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Old 21-02-2022, 07:03 PM
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Originally Posted by Unregistered View Post
Your example is far too simplistic because nobody earning 300k is going to spend all of it. Btw which bonds which aren't complete junk are going to pay 4% in the current market?
Don’t bother with this Uni kid. He thinks he read enough articles on the internet and thiught he has figured out life.

The reality is to reach $300k salary you need to invest a lot as well, especially in banking. Play golf with your boss, cycling on the weekend with the other managing directors and peers. Wine/whiskies and dinners with your team mates etc. you don’t necessarily have to suck up your boss, but you have to build network within the company, and the industry.

Spends $36k a year and saves $264k to invest in bonds? Please la… This kind of mentality is so naive, that’s why you don’t make $300k pa. You don’t even bother to invest in yourself.

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