r/financialindependence • u/fidgit86 • 9d ago

What do you do that you earn six figures?

It seems like a lot of people make a lot of money and it seems like I’m missing out on something. So those of you that do, whats your occupation that pays so well?

15k Upvotes

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u/Im_Here_To_Learn_ 9d ago

Married someone who earns six figures

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u/Penaltiesandinterest 9d ago

Ditto. But also earning 6 figures.

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u/RustyCraftyloki 9d ago

Holy shot bruh, that’s 12 figures!

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u/Penaltiesandinterest 9d ago

::counts on fingers:: math checks out

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u/mercedes_lakitu 9d ago

Earning six fingers

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u/-Neon-Nazi- 9d ago

The box special at Cane’s is four fingers so you’re fitty percent ahead of the game

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u/mynameistr3y 9d ago

That’s a caniac combo and you score two sauces by default. Already starting out with double the sauce of us plebs. My mans ballin, shits not cheap.

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u/ioncewasbannedbutnow 9d ago

well fuck me now I know what's for lunch

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u/Sweeping2ndHand 9d ago

This is why I joined reddit. 😂

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u/likebuttuhbaby 9d ago

Doesn't happen all the time, but I've laughed out loud in random comment threads on here more than I ever thought I could. This was definitely one of those times.

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u/Sushivacuum 9d ago

holds up twelve fingers

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u/AdvanceBeautiful2538 9d ago

Perfect, made my day! Lol

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u/RiotFTW 9d ago

That makes you the highest paid resident of Alabama. Roll tide.

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u/DonutChucka 9d ago

What career have you got that uses twelve fingers?

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u/The_forgotten_panda 9d ago

Number of fingers doesn't check out...

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u/PMMeUrHopesNDreams 9d ago

::counts on fingers:: nah, man I think you got it wrong, I only come up with 10

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u/AutistChan 9d ago

How many fingers do you have

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u/Penaltiesandinterest 9d ago

Too many to count!

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u/SpicyPickledMind 9d ago

You have 12 fingers...amazing!

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u/Sofa47 9d ago

Guys got 12 fingers 😬

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u/hanzoplsswitch 9d ago

That shit cray. Living that 12 figure life. Get another 6 figure partner and get those 18 digits.

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u/RustyCraftyloki 9d ago

So that’s how mitt Romney and the Norman’s do it.

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u/AsassinX 9d ago

This guy maths!

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u/1025scrap 9d ago

That’s this many fingers!!! IIIIIIIIIIII

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u/IIIllIIlllIlII 9d ago

Looks offscreen What’s that?

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u/SarkHD 9d ago

I bet you’re in accounting! /s

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u/JManHI 9d ago

I’d give you a award but I just gave it to “Married someone who earns six figures” 😂

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u/Sirduckerton 9d ago

12 whole figures?! I can barely watch my own figure.

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u/sweYoda 9d ago

If you marry enough people

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u/Penaltiesandinterest 9d ago

This is the way

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u/Sow_Love 9d ago

Dude lol your an idiot u dont add them like that its 66 figures

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u/luisduck 9d ago

That's exactly how it works in unary number systems.

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u/Impressive_Wolf_1688 9d ago

Well, only if you treat the salary as string and I Know from experience that it's a bad idea to do that.

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u/glennjersey [29M] 9d ago

That's uh..... not how that works.

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u/RustyCraftyloki 9d ago

What’s next? The stork didn’t actually bring my wife’s baby?

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u/Ok_Vacation_7156 9d ago

You just got to carry the 1 and multiple

1

u/Jasoncsmelski 9d ago

Some people are born lucky I guess fml

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u/jessk1314 9d ago

Lmao I scrolled so far and I'm so glad I found your comment. Totally made me chuckle 😆

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u/BeefSamples 9d ago

Nahh. Gotta multiply, it’s 36 figures

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u/Boobsnbutt 9d ago

Lolled out loud

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u/cankle_sores 9d ago

Oh hoho “Jeff Bezos hates this one simple trick”

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u/chachi0314 8d ago

Damn. I thought I was so original with my comment.

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u/Wishbone_508 9d ago

My condolences on not earning 6 figures/s

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u/Firstname6Lastname9 9d ago edited 9d ago

This is why you don't have six figures

/s

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u/RustyCraftyloki 9d ago

Well of course. You’re automatically deemed a genius once you make 250k by our society.

