If you're making $120-170k now, or even close, you will not be happy with an almost 50% cut in pay. Think about it.. hours or no hours. Money is good.

The thread title suggests it was created by dyhppy

 

OP - you are making $120-$170k and you daily drive a ****ing civic?

IMO you will most likely find that a $60k job is not all that rewarding / fun / happy / Unless you have a very specific job picked out that you know will be fun...?...it would certainly give you some free time though....


I am hopefully teaching my kids to follow happiness and not $. It would be great to have both but i sure as hell don't sitting at my idiot desk all day.

goodluck... maybe post up what the jobs are for the two different options..?

 

I'm in a similar position and I've made the decision to try like hell to find that $60k job.

I'm not sure if anyone here has read Rich Dad Poor Dad, but something other than just your personal time that you lose when you're working a large number of hours is your ability to see how to improve your situation. It's better to be underpaid, but not overworked, so that you can have that pent up energy and desire to improve so that you can actively go out and figure out how to build wealth.

Another important lesson in that book, is that whether you are making $60k or $100k, you need to start BUILDING WEALTH, meaning saving, so that you can make your money work for you. If you were able to build up wealth enough to make your money work for you, you would no longer need to ask this question.

I'm not saying I have it figured out, but I am asking the same questions, and figured I would share what I've discovered so far. I've worked for years at around $100k, and have very little to show for it, because like many people I see posting here, I got caught up in luxury items, and didn't start building wealth early. Now I'm 27, and am realizing what a great position I could have put myself in had I been wiser.

Just remember, it's much better to have your money work for you, then to continually be chasing the dollar, working hard for money that just evaporates.

 

If you tell me where to get average 10% return safe investment. I'd give you $2K finders fee.

 

Exactly what I was thinking. If it were 0% enjoyment vs. 100% enjoyment then I would take the pay cut without question. 50-60K a year is a substantial chunk of money if you ask me.

 

$4k.

 

What does your daily driver have to do with how much you make? Using that metric would mean I'm making under $100k daily driving my $9k IS300.

Not to mention a financial planning client I used to work on was worth $200M and drove an early 90's Grand Marquis.

 

 

or Warren Buffet driving his Lincoln... and living off of $50k/year (the figure was quoted on one of CNBC's interviews i think... )

 

If you have friends around you who are rich, you would notice they are also like most of us here who are only able to save very few from their earnings due to all the expenses.

Unless you are very self-discipline about your money, the money would just go to the other stuff like expensive cars and houses. Your saving account barely has any money.

I would vote for happiness based on my lifestyle.