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Plot your rise

El Amin didn’t have the technical background that other product managers possess, but she was able to identify the work that was considered high value, networked with the right people and figured out which skills would translate to higher positions.

And she didn’t just stay in her lane — she swerved across departments, collaborating with marketing, legal and engineering teams. That cross-functional hustle paid off big time as it opened doors to management opportunities she may have missed if she’d stayed on one track.

“The easiest way to start to transition your skills into new career paths is doing it at your current company,” she says.

According to the Federal Reserve Bank of Atlanta, as reported by The Wall Street Journal, the wage gap between workers who stay put and those who jump ship is widening.

As of June 2022, job stayers — folks who’ve stuck with the same role for at least three months — saw their wages rise by about 4.7%. But those who switched jobs with a new company saw an average bump of 6.4% — the biggest pay gap in two decades.

If you’re thinking about making a move, El Amin admits the current job market isn’t exactly a walk in the park, but that doesn’t mean you should stop looking. Whether it’s within your current company or beyond, staying curious and keeping tabs on new opportunities is always a smart career move.

“We should not stay in companies beyond our expiration date,” El Amin says. “Even in this job market, you should always be assessing your options, seeing what else is out there.”

Business woman, reaching out for phone, drinking coffee.

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Your 9-to-5 isn’t your only superpower

Aside from the two years when her full-time focus was on Flynaced, El Amin has been managing her company on the side since 2020. But you don’t have to start a business to generate some extra income on the side.

Nearly 40% of Americans are currently working a side hustle, according to a recent survey — and for 61% of them, it’s not just for extra cash. In fact, the side hustle is the only thing keeping their lifestyle afloat.

One thing to keep in mind is to leverage the skills you already have. El Amin says there’s demand for practical talents like bookkeeping, content strategy, tutoring and even data crunching. Whether you’re freelancing, consulting or snagging part-time gigs, your expertise can potentially stretch further — and pay more — than you might think.

Sometimes the simplest skills bring in the steadiest cash. From pet sitting to resume editing, there’s a market for just about everything. The goal isn’t to hustle yourself into burnout, but to build streams of income that fit your life.

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Victoria Vesovski Staff Reporter

Victoria Vesovski is a Staff Reporter for Moneywise currently pursuing her Masters of Journalism at New York University.

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