Would You Rather Work 20hrs wk. earning 150K yr. or Work 60hrs wk. and earning $500K yr ?

71 replies
You know I think it is ALWAYS interesting and fun to take a look at other folks and how they view Life and how or what they consider to be enriching and fulfilling in their journeys in Life.

Especially when it relates to the quality of Life and the number of hours and freedom that they can choose to have in that Life

So let's hear it ...would you rather work 20hrs a week and earn a healthy 150K a year or work 60hrs a week and earn over 500K a year ?

This is no test, or no wrong or right answer.

Just for fun


- Robert Andrew
#$500k #150k #20hrs #60hrs #earning #work
  • Profile picture of the author Christian Hughes
    60 hrs and 500k per year just because id get really bored if I only worked 20 hours
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  • Profile picture of the author mjon34
    If I had a family I would work 60 hours but I take care of myself so 20 hours a week making that much a year is good with me.
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  • Profile picture of the author Isaiah Jackson
    Originally Posted by discrat View Post

    You know I think it is ALWAYS interesting and fun to take a look at other folks and how they view Life and how or what they consider to be enriching and fulfilling in their journeys in Life.

    Especially when it relates to the quality of Life and the number of hours and freedom that they can choose to have in that Life

    So let's hear it ...would you rather work 20hrs a week and earn a healthy 150K a year or work 60hrs a week and earn over 500K a year ?

    This is no test, or no wrong or right answer.

    Just for fun


    - Robert Andrew
    60hrs a week, easy.

    OR...

    120hrs a week for $1MM - who needs sleep lol

    Isaiah Jackson
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  • Profile picture of the author JustAnotherOwl
    I'd take 20/150k. In general I keep my living costs down so I can have more free time.
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  • Profile picture of the author JensSteyaert
    150K per year? That's not realistic for 80%+ of the world's population

    So yeah i would take that and only work 20 hours per week, who can get bored???
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  • Profile picture of the author iAmNameLess
    It's actually a very tricky question. As someone that's worked extremely long hours, like 80+/week, I can say that the money isn't worth it like I expected.

    If this question would have been asked 6 months ago, I would say that 60 hours a week sounds great, since it was less than what I was working.

    Now... money is just one part of life, and working yourself to death to get it just doesn't make sense. I'd much rather have 20 hours for 150k than 60 for 500k.
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  • Profile picture of the author pin9211
    60 hour/week to earn 500k a year would be my choice because I want to be one of the kind.
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by discrat View Post

    So let's hear it ...would you rather work 20hrs a week and earn a healthy 150K a year or work 60hrs a week and earn over 500K a year ?
    Ooh, 60 hours for over $500k, "of course" - no contest.

    That's an investment, and enables you to put large amounts of money aside into income-producing assets and therefore effectively to increase your earning-rate, in future.


    .
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  • Profile picture of the author Tom Addams
    I only have to work 60 hours a week? Where do I sign up!

    Being a workaholic, the income I generate rarely influences how many hours a week I spend working; the trick, for those less inclined to plonk down for hours on end at their desk, is to outsource. I'm a huge fan of professional staff. I couldn't manage without their help, in fact.

    GRM
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    • Profile picture of the author discrat
      Originally Posted by Get Rich Methods View Post

      I only have to work 60 hours a week? Where do I sign up!

      Being a workaholic, the income I generate rarely influences how many hours a week I spend working; the trick, for those less inclined to plonk down for hours on end at their desk, is to outsource. I'm a huge fan of professional staff. I couldn't manage without their help, in fact.

      GRM
      Sounds like your working a regular job with limited flexibility and Freedom
      Glad we have people in this World like you who love this... Better you than me
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      • Profile picture of the author Tom Addams
        Originally Posted by discrat View Post

        Sounds like your working a regular job with limited flexibility and Freedom
        Glad we have people in this World like you who love this... Better you than me
        How bizarrely unpleasant of you. LOL

        You may find that when you become highly successful, you end up with less time that you'd expect.

