Should I take more time for less money?

[Theodore Stettler]

Background to me: currently 22, a decent amount saved up (60k), and my goal is to own long hold rental real estate then eventually get into flips, airbnbs, and build a business around that. I’m in the position where I have to decide between two jobs, what would you do in my position?

Job 1: 70-90k over the next 3 years, than 100k or more after that, however this comes with 65-70hr work weeks. Construction job, with lots of travel time, it is union so I have good benefits but no pension.

Job 2: I would be returning to my old job, mostly a desk job making 40-45hrs a week. At this job I would be making 65-70k. Decent benefits as it’s a big company and gives the typical 401k match.

With my goal being to be an entrepreneur and own my own business I feel as tho I’d be able to use those 20hrs a week to focus on building what I truly want to do. However with the other job it’s more money, which would obviously help when it comes to down payments, etc, but with the hours I’m exhausted and feel like I have no time. Put in my position which path would you pick? Thank you very much for your time!

[Steve Vaughan]

Don't tell us how much you'll make.  Tell us how much you'll keep. 

What's important is the gap- how much you save.   

High wages but long hours, travel?  No thanks. Unless maybe housing is provided and you can save 80% of your take home so you bust it for 2 years. 

What will be each living  situation?   At home?  Paying rent? High rent?

Focus on the gap so you can invest and get free. When I quit to go full-time REI years ago I only made $39k but my savings rate was high. I know people that make $300k but pay a lot of taxes and can't save a dollar.

Which situation helps you keep more?  That's what really matters.