Goldman Sachs to Homeless (How can this be?)
I am curious how can this possibly happen?
100k+ Salary is suppose to go far, is anyone else who has been in this boat, how much of your salary do you keep after all expenses are paid off?
Is it morally correct for a former banker to be collecting money from civilians (Please try to be as positive as possible given the unfortunate circumstance)
I didn’t want to write this.
But I promised myself I’d tell the truth.
I’m facing eviction.
Near the end of my time at Goldman, I missed a court date tied to unpaid rent. A default judgment was entered — and I could be locked out of my apartment this week.
I’ve always prided myself on resilience. I worked hard, rose fast, and rarely asked for help — even when I should have.
But today, I’m asking.
I’ve launched a GoFundMe to help cover back rent and stabilize my housing situation while I navigate the legal process.
If you’re able to donate, share, or even just send a kind word — I’d be deeply grateful.
I know how this sounds.
I worked at one of the most prestigious firms on Wall Street.
But prestige doesn’t pay rent.
And resilience doesn’t mean doing it all alone.
Thank you for reading. And thank you for reminding me that community still matters.
- Source Linkedin
Not really sure lol. There has to be some sort of background information that's missing from here because this is just laughable. Maybe he had some gambling/drug problems?
A fool and his money are lucky enough to get together in the first place.
Don’t think he stayed his full first year and didn’t receive a bonus
You'd be surprised at how many decently earning people are living from paycheck to paycheck, subconsciously "borrowing against the future" by telling themselves that "oh my lifestyle will stay roughly flat and when I make more next year I'll save the difference." I'll admit I've fallen into that trap before.
Yea, it shocks me how many PE associates say they mostly spend their base salary and then just put their bonus into savings on this site. That’s a lot of money you are leaving on the table. If you get screwed on your bonus or get fired, you dont have much to show for it.
Also, student loans are no joke and if you had to take private loans then that interest can eat away at your money fast
The "keeping up with the joneses" mentality that exists in finance is harmful for this very reason. And I 100% get the temptation. "You're in PE - you should be balling." Hell I was just in research out of school and still felt that pressure. It's one thing that tech culture does very very well. I know people a few years younger who went into SWE at FAANG, living with 3 roommates, never taking an international trip those first few years who were easily saving like 70% of their comp.
Karma for not answering my networking emails…. Sorry buddy have fun on the streets
You wouldn’t have wanted to talk to him anyways
There are a ton of dishwashers, cab drivers, etc. that would rather have their hands or legs amputated than publicly beg for money this way. Purely as a matter of pride and self respect
Granted I don't know this person's exact circumstances, but I think I'd rather light my own money on fire than give it to him.
There is a certain "extroversion" to IBD that I can see leading someone to be shameless enough to do this.
Doesn’t it take a while for unpaid rent to lead to an eviction? Would mean the person actually worked at Goldman for a while so should have money saved up.
Maybe there's other things going on in their life but crowd funding is a reach, you're unlikely to raise enough for the average legal retainer or a months rent.
I’m sorry but I can’t help but think that anyone homeless in the US is homeless because they pissed off the last 4-5 people who tried to help them. Look deeper. The type of person who gets hired at Goldman should be smart enough not to get one-shotted by such problems. I really do feel for unintelligent people though. Our society is increasingly difficult to navigate for someone operating without a full deck of cards. Just watch elderly or mentally retarded people try to do things like pay a bill online. What’s your password, download this Authenticator, we texted and emailed you, go to the DMV, etc. It sucks but you do need to design things for the lowest common denominator.
Isn't this from the kid who had a breakdown, quit, and then came into the office demanding to be rehired and then got escorted by security or the police?
Update: so this guy deleted his LinkedIn posts for his gofundme but conveniently not the gofundme which is up and still receiving donations, and 2 days ago posted about him pulling research from Goldman. His LinkedIn still says GS and FINRA still says GS; I can’t imagine how shameless someone has to be to fake a situation like this for 500$ from people who probably make less than him
I knew him personally, and he never plays. I don't think he was faking it. GS was just treating him like shit.
In my own group, analysts who have spoken up to the staffer/BUM about culture issues (from gossip/rumor spreading creating a hostile work environment to disrespect from asso/VP to unreasonable hours) have historically been assigned the worst teams to ensure they are bottom bucket. This is how they maintain and perpetuate their culture: by ensuring people who have a problem with something that happened in the group aren't a "good fit" and are coached out. But he was an athlete at Stern, did multiple IB internships, hardworking, mentored people to get into IB. He was a great fit for the firm and has a ton of potential.
The staffer probably just didn't like that he spoke up about unreasonable treatment and wanted him out. Glad he spoke up.
That still doesn't justify the fund raising.... can't he go to his family, friends etc for help instead? I'm in agreement that this is a very shameless move.
my point was it doesn't look like he was fired at all, and to me seems like he made up getting fired to collect some funds. he's deleted the posts about being homeless/fired, his linkedin+finra both says he is still working there and he is posting about using GS research now
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