I grew up in a traditional family where Mum is a nurse and Dad was a teacher. Both went to university, got a stable job and had regular and consistent pay cheques coming in.
They did an incredible job to raising four kids. A brilliant home to grow up in, a top-notch education and the odd packet of footy cards here and there. I never questioned that a paycheque was my future way of life.
And that worked for the first ten years of my career. Until I got itchy.
I still remember the day I told Dad that I was quitting my stable job and going freelance. Oh, and I had two kids under five at the time. It did not make sense to him and I think he lost more sleep than I did over the decision.
This week on Add To Cart I interviewed Nati Harpaz, founder of TradeSquare and ex-MD of Catch. His message was to stop thinking about salary and start building something that can change your life.
“How do you get out of the rat race? You join a startup, a new company or a company that’s going to reward you for the outcome. Don’t worry about making $250,000 or $270,000 or $280,000. And don’t waste my time talking about $30,000.”
Nati argues that at some point in your career, you earn enough and pay rises from there are a bit lazy. You’re better off sacrificing short term paycheques for longer-term equity in something bigger. Essentially, get onboard a rocketship and work your butt off for something you have skin in. Employers usually like this option for the right people as well.
And with huge growth and investment in eCommerce, it could well be your time. There’s plenty of Australian rocketships reaching dizzying heights. There’s also plenty that is fizzing and fading in the background.
Two very different perspectives. Both have merit and will appeal to different people. But whichever path you go down, make sure it’s a conscious choice.
How much salary is enough?
If you are busting your butt, do you want a piece of it?
When, if ever, is the right time to transition away from salary for you?
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