For those who don't work 9-5 jobs

[dreamingat30fps]

Originally Posted by natedog7700

Balance is good. But you might be someone who wants to work for X amount of months/years to achieve a wild goal of yours!

[KingOfJericho]

Originally Posted by BayMoWe335

I doubt it...if you're ballin, you at least get a 35 variant and not a 1 or 2 series. A 228i sucks.

This mentality is why most Americans are financially doomed.

[Maestro]

This reminds me when I lived in the Silicon Valley and the cost to buy a house in the valley. The choose was a small house, no yard, high mortgage payment, short commute and no money in your pocket. The other choose was, bigger house, big yard, small mortgage payment, long commute and money in your pocket.

We choose the small house, short commute and lived on mac and cheese for a few years over the long commute and no time to spend the extra money you had.

The moral of the story, you can always make more money and get raises, but you can not create more time.

I personally never understood why people gave up their personal time for all the other things. Losing time can never be regained.

This was when I was young and before kids and stuff, I still worked long hours to prove myself, but I was usually home by 7 or 9 on busy days and stopped in work on the weekend after having a fun day in the sun. But I was not the people who lost 3 to 4 hours a day commuting so they could have bigger house.

[Bucki14]

WTF did I read, are you a slave?

[Bucki14]

Originally Posted by GuidoK

Exactly. There is a consideration to be made about how much your life is worth.
You can divide your life in time, and on each period in your life, that time has a different value. In hindsight, your childhood, youth and young adulthood are by far the most valuable ones (probably in that order).
When you're young, you want to make money because you think you can do a lot of things with that that will make you happy. When you're older, you realise it doesnt work that way. The older you get, the less materialistic you get, and realise its about spending time instead of spending money.
So live your young life to the fullest. Dont try to make more money than you need to.

Best short piece of information I've read!

[BayMoWe335]

Originally Posted by KingOfJericho

This mentality is why most Americans are financially doomed.

Please. I have more savings acumen that 99.999% of Americans. I'm just saying he's not driving a 228i if he's ballin. It's just that simple.

And you're right, Americans suck at saving but that has nothing to do with what I said.

[UncleWede]

I've worked 6:30-4 since roughly 1984.


Yes, Nineteen-hundred and eighty-four.

Various employers, but it has always worked out that way. 9/80 work schedule.


#whippersnappers

[KingOfJericho]

Originally Posted by BayMoWe335

Please. I have more savings acumen that 99.999% of Americans. I'm just saying he's not driving a 228i if he's ballin. It's just that simple.

And you're right, Americans suck at saving but that has nothing to do with what I said.

He commutes by train to the city. I do the exact same thing. My car is driven 4 miles then just sits in a parking lot. No point in blowing money on a car that's barely driven. I fill my tank once a month. There are guys in my company who make in the millions each year and drive a 335i. There are also assistants right out of school who drive the same car.

My point is that "he's not driving a 228i if he's ballin" is why many Americans feel pressured to buy expensive vehicles for no reason other than to act as a statement of wealth to people who judge status based on material goods, which is exactly what you seem to be doing.

[Bucki14]

Originally Posted by KingOfJericho

He commutes by train to the city. I do the exact same thing. My car is driven 4 miles then just sits in a parking lot. No point in blowing money on a car that's barely driven. I fill my tank once a month. There are guys in my company who make in the millions each year and drive a 335i. There are also assistants right out of school who drive the same car.

My point is that "he's not driving a 228i if he's ballin" is why many Americans feel pressured to buy expensive vehicles for no reason other than to act as a statement of wealth to people who judge status based on material goods, which is exactly what you seem to be doing.

Agreed about american mentality. I however like expensive cars because of how marvelous they are and not about what others think. It's a bad curse/addiction to have. But the engineering, driving feel, and sound of the expensive Italian bred machines is intoxicating. Such an obsession I wish would die.....but it ain't

[Coulson T]

Cat's in the cradle.........

Life is too short to be miserable.......love yourself, decide what you want and focus on the way to obtain that which brings you happiness.

[BMW F22]

Originally Posted by UncleWede

I've worked 6:30-4 since roughly 1984.


Yes, Nineteen-hundred and eighty-four.

Various employers, but it has always worked out that way. 9/80 work schedule.


#whippersnappers

Defense industry?

[NY10]

Originally Posted by BayMoWe335

Fuck Wallstreet.

You work 16 hour days and drive a 228i? It's never going to be worth it.

You need to be making around $350k for it to approach worth it. You'd have the same quality of life making around $150k in Dallas, Houston, or even Chicago.

I bought my now ex girlfriend the 228i I drive an M6 and Ducati.

Not that, that has anything to do with my original post.

I have co workers who drive Nissians and their bonus is more than the average American makes a year so that's not really the point.

[UncleWede]

Originally Posted by BMW F22

Defense industry?

First half of career as civil servant for Navy. Now municipal government. IT for both.

[Supra2k6]

Originally Posted by NY10

I bought my now ex girlfriend the 228i I drive an M6 and Ducati.

Not that, that has anything to do with my original post.

I have co workers who drive Nissians and their bonus is more than the average American makes a year so that's not really the point.

Some people dont get that. in big cities the cat next to you in a 98 civic could be worth more then you ever will. 12hr days are normal for me but i see it as i'm young why not work hard now when i have the energy.

12 hr days are normal for me but i take it as me being young and i have the energy to work so why not work hard now.

[ASAP]

I lived in the northeast for numerous years, could have potentially made more money and had many more career opportunities.

