Pro
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Hello, I need thoughts on this pls..
So what stonks are we buying?
Additional Posts in The Worklife Bowl
What was your first dance wedding song?
Conversation Starter
🍿🍿🍿🍿in two minutes!!
Pro
I can relate
My kind of protester.
Conversation Starter
Rules for thee not for me!
Rising Star
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My life style hasn't changed much, but I am happy that my income has enabled me to help others more easily. I currently support the college education of 13 orphans.
😂😂😂
I am a happy partner at 35. My income is solid.
I have no concerns about money, and as a result can be generous. I'm happy with the choices I've made and have a fulfilling life. However, I have exceptionally limited discretionary time.
I spend a good chunk of time working, spend evenings with my young kids (we have 4), and when they're asleep I am often getting more work done. I usually find time 5 or 6 times a week for a run, and am on the board of directors for my church. I have an amazing spouse who stays home with the family and makes sure our house stays intact.
After all this, I'm done. I don't get any time to play games (civilization is.. Was. A hobby). If something interesting comes up, I likely can't pursue it. And, I watch next to no tv or sports or pop culture.
All in all, I'm happy and wouldn't give up the list above. But, I would love the chance to breathe occasionally!
Wow, you're living the dream
Pro
I am happy I don’t have financial stress when it comes to spending. I never have to worry if gas prices go up or if the flights are a little pricey. Still value the cost of a dollar though. But if things ever become panic mode, I can afford it.
I pull in 250 as a 25 year old w no other obligations besides myself and my pup (10-15k a year). Able to max 401 and Roth IRA each year. Spend on what I want while saving enough.
Issue down the road will be managing the money - I want to get into real estate. Right now everything in the market and it grows but gives me a headache some days. As they say, mo money mo problems
A person with a 250K a year doesn't qualify for a Roth IRA.
My SO makes ~300 in big law and is stressed beyond belief. Hoping she quits soon to take a lower paying job with less stress. Note: we don’t have debt (besides a mortgage) so it’s an easier decision to make for us.
Which LOS^
50k at age 30. Wtf am i doing with my life?!
I think you're doing normal and many are inflating their salaries big time. Having a hard time believing people in this line of work are, at age 30, making more than my older brother who's a surgeon.
32 and at ~350k; i like that i never need to check about costs (eg buying organic). I could do with a little less stress :)
Enthusiast
34 and a Big 4 Director here making $325k base
Pre-MBA, I pulled ~300-350 working in PE. Super unhappy and hated life, but did make enough money to pay for business school, which I’m now in.
One unfortunate thing from a career perspective was that I’m not so sure working in PE was worth it, given that it didn’t help advance my career since PE was a temporary detour (not interested in PE in the long term)
What did you do before PE?
I’m just trying to know how to get my salary to over 100k....
Get a job in Tech. Thank me later .
Given where I was financially when I started consulting at 26, I do feel significantly better now that I make ~350k at 37. I’m no longer stressed about eating out, holidays, daycare, household repairs, needing to financially help a relative/ friend etc.The peace of mind that a decent salary/savings brings you goes a long way in allowing you to enjoy the time that you don’t spend at work.
I worked a basic IT job for a couple of years out of undergrad, realized that it wasn’t going to get me anywhere and decided to get my masters. Started in consulting right out of grad school at 25-26
The more you make the more the job is 24/7. More money means more headaches.
totally ...and you do not feel acknowledged by staying back to do work that you know will not be filled in as overtime, for you are being paid to deal with it and if you cannot tolerate the amount of time it is taking away from your personal life, well there are 200 who will jump at the chance to be in your shoes tomorrow. I have had two r/ships that basically died as soon as the company got their claws into you, signed my life away I guess. No kids now as I think that boat has already sailed, left it too late due to all the hours that were spent keeping management /clients happy. Then one day my chest hurt, I felt weird like anxiety..so lucky my office was in the centre of the city we had a medical centre 2 doors down so I was taken in and he told me if I kept going I would be in hospital with a possible heart attack or worse. It was there that I took 2 days off, which was signed off by the doctor who said "you must rest or else" and then my friend took me to Apollo bay where it was a small beachside town and we chatted, life was about living not being a slave. I now have not had any anxiety, I have my family and circle of friends all back in my life, I am only stressed to get around to catchup socially as that is what we do now, ...bbqs....dinners...picnics out at parks and bring the family and fur babies...we have fun and laugh at lot. I cannot say that I have problems sleeping now but when I was in that office environment where the job was fancy as was the pretentious lifestyle of dinners/drinks out ...it was 'fake' ...I know what I have now is 'real' and you can't buy that...