And if you don’t make money you must be one dumb mother fucker. Because obviously bud you were smaht you’d be making so much damn money.

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u/Im_Here_To_Learn_ 9d ago

Don’t get me wrong, I’m working on it! Wife just beat me there.

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u/Penaltiesandinterest 9d ago

So you’re telling me you’re a sugar baby

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u/catdog918 9d ago

It’s nice to be a sugar baby ngl. Actually gave me freedom to apply and accept a job id enjoy rather than rushing to just get hired out of college

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u/coltonmusic15 9d ago

Yeah we’re so close at $80k and $94k…

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u/catdog918 9d ago

And together you’re both over, nice job

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u/coltonmusic15 9d ago

oh yeah for sure nothing for us to complain about... well I guess I'll whine about our $1400 a month daycare bill but I know that cost is relative and there are places in the US with costs that far exceed that level for 2 kiddos collectively.

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u/catdog918 9d ago

Oh yeah, 1400 for 2 kids Isnt too bad I think. Where do you live if you don’t mind me asking?

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u/coltonmusic15 9d ago

we are in the deep suburbs of Dallas area. Texas is still affordable for now but things are creeping up especially in housing as it is a HOT market. Lucky for us we are locked in on a 15 year note at 2.875% rate that comes out to $1601 a month with our escrow built into that amount. So ready to be mortgage free but we got a ways to go.

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u/catdog918 9d ago

That’s good to hear. We’re locked in at 3.2 coming out to 1700 a month with escrow included. Im up in NJ so it was a bit of a challenge finding a house in our budget in a good area but it can still be done.

I’ve been seeing how hot the market is in Texas now, wondering how much prices will rise considering you guys still have a lot of land available to be developed I’m assuming

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u/coltonmusic15 9d ago

Oh yeah I bet the prices there have outpaced our area... So our home was purchased in 2015 for $152k and yesterday I did a Zillow market offer just to see what we'd "get" and they put us at $338k. $326k out the door minus "repairs" if necessary. Pretty wild in my mind but I guess people are finally piling into the real estate market here alongside investment firms eating up supply. New builds are popping up all around us with 2000-2400 sq ft modern homes selling around $400k.

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u/mrcaptncrunch 9d ago

I’m so close and my wife is finishing her PhD.

We’ll see if I get there before she graduates.

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u/Guilty-Box5230 9d ago

As a software developer?

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u/Penaltiesandinterest 9d ago

For better or worse, we’re both in finance

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u/stranger_fungus 31|F|Seattle 9d ago

Username checks out!

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u/DOW3000 9d ago

For software department

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u/Penaltiesandinterest 9d ago

Basically. Six degrees of Kevin Bacon/software development.

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u/Academic_Tap_5052 9d ago

Whats the gig ?

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u/Penaltiesandinterest 9d ago

Corporate finance for a software company

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u/Toolooloo 9d ago

What do you do in finance? Is this a good degree to get?

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u/Penaltiesandinterest 9d ago

Finance is a very broad term but lots of lucrative career possibilities. In my case, I’m in a corporate finance department as a management-level accountant in the corporate controllership group. Most people get there by studying accounting, working in public accounting or industry and then working their way up the ranks. Finance as a degree can also get you there but the types of roles you end up in are slightly different.

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u/ACMEanvils 9d ago

This is me too. Protip: go to university, date people who are studying fields that are employable. Get a career in your field of study; marry someone who has a career in their field of study. Wait thirty years and BOOM! FINANCIAL INDEPENDENCE!

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u/Penaltiesandinterest 9d ago

The one weird trick admissions counselors don’t tell you about!

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u/hoky315 9d ago

This is the way.

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u/SnooDoodles420 9d ago

Jesus Christ. I’m over here like I hope I can afford this bread lmao.

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u/No_Cut6590 9d ago

What do you do with that much money, serious question...

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u/Penaltiesandinterest 9d ago edited 9d ago

Live in a high tax/high COL state and weep. Honestly, just the typical FIRE stuff. Max out retirement accounts, pay through the nose for daycare, contribute to 529 plans, have dabbled in paying down extra on the mortgage over the years, and save and invest otherwise. We’ve cash funded a few big home renovations as well.

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u/jeevesdgk 9d ago

Not op. But. I actually have no idea how to spend that much. I’m a mortgage loan officer and sometimes can hit 6 figures in a month. I went from 33k a year to consistently more than that ever single month and just put it in the bank. My plan is to retire early at like 45 though. So even though I might not be really spending it now, I’ll need it when I do. Especially since they say you need like 3 million to retire at 65, adding another 20 years would probably mean I need closer to 6 or 7 million.

