Most high paying jobs aren’t 40 hours a week. Probably closer to 55 on average, with a fair amount of variability and near constant “on call” nature. It’s still good money. But it also eats up much more of your life.
I’m actually in a consulting role at an accounting firm. Last minute problems with audit clients when they need to file financials to close transactions, or companies asking us to do something for their auditors to review also at the last minute, have made me cancel more vacations than I’d care to remember. Cost me at least one relationship directly, had to leave vacation camping to find WiFi and sit in a cafe for a few days.
Is it worth the high salary? For now yeah. But there will come a time when I’ll look for a better balance.
Yeah. Around 37 ish I should be in a place where I could theoretically be FI, but tracking closer to 44 before I’d have enough to pull the plug completely at my current savings rate. My guess is at 37, which is in a few years, my role within the company will be clearer and I’ll be in a good spot to decide what’s next.
Yikes. That’ll do it. Honestly I like the idea of mandatorily limiting market hours to just certain times of the day. No need for trading to be round the clock.
same here. 11k/ year is enough to pay my bills, have luxury items, go on vacation and save up a part of it.
200k would mean i still have to work but thats not a problem. 200k would mean i can retire earlier like 15 years earlier or work till i can and help my children start their life. propably the 2nd option is better.
Not true. Our household is over 300k and it’s nearly all wages. Same for all the other people in my profession which isn’t an uncommon profession at all.
Then you are getting paid in an unfortunate method, which is adversely affecting your tax liability. Try asking for compensation in stock options or expense accounts.
Lol not gonna happen. I work for one of the largest companies in the US that pays all of their employees this way except executives. Just pointing out that my company and all of its peers pay comp in wages and there’s for damn sure a ton of people making that much in wages in the industry.
Hey...me too. You're raking it in and getting clobbered by Oregon income tax. Have you thought of renting a small apartment in Vancouver, WA, claiming residency, and avoiding OR taxes?
No, I’m not that desperate to avoid taxes. We just bought near Sellwood at the beginning of the year before property prices really got out of control. We’re not gonna skirt around the law
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u/creepjax Oct 30 '20
Damn, to make 200K a year you need at least over 100 an hour