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Unread 2016-03-16, 11:41 AM   #1
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Default Time Vs Money

We (the wife and I) have some things going on in life that I thought would make for an interesting topic discussion - I could be wrong, but what the heck.

Has anyone taken a big pay cut to get a more relaxing, family friendly, or enjoyable job? Did you regret it?

Years ago, I turned down a high paying job because I enjoy where I am at and there is a good future - so I didn't notice a cut in pay that I didn't have. Now I am trying to convince my wife to do the same. Her job is getting shittier as time goes on, it appears to be getting worse rather than getting better. She makes a premium doing what she is doing, so it could mean a big (noticeable) pay cut, but it could also mean a better quality of life everywhere but financially, more family time, free time, time off, etc. We are both early 30's with two young kids. She is worried, but also intrigued by the idea.
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Unread 2016-03-16, 11:44 AM   #2
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I haven't taken a pay cut per say, but I am paid probably 75k less than I could be paid if I were to accept the job offers I'm provided weekly that would require a 100% travel or contract based work. I turn these offers down every time because I'm working as a remote employee with travel expectations that vary and can sometimes be heavier than others, but the end expectation after a project finishes is that I'm at home. That flexibility is worth a LOT of money to me and I would probably need double my current salary to give that up.
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Unread 2016-03-16, 11:49 AM   #3
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I stay where I am due to it. Could likely make a decent amount more (probably $10-20k, I'd imagine), but the hours are pretty flexible, work with great people, and my office is close to home if something would come up. Nothing is perfect, but I try to carve out an extra buck here and there with other ventures.
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Unread 2016-03-16, 11:51 AM   #4
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Originally Posted by 69Mach351 View Post
We (the wife and I) have some things going on in life that I thought would make for an interesting topic discussion - I could be wrong, but what the heck.

Has anyone taken a big pay cut to get a more relaxing, family friendly, or enjoyable job? Did you regret it?

Years ago, I turned down a high paying job because I enjoy where I am at and there is a good future - so I didn't notice a cut in pay that I didn't have. Now I am trying to convince my wife to do the same. Her job is getting shittier as time goes on, it appears to be getting worse rather than getting better. She makes a premium doing what she is doing, so it could mean a big (noticeable) pay cut, but it could also mean a better quality of life everywhere but financially, more family time, free time, time off, etc. We are both early 30's with two young kids. She is worried, but also intrigued by the idea.
My GF took a small pay cut late last year in a job change where she wasn't in charge of the dept because she wanted less stress and responsibility. She's very happy she made the change.

I'm proud of her for knowing what is right for her.
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Unread 2016-03-16, 12:00 PM   #5
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I'm in the same situation as Scooby. I've had opportunities that would add $50k to my salary plus bonus potential. Downside is considerably long hours, work on weekends, possible relocation in 5-10 years. Just wasn't worth it to me. I enjoy my predictable 40 hr work week with no working on weekends. Knowing what hours I will be working and having the flexibility to take off when needed is worth a lot of money to me, especially now with the kiddo. I don't make killer bucks, but it's enough to pay the bills and live comfortably.

I'll also add that my wife was in a similar situation when our son was born. She spent a long time to earn her education and she struggled with the idea giving up the career she spent so much time to achieve in order to spend more time at home. In the end she dropped her hours (resulting in a 20% pay cut) but now gets to spend a couple of days at home with our son. Absolutely zero regrets.
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Unread 2016-03-16, 12:04 PM   #6
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I haven't taken a pay cut per say, but I am paid probably 75k less than I could be paid if I were to accept the job offers I'm provided weekly that would require a 100% travel or contract based work. I turn these offers down every time because I'm working as a remote employee with travel expectations that vary and can sometimes be heavier than others, but the end expectation after a project finishes is that I'm at home. That flexibility is worth a LOT of money to me and I would probably need double my current salary to give that up.
bro, pass that my way. I will take a 75k raise to travel every week, no problem. I already travel about 50%, anyways.
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Unread 2016-03-16, 12:15 PM   #7
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bro, pass that my way. I will take a 75k raise to travel every week, no problem. I already travel about 50%, anyways.
You're gonna need about 12 years as a solution expert in OR EHR systems to be able to do so
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Unread 2016-03-16, 12:16 PM   #8
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You're gonna need about 12 years as a solution expert in OR EHR systems to be able to do so
Fake it 'til you make it, amiright?

I do work in medical software. So I've got that going for me, heh heh
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Unread 2016-03-16, 12:45 PM   #9
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Fake it 'til you make it, amiright?

I do work in medical software. So I've got that going for me, heh heh
If I had a dollar for every time I heard that from a Cerner associate as "advice"....I'd be a rich man.
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Unread 2016-03-16, 12:48 PM   #10
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If I had a dollar for every time I heard that from a Cerner associate as "advice"....I'd be a rich man.
Ha! Yeah, I hear ya. Cerner is quite an... interesting corporation.
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Unread 2016-03-16, 12:54 PM   #11
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Ha! Yeah, I hear ya. Cerner is quite an... interesting corporation.
Yup. They churn out the recent college grads that are now in client facing roles and have to pretend to know what they are talking about. It's hilarious how confident some of them appear to be and that facade holds up until the heat comes on...
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Unread 2016-03-16, 01:12 PM   #12
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I've turned down our flagship Waikiki building, among other opportunities over the past 5-6 years, each of which would have me in a DO position by now.


