GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Making moremoneymay come with some big costs.
Without a retirement match, he said you lose out on free money that can compound over time.
Sometimes, the higher wage doesnt offset the loss of these long-term perks, he added.
A major red flag Shahnazari warns clients about is missing 401(k) matching.
When a company doesnt offer retirement matching, youre leaving substantial money on the table.
A paycheck can only go so far if youre not acquiring marketable skills that your long-term earning potential suffers.
That affects your ability to negotiate future salaries.
Shahnazari also explained thatlimited growth opportunitiesoften signal long-term financial stagnation.
I advise clients to investigate promotion patterns, he said.
Suppose your offer letter has vague statements about bonuses orfuture pay bumps, Crocco explained.
In that case, thats a sign you may not see the money.
For example, you might learn your competitive bonus structure is tied to unrealistic sales quotas.
You miss out on a good chunk of earnings when you cant meet those, he added.
Tallying the Overall Cost
Shahnazari saidpoor work-life balancecarries measurable financial costs.
Your money could end up going towardstress-related medical billsor expensive convenience services to keep daily life running.
Be honest about whether the jobs demands outstrip the financial perks, he added.
More From GOBankingRates
Share This Article:
