“I truly believe that the reason people don’t live out their ideal life...is because they don’t know where to learn.”
— Stephen Alred Jr.
What are some questions millennials should ask before accepting a new job?

What are some questions millennials should ask before accepting a new job?

Every now and then...I'll take a question from Reddit (because there are so many) and give my two cents on here. Hopefully that way it's not in a vacuum and can help more people :)

I believe there's a catch-22 about job hunting when you already have a job. On the downside, you have to really figure out what's important to you. On the positive side, you get to really figure out what's important to you!

Quality over quantity

When you are faced with this decision you have to think about what the quality of life change will be and whether that's worth it. Do you want to move? How much of a chance do you want to take on a not so nice boss? Are there perks involved (i.e. parking lot, gym in the building, etc..)? These are all things you have to consider that can't necessarily be calculated on a spreadsheet.

Once you have an idea of some of the qualitative things that you would prefer, be sure to put them down on a piece of paper and rank them. We rank them just in case you find something that checks almost all of the boxes for you. Worse yet, the one box that it doesn't check is  DEAL-BREAKER. Also, remaining steadfast in your priorities becomes harder when dollar signs get thrown around. Writing down the items that you can't put a price on will help take some emotion out of the air when it comes to the ultimate decision.

Are you engaged?

A lot of people who don't feel fulfilled in the job they already have don't necessarily tie that "feeling" into money. Generally, it's something else entirely and the paycheck just doesn't help the situation. There may be golden handcuffs or a situation where the pay is phenomenal but the work lacks an engaging atmosphere. This exact reason is why Aeon Hewitt reports that 8% of its surveyed sample are in jobs that they have zero interest in, but aren't motivated to quit. 

Put that into perspective will ya? These people have ZERO interest in their current job duties. Meaning that they don't perceive any value to their lives coming from their employment (no learning experiences, no interpersonal value, nothing). If you're at this point...start looking for a job now or develop a side hustle that you're passionate about. 

There's a reason why I instilled a desire for knowing our clients' "why" at my firm. We have to know whether or not they should be looking for employment elsewhere or if they should be striking out on their own. This is a very short life and there's not much time to be in a job where there is zero value added to your life besides a biweekly paycheck. Speaking of paychecks...

Show me the money

Let's dive into the quantitative. Fortunately, you've done a lot of the heavy lifting when you've figured out the qualitative and the priorities that they have in your life. It will be very likely that employers will match each other, but not likely that all of the intangibles will be at both opportunities.

So let's talk about mula. Money is the ultimate golden handcuff. In my career as a financial planner, I meet countless professionals, young and old, who do not enjoy their job. They dread Mondays and live for Friday afternoons. I'm sure I'm not the first to tell you this...that's not the way to live life. 

You spend half of your waking hours at work. IF you have options of where to hang your work-hat, try to avoid choosing to hang it where the grass is greener (from all the money lying on the ground).

You'll regret it later. IF at all possible, choose a position that where the numbers look right and the intangibles are present as well. Having the former without the latter will have you hanging out with the 8% in that AH survey. Zero interest in your job and zero motivation to quit it. 

You're probably thinking, "wait, he never went through the quantitative part of money..." Exactly. Once you have the quality of life items covered by the offer you're looking to accept, the money game becomes a math problem. Can you afford to live and save for your ideal life with what they're offering and your current/near future cost of living?  

 

Provide Context & Value First!

Provide Context & Value First!

Daily Espresso Ep. 10: First thing to do after getting married

Daily Espresso Ep. 10: First thing to do after getting married