Monday, August 9, 2010

Money is Everything, when it comes to Work

"Money is Everything, when it comes to Work"
This is the fact i learnt after working for 3 years.

I have always heard about other factors that i was always asked to consider like "Experience, Learning, Environment, Company Reputation". I am not saying that these factors are not important. In fact they are very important ones just because they can help you reach your main work target "More Money".

All i wanted people to know is that they should measure these factors right. I am here throwing how i calculate these factors right now. and i am open to hear your opinions.

Experience:

you can stay at a company just because it gives you experience. What is the value of that experience? If the value is not getting more money or better position (more money also) then it is of no value at all.

You can invest in Experience. Yes it is an investment because you might be leaving a job of higher salary because on the long run, you will get better salary which for example after 5 years or 10 years will sum up and exceed the sum you could have got from the other job you refused.

Some people just love the word and don't calculate its value. This is a fault a lot of people including me, are falling in.

Also you can gain experience in working with tool X which is not used in any other place rather than your current job. This kind of experience is not to be counted as one.

Environment

Working in a good environment is a very good thing of course. But it should also be measured.

This is of course after excluding bad ones which even if they give a lot of money, i won't accept joining them to be a slave or treated in a bad way.

For example, if you get 3K and you found another place that gives 4K but you love your current environment. If you want to stay where you are, then know that you are simulating the case of someone who takes 4K but spend 1K on his own pleasure.

Some other person might say that i need that 1K for another thing which will amuse me more than the Environment. or at least this lovely environment is not to be compared with 1K, 500 might be a good price.

Learning

you learn to be better so that you get better job or position (Money Again)

Company Reputation

Some people accept getting less money just to say that they work at Company X which has a very good reputation. or to get this company name in the CV so that they can move later to a place giving more money.

Conclusion

At last, i want to say that some people don't just care about money. but they care about achievements and reaching some goals they love to reach.

This is OK of course. but just know that you are paying from your money on your pleasure. No more no less. This was the word i heard from a very good investor before who said that he decided to forget about money for several years and spend on his own amusement.

One last example to summarize all this talk
if the best salary, one gets in your field is 10X. you should seek getting that one.
you can look at your current work and say

3K + (2K investment in experience and learning) = 5K
but i love the environment and won't leave my place at all
so i will weight it 5K
now i have 10K which is the best salary i should get

and when anyone asks you how much you get, tell him 10K
if you were asked so why don't you get yourself a car? tell him because i spend a lot on my own amusement

i pay 5K just to have some refreshments. may be he will accept your words
not sure if your wife will but in the end it is your life and you are the one to plan it

Have a nice salary and money :)