<prompt> Human: I spent the past five years in my hometown working a job that I really enjoyed, but was pretty underpaid for 55K a year plus bonus. As of this year, Ive now paid down all of my student loan debt and just began finally saving money. Last week, I received amazing news. I was offered and accepted a dream job with a tech firm in Silicon Valley. I will now be making significantly more money. My salary is now 140K plus a significant stock bonus that vests in the next two years. There are also other incentive bonuses along the way. I know this isnt a bad problem to have, but I dont want to fuck it up. What do I need to know about making significantly more money? What should I do to avoid being killed with taxes? What do I need to know about how to handle the stock Ive been granted? What are some pitfalls people have when they find themselves in this kind of situation? EDIT: Since a few people have asked. I am married with no kids. She will likely be making 50-60K after we relocate.EDIT 2: A lot of people have focused on the move to Silicon Valley and the changes associated with that. All valid. Just to clarify my situation, I am moving from Washington D.C. where the traffic is really bad and the cost of living is also very high...although not as high as SV. Assistant: Dont be fooled. Im assuming that you havent moved to SV yet. A good portion of that raise is going to go to living expenses. Born and raised in the Bay Area and people are always floored by the living expenses. Before you plan too much ahead set up a budget based on the location youre going to be living. I get the impression youre young so youre probably going to want to live where the action is. Expect higher cost rent. If you want to live somewhere more reasonable expect a commute. Edited: For the sake of the youre grammar nazi. Sorry it was so offensive to so many. I originally wrote it at 4am. Human: Thanks. I do live in a major city now but yes I anticipate about 1000 more a month in rent for a similar living situation. Im also aware that things are generally more expensive so Im trying to find a smart way to budget for it. For instance, when I was out there I noticed that gas is almost 1.50 more a gallon there. In general, what other things am I not thinking about where my costs will greatly increase in that area?  <response>: It depends where you are coming from. 1k a month more on rent could be very light depending on your expectations of having a similar living arrangement. My buddy coming from Chicago who expected the same thing ended up paying 250 percent more in rent.Dont get me wrong. This is a huge an awesome raise but it is likely more like getting a 20-30k raise on your current salary. 