• Sharebar

1st year quant analyst in a major midwest city.

salary is 85k + bonus.

expenditures-
Housing- $430/mo. I live in a large house with 4 other friends
Bus pass- $90/mo
food-$200/mo
1 nice weekend out/mo-$150
miscellaneous-$100

no car.

I live on under $1000/month. How SICK is this.

Comments (54)

  • xxix's picture

    I hate to go against the grain and go against all the long-time ballin posters, but I definitely agree with your lifestyle.

    Save money now and invest, so you don't have to have nothing to fall back to when you're umemployed and things go to shit.

    Smart move, OP...but all that comes at a price that i guess you're willing to pay.

    Man cannot remake himself without suffering, for he is both the marble and the sculptor. -Dr. Alexis Carrel

  • heister's picture

    I actually have you beat in every way.

    I make more then you.
    I have bitches drive me around.
    I eat out, alot.
    The secretary wants to blow me.
    I live in a city with way more easy pussy then you do.

    Im not sure how you can possibly beat me.

    AND I negoaited housing as part of my compensation package. POW!

    Follow the shit your fellow monkeys say @shitWSOsays

    Life is hard, it's even harder when you're stupid - John Wayne

  • wadtk's picture

    I eat very well...just not out. You can purchase a very healthy lunch from a grocery store (which you have to make yourself) for about 3.50. I eat very little for dinner, so the price for that comes out about the same...

    So, I eat well, feel great, maintain weight, and spend less money.

    "Easy pussy," imo, is probably easy for a reason.

    I'm 22, plenty of people on the street make more than I do because plenty of people are older than I am.

    I'm just watching that portfolio growww

  • heister's picture

    The people here are saying, that they live more baller lives then you. People (ecluding IP) who are in finance are there to live baller lives. You sir are openly bragging about not living a baller life therefore we look down at you. But you will more then likely get a SB from IP for living on the cheap. And FYI, I have you beat, by far, I make more and spend less and live way more baller then you.

    Follow the shit your fellow monkeys say @shitWSOsays

    Life is hard, it's even harder when you're stupid - John Wayne

  • In reply to wadtk
    heister's picture

    wadtk wrote:
    So you spend less than 1k/mo? Impossible given what you said earlier.

    No not impossible. I eat at the office, they provied meals. The firm pays for my housing. I spend on average 600 to 700 a month going out. I get girls to spend their own money to drive me around. I spend more money a month then you claim you do but I was doing an apples to apples comparison.

    Follow the shit your fellow monkeys say @shitWSOsays

    Life is hard, it's even harder when you're stupid - John Wayne

  • In reply to heister
    Brady4MVP's picture

    heister wrote:
    wadtk wrote:
    So you spend less than 1k/mo? Impossible given what you said earlier.

    No not impossible. I eat at the office, they provied meals. The firm pays for my housing. I spend on average 600 to 700 a month going out. I get girls to spend their own money to drive me around. I spend more money a month then you claim you do but I was doing an apples to apples comparison.

    Pretty sick. What city you in?

  • In reply to Brady4MVP
    heister's picture

    Brady4MVP wrote:
    heister wrote:
    wadtk wrote:
    So you spend less than 1k/mo? Impossible given what you said earlier.

    No not impossible. I eat at the office, they provied meals. The firm pays for my housing. I spend on average 600 to 700 a month going out. I get girls to spend their own money to drive me around. I spend more money a month then you claim you do but I was doing an apples to apples comparison.

    Pretty sick. What city you in?

    Several, I split work time between NYC, Boston and right now I am doing a project in Austin.

    Follow the shit your fellow monkeys say @shitWSOsays

    Life is hard, it's even harder when you're stupid - John Wayne

  • trazer985's picture

    1 weekend out / month.

    2 days in 30 you have to enjoy your life. You enjoy less than 6% of your life, assuming sleep is not counted.

    Some may wish they had your life, I ain't one of them. You are a slave to money and to the opinions of others. I"m happier than you could ever be.

  • AndyLouis's picture

    maybe good for the states, (though you are in the midwest....) but then compare yourself to the big internet marketers / global arbitragists / remote entrepreneurs living on $1-2k a month (and making x3 that min.) in beautiful 3rd world countries/paradises: bali/colombia/Bay islands/Boracay Philippines/ Kao Samui etc etc

  • bfin's picture

    You live in few parts of the country where you could work in finance and need to own a car yet take the bus. Are you IP's child?

