It is very easy to fall into the vortex of doing “any job”. For some people it works fine, they are happy with that. For others, that often leads to feeling stuck in a job. If this is your case, the worst you can do is to accept it and get used to it. In this post we will discuss also why you should quit your job and invest in yourself.
I did it too, I quit my job to invest in myself and escape from the hospitality industry because I felt stuck in it. However, in this post I’m not going to refer to a particular industry, but that “any job” instead. Those ones that make you feel undervalued, underpaid and often have no progression routes.
It is completely ok to have such experiences, I believe you can learn a lot from that and also meet very nice people. The problem is when you start thinking about the future. Can that job really give you career satisfaction? Can it guarantee you a high salary? If you have to work hard anyway, then isn’t better to do it for a job that can answer “yes” to those two questions?
Being stuck in a job is risky like investing
Now let’s discuss why you should “invest” in yourself. Have you ever come across this proverb: “don’t put all your eggs in one basket”? This is widely used in the financial world, encouraging investors to diversify their investment portfolio. This is done to split the risks of loss across different industries. This concept can be applied for a worker feeling stuck in a job, let me show you why.
Let’s think that your CV is your investment portfolio, and your skills represent your stocks, bonds and so on. What happens when un unpredictable event crashes the industry you are working in? If your investment portfolio (CV) is heavily composed of a specific job skills, you will struggle.
Unfortunately this is happening in real life and many people are currently in this situation. Your portfolio plummets, your skills lose value. Why? Because there is no demand for them (companies in your industry are not hiring). Moreover, the supply is enormous because everyone is trying to sell the same skills (people looking for other jobs).
The other industries willing to accept those skills are not enough to accommodate everybody. The competition becomes too fierce due to the oversupply. Do you see now why real financial and investment concepts can be applied to investing in yourself and your CV?
Why you should (quit your job?) invest in yourself
Now I want you to think who are the people who will suffer the most. Let me give you a hint, the less skilled ones. By the way this does not mean the less hard-working! It is often the opposite, very hard working people doing “any job” who are going to struggle.
Whether you decide to go for a university degree or a professional qualification, you are going to become a highly skilled worker. I have discussed the major pros and cons of these two study paths in another article, you can find it here if interested: “University Degree or Professional Qualification? Adult dilemma”.
But let’s go back to talking with a financial and business terminology. When you invest in your CV and add high level skills, your “portfolio” is more robust than the average investor. You have what in business is called “resource based competitive advantage”.
Firstly, with those qualifications you are a valuable asset, the ones that companies are not willing to lose. Therefore, they will offer you higher salaries, bonuses, companies benefits and so on to keep you there. Moreover, other companies in the market will always be looking for such assets (you), which gives you a strong leverage for negotiating your conditions.
If that was not enough, other industries will be more likely to welcome you. This is because your skills portfolio is much more appealing; you have the so called “transferrable skills”, therefore you have a competitive advantage on other people also in different industries.
There are four books that I would really recommend reading. They were key in changing my mindset and overcoming the obstacles I faced when I decided to change my life. You can find out more in the image above if that interests you.
What I mean by “quit” your job
Quitting your current job might sound scary, and in some cases is unnecessary. I left mine in hospitality because it was too hard to combine such life with full time study. My manager would not allow me to work part-time, so I gave my notice straight away. In case you are new to this blog, my investment was a university degree in International Business & Finance.
Not that I did not work while being a student, I joined an events agency. It was perfect because I could pick the shifts I needed when I did not have to attend lectures. I was also able to increase or decrease my working hours according to exam periods or university breaks.
Many people, hopefully you too, can easily switch from full-time to part-time in their current jobs without needing to quit. Remember that smart people want you to succeed! So if anybody tries to impede your success, I would not consider them friends nor colleagues/managers.
Slightly different story if you are capable to work and study both full-time, hats off to you. I tried at the beginning but I could not manage it. Similarly, if you decide to study online you would have less “life disruption” to deal with. I wrote an article about online degrees that might be of help, you can find it here: “Is an online Degree worth it in the UK?”.
What is real message behind “quit” your job
Obviously, I’m not saying you should go now and quit your job, neither you should jump on the first qualification you find. These types of decisions need you to think thoroughly about what you really want. However, if you are reading this I assume your research has started already.
The real message here is not about quitting your job, but about prioritising education! Let me express this concept in a better way, because it’s really important. One the biggest mistake people make when trying to change their lives and careers, is to set they wrong priorities.
What they usually do is to think about their job first, and then they try to fit education around that. Wrong in my opinion. Time goes by fast, and meanwhile you keep delaying things or setting the wrong priorities, the world moves on and so your “competitors”.
It’s the mindset that you have to change. You put your goal at the top of the list. Think about what you need to achieve what you really want: that is your priority. Set education first, and then schedule any job around that, not the other way around!
In this article I wanted to show how easy it is to apply financial and business concepts to an individual level. Investing in your skills and CV is in my opinion the best method to change your life and get more a rewarding career. Obviously, what I have discussed above is solely based on my experience and opinions.
So please do not base your decision on this article. However, I hope this reading can stimulate your hunger of knowledge! I will leave you with the initial financial concept, but I revised it for the finale: DON’T PUT ALL YOUR SKILLS IN ONE BASKET. If you are thinking about quitting your job because you are not happy with it, then you need to have a plan.
“An investment in knowledge pays the best interest” – Benjamin Franklin