Is salary alone enough??
We are all aware of the handsome salaries that investment banking offers But the question is: Is the salary you receive enough to go by the expensive NY lifestyle, or any other hotshot city as such. If spent conservatively, will i be saving some cash at EOY ??? Will i be amassing at-least tiny fragments of wealth(well obviously over time) or will i have to wait for the “your salary is credited” message to splurge a little here & there
Ps- student preparing to enter IDB
It's not fucking enough bro. No where fucking enough bro. You make $100k base and keep like $68k. Sorry, I'm still pissed because I didn't know that going in, especially in NYC.
The fact that you didn't know that there were taxes taken out of a paycheck explains why nearly 6k a month post tax isn't enough for you. Yes this should be absolutely plenty with some left over to save each month as well while living a quite comfortable lifestyle. 2k a month on rent is leaving you with 4k a month to attend to everything else you could need.
68,000/12 = 5,666.6666667
Where am I making nearly 7k a month?
How did you make it this far in life without knowing you'll get a decent tax refund as an intern?
Who else is gonna pay for the welfare?