Starting a business instead is risky, while even small passive income streams can take years to establish.
You only live once, so for most people the answer must be to find a better job. But what do we mean by better?
- A decent salary is important, but beyond a certain point a higher salary does not increase happiness.
- Jobs that give you a lot of time management freedom are great – but here we’re trying to define a job that you don’t want to avoid at all costs.
- Many doctors, vets, architects and other professionals have off-the-shelf satisfying careers. Is it too late if we’ve already become office wage-slaves?
What’s it all about, Alfie?
Interestingly, we’re not the only ones asking these questions.
In the wake of the credit crisis, Governments are exploring how the bonus culture in banking led to wanton risk-taking and the abandonment of any sense of fiduciary duty. Obviously they’d rather it didn’t happen again.
Early findings back-up other research into the limits of using money as a reward in the workplace, as summed up in this fantastic video:
There aren’t any easy answers to these questions.
For a start, motivation at work is something you want to harness for yourself and your own plans, not a carrot that helps your employer keep the workforce in line on the cheap. Yet in the bigger scheme of things, selfishness is perhaps part of the problem, too.
I discovered the video via Financial Samurai, who muses that:
Purpose is something that can either be questioned before you start your journey or after. You can be a high school or college student who has no freaking idea what you’re supposed to do in life. Or, you can be a 20 year veteran in the workforce who has built a great resume, as well as financial security, but realize you’re middle-aged now and wonder if there’s more to life since you’ve already conquered insecurity, be it financial or otherwise.