Schucky Ducky
Banned
At an extra 200K annually, as long as you don't let your expenses blow up along with the extra income, you could retire very young depending on how old you are now and how the markets move.
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100k(40hr/week) vs 300k(55hr/week) salary
- Thread starter OEM
- Start date
At an extra 200K annually, as long as you don't let your expenses blow up along with the extra income, you could retire very young depending on how old you are now and how the markets move.
Some Nobody
Junior Member
That's such a drastic increase in pay. You're getting triple the salary for not even double the hours. In this imaginary situation, tell you what--shave five hours off that and let me work 50 hours for 200k and my answer is yes. Ten hours a day at work until I'm debt-free and have enough money to buy a car in cash and live in whatever city I wanted.
Then I'd probably drop back down to 40 hours a week for 100k because working more than 40 hours a week better be for your passion or for millions if you're not in debt.
Then I'd probably drop back down to 40 hours a week for 100k because working more than 40 hours a week better be for your passion or for millions if you're not in debt.
Skiptastic
Member
Three hours more M-F? Or adding bits of time during the weekend for triple my money?
I'm taking the $300K option, every time.
I'm taking the $300K option, every time.
MastAndo
Member
If you don't take the latter, you're a madman. A few extra hours a day for 200 extra K a year? There are people working 70-80 hour weeks who won't sniff that salary. Don't be an idiot. Tripling an already decent salary IS a lifechanger.
I make the earlier amount, and I'm fine financially, but it's no cakewalk especially when you start looking into buying property - and I'm a single guy. Then again, I do live in NYC.
I make the earlier amount, and I'm fine financially, but it's no cakewalk especially when you start looking into buying property - and I'm a single guy. Then again, I do live in NYC.
You can retire fairly comfortably on 1.5 million cash assets. (1,500,000*.04 = 60,000 annual salary). You're looking at a little more than 4 years working to reach that level.
InfiniteBento
Member
I already work 55+ hours a week and only make less than $24k/year.
So if my career offered that pay bump, you bet your ass I'd still work the hours I do now.
So if my career offered that pay bump, you bet your ass I'd still work the hours I do now.
Khalifa Jayy
Banned
People are seriously underestimating the difference.
Shao Kahn Brewing a Stew
Banned
The difference is $50/hr vs $100/hr. Massive!
Alligatorjandro
Banned
Give me the munnies
Flame Lord
Member
The idea of working 40 hours a week alone is depressing to me.... But 200K extra for 15 more hours a week? Could use that extra money to speed my way towards retirement.
What about kid's college?
my parents are in their 60s which if you made through 40s and 50s without getting cancer you're already ahead of your peers. But i've seen several of their friends get cancer in their 60s, one of their good friends was just diagnosed with ALS like literally last week.
outside of other tragic shit i cant think of anything more sad than working till your 65 and then dying. You never know when you're going to go, enjoy life while you can.
facetheslayer92
Member
What?
Assuming someone had the decision to triple an already extremely well off salary, people would fucking kill themselves to be paid $300,000 dollars a year and clocking in 55 hours/ week?
Its a no brainer.
Assuming someone had the decision to triple an already extremely well off salary, people would fucking kill themselves to be paid $300,000 dollars a year and clocking in 55 hours/ week?
Its a no brainer.
MilkLizard
Member
More free time always beats more money.
Pagusas
Elden Member
Yes its massive, but so is 15 hours a week away from my family. Thats 780 hours a year I dont get to see my wife and dog. How much is 780 hours of my life worth? How much is my time with them worth?
……forgetit
Member
Depends on the job, 55 hrs a week of making power point presentations or fucking off on a forum isnt bad, but 55 hr a week as a construction worker could kill you.
Yup for the extra 15 hours, I don't know why anyone wouldn't do it.
People are working 55 hours a week for around $40k with a ton of stress.
Yeah I could suck it up for $300k for a few years.
godhandiscen
There are millions of whiny 5-year olds on Earth, and I AM THEIR KING.
A lot of people have not worked 55hrs. It is fucking killer. I measure my time and on weeks I am around the 60hr mark, I am fucking going nuts. The one thing that helps is a strict sleep schedule. I cannot do it for more than two weeks straight without a decline in productivity.
It is worth it for the money though.
It is worth it for the money though.
The difference is huge, so I probably wouldnt be able to decline.
However, if you want to raise a family, the difference between working 8 hours a day and 11 hours a day can be the difference between seeing your kid every day and seeing your kid only during the weekends. I dont know if the monetary gain is really worth losing that.
However, if you want to raise a family, the difference between working 8 hours a day and 11 hours a day can be the difference between seeing your kid every day and seeing your kid only during the weekends. I dont know if the monetary gain is really worth losing that.
Depends where you live. Lots of places being alone with $100k is ok but $300k would be a dramatic difference. Like night and day difference.
djplaeskool
Member
Jag
Member
This. College savings is a huge % of my overall savings. My oldest graduates HS next year and I'm pretty close to having enough for 4 years. Same with my younger. Been saving since they were born.
You also tend to live at your income level. So a little nicer car, roomier house, better neighborhood, more trips, eat out more, etc. Initially you think you would be as frugal as you were when you could barely pay the rent (I was), but after time, it is so easy to fall into the spending money trap. Even if you are not buying huge ticket items.
titiklabingapat
Member
I would do that 300k a year for a couple years, bank as much as I can, invest them all in index funds then retire early so I'm free to do whatever I want afterwards.
TetraGenesis
Member
100k, no question. That's an exceptional amount of money for the average single person and 40hrs would allow time to actually do things with your life and money. And have energy and motivation to do them.
If you're really desperate for that extra cash, set aside part of your salary for smart investing and a few years down the line you'll be making even more for the same hours a week.
If you're really desperate for that extra cash, set aside part of your salary for smart investing and a few years down the line you'll be making even more for the same hours a week.
55 hours a week is no joke. I work to live, I don't live to work. I want to enjoy life now, not save it all for when I'm 50 or 60. As it is, 40 hours a week is a drag. I understand that some people don't mind and thrive on working 55-60+ hours a week... But they are some of the most boring people I've met in my life. No thanks, 100k and free time? Yes please!
Pagusas
Elden Member
That's not near enough money for that type of sacrifice to me, especially when our lives are good and happy at my current salary. If i was making like 50/60k a year, than yeah, the sacrifice is worth it, but not how life is now.
Resident_UA
Member
300k? Maybe... It really depends how good/shitty the job was. It's not as clear cut in either direction as people are making it out to be...
IF you are making an extra 300% a year you can retire three times faster. If you play your cards right you dont have to retire at 50 or 60. You can retire in 5-6 years.
TetraGenesis
Member
You know what?
This is actually a brilliant hypothetical, OP.
Your answer and reasoning says so much about you.
It's like the Invisibility vs. Flight one.
This is actually a brilliant hypothetical, OP.
Your answer and reasoning says so much about you.
It's like the Invisibility vs. Flight one.
Captain Tuttle
Member
I'd take the 300k, it's a no brainer
funkystudent
Member
I spend 2 hours a day getting there so if I could triple my money and next door to work and only be out 1 hour a day I would
the_firewithin
Member
200k more for 15 extra hours...sign me up
CreepingFear
Member
With 300k, I could do more investing and retire early. Easily 300k. I would live on the 100k and use the other 200k for investing. Max out 401k, IRA, etc.