50K difference in total compensation is attractive, but it's basically choosing money over proximity to my kids, and that's not for sale.
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Unread 2016-03-16, 01:20 PM   #13
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Yup. They churn out the recent college grads that are now in client facing roles and have to pretend to know what they are talking about. It's hilarious how confident some of them appear to be and that facade holds up until the heat comes on...
Yeah, a couple people have come to my company after Cerner burned them out. I have heard some pretty crazy stories about how they operate.
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Unread 2016-03-16, 01:34 PM   #14
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I am actually going in the opposite direction right now where I have less and less time for more income.
But I have refused to relocate away from the Midwest and I am now bound by workday flexibility because of daycare. Wife also has a career and either of us staying home wouldn't work.

But from my previous posts you would know I am all about time over money.
Time is something nobody can buy, once its gone its gone.

For those reasons I'm working very hard to be in a place in the next 10 years where getting up and going to work will have no affect for whether the bills get paid.
Ill be able to spend my time on things I want to spend them on.
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Unread 2016-03-16, 06:01 PM   #15
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I may not have the best paying job, but I enjoy it, have a 10 minute commute, can take days off pretty much whenever I please (within reason), accumulate so much leave time I literally have to make myself use it and I have the opportunity to travel across the country as much or as little as I want (again within reason).

I passed up an opportunity making about $20k/year more because I would've had an hour commute and shift work.
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Unread 2016-03-16, 07:42 PM   #16
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My past career choices and planned future career path are heavily influenced by a good work/life balance and enjoying the work I do. If you can make a comfortable living there's a point where more money doesn't really matter. There are lots of studies regarding this as far as compensation as a motivator. If you are at a point where you can live and save appropriately with you both making less than you could in exchange for better quality of life, I'd say there's nothing wrong with making that choice.
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Unread 2016-03-16, 08:13 PM   #17
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can take days off pretty much whenever I please (within reason), accumulate so much leave time I literally have to make myself use it
Not gonna lie. Working for the state/government sounds amazing for work life balance.
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Unread 2016-03-16, 09:19 PM   #18
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I left my Job at Cessna about 2 years ago and took what amounted to probably a 10-15k pay cut to be an auto adjuster.

After 2 years with my yearly bonus I make almost the same, I get almost 5 weeks of vacation every year (and have only been there 2 years), I have a company car with 3,600 personal miles/gas paid every year on top of using it everyday for work.

So i sold my Cruze I had and saved $300-400 instantly on payments, maintenance, insurance, etc.

I also have my boss in kc and i am in wichita so I have some freedom and only see him every couple weeks.

I start my day everyday around 8-815 and don't handle my first claim until 9am and finish at 3-4 at the latest most days. Walk both my dogs and relax by 5pm everyday.

It can def be worth it.
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Unread 2016-03-16, 10:21 PM   #19
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I've been seriously contemplating cutting back on work so I can have more time at home. I love my work, I get to travel and see and do a lot of cool stuff, and it pays very well. Similar to some of you guys, I had an opportunity to raise my salary $50k+, but it would be 100% travel. With a wife and kid, being away from home sucks. Plus I just don't have time to get any of my projects done at home. Hell, if we could swing it financially I would totally be a stay-at-home-dad.

Right now I think my biggest hurdle is the house, I just don't have time for work, family, AND DIY maintenance on this place. In retrospect I would have bought a much smaller and less expensive house. It would be in tip-top shape already, whereas here I have projects lined up for years and still won't be done just with the maintenance.
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Unread 2016-03-16, 11:56 PM   #20
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You never get the time with the kids back. Your prime earning years are your 40s anyway. Take the hit now, build a better foundation with your children.

I got lucky and got a more flexible job with better pay, and it has changed my life and my relationship with my 4 yr old son.
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Unread 2016-03-17, 07:42 AM   #21
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I recommend reading this book. It is very applicable to this topic...

http://www.amazon.com/The-4-Hour-Wor.../dp/0307465357
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Unread 2016-03-17, 08:46 AM   #22
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You never get the time with the kids back. Your prime earning years are your 40s anyway. Take the hit now, build a better foundation with your children.

I got lucky and got a more flexible job with better pay, and it has changed my life and my relationship with my 4 yr old son.
Agreed, I love my job but have been decreasing my travel to be home much more. Hurts my chances at advancement a bit, but my home life is so much better.
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Unread 2016-03-18, 07:50 AM   #23
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I appreciate the feedback in the thread. So far she is in the mindset that she won't just switch to switch. No sense in losing the time she has spent where she is at to just go somewhere else just to be in the same position - there are always trade-offs. She is talking with some other companies about positions in upcoming months though. We'll see how it works out. Her career path is an interesting one.
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Unread 2016-03-18, 11:20 AM   #24
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You cannot put a price on family and time to enjoy yourself. For many people, more money means acquiring larger and more extravagant crap to further complicate your life. All that stuff just ends up running your life and can be exhausting to manage. Keep that in mind.
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Unread 2016-10-14, 03:39 PM   #25
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Saw this video the other day. Puts things into a nice perspective for many.

1. Work becomes much more enjoyable and meaningful when you dont need the money.

https://vimeo.com/183016901

video embed doesn't seem to work....
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Video URL: http://www.youtube.com/watch?v=<iframe src="https://player.vimeo.com/video/183016901" width="640" height="360" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>
<p><a href="https://vimeo.com/183016901">WDS 2016: Pete Adeney</a> from <a href="https://vimeo.com/aonc">Chris Guillebeau</a> on <a href="https://vimeo.com">Vimeo</a>.</p>
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