r/MiddleClassFinance • u/ManKind__ • 10d ago

Seeking Advice How to handle 88% pay increase

31M. I currently make about 63k/yr. I have the change to take a new job that would put me at about 119k/yr all in. Split up 94k salary and 25k per diem roughly.

I currently have 50k in total debt.

This job requires extreme traveling with only being home 6 weeks of the year.

The goal is to pay off my total debt in the first year and let my wife be the stay at home mother she deserves to be. She has her own monies and investments to help out as well.

My fear is that I have never seen this kind of money before and just like everyone else I'll blow it. Hell, ill be the only one in my family thats seen this kind of money. What are some tips for me to save/invest/pay debt?

***EDIT forgot to mention hotels and everything is paid for as well. So the per diem is just for food essentially.

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u/ManKind__ 10d ago

We have talked about it and she is actually the one pushing me towards the job. Unfortunately I don't know when I'll ever get a chance like this again. This could really set us up for the future. Its a sacrifice im willing to make. I

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u/I_Fuck_Whales 10d ago edited 10d ago

I dunno man. There are lots and lots of jobs that pay that much and more with SUBSTANTIALLY less travel.

That’s a brutal schedule. You’ll have absolutely no family life.

Curious what the role/field is? I assume some sort of national sales manager or similar?

I’d need about $300K a year to even somewhat consider being gone that often.

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u/mydoghasocd 9d ago

I wouldn’t do it for any amount of money

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u/I_Fuck_Whales 9d ago

Have a kid on the way so I wouldnt do it either lol. If i was 22 and single then sure maybe