Comments on: Is Your Career Hurting Your Earning Potential? http://www.pfadvice.com/2008/02/25/is-your-career-hurting-your-earning-potential/ Bridging the gap between saving money and investing Mon, 06 Oct 2008 21:12:17 +0000 http://wordpress.org/?v=2.6.1 By: The Honest Dollar | Triple Play: Vote for Me, Weekly Round-up, Monthly Check-up http://www.pfadvice.com/2008/02/25/is-your-career-hurting-your-earning-potential/#comment-259032 The Honest Dollar | Triple Play: Vote for Me, Weekly Round-up, Monthly Check-up Mon, 03 Mar 2008 13:12:02 +0000 http://www.savingadvice.com/blog/2008/02/25/102039_is-your-career-hurting-your-earning-potential.html#comment-259032 [...] “Is Your Career Hurting Your Earning Potential?” at SavingAdvice.com. Why can’t people with six-figure incomes build up a huge savings stash? Some of them throw their money away on useless luxuries. But even those who are responsible with money face the fact that, often, six-figure jobs come with six-figure expenses. [...] [...] “Is Your Career Hurting Your Earning Potential?” at SavingAdvice.com. Why can’t people with six-figure incomes build up a huge savings stash? Some of them throw their money away on useless luxuries. But even those who are responsible with money face the fact that, often, six-figure jobs come with six-figure expenses. [...]

]]> By: Weekly News: 2/25 - 2/29 : College And Career Blog http://www.pfadvice.com/2008/02/25/is-your-career-hurting-your-earning-potential/#comment-256747 Weekly News: 2/25 - 2/29 : College And Career Blog Fri, 29 Feb 2008 19:47:55 +0000 http://www.savingadvice.com/blog/2008/02/25/102039_is-your-career-hurting-your-earning-potential.html#comment-256747 [...] “Is Your Career Hurting Your Earning Potential,” an interesting fact is brought to light. Even highly paid, successful business people may not [...] [...] “Is Your Career Hurting Your Earning Potential,” an interesting fact is brought to light. Even highly paid, successful business people may not [...]

]]> By: Kristi CF http://www.pfadvice.com/2008/02/25/is-your-career-hurting-your-earning-potential/#comment-256096 Kristi CF Thu, 28 Feb 2008 21:43:25 +0000 http://www.savingadvice.com/blog/2008/02/25/102039_is-your-career-hurting-your-earning-potential.html#comment-256096 It's not his career that is killing his wealth its that aprticular employer. As you said it is highly unusual for an emmployer to not reimburse for the multitude of expenses you listed - especially for someone at his level - and most companies have insurance with a counseling benefit. Obviously the only answer is to quit this job. As for not being able to excercise outside of a club I don't buy it - my husband and I both - in LA - jog or walk around our block and hike. We wear appropriate clothing and carry appropriate protection. This is a myth that everyone buys into that has supported the Fitness Clubs long enough. This is an expense that is easily cut by anyone. Even a one time purchse of fitness cd's/tapes or a treadmill/weight bench etc. islong term less expensive and less fo a hassle/stress than commuting to a fitness club. And, anyone can meditate and/or do yoga, arguably the #1 thing you can do for stress. It’s not his career that is killing his wealth its that aprticular employer. As you said it is highly unusual for an emmployer to not reimburse for the multitude of expenses you listed - especially for someone at his level - and most companies have insurance with a counseling benefit. Obviously the only answer is to quit this job.

As for not being able to excercise outside of a club I don’t buy it - my husband and I both - in LA - jog or walk around our block and hike. We wear appropriate clothing and carry appropriate protection. This is a myth that everyone buys into that has supported the Fitness Clubs long enough. This is an expense that is easily cut by anyone. Even a one time purchse of fitness cd’s/tapes or a treadmill/weight bench etc. islong term less expensive and less fo a hassle/stress than commuting to a fitness club. And, anyone can meditate and/or do yoga, arguably the #1 thing you can do for stress.

