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re: Money or benefits - which is more important in a job?
Posted on 10/18/19 at 3:17 pm to castorinho
Posted on 10/18/19 at 3:17 pm to castorinho
quote:
Sadly, a lot of people don't know how to put an actual value on the benefits and focus too much on the salary. It costs them in the long run.
^^^THIS x 1000
0
Posted on 10/18/19 at 3:18 pm to PearlJam
quote:
Since you started having good weeks or since you set out on your own. Be honest with the numbers, even conservative, if you are making big decisions that affect your family's future.
Right, that's the dilemma I have. I don't know what to do since I'm still in my first year of my current gig. Do I want to frick over my family by giving up a gig with good income just to be able to have a guaranteed low income? I hate this decision.
Posted on 10/18/19 at 3:18 pm to TDsngumbo
quote:Dont sound so torn to me.
I'm quite happy right now because for the first time in my life I'm enjoying freedom to make my own schedule AND make a lot of money doing it.
Posted on 10/18/19 at 3:18 pm to TDsngumbo
quote:You had 1 week where you made $3,000 after struggling to the point of being on the verge of throwing in the towel. Now after a couple of weeks of solid income you are projecting a substantial income stream into the future. I'm not sure you have a long enough track record of producing income to justify your projections. I have very limited info, but just trying to help you out.
What kind of "track record" would be in my posts to indicate what kind of income I earn?
This post was edited on 10/18/19 at 3:21 pm
Posted on 10/18/19 at 3:19 pm to TDsngumbo
Friends with benefits are better. 75k can get you a lot of friends.
This post was edited on 10/18/19 at 3:21 pm
Posted on 10/18/19 at 3:19 pm to TDsngumbo
quote:
Seriously, probably minimum $75,000 LESS than what I'm making now.
Posted on 10/18/19 at 3:19 pm to PearlJam
quote:
You had 1 week where you made $3,000 after struggling to the point of being on the verge of throwing in the towel. Now after a couple of weeks of solid income, I'm not sure you have a long enough track record of producing income to justify your projections. I have very limited info, but just trying to help you out.
Thus, my dilemma
Posted on 10/18/19 at 3:19 pm to TDsngumbo
75k. Buys a lot of healthcare. And a pretty good IRA.
If you are building a business you get the benefit there too.
If you are building a business you get the benefit there too.
Posted on 10/18/19 at 3:24 pm to TDsngumbo
quote:I guess, but the way you said it out in the op it sounds like you just want people to tell you it's a smart decision not to jump back into the grind.
Thus, my dilemma
It appears more as a justification, than anything. The reality is, no one here can really help you with this choice without you providing a lot of specific personal info.
Generally speaking, I'm concerned you aren't being realistic about your projected income. However, you may be under selling yourself. I'm not really in a position to know. I'm just trying to read between the lines.
Posted on 10/18/19 at 3:28 pm to TDsngumbo
So we're talking ~$75k vs $150k?
How hard would it be to find something comparable to that $75 if you don't jump on this job and then decide next year you're not going to make it on your own?
How hard would it be to find something comparable to that $75 if you don't jump on this job and then decide next year you're not going to make it on your own?
Posted on 10/18/19 at 3:30 pm to TDsngumbo
Whatever works for you. 
Posted on 10/18/19 at 3:41 pm to RogerTheShrubber
Take the job with low pay and great benefits, then hire some college grad that can't find a job to run your other business for 40K/year. Pocket the $35K. Win-win
Posted on 10/18/19 at 3:57 pm to TDsngumbo
The ultimate question is which do you enjoy doing? If you were miserable doing to other, why go back?
Posted on 10/18/19 at 4:07 pm to TDsngumbo
I mean what is it 75k less than
75k less than 250k I think you’ll be ok
75k less than 250k I think you’ll be ok
Posted on 10/18/19 at 4:16 pm to TDsngumbo
If you believe in yourself and feel like what you're currently doing is viable/sustainable if you work at it, you should keep plugging. I can almost guarantee that there will come a time when you're working in an office under someone else'a rules, possibly even a micromanaging type, that you will look back and wonder 'what could have been' if you had just stuck it out. If your wife is already taking care of the insurance coverage then what is the upside? 401K match?
Posted on 10/18/19 at 4:58 pm to TDsngumbo
The average person, especially if they have a family, finds this to be a tough decision with many things to consider.
You aren’t average, considering the $75,000 pay cut is more than most people’s annual salary. With no children, that’s less variables for health things to go wrong and potentially less PTO needed.
You said it yourself, you’re happy now. That’s more important than most people think. You get to enjoy fruits of your labor and working for yourself. Enjoy the money & grind while you can. Find your retirement You can always step away and slow it down with a traditional job/benefits later on.
You aren’t average, considering the $75,000 pay cut is more than most people’s annual salary. With no children, that’s less variables for health things to go wrong and potentially less PTO needed.
You said it yourself, you’re happy now. That’s more important than most people think. You get to enjoy fruits of your labor and working for yourself. Enjoy the money & grind while you can. Find your retirement You can always step away and slow it down with a traditional job/benefits later on.
Posted on 10/18/19 at 5:00 pm to TDsngumbo
I love the ole "we pay less because of our benefits" then cut benefits at a later date strategy.
Posted on 10/18/19 at 5:01 pm to AUCE05
quote:
I love the ole "we pay less because of our benefits" then cut benefits at a later date strategy.
That's when you find something better. Particularly in this economy.
Posted on 10/18/19 at 5:08 pm to TDsngumbo
I wouldn't go into business for myself for less than $5000/w. Take the desk job if $3k is your banner week.
Posted on 10/18/19 at 5:21 pm to castorinho
quote:
Sadly, a lot of people don't know how to put an actual value on the benefits and focus too much on the salary. It costs them in the long run.
Genuinely curious. What “benefits” am I missing out on?
Im in my 20s healthy and contribute max to my 401k that they’ll match and have never needed to see a doctor in my adult life so don’t waste money on paying anything healthcare wise other than what I’m forced to pay on highest deductible plan for insurance.
Just asking cuz outside of 401k match I want more moola any day over “benefits”.
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