If you had to start your life over again, what would you change?

What you would change and what advices you would give to a 20 years old kid to be successful in life does not matter if it's in finance or another field!

Comments (48)

May 23, 2018

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Funniest
May 23, 2018

Attend a target elementary school.

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May 23, 2018

Haha, good one! Start a LBO modeling club after recess.

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May 27, 2018
ItsTheSoggyBottomBoys:

Haha, good one! Start a LBO modeling club after recess.

My middle school had something called the 'Stock Market Team'. There were about seven of us on the team. We had to pick stocks and make a diversified portfolio to maximize returns over the school year.

We threw darts at the board, picked McDonalds and Chevron and some other stocks. We didn't even do a margin of safety calculation! We ended up maximizing returns and doing well in the state competition by throwing darts at a board and went to a fancy dinner at the state capital.

I still have a picture of the 7 of us when we were like 9 years old with 'Stock Market Team' shirts on. Gold.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 27, 2018

Funny you say that, a lot of those rich families put their kids into prep elementary schools to get into the best prep highschools to get into the Ivy League schools to get into BB FO.

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May 27, 2018

I think they do it to get their kids into Ivy League schools, but don't think they then think about it getting them into finance. Probably more to give their kids "options" to do whatever they want with their life

Jun 21, 2018

if you are being serious, that is actually pretty sad someone would go through that. Plus, public school builds character.

May 23, 2018

Make the most of your time in college. Keep working hard and networking, but do some cool shit too. Cool shit =/= getting drunk and fucking as many people as possible, it's taking the free time you have to do stuff which you would like to do and wont have to time to do when you're working full-time.

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May 28, 2018

Sounds exactly like getting drunk and fucking as many people as possible.

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May 28, 2018

You'll have plenty of time to do that when working full-time, even if working 80-100 hours a week. You wont have time to pursue time consuming hobbies or travel without being disrupted by work, assuming you're even in a position to pursue hobbies / travel in the first place.

May 28, 2018

I'm already feeling this and I'm 18. I remember my mates in the year above me travelling and doing cool shit when I was in my final year of school and I was like that will be awesome. Sure enough I've done nothing really fun since I left school. I'm now half way through my first year of university getting good marks and I gave up a round the world trip with my mates for an internship later on this year. Already feeling like it was the wrong choice.

May 28, 2018

You may need to make those sacrifices unfortunately. If I didn't intern every summer, I wouldn't have landed my IB SA position. If you're on track though to land Spring Weeks, you can worry less about internships in your summer prior to the penultimate year.

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Jun 14, 2018
MidMarketMcLovin:

Cool shit =/= getting drunk and fucking as many people as possible

Gay

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May 27, 2018

My family were backwards idiots so I sometimes wish I would have tried to transfer myself to the local prep school on financial aid. Peer group is so damn important, as is pre-college prep. You can get into the same college as the polished rich kids but their academic and social IQ is so much stronger. Everyone is not on an even playing field during welcome week that's for sure.

Most Helpful
May 28, 2018

If you were at 20, you are already at school. There are many things that I can tell you but without knowing the details, it will be very difficult. So I will focus on things that apply to everyone:

  1. Take responsibility for your own mistakes. Learn how to deal with failures head on. Drop your ego and admit mistakes when you do so. Learn from it and move on. Be accountable.
  2. Have a growth mindset. See weakness as areas to improve on; rather than as set fixed failures. For example, being introverted. Do not use being introverted as an excuse not to connect with people. Rather than being talkative, find other ways that you can relate to others.
  3. Delay instant gratification. Whatever you decided, focus on it. Do not get bother by opinions of others. If working at silicon valley is what you want, just stick to it. Don't let people change your life long decision or have self doubt.
  4. Get rid of toxic people. Have balls to say no to people and also cut off people when they are no longer contributing to your growth. You don't have much time. From 20-30, a lot of decisions you made will have a permanent impact on your life like who yr best friend is, who you married to, where did u finish school, what is your first job, and which city you settle in.
  5. To accept that life is painful and there is no way around it. No matter how successful you are, it is only for a moment. Life is a constant process of rebirth. And pain is a part of the process. So pick what you are willing to suffer for like getting six packs, getting that promotion, saving money for your rainy day fund, or ditching everyone to move to another county for a life changing career opportunity. Everything that is worth having is painful and you need to be okay with it.

If you can get at least 2 of these 5 things right, you will be far ahead of a lot of people. Life is not really that complicated, it is just made up of a few universal truth: never ending suffering, change and rebirth.

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May 29, 2018

When I was way younger I had the opportunity to bang this girl who was the hottest at my school - had the best ass I have ever seen, some nice titties too.

She invited me to go and chill one night at her place (like an hour or so drive). On my way down, its like 9pm at night, I start to feel symptoms of Strep throat. Anyway, I soldier on and I arrive at her place with zero energy to bang.

