Give ne back my hat!

Stay on sinking ship or look for growth opportunities?

Current company CONS:
- Cut its dividend by 50%
- Has frozen travel, training, hiring
- Cut perks like free drinks
- Is planning layoffs
- One of the team members has a shit personality and disrespects others.

PROS:
- Work from home most of the time
- Not much is expected by management
- Decent compensation and benefits
- Might get a severance package if I stay long enough

It's soul-sucking but not sure there is anything better out there. At least I can WFH and avoid the awful rush hour traffic.

On the other hand, my skills will stagnate here and if I get laid off then it might give me a "stigma" as an unemployed developer. As a mid-career pro maybe I should just be concerned with optimizing other things and not expect any learning opportunities.
Permalink NPR 
November 13th, 2017 3:59pm
Stay on while looking for another position.
Permalink SaveTheHubble 
November 13th, 2017 4:00pm
Stay on while bootstrapping a lucrative side project.
Permalink Z 
November 13th, 2017 4:04pm
"lucrative side project"

Lol. Do you mean something tech-related? An app?

These days I'm working on acquiring more real estate, as that seems the surest way to build wealth.
Permalink NPR 
November 13th, 2017 4:05pm
I had also entertained trying to make some money online, through e-commerce (selling on Amazon) or blogging.

But those things seem a little more hit-or-miss.
Permalink NPR 
November 13th, 2017 4:06pm
ding-ding-ding!  We have a winner.  That's an excellent side-project, and one your employer can't claim derives from your work.
Permalink SaveTheHubble 
November 13th, 2017 4:07pm
I meant the real-estate.  Race-condition.  Sigh.
Permalink SaveTheHubble 
November 13th, 2017 4:07pm
Right. Thanks, that makes sense.
Permalink NPR 
November 13th, 2017 4:08pm
Most of the people claiming to be making a fortune selling on Amazon somehow also find the time to offer to sell their expertise to others wishing to compete with them.

Isn't that kind of them!
Permalink Z 
November 13th, 2017 4:10pm
I made a fortune in real-estate, and you can too!

Just send $14.99 for my real-estate purchasing book.
Permalink SaveTheHubble 
November 13th, 2017 4:12pm
7 minute abs:

  https://youtu.be/JB2di69FmhE
Permalink Z 
November 13th, 2017 4:16pm
Standard advice I give here is to leave.

HOWEVER, yours is NOT the standard situation.

You have work at home and don't really have to do "jack shit".

Thus I say: Ride this horse all the way to the glue farm. Stay.
Permalink Reality Check 
November 13th, 2017 4:20pm
The key is getting up early and working on the side project FIRST.
Permalink Z 
November 13th, 2017 4:22pm
Ride it out, but be prepared to execute escape plan at any time.
Permalink Legion 
November 13th, 2017 4:38pm
"Thus I say: Ride this horse all the way to the glue farm. Stay."

Glue farm. I like that. :)

Your advice makes sense. I think I shall prepare for an exit by getting my resume ready, keeping my network warm, do some practice interview questions, etc.

In the meantime, I have a lot of flexibility that will allow me to focus on RE.
Permalink NPR 
November 13th, 2017 5:14pm
What is there to do with real estate except save up to buy more?
Permalink Q 
November 13th, 2017 5:29pm
I meant glue factory of course. Where they send old useless horses to be killed, skinned, their hides boiled in vats to make hide glue.
Permalink Reality Check 
November 13th, 2017 5:38pm
The people I know who invest in real estate do most of the maintenance work themselves, it makes a big difference to the profitability.
Permalink Z 
November 13th, 2017 5:38pm
Is the difference

hours of maintenance * cost of maintenance / hour ?
Permalink @oddball 
November 13th, 2017 6:07pm
At my last job, my boss was on the phone half the day wrangling real estate deals.

That's probably optimal for you - do the minimum work, focus on your real estate and other stuff.

If you were a recent grad, I'd say to make sure you get valuable experience.  Later on in your career, coasting might be less risky than switching.
Permalink FSK 
November 13th, 2017 6:12pm
"What is there to do with real estate except save up to buy more?"

Looking for deals, making offers, dealing with lender documentation requirements, operational issues (tenants). It can be surprisingly time-consuming.
Permalink NPR 
November 13th, 2017 6:17pm
"The people I know who invest in real estate do most of the maintenance work themselves, it makes a big difference to the profitability."

There is some property management required, but paying a PM is only 6-10% of rents and it can still be profitable to do so. I guess I might do it myself, not sure.

For the passive deals I'm in, the syndicator takes care of all that. I don't do anything but collect mailbox checks.
Permalink NPR 
November 13th, 2017 6:19pm
For a long time I didn't try to buy anything myself, just invested in passive deals, because my job situation always seemed tenuous. Since I have a W2 job I could probably get loans easily.
Permalink NPR 
November 13th, 2017 6:20pm
Sounds like you work for GE.
Permalink Whoa! 
November 13th, 2017 7:09pm
Hasn't GE, like most big US corporations, fired all their American tech workers and replaced them with Indians?
Permalink FSK 
November 13th, 2017 9:07pm
Not yet, not completely anyways.

Dude, even the startups in town are run by Indians now.
Permalink NPR 
November 13th, 2017 9:20pm
Yeah, stay at the job and use it as a reference on your loan applications.

Make sure your tenants are in diverse industries in case there's a recession.
Permalink Send private email xampl9 (Moto phone) 
November 14th, 2017 11:35am