I've written a lot on the importance of your career over the past couple of months including:
When I first started this topic, I posted Maximizing Your Greatest Asset: Why Your Career is So Important and received several good comments. I'd like to share a couple of them with you today. Here's the first:
I think that this is a really important topic, FMF. Looking forward to what you have to say about it in April. We all look so hard at how to cut expenses, make more money on side projects, be frugal, etc...but our career is really the most important aspect of our financial lives. I would guess that many of us do not spend enough time focusing on how to maximize the benefit we get from our careers...but we should. A little work to improve our careers can pay huge financial dividends over our lives...much more than clipping coupons to save some money each week on groceries.
Yes, how you manage your career can make a HUGE difference in your financial health. So if you can manage it to maximize your income AND work at saving money throughout your lifetime, you'll do really, really well.
Here's the second thought:
Wow! I never really thought about it this way, but it does make a difference. And you're right about the numbers being realistic - I went back and figured mine out and assuming next month's annual raise is about where it has been the last two years (likely), I'll be right at 10 percent too. Some of that's because I started out working for peanuts - a necessity in my field - but it was that job that gave me the experience for my next two promotions/jobs. I guess it was worth it. :)
For details on how much a difference getting a college degree and managing your career can make, check out Maximize Your Career Earnings: Get a Degree and Manage Your Career. I think you'll be shocked at what a successful career is worth.
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