Wednesday, March 27, 2013

Personal Finance - Average Salary


With all of the thought that people put into choosing the right job, too few of them actually do the research to back it up. A lot of people, for example, rate average yearly income as one of the primary motivating factors for the job field that they got into. The bottom line is that people want to make money, so average salary is important in determining what job they should get. In spite of all this, however, many of these same folks never bother to look up good statistics on average salaries. They trust any source that they find, even relying on the recommendations of friends or family member with no experience in the field.

I have always believed that there is never such a thing as too much information. The more information that you have, after all, the better job you can do in evaluating your situation and making the right decision. Average salaries are only one of the many factors that go into job happiness, but they are an important part. Let's face it: no matter how happy you are with your job duties, if you are not able to make any money, you just will not enjoy the job. It is as simple as that. No one wants to go to one of the best universities, get good grades, spend hours and hours working on improving themselves, only to make little to no money
Still, it is easy to fall into the trap of looking at average salary and nothing else.

 You have to keep one thing in mind when you are calculating average yearly income: net income is dependent on you being able to do the job right. If you are unmotivated in your current profession, it doesn't matter how lucrative it is. No matter what, you will not be able to do a very good job at it. You will either burn out quickly, get fired, or burn out slowly. Either way, you will lose time and money and never live up to your dreams. This is why it is so important to choose a job that you like, and not just one with a high average salary. The bottom line is that average salary is only one of many complicated factors that go into finding the right job for you. The perks and benefits of a career, the schedule and workload, and whether the skills and interests used match your own, can help you  to decide on the right career.


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