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Mar 04, 2019 12:14:03

The danger of making too much money

by @brandonwilson PATRON | 352 words | 377🔥 | 377💌

Brandon Wilson

Current day streak: 377🔥
Total posts: 377💌
Total words: 125880 (503 pages 📄)

Most people start their careers in entry-level jobs making minimum wage or a modest amount. The dream, of course, is to do a good job, get promoted, and eventually make more money. 

You start out measuring raises in cents. You talk about getting a twenty-five-cent raise or a fifty-cent raise. Eventually, you might move from an hourly job to a salaried job, otherwise known as an "exempt" position. Say goodbye to overtime (and for many people much of your free time) in these positions. But your raises are now measured as a percentage of salary or dollar amount added to your annual salary. But you don't care about that number. You care about the number in your paycheck. Sure, $2500 per year increase sounds like a lot, until you look at your check and see the net amount went up by $40.

When you make a modest salary, you have more freedom to move. You can swap one job for another, even in different industries, because the pay is similar. Once you start moving up the ladder and making more money, it becomes more difficult to get off the train. Most people live the lifestyle afforded by their salary or as divorce lawyers like to say, "the lifestyle to which one has become accustomed." 

Don't let this happen to you. Don't stay in an industry you don't like just for the money or a false sense of security. One day you'll be happy with your finances but you'll be unfulfilled. 

How do you break out of this vicious cycle? You start working on yourself. You educate yourself. You become better physically and mentally. You reduce your lifestyle and save money to plan for an eventual exit. And you make the most of your free time to pursue things that matter. 

Then you take the leap and do it. You show people what is possible. Then you do whatever you can to help others do the same thing. 

The cat's out of the bag now. This is my game plan. I'm not where I want to be yet, but I've got a plan to get there. 

  • 1

    @brandonwilson
    Sounds like you're gonna take a leap! Good Luck!

    Mark Armstrong avatar Mark Armstrong | Mar 04, 2019 16:48:30
    • 1

      @RealNegotiator I'm exercising my legs!

      Brandon Wilson avatar Brandon Wilson | Mar 04, 2019 15:46:13
  • 1

    @brandonwilson

    very nice. Will you write more in detail about your career path so far?

    Abe avatar Abe | Mar 04, 2019 22:33:01
    • 1

      @abrahamKim Thanks for asking. That's a good topic for a future post. The short version is that the bulk of my career has been in the healthcare insurance industry in operations and currently IT.

      Brandon Wilson avatar Brandon Wilson | Mar 04, 2019 15:46:56
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