I’m not sure whether I’m being stupidly short-sighted, or just a little conservative. I can’t decide whether to accept a promotion or not.
I’m in sales, more or less, and currently have a salary of $105K but also get overtime so I’ll make about $140K gross this year if nothing changes.
I could accept a promotion and manage a team of people like me. Then I wouldn’t get any OT and my salary would go down to about $75K. After a year, that’ll probably go up to $90 or $100K, but still no OT to inflate that income. And then another promotion–managing managers–would likely be in the cards and I could go up to $110 or so, I think. Promotions are a dime a dozen at the ridiculous rate we’ve been growing.
The thing is, I’m employed by a private company that is very likely to go public–have an IPO–within the next couple of years. If I’m not in management when that happens, I’m not going to be given stock options that many people here seem to think will blow up and lead to way more money than what I’d be sacrificing in salary short term.
I’ve been saving about $2000-$3000/month lately for a down payment for a house and have about $20K saved up now. If I go into management, I’ll barely be able to save at all for a while. That’ll suck. If I don’t go into management, and we go public and the managers get filthy rich and retire early, I’ll have lost out. That’ll suck too. And if I take the pay cut, and don’t strike it rich with stock options later, I’ll have pissed away a lot of money on a gamble. That’ll really suck.
Oh yeah, and I’m putting my fiance through college right now–she has a couple years left. She could wind up pregnant any day, adding the expensive of a child and delaying the day when she could bring in an income.
Asking for personal advice from a weird group (and I include myself here) of housing-obsessed blog readers is probably not the best idea. Honestly, there are some real oddballs here. I, for example, LOST MONEY INVESTING IN GOLD LAST YEAR. I’d like to give you some advice, but I’d probably do more harm than good.
You’re making and saving good money anyway, you should be fine no matter what you do.
Asking for personal advice from a weird group (and I include myself here) of housing-obsessed blog readers is probably not the best idea. Honestly, there are some real oddballs here. I, for example, LOST MONEY INVESTING IN GOLD LAST YEAR. I’d like to give you some advice, but I’d probably do more harm than good.
You’re making and saving good money anyway, you should be fine no matter what you do.
Asking for personal advice from a weird group (and I include myself here) of housing-obsessed blog readers is probably not the best idea. Honestly, there are some real oddballs here. I, for example, LOST MONEY INVESTING IN GOLD LAST YEAR. I’d like to give you some advice, but I’d probably do more harm than good.
You’re making and saving good money anyway, you should be fine no matter what you do.
Asking for personal advice from a weird group (and I include myself here) of housing-obsessed blog readers is probably not the best idea. Honestly, there are some real oddballs here. I, for example, LOST MONEY INVESTING IN GOLD LAST YEAR. I’d like to give you some advice, but I’d probably do more harm than good.
You’re making and saving good money anyway, you should be fine no matter what you do.
Asking for personal advice from a weird group (and I include myself here) of housing-obsessed blog readers is probably not the best idea. Honestly, there are some real oddballs here. I, for example, LOST MONEY INVESTING IN GOLD LAST YEAR. I’d like to give you some advice, but I’d probably do more harm than good.
You’re making and saving good money anyway, you should be fine no matter what you do.
If you take the promotion will you be eligible for overtime? This is a consideration. Which position is most immune from the vagaries of the market? Is either bullet proof or could you lose your job in a worst case scenario?
If you take the promotion will you be eligible for overtime? This is a consideration. Which position is most immune from the vagaries of the market? Is either bullet proof or could you lose your job in a worst case scenario?
If you take the promotion will you be eligible for overtime? This is a consideration. Which position is most immune from the vagaries of the market? Is either bullet proof or could you lose your job in a worst case scenario?
If you take the promotion will you be eligible for overtime? This is a consideration. Which position is most immune from the vagaries of the market? Is either bullet proof or could you lose your job in a worst case scenario?
If you take the promotion will you be eligible for overtime? This is a consideration. Which position is most immune from the vagaries of the market? Is either bullet proof or could you lose your job in a worst case scenario?
Point taken, CONCHO. On the other hand, I’m under no obligation to follow any bad advice I get here. I posted partially as an attempt to gather my own thoughts on the matter as well.
Point taken, CONCHO. On the other hand, I’m under no obligation to follow any bad advice I get here. I posted partially as an attempt to gather my own thoughts on the matter as well.
Point taken, CONCHO. On the other hand, I’m under no obligation to follow any bad advice I get here. I posted partially as an attempt to gather my own thoughts on the matter as well.
Point taken, CONCHO. On the other hand, I’m under no obligation to follow any bad advice I get here. I posted partially as an attempt to gather my own thoughts on the matter as well.