        GRM
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  • Profile picture of the author miklanderson2
    60 hours per week for about 10 years for 500K, then 20 hour weeks for 150K per year after that with plenty of money in the bank!
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  • Profile picture of the author x3xsolxdierx3x
    I think anyone's answer here will depend where they are, in their life, when they are posed with the question.

    I'm still fairly young, but, back when I was 18, this would have been a no-brainer (60hrs/500k/yr).

    With age, though, I think people come to place alot of value in TIME.

    There comes a point where you aren't willing to trade time for money.

    Right now, I'd have to says 20hrs week/150k/year.

    We might be out of reach of the toys of the UBER wealthy, but, 150K/year/20hrs week would be more than I would need to live comfortably, and ensure a huge amount of time with my wife and son.
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  • Profile picture of the author Shri Gp
    20hrs a week is my choice
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    • Profile picture of the author Frank Donovan
      I suspect that many of those opting for 60hrs/500k are on the young side. As you get older, you tend to appreciate the pricelessness of your time.

      Mind you, you also learn the power of leverage and building assets - and that your earnings needn't (and indeed, shouldn't) be a factor of how much time you spend working.

      But the OP didn't ask that.


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      • Profile picture of the author discrat
        Originally Posted by Frank Donovan View Post

        I suspect that many of those opting for 60hrs/500k are on the young side. As you get older, you tend to appreciate the pricelessness of your time.

        Mind you, you also learn the power of leverage and building assets - and that your earnings needn't (and indeed, shouldn't) be a factor of how much time you spend working.

        But the OP didn't ask that.


        .
        I totally have to agree.

        When you get older and you see more and more Lives around you change in a flash ( literally like car wrecks, sickness, financial ruin etc..etc..) the more you realize that working 60 hours or more is NOT what you want to do in Life.

        You CANNOT take the Money with you in the Casket

        And I am not saying people in their twenties have not seen these things or been exposed to them or affected by them.

        But I just think as you get older it really strikes a chord with your Soul so profoundly...and much more poignantly than it would when you were 25



        - Robert Andrew
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  • Profile picture of the author HDRider
    Since I am older, I'll take 20 hours a week
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  • Profile picture of the author Anish Khandelwal
    work 60hrs a week and earn over 500K a year ?
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  • Profile picture of the author Shooting Star
    I will go for 60hrs wk. and earning $500K yr for first year. Then start multiple businesses that give $500K/Yr with 20 hours of work.
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  • Profile picture of the author agc
    Originally Posted by discrat View Post

    You know I think it is ALWAYS interesting and fun to take a look at other folks and how they view Life and how or what they consider to be enriching and fulfilling in their journeys in Life.

    Especially when it relates to the quality of Life and the number of hours and freedom that they can choose to have in that Life

    So let's hear it ...would you rather work 20hrs a week and earn a healthy 150K a year or work 60hrs a week and earn over 500K a year ?

    This is no test, or no wrong or right answer.

    Just for fun


    - Robert Andrew
    This is an easy one.... Say it costs $50k / year to live where you are. House, car, food, mid tier basics, but not extravagant.

    If I can make 500k / year for 60 hours a week, I will do that for 5 years, pay my taxes , take the 250/yr left and use 50 to live and dump 200k off in an index fund (because it's liquid and I can tap some if I need to).

    5 year s later... I have $1m socked away. Averaging 8% a year on index return, I can then stop working and have 80k / year w/o rolling out of bed.

    But the price of admission is the 5 years of 60 hour weeks.

    Alternatively, I make the 150, pay 75k in taxes, spend 50 to live, and 5 years later I have 125k to show for it. Granted, I can expect 10k a year in investment income on that 125k, but that's no where near enough to buy my freedom.

    I'll sell my hours for $$$ while the selling is good. Gramma used to say "make hay while the sun shines"
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  • Profile picture of the author Vincent Denali
    30 hours a week for 250k. Seems like a good balance.
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  • Profile picture of the author Niteprowler
    It depends on age, ambition, value of time vs value of money. A wise man once said... never trade time for money. You can always make more money... but you can never make more time.

