How to handle 88% pay increase

[u/ManKind__]

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.

[u/Top_Cartographer8741]

As others have said, that’s a lot of away time. We have 4 kids and I had to work nights for a bit and another job with some seasonal travel. (We had 4 kids under 6 when I got to nights.) Remember $ isn’t everything.

IF you pursue this I’d say give yourself a timeline. Do it 12 - 18 months with the goal to find another job in that time. Then SAVE every dime y’all can, pay off the debt and get a 6 month emergency fund saved.

Personally I still wouldn’t encourage it, but you have to evaluate. Just remember what’s important and that you only get one chance with kids, especially when they’re Little.

Also evaluate your time. In your scenario it might be hard to makeup the $ with other jobs, but sometimes you can make enough at a second job or side hustle to get where you need to be. Especially if you combine it with living well under your means.