3049: Changing Jobs for More Money - Is it Worth It by Philip Taylor of PT Money
Feb 22, 2025
Changing jobs for a better salary is tempting, but there’s more to consider. Job satisfaction, stability, and lifestyle choices play crucial roles in career happiness. Job-hopping for money can lead to long-term dissatisfaction. Knowing your market value through salary surveys is helpful, yet building career capital in your current role may bring greater rewards. The podcast emphasizes the importance of emotional connection to work, especially in today’s economic landscape.
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volunteer_activism ADVICE
Prioritizing Job Satisfaction
Prioritize job satisfaction over solely pursuing higher pay.
Only consider changing jobs for money if you hate your current role or face financial strain.
volunteer_activism ADVICE
Resisting Job Hopping
Avoid frequent job-hopping for solely monetary gains, as it hinders long-term career growth.
Seek stability and prioritize familiar environments over chasing uncertain financial gains.
volunteer_activism ADVICE
Knowing Your Worth
Use salary surveys (e.g., PayScale, Salary.com) to understand your market worth.
Negotiate or consider job changes if your current salary falls short of industry standards.
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Why Skills Trump Passion in the Quest for Work You Love
Cal Newport
In this book, Cal Newport challenges the conventional wisdom that following one's passion is the key to career happiness. Instead, he argues that passion often follows mastery and that developing valuable skills and expertise is essential for creating work you love. Newport presents four rules: Don't follow your passion, Be so good they can't ignore you, Turn down a promotion, and Think small, act big. He supports his arguments with case studies from various professionals who have found satisfaction in their careers through hard work and skill development.
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 3049:
Changing jobs for a higher salary can be tempting, but Philip Taylor argues that money alone shouldn’t be the deciding factor. Job satisfaction, stability, and lifestyle impact are key considerations, as frequent job-hopping can lead to long-term dissatisfaction. While salary surveys can help determine fair pay, sometimes staying put and building career capital offers more benefits than chasing a bigger paycheck.
"You absolutely hate what you do; if you don’t, you’re likely to be miserable and just go about the motions because you need the money."
"When you change jobs just for the money, there’s no end to it; you tend to keep job-hopping all your life, flitting like a bee from flower to flower without really gathering anything of substance."
"All things being equal, you need to get the best salary that the market will pay."
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