At 300k you already can afford a decent lifestyle, support a family and maybe bought a comfortable house. Bigger TC often comes with bigger responsibility and stress, but does it improve your lifestyle and happiness?
Half of the money goes to tax anyway.
- Chase tjPE83300k and single? Ok. But definitely not enough if you have kids and your partner doesnt work
- Apple CastlekingmoreMost people actually hate their jobs, so any additional TC makes them feel better
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- Apple Snut EllaWhen you are laid off at 44 that extra $100k you saved over the past 7 years will make a difference.
- Google Lame.Have you not read the "How can I survive in the Bay Area with 400K salary" Quora post? It was national news for a bit.
- Dropbox pu5h33nI feel ya op. I’m no longer trying to get promoted quickly, it seems to just add more stress. I would honestly take a 20% pay cut to work 20% less hours. Free time and lower stress are more important to me than a yacht (though it would be nice to have both).
I’m married to another tech worker so our taxes are astronomical, and I feel like that’s also reduced my incentive to increase TC.
- I am single, living in the Bay Area making 300K TC and I can honestly say I live average. No yachts or rolls Royce’s in my garage.
- Google 23&@1The answer depends on 1) your current networth 2) whether you are trying to get promoted in your current company or getting a better tc outside. If your networth is already high, your high investment returns will make the higher TC less significant. If you are trying to move within the same company then I feel it’s not worth it as you need to work harder (to be a better version of yourself) and also the stock accumulation and base increase is slower and will take another 4 years for you to be at the full higher level TC