degsme
Council Member
Well here's another way: If you have $10 million in the bank, are you likely to work a 70 hour work week for a year at a job you dislike to earn $1 million more?
OTOH
If you have $100,000 in savings, would you likely work a 70 hour work week for a year at a job you dislike to earn $1 million?
the difference is that in the first case you only add 10% improvement (actually a lot lot less) to the quality of your lifestyle, in the latter case you improve your lifestyle by a factor of 10.
Taxes do not even factor into it.
OTOH
If you have $100,000 in savings, would you likely work a 70 hour work week for a year at a job you dislike to earn $1 million?
the difference is that in the first case you only add 10% improvement (actually a lot lot less) to the quality of your lifestyle, in the latter case you improve your lifestyle by a factor of 10.
Taxes do not even factor into it.