I’m 34 and a VP at a media agency making $200. I’ve been a VP for years because I’m terrified of the mental anguish and stress of SVP level, a role which I could’ve gotten a while ago if I had wanted it. (SVP = $250+) It’s probably not as stressful as I make it out to be in my brain but point is: I feel you OP. I feel like maybe I’ve reached my money:sanity threshold.
I should add that I’m very happy with the balance of my role and salary. I have autonomy and agency so I feel in control over my schedule and work/life balance for the most part—hence my unwillingness to change titles.
Rising Star
It’s hard to have a low salary (but typically less stress). It’s hard to have a stressful job (but typically high paying). Pick your hard.
I recently took a small pay cut for better WLB (190k salary plus bonus to $175k salary plus bonus). I’ve decided to exit the rat race and $175k is enough for me to have a fulfilling career that also gives me my weekends back and no more late nights. I feel very fortunate.
The most stressed I have ever been at work was in food service making $7.25 an hour
Before I had the job I have, I thought there was no way that execs could earn the comp they make.
Now that I do my job (CLO at a F500 growth Co), I feel fairly, but not over, compensated.
I am more fulfilled in my work than I’ve ever been, I also carry more stress than I ever thought I could and feel an enormous weight of some of the decisions I take. I am empathetic and I genuinely love my executive team and my department. I feel privileged to get to do what I do. The amount of empathy I carry makes my job harder... I also know it makes me better at my job.
I am happy, but also extremely stressed, I love my job, but wish I had more time with my son. I’m a single parent & I couldn’t do what I do without a lot of help - are you hearing a dichotomy?
According to my W2 I made 2.9m doing my job last year. I’m 42.
Pro
CLO1 you sound like someone I'd want to be friends with
Having enough time and energy to hang with my kids, husband, friends, and making time for self care.
I make it happen but it’s not pretty lol. Conference calls while at the playground 😂
Making over 1m. I’m quite happy generally but of course it’s stressful to keep up with sales targets and internal politics and so on. Lots of frustrating things about day to day life don’t go away although at least now I don’t need to worry about cooking, cleaning, laundry, staying in nice hotels and eating at nice restaurants etc.
Honestly the upsides way outweigh the downsides.
Chief
Haha nope. Not even close.
I mean even at first glance that doesn’t make sense. How long would it take you to save 2x your annual salary? ~10 years right? Why would you think it’d be different for partners?
Pro
Highly paid ($210k) as a single male, but also heavily in debt. Working on it but it’s a slow process to get out of.
I’m incredibly happy with life, but the financial constraints I have do put a damper on things. I’d say it has slightly gotten better due to COVID and the fact that I can’t go anywhere and consequently I’m able to save a bit more while also paying off my debt.
I expect to be in a better financial state in 1-1.5 years.
Enthusiast
Are you able to share what debts? Is it primarily school loans?
I am equally as happy as I was when I made $150k. Family, friends, a supportive partner contributes to that happiness. The only thing that the additional money brings is a sense of security and knowing that we can afford the added luxuries in life - ie the upgrades when we travel/vacation, and nice gifts for our loved ones.
I’m in my early 30s and have a combined annual income of $1.2mm with my husband.
Do you have children? Debt?
Rising Star
The benefits of making a decent living (north of top 1% in NY) is of course the financial freedom that my family enjoys, and the ability to have my wife stay home to raise our kids. But the downside is I am effective on-call 7 days a week (was just on a hour long call with a client bc he wanted to discuss markets and his portfolio on a Sunday afternoon). I do enjoy what I do and my current job gives me the flexibility to see my family more than previous ones. Life has been kind to me and I consider myself quite lucky.
If all parents raise their kids then why say “my wife stay home to raise kids”? IMO it is absolutely an unconscious bias on OP’s part. Unfortunately unconscious bias exists and it won’t get better if people don’t understand they have an unconscious bias.
Pro
I would feel so much richer even at 100k if I didn't have my siblings, parents, and grandparents to take care of..
I feel like I'm a step before that. I only make enough to support myself. Just waiting for the day my parents/gparents deplete savings (retiring earlier due to disabilities they cannot get assistance for) and then I need to help.
32 y/o, around 450k last year. Big law life is super stressful and very rarely any family time, which is crushing with small children. As others have said though, the upsides are pretty great. Never really have to stress about having nice vacations, donations or having good food. Would I trade 50% of my salary for a better lifestyle? 100%
Depends. Fluctuates between 40 and 90.