Anyone give up a high-paying, high-stress job for a significant pay cut?

Discussion in 'Bad Dog Cafe' started by DrGnosis, Dec 8, 2018.

  1. DrGnosis

    DrGnosis TDPRI Member

    Posts:
    48
    Joined:
    Jul 25, 2017
    Location:
    Reading, MA
    Hello fellow TDPRIs...

    Just curious about the experiences of anyone who has been through this. In May I started a new job that paid really well, has great benefits, etc. But I didn't appreciate the pressure, stress, and time commitment that would come with it.

    I have a great wife and two awesome young boys (and a band), and I'm sick of having to give up time with them from working my ass off. I found a new job that pays a decent amount less and will make family finances a bit more tight, but I just don't think the higher pay is worth it. I'm 40 and don't want a heart attack from stress anytime soon.

    Just curious about anybody else's stories who have gone through this or know someone who has.

    Thanks and peace ✌️
     
    stinkey likes this.
  2. Harry Styron

    Harry Styron Tele-Afflicted Silver Supporter

    Posts:
    1,769
    Joined:
    Aug 2, 2011
    Location:
    Branson, Mo
    I did when I was in my mid-30s (1986) and never recovered financially. It did enable me to spent plenty of time with my three kids, who were 5 and under then, each of whom is a happy adult now.

    My leap financially was from a good salary to self-employment, and it took many years for my income to reach where it had been. There were some very lean years.

    Looking back, I probably should have continued looking for a lower stress job with a good, if smaller, salary that would not have required ridiculous hours, before I made the leap. Maybe that's what you did.
     
  3. dented

    dented Doctor of Teleocity Gold Supporter

    Posts:
    10,552
    Joined:
    Apr 17, 2006
    Location:
    I-10 East onramp
    Yep. I worked in banking from right out of college and into my 30's. I worked in Los Angeles. High stress job working with Fed regulators all around. Always was tight in the chest and fatigued because of poor sleep. I didn't own a pair of jeans. I would stay in my suit until time for bed. Made a very good salary. Finally I quit, got lucky and found a job on a sports yacht. Happy as heck living on the ocean and fishing and eventually making almost the same money after 15 years. Retired from that in my late 40s.
     
    DrGnosis likes this.
  4. Chunkocaster

    Chunkocaster Poster Extraordinaire

    Posts:
    9,725
    Joined:
    Aug 10, 2018
    Location:
    In space with Ziggy
    I stopped working all together for a few years and lived off my savings. It was great until the money ran out and I had to start over again.
     
    Toto'sDad, nvilletele and Ira7 like this.
  5. nvilletele

    nvilletele Friend of Leo's

    Posts:
    2,897
    Joined:
    Jul 4, 2008
    Location:
    California
    I did, but it was volunteering for a layoff which would have hit me anyway. Now either unemployed or retired. . . . .
     
    Chunkocaster likes this.
  6. Ira7

    Ira7 Doctor of Teleocity

    Age:
    63
    Posts:
    10,122
    Joined:
    Jan 8, 2008
    Location:
    Coral Springs, FL
    This is how I've lived my life. I'm 62 and about to get my first SS check/payment.

    Unless you really love your job or you're making big bucks...

    Not working beats working every time, and one should never feel guilty about it as long as you're still supporting yourself and family.

    Life is too short, and F***ing off for extended periods of time helps you live longer.
     
  7. 24 track

    24 track Doctor of Teleocity Silver Supporter

    Posts:
    14,990
    Joined:
    Nov 6, 2014
    Location:
    kamloops bc
    I reyired from a 25 yr stint in a high paying government job in managment, the stress levels were 15 out of 10 , with full pension and my 25 year watch
    I now work at a fast pace, High volume grocery store for minimum wages, and I love the work and the people, And most of all Zero, I said Zero stress.
    I get by quite well

    I went back for a quick visit to my old office and all of my peers aged 10 years, people looked burnt, tired , exhausted, I had to leave
     
    Matt G, dented and Chunkocaster like this.
  8. Chunkocaster

    Chunkocaster Poster Extraordinaire

    Posts:
    9,725
    Joined:
    Aug 10, 2018
    Location:
    In space with Ziggy
    True, there's also no guarantee we will all reach retirement age. It would be a real waste to have worked a high stress job your whole life and never experience the joy of just living and doing whatever you felt like every day for a good length of time.
     
    stinkey and 24 track like this.
  9. D_W_PGH

    D_W_PGH Friend of Leo's

    Age:
    43
    Posts:
    3,181
    Joined:
    Aug 28, 2018
    Location:
    Pittsburgh
    I can give you some odds if you'd like :)
     
  10. 24 track

    24 track Doctor of Teleocity Silver Supporter

    Posts:
    14,990
    Joined:
    Nov 6, 2014
    Location:
    kamloops bc
    I actually knew some one who had a high stress job , hung in for the count , retired with all the plans to travel and died 8 months later, now thats a pisser
     
