I'm making about 65% of what I was making 2 years ago, but the experience is far better. I have awesomely talented coworkers, get to work on fun stuff, have freedom to explore interesting alternative side projects/ideas, work from home and coffee shops every day, and have no strictly defined schedule. As far as some people are concerned, I don't have a job at all - but that's what you get when you love what you do and the company treats you like a responsible adult (an all-too-rare thing).
While I do sometimes feel that the money is not enough month-to-month, I have enough to invest some in retirement each month, pay a little extra on my mortgage each month, and occasionally buy a new Apple gadget. Not having any other debt (besides mortgage) makes this easier, too. If there's a bigger lesson here, it's to eliminate your debt while you're making the big bucks at the boring job - because that'll free you up to take the more interesting but lower-paying job when it comes along. Don't be a slave to your lifestyle.