"I have taken big cuts in salary three or four times in my career. I’m talking 10-20 thousand dollars a year." - HOW can you do that? How does one justify that kind of long-term damage to ever being in a position that you don't have to work?
I understand the idea of it; to move into a technology or business with more room for growth, but if you don't have the time in your career to benefit from that growth, how can you do it?
If you're in your late 40's, early 50's, with a mortgage and/or children, or that point where you can choose not to have to work anymore is dangerously close. One badly-timed layoff, one forced pay cut and you're stuck.
Especially if you're in that age range; the last generation that ever had some hope for long-term employment with an employer, the generation that saw pension plans converted to 401Ks and didn't understand just how much you personally needed to take over funding your retirement yourself. You're dangerously close to having one badly timed layoff or large pay cut snatch the choice of not having to work away from you.
I understand the idea of it; to move into a technology or business with more room for growth, but if you don't have the time in your career to benefit from that growth, how can you do it?
If you're in your late 40's, early 50's, with a mortgage and/or children, or that point where you can choose not to have to work anymore is dangerously close. One badly-timed layoff, one forced pay cut and you're stuck.
Especially if you're in that age range; the last generation that ever had some hope for long-term employment with an employer, the generation that saw pension plans converted to 401Ks and didn't understand just how much you personally needed to take over funding your retirement yourself. You're dangerously close to having one badly timed layoff or large pay cut snatch the choice of not having to work away from you.