Looking to air some thoughts/get some advice. Currently weighting two offers as explained below:
Current Job (RE consulting):
Currently I work in RE consulting. Pros of the job are its relatively easy, management is good, job isn't stressful and hours aren't super long, so it gives me the option to pursue side hustles. Really only thinking about leaving for two reasons, 1 to get more pay, 2 to see expand my options down the road (~2 years at the job). Hybrid work life, in the office 2/3 days.
1st Offer (ER at mid-level bank):
Pros of this role would be definitely more pay, however, would probably be more work, more risky in terms of having to produce, more stressful/more time. Could see myself doing this long term but could also see myself getting tapped out after ~5 years. Work would be hybrid.
2nd Offer (Basically ER at a Public Firm/Consulting):
Pros would be more pay, but probably less then 1st offer above. Little bit more stable as it would be in house, probably more work than my current role. Also don't know the exact career path, its more of a newer division. would also be completely remote.
Basic questions are really just thinking about a "good" environment vs going somewhere that might be more stressful but more money? My boss/bosses right now are super chill, so its a great work place. I also weigh if I stay in my current role could I start a more established side hustle (start buying rentals/landlording) and have ownership in my own thing vs going to a company where the time in the job would probably prevent me from doing anything on the side.
Also, I dont have a family right now but plan on having one in the future, so I don't want to make a move right now that could end up being a negative in a few years.
Thanks in advance for anyone's thoughts and advice.
I would say if you have the opportunity to eventually go out on your own without being blocked or restrained, why trade that off when the possibility of low-stress, entrepreneurship is possible?
Problem with trading your current employment opportunity for one that is more stressful, goes with the fact that more stress = aging faster. Your health also suffers drastically in the process. As you get older, it's not about the actual salary, but the hours and stress levels.
Plus, the hours sounds good the way things are now. When you want to establish a family, the time spent available is so important.
thanks for the thoughts, kind of the way I was leaning.
On a very, very micro scale (very micro) I think about it like when Zuckerberg was offered $1B for facebook, he could have took the money, but he had to look where it was going to go.
I'm sure most here understand that the way to wealth is about ownership, and theres those studies about millionaires have multiple streams of income.
Depending on your specific goals and preferences, you could easily look at Zuckerberg's choice and think it was retarded.
There are very few things you can do with $100M that you can't do with $1B. And there are even fewer you can do with $100+B but not with $1B.
Point taken (thats why I said micro level). Would you rather have $1B and have no worries besides which side of your yacht to sit on vs having ~$30B but you have a run a company, everyone kind of hates you, and you have to go in front of Congress once a year.
My point was more, not that these are exact numbers, but $500k is more than $50K and gives you a different lifestyle, just as much as $300K is a different life than $100K.
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