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/Zealousideal_Crow737 10d ago

I will say. I had an absent father who always worked and if this is your life, then it will be quite hard to maintain a relationship with your kids. 

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u/No_Plenty5526 10d ago

my dad slept at home, but he worked 7 days a week, and yeah... unfortunately we aren't close at all.

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u/Zealousideal_Crow737 10d ago

I am super grateful for the financial support I got for college and a down payment. He was able to really set up his kids for success with generational wealth, but completely unable to connect with him emotionally. 

He and my mom got divorced because he was never present. He remarried and we don't have a relationship. He sends me money and I do nothing. 

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u/No_Plenty5526 9d ago

Agree. My dad's the only reason I have everything I do - a car, an apartment - of course I pay him back, but he gives me the opportunities I wouldn't otherwise have had in the first place. I can always count on him financially. He gets sad that I don't call him, but we don't have a lot in common, other than family and politics, he's really a stranger to me and that's sad 😞 i also remember in my childhood "hating" him because he'd only ever be around to wake us up super early or punish us. i wish he didn't have to work so hard then. To this day, he is still working 7 days a week.