    When young, I'd opt for the $ 500k option, work and bank as much as possible, and then after 10 or 15 years, I'd cut back and live on the $ 150k and my investment income... a sort of semi-retirement which would give freedom to live the rest of life the way you want.
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    • Profile picture of the author x3xsolxdierx3x
      Originally Posted by Niteprowler View Post

      It depends on age, ambition, value of time vs value of money. A wise man once said... never trade time for money. You can always make more money... but you can never make more time.

      When young, I'd opt for the $ 500k option, work and bank as much as possible, and then after 10 or 15 years, I'd cut back and live on the $ 150k and my investment income... a sort of semi-retirement which would give freedom to live the rest of life the way you want.
      One job I had was for a company that was experiencing the type of growth that any company, in the same industry, would envy.

      What resulted was the need to work many weekends.

      Management was hesitant to throw around the word "mandatory", but, if production lines weren't staffed to meet production demands/requirements by route of volunteers, that is exactly what happened.

      Supervisors basically lived there.

      Even with a nice salary, I left.

      Though I was compensated additional for working on weekends, it wasn't "worth" never seeing my family. On 2nd shift, that's precisely what happened.

      Throw in an hour drive to and from work--something I accepted when I accepted the position--and, I was driving anywhere from 14-20 hours a week, depending on traffic.

      For Saturdays into Sundays, I started booking a hotel room, in the area because the drive started to take its toll on me.

      There are just so many other variables besides money.

      Each person has to weigh their own tolerance for all the factors themselves.

      For me, it wasn't worth it.
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      • Profile picture of the author Niteprowler
        Originally Posted by x3xsolxdierx3x View Post

        One job I had was for a company that was experiencing the type of growth that any company, in the same industry, would envy.

        What resulted was the need to work many weekends.

        Management was hesitant to throw around the word "mandatory", but, if production lines weren't staffed to meet production demands/requirements by route of volunteers, that is exactly what happened.

        Supervisors basically lived there.

        Even with a nice salary, I left.

        Though I was compensated additional for working on weekends, it wasn't "worth" never seeing my family. On 2nd shift, that's precisely what happened.

        Throw in an hour drive to and from work--something I accepted when I accepted the position--and, I was driving anywhere from 14-20 hours a week, depending on traffic.

        For Saturdays into Sundays, I started booking a hotel room, in the area because the drive started to take its toll on me.

        There are just so many other variables besides money.

        Each person has to weigh their own tolerance for all the factors themselves.

        For me, it wasn't worth it.
        Absolutely. I totally agree. There is so much grey area that it's impossible to have a pure black and white answer. Just too many variables.
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  • Profile picture of the author hardworker2013
    This is a no brainer, most working class persons work a 60 hours work week, so definitely a 60 hour work week for $500K would easily be the better option.
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  • Profile picture of the author Zak L.
    It really depends on if I love what I do for work - because I don't actually view my online business as work, I love doing it - it's fun.

    So it really depends on if you love what you do.

    At the same time you have got to have a balance - so many people rush to get to that millionaire status and when or if they finally arrive there, they realize it is no different. It's about the journey, it's about the person you BECOME along the journey.
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  • Profile picture of the author Trey Morgan
    I would rather work 20 hours a week and make $150k a year. I like having freedom to enjoy my time and money. I would probably use the extra time on my hands to start a business that will bring yearly income past $500k.

    If I decided to go with the $500k a year and work 60 hours a week, I would probably do that for 2-5 years and save 250k a year and then quit my job and use the money I have saved up to launch some form of online or offline business that won't require me to work 60 hours a week to maintain. Or I might invest in a franchise.
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    • Profile picture of the author Frank Donovan
      Originally Posted by tvon View Post

      If I decided to go with the $500k a year and work 60 hours a week, I would probably do that for 2-5 years and save 250k a year and then quit my job and use the money I have saved up to launch some form of online or offline business that won't require me to work 60 hours a week to maintain. Or I might invest in a franchise.
      Sounds fine in theory, but if that $500k was paid as a salary (and not from your own business) you'd likely be netting barely more than half of that after tax. If you then wanted to save $250k a year, you'd effectively be working 60 hours a week for peanuts.

