If someone gave you 150k to quit banking/reject your offer...
What would you do?
Obviously the money would not be to spend on whatever you want.
You can't just quit/turn down the offer, take the money, and get back into finance.
It would be to go create a business/startup or do something you truly enjoy. Thoughts?
Why would you give up an offer that could easily lead to much more than $150,000?
This is $150,000 after taxes which takes at least 2-3 years to get as an analyst (note this is 2-3 years of the prime of your life), and you'd have to live frugally throughout those years.
I'd take it in a heart beat and try to launch a business
Only if I had a business idea I felt strongly about and needed seed money for. If I did not have anything in mind? Absolutely not.
invest in my head - experiences... do crazy, costly shit
What if I told you: I really enjoy working in capital markets?
It's not enough but I'll bite. This would be a one year plan and I'm assuming the 150 is after tax. I'd pay off my student loans, pre-pay rent in downtown Chicago for one year, enroll to get my teacher certificate, coach a youth hockey team full time and find someone to co-found a goalie school with.
Student Loans (-20,000) Rent (-24,000) Teaching Cert (-25,000) (This is just a guess, not sure how much the one year program is) Coaching +10,000 Goalie School (-6,000) (This is basically one time costs such as equipment that I would need, revenue would offset all labor costs, insurance, ice time, etc. Yes I did an excel breakdown for this) 85k left over for living expenses/IRA contribution/etc
So basically now after one year I am a teacher (~50k/year to start in Chicago Public Schools), I coach hockey (~10k/year to start) and now in the summer I have a business for doing goalie camps/personal goalie coaching (I'm guessing over the summer I could probably net another 10-15k depending on how many camps and how much coaching I want to do) and about 50k give or take left over.
I'd pile into the goalie school idea with you, but I dunno how easy I could live off of a pretax 50k once you factor in the wife-ness/potential family situation. Or maybe you're describing the ideal life in which there is no family and you can coach all the time and actually be happy. But I don't think anyone wants us to be happy :(
Commodi nemo consequuntur consequatur non saepe ut et. Ut maiores quod consequatur qui. Et dicta dolorem distinctio. Reiciendis a et ipsum magni ut. Adipisci expedita sequi itaque deserunt voluptate quibusdam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...