I think you either have a career which you can invest in to make a lot of $$$, in which case it makes sense to go all in and do it.
Or if not, you can either make money on the side or switch jobs.
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I agree with your point. Would add that whichever of those routes you take and regardless of how successful you are at following that path, with FIRE as an objective, being restructured/terminated/etc. once (or twice) during your career can represent a meaningful boost to reaching your targets.
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I had the same experience. Perhaps with the exception of US employers, staying in the same job is not as well paying as switching and so changing jobs regularly is a good way to boost your income.
However, we get way too comfortable staying in our jobs. Each job move I had improved my pay and I should have made more jumps. I didn’t take the last job offer I had (which would have about doubled my salary) as I decided to coast on comfortable easy path instead - and that didn’t work out as expected anyway…
I’d say you should switch at least once every 5 years and potentially every 3.
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Used to be like that but it’s a few years that in certain sectors wage are compressed because of firings and even staying at thd same salary when changing is very difficult
I probably phrased that badly. I mean in the European countries I’ve worked in, staying in the same company tended to give fairly mediocre pay rises. Whereas in the US, I’ve witnessed that you can get good pay rises even within the same company. Of course, jumping between companies might still increase that further.
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