5 ms·

Here's the real question. If you are pulling that much, why are you still working? Why not head straight to the beach and live a wonderful life of idle luxury?

jabgrabdthrow 9y ago
Not everyone is depressed or parasitic by nature
- passiveincomelg 9y ago
  How is that "parasitic"? Participating in investment banking, surveillance capitalism, weapons manufacturing and lots of other fields where these salaries are payed are much worse for society than sitting on the beach (IMHO obv).
sharemywin 9y ago
would still take 10 years to get enough money to maintain a beach lifestyle. Then, you have the boredom.
paulcole 9y ago
From what I've noticed, there are 2 answers: 1. The smaller group: People who do retire quietly. You don't hear about them. 2. The larger group: People who are capable of earning that salary are the type who can't just sit at the beach. Much as youth is wasted on the young, wealth is often wasted on the wealthy.
FloayYerBoat 9y ago
...for a few years until the money runs out and your skills have atrophied.
- FilterSweep 9y ago
  It goes away extremely fast.
  - adtac 9y ago
    The skills or the money?
    - kerbs 9y ago
      Yes :)
jordache 9y ago
work @ $300K pre tax for a year == a life of luxury? You from a 3rd world country?
- dx034 9y ago
  Depends on your cost. But If that's >$150k post-tax, a few years of savings can go a long way in lower-cost states. Probably won't work in the Bay Area though.
manacit 9y ago
Because you wouldn't be earning $300k+/y if you headed straight to the beach? You have to do it for many many years to build the amount of wealth you'd need to live a life of idle luxury
- jerguismi 9y ago
  What I know about those who make $300k+/y or more, money is just one part of the motivation that makes them work. The reason they make loads of money is that because they aren't the type that wants to go to the beach to live idle life.
jerguismi 9y ago
> Why not head straight to the beach and live a wonderful life of idle luxury? This might sound nice to many, but for it might be preferable to work on something meaningful as well.
cpncrunch 9y ago
A lot of them do, eventually. Most of these positions are high pressure with a lot of hours. A lot of these people leave this kind of work after 5-10 years and do something more rewarding and less stressful. A guy I know used to be an investment banker but now runs a tea farm on Vancouver Island. There's a lot of those type of people about. If you've never experienced burnout: it's not pretty, and can easily destroy your mental and physical health. At the first hints of burnout, you should get the fuck out!
endorphone 9y ago
Lifestyle inflation, especially if you don't like your job and sometimes spend as a compensation. Many/most making higher incomes have large debts and little savings.
deleted 9y ago
[deleted]
torbjorn 9y ago
Because there is more to life than "happiness"
- francisofascii 9y ago
  "I am happy when I'm unhappy" - a line from the movie, The Big Short
  - torbjorn 9y ago
    An excellent film
dahart 9y ago
There's a decent chance you're above the 70th percentile in the US, and the top 99th percentile globally. You can already afford to go live on the beach, why haven't you done it yet?
jonathanlb 9y ago
Some comments here mentioned that it's more like $180k base salary plus around $130k in options. Depending on where you're living, you'd still need to pay for living expenses (rent, insurance, food, etc.) before amassing a good chunk of change for retirement. So, it's possible that those making that amount of money are putting a good amount away while they work to live that life of luxury where the dollar goes further. It's also very likely that people pulling $300k/year really like the work.

jabgrabdthrow 9y ago

Not everyone is depressed or parasitic by nature

passiveincomelg 9y ago
How is that "parasitic"? Participating in investment banking, surveillance capitalism, weapons manufacturing and lots of other fields where these salaries are payed are much worse for society than sitting on the beach (IMHO obv).

sharemywin 9y ago

would still take 10 years to get enough money to maintain a beach lifestyle. Then, you have the boredom.

paulcole 9y ago

From what I've noticed, there are 2 answers: 1. The smaller group: People who do retire quietly. You don't hear about them. 2. The larger group: People who are capable of earning that salary are the type who can't just sit at the beach. Much as youth is wasted on the young, wealth is often wasted on the wealthy.

FloayYerBoat 9y ago

...for a few years until the money runs out and your skills have atrophied.

FilterSweep 9y ago
It goes away extremely fast.
- adtac 9y ago
  The skills or the money?
  - kerbs 9y ago
    Yes :)

jordache 9y ago

work @ $300K pre tax for a year == a life of luxury? You from a 3rd world country?

dx034 9y ago
Depends on your cost. But If that's >$150k post-tax, a few years of savings can go a long way in lower-cost states. Probably won't work in the Bay Area though.

manacit 9y ago

Because you wouldn't be earning $300k+/y if you headed straight to the beach? You have to do it for many many years to build the amount of wealth you'd need to live a life of idle luxury

jerguismi 9y ago
What I know about those who make $300k+/y or more, money is just one part of the motivation that makes them work. The reason they make loads of money is that because they aren't the type that wants to go to the beach to live idle life.

jerguismi 9y ago

> Why not head straight to the beach and live a wonderful life of idle luxury? This might sound nice to many, but for it might be preferable to work on something meaningful as well.

cpncrunch 9y ago

A lot of them do, eventually. Most of these positions are high pressure with a lot of hours. A lot of these people leave this kind of work after 5-10 years and do something more rewarding and less stressful. A guy I know used to be an investment banker but now runs a tea farm on Vancouver Island. There's a lot of those type of people about. If you've never experienced burnout: it's not pretty, and can easily destroy your mental and physical health. At the first hints of burnout, you should get the fuck out!

endorphone 9y ago

Lifestyle inflation, especially if you don't like your job and sometimes spend as a compensation. Many/most making higher incomes have large debts and little savings.

deleted 9y ago

[deleted]

torbjorn 9y ago

Because there is more to life than "happiness"

francisofascii 9y ago
"I am happy when I'm unhappy" - a line from the movie, The Big Short
- torbjorn 9y ago
  An excellent film

dahart 9y ago

There's a decent chance you're above the 70th percentile in the US, and the top 99th percentile globally. You can already afford to go live on the beach, why haven't you done it yet?

jonathanlb 9y ago

Some comments here mentioned that it's more like $180k base salary plus around $130k in options. Depending on where you're living, you'd still need to pay for living expenses (rent, insurance, food, etc.) before amassing a good chunk of change for retirement. So, it's possible that those making that amount of money are putting a good amount away while they work to live that life of luxury where the dollar goes further. It's also very likely that people pulling $300k/year really like the work.