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Forum » Anyone ever take a new job for more money and regret it?
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Thread: Anyone ever take a new job for more money and regret it?

post 1630334773 02-02-2021, 07:45 AM
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Anyone ever take a new job for more money and regret it?

Basically has anyone ever had a good thing going with a current role, and either via promotion or new employer got a nice little pay bump, but the new people, responsibilities, management, commute, hours, etc. completely offset the benefit from the money - or does the money win every time?


Currently make solid money, aka below the misc poverty line, at ~90k a year. New job offer would be 20-30% more. Sounds insane to potentially not take it, but absolutely love work / life balance at current gig along with some other perks. Worried to mess it up and add longer hours, more travel, commute, etc. Outside of more money to invest, dont really see a lifestyle change at all with a new gig.


Any miscers been in same situation?
post 1630334903 02-02-2021, 07:47 AM
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yes. it's not worth it. follow your gut and be happy. don't risk what you have for something you don't need. you don't know what you have until it's gone.

“You don't really realize what you had until you lose it. That was the greatest job in the world. And I could still be doing it right now.”
post 1630335073 02-02-2021, 07:49 AM
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Yes. FML. Had a cake job took one for 10k more and regretted it for 3 years.
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post 1630335443 02-02-2021, 07:55 AM
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Originally Posted By GordonXXX⏩
yes. it's not worth it. follow your gut and be happy. don't risk what you have for something you don't need. you don't know what you have until it's gone.

“You don't really realize what you had until you lose it. That was the greatest job in the world. And I could still be doing it right now.”
Yea my current gig is both challenging but enough mastery where I’m mostly on auto pilot throughout the day. Can take an hour and a half at lunch to work out and no one cares because of that built in trust.

My first job out of school had an hour each way commute. Lifestyle impact was so bad that I swore to never do anything similar again.

Think my focus should be to use the free time from current jobs to build up income streams on the side (already have 2 rental properties) but man never turned down that much money before
post 1630335833 02-02-2021, 07:59 AM
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If you expect the hours may be longer and its a longer commute it's not truly a 20%-30% pay bump.

I got an offer in July that would have given me a 29.5% bump that I declined because, similar to you, I like my work/life balance, my job, and most importantly the people I work with and my management chain. They gave me a 15% bump a month later and just this month enabled me to work remotely from anywhere permanently. I'd say it has been a good choice.

I don't know where you live but in much of the US a well managed $90k is enough to save well and live very comfortably, money shouldn't really be a concern if you have the lifestyle you want. I wouldn't even consider leaving for less than 25% and that's if the new role was exactly the same or better for my lifestyle simply because it's a huge risk and maybe I'll hate the team. If the role would risk my lifestyle it would have to be a crazy number, 50-100% more.

Only you can decide here though. We don't really know your situation.
post 1630335933 02-02-2021, 08:02 AM
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Will it put you in a new tax bracket?
post 1630336133 02-02-2021, 08:04 AM
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Yup. Left a great job for one 40k more. Was a terrible decision
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post 1630336423 02-02-2021, 08:08 AM
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Not worth it imo, have learned this the hard way.

Work life balance is infinitely more important than 20% more money imo
post 1630337453 02-02-2021, 08:20 AM
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Originally Posted By NextPound⏩
Of course more cash will mean more responsibility. Don’t be scared of work. All that matters is if it’s a step closer to dream gig or not. If it is, take it and learn, if not then look for next step.

I moved up the food chain and each time it was more challenging, but I adapted and learned how to master the job and hours that were crazy to start became reasonable.
Good call out on dream gig haha truth is a lot of people just climb the ladder they are on without thought to that.

Don’t really look to those above me on the hierarchy and think that’s what I want to do next , but also like you said don’t be scared of work. Hate complacency in any aspect of life and don’t want that to creep into work either
post 1630338023 02-02-2021, 08:27 AM
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If you have a job you don't hate or even like and make solid money for your lifestyle, I wouldn't do it just for more money.

"Researchers from the University of the West of England found that a 20 minute increase in round-trip commute time has the same effect on job satisfaction as a 19% reduction in income."

https://www.theladders.com/career-ad...s-like-pay-cut
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post 1630338363 02-02-2021, 08:30 AM
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Happiness vs Money....

Which is more important to you?

But I respect you for at least considering this.
post 1630338463 02-02-2021, 08:31 AM
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Originally Posted By HYDRAE⏩
If you have a job you don't hate or even like and make solid money for your lifestyle, I wouldn't do it just for more money.

