In this episode Cem and Wayne discuss whether there is ever a right time to work for ‘free.’ We talk about why you should care more about what you can learn than what you can earn, especially when you’re just starting out and why working for free is often a symptom of not valuing what you know. We also break down the key points to take into consideration if you’re ever contemplating working for ‘free.’
What you’ll hear
5:00 Supply and demand in the workforce.
8:00 Is education inflation to blame?
9:00 Internships vs apprenticeships.
10:20 Is free work a self worth issue?
13:00 “Not all payments are monetary or instantaneous.”
17:00 “You need to know where the value lies.”
20:00 “Is it paid? Does it further my career? Is this a passion of mine?”
22:00 “Often, the more you charge the more you’re valued.”
32:00 “We’re moving towards self-employment, people need to know how to charge.”
35:00 Is someone else getting paid for what you’re doing for free?
40:50 Will I get noticed by the right people?
46:30 “There is always a place for working for free but you must know when to draw the line because no one else will.”
48:25 “’Free’ can be a tool for trust and relationship building.”
Quote From The 48 Laws Of Power:
Despise the Free Lunch
What is offered for free is dangerous – it usually involves either a trick or a hidden obligation. What has worth is worth paying for. By paying your own way you stay clear of gratitude, guilt, and deceit. It is also often wise to pay the full price – there is no cutting corners with excellence. Be lavish with your money and keep it circulating, for generosity is a sign and a magnet for power.
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