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u/PandaintheParks 8d ago

Wait a minute, whaaaaat?? How? Is it rare or is it common? Or was it due to last year?

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u/jeevesdgk 8d ago

It’s common in the industry. It’s not because of the past year but that doesn’t hurt.

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u/graften 9d ago

Nice flex

I'm hoping my wife wants to go back after our kids are old enough to be in full time school

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u/Penaltiesandinterest 9d ago

Believe me, it’s not lost on me that we’re incredibly fortunate. But it is chaotic trying to manage two demanding jobs while raising kids so there’s huge value in having a stay at home parent. Make sure your wife knows how valuable her contributions are both from a financial and qualitative perspective.

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u/graften 9d ago

Oh certainly. I have faired much better during these covid times than friends with dual incomes. My wife takes care of so much while I'm in my office working. A lot of my dual income friends are ready to go back into the office for work because home is so crazy. There are also other reasons we are plenty happy of the decision for her to stay home... the downside is that retirement age will be later.

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u/[deleted] 9d ago

I make 6 and I'm excited for when my wife breaks into the 6 figures. We are over 150 combined and pretty comfy...

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u/mrdeate 9d ago

Look at fancypants here with his 12 figures

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u/wilkinsk 9d ago

So you guys make 12???????

Lol, jk

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u/IslandsOnTheCoast 9d ago

Same. Except I made $30K with a lot of debt, and she was in PA school at the time we got engaged. Things progressed quickly from there. Now we have a home, I'm about to pay off my car, we have zero debt beside our house and her car, and we both make 6 figures.

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u/chachi0314 8d ago

So you guys are making 12 figures. Wow

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u/Captain_-H 9d ago

I did this too! She runs a private equity firm, and I would highly recommend marrying someone that runs a private equity firm. We met as teenagers so it’s a tricky road to follow

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u/ImagineAllTheKarma 9d ago

Whats the secret to finding someone who's gonna run a PE firm as a teenager?

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u/RustyCraftyloki 9d ago

Find someone who’s parents are very wealthy, or also run a private equity firm.

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u/MrMudPhud 9d ago

Nearly everyone I know who went into private equity or VC came from a wealthy background. In those fields they are almost blatantly pro-nepotism.

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u/mawhonic 9d ago edited 9d ago

Key point is nearly. As a PE guy who isn't from a wealthy background, I realize the reason for this is less about nepotism, more about exposure.

Wealthy people by default understand what IB and PE is and when talking to their kids about future careers, they share this knowledge so the kids can read up more about it.

I didn't get this from my parents, I got the standard do accounts, engineering or medicine. So I went with engineering and did well enough to get a scholarship overseas (I'm from a third world country) where I met a lot of people who were from wealthy backgrounds and shared that they wanted to join these industries I'd never heard of at that point. Cue research into these crazily high paying jobs which led me to join MC which led me to PE eventually.

People from my background tend to not know it exists or once they know, have no clue about how things work. I had the privilege of having sufficient friends to share insights and help on practice interviews.

So yes, wealthy people have the upper hand but it's not intentional nepotism. At least in my company, we look for the best and brightest, we just don't get many applicants who aren't wealthy and when we do, they don't fully understand what they're applying for.

Edit: MC = management consulting

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u/Pie297 9d ago

I agree with you, but some industry people don't like when information on these high paying jobs is spread. For reference, I just finished an internship in PE and got my return offer. I have a blue collar background. Trying to get any actual information on the industry (other than being told to prep with interview guides), even from alums, was like pulling teeth. Luckily my firm seems to recruit similarly to yours, or I'm not sure I would have had this opportunity.

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u/mawhonic 9d ago

That's true but when I experienced that, I put it down to just a general "I don't have time for you" attitude which is common in any high paced industry, not that they consciously don't want to share to keep the industry exclusive.

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u/RustyCraftyloki 9d ago

It’s because you don’t belong. Same thing in medicine happens where people talk to you wildly differently about the fiancé’s as soon as you’re in school.

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u/MrMudPhud 9d ago

I assume you mean finances, and not fiancés, haha.

I think the same thing happens in medicine with counseling, but to a far lesser extent. Everyone and their mother knows that GPA + MCAT + ECs = Med School admission. Is there some behind-the-scenes schmoozing? Yeah, but its minor.

