Your job affects your lifestyle a great deal. People will tell you they have a good work/life balance but that's not necessarily an indication of how much their job actually impacts them.
The easiest metric to look at here, of course, is income: what you take home at the end of the day will impact your ability to do things like own a home or car, pay for childcare and go on vacation.
Another important metric to consider is time: the 40-hour workweek is no longer typical for people in salaried roles. Even if it were, 40 hours is approximately a quarter of your week. If you're in a job for 60 or more hours every week, you're up in the 35-45% band. Add in things like commute time and you're likely spending significantly less time outside of your job than you are in it. This can have a major impact on your ability to have an enjoyable lifestyle unless your greatest enjoyment is your job - which certainly isn't a bad thing.
It's also important to consider variables like job title - for example, will being in management stress you out in your home life and impact how you interact with friends and family? Will you need to go back to school and get an advanced degree to achieve the role you want five years from now? All important things to consider when you're weighing this very important question.
You might want to consider the next steps I've listed below. Please reply if you want to look at any of these in detail.
Scott recommends the following next steps:
- What do you value most in life? E.g. Family time, vacations, kudos for good work, making a good salary?
- What can't you live without? I have friends who love to golf more than anything - so they need to make sure they can both afford to it and have the time to do it!
- Do you have a dream job? In your perfect world, where do you envision yourself?