When evaluating a career opportunity, I think it’s important to consider the “total lifestyle value” of the job or new business – i.e, time consumed, work satisfaction, and pay— and find the right combination for your life goals.
For example, I wouldn’t want to spend 100 hours per week doing something I hate, even if it paid $300k/yr+ because I’d be spending a significant amount of my life being miserable and I wouldn’t have much time to enjoy the $200k/yr.
Conversely, I wouldn’t mind starting a business that could net me $100k/yr if it only required me to work 15 hours per week, even if those 15 hours were miserable. Because 15 hours per week leaves you plenty of time to do what you’re passionate about — and even though it’s only $75k/yr, you actually have time to enjoy it.
Money is only as good as what you spend it on. And life is too short to do shit you hate.
If my favorite thing to do was sit on the couch, I would optimize my life for sitting on the couch. I would minimize my expenses as much as possible (probably by living in a rural area) and find a job that would require the least amount of hours of work to cover my expenses.
If I was offered starring roles in hollywood movies, I would only do one, because it’s not what I’m passionate about. I would do one because it would pay me enough to have the time and money to do what I’m passionate about.
My strategy has always been to spend my time doing what I’m passionate about. I would take a really fun job for less pay. Fortunately what I’m passionate about can potentially be very rewarding.
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