However, I pretty commonly meet rich family friends who's kids are interested in medicine, and the conversation tends towards, "hey, help my kid get in," pretty quickly.

It's gotten a lot better than it was though. No more medical mission trips or specifically rewarding kids for writing personal statements about their doctor parents.

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u/BarterSellTrade 9d ago

How old are you starting into the field?

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u/Pie297 9d ago

Directly out of undergrad, which is an uncommon way to start.

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u/LegitosaurusRex 28 | 76% SR | 31% FIRE 9d ago

MC

Literally cannot Google that, so you're going to have to help us out here. I'm assuming you weren't a master of ceremonies.

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u/contactwho 9d ago

I’m a management consultant and literally had no idea what he was talking about.

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u/mawhonic 9d ago

Yeah, I realized in hindsight that it's not a standard term.

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u/Extension-Pen-642 9d ago

I sympathize. I am also an immigrant from a third world country and although my English is acceptable, sometimes I think terms that are used in my circle are more generalized than they actually are.

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u/bonozos 9d ago

Management consulting

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u/Mynameistowelie 9d ago edited 9d ago

I work as a junior analyst for a MM Hedge fund, switched from corporate finance working in FP&A.

Good compensation plus performance bonuses, but ironically I make more from trading options, commodities and currencies in some months than I do from my actual job.

I think a key factor to building FI is having multiple sources of income, both residual and passive.

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u/WhatIsThisWhereAmI 9d ago

Any insights into how a total pleb from a blue collar background can learn enough about trading options, commodities and currencies to make a passive income?

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u/bokizap 9d ago

I have so many questions on options haha

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u/bluepaintbrush 9d ago

I think there’s also a trust factor in addition to exposure. They’re more likely to select someone who feels comfortable and confident in that industry, and that ties into exposure like you said.

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u/stretchypants88 9d ago

Hello fellow former consultant. I also didn’t have the same exposure to these types of roles when I was growing up, and my family still isn’t sure what my job is. Very fortunate to have fallen backwards into my career path. Cheers!

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u/mawhonic 8d ago

Yeh, I hear you. My siblings still explain my job to others as "he's a suit" lol

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u/DarthRoach 9d ago

Someone not from a wealthy background does not have the connections to get jobs and investments like you did.

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u/mawhonic 9d ago

I'm not sure if I understand you correctly, are you trying to convince me that I don't know my own background and am actually unknowingly a trust fund baby?

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u/[deleted] 9d ago edited 7d ago

[deleted]

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u/mawhonic 9d ago

Home country. Earning significantly less than PE in the states but comfortably in the six figure USD per annum.

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u/Famulor 9d ago

Six figures USD must be an insane amount to earn in a Third world country

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u/mawhonic 8d ago

Yeap. The LCOL makes it hard to consider offers from the higher paying funds based in Singapore or Hong Kong (at least before the protests).

You'd be surprised how low my networth is though, I'm still pretty young so I havent had too many years of crazy high income.

I started working at <10k USD per annum so the initial years were extremely slow accumulation. With the current salary, 2 years to my minimum FIRE at 4% safe withdrawal excluding any carry that might come in.

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u/aaxme 7d ago

What is PE?

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u/ironysmith 9d ago

Lol. Unintentional nepotism = racism/implicit bias. Equity and VC firms are majority white, and in-group biases reign supreme.

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u/[deleted] 9d ago

[deleted]

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u/Buckhum 9d ago

But yeah I don’t think it’s necessarily nepotism. More correlation than causation.

I would say nepotism is one big causal factor, though it doesn't explain ALL who ended up in investment banking.

Like what /u/mawhonic said, there's also the element of rich people knowing the industry and teaching their kids about this career path from early on. And so, these rich kids already know what to study + how to network & get internships as soon as they get to college. When it comes to getting fancy internships, this is when your parents' connections really come into play (and when nepotism really kicks in).

I know people in roles like that at top firms and they didn’t know anyone, but they did go to those schools.

These people are more likely exceptions rather than the norm.

...but what the hell do I know. Making a model of human behavior is really messy.

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u/RustyCraftyloki 9d ago

Just being admitted to those schools is hugely nepotism.

Not to mention you’re 77x more likely to be from the 1% at those schools.

