The 5 Biggest Mistakes Tech Professionals Make in Financial Planning | Mistake #3

I like dealing with people in the IT industry. As a Microsoft employee, I was impressed by the creative and brilliant brains of those working in the IT industry, big and small. It’s also rewarding to work with tech workers since I get to assist them to navigate the variety of perks that are typically exclusive to tech organisations. When it comes to employee benefits options, it is like selecting from the menu of a Michelin three-star restaurant.

I’ve learned a lot about financial planning blunders that IT workers make, both as a former tech employee and now as an adviser who helps other tech professionals to financial freedom and success.

Third Error: Getting Exhausted

In the United States, vacation time use has decreased significantly over the last several decades. Nearly three weeks of vacation a year was the norm for the ordinary American twenty years ago. Americans take an average of 16 vacation days each year, which is almost a full week fewer than they did in 2015. This 20-year period of technological advancement can lead you to believe that we’ll be more productive and so be able to take more time off. Is it any wonder that we are more reluctant to disengage from our job and give ourselves permission to unplug as a result of higher productivity?

You’ll feel better both physically and mentally if you take more time off from work. A study has indicated that people who use their vacation time more often are better positioned for promotion than those who don’t use it at all. As a result of making efforts to avoid burnout, your career will not only be longer and more sustainable, but your title and salary will rise as well. If that isn’t enough to convince you to take a vacation, I don’t know what is. To us, living fully means taking time off to embark on a life-changing journey, but for you, it can mean a more modest objective of making work no longer a necessity. We’re here to assist you in achieving your objectives, no matter what they may be.

Be sure to check out our prior and forthcoming blog pieces for more tech-related blunders to avoid.

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