this post was submitted on 21 Oct 2024
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FIRE (Financial Independence Retire Early)
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Reposting from last week, since I posted late in the week...
What percentage salary increase would it take for you to accept a new job, assuming you are happy with your current job?
At this point you could offer me 500% and I probably wouldn't budge. I'm saving 85-90% of my net salary already, and have reached my coast-fire number, so I really couldn't be bothered to change a running system.
I'm probably closer to 50%. I like my team and all and I'm basically coast-FI as well (should be retired by mid-50s w/o any more investment), so gambling on a new team isn't particularly interesting. I should be FI within 10 years, and a 50% increase in salary would cut that by ~3 years, which isn't a ton, but it's not nothing.
That said, there are some non-monetary reasons I might accept a different job offer:
I could probably get 20% more by switching if I put some effort in, but that would only change my FI date by a year or so, and that's not worth it if I end up hating the team.
My problem is basically every job opening I see gives less PTO than my current role (5 weeks, plus the company is shutdown the week between Xmas and NYD).
Yeah, I might be able to do a little better on PTO, but only by a couple days. We get 3 weeks vacation, 2 days "PTO," and 12 company holidays, which is pretty competitive. I could also negotiate more days if I wanted, but I don't see the point when I can just take unpaid time off at my current job.
But honestly, even then I might not bother switching. I can see the finish line, so I'd prefer to just stick it out instead of gamble.