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Those of you who have been working for 10+ years, looking back do you wish you took a job with higher compensation but longer hours, or do you wish you worked a lot less with less money?
Those who have met their financial goals probably wish that they worked less. Those that haven't probably wish they worked more or saved more or invested better. See if you can find a job that is flexible enough that it allows those who want to work more to make more and those who want to work less make less. E.g., work vacations, pick up extra weekends, etc.
Not 10+ years but our group has a lot of flexibility. There are always people who want days off or want to give up weekends so it's very easy to either take more time off or make more money. It's very nice to have a understanding and motivated scheduler.
Those who have met their financial goals probably wish that they worked less. Those that haven't probably wish they worked more or saved more or invested better. See if you can find a job that is flexible enough that it allows those who want to work more to make more and those who want to work less make less. E.g., work vacations, pick up extra weekends, etc.
Instead of the old "Confucius says..." jokes, it will be Dr. Doze says ...This is incredibly sage advice.
Those of you who have been working for 10+ years, looking back do you wish you took a job with higher compensation but longer hours, or do you wish you worked a lot less with less money?
I am going to be in that dilemma. I will be having our first kid soon and will have to take the hit of potentially leaving my PP gig for a less lucrative envision or similar corporate robot job. The job market blows around me and I would likely make 100 to 150k less in a new position, but if I could have guaranteed post call off, flexibility for time off or early day if needed, more time to spend with the kid, then it it should be worth it. We live pretty below our means, so more pay right now means more money parked into investments\savings\etc, and keeping working away while becoming a stranger in family life. It's a hard decision to leave a first job that I am comfortable in with a diverse practice opportunity and step into a place and 'start over.' If I don't leave my current job, my wife will never let me live it down, but if I do leave, I will have to learn to live that I'm not earning my higher potential...
I'm just an employee... They tell me to pound sand and I ask how hard. The admin partners don't listen to reason like that. We have had a few people leave because of wanting better lifestyle and hours and they made no effort to retain.Is it possible to modify your current job in order to work less? You may have more influence over group decisions in you current setting than at an AMC.
very good question. IMHO, the answer is a balance between compensation and quality of life. Every person has his/her own goals in life. Some want money while others want time off. Some want to do their own cases while others prefer to supervise.Those of you who have been working for 10+ years, looking back do you wish you took a job with higher compensation but longer hours, or do you wish you worked a lot less with less money?
As my best friend's dad told him once, "you'll thank me when I'm dead" 😂.like to think that passing on some of my money to my kids as very valuable and worth sacrifice. You may disagree with that philosophy. What I can say is that having money is like a security blanket and allows the older version of myself so many more options that the poor version of me didn't have as a new graduate.
Ok. But the stuff that money buys is real….If you view money as an artificial construct representing the treasuries that it was used to purchase, and supposedly that money originated as a surrogate from a productive effort made by someone/thing, than it is merely representative of productive time.
As the fed's proportion of treasury purchases grows (using money printed and kept on a ledger/balance sheet), the value of said monies steadily diminishes. Investments may grow, being partly real/partly a reflection of inflation.
Will the value of your time be more or less when you are older, no longer in good health, kids gone, etc? Each must consider these factors.
Now whether time itself is an artificial construct goes beyond this discussion. (Stephen Hawking had some fascinating thoughts on the matter).
Moreover, most people at end of their lives won’t say I wish I can work more, so I have more money.
I think people are less likely to respond if they have some regret, but could probably help the most. I have a little regret. I got out and spent more the first 3-5 years with minimal saving, but didn't spend it on anything too memorable. Switched it up and put 10-30% towards savings each month (can't exactly tell you b/c I don't track it exactly). I honestly don't miss any of the extra money or the pointless items. Autodraft investments before you have a chance to see it/spend it. The extra doesn't really buy any happiness. Make trips and family time a priority-building memories. I am set up to retire in early 50's. Don't care to retire, but know that I can if I want to. The quickest way to get ahead is to spend less on stupid stuff (spend less). You will still have tons of stupid stuff and live better than 99% of people. Don't ever feel like it is too late to start making an impact on savings.
TLDR: I would rather have time than money. Even at an average salary, you will still have an amazing lifestyle and retire early if you save 10-20% and invest it.
Are they also chronically short staffed and in a difficult location to recruit?I'm just an employee... They tell me to pound sand and I ask how hard. The admin partners don't listen to reason like that. We have had a few people leave because of wanting better lifestyle and hours and they made no effort to retain.
Nope we're in a good location. And staffing was fine up until the group politics causing people to start leaving and now making us very short staffed.Are they also chronically short staffed and in a difficult location to recruit?
Nope we're in a good location. And staffing was fine up until the group politics causing people to start leaving and now making us very short staffed.
Don’t have kids 🙌🏽, well at least think about it some more. I don’t plan to, but lifestyle bloat is still something to be wary of outside of that.It’s really the spending. The kids etc. I’ve pretty much met my goals within 13 years out. Kids college paid. No debt other than mortgage I can pay off anytime. I pay cars with cash so no loan
but our spending has increased. We used to spend 7-8k total a month on a 35-40k a month income. Now I work less and we spend close to 15-17k a month on a 30k a month salary.
30-40k a year for vacation. Kids activities probably ads another 10-12k. And we send kids to public school.
I’m just coasting off my investments
i use to work 50-60 hours a week with in house calls. Now I work 40-42 hours a week with limited beeper calls. Took a 125-150k paycut but that’s ok. I like sleeping in my own bed. Like my weekends off. Go to soccer/baseball/cheer events.
So load up on ur savings/investments before you have kids. If that’s possible. Than you can coast home.