Five years ago I left my New York law firm job for an in-house position at a tech company. I accepted a 50% pay cut to make the change, and although the reduction in pay was hard to get comfortable with at the time, now, with the benefit of hindsight, I realize that leaving the firm and taking a lower salary was one of the best decisions of my life.
Here’s what I learned after I cut my pay in half.
Making Less Improved My Life
You know what they say about time being more valuable than money? It’s an understatement.
While I was in New York, I worked 60-80 hour weeks and had hardly any time for myself. The evenings, nights, and weekends were reserved for work, and work always came first. I had no hobbies besides coming home at 1 or 2 AM and downing a bottle of wine so I could calm down enough to sleep.