Starting this summer, my department will officially gain our first two Generation Z coworkers. I think it will finally become passe to rip on Generation Y since we'll have a new target. However, I'm not going to be the person who throws the first generational punch on Gen Z. I think that they're a force to be reckoned with. They are more self-assured, more technologically savvy, and more likely to want to win than Gen Y.
As the first wave of Gen Z employees enter the knowledge workforce, Gen Y needs to do a little self-reflection, and we need to stop believing lies about ourselves before Gen Z tramples all over us.
Last week, C from The Single Dollar asked an important question. She wondered why I would quit my lucrative and enjoyable job rather than just throw money at the lack of margin in my life. Basically, why don't I practice Rich DIK privilege (Dual Income with Kids)?
I think this is an excellent question, mainly because if I don't quit my job that's exactly what we will do.
Rob and I recently had an unexpected conversation. Rob told me that he hoped that he would be able to outearn me after he graduated. Of course, he didn't mean future me where I'm not working full time. He meant present me, at my peak income.
He actually asked if I would be dissapointed if he didn't earn at least as much as I'm earning now.
Rob isn't like me, he doesn't just blurt out whatever thought comes into his head, so the fact that he brought this conversation up means that he's been thinking about it for a long time. My guess is since July when I received a promotion, though I can't be sure.
Anyways, my short answer was no, but my long answer is, "Am I really so shallow that my own husband worries about how much he will earn?" And after I thought about it, I decided that my super long answer is a nuanced yes.
Let me explain.
Last month, I forgot to pay the electric bill. As a result of paying late, we got a Nastygram from Duke Energy Progress, and I had to pay $.87 in interest. I also pulled my credit report because I was worried that the negative information made it to my report (it had not, yet).
Lesson learned (I hope).
However, I was grateful for the opportunity to pay less than $1 in interest. If I would have paid my water bill late, I would have owed a $5 late fee. And, I'm really grateful that Duke gave me the chance to pay them back before interrupting our service.
Despite my gratitude, I am more grateful to be in a position where I usually don't pay interest. More so, I'm grateful that I've learned that rejecting debt simplifies life.
I'm a wife, a mom, an employee, and a personal finance nerd who is devoted to spreadsheeting my way through life.