About a year ago I posted asking about how to finalize my financial plan. I received a lot of interesting feedback, but the one that stuck in my mind was from /u/mormengil
Right now, your energy and creativity would pay off a lot more if it was focused on building your career and your income, rather than optimising your investments.
I took this to heart and spent the last year pouring myself into work. I found myself in one situation after another that gave me opportunities to perform and show my worth. In January I got put on a huge project that gave me responsibilities way above my pay grade.
I've been constantly the youngest and least experienced person in the room for meetings on this project. With this advice rattling in my head, I leaned on my peers and used the opportunity to grow and learn as a scientist - both personally and for my company. A year ago I was relatively new, constantly asking questions. Now I'm seen as a resource around the office - a co-worker forwarded me a question about something I wasn't working on because "you know everything."
The other day this all paid off: I got a promotion and a 16% raise.
Thinking about this as an investment, this is about in line with what $SPY has done in this time period. But that's not the true benefit. I'm one rung higher on the ladder and, more importantly, I've gained invaluable knowledge, respect, and connections that will continue to serve me positively as I move forward in my career.
IRAs and 401ks are obviously important, but don't forget your most important asset: yourself. Invest there, and it'll pay off.
Submitted September 16, 2018 at 07:27PM by sheeeeeeeeeets https://ift.tt/2NOPLj5
