Author Topic: Moving + New higher paying job  (Read 2707 times)

sj16

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Moving + New higher paying job
« on: August 06, 2015, 05:35:26 PM »
Hi Everyone,
What would you do if you were in my position?
Currently at a moderately stressful job at $85K+$4K bonus at year end ($89K). A recruiter called a few weeks ago for a position that will be more stressful & bit longer hours at $95K+~20% bonus ($114K, achieving my 6 figure goal). However, we're moving to a town about 1.5 hrs away from both positions at the end of the year. My current position may let me work from home twice a week but the second, higher paying position definitely won't.

Would you:
1. Stay the current job, and see if I can get a more flexible arrangement closer to the moving date
2. Take the higher paying job and commute (??) every day? (there is a train line with about 1.45hrs commute eacj way)
3. Stay the current job, and slowly look for a job closer to the town we're moving to. But this option will most certainly result in a position with a lower pay, more so than the current position given the industry market.

*As a side, we have a 1.5 yr old daughter and may expand the family within the next year or so (feeling overwhelmed).

Any advice will be appreciated!!

Valetta

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Re: Moving + New higher paying job
« Reply #1 on: August 06, 2015, 05:42:43 PM »
Why are you moving so far away from the available jobs?

Thinkum

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Re: Moving + New higher paying job
« Reply #2 on: August 06, 2015, 05:52:06 PM »
To me, stress is never worth the money. If you do the math, those "longer hours" will be eating away a lot of that new financial gain. It seems you are more enthralled with the idea of making 6-figures. I would ask you though, what is it really worth? You have a little child who most likely doesn't see you enough during the work week and you're looking to have another. Do you really want to have a more stressful, more time consuming job, and a ridiculous time consuming commute?

sj16

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Re: Moving + New higher paying job
« Reply #3 on: August 06, 2015, 05:59:18 PM »
Why are you moving so far away from the available jobs?

Because the area we're moving to has excellent public schools, closer to families and housing price is somewhat attainable for us. Where we currently reside (900 sq ft condo) the only option is private school and a decently sized house is so ridiculously priced and so we're priced out.

sj16

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Re: Moving + New higher paying job
« Reply #4 on: August 06, 2015, 06:02:31 PM »
To me, stress is never worth the money. If you do the math, those "longer hours" will be eating away a lot of that new financial gain. It seems you are more enthralled with the idea of making 6-figures. I would ask you though, what is it really worth? You have a little child who most likely doesn't see you enough during the work week and you're looking to have another. Do you really want to have a more stressful, more time consuming job, and a ridiculous time consuming commute?

No, no that's why I'm more and more leaning against this option. I would feel so bad for my baby since I'll be out practically the whole day. With current job, I'm home by 5:30 at the latest. I guess it kinda sucks to take a pay cut especially with soon to be rising expenses. My dream would be to be able to work from home 2-3 times a week..

Valetta

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Re: Moving + New higher paying job
« Reply #5 on: August 06, 2015, 06:08:06 PM »
That commute wouldn't be worth it to me. I've had a long commute before, and I said "never again" when I was done with it. It sucked the life out of me.

You could get a new job closer to the new house and take the pay cut. Then with the time you are saving in NOT having a commute, start up a side hustle that you can work on after the kids go to bed.

JLee

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Re: Moving + New higher paying job
« Reply #6 on: August 06, 2015, 06:08:18 PM »
To me, stress is never worth the money. If you do the math, those "longer hours" will be eating away a lot of that new financial gain. It seems you are more enthralled with the idea of making 6-figures. I would ask you though, what is it really worth? You have a little child who most likely doesn't see you enough during the work week and you're looking to have another. Do you really want to have a more stressful, more time consuming job, and a ridiculous time consuming commute?

No, no that's why I'm more and more leaning against this option. I would feel so bad for my baby since I'll be out practically the whole day. With current job, I'm home by 5:30 at the latest. I guess it kinda sucks to take a pay cut especially with soon to be rising expenses. My dream would be to be able to work from home 2-3 times a week..

Did you ask? We have very, very few people that work remotely in my office, but I told my boss I wanted to work from Canada for the summer and he agreed. Soooo, you never know unless you ask!

Brilliantine

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Re: Moving + New higher paying job
« Reply #7 on: August 06, 2015, 06:51:04 PM »
If you didn't go further than the recruiter call, you don't really have a decision to make around that new job. I'd say, go through the interview process and see if they offer you the job. If they do, take that offer letter to your current workplace and ask for a matching salary and multiple days/week telecommuting privileges.

But really, I don't know your entire situation, obviously, but moving way out because there are better schools for your 18 month old's sake is not very smart.

If I may be so bold, I say:
Let go of the little details. Schools, etc. should not factor into where you live. "Tiny detail exaggeration syndrome" is a real thing. (MMM coined that)
Get the better paying job (increase your income during boom times as MMM puts it)
Move closer to the better paying job where you can walk or bike to work and, therefore, liberate resources (time spent during commuting, money spent on car, gas, etc.) and redirect those resources towards your happiness: Save the money, spend the extra time with the family.

sj16

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Re: Moving + New higher paying job
« Reply #8 on: August 06, 2015, 07:34:48 PM »
That commute wouldn't be worth it to me. I've had a long commute before, and I said "never again" when I was done with it. It sucked the life out of me.

You could get a new job closer to the new house and take the pay cut. Then with the time you are saving in NOT having a commute, start up a side hustle that you can work on after the kids go to bed.

