I am really surprised to read that investment bankers and senior bankers are earning only $12k to $14k pm. Thought they were all boasting that they earn big bucks.
If $12k to $14k pm was their actual salaries then many are really living beyond their means.
So would you prefer "High" salaries but short shelf life or slow but steady progression till retirement at 55 or 65.
I am in the slow but steady type of profession. Starting salary was really low (below $2k) and current pay above those investment and senior bankers and into my 32nd year of work.
Because of the initial low salary, I built up the habit of frugal and simple living. We currently own 2 condos and 2 cars (mass market type, nothing fancy) and our passive income is $150k pa.
Quote:
Originally Posted by Unregistered
I had a friend who was a banker last drawing about $12k a month.
couldn't hit sales target as he got older and subsequently
got retrenched; Sales target keep increasing.. stress level too.
Because he's about 40, no one is willing to pay him that amount
not even half of it. He basically had 0 experience besides
doing sales.
So now, end up with a 3k plus month job.
family of 4 to feed, sold house, sold car, wife suck thumb got to start
working because previously $12k comfortable enough for all.
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