      .
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  • Profile picture of the author hostclearly
    I would work 60 hours a week. I love my weekends, so I would need to be off Saturday and Sunday. Money doesn't matter as much to me, so I would take less and still work 60 hours a week.
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  • Profile picture of the author ej236
    Neither. I would hire a VA and have him/her work 60 hours a week. And with the profits I'd invest in more VA's.
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  • Profile picture of the author jasondinner
    60 Hours a week at $500K per year, but live as if I'm only making $150K per year or less...

    Then after about 20 years of building up a massive bank roll, I would retire and live off of the interest, dividends, and whatever other payments I receive from the various investments I made with the $2.5 - $4 million I used from the savings I built up from living below my means.
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  • Profile picture of the author jgant
    60 hrs for $500k for sure.

    I like the work.
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  • Profile picture of the author keLee
    For me, IM isn't my passion. The whole purpose for pursuing IM was to provide myself the financial stability and time to pursue my true passion. For me, working a 9-5 job didn't allow me the required time to pursue my dreams which is why I turned to IM.

    Life isn't about work. It's about creating the opportunity to live your dreams.

    20 hours a week, hands down.
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  • Profile picture of the author anwar001
    I would go with 20 hours and 500k yearly. Initially if I make 150k yearly, I would invest a portion of it in outsourcing and scaling whatever is working for me or investing in something else till I am making 500k. I would still be working the same 20 hours as before or even less as I might say goodbye to my job.
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  • Profile picture of the author Angshuman Dutta
    Originally Posted by discrat View Post

    You know I think it is ALWAYS interesting and fun to take a look at other folks and how they view Life and how or what they consider to be enriching and fulfilling in their journeys in Life.

    Especially when it relates to the quality of Life and the number of hours and freedom that they can choose to have in that Life

    So let's hear it ...would you rather work 20hrs a week and earn a healthy 150K a year or work 60hrs a week and earn over 500K a year ?

    This is no test, or no wrong or right answer.

    Just for fun


    - Robert Andrew

    Is 20 Hrs A Week and 500k on the menu too? I'd like to order that please.

    I need money to pay my employees, feed my family and fund my expensive hobbies (mountaineering is one of them). I don't want to be the Sultan of Brunei and sacrifice my peace and other intangible stuff just to earn more money.

    I don't need "more". "Enough " is enough for me.
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    • Profile picture of the author Tom Slipkus
      Originally Posted by Angshuman Dutta View Post

      Is 20 Hrs A Week and 500k on the menu too? I'd like to order that please.

      I need money to pay my employees, feed my family and fund my expensive hobbies (mountaineering is one of them). I don't want to be the Sultan of Brunei and sacrifice my peace and other intangible stuff just to earn more money.

      I don't need "more". "Enough " is enough for me.
      This, for me also.

      Of course, building a portfolio of assets (for security reasons) is also important, but I'd rather do it slower while getting to enjoy the young years of my life.

      But 20 hours p/week seems a bit much...how about 10 hours per week for 80K?
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  • No doubt I would take the time instead of the huge money payoff. 20 hours for me with a very nice payout is what I'm taking.

    Carol
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  • Profile picture of the author trustedmarketer
    Great post. I'm only focused on a 4 hour work week with more emphasis on quality life style.
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    • Profile picture of the author Steve B
      If you can earn $150K working 20 hours per week, you should be able to leverage what you're doing and ramp up sales to $500K without the commensurate hours having to be worked that you mentioned. Sales and time required to make sales are not a straight line projection 1:1 equation.

      Increase your marketing reach once you've found the right product and approach. You will typically find that ramping sales does not require a lot of extra work time.

