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Optimal Finance Daily - Financial Independence and Money Advice

3049: Changing Jobs for More Money - Is it Worth It by Philip Taylor of PT Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 22 February 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3049: Changing jobs for a higher salary can be tempting, but Philip Taylor argues that money alone shouldn’t be the deciding factor. Job satisfaction, stability, and lifestyle impact are key considerations, as frequent job-hopping can lead to long-term dissatisfaction. While salary surveys can help determine fair pay, sometimes staying put and building career capital offers more benefits than chasing a bigger paycheck. Read along with the original article(s) here: https://ptmoney.com/changing-jobs-for-more-money-is-it-worth-it/ Quotes to ponder: "You absolutely hate what you do; if you don’t, you’re likely to be miserable and just go about the motions because you need the money." "When you change jobs just for the money, there’s no end to it; you tend to keep job-hopping all your life, flitting like a bee from flower to flower without really gathering anything of substance." "All things being equal, you need to get the best salary that the market will pay." Episode references: PayScale Salary Survey: https://www.payscale.com/ Salary.com: https://www.salary.com/ Money.com Best Places to Live: https://money.com/best-places-to-live/ So Good They Can’t Ignore You: https://www.amazon.com/So-Good-They-Cant-Ignore/dp/1455509124 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Does it ever feel like you're a marketing professional just speaking into the void?

0:05.4

Well, with LinkedIn ads, you can know you're reaching the right decision makers.

0:09.1

You can even target them by job title, industry, company, role, seniority, skills, company revenue,

0:15.5

and do I say job title yet?

0:17.5

Get started today and see how you can avoid the void and reach the right buyers with

0:21.4

LinkedIn ads. To get 100 pounds of your first campaign, go to LinkedIn.com slash lead to claim

0:27.2

your credit. Terms and conditions apply. This is Optimal Finance Daily. Changing jobs for more money.

0:35.4

Is it worth it? By Philip Taylor of p.tmoney.com.

0:40.5

Does changing your job always equal more money? With the way the economy is, it's probably a moot question

0:47.0

anyway. Would you change jobs if it meant you're going to be earning more money? But it is a

0:52.4

question that needs to be answered, because if the

0:54.7

situation does present itself, you need to know how to act. In my book, it's not wise to change

1:00.3

jobs when it's a matter of just more money, because money comes and goes. What's more important

1:06.3

is job satisfaction and the extent to which you enjoy your job. Consider a job change if.

1:14.7

Although the economy shows a few signs of picking up jobs, especially the ones that offer the

1:20.4

combination of stability and a good pay packet are still scarce and few and far between.

1:26.5

This means that it's wise to hold on to the job that

1:29.3

you do have rather than go looking for something that pays better, unless...

1:34.3

Number one, you absolutely hate what you do.

1:38.3

The most important aspect of a job is that you love what you do. If you don't, you're likely to be miserable and just

1:45.0

go about the motions because you need the money. This in turn leads to mistakes and possible

1:50.3

termination. So if you don't love what you do, do what you love or learn to love what you do.

...

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