February 16, 2010 I read Seth Godin’s book Linchpin. At the time I worked in banking netting less than 50% my current pay. I knew that if I wanted to get my earnings up I’d have to switch companies and possibly switch careers entirely. I became increasingly more frustrated with where my future looked there. The next step up was assistant manager and even he didn’t make a whole lot more than I did.
Currently I enjoy my job, enjoy my team but I also feel like I’m not pushing myself hard enough to get promoted. So I need to become a Linchpin and use my skills to make me more valuable. Each week I need to set a smart goal like an hour a week. I’ll inevitably get hooked and want to do more but like the gym showing up is half the battle.
If I want to retire early or on time with a lot of cash I need to accelerate my annual earnings. If I don’t get promoted this year, I will be in the market to start looking for another company to work for. This is not something I want to do, but staying where I am for a long period will almost ensure I never get close to the the $100k gross target I want to hit by the time I’m 40. Then again I have almost 9 years until that happens. I just don’t want to screw things up for myself by getting comfortable.
At the same time…
- I have good work / life balance now. We have busy moments of course and I have to put out fires but I don’t have someone yelling at me each day to do something. Been there before and it wasn’t a good arrangement.
- My friends who make a lot more money than I do are way stressed out.
- Once I get Navient paid off I can accelerate the process of putting money aside for retirement. Like minimally $6k in the Roth and $8k
- It’s not all about money
- It doesn’t have to be an all or nothing approach, I could dabble or multiple things with minimal risk. Keep trying at it until something has a pay off.
- There’s always the possibility of being downsized. Doesn’t look likely, but life and business is fluid and you just never know sometimes….