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Reddit mentions of BrainChains: Discover your brain, to unleash its full potential in a hyperconnected, multitasking world

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Reddit mentions: 1

We found 1 Reddit mentions of BrainChains: Discover your brain, to unleash its full potential in a hyperconnected, multitasking world. Here are the top ones.

BrainChains: Discover your brain, to unleash its full potential in a hyperconnected, multitasking world
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Found 1 comment on BrainChains: Discover your brain, to unleash its full potential in a hyperconnected, multitasking world:

u/Los_Gatos_Hills ยท 17 pointsr/fatFIRE

Two more thoughts:

a. Leverage

b. Work hours

Leverage:

I am going to submit that the single largest lever you have on your financial wealth is the ability to negotiate, and the first principle of negotiation is understanding your leverage. I missed on first reading that you think that you can use this outside job opportunity to leverage your current job salary.

On the path to FATfire, I think this is incredibly important.

If I were you, my first principle would be to run the play of using this to get your salary up at your current job. This is a "must learn" experience. However, the second key of negotiation is always be willing to take the alternative path. From your posting, the alternative isn't all that bad.

If you want to understand how you get a raise in salary without burning bridges, you can PM me. However, the simple principle is:

a. You find an internal coach and "confess" the higher offer. This is not always your manager, but ideally it should be.

b. Say that you really don't want to go, but you don't see how you can turn down the offer.

c. Indicate that the new place is "really more expensive" because I don't think that if you set exceptions to double your salary will be acceptable. (Although I have personally had my salary doubled in this type situation.)

By the way, people have always sought me out as a career coach, and I have a couple of people I am mentoring now. The success rate on this is about 80%, and in today's environment, it never burns a bridge unless you have a psychotic boss or there is a strict policy on not countering, which is very rare, and you seem to indicate you might see a counter. (And you get one of these every 5 years. If you do this twice in quick succession, you'll be shown the door.)

If they don't counter, and you sound reasonable, you probably need to move. They don't appreciate you.

I consider salary negotiation a critical life skill, and I think you have to exercise this option. But again, this is your life choice, and I'm just brainstorming.

Next subject: Let's talk about hours:

  1. All moguls work 70 to 100 hours.
  2. Therefore I need to work 70 to 100 hours.

    If you read the literature, you will find out that most people simply are not efficient at 70 hours per week. A nice survey of the research be understood by reading this book, although it is a bit dated. The issue is that these mogul are genetically wired to work these high hours. [Often they have high degrees of conscientiousness, extraversion, and often neuroticism as measured on the big five personality test.]
    (https://en.wikipedia.org/wiki/Big_Five_personality_traits)

    I think the literature overwhelming argues these are hardwired, so you are or you aren't this way. Then again, I am a Steven Pinker fan.

    We see this often with engineers on a big push to finish a project, and we push the general population beyond 55 hours per week (the limit for what I think is reasonable for this class of individuals), and they start to create more bugs than forward progress. The solution was more hours, but we actually go backwards. Mind you, I want to continue to state that their are some individual that strive on high hours. Normally, you never ask them to work that much. They can't help it.

    The problem is that some companies and cultures make 70 hours a week a "requirement." The financial industry, residency at hospitals, and Japan come to mind. I am familiar with two of these three (hospitals/Japan), and I believe I can make a convincing argument for why their high work culture creates as many problems as it solves, but this goes beyond a post in a forum.

    So what happens when a "standard" person gets thrown into a high hour environment?

    a. They play the game. They stay at work for 70 hours, but they take a lot of meetings, goof off when nobody's looking, and suck up to the boss to play the political game. 80-90% percent of companies, this happens.

    b. They push to 70 hours in real work and try to get real work done, and get burnt to a crisp. A lot of people basically say "I hate my job, I'm getting out." You basically redline your car's engine, and screw up the engine block.

    Again, these are personal opinions from somebody in their late 50s that can FATfire with $7-8M, and there are folks that are better off than me here.

    However, most of these principles really came from my Dad, who FATfired with about $7-8m (today's dollars) at 62. (My wealth is separate from his, so my actual number is closer to $12M--but a big chunk is not liquid). We both went up corporate America, assign a massive amount of our good fortune to God's providence, but we also believe that there are some principles that everybody can apply.