Anyone care about money more than the things it can buy?

I'm from a working class UK family (both parents primary school teachers). The idea of having large amounts of wealth seems very appealing, but I can't quite grasp why, considering the thought of spending it isn't. When I look at obscene clubs, yachts, houses, I feel a bit sick about the amount of resources used. Not saying I'm against people buying them - just I can't personally see how they would make me any happier.

Despite this, the thought of having a large pool of wealth to leave behind to my kids/grandkids seems very appealing.

Perhaps it is the security of having more than enough - even if property/rent skyrockets, you know you will still be able to live comfortably and be able to provide for your family. 

Maybe it's the freedom of work - if you have a large enough pool, you can create an income through a much wider spectrum of work opportunities, allowing you to do what you want. Maybe you can run that non-profit whilst living very comfortably yourself, maybe you can invest into that risky startup and be okay if it goes wrong.

Could it be the power? Money allows you to do what you want, when you want. And if anyone has anything against that, you can throw money at them until they disappear. 


Interested to hear your thoughts.

 

Sit illo nemo rerum asperiores. Similique dicta molestiae autem cupiditate. Quisquam facere maiores id eveniet illo deleniti sunt.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”