Would you rather make $100,000 on 25 hours a week or 400,000 on 45 hours a week?

Keep telling yourself that.

Oh yeah forgot to say that I'm still in school so when i was deciding I was thinking as if I had no kids and lived with a wife, maybe lol.

400,000 on 45 hours per week.

I'd work for 5 years and then never have to work for another day in my life.

$220K for 40 hours a week.

The latter. If there were parts of the 45 hours I didn't enjoy, I'd hire a highly-skilled assistant for $100K or more to take those parts off my plate.

45 hrs/wk is a very easy gig. I would take that and the 400 without thinking twice.

Would work maybe 10 years at 400k and retire

It's not even a question to go with 400k & 45 hours. 45 hour work weeks are not bad at all. In fact, it is mostly the norm in a lot of professions. However, if you were to say 400k with 80 hour work weeks that is an entirely different story. That would be a hard decision.

The guy hiring the assistant for 100k - I like that plan. I'd take that job too haha.

This is like the opposite of the phrase "the lesser of two evils." Two heavenly options here without much correspondence to the real world. Most people bust their butts in training and in kissing butt in the workplace for a long time just to get past 100k a year. 45 hours a week would be a minimum. So you don't mention the costs/effort into attaining qualifications for such "gigs," nor the type of effort/stress of the hours themselves. Either option is absurdly heavenly; can't go wrong.

work and then just chill. wrote:

400,000 on 45 hours per week.

I'd work for 5 years and then never have to work for another day in my life.

You'd lose half to taxes. With taking home $200K, let's say you live modestly on 75K, would only leave $125K to put away. It'd take more than 5 years to be set for life.

Sloppy Joe wrote:

You no wether your making billions.

Sloppy Joe? More like Sloppy Speller.

Taco bell wrote:

work and then just chill. wrote:

400,000 on 45 hours per week.

I'd work for 5 years and then never have to work for another day in my life.

You'd lose half to taxes. With taking home $200K, let's say you live modestly on 75K, would only leave $125K to put away. It'd take more than 5 years to be set for life.

modestly on $75k/yr? here's my modestly on $50k/yr. leaves about $150+K/yr to invest.

apartment - $15,000/yr

food - $12,000/yr

car/insurance/gas - $6,000/yr

weekend entertainment - $6,000/yr

travel/vacation - $3,000/yr

phone/internet - $1,500/yr

other life stuff - $6,500/yr

that leaves $25k and since i'm banging my $100k/yr assistant i know i don't have to pay for her.

Taco bell wrote:

You'd lose half to taxes. With taking home $200K, let's say you live modestly on 75K, would only leave $125K to put away. It'd take more than 5 years to be set for life.

Yeah, if he's a wage/salary earner. If these options come from a more entrepreneurial field--for example, residential real estate investment--then there are ways of offsetting your tax liabilities. ;-)

100k on 25 hours, wouldn't think twice about it.

Quality of life is far more important than money once all needs are met.

Plenty of time to train, travel, etc.

400 on 45 hr/week

work overall fewer years, while amassing lots of money quickly

post script wrote:

400 on 45 hr/week

work overall fewer years, while amassing lots of money quickly

Dang, I work at least 45 hrs a week now, and I don't see 400K/yr! What am I doing wrong?

(I'd take the 400K salary/45 hrs. I'd retire after about 6 or 7 years).

work and then just chill. wrote:

400,000 on 45 hours per week.

I'd work for 5 years and then never have to work for another day in my life.

hahahahahahahhahhahahahah

keep dreaming loser

work and then just chill. wrote:

400,000 on 45 hours per week.

I'd work for 5 years and then never have to work for another day in my life.

Sorry, I spoke too soon.

You plan on dying in 7-10 years, right?

To the opening poster:

400,000 gross is not that much if you have student debt, live in a big city, and have a family.

You may only net $230,000 or so, and it goes quickly if your expenses are high. You also have to account for saving towards retirement and towards buying a home.

With 100,000, you are only netting maybe 70,000.

Imagine that you have the following expenses with a wife and two kids:

student loans: $1,000/month

Rent: $2,500/month

utilities: $200/month

cell phones: $200/month

internet/TV: $100/month

Food: $1,500/month

car payments: $600/month (for two cars)

retirement contribution: $12,000/month

This comes to 87,600 which exceeds your net income, so you would have to cut cots in order to have money for entertainment and other minor luxuries.

Obviously, these are just arbitrary numbers, but my point is that young college students have no concept of the cost of a typical upper middle class American lifestyle.