The standard rationalization I hear from finance people in London is "get in and get out".
stories/fantasies of going into Equity Sales/Trading/ibanking, making £100-400k /yr before age 30, saving a packet then being able to retire and live a jetsetter life in their mid 30s.
Then again, thats what everyone plans to do or says they know someone doing, but I have yet to hear of someone who actually did that - ibanking or trading and saved up a million and retired at 35 and lived off the interest.
Seems like far more go the path described here - get sucked into 80hr work weeks, settle for an LTR with an okay girl, and blow their cash on hookers, cars, and coke. Repeat until burned out, retired or dead from heart-attack, without actually having saved much or really lived. To be fair, seems like they're having a level of fun with it - but yeah, I think you can have more deep fulfilment+adventure with an average income, freedom of time, flexibility to travel, learn languages, do pickup, do meaningful work, etc.
Then again, if someone actually could go the "get in and get out" path, it would be pretty sick to have a mil or two in the bank at 35. If you could get there without destroying your health, you're set for life and could THEN do a lifetime of travel/adventure/learning just by living off a portion of the interest. Dunno if that's realistic or if there's any real life examples of people who've actually planned to do that and done that though.
what do yall think?
stories/fantasies of going into Equity Sales/Trading/ibanking, making £100-400k /yr before age 30, saving a packet then being able to retire and live a jetsetter life in their mid 30s.
Then again, thats what everyone plans to do or says they know someone doing, but I have yet to hear of someone who actually did that - ibanking or trading and saved up a million and retired at 35 and lived off the interest.
Seems like far more go the path described here - get sucked into 80hr work weeks, settle for an LTR with an okay girl, and blow their cash on hookers, cars, and coke. Repeat until burned out, retired or dead from heart-attack, without actually having saved much or really lived. To be fair, seems like they're having a level of fun with it - but yeah, I think you can have more deep fulfilment+adventure with an average income, freedom of time, flexibility to travel, learn languages, do pickup, do meaningful work, etc.
Then again, if someone actually could go the "get in and get out" path, it would be pretty sick to have a mil or two in the bank at 35. If you could get there without destroying your health, you're set for life and could THEN do a lifetime of travel/adventure/learning just by living off a portion of the interest. Dunno if that's realistic or if there's any real life examples of people who've actually planned to do that and done that though.
what do yall think?