12/21/10

I don't think BB's are going to be able to pay the ridiculous sum they used to pay just because of public pressure and increased funding charge/tax/regulation. It's not going to be bad pay, especially consider to other things, but I just don't expect anyone to make a million in S&T by 30 that easily these days.

What are your thoughts?

Comments (23)

Best Response
12/22/10

sounds like the no wife or kids option is a pain in the a*** though.

http://www.jasonbondpicks.com
12/21/10
In reply to monty09
12/21/10
In reply to WestCoastMonkey
12/21/10
WestCoastMonkey:
monty09:

when was it easy?

+1

In his wet dreams

12/21/10

Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)

22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k

In total that is: 1.1 mil GBP

And I feel that those figures are on the conservative end.

Per year on the other hand...

In reply to derivstrading
12/21/10
derivstrading:

Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)

22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k

In total that is: 1.1 mil GBP

And I feel that those figures are on the conservative end.

Per year on the other hand...

if you live with your mom the whole time it is HIGHLY possible...

let me inform you on the two B's that will break every mans wallet.... *itches and booze......

In reply to monty09
12/21/10
monty09:
derivstrading:

Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)

22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k

In total that is: 1.1 mil GBP

And I feel that those figures are on the conservative end.

Per year on the other hand...

if you live with your mom the whole time it is HIGHLY possible...

let me inform you on the two B's that will break every mans wallet.... *itches and booze......

haha you nailed it

In reply to derivstrading
12/21/10
derivstrading:

Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)

22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k

In total that is: 1.1 mil GBP

And I feel that those figures are on the conservative end.

Per year on the other hand...

I doubt that is what the OP talked about. Grossing $1m by 30 isn't a huge accomplishment and roughly half of that will be gone from taxes anyway. If you were super conservative, you might have 20% of that gross amount by the time you were 30, so pretty far off from having $1m in liquid assets.

I don't think it was ever 'easy' to become a young millionaire outside of simply being lucky.

In reply to monty09
12/21/10
monty09:
derivstrading:

Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)

22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k

In total that is: 1.1 mil GBP

And I feel that those figures are on the conservative end.

Per year on the other hand...

if you live with your mom the whole time it is HIGHLY possible...

let me inform you on the two B's that will break every mans wallet.... *itches and booze......

so tru..all wall street info sessions for students should begin with this.

http://www.jasonbondpicks.com
12/21/10

Don't work in a bank?

Then it's easy.

12/21/10

Maybe if you don't do the whole MBA thing?

22 - Analyst - 140K
23 - Analyst - 170K
24 - Associate - 220K
25 - Associate - 250K
26 - Associate - 280K
27 - VP - 350K
28 - VP - 400K
29 - VP - 460K
30 - VP - 520K
31 - MD BOOM - $1m?

These numbers are probably total BS.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

12/21/10

Even in IB, you could be earning close to that by 30 if you go straight through... you would be close to director level by then (2nd/3rd year VP at least, which = ~750k USD, or ~400 after-tax). Accumulating 1 mil in net worth by then is doable if you're frugal enough. The problem is, most of us aren't. I'll admit... I enjoy the money I earn and don't regret it in the least

12/21/10

I will put it to you like this... I was at BMW looking at a new car... next to me was a young gay couple looking at M5 ($98k).. I asked my wife how a guy that young could afford that car... easy.... the two things that take most men money is not in a gay mans life... Wife and Kids

so out of wife, kids and taxes...GOOD LUCK

In reply to monty09
12/21/10
monty09:

I will put it to you like this... I was at BMW looking at a new car... next to me was a young gay couple looking at M5 ($98k).. I asked my wife how a guy that young could afford that car... easy.... the two things that take most men money is not in a gay mans life... Wife and Kids

so out of wife, kids and taxes...GOOD LUCK

Good luck indeed hahaha

Please don't make me talk to you like an asshole...

12/22/10

^LMFAO!!!

-MBP

In reply to monty09
12/22/10
monty09:
derivstrading:

Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)

22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k

In total that is: 1.1 mil GBP

And I feel that those figures are on the conservative end.

Per year on the other hand...

if you live with your mom the whole time it is HIGHLY possible...

let me inform you on the two B's that will break every mans wallet.... *itches and booze......

