Ambition can be a good thing. That is … until it drives you INSANE because all you do is work – all of the time! All too often we make the mistake in our careers by having the notion that taking on more and more projects will convert proportionally to more income. But then we’re disappointed when all that happens is we end up working way too much and the whole thing just blows up in our face. Believe it or not, there’s a theory in economics that can help explain why this is an effort in vain. But as you’ll find out, where one door closes, another one can open. Let’s take a dive into understanding how this all works together. The Law of Diminishing Returns: When I was studying for my MBA, there was a really interesting concept they … [Read more...] about A Better Alternative to Working Too Much
work life balance
What do you consider to be someone who’s “made it”? Does that phrase bring up images of young fit people in business suits smiling as they rush to the next meeting holding their cell phone to their ear and a Starbucks treat in the other hand? While this is often a popular stereotype seen on TV and the media, for those of us that actually make it there it can come with a lot of sacrifices that we might not even be sure (or even aware) that we’re willing to make. So ask yourself this: Why does being successful have to stem from only your job? Aren’t there other ways or other things you can participate in that would be just as rewarding or fulfilling? You may not realize it, but developing a healthy separation between work and … [Read more...] about How Being Successful Might Include Leaning Out From Work
Recently a coworker and I were discussing how his wife would not be returning to work simply based on the fact that child care was too expensive. At the rate it would cost her to place the child in daycare and go to work, she’d actually be “losing” money. Simply put: If you compare dollar to dollar, it may not make any sense to go to work if you’re going to pay out more than you take in. As a parent, I can definitely tell you - kids are expensive! They eat a lot of food, wear a lot of clothes, need a lot of entertainment, and require a lot of stuff. It wasn’t that long ago that my wife and I had to make the same kind of decision ourselves. At the time, my wife was making around $1,000 net per paycheck. The cost of our daycare: … [Read more...] about Can You Afford to Work?