Those of you who make $$$$ and have no time to spend it, what do you do with the money? Do you put it in a brokerage? High interest savings? Checkings? Put it in your mattress? How do you invest and spend your money when you have no time?
My wife and kids have plenty of time to spend it
Lol
Nice username
I spend too much on nice dinners and golf, but otherwise just save as much as I can. Same goes with my bonus. Never know how long you’re going to make it in this industry and you never know what life holds, so think it’s smart to have some reserves just in case. That being said, need to enjoy yourself from time to time or otherwise you might go mad
You're right. It is about the balance. There is only one life. Btw, how are the bonuses at Barclays generally? For tech.
I mean I don’t make $$$$ just $$ lol but I make time to spend some of it. Eat, travel and my cars are what I spend most on, save & invest in 401k/ETF for the rest
Came here to say similar. I make $$ not $$$$ but I actually have time to myself as the trade off. I spend it on well budgeted travel and other "experience" type things but try to save as much as possible.
You copy code don't you?
Go on a binge shopping spree once in a while, eat with no regards to price, and the rest goes to investing and saving
I invest it in the market and real estate in hopes of being able to retire at a decent age. Like one of the other folks said, a job in consulting / IB is never guaranteed, so it's smart to save while you have the higher income. Paying down student loans faster and saving for college is also another good chunk of my monthly expenses. Otherwise I try and spend on experiences (concerts, vacations, shows, etc.) and not stuff. A lot of research shows that experiences make us happier and then I also don't have to haul around all the junk when I am moving.
I completely agree with you. What is your objective in terms of retirement ? I mean how many years have you been working and how many more years do you need?
I live with my base salary and use bonus to build my race car lol
Sounds like my kinda friend lol.
At the moment I am saving to buy a house. All my money is on a savings account it just makes it easier. My colleagues are all investing on various platforms but again I am really risk adverse so I would rather just save some money.
Oh god are you not investing any of it? Please don’t do that. At least put some of it in a fund. It surprises me how stupidly risk adverse some people are.
It's technically more risky to have it all in a single currency in cash than a well diversified global + local bond allocation
I’m building an hotel
That’ll be $200 per house x4 plus $200 to build the hotel
You should actually name it "An Hotel"
Pamper my dog
Those who earn $$$, don’t care about $ after earning it. It is like sex
true wisdom right here
Spot on