Ask for a raise or new responsibilities. Tell them if they want you to wait it out that you need to be compensated for your skills languishing. Take the higher

Ask for a raise or new responsibilities. Tell them if they want you to wait it out that you need to be compensated for your skills languishing. Take the higher compensation and start working on a side project, invest all the money that you make over your current compensation into launching that side project when you are ready.