Why chase more TC after certain point?

Roblox
ai9981

Go to company page Roblox

ai9981
Dec 1, 2021 26 Comments

I'm considering leaving a great paying job (450k TC w/2 YOE) for a worse paying (130k TC) but more fulfilling job. After paying off my debts, getting an extra 150k post tax yearly from stocks in my bank account hasn't really affected my life or happiness.
I'm seriously wondering if I'm missing something; how does more money beyond a certain point (like 130k TC) affect your long term happiness? Not a troll, just looking for alternative viewpoints. Thanks.

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TOP 26 Comments
  • Walmart
    zNQF01

    Go to company page Walmart

    zNQF01
    FIRE, that’s literally it
    Dec 1, 2021 2
  • Apple
    ShibaKaBap

    Go to company page Apple

    ShibaKaBap
    What’s worse than a less fulfilling job paying 450k? It is a job paying 130k and more or less same feeling after honeymoon is over!
    Dec 1, 2021 3
    • Roblox
      ai9981

      Go to company page Roblox

      ai9981
      OP
      Interesting, why do you think it will be a honeymoon? I've seen the temporary honeymoon effect apply to things like promotions, raises, and successful completion of projects, but not job switches
      Dec 1, 2021
    • Apple
      ShibaKaBap

      Go to company page Apple

      ShibaKaBap
      With a job switch, you are trading known issues with unknown issues, there are always issues, that’s the only assured reality. Unless you intern at the new place, you are making assumptions.
      Dec 1, 2021
  • I agree with your thinking. If the quest for more money makes you anxious/unhappy it is not worth it, especially after you have a decent number. 130k is a decent number for a single person to live comfortably. What I find ironic about the FIRE ideology is that people are ready to live miserably for 20+ years so that they can enjoy life after age 40-50. The prime years of human life are spent chasing astronomical numbers which after a point are just that…a number. Stay healthy, save reasonably and contribute back to the society. That’s all that matters for a happy life.
    Dec 1, 2021 3
  • Apple
    dnsb253wvs

    Go to company page Apple

    dnsb253wvs
    Ignoring the more immediate things you can do with more money and FIRE, what about other things you need to have a good income / savings for?

    Will you have enough money to live comfortably when you’re retired? If you want to follow the 4% rule and live off $40k/year in todays money you’ll need to have a little over $2MM saved up 30 years from now.

    What about kids? Will you live comfortably with $130k with a wife and kids? What about saving for their college? What about expenses for them like a car?

    What if you get laid off or fired at some point and have to spend 6-12 months looking for a new job? How is that going to affect your savings, especially for what’s mentioned above?

    What if there’s another housing crash? Can you afford to be under water on your house? What if you get laid off during that time too?
    Dec 1, 2021 3
  • Amazon
    RJMU81

    Go to company page Amazon

    RJMU81
    You’re heading for a cliff anyway, if it makes you happy go for it.
    Dec 1, 2021 1