The divide gets bigger as you get older...

[Anonymous]

Lets yell it so the back of the room can hear it "DCUM IS NOT A SAMPLE OF HOW AVERAGE PEOPLE LIVE this blog is for the DC wealthy" .... if you want to hear about real life .. please go to reddit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:I think this is true. Early start is key. Focus on careers that help you establish yourself and are the best /most profitable match for your skill set.

We both went to a top 15 school - met after college through friends - big law/finance dual income in 20s and 30s. By mid 40s, we are senior in our respective careers with hhi of $4-7m per year.
Money is a non issue in our life.
Time is a more valuable commodity.

This is so much money, but it doesn’t set off any jealousy in me at all. We earn 250k, split right down the middle between DH and myself, and we have ample time. With our kids, with each other, with friends, with our aging parents. We own our house, have short commutes, will be able to retire and never live in poverty. Why do people contort their lives for vast amounts of money and then sacrifice the things that make life good?

DP. Because they are likely more professionally ambitious than you.. It’s like the kid that wanted an A in every class (and put in the time to do it) vs the kid who was fine with a B (and more free time). Different strokes for different folks.

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This would follow if ambition and professional achievement were tied directly to financial gain. But the most respected, successful journalists, educators, scientists will not be earning as much as the middle band of people in finance or corporate law or whatever. You can take your career very seriously and never see that reflected in your income. Unless by “professionally ambitious” you mean “motivated by money.”

exactly!!!

I have a cousin who went to elite school, phd, academically and professionally published civil engineer and she only has an income of 250k. She is a professor.

her husband is a software engineer. Yes they made mid six figures but they will never make over 1 million a year.

Ummm she is making really good money

Most professors make less than $100k.

Not in law or STEM.

Plenty of S/M profs make less than 100K. Econ/B-School/Engineering/CS/Law all start over 100K though (some are nearer 200K starting wages). For example a UMD assistant econ prof gets about 180K comp (including summer) in the first year.

[Anonymous]

Anonymous wrote:Lets yell it so the back of the room can hear it "DCUM IS NOT A SAMPLE OF HOW AVERAGE PEOPLE LIVE this blog is for the DC wealthy" .... if you want to hear about real life .. please go to reddit.

Says who?

[Anonymous]

Anonymous wrote:Lets yell it so the back of the room can hear it "DCUM IS NOT A SAMPLE OF HOW AVERAGE PEOPLE LIVE this blog is for the DC wealthy" .... if you want to hear about real life .. please go to reddit.

Sorry you suck at managing money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I reject Ivy leaguers from jobs all day. My favorite hires are usually state school honors program kids. Bright, realistic, and hungry!

This is who our hiring panels favor as well. The Ivies are almost disadvantaged at our firm.

We are a 6B investment firm and we are the same way. Very little ivy leaguers. Too rigid and sometimes lack the social awareness our job entails.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I reject Ivy leaguers from jobs all day. My favorite hires are usually state school honors program kids. Bright, realistic, and hungry!

This is who our hiring panels favor as well. The Ivies are almost disadvantaged at our firm.

That’s ok. Plenty of elite firms that will favor ivy grads first rather than your podunk old boy’s network company.

Omg some of you people…get your self esteem issues fixed, please.

DP. The only people with issues are those who are threatened to find out that someone might not think their Ivy degree is all that.

FWIW, I have hired many Ivy grads (as well as non), and I agree with pp more than not. My one exception would be that I have been consistently impressed with MIT grads. Other than that, not so much.

[Anonymous]

Anonymous wrote:This is so much money, but it doesn’t set off any jealousy in me at all. We earn 250k, split right down the middle between DH and myself, and we have ample time. With our kids, with each other, with friends, with our aging parents. We own our house, have short commutes, will be able to retire and never live in poverty. Why do people contort their lives for vast amounts of money and then sacrifice the things that make life good?

Because you don’t always have to contort yourself. My DH works in tech. 100% remote since before the pandemic. Typically works about 4-5 hours a day and makes 750k. Add in a couple big stock grants, which is how we paid off debt and built wealth.

I don’t work. We have a ton of free time. I’d wager much more so than people like you.

[Anonymous]

Anonymous wrote:Lets yell it so the back of the room can hear it "DCUM IS NOT A SAMPLE OF HOW AVERAGE PEOPLE LIVE this blog is for the DC wealthy" .... if you want to hear about real life .. please go to reddit.

