When to Hop Jobs For More Money? How to Gauge When It Is Time to Move On

When to hop jobs for more money? This is a very popular question, especially now since we are in the “great resignation” where everyone is leaving their jobs for either more money, or because they are tired of working. Sometimes, this is a very good move, and other times not so much. The common quote that I see tossed around is the “grass is greener on the other side, until you get there and it’s not” but in certain. cases, and actually in most cases, it is just as much of a risk to stay where you are at then to leave your current job. Jordan Peterson says it best “you should be worried about the risk of changing jobs. But you should also be worried about the risk of NOT changing jobs if you are in something of a dead end job or one that is making you miserable. I am writing this blog post because I currently have a job offer on the table that will bump me up from around $60,000 to $80,000 per year, a 32% raise that is significant enough to make me strongly consider the change. Subscribe to our blog for additional details and information!

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When To Hop Jobs For More Money? My Thoughts On This Idea

Once again this is some anecdotal evidence and my own thoughts on when you should hop jobs for more money, considering all the possible risk factors. I’ll use my current situation as something of a guide for this, as I am writing this both as sort of a blog post for my readers, and as a published journal entry for myself. Some of the benefits of this new job are:

About a 35 to 45% raise depending on how you look at it.

Possibility of more growth and future raises in the short to medium term

Additional Savings each month (it’s about an extra $1500 per month cash in my pocket)

A greater employer match

A fresh start

It sounds like the new manager has a personality that I could work well with

It sounds like a fantastic opportunity for overtime, and one that could keep me incredibly business focused (I’ve begun to start wasting some of my time and drifting a tad, sleeping in on weekends, spending too much time on women and watching TV, playing videogames etc.). This could be a chance to quash some bad habits.

Any fresh environment you are thrown into inevitably leads to growth, and that is what should happen here

Some Journal Notes On My Current Situation

As an update since I wrote this blog post, I actually accepted the job offer at $75,000 per year. I will be putting in my two weeks notice likely about 2 weeks from now. This is terrifying and exciting at the same time, but being it looks like I’ll be able to get my team fully caught up and in a decent spot upon leaving, and hopefully leave on really good terms and maintain my contacts, I have to say I think I am making this decision at the right time.

Final Thoughts On When To Hop Jobs For More Money, My Opinion

What are your thoughts on when to hop jobs for more money? I typically have valued the people skills aspect of business more than the technical or even financial side of things, just because I have seen the immense and sustainable power that it can provide over the long term in terms of beating out all odds and letting groups of people push through chaos. However, I have also seen what workload power and computer skills can do in order to put money in people’s pockets, and I must say this is a chance I have to take here. For more information on all things finance, read on or subscribe to our blog for additional details and information.

Cheers!

*Inflation Hedging.com

Sources:

https://www.bankrate.com/banking/cds/cd-rates/

https://money.cnn.com/data/markets/

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