On the cusp of another all-nighter, a colleague asked me what my minimum $ cutoff would be to not come into work tomorrow (or ever again)...factoring in all the consequences of such an action.
During normal conditions, I'd feel like I'm low-balling myself if I say $600-700k, but that would be enough for me I think.
He said at least $1m for him.
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i assume that it would be pretty tough to land a new job right (i.e. one that has lower hours/is more desireable, but possibly pays less that youd supplement with the extra money)
well i havent started working, but i think the number is a few million for me...i dont think 600k could generate enough passive income for me
With quality experience and a good attitude/personality, you could land another job with less hours but a survivable paycheck. That 600k in the bank would be a nice cushion to supplement your lesser pay.
I wouldnt assume it would be impossible to land another gig. If that were a valid assumption, then the price would probably be much higher than 600.
150k
I am serious.. to walk out of my job would cost thatr much.. going on 5 years in the biz and saved along with being able to lev my exp into something else. no one said I could not work somewhere else tomorrow.. just walk out today... 150k is enough to hold me until next bonus's movement and spend some time with my family... thinking about it more.. I can do it with half that but why leave any dollars on the table
$1.7 million or a lifetime inflation-adjusted annuity of $60K/year.
Telephone, computer, fax machine, 52 weekly paychecks, and 48 airline flight coupons.
SWEETNESS!!!!
My girlfriend came over one day & found me in the process of shaving my head, a black eye, and beat-up knuckles. WTF. The first rule of fight club is there is no fight club.
Cans
Glasser at Citi was still paid through his contract but didn't show up to work for 3 months. Now he started his own prop FX shop...lol
To not work ever again or to not come back to your current job? If it's the former, all of you are either extremely low or come from impoverished backgrounds.
The entire reason I got into banking was that I liked playing with money and wanted to retire early.
$60K/year inflation-adjusted makes for a very nice life anywhere between the Sierra Nevadas and the Appalachians. Of course the expectation would be that the wife also had her $60K/year annuity, too.
My thinking was more along the lines of analyst leaving and having his reputation ruined on the street. Which basically means he probably wouldnt get a decent FO gig any time soon.
Wouldnt necessarily be ruined as an analyst - if you had something sweet lined up...otherwise yea haha maybe blackballed
I left my analyst stint a few weeks back - took a 50% paycut....don't think i could ever regret it - not with this smile, ear to ear baby
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