Yes, the most I've ever commuted to work is 30min tops with rush hour traffic. I would love to start some sort of "side hustle"? Any tips???

sj16

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Re: Moving + New higher paying job
« Reply #9 on: August 06, 2015, 07:38:57 PM »
To me, stress is never worth the money. If you do the math, those "longer hours" will be eating away a lot of that new financial gain. It seems you are more enthralled with the idea of making 6-figures. I would ask you though, what is it really worth? You have a little child who most likely doesn't see you enough during the work week and you're looking to have another. Do you really want to have a more stressful, more time consuming job, and a ridiculous time consuming commute?

No, no that's why I'm more and more leaning against this option. I would feel so bad for my baby since I'll be out practically the whole day. With current job, I'm home by 5:30 at the latest. I guess it kinda sucks to take a pay cut especially with soon to be rising expenses. My dream would be to be able to work from home 2-3 times a week..

Did you ask? We have very, very few people that work remotely in my office, but I told my boss I wanted to work from Canada for the summer and he agreed. Soooo, you never know unless you ask!

Not yet. I'm thinking of asking closer to the moving date, hoping they'd be more flexible than to actually replace my position. In the meantime, I'm doing my best here and be as "indispensable" as I possibly can be to my boss. :)

sj16

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Re: Moving + New higher paying job
« Reply #10 on: August 06, 2015, 07:49:24 PM »
If you didn't go further than the recruiter call, you don't really have a decision to make around that new job. I'd say, go through the interview process and see if they offer you the job. If they do, take that offer letter to your current workplace and ask for a matching salary and multiple days/week telecommuting privileges.

But really, I don't know your entire situation, obviously, but moving way out because there are better schools for your 18 month old's sake is not very smart.

If I may be so bold, I say:
Let go of the little details. Schools, etc. should not factor into where you live. "Tiny detail exaggeration syndrome" is a real thing. (MMM coined that)
Get the better paying job (increase your income during boom times as MMM puts it)
Move closer to the better paying job where you can walk or bike to work and, therefore, liberate resources (time spent during commuting, money spent on car, gas, etc.) and redirect those resources towards your happiness: Save the money, spend the extra time with the family.

Thank you for your advice. No I don't have the offer yet but I'm doing my final round on Monday and they seemed very interested, knowing my min salary requirements. If offered I'd need to make a decision right away. I'm unsure if I want to counter the current with matching pay and flexibility. I'd be more than happy with just the work from home deal..

In terms of moving/schools, this is definitely the best decision we'll make for our family in the long run. We've been at this topic for the last couple of years and we're very happy with this decision. 

tooqk4u22

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Re: Moving + New higher paying job
« Reply #11 on: August 07, 2015, 02:32:41 PM »
So potentially 3 hour round trip commute, more work hours, and more stress.....all for an extra $10k guaranteed and maybe an extra $25k if bonuses are factored in.....and this before factoring the commuting costs and taxes on the extra income (not to mention the intagible costs to health, life, etc.).......no f'in way.  And I am not like everyone else here who lives in fantasy land of "oh just live or move closer blah blah blah" although I have almost always lived fairly close to my jobs but sometimes like when to people live together but work in different directions its not always possible.

However, you are in a position where you already live closer so my thought would be to take the higher pay, stay where you are at (your kid is only 1.5 so school isn't really an immediate concern), stash as much as possible and then move out to wherever and afford to take a closer lower pay job if needed and get your life back. 

MayDay

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Re: Moving + New higher paying job
« Reply #12 on: August 07, 2015, 03:19:16 PM »
I'm all for living in a good school district, but you don't need to move and do that commute until your kid is starting Kindegarten. 

If you just want to move for other reasons, stick with whatever job lets you work from home 3 days a week or more.  Don't move until you find one.
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AZDude

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Re: Moving + New higher paying job
« Reply #13 on: August 07, 2015, 03:36:05 PM »
You would have to be insane to commute 2 hours one way each day. I commute 45 minutes and fucking hate my life M-F(slight exaggeration).

Valetta

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Re: Moving + New higher paying job
« Reply #14 on: August 08, 2015, 07:22:14 AM »
That commute wouldn't be worth it to me. I've had a long commute before, and I said "never again" when I was done with it. It sucked the life out of me.

You could get a new job closer to the new house and take the pay cut. Then with the time you are saving in NOT having a commute, start up a side hustle that you can work on after the kids go to bed.

Yes, the most I've ever commuted to work is 30min tops with rush hour traffic. I would love to start some sort of "side hustle"? Any tips???

Not personally a ton of tips no, I consider myself an extreme newbie at the side hustle. We own a rental property that we spent the last year fixing up and is now rented out so that's been our "side hustle" for the last year, but we don't have children. But that is very different than starting a business from home a few hours a night I think and you need start-up cash.

I've thought about trying to set myself up on Fiverr, Elance, etc. to do some writing/editing gigs since that's similar to what I do for a day job and I've read a bit about it. My husband has done some research into starting an etsy store to sell the soap that he makes already and we just give away for gifts. But the possibilities are kind of endless, I've heard of all different things reading different personal finance blogs and sites.

My dad buys low and sells high on craigslist/ebay etc. and is quite successful at it - he's retired now but he did it when he was working full time too. I think that business works best if you have something you are really passionate about already (for my dad it's hunting, snowmobiling, Corvette, Harley memorabilia) so that it's fun for you to track down the deals and you know the market. Even when my dad was working full time I think he made at least $5,000 per year in profit and it was just a few hours after dinner. Now it's a lot more since he has more time to spend and is willing to spend time driving across the state to pick something up in person.