There's a hidden cost to ambition that rarely shows up in a paycheck. Staying late without logging overtime. Taking on extra responsibilities "for exposure." Saying yes when your paycheck still says no. It's one of the most common ways people leave money on the table, and according to Emma Grede (1), it's time to stop.
Grede, the British entrepreneur behind Skims and Good American, has built a career on understanding value, not just in business, but in how people price themselves. As founding partner and chief product officer of Skims and CEO of Good American (2), she's part of a new guard of executives who blur the line between cultural influence and capital.
Now worth an estimated $405 million, according to Forbes (3), Grede is turning that lens inward. In her new book Start With Yourself (4), she challenges what she describes as the "lies" women have been told about work, balance and likability.
"You're going to have discomfort if you live up to your ambition," Grede tells The Wall Street Journal (5). "If you want to get paid what you deserve or make a lot of money, you've got to admit that to yourself."
The early hustle
Grede's perspective on work and ambition took shape early. Raised in East London by a single mother, she was the eldest of four daughters and began working at just 12, taking on a paper route and other jobs while helping care for her younger sisters. She eventually left high school to pursue a career in fashion, working her way through the celebrity and marketing worlds — where she would later meet Jens Grede (6), her husband and now business partner.
She went on to found ITB Worldwide, the influencer marketing agency she sold in 2018. But her drive wasn't rooted in proximity to wealth, it came from a desire to move beyond the life she knew.
"I wanted a different existence," she said (7). "I wanted to be in charge of my happiness."
That mindset continues to shape her approach to leadership. Discomfort, she argues, is part of the job and so is the willingness to make unpopular decisions. For women in particular, Grede pushes back against the expectation to overextend or undervalue their work, encouraging a more direct, transactional approach to business.
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The cost of being helpful
Research from Harvard Kennedy School Women and Public Policy Program shows women are significantly more likely to take on "non-promotable tasks" (8) — the kind of work that keeps organizations running but does little to advance the person doing it.
In mixed-gender groups, women were 48% more likely (9) than men to volunteer for these tasks. But in single-gender groups, that gap disappears suggesting the imbalance is driven less by preference and more by expectation.
That doesn't mean every extra task is a bad move.
Steph Wagner, National Director of Women & Wealth at Northern Trust and author of Fly! A Woman's Guide to Financial Freedom and Building a Life You Love, says the decision often comes down to strategy.
"There are times — for anyone, not just women — when taking on additional work without compensation, or even stepping into a role before it's formally yours, can be a strategic decision," she told Moneywise. "Demonstrating your capabilities and proving the value of your work through results can be a powerful way to build credibility, expand relationships, and create opportunities for growth."
Still, the impact of consistently taking on this kind of work can be subtle but cumulative. Time spent on tasks that aren't recognized or rewarded can translate into fewer promotions, slower salary growth and, ultimately, a widening pay gap. In 2024, women earned about 85% of what men earned, according to the Pew Research Center (10).
For Grede, that's exactly the point: being liked at work can come at a cost.
"I don't want to be doing things for free that I don't get paid for," Grede explains. "I'm not saying don't do favors. But you can say, 'This is something I need to charge for, that I need to be rewarded for.'"
How to stop leaving money on the table
Avoiding unpaid or overlooked work isn't always as simple as saying no more often or speaking up in meetings. According to Wagner, the real challenge often comes in making the shift from proving your value to advocating for it.
Too often, people get stuck in that "proving" phase — taking on extra work to demonstrate what they're capable of — without ever transitioning to asking to be recognized or compensated.
"I do think women can struggle more with this — often due to a lack of confidence in how to advocate for their worth or limited access to key negotiation tools and frameworks," she said.
With that in mind, Wagner emphasizes being intentional in understanding why you're saying yes and when that effort should translate into advancement. That idea also connects to something Emma Grede often stresses: knowing your value — setting boundaries around unpaid work, clarifying how extra responsibilities will be recognized and advocating for yourself, even when it feels uncomfortable.
At the same time, opportunities don't always arrive neatly packaged; sometimes they have to be asked for, or even created. Bringing others into the process can also help reinforce that shift.
"It can also be helpful to share your experiences and goals with a mentor or trusted peer and ask them to hold you accountable — once you put your intentions out into the world, they become more real and more likely to become reality," Wagner said.
Article sources
We rely only on vetted sources and credible third-party reporting. For details, see our ethics and guidelines.
The Wall Street Journal (1, 5, 7); Vogue (2); Forbes (3); Simon & Schuster (4); YouTube (6); Harvard Kennedy School (8, 9); Pew Research Center (10)
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Victoria Vesovski is a Toronto-based Staff Reporter at Moneywise, where she covers the intersection of personal finance, lifestyle and trending news. She holds an Honours Bachelor of Arts from the University of Toronto, a postgraduate certificate in Publishing from Toronto Metropolitan University and a Master’s degree in American Journalism from New York University’s Arthur L. Carter Journalism Institute. Her work has been featured in publications including Apple News, Yahoo Finance, MSN Money, Her Campus Media and The Click.
