[HN Gopher] For high-earning workers, it's hard to break free fr...
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       For high-earning workers, it's hard to break free from 'golden
       handcuffs'
        
       Author : edward
       Score  : 14 points
       Date   : 2024-03-04 21:10 UTC (1 hours ago)
        
 (HTM) web link (www.bbc.com)
 (TXT) w3m dump (www.bbc.com)
        
       | blacksmith_tb wrote:
       | No mention of what seems more likely to me than it being down to
       | prestige or feelings of self-worth: if you're making a fortune,
       | you may well have huge mortgage payments, car payments, expenses
       | related to your children, your parents, etc. 'Escaping' those is
       | likely much harder than finding the confidence to switch careers.
        
         | lapcat wrote:
         | Houses can be sold, especially in this market, a seller's
         | market. Cars can be sold. Children don't need to be spoiled.
        
           | ncgl wrote:
           | Agreed, the original commenter was highlighting how difficult
           | those decisions can be psychologically. I mean, you try to
           | convince your spouse to sell the house and move into a
           | cottage and see how it goes.
        
             | swader999 wrote:
             | Yes, she no like van life.
        
             | lapcat wrote:
             | A "cottage" sounds like an exaggeration, but in any case if
             | your spouse would prefer that you spend endless hours at
             | work rather than home with the family, then you've actually
             | got bigger problems than "golden handcuffs".
        
           | silverquiet wrote:
           | Husbands can be divorced. Alimony/child support can be
           | ordered.
        
       | danlugo92 wrote:
       | Hack to life: Always always aim to only spend 50% of your salary
       | each month.
        
         | charlie0 wrote:
         | Agreed and here's a better hack: Alway aim to only spend 40% of
         | your salary each month.
        
           | bluechair wrote:
           | Agreed and here's a better hack: Alway aim to only spend 39%
           | of your salary each month
        
             | mccrory wrote:
             | Or go for 33% of your salary or even better, live on 1% of
             | your salary... at some point you simply can't make it work
             | unless you are making 7 or more figures. Which then it
             | really doesn't matter anyway. :-/
        
         | barbazoo wrote:
         | That won't protect you from lifestyle creep over the years
         | though.
        
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       (page generated 2024-03-04 23:01 UTC)