Lol

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is so much money, but it doesn’t set off any jealousy in me at all. We earn 250k, split right down the middle between DH and myself, and we have ample time. With our kids, with each other, with friends, with our aging parents. We own our house, have short commutes, will be able to retire and never live in poverty. Why do people contort their lives for vast amounts of money and then sacrifice the things that make life good?

Because you don’t always have to contort yourself. My DH works in tech. 100% remote since before the pandemic. Typically works about 4-5 hours a day and makes 750k. Add in a couple big stock grants, which is how we paid off debt and built wealth.

I don’t work. We have a ton of free time. I’d wager much more so than people like you.

Your life would be much different if you did not meet DH. You don’t work. Better hold onto him.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I reject Ivy leaguers from jobs all day. My favorite hires are usually state school honors program kids. Bright, realistic, and hungry!

This is who our hiring panels favor as well. The Ivies are almost disadvantaged at our firm.

When I hear this I think people just want to hire people they can boss around more.

No, not at all. In fact we want someone with a backbone. I will hire Ivy kids if I see they have middle or lower class background, or ROTC or food service jobs or agricultural work. Real world experience. I'm dating myself but a kid came in from Harvard with Subway Certified Sandwich Artist on his resume and it really did make a difference to me.

I know that's your schtick and the way you think you're doing it. But it's biased and as a psychologist I think there's something more going on. Just my 2c.

Many people get insecure when they see that Ivy degree.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is so much money, but it doesn’t set off any jealousy in me at all. We earn 250k, split right down the middle between DH and myself, and we have ample time. With our kids, with each other, with friends, with our aging parents. We own our house, have short commutes, will be able to retire and never live in poverty. Why do people contort their lives for vast amounts of money and then sacrifice the things that make life good?

Because you don’t always have to contort yourself. My DH works in tech. 100% remote since before the pandemic. Typically works about 4-5 hours a day and makes 750k. Add in a couple big stock grants, which is how we paid off debt and built wealth.

I don’t work. We have a ton of free time. I’d wager much more so than people like you.

Did you read the post the above was in response to?

[Anonymous]

Anonymous wrote:

Anonymous wrote:This is so much money, but it doesn’t set off any jealousy in me at all. We earn 250k, split right down the middle between DH and myself, and we have ample time. With our kids, with each other, with friends, with our aging parents. We own our house, have short commutes, will be able to retire and never live in poverty. Why do people contort their lives for vast amounts of money and then sacrifice the things that make life good?

Because you don’t always have to contort yourself. My DH works in tech. 100% remote since before the pandemic. Typically works about 4-5 hours a day and makes 750k. Add in a couple big stock grants, which is how we paid off debt and built wealth.

I don’t work. We have a ton of free time. I’d wager much more so than people like you.

What a snobby response.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This is so much money, but it doesn’t set off any jealousy in me at all. We earn 250k, split right down the middle between DH and myself, and we have ample time. With our kids, with each other, with friends, with our aging parents. We own our house, have short commutes, will be able to retire and never live in poverty. Why do people contort their lives for vast amounts of money and then sacrifice the things that make life good?

Because you don’t always have to contort yourself. My DH works in tech. 100% remote since before the pandemic. Typically works about 4-5 hours a day and makes 750k. Add in a couple big stock grants, which is how we paid off debt and built wealth.

I don’t work. We have a ton of free time. I’d wager much more so than people like you.

What a snobby response.

Not the PP but I too think it is ridiculous to assume high earners don’t care about their families or work/life balance. Thinking that everyone who makes a lot of money must be miserable and working 24/7 is just not true. It’s a cope.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I reject Ivy leaguers from jobs all day. My favorite hires are usually state school honors program kids. Bright, realistic, and hungry!

This is who our hiring panels favor as well. The Ivies are almost disadvantaged at our firm.

That’s ok. Plenty of elite firms that will favor ivy grads first rather than your podunk old boy’s network company.

Omg some of you people…get your self esteem issues fixed, please.

DP. The only people with issues are those who are threatened to find out that someone might not think their Ivy degree is all that.

FWIW, I have hired many Ivy grads (as well as non), and I agree with pp more than not. My one exception would be that I have been consistently impressed with MIT grads. Other than that, not so much.

Have you every considered what "impresses" you might not be all that? Everyone brings bias. You sound like you have a chip on your shoulder.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I reject Ivy leaguers from jobs all day. My favorite hires are usually state school honors program kids. Bright, realistic, and hungry!

This is who our hiring panels favor as well. The Ivies are almost disadvantaged at our firm.

We are a 6B investment firm and we are the same way. Very little ivy leaguers. Too rigid and sometimes lack the social awareness our job entails.

Mmm-hmm.