Thursday, March 25, 2010
extract fr
Double ur income every 10 yrs
Career strategies:
- Change employer every 6 years or so if it means a substantial pay increase
- Change industry within the same functional role
- Achieve managerial roles and career development opportunities with the same employer
- Go into self-employment successfully
- Change profession through academic study and training
If you are a young graduate or diploma holder between the age of 25 and 35, set a goal of 'double your income every 10 yrs'. To achieve this goal, the time-honoured heuristic Rule of 72 predicts that your target average annual pay hike should be about 7% (72 divided by 10 yrs).
If you are between 25 and 45 yrs, you should take on board the mantra 'double your income every 10 yrs'. See where your skills, aptitude and interest lead you so that you can stay on top of your game and enjoy the journey.
Invest in yourself. Reap the rewards and pay yourself first.
& 10:18 pm
