Do you hit the snooze button multiple times in the morning because you just don’t want to work? While at work, do you daydream of being somewhere else? Well too bad! You’ve won the lottery and you don’t even realize it!
Let’s say you make $50,000 a year. Divide your income by the current 4% risk free rate of return and you get $1,250,000! In other words, if you have $1,250,000 sitting in the bank right now earning a 4% rate of return, you’re making your current salary of $50,000 a year. Not bad winning $1,250,000 huh? Now take your income, and divide it by 4% (0.04) and let me know how much you’ve won!
It doesn’t matter what job you have now. Just know that the job you do have is coveted by a tremendous amount of people. This includes my first job mopping McDonald’s egg bits at 6am. My manager told me I was lucky to wear the purple and black (colors of the uniform) because he turned down 8 other candidates over the past month. I just felt lucky I could stuff my face with as many FREE apple pies when he wasn’t looking!
WHINE AND CHEESE
What is it about the water cooler that attracts the whining crowd? I swear, every time I go to the pantry to get a drink of water, all I hear are folks complaining about someone, or some aspect of the job they hate.
“I can’t believe Jerry is taking time off from work right now when we are so busy!”
“How come he gets a raise and I don’t?”
“I might as well be working for peanuts with the bonus they gave me!”
“Can’t believe we hired that dimwit. What was he thinking?”
There’s one colleague who literally complains in French for 45 minutes everyday non-stop! It’s like Pavlov’s Dog. As soon as we hear her French, we’re conditioned to think she’s complaining even though we don’t understand a word she’s saying. Complaining is like an infectious disease that invades that permeates and breaks teams apart. It’s got to stop!
IF ONLY PEOPLE KNEW HOW GOOD THEY HAVE IT
One in ten people are out of work, and there are plenty more who would HAPPILY do your job for less. Despite double-digit unemployment, misery pervades. Some blame it on having to do more work for the same pay since there are 10% less people to help contribute. Others think their jobs are beneath them. Well if that’s the case, just move!
Job hopping is a common phenomenon at the beginning of the year. The interesting thing is that once a hopper, always a hopper. You can see resumes with five jobs in as many years, making you wonder what the heck is wrong with the person. More times than not, it’s because the candidate always believes the other side is better. There comes a breaking point where an employer will stop giving you the benefit of the doubt for jumping around so much, and then you’re stuck in oblivion.
Every now and again, I get the case of “Greener Grass Syndrome.” I wonder what it’s like to do something else, or be someone else. Oh how wonderful they’ve got it. Then I snap back to reality and count my blessing with my existing employer. Everything is relative, and it’s important to treat your existing job as if you hit the big one.
If you have a job, just know that you are the winner among a large pool of quality candidates. Once you change your mindset, you’ll stop complaining and start flourishing again.
Readers, why do you think some workers complain so much about their jobs even during times of economic stress? Do you think men and women complain equally as much? With the economy still in a fragile state, why don’t people realize how good they have it?
* The risk free rate of return is simply the amount of money you can earn risk free. 4% is used because you can earn 4% in an FDIC-insured 5-yr CD currently. The 10-yr yield is also considered a RFR at 3.65%. Yes, we have to do something at our jobs to make money unlike the interest income from savings. That said, I’m trying to highlight a different mindset so disgruntled workers stop taking their jobs for granted.
Want to make extra money quickly and easily? I’ve recently tried out driving for Uber in 2015 because they are giving up to a $300 bonus after you make your 20th ride. After 25 hours, my gross pay is $32/hour, which is not too bad! I can see how people can easily make an extra $2,000 a month after commission and expenses with Uber or any ridesourcing company. I’d definitely sign up and drive until at least the bonus . Every time I plan to drive somewhere, like my main contracting gig down in San Mateo, I’ll just turn on the Uber app to try and catch a fare towards the direction I’m going. Why not make extra money?
$32/hour is a huge pay cut for me and it’s a humbling experience as well. But discovering the whole ridesourcing experience first hand is fascinating! I’ve got so many stories to share in the future about my experiences picking up random people.
Sam @ Financial Samurai – “Slicing Through Money’s Mysteries”
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