Author Topic: Do you find yourself caring less about salary as your net worth grows?  (Read 16437 times)

aceyou

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Re: Do you find yourself caring less about salary as your net worth grows?
« Reply #50 on: April 29, 2016, 10:26:21 AM »
Yes, before MMM I was searching to make a career switch out of teaching to increase my salary.  Now that I've learned how to reduce expenses and see my net worth growing really fast, I don't feel the need to chase a higher salary...it'll all just take care of itself with a little time.  (Note that I LOVE my job, so it was really only the salary that had me wanting to leave for a while...problem solved!)

libertarian4321

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Re: Do you find yourself caring less about salary as your net worth grows?
« Reply #51 on: April 29, 2016, 11:04:55 AM »
Yup.

The more money I have, the less "of a damn" I give about work/salary.

As my net worth grew, the more concerned I became about working on my terms, not what the corporation wanted.

So I worked less hours, I worked less hard.  Eventually, I refused to work more than 40-hours per week (as a "salaried professional," I was expected to work 45-50 hours per week at a minimum).  None of these things helped me keep up with my peers as far as salary was concerned, and I really didn't care.

Eventually, after FI, I just quit work, because I didn't want to deal with the hassles of fighting traffic every morning.

After 4 years of retirement, I went back to part time (later full time) work ONLY because the company let me set my own hours and work from home with essentially no supervision.  But I get paid far less than I would if I went back to a big consultancy and put in 60-hours/week. 

Which is fine.  Free time and lower stress are far more important to me than an extra 10 or 20K per year.

2Birds1Stone

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Re: Do you find yourself caring less about salary as your net worth grows?
« Reply #52 on: April 29, 2016, 11:25:29 AM »
Still being in the early accumulation phase of the FIRE cycle I care very much about my salary.

This year I will be able to increase my net worth by ~40% from new investment contributions.

Maybe when my stache is large where my annual contributions are <10% of stache size I won't care so much.......for now a high salary is a BIG game changer.