4) Money is not happiness. A common question during my Twitter Q&A, asked at least once a week, is “Should I take the job I like or should I take the job that pays more money”.
Leaving aside the question of “Should I take a job at all,” let’s talk about money for a second. First, the science: studies show that an increase in salary only offers marginal to zero increase in “happiness” above a certain level. Why is this? Because the basic fact: people spend what they make. If your salary increases $5,000 you spend an extra $2,000 on features for your car, you have an affair, you buy a new computer, a better couch, a bigger TV, and then you ask, “Where did all the money go?” Even though you needed none of the above, now you need one more thing: another increase in your salary, so back to the corporate casino for one more try at the salary roulette wheel. I have never once seen anyone save the increase in their salary.
In other words, don’t stay at the job for safe salary increases over time. That will never get you where you want – freedom from financial worry. Only free time, imagination, creativity, and an ability to disappear will help you deliver value that nobody ever delivered before in the history of mankind.