    The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

    WSO is not your personal search function.

  • maximumlikelihood's picture

    wadtk wrote:
    1st year quant analyst in a major midwest city.

    salary is 85k + bonus.

    expenditures-
    Housing- $430/mo. I live in a large house with 4 other friends
    Bus pass- $90/mo
    food-$200/mo
    1 nice weekend out/mo-$150
    miscellaneous-$100

    no car.

    I live on under $1000/month. How SICK is this.

    Do things like computers, furniture, suits/shoes/ties/shirts, health insurance, gym membership and that all fall under miscellaneous? If so, $100 a month is quite good!

    If I were you I'd travel a bit and see the world with the money you have. You might realise what a great big place it is.

    Just Do It

  • In reply to heister
    Brady4MVP's picture

    heister wrote:
    Brady4MVP wrote:
    heister wrote:
    wadtk wrote:
    So you spend less than 1k/mo? Impossible given what you said earlier.

    No not impossible. I eat at the office, they provied meals. The firm pays for my housing. I spend on average 600 to 700 a month going out. I get girls to spend their own money to drive me around. I spend more money a month then you claim you do but I was doing an apples to apples comparison.

    Pretty sick. What city you in?

    Sweet. Those are all great cities. Interesting that you work at a hedge fund but split your time between multiple cities.

    Several, I split work time between NYC, Boston and right now I am doing a project in Austin.

  • In reply to heister
    monkeyc's picture

    heister wrote:
    I actually have you beat in every way.

    I make more then you.
    I have bitches drive me around.
    I eat out, alot.
    The secretary wants to blow me.
    I live in a city with way more easy pussy then you do.

    Im not sure how you can possibly beat me.

    AND I negoaited housing as part of my compensation package. POW!

    Enjoy the boom man, you're also facing a tougher bust than he probably is. That being said, if you have the skills, go where the growth is.

    Still though, unless you have family obligations/heavy loans or really want to start a business/go to grad school soon, I see no reason to subject yourself to that. That that point marginal benefits of well thought out, budgeted spending exclude the marginal costs for the vast majority of individuals making your salary.

  • In reply to ivoteforthatguy
    General Disarray's picture

    ivoteforthatguy wrote:
    take the thomas jefferson approach: live the life of an international playboy--wine hard, dine hard, fuck on three continents and die in huge fucking debt (he was $20,000 in the hole in early 19th century dollars. someone inflate that to 2011 USD for me).

    $455,000.00 using the Consumer Price Index
    $484,000.00 using the GDP deflator
    $12,500,000.00 using the nominal GDP per capita
    $339,000,000.00 using the relative share of GDP

  • In reply to monkeyc
    heister's picture

    monkeyc wrote:
    heister wrote:
    I actually have you beat in every way.

    I make more then you.
    I have bitches drive me around.
    I eat out, alot.
    The secretary wants to blow me.
    I live in a city with way more easy pussy then you do.

    Im not sure how you can possibly beat me.

    AND I negoaited housing as part of my compensation package. POW!

    Enjoy the boom man, you're also facing a tougher bust than he probably is. That being said, if you have the skills, go where the growth is.

    Still though, unless you have family obligations/heavy loans or really want to start a business/go to grad school soon, I see no reason to subject yourself to that. That that point marginal benefits of well thought out, budgeted spending exclude the marginal costs for the vast majority of individuals making your salary.

    Not sure what you are addressing in my post. But no he is facing a far tougher bust then I am. I could get fired today and continue to live my current lifestyle with out the need to find another job. Or I could step up my lifestyle considerably and still not need to get a job. My working salary is but a minute part of my overall yearly capital intake. I work because I enjoy what I do, not because I have to.

    Follow the shit your fellow monkeys say @shitWSOsays

    Life is hard, it's even harder when you're stupid - John Wayne

  • In reply to Brady4MVP
    heister's picture

    Brady4MVP wrote:
    heister wrote:
    Brady4MVP wrote:
    heister wrote:
    wadtk wrote:
    So you spend less than 1k/mo? Impossible given what you said earlier.

    No not impossible. I eat at the office, they provied meals. The firm pays for my housing. I spend on average 600 to 700 a month going out. I get girls to spend their own money to drive me around. I spend more money a month then you claim you do but I was doing an apples to apples comparison.