]]> By: Tyler http://www.pfadvice.com/2008/02/25/is-your-career-hurting-your-earning-potential/#comment-254587 Tyler Tue, 26 Feb 2008 13:26:58 +0000 http://www.savingadvice.com/blog/2008/02/25/102039_is-your-career-hurting-your-earning-potential.html#comment-254587 Why on earth would he continue this job if he sees a therapist because of it? I'd also rather take a lower paying job if it means they pay for my expenses. Why? Because you still come out even AND you no longer have the burden of paying for anything. Dumb, dumb, and more dumb here. I also think that his unwilling to give up his "luxuries" just shows his real side of not wanting to get ahead. Honestly, one must give up more than what is comfortable if one is to get ahead. Why on earth would he continue this job if he sees a therapist because of it? I’d also rather take a lower paying job if it means they pay for my expenses. Why? Because you still come out even AND you no longer have the burden of paying for anything. Dumb, dumb, and more dumb here. I also think that his unwilling to give up his “luxuries” just shows his real side of not wanting to get ahead. Honestly, one must give up more than what is comfortable if one is to get ahead.

]]> By: krayziebone33 http://www.pfadvice.com/2008/02/25/is-your-career-hurting-your-earning-potential/#comment-254300 krayziebone33 Tue, 26 Feb 2008 01:00:17 +0000 http://www.savingadvice.com/blog/2008/02/25/102039_is-your-career-hurting-your-earning-potential.html#comment-254300 The only thing that I have to say might appear to be a bit harsh, but how can he say he enjoys his job so much if he has to see a therapist to help him get by? That's a bit nitpicky, I know, but I had to ask the question. If he had another job, then maybe he would not need to see a therapist and that would be one cost that he could erase. The only thing that I have to say might appear to be a bit harsh, but how can he say he enjoys his job so much if he has to see a therapist to help him get by? That’s a bit nitpicky, I know, but I had to ask the question. If he had another job, then maybe he would not need to see a therapist and that would be one cost that he could erase.

]]> By: Ceejay74 http://www.pfadvice.com/2008/02/25/is-your-career-hurting-your-earning-potential/#comment-254259 Ceejay74 Mon, 25 Feb 2008 23:14:51 +0000 http://www.savingadvice.com/blog/2008/02/25/102039_is-your-career-hurting-your-earning-potential.html#comment-254259 He should definitely start itemizing if he's not already; otherwise he's paying taxes on money that's not really his, which is unfair. He sounds like a fairly savvy guy so hopefully his tax preparer has already gotten this through to him. I agree: If he'll clear almost as much at a lower-paying job that pays his expenses, it's worth it. Stress is a really serious liability when you consider he's not getting that much more out of this job than he would a lower-stress job. He should definitely start itemizing if he’s not already; otherwise he’s paying taxes on money that’s not really his, which is unfair. He sounds like a fairly savvy guy so hopefully his tax preparer has already gotten this through to him.

I agree: If he’ll clear almost as much at a lower-paying job that pays his expenses, it’s worth it. Stress is a really serious liability when you consider he’s not getting that much more out of this job than he would a lower-stress job.

]]> By: Aryn http://www.pfadvice.com/2008/02/25/is-your-career-hurting-your-earning-potential/#comment-254236 Aryn Mon, 25 Feb 2008 22:01:32 +0000 http://www.savingadvice.com/blog/2008/02/25/102039_is-your-career-hurting-your-earning-potential.html#comment-254236 I hope he at least saves all those business expenses so he can deduct them from his taxes at the end of the year (assuming he itemizes). Frankly, I think he should consider an entirely new industry. With his people-skills, he could probably transition to something that would allow him to live the way he wants to live and give him the time to enjoy it. Is the high salary worth dying sooner due to stress? I hope he at least saves all those business expenses so he can deduct them from his taxes at the end of the year (assuming he itemizes).

Frankly, I think he should consider an entirely new industry. With his people-skills, he could probably transition to something that would allow him to live the way he wants to live and give him the time to enjoy it. Is the high salary worth dying sooner due to stress?

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