      Steve
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      • Profile picture of the author anwar001
        Originally Posted by Steve B View Post

        If you can earn $150K working 20 hours per week, you should be able to leverage what you're doing and ramp up sales to $500K without the commensurate hours having to be worked that you mentioned. Sales and time required to make sales are not a straight line projection 1:1 equation.

        Increase your marketing reach once you've found the right product and approach. You will typically find that ramping sales does not require a lot of extra work time.

        Steve
        Exactly my thoughts as above. Maybe you did a better job of explaining it.
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  • Profile picture of the author Jeff Schuman
    I agree with Steve. Ramp it up and make more money without adding more hours worked is more appealing to me.
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  • Profile picture of the author Tsnyder
    It depends... who am I working for? Myself or someone else?
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    • Profile picture of the author discrat
      Originally Posted by Tsnyder View Post

      It depends... who am I working for? Myself or someone else?
      Yes, this would be working for yourself



      - Robert Andrew
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  • Profile picture of the author Ross Dalangin
    I might hire hundreds of people or maybe more doing both the methods of working 20 hours and 60 hours a week
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  • Profile picture of the author Greg Jeffries
    Time over money. ALWAYS.

    Read The Millionaire Fastlane
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  • Profile picture of the author trcktr
    its really hard to 20hrs work....my choice 20hrs a week...
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  • Profile picture of the author DubDubDubDot
    The question is somewhat flawed as it assumes someone making $500k on 60hrs will make about 1/3 the money on about 1/3 the work. This does not take into consideration that the big money online is concentrated towards the longer working hour group (where you work both smarter and harder at the same time). So if someone is making $150k/yr on 20hrs/wk (which would mean they are elite at what they do), they will probably make far more than $500k on 60hrs/wk.


    In any event, to answer the question I would take $500k on 60hrs/wk. If there is an opportunity, milk it while you can. Nothing is forever online.
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  • Profile picture of the author fast2net
    20hrs a week for 150k per year.
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  • Profile picture of the author headlineplus
    20 hours a week.
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  • Profile picture of the author pjgahagan
    60 Hours a week at 500k. It's a 350k difference. What you do with it is completely up to you. With an extra 350k a year you could easily streamline the process and work very little, if at all and make the same amount.
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  • Profile picture of the author Baller Bryan
    I'm young and my main focus right now is building my online stream of income so yeah 60 hours a week for $500k is definitely my choice!
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  • Profile picture of the author 1byte
    Where I live in California, the cost of living is very high, and $150k (while it sounds like a lot to many people) isn't really all that much here. Pretty much a nice middle-class income, but certainly not enough to be considered rich, or even well-off. In addition to the cost of living being what it is, I'm also under the gun to save up enough for my retirement, pay off my student loans, and save for my son's college savings account (have you seen how much a 4-year college costs these days?).

    So I would definitely work as many hours as I could to make as much as I could, for as long as I could. I have worked 60 hours/week in the past for far less than 150k, so if I could translate 60 hours/week into 500k, I would do it in a heartbeat without thinking twice about it.
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  • Profile picture of the author Carlos Stratton
    We have something else without making money.
    Money can't cover all of our life.
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  • Profile picture of the author allegandro
    Originally Posted by discrat View Post

    You know I think it is ALWAYS interesting and fun to take a look at other folks and how they view Life and how or what they consider to be enriching and fulfilling in their journeys in Life.

    Especially when it relates to the quality of Life and the number of hours and freedom that they can choose to have in that Life

    So let's hear it ...would you rather work 20hrs a week and earn a healthy 150K a year or work 60hrs a week and earn over 500K a year ?

    This is no test, or no wrong or right answer.

    Just for fun


    - Robert Andrew
    Depends on the family situation.

