Time or money, we can't have both. I recently interviewed for a new job. It would increase my income by approx. 25%, however, I would have to travel 39 weeks a year Sunday night through Friday afternoon half the weeks and through Thursday night the other half the weeks. Right now I travel around 14 weeks a year. The plus to travel is pocketable per diem so if I eat PB&Js I can pocket 250-300 extra a week. Also when home, my office would be in my house so even my bike would gather dust. I currently telework most days and ride employer subsidized mass transit to the office. I put around 2400 miles on my 13 year old Toyota each year. I figured that the extra would be enough to pay my house off and be ready for retirement in 13 years. Otherwise I figure I will be working for at least 24 more years. Also, I figured that I would have around 8 weeks vacation a year due to credit for Sunday travel and regular time off. So when home I would really not work a whole lot.
Right now I save over 30% of take home in 401k and Roth accounts. The kicker is the new gig includes a 4% extra match above what I already get. I figured that extra kicker at an average of 10% ROI over 24 years is worth around 600-700k. (put the calculator down you nerds, quit trying to figure out how much I make)
Is it worth sacrificing being home for a decade to stay home all day for an additional decade? I am in my early 30s with a wife and a 20 month old girl.