She said we can hang another time after she saw how sick I was, but by the time I recovered she was on holidays and then I ended up moving cities shortly after that. Now she is dating some dude and they recently got engaged.

So yeah, my advice would be to always get your tonsils out when you're younger. Being sick can have adverse consequences that you'll live with for the remainder of your life.

That ass still fat though.

'I'm jacked... JACKED TO THE TITS!!'

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May 28, 2018

2nd this. Just got mine out and was miserable for a year since I couldnt get 2 weeks off work

May 29, 2018
Chuck Rhoades:

She said we can hang another after she saw how sick I was

That took a dark turn

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May 29, 2018

Sometimes you just have to hang someone.

'I'm jacked... JACKED TO THE TITS!!'

Jul 9, 2018

Something similar happened to me last month with strep throat...she just moved two days ago

May 28, 2018
French35:

If You Had To Start Your Life Over Again, What Would You Change?

Nothing.

French35:

what advices you would give to a 20 years old kid to be successful in life does not matter if it's in finance or another field!

a) Find your passion

b) Follow your passion

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

May 28, 2018

Any advice on finding your passion? Hard to find what I really like given how broad finance

May 28, 2018
Wolfofgeorgestreet:

Any advice on finding your passion? Hard to find what I really like given how broad finance

It really all comes down to research and trial and error.

The important thing though is if you do your research and begin a new opportunity/experience, even if it is not what you thought or you don't like it, you must give 110%. This will open doors, which is necessary. Do your research, re-align, adjust, and launch into your next venture. Repeat.

Passions and priorities change, so keep in mind the amount of risk you can take on to follow your passion while you are still unencumbered. For people recently married or with new kids, they are likely fully passionate about taking care of the needs of their family and shift to much lower risk roles and seek stability.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 29, 2018

This sounds like every piece of advice every Baby Boomer has ever given, right as they tap their reverse mortgage to buy a Harley and a decked out mobile home and complain about how kids have it easy these days.

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May 29, 2018
Pmc2ghy:

This sounds like every piece of advice every Baby Boomer has ever given, right as they tap their reverse mortgage to buy a Harley and a decked out mobile home and complain about how kids have it easy these days.

Well, I didn't invent this advice and neither did they. It has been going around for centuries and is less like advice and more like the way.

https://media1.tenor.com/images/77b9a46f900a3cdf5a409ebac877f42e/tenor.gif?itemid=5291762

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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May 28, 2018

Find something technical and something artistic that you enjoy working on and get REALLY good at those 2 things to the point of having a credible track record.

May 28, 2018

Q: "If You Had To Start Your Life Over Again, What Would You Change?"

A: "I wouldn't have started in the first place."

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May 28, 2018

1.Take responsibility for yourself. Do not blame others, regardless of where fault lies.
2.Work hard and do what is necessary to take care of yourself. BE SELF-SUFFICIENT. There is no bigger sense of triumph than accomplishing a goal all on your own with no debt to anyone.
3. Get an education. Regardless of your passion, find something that pays the bills, pursue it, make it a priority and get good at it. Very few of us will ever be able to enjoy life without work. May as well find something that pays a decent wage.
4. Take care of your shit. Treat people with dignity, be honest and live life such that you can look at yourself in the mirror without feeling disgusted.
5. Remember 2 things: first, don't sweat the small shit. Second, it's ALL small shit!

May 29, 2018

I would've fucked the numerous girls I had a chance with at summer camp during high school. Too bad I was such a fucking twat and didn't have any balls to make a move. I even remember one of my friends telling me at the end of it that one of girls was disappointed I didn't end up making a move. Jesus Christ.

Compare this to today where I'm dealing with a neurotic PM in the HF space and can't touch a horny girl under 18 anymore. Jeeza whiz...life is cruel.

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May 29, 2018

Bypass my masters and would go to law school.

Get your facts first, then you can distort them as you please.

May 29, 2018

This is gonna sound corny but in order, I would've liked to change the following

-try harder in highschool and get into a better college

-don't mess up things with girl A

-definitely, don't fuck girl B

-don't try the indian food around the corner

May 29, 2018

The only regret you should have is not trying your best.... even that can be overcome by giving your best effort in your next best endeavor. Discipline yourself so that others don't have to.

May 29, 2018

Would have double majored in Econ and Accounting at my non-target, thus making me competitive for Deloitte Consulting and Big 4 Audit as a safety.

May 29, 2018

This is what i tell my young niece and nephews, and i wish somebody told me when i was younger

-don't be afraid of getting hit...put yourself in position to take risk...maybe you crash and burn....but you will survive and get great stories from it
-you can't be a hero if you don't try your best...risk failure every time
-a little pain is ok...that's how you know you are trying hard
-learn everything you can
-pay attention to other peoples feelings, and try to make them feel better. help everybody, not just your friends...and you will make MORE friends
-eat more vegetables

just google it...you're welcome

May 29, 2018

1) I should have started traveling earlier. Had the most fun, met the best people, and made all my closest friends while backpacking.

