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by Joeboy 1392 days ago
I'm just genuinely intrigued as to why someone on £200k would want to work more. maybe there's a good reason, like they're an "earn to give" person, or some actual ambition the money will help fulfill, or some expensive health need etc. Maybe they'd like to spend less time with their family. Just wanting to exchange more of your life for more money seems weird to me, if you're already in a position to be able to live in luxury.
3 comments

In the neighborhood of New York City I live in, buying a 2 bedroom apartment requires you to have a higher yearly income than $250k (~= £200k). The simple desires of (a) wanting space for family and (b) wanting to live in a specific place, can push you to want to earn higher salaries.
Yeah you're right actually, glancing at Rightmove (UK property site), and going by the standard 4.5x mortgage test, you're probably not going to get a decent family home in Central-ish London on £200k. Shit's fucked up.

Edit: To be clear the repayments on a £1m mortgage would "only" be like £60k a year, you only need £>200k to initially buy the place.

Yep. And £200k/y is about £120k/y net. That'd be tough for a family with kids.
Rubbish. The average UK family with kids is on sub-£30k net. That's tough. 4x the average isn't.
Two viable possibilities:

1. It's about the money, because you never know when you may have a 5-10 year underproductive period due to health/other unforeseen emergency.

2. It's not about the money, it's about the experience/knowledge gained/distraction/self-worth of accomplishing more.

> it's about the experience/knowledge gained/distraction/self-worth of accomplishing more

To me, a side gig means accomplishing more of what someone else wants, with the trade-off of being less able to accomplish (or learn about, or distract yourself with) what you want. Which seems like an odd thing to want unless you need the money. I suppose for some people having a £200k income and not needing the money seem less synonymous than they do to me.

Sometimes people see others' goals as helpful to their own.

See: John Carmack at FB.

>I'm just genuinely intrigued as to why someone on £200k would want to work more.

The money outcome isn't a zero-sum game. If someone works more, they can put that towards their children's education fund, retirement or other investments, or anything else at all.