First Job, a step forward ?
As some of my readers know, I had been trying to find a job ever since I graduated from university. I did manage to get employed recently in August, although not in the industry where I envisioned myself working. Nonetheless, I’m very thankful for the job and quite enjoy the work scope so far. The salary is pretty standard as well, with a gross of >$3,300. I guess this post will be a simple sharing of some observations of my first few months holding a full-time job.
There is no end in sight
When you are on an internship, you know at the back of your mind that you will only be there for a short period of time. So no matter how annoying your boss is or how much you hate your work/colleagues, you know this is temporary. Just suck it up and it would be over in a few months. When you hold a full-time job, things are not so simple. You have to manage workplace politics carefully and the only end in sight is when you tender your resignation or get retrenched. As an intern, making mistakes is not big deal. But as a full-time staff, mistakes can lead to bad performance appraisals and getting passed over for promotion. I am still trying to come to terms with this fact and figure out my long-term plans.
Fear of stagnation
One thing I realised a few weeks into work was that what I learnt in school was not applicable to my work at all. To be honest, I didn’t want to pursue what I majored in university. Hence the skills I will gain from this job are mainly soft skills. I do feel slightly concerned moving forward. Can I advance my career or increase my market value through this work experience? Is my $40,000 piece of paper wasted? I will try and be more self-directed in my learning of new skills and review this point in a year.
Money rolling in
The good thing about working full-time is that I have a definite source of income. I am also relatively safe from retrenchment until I hit 40. Hopefully by then I would have built a mini wealth machine of some sort and will be self-employed or semi retired. In order to restrict my expenses and be prudent in how I spend my income, 50% of my take home salary will go towards paying down my student loan. This also means that I have to find an alternative sources of income in order to have enough for things like weddings and housing. Teaching private tuition during the weekends seems like a good idea and I would definitely be exploring this option.
Wealth Accumulation Phase
The wealth accumulation phase is definitely one of the most difficult stages of financial freedom. This is especially so with huge expenses coming my way such as buying a house and wedding expenses. I will be trying to shorten this process by increasing my market value and exploring alternative income sources. Please comment below if you have some advice for a budding new corporate slave hahaha!