    When I would be single, for sure 60 hours.
    When I would have a wife and childeren, for sure 20 hours.
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  • Profile picture of the author Stevie C
    I'd go for the $150,000 as I value the time more, We already have our own property and overheads are low out here in Thailand. I think the only downer to this is that it would feel a bit like working a day job - a set 20 hours a week, a set wage etc. One of the joys of working online is that I can chose to work 60 hours a week or 2 hours a week and earnings are always scalable - I'd miss that freedom to work more / less or scale things up.
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  • Profile picture of the author Alex Sol
    20hours - any time. I'd never get bored because I have way too many hobbies. I have been able to travel to 20 countries so far because of Internet Marketing so I know what to do with extra time
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  • Profile picture of the author chuckievee
    $500k for 60 hours, Why would I want to work more hours and make less money?
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  • Profile picture of the author Willie Crawford
    60 hours per week, because I'm a work-a-holic who gets bored easily.

    At the same time, I've managed to blur the lines between work and play.

    You might catch up with me out deep-sea fishing in the Gulf of Mexico.
    That would look like I'm playing, BUT I'd probably be fishing with a
    local offline client, or a JV partner, and while fishing... we are talking
    business and making deals. The fishing trip is a tax-deductible business
    meeting.

    While out fishing, I'd catch a ton of fish, which my family and friends
    would later eat. So, I'm really fish, feeding my family, and doing business
    all in one.

    I actually have managed to blur the lines that much, so a 60 hour
    work-week is no big inconvenience for me.

    Before you think how lucky I am to live such a lifestyle, be advised that
    I'm 55 years old, and it took me most of those 55 years to reach my
    current level of success!

    Another question that we all have to ask ourselves at some point is, "How
    much money do I really need to be happy,secure, and to consider myself
    a success?"
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    • Profile picture of the author discrat
      Thanks Willie.

      Terrific insight




      - Robert Andrew
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  • Profile picture of the author Josip Putarek
    60 hrs and 500k per year because its fun to work, especially if you do something you love to do
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  • Profile picture of the author webproishere
    80 hours a week, for 1.5 millions a year, for 10 years (more than 15 years online)

    6 days at 11 hours a day or so
    One day off (well 2 or 3 hours just checking in)

    Work out, sleep and do the usual things in life you gotta do.
    I'm a work slave lol
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  • Profile picture of the author gjabiz
    Originally Posted by discrat View Post

    You know I think it is ALWAYS interesting and fun to take a look at other folks and how they view Life and how or what they consider to be enriching and fulfilling in their journeys in Life.

    Especially when it relates to the quality of Life and the number of hours and freedom that they can choose to have in that Life

    So let's hear it ...would you rather work 20hrs a week and earn a healthy 150K a year or work 60hrs a week and earn over 500K a year ?

    This is no test, or no wrong or right answer.

    Just for fun


    - Robert Andrew
    My answer, for fun, in a single word: CONTROL.

    I've worked with, for and around several multimillionaires (even wrote a little report on them).

    Only met ONE in last 50 years who "hated" his business, Harvey Brody.

    Harvey went to work one day to his successful publishing business and an employee gave him a lot of grief, he made a decision on the spot to eliminate all headaches (employees) from his business. And, for the last 30 years, he has not had any employees and understands some headaches come with every business.

    Most of these rich men didn't count hours at work. Counted money as a score card as much as anything. They had personal satisfaction and created the TIME to do what they wanted, but, like Willie Crawford, combined work with pleasure so it was "always" business. When Donald Trump plays golf, he might be making million dollar deals. Sweet.

    What most of the rich men (self made businessmen) I've been around want, more than money, more than time is

    CONTROL over their business, which equates to Control over their lives.

    Also, almost all of them had a Control Position, referred to as a TOLL POSITION, of their product or service or kept a very close eye on it.

    When one lives in a world without clocks, without measurement or comparison but with passion, love and gratitude...

    one learns, money can always be made...TIME marches on, no matter what you do.

    gjabiz

    PS. Oh, the rest of the Harvey Brody story. So, after shutting down his publishing, he works a few hours a day, from his home office, mostly phone and fax, and runs an International business which does millions per year.

    He has plenty of FREE time, but his thoughts are at the ready to switch to a business mode on-demand. I choose that method, without regard to hours or money.
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