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u/[deleted] 9d ago

[deleted]

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u/RustyCraftyloki 9d ago

The evidence in this is just overwhelming. You’re just parroting a feel good self deserving harmful cult of positivity meme that is celebrated in /r/GetMotivated . It’s not reality and it just breeds resentment. Americans have a religious like faith that with each new generation the poor run a fair race against the rich, and it is the brightest that succeed.

Maybe an insider story would be convincing if data isn’t your thing?

“It was difficult to avoid the conclusion that the strongest predictor of being admitted to a school like brown was not some abstract measure of accomplishment or intelligence, but rather, having parents with socioeconomic resources to acquire for you the childhood experiences that were a precondition to being accepted, from a decent k-12 schools to books at home to tutors and SAT materials to volunteer trips to internships.” https://popularhistory.tumblr.com/post/144918476295/on-college-reflections-10-years-later

The best defense a child who is lower scoring on cognitive tasks through adolescence and of a well off family from falling down the mobility ladder is a college degree. Do we want to prevent this downward mobility at the cost of also preventing the possible upward mobility of higher scoring poor students? https://www.brookings.edu/wp-content/uploads/2016/06/glass-floor-downward-mobility-equality-opportunity-hoarding-reeves-howard.pdf

You know people run at different speeds and you want the fastest person to win, but you also want the race to start fair. You don’t want someone to get a 70 meter head start. There’s also the uneven development of “merit.” You’d like an even playing field but some kids get to practice on the field on nights and weekends because of mom and dads money. And the pyramid of “merit” then gets molded over time with great investment, to mirror the pyramid of wealth. This is not a meritocracy at all. It’s a hereditarocracy. https://www.economist.com/briefing/2015/01/22/an-hereditary-meritocracy

For every student from the bottom 50% of income in one of the very selective schools, there are twice as many students from income groups north of 200k (an incredibly small portion mind you, nowhere near as large as 50% of the population lol). That is 400% more income minimally than those at the top of that bottom half range. https://opportunityinsights.org/paper/mobilityreportcards/

We’ve seen a monumental diversion of wages from the bottom 80% of households to the top 10%. That has come with much greater investment into those kids by parents, and that isn’t for naught. It buys results to a degree. https://i.imgur.com/mty0GFg.jpg

The avenues which were available for those born to modest circumstances to be moved into the upper parts of society have narrowed dramatically. And yet the scaffolding surrounding those born into families of means has been substantiated, whether or not that person is talented.

People frame things as not wanting to intervene to limit the elite of our population. But we're are already intervening. A typical elite college is receiving a subsidy of about $100,000 per year. The typical university student is getting around 12,000 per year. And at a CC it's about $2,500. So the elite students are receiving a subsidy of 40x more. That is an active intervention. We can simply start by removing that giant inequity intervention for those already massively advantaged. More than 90% of the benefits of 529 plans goes to the top quartile income families. A good majority to households with north of 200k of income, 4x median.

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u/RustyCraftyloki 9d ago

I had a friend entering portfolio management. First thing they had to do was seek out their parents wealthy friends to see if they could manage their money lol.

It was just egregious but of course I kept my mouth shut.

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u/123097bag 9d ago

High dollar real estate is exactly the same

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u/yoshkoshdosh 9d ago

Yup thats why many here are recommending doing jobs that others don't want to do, as those plushy jobs that everybody wants to do are reserved for the offsprings, nephews and nieces of the company founders.

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u/TaxGuy_021 9d ago

I work with the top three PE shops on a daily basis (Fuck Apollo) as a tax consultant. All of the folks I met and got to know come from stable middle to upper middle class families, but not one is from a wealthy family.

PE, and deal work in general, is hard work with tons of stress. If you have got life made for ya, I doubt you would choose to do deal work just for fun.

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u/RustyCraftyloki 9d ago

Those are massively different classifications if wealthy.

It’s also a bit of an inaccurate assumption. Wealthy folks love to brag about the education and work of their children. It makes the kids wealth seem far more deserving. These days kids don’t just get a fat inheritance. They get an education worth 15+ million and a red carpet walkway to a high paying career.

A massive portion of new wealthy is from ultra high paying careers. Labor based jobs. Not some aristocracy any longer bragging about how they don’t have to work. The brag is how hard and how much work they have.

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u/TaxGuy_021 9d ago

Have you done deal work?

Have you been dragged out of your bed by your phone at 3 am because some asshole in Japan demanded to see a truly asinine scenario within the model you have put in 100 hours over the last 5 days to build and they wont sign until they see it?

