$500k IBD role vs $50k part-time job
I'm a seniora top bank, my total comp is around $400-500k and is expected to increase every year especially if I make it to VP level which earns around $700k at my bank.
I've already been told I'm on track for VP so things are going good but I have been feeling very burnt out, I'm good at my job and my work life / hours are good (relative to other bankers) so I'm not burnt out in the sense of hours but I just can't be bothered to work anymore and need a break. I want more of a "chill" life where I can just wake up whenever I want, go to the gym whenever I want, play video games and spend time with family and friends.
I spoke to a friend about this who works at an early stage tech start up and funnily enough they were hiring for a role and offered it to me which is a $50k part-time job. It's a really chill and easy role with only 2 hours work per day (including weekends) and it's fully remote from home.
I really want to accept this but don't know if I'm just being a lazy idiot throwing away an incredible $500k career that'll eventually lead to a $1m+ MD role in the future. Plusis crazy so 10 years ago $50k was survivable but today $50k is absolutely nothing and various google searches state that $50k is basically a very poor minimum wage for the bottom earners which will get you no where in life with current inflation.. but it is only 2 hours per day so gives me that chill life I really want so feel this is the right move for me but need some advice.
Just to give context on my current cash buffer savings I unfortunately, despite my high income, haven't got any cash saved up - my spending over the years has been extremely high as I rent a really nice apartment, travel a lot, go out partying spending a lot on alcohol etc.. I did have a savings account which grew nicely over the years but sadly I lost everything in the market crash.. it's literally down 96% at the time of writing this post (not joking) so if I take this job I have no cash buffer to continue my current lifestyle and so my life will shift dramatically and I may need to move back in with parents for a while or to somewhere with a super cheap cost of living.