Now that we kids are all grown up, my mom has started jokingly calling it her inheritance policy, ie, if we want an inheritance, we're gonna have to pay the fees for her policy.
I really wish we had at least a semester of some kind of "Life Skills" class in high school. Instead, we got Home Ec and woodshop/metal shop in 7th and 8th grade, and while I learned a lot of practical skills, the home finance type stuff fell on deaf ears and wouldn't even be practiced until at least several years later.
You know how in Office Space, they rig the system to give them all the little half pennies that no cares about? These guys have pretty much figured out how to get people to GIVE them the half pennies.
@OllyOlly No that's great! That's exactly the point of increasing diversity no?
@callmeprufrock I'll just add that "analyst" usually also refers to your level in the firm where the progression is usually analyst->associate->VP->managing director or MD.
@thisisatest It's around $70k salary + $50k bonus. Contrary to popular belief, bonuses are not guaranteed, at least not at this level and the past few years, it's been incredibly variable so not something you could necessarily bank on. Plus he's only 7 months in so he's probably only just getting his first bonus now.
I guess that's the kind of place that inspired someone to make a store with $5000 chairs and call it "within reach."
@andnowlights If only for your own sanity, you should realize that renting is not throwing money away. You're paying for a place to live and you're paying for the convenience of not having to buy and sell a place every time you move. If you're moving every few years it actually makes little financial sense to buy a place. As mentioned above, the first few years of mortgage payments is really nothing more than interest payments. In reality, if you're moving every few years, buying a place each time would be nothing more than paying the bankers' bonuses and real estate agent's salary.
@HelloTheFuture Oooh, Baileys and Thin Mints.
I guess the difference is that in Colorado it's recreational whereas San Francisco, it's medicinal. So that would be like selling Girl Scout Cookies outside a liquor store.