Spending your first IB check on a loved one
If you could spend your entire first IB check ($110k prorated) on your family, what would you buy them? Nonessentials only.
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Interested as welll
I wouldn't buy them shit
It’s a job bro. You didn’t just win the lottery
It’s also just one check “bro”. You didn’t just spend your life savings. You can probably afford to treat the people you love but do you man. It’s way more important that you put another few grand into TQQQ.
This is just the first check. First checks cover rent/startup costs. Don't know what your housing/startup costs are, but I don't think you'll be able to meet all your obligations and spend on some expensive material items for your family, intern.
I'm loading up my SQQQ boats instead rn lol. Will switch back to TQQQ when I see a full fledged market crash and the VIX above 60
Currently an SA so I won't have the total comp money to spend but to start I would like to get a top of the line ergonomic chair for my mom who can't be bothered to sit with proper posture and doesn't see the point in spending money on these things. Just hoping that the chair will relieve some of her minor back problems she's had. Maybe pay for a personal trainer or whatever that can help with longevity and health.
Then, a very decent meal for my mom and some people to thank them for supporting me along my journey insofar.
Down the road, I’d like to pay for the vacations to said parties, probably only part of it given my means in the short term (they go on expensive trips). They have done so for me and I’d like to reciprocate.
They are all retired and wealthy, and could completely afford these things so it really is the thought and the underlying message.
Would be interested to hear thoughts of others.
I gotta buy myself a really good laptop first seeing as my bb didn't give one to any of us for this summer but want us hybrid.
Citi?
I find this so bizarre. Even though they aren't providing any laptops they should.
Oh my 30k after tax/rent/food?
Wouldn't necessarily spend my very first check on a family member, but think sometime in the first year it would be great to treat them to a long weekend somewhere fun and to some nice meals. Time spent with loved ones, especially in IB when you have so little free time, is more valuable than any material item
.
Tell me you're a rich WASP without telling me
I’d get them a new home desktop or laptop and it’s something worth looking into. Chances are they’re still using something somewhat outdated or low-res.
Newer computers have higher resolution and better graphics
It is tradition in our family to spend the entire first months' paycheck of your career on the people who raised you. I got a cruise for my parents inclusive of a new wardrobe, and my sister got them an Apple iMac and other home wares they wanted for their house.
are you indian? I feel like I have heard that too
No, white. But Catholic.
I don't think this has anything to do with race though, a friend from Africa does the same thing and they live in Jo'burg.
I’m a first-gen college student who moved here at 14. I used to joke around with my dad growing up about how I’d get him an S500 Benz once I became a doctor. Surely I didn’t become a doctor but I came through with my promise. I had a very good year and was fairly compensated. And to be completely honest, the way he looked at me when I drove into the driveway is worth more than the year I spent slaving away for that money.
Nice!
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