U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Work and Employment
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 09-08-2015, 02:06 PM
 
Location: West of the Rockies
1,112 posts, read 1,783,457 times
Reputation: 1074

Advertisements

To cut to the chase: I was making $70,000/yr in my last job and I recently accepted a job for $15/hr. And no, I'm not a retiree who's just taking a job for fun or side cash. This is what I depend on. It's a long story how I whirlwinded into this position. But I'm curious to know if any of you have ever went from having a very high paying job to a very low paying job? What were the biggest challenges for you in terms of lifestyle? Were you happier?

I'm not asking for advice or anything. I just want to hear stories.
Reply With Quote Quick reply to this message

 
Old 09-08-2015, 02:50 PM
 
6,965 posts, read 10,853,538 times
Reputation: 7450
How much of a paycut would you be willing to take to change careers?

Only 2 responses. It's not something that's all that common for sure.
Reply With Quote Quick reply to this message
 
Old 09-08-2015, 04:27 PM
 
81 posts, read 134,879 times
Reputation: 185
I don't think the vast majority of people would take a paycut from $70k a year to $30k unless they just completely hated what they do and what the job entails. Especially in high COL areas.
Reply With Quote Quick reply to this message
 
Old 09-08-2015, 04:40 PM
 
9,118 posts, read 3,722,434 times
Reputation: 13435
I don't consider 70k to be all that high paying, but a cut of 50% is a big cut regardless.

were you living on the full 70k? I mean if you lived on 30k, there should be no difference to lifestyle
Reply With Quote Quick reply to this message
 
Old 09-08-2015, 05:06 PM
 
Location: NYC
2,724 posts, read 2,869,692 times
Reputation: 4685
People usually only do this out of necessity so I doubt happiness plays too much into it.
Reply With Quote Quick reply to this message
 
Old 09-08-2015, 08:32 PM
 
1,399 posts, read 1,084,001 times
Reputation: 2052
I went from roughly $70k as a civil engineer to $20/hr as a Math tutor. Sucked. I had to give up some expensive sports and had to relocate back to a the city I grew up in, which I hate beyond measure.

It worked out though. I met my wife, am going back to school for something that I actually enjoy and I've actually come to like the freedom of being my own boss as a tutor.
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 12:30 AM
 
Location: Planet Woof
2,969 posts, read 3,202,589 times
Reputation: 8910
Yeah, because due to budget cuts, outsourcing, multiple lay offs/reductions in force, position eliminations, age discrimination, over-saturation, and the restructuring of health care there are very few jobs , very many applicants, and most way younger THAN ME in the field I used to work in.
So I work for way less doing something else. That ''something else'' is part-time, sometimes contract work, and part self-employment. Anything to survive.
But you know what? I am much happier and have learned to live frugally.
It's a good thing because the days of having a ''high paying'' job are over for me.
But I do have a lot of free time to spend as I wish and time trumps money everytime at my stage of life.
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 01:01 AM
 
Location: home state of Myrtle Beach!
6,235 posts, read 18,152,183 times
Reputation: 3420
Quote:
Originally Posted by FeelinLow View Post
Yeah, because due to budget cuts, outsourcing, multiple lay offs/reductions in force, position eliminations, age discrimination, over-saturation, and the restructuring of health care there are very few jobs , very many applicants, and most way younger THAN ME in the field I used to work in.
So I work for way less doing something else. That ''something else'' is part-time, sometimes contract work, and part self-employment. Anything to survive.
But you know what? I am much happier and have learned to live frugally.
It's a good thing because the days of having a ''high paying'' job are over for me.
But I do have a lot of free time to spend as I wish and time trumps money everytime at my stage of life.
I did it to move from Chicago to SC. We moved for family because my late husband was unable to handle cold and snow as he got older. My story is quite like yours, FeelinLow, and I expect it to continue just as you've described. I've got 5 years before I can collect my husband's social security and I think I can make it in this state on what I'll be getting when I turn 60. As long as the bills are paid and there is food in the house, I can live this way and be happy doing it. If I can get to the beach a few times a year, it will all be worth it.
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 07:39 AM
 
Location: Over yonder a piece
3,761 posts, read 4,304,922 times
Reputation: 5982
I got laid off in 2009 and when I finally got a job 11 months later, it was with a 30% paycut. But by that point we were used to having less money, and had made the necessary adjustments while I was receiving unemployment payments and working freelance whenever I could. So when I got the permanent job, the only difference was that now I had benefits again.
Reply With Quote Quick reply to this message
 
Old 09-09-2015, 01:14 PM
 
Location: Planet Woof
2,969 posts, read 3,202,589 times
Reputation: 8910
Yes, I plan to draw my SS early in 1.5 years and still keep working part-time. This will be like winning the lottery in our household!
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Work and Employment
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top