However, if you do take the job, avoiding “acquiring spending habits commensurate with your salary” (i.e. living like a middle or lower income person despite a high income) will benefit you in many ways.
- You will retain the choice of going into lower income directions, such as doing a PhD.
- You will start your savings and investment early, so that compound interest has longer to work in your favor, allowing you to join the capitalist class quicker.
- You are more likely to be able to afford your kids' college and your own retirement, and more likely to be able to retire early by choice or if forced out due to age or seniority discrimination.