Have you ever had anything close to a complete mental breakdown over the font of your bullet points on page 69 of a 200+ page deck because you have been working 90+ hour weeks for months with no weekends?

Very few people who can avoid that kind of work and live a life of luxury ever choose to do that.

If you, or your children, have to work to live a live of luxury, you are not wealthy.

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u/RustyCraftyloki 9d ago

The evidence states you are overtly wrong. This guy writes quite a bit about it. He even labels these folks in a trap. https://law.yale.edu/yls-today/news/professor-markovits-meritocracy-trap

However, it's hilarious that you're complaining about making a power point. While I'm sure being paid absurdly to do so. It's almost ironic you don't see how ironic that is. It could be a meme made fun of in so many different places. PowerPoints. lol

​

Whens the last time you took care of a 14yr old girl who attempted to commit suicide while the mother is berating you to save their life and apologizing and thanking you at the same time?

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u/TaxGuy_021 9d ago

You just cant read can you?

What you have written here is as irrelevant to what I said as Greek mythology.

I'm saying nobody who has enough money to live a life of luxury without having to lift a finger will do deal work.

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u/MrMudPhud 9d ago

Yeah I generally meant upper middle class, not "my dad is worth $50M+" wealthy.

The prototypical "going into PE" guy at my college (private, top 10) went to a private school, paid full tuition, and lived in a nice apartment right off campus financed by their parents.

The "fuck you" money people were different and usually kind of fucked up, tbh. One of them lived with me, three guys in a 2 BR apartment. He'd spend $50k on horse racing and then come home complaining that you owed him $5.62 lmao.

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u/TaxGuy_021 9d ago

Yep.

Doctors/lawyers/accountants/etc. parents with a household focused on achievement and making a ton of money is the background most of the fellows I met have.

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u/fullretard6969 9d ago

I work in private equity and come from an upper middle class background, but nepotism had nothing to do with it. I just worked hard, got into a good college, and worked in investment banking for a few years before going through the traditional recruiting process to win my PE seat.

And to answer OP’s question I’m an associate at a PE firm and make $350k before carry, which is profit sharing from the investments we make.

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u/chaiscool 9d ago

Tbf PE / VC are created by successful people from big banks that wanted their own business.

Most boutiques even have exclusive partnership with a particular bank as they bank don’t want to lose their clientele

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u/ttuurrppiinn 9d ago

Their parents being Stanford MBAs is usually a good, slightly more specific criteria.

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u/Captain_-H 9d ago

I went with an incredibly driven finance major who had parents that were also wealthy, driven, and work in finance. ¯_(ツ)_/¯ probably start the search in the honors section of a major university’s business school

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u/[deleted] 9d ago

[deleted]

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u/Fish_bob 9d ago

You heard the man. She’s driven and she’s wealthy.

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u/creations_unlimited 9d ago

Lol 😂 I have no awards to give you. But yea! That is the question

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u/SpindlySpiders 9d ago

Almost no one runs a PE firm as a teenager.

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u/Careful_Strain 9d ago

That's way more than 6 figures

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u/RyVsWorld 9d ago

Yup. Way more

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u/swallowed_by_the_sky 9d ago

Yeah but his allowance is six figures

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u/FuzzyJury 9d ago edited 9d ago

I married an heir of someone who runs a private equity firm/used to be c-suite with a big bank. Husband and I met as broke grad students (or I guess, I was the broke grad student, didn't realize he wasn't at first). Husband also is now a high 6-figure earner in his own right via tech. Would recommend. Though I have to say, it makes all of my career efforts feel somewhat unnecessary except in so far as they bring me fulfillment, which has been a weird existential dilemma I never thought I'd have.

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u/RyVsWorld 9d ago

Jesus. That carry is probably insane

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u/thewonderfulpooper 9d ago

Can someone define what a private equity firm does for me. I'm a loser

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u/mawhonic 9d ago

So you know what the stock market is? That's public equity, companies are available for trading shares to anyone.

Private equity buys and sells company shares when they aren't public. (Though sometimes they're public too)

Imagine your local mom and pop store. Fully owned by that family but they'd decide they want to open another location, they sell 50% of the current store to a neighbour to get the cash and then use the cash to expand. That's effectively private equity. Just take it way way bigger and think 9 or 10 figure deals.

0

u/chaiscool 9d ago

Torpedo / takeover companies and insert their own execs too.

