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The past three months have been an “SOS” call but of a very pleasing kind. When I add up the salary that I have earned over the past three months, it exceeds the annual salary that I used to make about 4+ years into my professional career. And at an average salary savings rate of 53.34%, my savings look like they’ve been suddenly injected with a healthy dose of steroids! If my savings were physically sweating it out at the gym, they’d look somewhat like this –
Sketch by D. Thanks D!
That’s “Savings On Steroids.” That’s an SOS I can happily live with.
Now, you usually don’t read about this on personal finance blogs, but your career when managed properly, can seriously accelerate your run towards financial independence and help bring-out your own cry of SOS.
Getting there isn’t really easy though and I can safely say that mine has come through the early years of very hard professional work (and that’s a trait I often find missing these days from someone just out of college) and financial sacrifices. I’ve often sacrificed on compensation in exchange for exceptional work and learning experiences but I find today that the very same sacrifices are now paying exceptional financial dividends.
Frankly, I wasn’t really very good at managing my career (financially speaking) until recently, but being debt-free for quite some time now and being well on my way towards financial independence, I find that I have a lot more leverage when considering career choices, negotiating compensation, and such. Once you get to this stage though, very interesting things begin to happen when the law of cause and effect begins to compound right in front of your eyes. Your high financial leverage directly let’s you negotiate the highest possible compensation. This high compensation then directly adds more and more to your already high financial leverage each month. You seriously become one big avalanche.
This doesn’t mean that you suddenly stop working hard once you get there. You certainly have to continue working hard (lest you forget what got you here in the first place) but then you get that super-mystical power to say “NO” to pointless meetings, meetings just for the sake of meeting, conference calls, and such and this frees-up even more of your time to actually work hard, to achieve what you’re hired for, and to prove how valuable you are [and consequently let the law of cause and effect compound things in your favor further].
The hard work apart, I must not forget the root cause for all of this success — exceptional upbringing by my parents. How I wish they were with me today…I hope to be at least a tiny fraction of what they were.
I know I have their unending blessings from above.
But, what do you think?
Is the willingness to work hard a missing trait these days? What’s your observation?
Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.