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Afford Anything | Make Smart Money Choices

The Unspoken Rules that Could Cost You Thousands, with Gorick Ng

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 28 April 2021

⏱️ 84 minutes

🧾️ Download transcript

Summary

#313: Do you know the unspoken rules about how to get ahead in your workplace or industry (and as a result, how to earn more)? Unspoken rules, and the corresponding social norms, create a major impact in how we’re perceived in the workplace -- and therefore how often we’re promoted. But these rules are rarely taught. Managers expect us to understand these implicit rules, but they never explain them to us. How are we supposed to succeed? Gorick Ng, a career advisor at Harvard who specializes in working with first-generation, low-income students, shares his wisdom on navigating the workforce at all stages of your career. His advice can help you make more money, get promoted, and accelerate your ability to save and invest. For more information, visit the show notes at https://affordanything.com/episode313 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything, you just can't afford everything.

0:12.4

Every choice comes with a trade-off and that applies not just to your money, but to your

0:16.2

time, your focus, your energy, your attention.

0:19.8

Saying yes to something implicitly means saying no to all other alternatives.

0:26.0

And that opens up two questions.

0:28.2

First, what matters most?

0:30.4

Second, how do you align your decision-making on a daily, weekly, monthly annual basis to

0:37.1

reflect that which matters most?

0:40.8

Answering those two questions is a lifetime practice.

0:44.7

And that is what this podcast is here to explore.

0:47.6

My name is Paula Pan.

0:48.6

I am the host of the Afford Anything podcast.

0:51.2

And today we're going to focus on the aspect of building wealth and of deriving meaning

0:56.4

that does not get discussed enough on personal finance shows, which is your career.

1:02.6

For as much as we love to talk about investments, and that's certainly one of my favorite topics,

1:08.2

the reality is that the work that you do is going to be one of the biggest determinants

1:14.4

of the wealth that you build, the net worth that you accumulate, and also the meaning and

1:19.6

satisfaction that you derive in your life.

1:22.5

It will not be the sole source of meaning and satisfaction, of course, but if you are

1:27.6

lucky, you may find that it is a major contributor.

1:31.6

The issue, however, is that in order to succeed at work, there are unspoken rules about how

1:37.2

to get ahead.

...

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