Job satisfaction or higher income

[Nathan]

I believe HIGHER income, as this is what we work for iis it not? also with a not so good work environment it causes motivation to grow and archive financial independance, i now have both, but in pervious job i saw the importance of stressful job aswell, it was a good brainteaser and motivater.
May sound strange...

 

[ozi]

I say if you are going to do something you hate, you might as well get paid well for doing it, otherwise theres no point! This is why I choose HIGHER income Once I've established myself financially, then I can do more of the things I ENJOY

Regards,
Ozi

 

[Aceyducey]

Ozi,

So why do something you hate at all?

Using high pay as an excuse for doing something you hate can be habit-forming and not good for your emotional health.

Cheers,

Aceyducey

 

[ozi]

Hi Acey,

I agree with you totally! The problem I have is I am still fresh out of uni (4 years) and haven't quite figured out what I want to be doing. I initially thought it would be fun to become a Software Developer which is why I did a Software Engineering degree. However, after working in the industry for a few years now I have realised this isn't what I want to be doing for the rest of my life. At the moment I am focussing more on investing rather than my day job and don't really want to move on just yet as the pay is ok. I'm planning to change jobs/careers next year hopefully, but for the time being my job is my cashflow and it gives me the opportunity to invest.

Cheers,
Ozi

 

[poppy]

For me, higher income (after considering the hours worked).

I find that I tend to get tired of any job after a while, so might as well go for the most money.

 

[Nanuq]

income

I picked income but it will only be temperary. People have different priorities at different stages of their life. My ideal progression would be to work hard for money untill I have a family and kids then try to find a job that is more balanced. For those who have the different mind set such as "life is short, why would you do something that you dont enjoy", I dont disagree.

btw, I am a gen Y.

 

[alexlee]

The problem for most people, especially if they have a job that pays them well, is that they adjust their lifestyles to their salary. So when you're in your 40's, you're making a couple hundred k and you realise you want to look for more job satisfaction, you find that you're unable to wean yourself off the money.

As investors, once the portfolio builds up, we can replace our income with rent, asset sales and redevelopment income. Too many people (I hear it enough from my colleagues and friends) are stuck at their jobs because they can't afford to be without them.

Those on high incomes are especially trapped: high incomes usually comes from specialisation. The more specialised you are, the harder it is to change jobs. For myself, I'm an accountant in a bank. Even now I'm a bit too specialised to change jobs without taking a big cut in salary. My own plan is to just continue at my job, get as much money (and what little satisfaction) as I can get out of it, and in time replace my income using the property portfolio.

Without an alternative, especially if you're making a high salary and living to that level, it's unrealistic to just say you will take a pay cut for the job satisfaction.
Alex

 

[kathryn d]

Voted somewhere in the middle.
Compared to most here, I'm a low wage earner (28K).
I really like my job.
Now my job is only a fraction of my income.

A couple of years ago at work we had all the overtime you wanted. I worked 40 hrs during the week and 2-16 hr shifts on the weekend.

For 2 tax years I made 40k.That was all I needed to qualify for our 11 unit building+having most of the downpayment.
Physically and mentally I couldn't have worked like that for much longer. My co-workers were so surprised when I now refuse OT. I told them I had accomplished what I had set out to do.

Most of them know Rob and I have IP's and say they couldn't do that,it's just too hard dealing with tenants.

 

[FrankGrimes]

My sig says it all, I'm actually quoting zappa, but tis the only reason I go to work.

working all day vs surfing, bush walking, stayin fit, family etc etc

picks itself for me.

I'm with you on this! No brainer for me as well. I thought I'd enjoy my job when studying, but would much prefer to be doing things I enjoy.

 

[Barracuda]

I'll take the higher income - "making hay whilst the sun shines".

I've been in a position of pay-cut vs perceived job-satsfaction. Glad I stayed with the money. The grass is always greener on the other side of the hill, but when I had both (the easy job on the same money) I was quickly bored and lost respect for my peers and more importantly, for myself...

Nothing to say that you can't chase the money and do whatever is within your power to plan / manipulate improvements in your career.

Cheers,