Are You Paying Too Much for Your Job?

This is a post from Neal over at WealthPilgrim.com. After reading the article, be sure to sign up for free at Wealth Pilgrim to receive more from Neal.

You might be paying a very high price for the work you do. In fact, it might make a lot of sense for you to take a lower paying job or stop working all together.

This thought occurred to me recently while I visited my daughter in Israel.

She’s a student and she’s also working part-time. I’m a huge fan of working through college but the next 6 months are really critical for her future.

You see, she’s studying for an exam that will determine what she’ll be able to major in. That in turn will have a huge impact on what career she’s able to pursue later on. You can see that it’s very important that she do as well as possible on that test.

I suggested that she quit her job and let me kick in a few shekels each month. She in turn would be able to devote all her attention to the exam in March. She’s a proud kid and very independent. She told me she’d consider my offer and get back to me.

If she does accept the help, it could be a huge win for all of us and I personally think it’s a no-brainer. The amount of money she needs to support herself is very modest. She doesn’t need the support for very long and the payoff could be huge.

Why am I sharing this with you?

Think about how you spend your day. Is it the highest and best use of your time? Is it consistent with your long-term dream? Do your daily activities get you closer or further away from your ultimate goals?

Let me give you another example.

Let’s say your dream is to become an attorney (if so, may the Lord have mercy on your soul). In order to that, you have to go to law school of course.

But let’s say you don’t have any outside support possibilities.

Assume you have to continue working as a receptionist in order to keep a roof over your head. Are you doomed to spend the rest of your life with a headset strapped to your scalp?

No way.

You can still apply these principles.

You may not able to quit work and devote all your energy to law school, but if you want to be an attorney badly enough, you could look for higher paying work that will allow you to pursue your dream.

You might become a food server in a classy restaurant for example. That might give you the money and time you need. Of course, you might have to start out as a lowly dish washer and work your way up. That might bruise your ego. But in this case, it could make more sense to be a dishwasher (at lower wages) than to continue your work as a receptionist. Make sense?

Have you ever voluntarily gone a down a notch economically in order to pursue a better future for yourself? Are you willing to do it now?