Average Wall St paycheck $300k?

Quote from TheDudeofLife:


I would guess that we may not have , Multi National Corporate Imperialsim, War in Iraq, an unbalanced economy, a culture in ths crapper, irresponsible levels of debt, widepsread unethical business conduct..Paris Hilton, Donald trump..etc....
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ahh well...there would also be little incentive to find a cure for cancer, aids, diabetes etc etc...or improve promote a clean environment...or enforce humane living.....or....
 
Quote from lumberjack:

ahh well...there would also be little incentive to find a cure for cancer, aids, diabetes etc etc...or improve promote a clean environment...or enforce humane living.....or....
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true..but defining success as working at a hedge fund or in mergers and acquistions or LBO deals, while making lots of $ and having bling and a high end lexus at 25...is not the same as working in a research lab to find a cure for disease while flying coach driving a toyota prius....
 
Quote from eagle488:

You guys are looking at paychecks. If you want to see the life of the average Wall Street worker then go to one of those websites like Bear Stearns and look under "a day in the life".

12-14 hour stressful days are virtually guaranteed every work day. When you first start out its a humiliating experience, until you have either worked a good 5 years or get fired.

Now lets take into account that the area you will live in is NYC. Apartment rents are the highest in the country and the only other alternative is a very long commute in crowded buses/trains.
That 60-80k doesnt go as far in NYC as it would in a place like Texas or Florida.

So your making 60-80k to start in a very expensive city working an arduous, long houred, stressful job. There is always a good chance that you will be fired. The reward is that you might make the big cash one day. However, if you dont, then you could have been spending your younger years touring Europe and getting laid.

Its only glamorous from the outside looking in.

There are better ways to make money. Go to a tech firm in San Francisco, start your own business, get a regular job and invest in dividend producing stocks.
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That's why the call it the Big Crapple (Pile of Crap).

Please don't throw away decades of your life to try to make a fleeting impression on others that you have the new Lexus. People only remember that for a minute anyway.
 
Quote from Drew07:

What do you do that's so fucking beneficial to the world? And what's wrong with wanting to be successful?, if everyone settled with mediocrity where would the world be right now?
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success is not measured by what you own...at least not when you are looking back...looking forward this may be the case....I've been dirt poor and i've also made money in my life..in the end its not about how many cars you own or how big your house is..its about how uve lived your life...im not saying money is a bad thing...all im saying is; its not a measure to ones success...just be happy doing what you do...everything else should fall into place..and if it doesnt at least ur happy... peace
 
Success is not measured by what other people tell you what success is measured by, it is measured by what ever you want it to be measured by. Remember, we all have our own values, one man's success is being rich another man's success is owning his own fruit stand.

-Neo

Quote from ElCubano:

success is not measured by what you own...at least not when you are looking back...looking forward this may be the case....I've been dirt poor and i've also made money in my life..in the end its not about how many cars you own or how big your house is..its about how uve lived your life...im not saying money is a bad thing...all im saying is; its not a measure to ones success...just be happy doing what you do...everything else should fall into place..and if it doesnt at least ur happy... peace
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Quote from ElCubano:

success is not measured by what you own...at least not when you are looking back...looking forward this may be the case....I've been dirt poor and i've also made money in my life..in the end its not about how many cars you own or how big your house is..its about how uve lived your life...im not saying money is a bad thing...all im saying is; its not a measure to ones success...just be happy doing what you do...everything else should fall into place..and if it doesnt at least ur happy... peace
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How do you measure success? Is a single mother that works minimum wage to support her children successful?? As a mother...my answer would be yes... because she is providing a life for her kids. But does that make her successful in her career? Any scientist, politician, writer, stockbroker, etc etc who is successful in their field makes a good income. Argue that.

I think that I have good morals as far as the way I treat other people so dont think of me as aspiring to be some young hot shot who spits on people who are poor, but what's wrong with wanting to be rich? And why is it so taboo for money to be motivation to work hard?
 
Quote from bonds:

about how much in taxes would an american earning 300k have to pay? [/QUOT

Regular income tax would run a single person around $85,592
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