How Long....? - Losing 2 years of earnings?
Just wondering....
About how long would it take to amass a liquid net worth of 2 million (My magic number) if you followed a strict career path at a BB in IBD, and assume you were internally promoted to associate rather than getting an MBA and losing 2 years of earnings?
Assume NYC taxes as well :(
(Most people assume that working at Goldman is a get rich quick scheme that will put them out the door at 35 with a house in the hamptons and a private jet, but when you do the math about your earnings and assume you can get a nice 8.5% on your investments, your really going to be have to be working for the man for quite some time . )
Just curious to see how long people think it would take?
Damn dude might as well be a fund manager if you can get those returns.
High yield bonds?
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