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Changing jobs during the Great Resignation

adamconrad.dev

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Re: Changing jobs during the Great Resignation

#101

Post by Riseed »

treyfitty wrote: post #39
claudiulodro wrote: post #8

It's wild to me that his way of figuring out what companies to apply for was to make a list of the top-paying ones and just pick the top 10 highest-paying. Is that a common strategy? No thought about product, industry, impact on the world, just $$$. It looks like it worked out for them though, since I guess they got like a million dollar offer, so maybe I'm the one approaching this the wrong way?

I do something like this as a first pass, but prune based on Values. I wouldn’t ever consider Amazon… but at $1MM… that’s kinda “change your values” type money.

I'm not sure there's "change your values" type money for everyone. Though for me, $1MM is enough to consider working for Amazon to attempt to change it from the inside. Perhaps we're saying the same things with different words.

Re: Changing jobs during the Great Resignation

#102

Post by adamsmith143 »

oe wrote: post #52
lelanthran wrote: post #43

"Once I showed the potential salaries to my wife, we both agreed it would be perfectly reasonable for me to ask for 30 minutes of additional “me time” per day to prepare for my next job," What the hell? If he wants 30m to himself each day he needs to clear with his wife? Don't most people get more than 30m free time each day away from their partner? Just what kind of unhealthy relationship is this dude in?

There's rarely a continuous 30min free time slot with a one-year-old running around.

Are you people out there really setting up a daily calendar to deal with childcare?

4:30 - 5:00 Change Diaper 5:00 - 6:00 Bounce on knee 7:00 - 8:00 Contemplate on the poor life decisions that lead to this scenario

Re: Changing jobs during the Great Resignation

#104

Post by brimble »

thwayunion wrote: post #46
ForHackernews wrote: post #32

Earlier quoted context omitted.

Cutting expenses also gets you closer to financial independence: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-si... In fact, it's doubly effective. If you can learn to reduce your expenses by $10k and live happily, not only do you have an additional $10k to save/invest, but you need less each year to live independently.

> If you can learn to reduce your expenses by $10k 1. This is crazy to me. I could maybe cut $3K by taking a huge hit to quality of life (that would probably not be sustainable with a full time job anyways). Getting the other $7K would involve either homelessness or cutting back on eating and visiting family. How do salary earners manage to rack up $10K per year of purely unnecessary expenses? 2. That number is still…

> 1. This is crazy to me. I could maybe cut $3K by taking a huge hit to quality of life (that would probably not be sustainable with a full time job anyways). Getting the other $7K would involve either homelessness or cutting back on eating and visiting family. How do salary earners manage to rack up $10K per year of purely unnecessary expenses?

Cleaning services, vacations, picking the fancy and nice daycare using some trendy educational system (Montessori, unschooling, whatever) instead of the one run out of someone's house in a scary part of town, ordering food delivery, monthly subscription services for all kinds of crap, new car every 2 years instead of a used one every 5 years... the list goes on and on.

Re: Changing jobs during the Great Resignation

#105

Post by notch656a »

jquast wrote: post #99
notch656a wrote: post #58

Earlier quoted context omitted.

Yeah the other issue is if you increase income, your imputed income for child support is now effectively permanently higher. Child support imputed incomes ratchet up with raises, generally not back down. You will never be able to 'relax' back at a slower/less lucrative job because now the judge says pay the higher rate or go to jail. Another way to view it: say you get a pay boost 90k -> 190k. The custodial parent wi…

Please don’t forget about social security, that one year would make up the largest contribution of your social security benefits, and if you worked at least 10 more years after that, the AWI-adjusted Gross Income would drastically increase your Average Indexed Monthly Earnings (AIME). Anyway I don’t see why you wouldn’t use your savings from that first year to lawyer up a case for child support modification, there is…

>there is no law that promises past earnings indicate future earnings.

Strictly no, but this is basically what imputed income does. It's saying you have the capability to earn it. If you actually HAVE earned that amount, it can be extremely difficult to convince a judge that the certainty that you HAVE earned that amount is countered by some vague uncertainty you may not be able to again. Fighting against a known factual salary history with some hand waving about not being able to do it anymore is a hell of a hill to climb. Plenty of anecdotes show people having extreme difficulties lowering child support.

Re: Changing jobs during the Great Resignation

#106

Post by nixass »

toomuchtodo wrote: post #40
ForHackernews wrote: post #32

Earlier quoted context omitted.

Cutting expenses also gets you closer to financial independence: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-si... In fact, it's doubly effective. If you can learn to reduce your expenses by $10k and live happily, not only do you have an additional $10k to save/invest, but you need less each year to live independently.

Some expenses you have no control over (alimony, child support, chronic healthcare costs, elder care come to mind from my circle of associates). Yes, don’t spend frivolously (luxury vehicles, eating out all of the time), but sometimes (at least in tech), you have far more control over the income side of the equation. If you can switch jobs and make $100k/more a year, that’s easier than trying to cut all of your expen…

Not just "huge mmm" but also huge "American problems only"

Re: Changing jobs during the Great Resignation

#108

Post by pianoben »

antisthenes wrote: post #76
hn_user82179 wrote: post #36

Earlier quoted context omitted.

FWIW I assume that's because they parent a 1 year old, and it's important to trade-off on caregiving time.

Not if his wife doesn't work.

Tell me you aren't raising an infant without telling me you aren't raising an infant, lol

Re: Changing jobs during the Great Resignation

#109

Post by roenxi »

claudiulodro wrote: post #8

It's wild to me that his way of figuring out what companies to apply for was to make a list of the top-paying ones and just pick the top 10 highest-paying. Is that a common strategy? No thought about product, industry, impact on the world, just $$$. It looks like it worked out for them though, since I guess they got like a million dollar offer, so maybe I'm the one approaching this the wrong way?

Money is a decent proxy for those things. You'll notice that his list scores pretty well on all those measures for someone with a typical set of moral standards.

It is hard for a financially poor company to have good products/impact.

Re: Changing jobs during the Great Resignation

#110

Post by xedrac »

toomuchtodo wrote: post #28
claudiulodro wrote: post #8

It's wild to me that his way of figuring out what companies to apply for was to make a list of the top-paying ones and just pick the top 10 highest-paying. Is that a common strategy? No thought about product, industry, impact on the world, just $$$. It looks like it worked out for them though, since I guess they got like a million dollar offer, so maybe I'm the one approaching this the wrong way?

Comp is king, everything else is window dressing; only the comp pays the bills and gets you closer to financial independence (wealth is options, options are freedom).

Reminds me of the old story of the King's servant saying to the monk, "If only you'd learn to pander to the King, you wouldn't have to live like a monk." To which the monk replied, "If only you'd learn to live like a monk, you wouldn't have to pander to the King!"
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