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by Sukotto
4350 days ago
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I was in somewhat of a similar position earlier in my career. I was afraid to stand up for myself and ended up meekly accepting my employer's BS about how there wasn't money in the budget for raises, but they liked me so much and valued my work and can I please work just a little more unpaid overtime? I gave away hundreds of thousands of dollars worth of salary for nothing more than a smile and a thank you. And that's not counting the present value of that money had I pooled it with the rest of my investments (nor the opportunity cost of those extra hours worked). In fact the amount I "lost" by being my company's bitch dwarfs my investment returns. And I could have had it without taking on the much larger risks of the stock market. That's maybe the most important lesson. So don't make the same mistake as me. Get out there and look for a better job. Always be looking for a better job[1]. Give each employer your full effort... And don't hesitate to to jump ship the minute something better comes along. Just like how they would not hesitate to lay you off if it made financial sense to them. [1] where we define "better" as "job that pays a least the market rate; that you enjoy; learning something that makes you more valuable to your next employer." You are a business just as much as your employer is. That means you promote your service to potential buyers; understand the value of your service; and charge what the market bear for your service |
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This is the piece of advice I wish I knew early in my career. Tape it to the bathroom mirror and ask "What did I do yesterday which increased the enterprise value of Me, Inc. and what is my plan for doing more today?"