Quote:
Originally Posted by Unregistered
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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This makes quite a fair bit of sense. Someone living the caipng 3k lifestyle would likely not even get into upper echelons of management because of “being unable to fit in”
Also, many people who are able to get hungry to make more money genuine love/are driven to manage their jobs; a lot of it encompassing managing your team, reporting upwards and handling clients