I did this just a few months ago. Worked in the Blockchain industry, earned around 240k in my local currency, which is a lot for what I did. The company got bought, would have gotten an additional 300k (more or less) after 2 years in bonus.
Instead, I joined a company more aligned with what I want to do and become, and the people I want to surround myself with. I now get paid just 140k in my local currency, so I take around 100k a year pay cut.
My wife will start working soon, so we will top up our household income again.
But, I realized, I don't have money problems. My needs are met, and what makes a difference now is my emotional and physical health, and my friends and people I see every day. Filling up my account doesn't help anymore, and the opposite, it made me more stressed every day.