2) Should have learned multiple languages. I'm a pretty good Spanish speaker but it took years to get there since I took it up later in life, and the effort has since crowded out my desire to learn any other languages. There's an 8 year old girl in one of my Spanish classes who now fluently speaks English (she's Brazilian), Spanish, French, and of course, Portuguese, mainly because her parents had the foresight to expose her at a young age. She's remarkable and will be able to live/work anywhere as an adult.

3) Should have been serious about getting into college. I joined the military after HS, delaying my career in the process. Also didn't know anything about the importance of "targets" or the benefits of mastering standardized exams. Again, it wasn't until later in life this all became apparent, which amounted to a high opportunity cost.

4) Don't worry too much about chicks. I think about the time/effort/money I wasted on women during my 20s and it depresses me. They're almost never worth it (international chicks are a different story, heh) Find a decent girl who likes you and takes care of herself and call it a win.

5) Learn personal finance asap. Learned the snowball method from Dave Ramsey, then read "Rich Dad, Poor Dad". That one-two punch saved me financially. Again, my 20s were ruinous.

6) Better to regret something you attempted than didn't. You'll reach a point where you start seeing people get ahead of you ONLY because they went for something about which you had doubts. If fear is holding you back the regrets will pile on.

There's this excellent movie titled "Defending Your Life", about a guy who had to prove he did the best he could while on earth in a "limbo courtroom" before getting into heaven. Do the best with what you've got-I consider that the meaning/point of life.

May 29, 2018

Don't be such a drunk, and buy bitcoin

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May 29, 2018

O lordy lord, or even go back 2 years and buy ETH I'd be on an island somewhere instead of making these god damn slides

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May 29, 2018

Stoicism. "Meditations" by Marcus Aurelius.

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Jun 14, 2018

Would have went short VIX for a BIG LEAGUE gain.

Jun 14, 2018

Getting into a target school, it determines your success in life.

Jun 21, 2018

Sorry but most (if not all) advice above look like the corny Hollywood/mass-media stuff (follow your passion, don't get the girl get away) that only people who don't go out into the real world would give.

First of all, like NYU's Galloway and MIT's Cal Newport previously brilliantly explained: The folks who bring up the "follow your passion" card are for the most part already wealthy. Developing skills and following, step-by-step, the best possible decisions on the best way to move forward as a student, and later on as an early graduate, based on thoughtful reasoning, career planning and strategy (best schools, best majors, best internships, etc.), and depending on the various skills which were acquired and developed is the way most people who tell today "follow your passion" (hello Steve Jobs) got to their current enviable positions.

Now, about the girl(s): In all fair logic, any accomplished man will tell you that for the huge part of a man's career & personal and professional development, women - and especially not one special woman, omg - should be neither a goal, nor the primary focus. The right kind of women will automatically come into your life, in the right time, and should first and foremost be acquired as a by-product of leading a meaningful and accomplished life (and by life, I mean career). And this one is far from being some pre-canned BS life advice: any individual with a descent IQ notices it. And furthermore, tbh, most of you guys will, at some point, realize that this whole "a scarce number of men have an enormous success with women, and I have to find a way to be part of this exclusive club" is just a teenage fantasy designed, somehow, to diverge you from the important sh**: landing the target school, the SA FO, etc.

Target schools: There are many ways to get in. Just right out of high school if you're lucky and live in the right country (some ZipCodes also don't hurt). But there's always a path to get back in: M7 MBA programs if you didn't make the cut during UG or if you're an international from a shitty country (Microsoft CEO, Google CEO, those guys did it). The earliest you're able to get in the game, the better. A fairly good advice would then be to get in as soon as possible and just calibrate your whole career track in order to do so, from high school to graduate school.

Health and getting in shape and staying in shape for the best part of your life: I don't know for you people, but if I have the choice, in my mid-to-late 30s to be in a managerial position at a Tier BB or EB, but to endure a scandalous Body Mass Index (BMI), I would decline the offer. Whether you're in medical school or working long hours in finance, don't ever let yourself get off the track of getting and maintaining a healthy attractive body. The wisest thing any man in his prime should aim for would be to get in the best possible shape of his life, depending on his preferences (there's no one perfect body - just don't be fat and hairy), and maintain the acquired shape for life.

Those are, imho, the only universal pieces of advice applicable to any young individual in any situation.

Good luck with everything. Love.

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Jun 21, 2018

"Descent IQ"... ...
Haha messing with you, I agree with most of this.

Jun 23, 2018

Solid points +1

Jun 21, 2018
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"It is better to have a friendship based on business, than a business based on friendship." - Rockefeller.

"Live fast, die hard. Leave a good looking body." - Navy SEAL

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Jun 22, 2018
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Jul 31, 2018
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