thealimo110
thealimo110 t1_jecep8i wrote
Reply to I make 42k and I work from home 4 out of 5 days a week. I signed a 60k offer onsite 23 miles there and back 45 min, 45 min back. Does this make any sense? by RemarkableCell1859
As others have mentioned, choose the job that's better for your career. You're essentially getting paid the same amount hourly for both jobs (math below). Definitely don't move out if you are comfortable at home. If one job is a clear winner for your career advancement, choose that. Otherwise, I'd stay at the remote job...you never know how bad the unknowns are at a new job (grass isn't always greener).
Assuming no state income tax, $42k and $60k become around $35.5k and $49.4k, so around $14k difference after tax. Subtract gas, car depreciation, etc, it'll be closer to $7k net increase in income ($35.5k vs $42.4k). Effectively 19% more income for 15% more hours (40 hours plus 6 hour commuting vs only 40 hours working).
thealimo110 t1_jecd1e8 wrote
Reply to comment by Gigglefluff7 in I make 42k and I work from home 4 out of 5 days a week. I signed a 60k offer onsite 23 miles there and back 45 min, 45 min back. Does this make any sense? by RemarkableCell1859
A lot of people advocate for moving out whenever possible, but it doesn't make sense for a lot of people.
The question should really be flipped; instead of asking people why they don't want to move out, I think the following question should be asked of people whl do want to move out if they don't need to, "Why do you want to move out and waste money on rent, extra living expenses, etc instead of saving money for a down payment, etc?"
For people who have good relationships with their family, there's no value to moving out, especially if they haven't saved up a down payment.
thealimo110 t1_jecu66d wrote
Reply to comment by blueboot09 in I make 42k and I work from home 4 out of 5 days a week. I signed a 60k offer onsite 23 miles there and back 45 min, 45 min back. Does this make any sense? by RemarkableCell1859
I think you're missing the point. They can buy a small condo instead of rent a small apartment. When it no longer suits them, rent it and move to the next property. What you're advocating is an unnecessary spending of tens of thousands of dollars per year, essentially for no value other than independence.
If OP works (whether remotely or not), they can socialize and network just as easily from an apartment or their parent's home.
As mentioned earlier, the only loss is the supposed value of independence. Your life experiences have led you to formulate your opinion on the value of that. My experience and what I've seen from higher net worth people around me is that people with assets tend not to go this route, and think that the value of this independence is overvalued.
Again, I'm not saying to stay home forever, or to live at home at the expense of moving out of the area for better career prospects. I'm saying that if a person can live for free at home without much sacrifice, it makes sense to me until they can live in an asset and not a liability.