"Researchers from the University of the West of England found that a 20 minute increase in round-trip commute time has the same effect on job satisfaction as a 19% reduction in income."

https://www.theladders.com/career-ad...s-like-pay-cut
Damn bro, but i fully believe it from having lived a long commute myself. Absolute hell
post 1630338503 02-02-2021, 08:32 AM
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If I'm happy and make a wage I'm happy with then I wouldn't think about doing something else.
post 1630338843 02-02-2021, 08:35 AM
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Yes, and it's not worth it if you dread having to wake up every morning and going to t a job where you had your coworkers and boss.

I did it when I was an ambitious 20-something to build up my resumé and wealth, but now in my late 30s I value a peaceful work environment a lot more.
Everything I post is satire.
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post 1630338873 02-02-2021, 08:35 AM
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My new job makes me want to shoot myself every night
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post 1630339013 02-02-2021, 08:37 AM
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Yes.

Liking your social situation means so much more than more money.
post 1630340373 02-02-2021, 08:54 AM
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Look at your total compensation package. How are the benefits different? Insurance quality and cost? 401K/Profit Sharing? Bonus plan? There are a lot of additional factors to consider. Your 20% increase could just as easily be 0 or +40%. Also you need to consider your career trajectory. Are you content to stay where you are forever? Do you have career goals? Does changing jobs get your closer to achieving those goals?

I have moved from jobs I enjoyed to jobs I hated for more money, and when I have hated the job, I just find a new one, again for more money. The last promotion I took I really didn't want. I was content with my job. But my decision came down to: Take the promotion, more money, more responsibility and build your career profile or turn the job down and see someone else in that job, who would be my boss. It was a rough first year, but it has turned out better than I ever hoped it would.

Good luck OP, whatever you do.
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post 1630340883 02-02-2021, 08:59 AM
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Originally Posted By knightofday⏩
Not worth it imo, have learned this the hard way.

Work life balance is infinitely more important than 20% more money imo
This.
post 1630340963 02-02-2021, 09:00 AM
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Originally Posted By Fang2⏩
My new job makes me want to shoot myself every night
why?
post 1630343513 02-02-2021, 09:31 AM
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Originally Posted By meanstringbean⏩
Worried to mess it up and add longer hours, more travel, commute, etc.
Can't you clarify this beforehand so there is less ambiguity around it?






Take it from studies on life and happiness OP:
-Greatest variable to a better life is good quality social connections
-Pay above $70k/year generally gives very litte additional happiness in life



If a job hogs all the time and energy away from spending time with your close ones it might be better not to take it
post 1630360683 02-02-2021, 12:48 PM
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And what if the new job is even easier? No way to know for sure without taking it. I will say the best way to get more pay in normal 40 hr a week life is to job hop every 1 to 2 years until you are in the top 1/4 of pay for your title. Then just go cruise control.
post 1630361543 02-02-2021, 12:57 PM
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brb take a job that's 15% more salary
brb lose 401k contributions
brb 1 hour of extra commute daily
brb worse benefits
brb new guy who was hired to fill 2 jobs
brb no stock and worse bonus
brb lol

not always about the actual salary
<HTC>
post 1630362703 02-02-2021, 01:09 PM
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a bump in pay does usually mean more responsibility, and sometimes this may entail staying late or after hours

but you also have to take into account the commute, the benefits, vacation package, on-the-job stress, your personality/fit in the company.

all of that may be hard to determine off the bat, i.e: the on the job stress and whether you will get along with others. Taking on an increasing role and an increasingly difficult job with more responsibility can help you grow in your professional career and could open up your opportunities so you have that to consider.


you can also think of it from the stand point of, how much will 20K a year benefit you and your life personally. IT really isn't an extra 20K year because that will be taxed so maybe closer to 12 to 15K. Will it significantly improve your life, do you have a financial endgame you want to hit? Perhaps retire early? How much will the raise really help you at the end of the day.
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post 1630362913 02-02-2021, 01:11 PM
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post 1630363463 02-02-2021, 01:17 PM
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Yes I had a nice office job with friends, even my SO worked there with me. Together we pulled in over 100k. Some minor **** happened which could have been cleared up with a conversation, instead I talked with someone from a company offering 30k more. I left to the new job. My SO got laid off. My new job worked me to death (nights and weekends) and l was a part of a 30% lay off after a year which means the stock options they gave me meant nothing. And my old job would never take me back, trust me I tried.

Happiness and stability are worth way more than extra money.
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