  11. Frank'n'censed

    Frank'n'censed Doctor of Teleocity

    Posts:
    11,811
    Joined:
    Mar 27, 2011
    Location:
    Parts Unknown
    Let’s just say, I’m not working, by choice
     
    Alamo, Tonetele and Chunkocaster like this.
  12. uriah1

    uriah1 Telefied Gold Supporter

    Posts:
    21,428
    Joined:
    Feb 12, 2011
    Location:
    Around
    Friend of ours went from exec it job to driving city bus. Loves it
     
    DrGnosis and Chunkocaster like this.
  13. Chunkocaster

    Chunkocaster Poster Extraordinaire

    Posts:
    9,725
    Joined:
    Aug 10, 2018
    Location:
    In space with Ziggy
    I'd rather not take the gamble. I have had a good few years of retirement already before 50yo. I'll just scale down when the real retirement kicks in. I'm self employed and have worked my own hours and terms for over 20 years now anyway.
     
    D_W_PGH and 24 track like this.
  14. schmee

    schmee Poster Extraordinaire Silver Supporter

    Posts:
    9,429
    Joined:
    Jun 2, 2003
    Location:
    northwest
    I considered it at one time, but generally glad I didn't. But it all depends on the differences of pay, your needs and what's important. Maybe it's not necessary to go down too far to get some time and stress relief?
    The thing is, people at lower levels get stressed too, and being the boss gives you flexibility you may not have at lower levels. Without that, will you still be stressed and short on family time?
    Every situation has so many variables it's hard for anyone to say for you really.
    35-50 YO are probably the biggest career growth opportunities you will have...
     
    MilwMark likes this.
  15. Chunkocaster

    Chunkocaster Poster Extraordinaire

    Posts:
    9,725
    Joined:
    Aug 10, 2018
    Location:
    In space with Ziggy
    It's quite common for hard workers to fall ill or die within a few years of retiring. My first boss couldn't walk for his first year of retirement due to the radical lifestyle change. His body started failing him almost immediately after working physically hard for his whole life. It's a big change after having worked set hours and having lived a certain lifestyle for most of your life. The other thing to consider is that by retirement age we might not be up for some of the things we would have liked to do when we were younger.
     
    Last edited: Dec 8, 2018
    Matt G likes this.
  16. JL_LI

    JL_LI Friend of Leo's

    Age:
    70
    Posts:
    3,042
    Joined:
    May 20, 2017
    Location:
    Long Island, NY
    High pay, high stress, and alcohol and other dependencies go hand in hand. Be thankful every day that you bailed. Your family will never know the hell you may very well have saved them from.
     
    DrGnosis likes this.
  17. Sollipsist

    Sollipsist Tele-Afflicted

    Posts:
    1,166
    Joined:
    Aug 25, 2016
    Location:
    89108
    It's all relative. The "high-paying" job that I left probably paid less than what many people would consider to be their bare minimum subsistence level.

    On the other hand, I'm now getting paid for what I volunteered to do then, so you could call that an infinite increase in pay :D
     
    Chunkocaster and nojazzhere like this.
  18. CK Dexter Haven

    CK Dexter Haven Friend of Leo's

    Age:
    58
    Posts:
    3,435
    Joined:
    Jun 7, 2017
    Location:
    GCDB
    I gave up commuting to the city after 15 or so years, the job wasn’t particularly stressful but the long commute with multiple connections was. Went into teaching for a decade & then gave that up when it changed into something I no longer enjoyed. I havd a vintage instrument shop for a few years and now sell various collectibles at shows, and gig a bit. With a bit of care and bargain hunting you can do it..
     
    Last edited: Dec 8, 2018
    nojazzhere likes this.
  19. nojazzhere

    nojazzhere Doctor of Teleocity

    Age:
    68
    Posts:
    10,439
    Joined:
    Feb 3, 2017
    Location:
    Foat Wuth, Texas
    My father worked HARD all his life, but after several rounds of heart attacks and cancer, he was diagnosed with cancer of the pancreas. He filed for Social Security Disability. Before he passed, he received ONE SS check.....after something like forty-four years of paying into
    SS. So, if you can afford to, I say retire, enjoy your time, and get off the hamster wheel. I retired a little over a year ago at age 65 (two years BEFORE full benefits) and I LOVE it! I'm actually busier than when I worked, but it's all on MY TERMS.
    I would question whether retiring would lead to an early death. The factors you mention could happen if working or retired. At any rate, I would hope anyone would do what they enjoy and can afford to do....;)
     
    Chunkocaster likes this.
  20. Obsessed

    Obsessed Telefied Ad Free Member

    Posts:
    23,248
    Joined:
    Nov 21, 2012
    Location:
    Montana
    I walked away from perhaps the most lucrative, major company to ever work for in my field after 8 years and a management position to a consulting firm with more variety of engineering projects and no corporate politics. One of the best decisions I ever made. I never really considered salary level as an incentive though. More important is enjoying what you are doing.
     
    Greggorios, telemnemonics and drlucky like this.
IMPORTANT: Treat everyone here with respect, no matter how difficult!
No sex, drug, political, religion or hate discussion permitted here.


  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.