Further - it's been said before - when it comes to time -vs- money - you can always find a way to make more money if you need it - but what you can't do is make more time - time goes by whether you use it or not. If I have a choice between playing with my kids and turning down some overtime, which pays very well, I'll take spending the day with my kids. That time can't be replaced later. Odds are I can always work more.
You get one life of unknown length - choose how you spend your time wisely, not by some simple formula.
Further, if I do want to do consulting work after work, it's certainly about how much I'm going to get paid, but it's also about what hte work is, how interesting it is, who it is for, and what the other network benefits might be. I won't generally work for free, some people I've charged an arm and a leg simply because I know they need it, I know I'm in a unique position to help them, and I have no vested interest in whether or not they take my offer - my personal time is valuable to me. If I had enough offers for work at high enough pay to make me really think about eating it all up, I'd quit my day job and just do that.
I think (as the user 'grecy' mentioned in another place) that as a population, programmers are in a relatively unique position. They (we) can be in a situation where there are a lot of clear opportunities to make more money given more time investment (that can't be simply said for a coroner or a florist for example) AND having it being a lot of money. Couple that with that that it's true from a relatively young age (out of college) and it gives you some pretty interesting (blessed) challenges.
Further - it's been said before - when it comes to time -vs- money - you can always find a way to make more money if you need it - but what you can't do is make more time - time goes by whether you use it or not. If I have a choice between playing with my kids and turning down some overtime, which pays very well, I'll take spending the day with my kids. That time can't be replaced later. Odds are I can always work more. You get one life of unknown length - choose how you spend your time wisely, not by some simple formula.
Further, if I do want to do consulting work after work, it's certainly about how much I'm going to get paid, but it's also about what hte work is, how interesting it is, who it is for, and what the other network benefits might be. I won't generally work for free, some people I've charged an arm and a leg simply because I know they need it, I know I'm in a unique position to help them, and I have no vested interest in whether or not they take my offer - my personal time is valuable to me. If I had enough offers for work at high enough pay to make me really think about eating it all up, I'd quit my day job and just do that.