Quote Originally Posted by Jabbo View Post
Okay, It's a tough market out there for a lot of people. I have been blessed by the grace of GOD to have a good stable job with a Fortune 300 company.
This job includes Healthcare, Dental, Vision, Retirement,401k match of 3% and annual raises and bonuses as it's a gainshare company.
That being said the whole package is a pretty good deal. The problem is that, If I stay there for 10 more years, My package may not be worth any more than 90-110k total once you include the 401k match and what the company pays for benefits etc.
I have been offered a job with an independent business owner for a salary comparable to what I'm making now but with out the other perks. This job opportunity allows me the possibility and likelihood of making 6 figures in about 3-5 years.
I know, no risk- no reward, But when you have 3 kids and a secure job in this economy..... Do you take a chance and move after 12 years and give up the safety for a chance at the Brass Ring? What would you do?
Depends on what business the guy is in and how much you trust him. Generally speaking, changing jobs is the only way to get nice 10-20% salary increases, and many people do just that.

Benefits are a very big deal, especially if you have a family. Consider your weighted cost to your employer including benefits. Depending on your benefits, it's significantly different than your salary, prolly as much as 30% if you're not making 6 figures.

If the new gig isn't at least a 30% jump with a VERY good chance of more, think carefully. A good job is a precious thing in this economy. On the other hand "what could've been" can cause you some lost sleep and bitterness. Like most of us, at some point you'll look up and ask "is this all there is?"

Your wife, if you have one figures heavily into the picture also. Make sure she buys in 100% either way. No need to spell out how important that is.

Bottom line is you have to do what your gut tells you. Tough decision...good luck with it.