When I was 21, fresh out of college, I too had the dream of quickly climbing the ladder. Spend a couple years at the 15K daily I broke in at, move on to a 50K in two or three years, be at the major metro in 10.
Didn't happen.
I found out, rather quickly, that I had no idea what I was doing. I learned, but it took those two or three years. I was still at the 15K. I gave up the dream to focus on improving my skills.
By the time I was 25, I was doing better. I was kicking ass. And I was enjoying myself. I was working with good people, at a good paper, and having fun. I didn't want to leave. I gave up the dream because I was having fun.
By 28, I was a little depressed. Some of the good people had moved on. I hadn't. My hard work hadn't really been rewarded. Despite winning an armful of state press awards I was still getting a small cost of living increase every year and the major metros weren't knocking on the door. I was still at the 15K. I didn't have a girlfriend, nor any hopes on the horizon. I decided it'd be fun to frequent the local casino. As an investment plan (one of many ways I tried to justify it), it was an appalling failure.
It was basically a quarter-life crisis -- other people my age, friends from college, are doing well so why aren't I? What am I doing with my life? Why am I still in this small town, at this small paper? I gave up because I didn't know what else to do.
Now, at 31, I'm married. In the last three years I've seen that this small 15K isn't so bad. We do a lot of things bigger papers wouldn't dream of. Enough of the good people are still around that I enjoy the job. All of those cost of living increases have added up to a decent paycheck every two weeks. I'll never be rich, but if I'm smart I'll never starve either.
On the homefront, the wife has no desire to move. Neither do I. One of the bad things about this business is its nomadic nature. When you wake up 10 years later and look around, sometimes the grass isn't greener in the bigger yard. As far as I know, my small paper is pretty well insulated from things like buyouts and layoffs. I have some seniority in the newsroom now. There's some job security. I get to spend a lot of nights at home with my wife, something I wouldn't be able to do with a "dream job" covering the big state school or a pro team.
I've given up the dream this time because I want to. In ten years I've learned that some things are more important than working your ass to the bone. Not that I'm lazy. I still get out there and work my beats. It's just that my priorities have changed. If yours change, it's not so bad to give up certain things to be happy.