Q&A: What are Some Professional Benefits of Living Below Your Means?

You don’t have to stay at a job you hate.

When you succumb to the “lifestyle creep” of spending as much money as you’re making, you’ve trapped yourself into that level of income. But what if you’re not happy at your job? What if you want to make a change, maybe even a drastic one?

Q&A: What are Some Professional Benefits of Living Below Your Means? #MichaelsWilder #ask #askmeanything #askmikespeer Click To Tweet

You can’t switch careers because you’ll likely need to take a pay cut and work your way back up the ladder as you learn the ropes. That means you’re stuck looking for work within your current career field, that isn’t too risky, and that will allow you to maintain your standard of living.

In some ways, wealth is a trap, at least when you get to dependent on it. It forces you to be less mobile. You’re not able to take on opportunities that may pay off in the long run because you can only live in the short term.

Living below your means, building up a safety net, and realizing that there are more important things than what car you drive and how big your house is are keys to creating a life where you can be happy both at and outside of work.

Mike Speer Administrator
Chief Marketing Officer Michaels WIlder

Opinions are my own and not the views of my employer.

Chief Marketing Officer at Michaels Wilder and an entrepreneur since before the average person knew what that even meant, Mike has helped countless businesses build effective sales and marketing strategies. His philosophy is, “If you’re not thinking 10 years ahead, you’re already behind.” Mike’s content has appeared in Forbes Magazine, Inc. and Apple News. He has also been featured numerous times as a “Top 10 Writer” worldwide on the Q&A content site, Quora.

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Mike Speer Administrator
Chief Marketing Officer Michaels WIlder

Opinions are my own and not the views of my employer.

Chief Marketing Officer at Michaels Wilder and an entrepreneur since before the average person knew what that even meant, Mike has helped countless businesses build effective sales and marketing strategies. His philosophy is, “If you’re not thinking 10 years ahead, you’re already behind.” Mike’s content has appeared in Forbes Magazine, Inc. and Apple News. He has also been featured numerous times as a “Top 10 Writer” worldwide on the Q&A content site, Quora.

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