/biz/ - Business & Finance

>>646766
>work hard
>make lots of money
>invest
>retire early
>live a nice comfortable rich life never worrying about money
>have your own place
>solid passive income
Sacrifice now, reward later.

>>646774

While this anon has the right idea, it's still important to maintain work/life balance to some extent. If you can retire early at 40, you've now got a 40-year old body.

That body you have now you'll never have again. Does your investment management gig offer any paid time off? If so, use it when you can. Go off and do the things that only someone in their 20's can do.

My dad busted his ass to make six figures a year in the late 80's and got raises from then on. I barely ever saw him growing up, and that's become one of his biggest regrets, even though he's 50 now and been retired the past eight years. He's told me time and time again how he wishes he had lived more when he was young, and that it was worth a few more years working as an older man.

>>646782

All in all though, it's up to your personal preference. Is working your entire young life worth an earlier retirement? For some people it is, for some it isn't.

>>646774
>Do nothing but work
>Have no life, women only want you for your money
>Retire with a bunch of fancy stuff

Fuck that. It's not like OP's going to make $40k forever.

>>646787
>>646784
>>646782
After a few years as an analyst at a prestigious IB he can always use the experience to get an even better job with a better work/life balance.

>>646782
OP here, there's good benefits and decent PTO, but that's just something I've come to expect with any job. You can't really "live" for just 2-3 weeks a year. I'm single and really hoping to find someone who makes me swoon to settle down with. Plus I like having time to hang out with friends, play vidya, watch Chinese cartoons, and even just do simple stuff like go for a walk. I feel like at this bank I'd just wake up, go to work, go to bed, repeat.

>>646791
But that's the other side of the coin. If I could tough it out for a little bit I'd have a bomb-proof resume, but then what? I understand that most finance places demand pretty long hours, and I like not being stressed out. At the same time, I don't want to be stressed out when I'm 50 and I'm no where near my retirement goals.

I told the place I need a day or two to think about it, and I keep waffling back and forth. There's good points on both sides. Ugh.

>>646766
take the money keeping in mind you will have to walk away eventually

>>646814
I would do it personally.
But if hte stress/hours aren't for you it's not for you. Don't get caught up in the money.

Also if you live frugally you can make mediocre money and still be well off later in life.

Although living frugally and living life aren't that compatible either.

>>646766
Hey OP, around same age as you. Went from around 40 hours a week job at 50k to 50 hours a week at 70k. Problem for me is that commute is almost an hour each way, so total time is like 12 daily. Job is cool but hours kinda suck and its located far from friends. Will your job be around same area? And commute times?

>>646834
That's a rough commute. I live in the suburbs of a big city. My current job is also in the 'burbs and it's a 15 minute drive. The office for the potential job is in the swanky downtown part of the city. Taking your car in is a nightmare and parking is outrageously expensive/hard to come by, so I'd need to take public transit. It would be about an hour each way, but since I'm renting I would just move into the city when my lease is up. With the salary I could certainly afford a small place within walking distance.

But right now, it would suck. 11-12 hours with an hour each way is awful. A ten-twenty minute walk makes it a lot better. As far as friends go they're a bit scattered through the area so it wouldn't make a meaningful difference.

>>646766

wow. I am in the exact same boat myself friend.

have a bretty good job, bout $50k.

could take a job that makes over $100k, but would work insane hours and be a corporate slave.

I said "no". It's not worth it man. my personal time is more important to me that nice shiny things, and fancy trips.

but that is me.

ultimately you can always find ways to earn more money, but you can NEVER get back lost time.

>>646766
As someone your age who was in the same boat a year ago I'll tell you my story...

Working shit jobs as a waiter, I put a resume online and got a call from a large mortgage company to do mortgages for people. They demanded long hours but offer pay in the 6 figures. I took the job, and have worked my life away the past year. I don't have time for friends or family or even the gym. A lot of people end up quitting, which is understandable. I am very competitive, and love the challenge of the job and the rewards are addicting. I feel like an easy job would get boring and I wouldn't use my time wisely anyways. The only concern I have is when I have children, I want to be more than a weekend dad. I say go for it... Your life will be different, but if you can find joy in the work and challenge and rewards, it won't matter anyways because you're enjoying yourself and getting paid.

