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$100K Salary or Free Internship?

Name: $100K Salary or Free Internship?
Uploaded: 2024-10-05T21:00:24+00:00
Duration: 45 s
Channel: Shanli Liu, CPA, CTP
Description: In this monologue, the speaker presents a career dilemma: accept a $100,000 annual salary to perform a skill for a company, or take a free internship…

5 Oct 2024 · 1 min

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In this monologue, the speaker presents a career dilemma: accept a $100,000 annual salary to perform a skill for a company, or take a free internship that pays $35,000 per year for three years but promises a ten‑fold increase in earning potential after that period. The speaker argues that most people choose the immediate high salary, missing the chance to invest in themselves. He frames personal development as the most valuable asset—coining the term “SME 500”—and suggests that investing time and energy in one’s own skills will outperform traditional market investments like the S&P 500, especially when money is scarce but time is abundant.

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this company is willing to pay me $100,000 a year to go do this skill where I have this other company that will give me a free internship where I could 10x my potential earning in 3 years, but I'm going to make $35,000 a year for the 3 years. Which one would you take? The problem is most people will take the $100,000 now and forego the investment in self. And that's the thing is we are the asset that we invest in. And usually as you're realizing the potential earning you have, you're usually losing out on your investing into that potential. And that's why in the early days when you have limited amounts of money but lots of time and energy, instead of putting your money in the S&P 500, I like to say put it in the SME 500 because the asset that is you will always beat the stock market.