[USER]

I’d like to ask obviously career/financial savvy individuals for their thoughts on an employment change.
I have been offered a new position.

It is sales related so it has virtually unlimited income potential (and also unlimited working hours to reach earn it).

However, the base pay is only about 2/3 of what I currently make.

I’d have to sell $500,000 worth of product annually to reach where I am now, let alone earn more.

These are not huge number products.

It also comes with ‘0’ 401k match when I currently have a 5% 401k match. I lose my set schedule and will be required to travel whereas I am now is a 5 mile commute one way.

(I should get a newer more reliable car) In addition, I have to vacate a board of directors agency position I just volunteered for and was elected to last month because the new company is non-participating.

I know these are a lot of cons. However, I really want to move on from what I am doing now and this position stands to put me in front of many, many great and important people in my industry and allow for growth I don’t have now.

I don’t want to pass this up so easily on the financial aspects without weighing the significance of the positions reach but I am in my own head about it.

Anything anyone can offer? Maybe you have had a similar scenario? What did you do?

[Karen]

Are you in Sales now? If not do you think you would enjoy it? There are people who thrive in that field, but it’s not for everyone.

[Karl]

In terms of FI…
I’d think this one is about risk/reward in reaching that objective.
With FI as the goal, what is your timeline to your FI number in your current role.

Weigh the assuredness of that against the uncertainty with the change.

For example, if you could reach FI in 5 years in your current role, is it worth the risk of changing gears now and missing the boat?

Once you’re independent, you can take all the risk you want to chase bets since you can afford to lose.

But there’s something be said for grinding directly toward the goal if you’ve got a good thing going.

There are a million counter arguments to that in terms of values, career growth, meaning/purpose, etc.

I’m just focusing on the “go straight for the FI goal” side

[Dustin]

What draws you to this role? The money from higher sales?

[Adam]

How many people in their company achieve $500,000 in sales?

[Nicole]

Are you willing and able to bust your butt to get the results? Are you good at sales? Do you want work/life balance?

Do you have family commitments?

Do you have safety net savings and a Plan B for if this doesn’t work out?

[Author]

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