>>646847
manhattan?

Considering a similar situation. Honestly, I'm planning on working a shit job just to have capital to pursue the things I am passionate about. If they don't hit - at least I tried. If they do, I can quit my job and pursue them full time. In the meantime, I still want to drive a nice car and live in a nice apartment, so 50 hour work weeks will be the norm.

Take the job you lazy cunt, then when you get to be a mid-level manager by the time you're 45, you make your own hours,

>>646814

If you're still watching this thread OP, that resume will get you a job that you'll actually like. Sure it'll pay less, but basically it's a few years to then get a job you actually won't dread going to.

I've been a portfolio manager for a mid-sized investment firm for the past four years. First job out of college, $90k salary, 55 hour weeks.

I have an interview tomorrow for a financial management position at a video game startup. I'll only be making 50k, but I'll be surrounded by people who love anime & vidya and every employee is given a free Nerf gun when they start. And the funny thing is, I want this job way more than I ever wanted the one I have now.

>>646867
>>646886
Even though these are opposite, I can appreciate both

>>646907
San Francisco

>>646910
I'm not motivated by high-end things myself, but if you like having the premium car and swanky pad more power to you.

>>646949
That sounds depressing

>>646964
The thing is, I actually like my current job, I just don't see a good career path at my company since it's small and there's really not much upward mobility. I'm also really interested in investment banking, but as I've said I don't know if it's worth the commitment to break into the field. I get what you're saying but I feel like I have a pretty enjoyable job already, it's just the money that's not as good as I'd like.
Good luck on your interview!

>>646983

You're not going to be saving anything at $100k in SF, 28% Federal Tax + 9.3% State Tax + 1.5% City Tax + Cost of Rent is retarded.

>>647183
I know it, which is why I want more money. Still, if you live with other people, minimize eating out, and don't blow a bunch of money at the bars every week you can live comfortably on a lot less than $100k. You just won't retire as quickly.

>>647225
Have you looking into applying for similar positions that don't involve living in the biggest money sink in the world?

>>647235
I moved to the Bay Area because I wanted to be here. I grew up in rural New England and I'm done being cold and having minimal career opportunities. I know how disgustingly expensive things are, but I love it here. I only leave to visit friends and family; I don't go on lavish vacations because I live in a beautiful place all year long, and that has tremendous value to me.

>>646847
SF is expensive as others have said, how much is your rent now? Does it appeal to you living in downtown?

Walking to work though is quite a luxury, something I would love to able to do but its pretty rare in the states

>>646774

Spoken like a college kid that has never worked over a 5 hour shift.

>>646766

I'm 29 and made a deal with the devil to make way more money and at a soul killing job. You will wish to be hit by a car to make it stop. Then when you quit you will be labeled as a job jumper and unreliable. My advice would be to live simply and stick with the comfy job.

>>646867
True time is a non recoverable resource

>>646791

just give me your youth goyim, a better life is right around the corner!

>>646949

The managers work longer than anyone because they have to try to outperform the other managers. It becomes a game of who can endure the most misery.

It's OP again. In case anyone's still following the thread; I decided to decline the offer. I was trying to convince myself the money was worth it, but I know myself. I don't deal well with constant stress, and I feel like I'd burn out and end my time at the bank on a bitter note. I'm going to keep my eyes open for other investment banking jobs at places that are a little less demanding, or maybe try to find a different non-profit gig.

Thanks to everyone who shared their stories and gave advice. Peace!

>>648041
Honestly? If you were questioning it that much then you knew deep down it was a p shit deal.

I think that moving forward in your career is something that should happen as organically as possible. Money is one thing but experience is worth so much more. It takes some guts not to follow money man, i hope for your sake it was worth it.