3

u/sir_weebalot 9d ago

Aww don’t be so hard on yourself. You’re a wonderful pooper!

1

u/thewonderfulpooper 9d ago

Haha thanks!

2

u/wanderer779 9d ago edited 9d ago

Like 99% of all active asset managers they underperform the market and pay themselves a ton to do it (which is one of the reasons why they underperform).

3

u/Boredguy32 9d ago

Nice, is she single?

1

u/therealvanmorrison 9d ago

So…eight figures?

1

u/BidensBottomBitch 9d ago

The real financial advice is always deep in the comment thread....

1

u/MisfitMishap 9d ago

That road might get some people into jail.

7

u/Maeberry2007 9d ago

Saaaame. Well, close to six figures. We'll hit that mark soon. Technically I married a broke ass college student with a promising career path lol.

2

u/Im_Here_To_Learn_ 9d ago

Technically same!

4

u/KatAndAlly 9d ago

Same. I work part time at home and raised my two kiddos. Youngest going off to ask ivy in 3 weeks. Might work more after that, idk.

Husband's job allowed me to do really well with our kids, they're both sweet, kind and successful.

Since he's done it for so long, he's got a ton of time off and freedom and will likely retire early.

3

u/curiouspda12345 9d ago

Do they have a friend?

3

u/victormesrine 9d ago

LOL. My wife is the most successful person I know. I am 9 years older. But she is on track to become a multi millionaire by 35 being a social worker. (I am in tech, and expecting to hit $2M by next RSU grant).

3

u/jellyready 9d ago

How is she going to become a multi millionaire form social work?! The social workers I know make some money, but also work insane hours

1

u/PandaintheParks 8d ago

Did she start her own biz? Or how?

2

u/jkgator11 9d ago

Ditto! I’m 88K but SO earns far more.

2

u/YogurtSocks 9d ago

Lol what does your wife do?

2

u/annnainwanderland 9d ago

Accountant with a Telemetry Engineer SO

2

u/JohnTitorsdaughter 9d ago

Being a trust fund baby is better, if you can get it

1

u/Im_Here_To_Learn_ 9d ago

I’m sure! Easier to pick your spouse than your parents though.

2

u/choicesareconfusing 9d ago

My husband did this too! He took care of me the whole time I got here, even before we got married. It’s been reaaaally nice paying the favor back :)

2

u/Subject-Succotash 9d ago

Same. When we met a decade ago he was working part time customer service at a movie theater, I supported him financially with my retail store supervisor income (we were clearly still super broke). Now he’s a fire systems inspector with several certifications and and just got a contractor’s license.

1

u/shishkebab311 9d ago

That was my move

1

u/GreenTeaOnMyDesk 9d ago

The real answer

1

u/Andy802 9d ago

You can marry in a second more than you can make in a lifetime...

1

u/Tig0lBittiesss 9d ago

How did you do it?

1

u/Jackattack009 9d ago

Ahh yes my people.

1

u/Discussionsofshed181 9d ago

Mum, is that you?

1

u/fdefunct 9d ago

Pro move: make six figures yourself and then marry someone that does as well.

​

Seriously, though, as difficult as it may be to achieve having two high earners under a roof is a big life changer. Not necessarily because of the income, but because of the freedom it grants. When making financial decisions I always keep everything within the means of one of our salaries, meaning we could still live stress free should one of us lose our job or decide we want a career change.

​

Obviously doesn't take dual six figures to do the above, but sure doesn't hurt.

1

u/Griffdude13 9d ago

That’s gonna be me. I make 42k in marketing. She makes 100k in her second year of advertising sales.

1

u/mankeyeds 9d ago

Same. When we married he wasn't but I pointed him in the right direction when I asked him what his dream job was and to just apply :)

1

u/xstefen 9d ago

🙌

1

u/Familiar_Shame6566 9d ago

Same! My husband is a general contractor and we own/operate a construction company. Work load is heavy on both of us, but money is never an issue.

1

u/JuicyCut 9d ago

This guy fucks.

1

u/Waitwaitwait--What 9d ago

Same. Wife is an attorney and paying for me to go to school full-time, for computer engineering degree.

1

u/ghost42069x 9d ago

Sugar mommy aye?

-1

u/Inspector_Nipples 9d ago

You ain’t making shit pipe down

-1

u/[deleted] 9d ago

[removed]

2

u/therapistfi 89.6% coast @ 58 9d ago

Removed for violation of civility rule.