Excellent post from Ramit Sethi about the trade off between a present income and future return:
What the hell? I think this is where a lot of people differ. When pride gets in the way, everybody loses. These friends were basically saying that I should tell the client to pay me my normal rate or take a hike—with no regard for the long-term potential. Good business doesn’t work like that. If you’re only concerned about the short-term money, you are a fool (and greedy). If you think negotiations are zero-sum, you are a fool. And if you don’t realize that at our age, experience is more important than money, you are a fool.The question is this: Do you want to feel good about walking away from a negotiation that didn’t go exactly 100% your way? Or do you want to do interesting work that will open more doors over the long term?
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