Emily Hayes, a former lawyer incomes a considerable $370,000 (about Rs 3.1 crore) per yr, made a daring profession transfer that concerned a big monetary sacrifice. After experiencing burnout and an emotional breakdown because of the demanding nature of her job, she determined to prioritize her well-being over her profitable profession. Ms Hayes transitioned to the tech trade, accepting a place with a considerably decrease wage of $220,000 per yr (about Rs 1.9 crore). This choice, whereas difficult from a monetary standpoint, has allowed her to pursue a extra fulfilling profession path and prioritize her psychological well being.
“Working at a legislation agency could make your life so unpredictable. You possibly can by no means depend on free time within the evenings or logging off earlier than 10 pm. I believe you actually have to like the work you are doing to make that trade-off of your time really feel value it,” Hayes advised CNBC Make It.
Reflecting on the poor work-life steadiness in her earlier job, she shared, “I felt like I had to decide on between assembly the expectations of my job and being there for the folks I really like in the best way I needed to. The stress between the 2 left me panicked.”
Nonetheless, transitioning to a considerably smaller paycheck got here with its personal set of challenges. Hayes admitted to the outlet that adjusting to the six-figure pay reduce was “a lot more durable” than she had anticipated. Whereas her earlier earnings allowed her to “spend with out a lot thought or stress,” she now has to stick to a strict funds.
Final yr, Ms Hayes began making content material for TikTok and documented her budgeting efforts. “I am actually lucky that I nonetheless make sufficient to dwell comfortably,” she advised the media outlet.
“The most important change with this pay reduce has been shifting my mindset round cash,” Hayes defined. “I spotted I wanted to consider carefully about my purchases, even after they did not appear extravagant.”