Savings cushion as first year
When starting out as a first year analyst, or when you were a first year analyst, did you have a level (absolute or percentage) that you aimed to have saved in your bank acc?
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I would aim to have about $10-15k in my checking account before bonuses are paid out in a year, which works out to around 10-15% of your pre-tax base salary. Most of my friends also tried to max out their 401k contribution ($19.5k I believe).
So you mean they tried to max out their 401k in addition to the 10-15k saved in checking?
I try to invest about 75% of my levered cash flow (post tax / rent) on cigs, nose bangers, and suck downs for the boys. The rest is spent on a combo of food, tinder gold, and V bucks. Planning on ripping my next bonus on new sleds and diamond stud nip piercing for my gf (she is going for a more modern goth chic vibe these days). Lmk if any questions.
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