In 2015, visual artist Vanita Lee-Tatum was feeling burned out after 12 years building a lucrative banking career. “I reached the VP level in my career and felt like all my dreams had come true,” she says. “I traveled the world; I was making lots of money. But I started to feel this nagging emptiness, and I just couldn’t shake it. And I was like, why am I not happy?” By the following year, Lee-Tatum had given up her banking job and taken up painting. “I just had this overwhelming need for change,” she says. Nine out of 10 Americans say they would give up a significant portion of their paycheck–up to 23% of their lifetime earnings–if they could swap their day job for more meaningful work, according to the Harvard Business Review. Employees who find that meaning are more likely to work more and stay loyal to their employers. Many people I talked to about taking a pay cut echoed that sentiment. Most of them don’t regret their decision, but making such a change isn’t always financially within reach. For some, childcare expenses were a major consideration; other people I heard from underestimated the impact their pay cut would have… Read full this story
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