I am extremely overpaid. I am also quitting soon and will most likely find an underpaid job, so I’m really trying to make the most of my extra money right now!
It’s possible to be overpaid and unhappy where you are. When you’re spending 40hours/week doing something, it doesn’t matter what you’re paid if you hate it. Happiness is more important than money, as long the lower level of money is still enough for you.
I have a job in an American tech company. I’m paid Silicon Valley entry level wages which easily puts me in the top 10% earners in my country.
I’ve been at this job for 5 years. I’m not learning or doing anything new, I lost my favourite teammates in layoffs, I don’t respect my company and I’m tired of having 8pm meetings with the US west coast.
I’ve bought my apartment now, so my living costs are about to go way down, and I’m being offered a giant severance package if I leave now, no severance if I quit at any other time. Now’s the time!