Reply to Question: would you double your hours for double your pay?

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[quote=Anonymous][quote=Anonymous]Not totally hypothetical - current job is 40 hrs a week and about $200k. Other job is about $400k but likely more like 80 (8 to 8 daily plus a few hours at home, and some weekends).

I struggle with choice here: financially it's a no brainer, but I've always said that being rich means having lots of time more than lots of money. [/quote]

NO. Never.  My uncle, who was very entrepreneurial, told me to never trade time for money.  If you make X widgets, and you get a demand for more, you can make 2x widgets, double your income but it will probably take you only a small amount of extra time.  But if you sell your time for money, the only way to make 2x your money is to double your time.

I was still a kid at the time and didn't really understand his advice and forgot it.  I remembered it the first day at my law firm, when they taught me how to bill every 6 minutes of my time.  I specificially remember thinking, "Oh, so that's what Uncle Larlo meant when he told me not to trade time for money all those years ago!"  Since then, I've had quite a few experiences involving more time/less time working and also more/less money, and I would take the less money/more time any day of the week.

It's amazing that we live in a time and place where we get to choose between these things, and how many people choose to put themselves into a prison of their own making.

Your gut is telling you the right thing, OP![/quote]

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