Not true. The cost of being single even if your going out regularly is nothing compared to the cost of having children. Bang out kids before you are thirty and the whole math changes. Year 1 for a baby in NYC = at least 5 years of chasing around girls as a bachelor. If you are an MD at 30 then Year 3 for your kid you will likely be carrying around a 20k/year private school bill along with at least one full-time nanny.

In reply to Bondarb
12/22/10
Bondarb:
monty09:
derivstrading:

Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)

22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k

In total that is: 1.1 mil GBP

And I feel that those figures are on the conservative end.

Per year on the other hand...

if you live with your mom the whole time it is HIGHLY possible...

let me inform you on the two B's that will break every mans wallet.... *itches and booze......

Not true. The cost of being single even if your going out regularly is nothing compared to the cost of having children. Bang out kids before you are thirty and the whole math changes. Year 1 for a baby in NYC = at least 5 years of chasing around girls as a bachelor. If you are an MD at 30 then Year 3 for your kid you will likely be carrying around a 20k/year private school bill along with at least one full-time nanny.

I think you overlooked that fact that you're going to need, at least to my knowledge, a broad to make that baby happen. Financing that broad will soak up a lot of your cash, the kid will just compound that problem.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

In reply to Bondarb
12/22/10
Bondarb:
monty09:
derivstrading:

Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)

22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k

In total that is: 1.1 mil GBP

And I feel that those figures are on the conservative end.

Per year on the other hand...

if you live with your mom the whole time it is HIGHLY possible...

let me inform you on the two B's that will break every mans wallet.... *itches and booze......

Not true. The cost of being single even if your going out regularly is nothing compared to the cost of having children. Bang out kids before you are thirty and the whole math changes. Year 1 for a baby in NYC = at least 5 years of chasing around girls as a bachelor. If you are an MD at 30 then Year 3 for your kid you will likely be carrying around a 20k/year private school bill along with at least one full-time nanny.

for the slow people...

you spend x($$) to met y(girl)

you send more of x to get y to open legs

you send even more of x to buy diamond for y cause she makes yours little toes curls

y takes x to zero on wedding, house, suv

In reply to Bondarb
12/22/10
Bondarb:
monty09:
derivstrading:

Mil before 30 cumulative surely isnt the most difficult thing if you are in an FO position the whole time.
Start at 21 (all in GBP)

22: 65k
23: 80k
24: 100k
25: 120k
26: 140k
27: 140k
28: 140k
29: 160k
30: 160k

In total that is: 1.1 mil GBP

And I feel that those figures are on the conservative end.

Per year on the other hand...

if you live with your mom the whole time it is HIGHLY possible...

let me inform you on the two B's that will break every mans wallet.... *itches and booze......

Not true. The cost of being single even if your going out regularly is nothing compared to the cost of having children. Bang out kids before you are thirty and the whole math changes. Year 1 for a baby in NYC = at least 5 years of chasing around girls as a bachelor. If you are an MD at 30 then Year 3 for your kid you will likely be carrying around a 20k/year private school bill along with at least one full-time nanny.

and if monty needs to post up his rules on "pimping on the cheap"... i will for x mas.... your welcome

12/23/10

Jeeze, you guys waste waay too much cash on y(girl) or whatever nerdy crap you call it. Havent you ever heard of charming a girl and having her fall head over heals before she ever sees a dime? go ahead waste your cash, id never want one of those gold digging hoes.
Private school is for sissies and who needs a nanny when your wife, mom and mother in law can take care of a kid full time, nuclear families arent the best thing thats happened, close extended families are a blessing.

In reply to kiwiserv
12/23/10
kiwiserv:

Jeeze, you guys waste waay too much cash on y(girl) or whatever nerdy crap you call it. Havent you ever heard of charming a girl and having her fall head over heals before she ever sees a dime? go ahead waste your cash, id never want one of those gold digging hoes.
Private school is for sissies and who needs a nanny when your wife, mom and mother in law can take care of a kid full time, nuclear families arent the best thing thats happened, close extended families are a blessing.

charm does not pay bills buddy.. if you just want to knock up some random girl... just bend over afterwards so the attorney general can get a piece too..

In reply to kiwiserv
12/23/10

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12/23/10

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