A $60k/yr job where you spend $10k/yr on housing is better than a $80k/yr job where you spend $25k/yr on housing.
You should consider option values, especially early in your career. It’s easier to move from high paying job in Manhattan to a lower paying job in Kansas City than to do the reverse.
Update the choice by replacing income with the total expected value from job income, social networking, and career options available to you, and the point stands.
You should consider option values, especially early in your career. It’s easier to move from high paying job in Manhattan to a lower paying job in Kansas City than to do the reverse.
Update the choice by replacing income with the total expected value from job income, social networking, and career options available to you, and the point stands.