    Pretty sick. What city you in?

    Sweet. Those are all great cities. Interesting that you work at a hedge fund but split your time between multiple cities.

    Several, I split work time between NYC, Boston and right now I am doing a project in Austin.

    It looks like you forgot to include a post.

    Follow the shit your fellow monkeys say @shitWSOsays

    Life is hard, it's even harder when you're stupid - John Wayne

  • In reply to bfin
    cphbravo96's picture

    blackfinancier wrote:
    You live in few parts of the country where you could work in finance and need to own a car yet take the bus. Are you IP's child?

    ^^This for the win!!

    I would swear you were IP's illegitimate love child but I'm sure the thought of possibly ever paying child support leaves him so paralyzed with fear that he took a vow of celibacy and conducted a vasectomy at home 1) to make sure it was actually done and 2) because he invested his insurance co-pay in a Roth IRA.

    Regards

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan

  • CompBanker's picture

    You need to strike a balance between frugality and comfort. Once you have a reasonable savings built up, you really need to start spending money on things that make you happy. This could be travel, food, conveniences, whatever it may be. I'm a big fan of savings myself and continue to build a large savings, but I pick and choose where to cut costs carefully. Being thrifty isn't necessarily about spending the least amount of money possible, but more about getting the most bang for your buck.

    CompBanker

  • In reply to wadtk
    nonTargetChimp's picture

    wadtk wrote:
    Absolutely love c++, projecteuler.net, xbox 360, and going out to bars/clubs. Not much of a drinker.

    OP look-alike:

    Kidding brah. Now I'm thinking along the same line with you, I just want to make enough for basic needs and spend like you. After work, I want to play soccer simulation, drink beer on weekdays and booze at weekend. Hope my gf move in with me in NY in the summer as well.

    Nobody wants to work for it anymore. There's no honor in taking the after school job at Mickey D's. Honor's in the dollar, kid.

  • In reply to wadtk
    heister's picture

    wadtk wrote:
    I hear all of you. About to pay off all of my student loans in one lump sum. Has been worth it to live "lightly."

    So many recent grads (whether MBA/MS/BS) spend their money on the dumbest shit.

    Whenever I spend $25 I say to myself, "there goes another share of Microsoft."

    When ever I spend money on drinks I say to myself "Easy pussy tonight pal."

    Follow the shit your fellow monkeys say @shitWSOsays

    Life is hard, it's even harder when you're stupid - John Wayne

  • In reply to heister
    jaschen27's picture

    heister wrote:
    wadtk wrote:
    I hear all of you. About to pay off all of my student loans in one lump sum. Has been worth it to live "lightly."

    So many recent grads (whether MBA/MS/BS) spend their money on the dumbest shit.

    Whenever I spend $25 I say to myself, "there goes another share of Microsoft."

    When ever I spend money on drinks I say to myself "Easy pussy tonight pal."

    Can't tell if serious

  • In reply to jaschen27
    heister's picture

    jaschen27 wrote:
    heister wrote:
    wadtk wrote:
    I hear all of you. About to pay off all of my student loans in one lump sum. Has been worth it to live "lightly."

    So many recent grads (whether MBA/MS/BS) spend their money on the dumbest shit.

    Whenever I spend $25 I say to myself, "there goes another share of Microsoft."

    When ever I spend money on drinks I say to myself "Easy pussy tonight pal."

    Can't tell if serious

    Do I ever kid?

    Follow the shit your fellow monkeys say @shitWSOsays

    Life is hard, it's even harder when you're stupid - John Wayne

  • In reply to heister
    jaschen27's picture

    heister wrote:
    jaschen27 wrote:
    heister wrote:
    wadtk wrote:
    I hear all of you. About to pay off all of my student loans in one lump sum. Has been worth it to live "lightly."

    So many recent grads (whether MBA/MS/BS) spend their money on the dumbest shit.

    Whenever I spend $25 I say to myself, "there goes another share of Microsoft."

    When ever I spend money on drinks I say to myself "Easy pussy tonight pal."

    Can't tell if serious

    Do I ever kid?

    I'm guessing at least sometimes, seeing as how you're such a complete badass

  • Will Hunting's picture

    "Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.

  • In reply to ekimlacks
    Will Hunting's picture

    "Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.

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