How can I determine if I'm having a midlife crisis?

You could reframe that, and say that you are ready for change.

being good enough in this modern world is difficult with all the external pressures we have to endure.

At 35 years old, I too looked at my life a felt something was severely lacking.

I decided I would change career and do something I wanted to do, not what family and society expected of me.

I decided to train as a psychotherapist. This gave me a great sense of personal acheivement by helping other people and deep personal knowledge and incredible self awareness.

I had experienced an extremely abusive childhood and psychotherapy was a way to heal myself, this is a common theme for psychotherapists.

I'm 70 next birthday and I am happy with my life.

I shall die a happy man.

I would suggest spending a few months in psychotherapy just to get a sense of who you are and what you want.

Most of my clients over 25 years did not have mental health problems, they were looking to find a new way to live their life.

I would ask you to start by questioning Irrespective of money, do you enjoy what you are doing? Is your work environment burning you out instead of your actual work? Would you be happy doing what you are doing if it didnt feel like a task?

Also in my opinion, its not about simplier life, its about what will make you happy.. some people find happiness in making money

Put it this way: You made money for a company that you do not own, rather than making money for yourself. The time that you put into doing that, you cannot get it back no matter how much money you make.

The fiat currency that is used to pay salaries is slowly getting debased + worthless over time additionally with tax rises along with that which depending on the currency, this is why many people are always asking for $400k+, $600k+ staff engineer roles to keep up with inflation and house prices.

Reality is, they end up keeping a lot less money every year, which is why they are very unhappy no matter the amount they make.

> What can I do about this?

If you want more money without the scamble, self-employment is the way to go or just build a startup that you own and move to a very low tax environment where you keep a lot more money and freedom. This is the only risk worth taking.

Otherwise, prepare to compete against thousands of other candidates for that single $500k+ role which comes with politics, layoffs and zero freedom.

Also consider volunteering or helping people somehow. The worst possible outcome in doing that is that you have helped people.