What did I do?

I moved back down to the South, kept my salary, lowered expenses and overall improved everything... is my potential to make as much money down here or have as many career opportunities as in the NE? Probably not... is absolutely everything else better? Without a questions, yes... In other words, you have to do whats right for yourself and I knew that it my case the NE lifestyle would never work for me...

[Verbiage]

Originally Posted by BayMoWe335

Please. I have more savings acumen that 99.999% of Americans. I'm just saying he's not driving a 228i if he's ballin. It's just that simple.

And you're right, Americans suck at saving but that has nothing to do with what I said.

I enjoyed this post.

[PoorLurker]

Originally Posted by BayMoWe335

Please. I have more savings acumen that 99.999% of Americans. I'm just saying he's not driving a 228i if he's ballin. It's just that simple.

And you're right, Americans suck at saving but that has nothing to do with what I said.

You drive a 335i and claim to be in the .001%?

I think you has are confused or ungood at maths and statistician.

"The really, really rich get much, much richer
On the other side of the spectrum, the fortunes of the wealthy have grown, especially at the very top. The 16,000 families making up the richest 0.01%, with an average net worth of $371m, now control 11.2% of total wealth—back to the 1916 share, which is the highest on record. Those down the distribution have not done quite so well: the top 0.1% (consisting of 160,000 families worth $73m on average) hold 22% of America’s wealth, just shy of the 1929 peak—and exactly the same share as the bottom 90% of the population. Meanwhile the share of wealth held by families from the 90th to the 99th percentile has actually fallen over the last decade, though not by as much as the net worth of the bottom 90%."

[BayMoWe335]

Originally Posted by PoorLurker

You drive a 335i and claim to be in the .001%?

I think you has are confused or ungood at maths and statistician.

"The really, really rich get much, much richer
On the other side of the spectrum, the fortunes of the wealthy have grown, especially at the very top. The 16,000 families making up the richest 0.01%, with an average net worth of $371m, now control 11.2% of total wealth—back to the 1916 share, which is the highest on record. Those down the distribution have not done quite so well: the top 0.1% (consisting of 160,000 families worth $73m on average) hold 22% of America’s wealth, just shy of the 1929 peak—and exactly the same share as the bottom 90% of the population. Meanwhile the share of wealth held by families from the 90th to the 99th percentile has actually fallen over the last decade, though not by as much as the net worth of the bottom 90%."

I said I have savings acumen...I didn't say I was in the top 1% in wealth. People richer than me don't necessarily have more savings acumen.

I'm probably more like top 10%.

I'm also a slight hypocrite because I could afford a lot nicer car too, but after a certain point, feel cars are a toy. I just think a 35 variant is a lot better than the 28 variant and working as much as this dude does necessitates a better car. If he has an M6, solid.

I never said I always make perfect, rational sense.

[bimmerfrk]

I work on wall street as well. Mid sized AUM hedge fund. I come in really early like 7:00. But im out every day at 3:59. I told them during my interview that I will run the fuck out of this department but I wont be here all fucking day and night doing it and they can fire me if they don't like my mgt style. It worked out very well.

But then again I run the IT infrastructure side of the business.... My goal is to stack my bank account and GTFO, may start a consulting biz for newly starting asset mgt firms.

Life is to short to work 80 hour work weeks.....

[Flying Ace]

Originally Posted by NY10

I work on Wall Street and even though it closes at 4 Mon - Fri I usually don't leave my office until after 9.

Work is usually 15-16 hour days at least 5 days a week sometimes weekends too.

Finding the balance between working hard and still having a life. I put in for my vacation this week for Dec and I have to make sure my dates are even approved first.

I know my job is stressful and there's a lot of running around, staring at computers, talking on the phone. When I get home I shower eat a little something and want to be in peace. My friends complain cause I never hang out my girl is impossible because we never see each other and she feels that she always has to call me.

I'm on the phone all day I don't want to do the same at night. I love my job and what I do so slowing down and switching paths now isn't an option.

I do know I'm exhausted by the time I leave. It's 11:40 now and I'm on the train heading home to sleep for a few hours before I go back into the office tomorrow (Saturday) to finish a deadline.

not sure what "wall street" means, but I have a close friend in investment banking at UBS there and I know what you're going through.

My work use to interact a lot with others in this field. You'll notice with the staff as the years of experience increase, between years 0-7, their waistlines also increase. Then when you hit managing director, you get skinnier and you work less.

Anyways, get your money while you can stand it. Then go find something that'll pay 80% of the rate but have 50% of the hours.

[ASAP]

Originally Posted by Flying Ace

not sure what "wall street" means, but I have a close friend in investment banking at UBS there and I know what you're going through.

My work use to interact a lot with others in this field. You'll notice with the staff as the years of experience increase, between years 0-7, their waistlines also increase. Then when you hit managing director, you get skinnier and you work less.

Anyways, get your money while you can stand it. Then go find something that'll pay 80% of the rate but have 50% of the hours.

If that was as simple as u just made it out to be... then one would genuinely have to be almost retarded not to take up that offer...

[Flying Ace]

Originally Posted by Lucky John

Make and bank all the money you can while your young. Shelter and invest that money and plan your exit. I assure you from experience, you cannot work 70 hour work weeks and have a family.

I can barely work 40 a week and have a family! lol.

When you hit 30 and get a kid...you have much less energy for anything else. So get your certificates, money experience now...b/c when you turn 30, you got to work smarter.