So now I have a job that pays below market rate but leaves me with a lot more time, in which to write my novels. I have more than enough money - more money won't make me any happier, but less discretional time will certainly make me worse off.
There is no such thing as having money to burn at the middle-class level unless you want to live on peanuts when you're in retirement.
When I say 'enough money' I don't just mean enough money for current expenses. In my opinion, there really is an amount of money beyond which you're probably just adding a measure of unhappiness to your life, if you're making money your first-order objective.
By focusing on money you can actually reduce your overall burden. In my humble opinion this far and away beats taking some low salary job just to get more time.
While you are busy not being concerned about money. I bet your employer is glad to be getting you cheaply.
And with this being both my abs my wife’s second marriage didn’t do us any favors.
My base salary now is the same as it was pre-Covid pay cut and was more than enough to reach our short term needs and slowly meet our long term goals.
The RSUs+Bonus goes straight to long term goals - paying off the mortgage, cash flowing college for my son and saving for retirement.
This is kinda of where I am right now. I still enjoy programming, but its becoming more and more apparent that I should have kept it as a hobby and pursued something else as a career.
That's the thing - this is much easier to do when you're financially independent. If you have kids, and have to put them through school, and maybe have sick parents to care for - costs can add up fairly quickly; and it's easy to find yourself in a position where you can't lose your job, which is a lousy position to be in.
Interesting part is - it can also be easier to choose what you work for when you have more money (or at least that's been my personal experience so far). A different version of the "rich getting richer" dynamic, basically - it's easy to say "no" to stupid things, to avoid or leave crappy jobs. Also if you're highly paid that often means you're listened to/ your voice has some weight - so chances of working on stuff that delights you increase significantly.
(NSFW:Language)
Japanese has a nice word for it, "Ikigai".
I don't mind working. I would just like to do it less. A few years ago I dropped to part-time in order to be in a grad program in CS. I found that 25 hours provided me with the perfect life balance.
What other reason would I go to work everyday?