do people with a high income have to make trade-offs?

Answer 1

Yes. Say, you can't stand your wife, so here are your options: you divorce her (which costs money and has the potential of turning you into a social pariah for months if not years) or send her on a cruise around the world.

Here's another one. You have a portfolio of stocks and bonds worth $1 billion at cost and $2 billion at market value. You can contribute $100,000 to a presidential campaign, and, when "your" candidate is elected, get a job as an ambassador. While residing abroad, you can sell your entire portfolio and buy it back, which would move your cost basis up to $2 billion, saving you hundreds of millions of dollars in capital gains taxes. Or you can continue doing whatever it is you do and earning whatever you earn...

Answer 2

Thats in the eye of the beholder, generally speaking you work more but if you love what you do that may not matter, and may not be a trade off to you. Look at professional athletes how much they are payed to do something i would assume that they love.

Then again if you look at the CFO of a company they get paid well but if their accounting department makes an error he cant claim ignorance of it anymore hes responsible, and depending on the error may be held criminally responsible. With power, or money comes responsibility so in one way or another thier is a tradeoff, unless of course your income is just the interest off of some random lawsuit, inheritance, or lotto winnings in which case their probably is very little tradeoff.

As with everything in our society their are huge rewards, but they generally come with some sort of risk, or price.

Answer 3

Usually yes. Business people work longer hours, spend less time with family and have a great deal of stress to earn the almighty buck.. Your happiness does not depend on your income level. Its depends on you though money is nice