What salary increase is "insane" to say no to?

[Anonymous]

Anonymous wrote:Tbh that’s not that much of an increase if the new role requires much more of him. Careful stepping into big corporate role vs stable mom and pop.

Not the OP but had to comment.. maybe that is not a lot for you.. but for most people that is real money. After taxes it is ~$7k more a month. That is insanely real money.

Not everyone on DCUM is a millionaire.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What's the pay difference and total HHI at current job vs new job?

For me, I wouldnt give up flexibility and time with my kids for more money.

$275 HHI to $410 HHI

It is real change. We get the money is not everything. And agree. This feels different.

NP. I wouldn't take it. $275k is more than enough to meet any financial wants I have. No need to give up quality of life for more money when you're already doing that well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the pay difference and total HHI at current job vs new job?

For me, I wouldnt give up flexibility and time with my kids for more money.

$275 HHI to $410 HHI

It is real change. We get the money is not everything. And agree. This feels different.

NP. I wouldn't take it. $275k is more than enough to meet any financial wants I have. No need to give up quality of life for more money when you're already doing that well.

This. $275k is a lot. Be careful what you’re going to have to give up to get $135k more. Ask me how I know.

[Anonymous]

What will make him happier? I took a similar pay cut and have never once regretted it. Looking at that backwards, but the money certainly wasn't worth my life.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the pay difference and total HHI at current job vs new job?

For me, I wouldnt give up flexibility and time with my kids for more money.

$275 HHI to $410 HHI

It is real change. We get the money is not everything. And agree. This feels different.

NP. I wouldn't take it. $275k is more than enough to meet any financial wants I have. No need to give up quality of life for more money when you're already doing that well.

This. $275k is a lot. Be careful what you’re going to have to give up to get $135k more. Ask me how I know.

Yeah, but his potential ceiling gets A LOT higher at a F100 firm. Sure, he will have to work a lot harder for that extra $135K. But if he does well, he gets promoted in two years and is then +$250K above Mom and Pop, likely with incentive stock compensation.

OP knows if her DH has the potential to rise up to the challenge. The problem with Mom and Pop is that there is no opportunity to make real good money without an ownership share. Mom and Pop's dream is to (1) leave the thriving biz to an heir or (2) sell out to PE for fat stack and leave the employees in the wind. Either way, DH is just a comfortable cog who is at his ceiling and then inflation starts eating into his purchasing power as COL raises don't keep up with the pace.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Tbh that’s not that much of an increase if the new role requires much more of him. Careful stepping into big corporate role vs stable mom and pop.

Not the OP but had to comment.. maybe that is not a lot for you.. but for most people that is real money. After taxes it is ~$7k more a month. That is insanely real money.

Not everyone on DCUM is a millionaire.

That amount could mean earlier retirement or fully funded college/grad school. It's nothing to sneeze at.

[Anonymous]

I am a person who knows how to play the corporate game and adjust to different work environments. I would move for $100k more in base comp, similar or better bonus percentage, and a direct manager I wanted to work for. That last part is important.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the pay difference and total HHI at current job vs new job?

For me, I wouldnt give up flexibility and time with my kids for more money.

$275 HHI to $410 HHI

It is real change. We get the money is not everything. And agree. This feels different.

NP. I wouldn't take it. $275k is more than enough to meet any financial wants I have. No need to give up quality of life for more money when you're already doing that well.

This. $275k is a lot. Be careful what you’re going to have to give up to get $135k more. Ask me how I know.

This.

Make sure he really knows what he is getting into. Interest in retaining employees will be very different at a F100 v mom and pop. So will culture of work life balance, backstabbing, travel, need to keep up with the Joneses…

I made this move. Negotiated to leave within a year. Although the extra money was lovely and I learned a lot, I’m not sure it was worth it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the pay difference and total HHI at current job vs new job?

For me, I wouldnt give up flexibility and time with my kids for more money.

$275 HHI to $410 HHI

It is real change. We get the money is not everything. And agree. This feels different.

I would take it.

Absolutely take it.

[Anonymous]

No risk, no reward. Go for it.

It’s important to stay fresh and challenge yourself. Sounds like a great opportunity. Change is good!

[Anonymous]

You do realize that for that amount of money, they are going to own his a##. The corporate politics will be way more intense and the folksiness of the mom and pop goes away. Some people are hard core corporate gunners who love the game. Which is he?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Tbh that’s not that much of an increase if the new role requires much more of him. Careful stepping into big corporate role vs stable mom and pop.

Not the OP but had to comment.. maybe that is not a lot for you.. but for most people that is real money. After taxes it is ~$7k more a month. That is insanely real money.

Not everyone on DCUM is a millionaire.

Yes, it is real money. Agreed.

But if it requires significant more time it could not be worth it. They’re at an income level where they need to consider this. There isn’t going to much of the 7K leftover if lack of flexibility requires a FT nanny for example.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tbh that’s not that much of an increase if the new role requires much more of him. Careful stepping into big corporate role vs stable mom and pop.

Not the OP but had to comment.. maybe that is not a lot for you.. but for most people that is real money. After taxes it is ~$7k more a month. That is insanely real money.

Not everyone on DCUM is a millionaire.

Yes, it is real money. Agreed.

But if it requires significant more time it could not be worth it. They’re at an income level where they need to consider this. There isn’t going to much of the 7K leftover if lack of flexibility requires a FT nanny for example.

+1. It isn’t a lot if expenses will go up dramatically because he will no longer be able to pitch in the way he used to. I’d think carefully about this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the pay difference and total HHI at current job vs new job?

For me, I wouldnt give up flexibility and time with my kids for more money.

$275 HHI to $410 HHI

It is real change. We get the money is not everything. And agree. This feels different.

NP. I wouldn't take it. $275k is more than enough to meet any financial wants I have. No need to give up quality of life for more money when you're already doing that well.

275k is enough until owner decides to sell to PE. Then you can try your luck job hunting as current age + 8 years older.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What's the pay difference and total HHI at current job vs new job?

For me, I wouldnt give up flexibility and time with my kids for more money.

$275 HHI to $410 HHI

It is real change. We get the money is not everything. And agree. This feels different.

NP. I wouldn't take it. $275k is more than enough to meet any financial wants I have. No need to give up quality of life for more money when you're already doing that well.

275k is enough until owner decides to sell to PE. Then you can try your luck job hunting as current age + 8 years older.

The hold for most PEs are 3-5 years.