3 Reasons You Should (Consider) Quitting Your Job

^{Read time - 3 minutes / Disclaimer}

Today let's review 3 reasons you should consider quitting your job.

Leaving one employer for another could mean:

• Higher pay.

• Better benefits.

• More opportunities.

Unfortunately, sticking around is the easier way to go.

Change Is Uncomfortable

Many people keep a job long term because:

• It's familiar.

• It's comfortable.

• It's the easier thing to do.

Yet, plenty of opportunities are out there ripe for the picking.

Making more money each year is the goal with employment.

But sometimes you hit a wall and need to pivot.

Here's three reasons it may be time to re-think your options:

1. Your Income Is Stuck

Since 2020, it's 21%+ more expensive to live.

According to the government, something that cost $1.00 in 2020 now costs $1.21

That means you need to make 21% more than you made in 2020.

If not, the cost of things may be increasing faster than your pay.

If you got a few raises, it may look something like this.

Example:

2020: A 2% raise

2021: A 5% raise

2022: A 8% raise

2023: A 6% raise

Everyone loves getting a raise.

But the thing is...

If your raises look like that, your income isn't increasing.

It's just keeping up with inflation.

If that's the case, it may be time to dust off the resume.

Most annual raises just keep pace with inflation.

2. You're Not Getting Promoted

Aiming for a promotion can be exciting and fruitful.

You worked hard.

You put in the time.

You expect to be rewarded.

But when a promotion doesn't work out more than once.

It can be frustrating and may look something like this.

Example:

2024: They hired someone outside the company.

2023: They hired a manager inside the company.

2022: They hired one of your teammates.

Sometimes not getting promoted is due to a personality conflict.

Other times it's business politics.

Either way, exploring new job opportunities may lead to the promotion you've been seeking.

Not feeling rewarded may be a sign it's time to look elsewhere.

3. Your Options Are Limited

Working for a smaller company has its perks.

It may feel more relaxed.

It may feel less corporate.

But there may be no room to grow and learn new things.

New jobs may not open up very often which could mean you're stuck doing the same thing for many years.

Looking elsewhere may land you a 10%, 15%, or 20% raise.

Limited job options mean limited ways to grow your income.

Conclusion

Leaving a job can be scary.

It's a decision that requires a lot of thought.

But there's no harm in comparing your options.

Worst case, you stay put.

Best case, you get a 20%+ raise.

So why not check it out.

Not sure where to begin?

Try this:

Make More Money Job Hopping​ 

That's all for today.

See you next week.