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“Your mental health is absolutely worth some weight in this conversation, if not more than the financial needs.”
What if the price of your high-paying job is slowly draining the life you're working so hard to build? As our hosts, Natalie and Dan Slagle, discuss in today’s episode, burnout among high-income professionals is a real thing!
Many successful professionals in consulting and tech are exhausted after 15-20 years of climbing the corporate ladder. With young families at home, many of Dan and Natalie’s clients have questioned whether their current income justifies the stress. Some are even considering taking a full year off before transitioning to nonprofit work or roles paying half their current salary, often landing on $150,000 as the "magic number."
The financial planning approach starts with budget analysis: understanding fixed obligations versus discretionary spending. Dan and Natalie emphasize that clients with high savings rates (25-30%+) often have more flexibility than they realize. The key is modeling long-term retirement projections with reduced income scenarios to determine if major life goals remain achievable.
Beware, though. Locking in high expenses (like a mortgage) reduces future flexibility. Natalie values maintaining options, or the ability to go part-time or step back without financial catastrophe.
Always trust your gut when burnout signals appear, and make sure to seek professional guidance on the numbers. The decision isn't purely financial; mental health and family well-being warrant significant weight. The question isn't just "can we afford this change?" but "what does staying cost us?"
Key Topics:
- The Burnout Epidemic Among High Earners (07:01)
- When Is Enough, Enough? (09:13)
- Starting With Your Budget and Expenses (12:32)
- The Mortgage Decision and Future Flexibility (13:51)
- Modeling Income Reduction Scenarios (19:07)
- Building Financial Flexibility Before You Need It (20:08)
- Trusting Your Gut on Personal Well-being (25:24)
- Replacing Income Through Part-Time Work or Brokerage Withdrawals (27:36)
Resources Mentioned:
Natalie Slagle, CFP® and Dan Slagle, CFP® are the founding partners and lead financial planners at Fyooz Financial Planning — an independent firm dedicated to helping high-earning couples in their 30s and 40s confidently navigate the complexities of managing money together.
At Fyooz, they specialize in turning financial stress into strategy, guiding couples through everything from cash flow and investing to aligning money with shared goals.
Disclaimer: For updated disclosures, please visit fyoozfinancial.com.
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