worth it. Even when you buy gifts get your money’s worth. Make sure you shop around and look for the good one. Brainstorm and think of as many ideas that you can, always remember who you are buying the gift for. If you buy a random gift then you are wasting money but if you get something somebody loves then it will be money well spent.
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This is important for business organizations
For a company it is very important that they get their value for money because it is the only way that they will be able to become efficient and effective. If they are paying unproductive workers or if their supplier is always late and giving them poor raw materials to work with it then they are wasting money. This is because they will lose money because they will create less output for more inputs and the output they create will be of poor quality. This is why some companies pay workers according to the work that they have put in. This is called the differential piece rate system and means that workers are paid according to the amount that they produce. This means that workers will always be compensated for performance and employers cannot be accused of unfair treatment when it comes to pay. Some work places have equity problems where a person’s input ratio is more than somebody else’s input ratio but the other person still gets more rewards. This can be due to favoritism in the work place.