Getting taste of money early in life shapes career very differently. Opinion?
Depends person to person and how much money really.
In my case, when I used to earn meagre decent(say top 10% of country salary), I used to save a lot, never spend anywhere unless absolutely needed etc. But, once I started earning top 2-4% and living in Bangalore within 1.6yrs of my career, I became too engrossed in chasing money and spending on luxury. For me, I believe, too much money especially when I didn't think I deserved it, made me into someone who didn't focus on his skills and became complacent.
I am trying to fix that now
My learning - Never focus on money initially, always upskill, always earn what you are worth and work towards increasing your worth!
At the same time, know your roots, be grounded and work on building effective relationships(realised that this is what makes me truly happy)
BiryaniEnthu
Stealth
3 months ago
You have summed up it so well!
StanleyHudson
Stealth
3 months ago
@jake_peralta_B99 I really like how you laid emphasis on relationships as well (even platonic) as they are more important in the long run imo. Money will make you worthy but one can still feel empty if isolated.
You need PEOPLE. I have learnt this the hard way. Be it friends to have bakchodi with, or a loyal girlfriend to share emotions with, or contacts which help you when in trouble (Neta /MLA contacts lol), every human connection matters !!!
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Joydeath
Stealth
3 months ago
Getting good money right outta college does indeed affect your career. As @jake_peralta_B99 said, money often gets you complacent. Early on it could be detrimental since it kills off exploration bug and you get satisfied with the comfort. Later if things go awry you wouldn't be willing to work hard for lesser pay
Can you expand on your point? Not able to understand if you wanna portray it in a good way or bad way? And where exactly is that coming from..
BiryaniEnthu
Stealth
3 months ago
Good and bad, can be varied.
Early money can get you to enjoy a lot of things while you have the prime of health, it can make you arrogant and take wrong financial decisions
Robinhood17
Stealth
3 months ago
Partially agree with Jake Peralta.
I've had a slightly different journey when it comes to earning money early in my career. Initially, I didn't earn a lot and had to be very cautious with my spending. This cautiousness taught me the value of money and the importance of financial discipline. Now that I'm making a decent salary, I've found that financial stability, when paired with the right mindset to grow, can be a real game changer—not just for me, but also for those around me.
Achieving financial stability is crucial, but it’s the right mindset that truly makes a difference. When you have a stable financial base, you can focus more on personal and professional development without the constant stress of financial insecurity. This means you can invest in upskilling, attend workshops, pursue further education, and explore new career opportunities without worrying about immediate financial repercussions.
Never stop upskilling. Always work towards earning what you’re worth, and more importantly, keep increasing your worth through continuous learning and improvement. This approach not only enhances your career but also ensures long-term financial health. By continuously improving your skills and staying updated with industry trends, you remain competitive and open to better opportunities.
Staying grounded and remembering your roots is vital. It's easy to get carried away with financial success, but keeping a humble and grateful attitude helps maintain balance and perspective. Knowing where you came from and the efforts it took to reach where you are can keep you focused and motivated. It prevents complacency and ensures that you continue striving for excellence.
Building effective relationships is another key aspect. Financial stability allows you to invest time and resources in building meaningful connections, which are often more rewarding and fulfilling than any material success. These relationships can offer support, guidance, and opportunities that can further enhance your career and personal life. Networking and maintaining genuine relationships can lead to mentorship, collaboration, and even new career paths that you might not have considered otherwise.
In summary, having financial stability with a growth-oriented mindset can transform your life and positively impact those around you. It's not just about earning more but about growing as a person and professional, staying grounded, and building meaningful connections. This holistic approach ensures that financial success doesn't lead to complacency but rather fuels further growth and fulfillment.
StanleyHudson
Stealth
3 months ago
Financial Literacy is an underrated lifeskill.
It really depends on how much money we are talking about, I made some and bought myself a bmw in early 20s.
Did that change anything? I don’t think so, but if I had a few million dollars in the bank - that probably changes everything. I might just invest it all and quit my job. Now whether I would chill or try to 10x those few million is the question.
How much money did you make that allowed you to buy bmw in 20s dude? Was it fully paid off or what? Just curious and congratulations! Bravo!!
I think at all depends on the kind of person you are. When I was earning peanuts and now when I’m doing a decent in Bangalore, my work ethic and tingle to explore and experiment with new things is the same. And it’ll remain the same when I go much higher. The only better part would be a better quality of life and time saved in finding a cheaper alternatives to save money…
corporate_pawn
Stealth
3 months ago
It does make one's life easy especially if you're from the lower middle class.
But that slow pace movement makes you understand the importance of money!
True, once you are worry free about money, you can take high risk high rewards job
BiryaniEnthu
Stealth
3 months ago
It is good to have a high start, it compounds thereafter. To enjoy money while you have prime health is ultimate goal.
But yea, a lot of people may get into the circle of arrogance and show off. Character building with money is rare but gem
What age group do you consider as a start? I am very sure it’s just not starting from the first month of starting their career
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