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#079 Andrew Wilkinson: De-risking Leverage, Investing vs. Operating, and the Best Part About Business [Replay]

Smart Friends

NOTE

Understanding Total Compensation: Look Beyond the Base Salary

Recognizing the components of total compensation is crucial for assessing affordability. It is a common mistake to react solely to the total compensation figure without considering its breakdown. For instance, a reported salary of $200,000 may consist of a base salary of $80,000 complemented by variable bonuses, equity, and other incentives. This highlights the importance of a comprehensive understanding of compensation structures to make informed financial decisions.

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