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Are Creative Directors rich?

likefunny
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CDs tend to be older than juniors. And older people tend to have more money than younger people, assuming their lives have not been a series of bad choices. I bought my first house 10 years ago, so now I have accrued over a million dollars in equity, just by ageing. I have comic books I bought for a few dollars, which are now worth thousands of dollars. I have managed to squirrel away hundreds of thousands in savings, due in part to compound interest, and ageing. So give it time... and you'll have a nicer house than the younger people on your Zoom calls. But they'll have their youth and better knees than you.

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Always the moms for sure. Mama obliberated my Yu-Gi-Oh cards in front of my eyes just cuz I failed a couple tests. Talk bout overreacting

Advertising is like a MLM scheme. The only people who are rich are CCOs, founders and very in-demand and confident freelancers. After a few years as a CD, you don’t feel constantly financially insecure, which is it’s own kind of wealth. But you have to weigh everything against the reality that you might be aged out by 45. And if you have a family, the money goes there and the stress is tripled. But there is a sense if “richness in spirit” of having other people to enrich your life and having something to focus on besides your job, so I’d 100% recommend having a family. “Wealth” in advertising means “you’re not working 24/7 and might be okay if you’re unceremoniously fired or put out to pasture at 45” which is “nice” but also kind of a bummer when you realize WLB and a long career is or used to be, a baseline expectation of most jobs.

likesmartfunny

You mean triple-dip..

funny
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For the effort we should be but sadly we’re not.

likefunny

No. Unless you own your own agency.

likesmart

No one will ever get “rich” on a salary. You can be well off, you can be comfortable, but if you want to get rich, you’re in the wrong business.

like

No not rich. Very comfortable and I want for nothing. I could buy a vacation house in cash tomorrow if I wanted. I can buy any car I want. It wouldn’t be a smart financial decision but I could. I’d say I’m wealthy and have given up a huge percentage of my 20s and 30s to be so. But rich is knowing you can stop working now (in your early forties) and be fine and I’m not there. I just have a beautiful set of golden handcuffs that fit tighter by the year.

likehelpful

I’m a single CD without kids so according to this I’m $$$$! Wait I guess I am 😎

likeuplifting

Yeah you are!

likefunny

Well this was kinda depressing to read lol

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Cheer up, it's only depressing until the next CD posts and ur mind is fookin blooooooowwwwwwn 🤯

My 2 cents (mind the pun), and I’m gonna get a bit philosophical here… Doing good financially is how happy you are with the things you have or can afford. Anything extra is considered richness? 🤷‍♂️

likefunny

Enlightening lack of perspective on display in these comments. 😬

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I think even if we defined “rich” as “I can retire at some point,” an average CD salary doesn’t pass that test when you take into account that most people achieve it near the end of their career, live in a high cost of living city because agencies are located there, hold it for 5-10 years and age out around 45 with no pension. The majority of Americans are more f***ed, yes, but that does not make us rich.

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No. Unless you were already rich to begin with.

helpful

man, I wish

uplifting

No.

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But what about inner beauty?

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U talkin bout that inner Monaaaay li$$$a

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I wish.

uplifting

Just when you think you’re earning enough, life will throw you another curve ball.

smart

Rich of spirit

uplifting

because that’s the only airline we can afford?

CD17, are you a 👱🏻‍♂️? 🤔

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My money twin! 💰 💰

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Compared to what?

You know we started there though right? We did just join the industry making 250k

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CD salaries varies deeply, from the size of -gency, location and the kind of structure. CDs don’t make a lot of money when the structure is super layered (CD, GCD, ECD) but again nobody making from 250 to 400k is necessarily poor, specially if there’s dual income.

I think regardless of title/rank/salary, and this is going to sound VERY old school/boring advice but… everyone should save early and invest in the stock market and get an FA when you can afford it (make monthly contribs and $-cost-average the hell out of it, and also max out 401k/pension contribs) $ Formula = Saving+Diversification+Time is the best way to FU money which will give more independence to choose the type of work/job you want to take on

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Ernst and Young, one of the big four and a global professional services firm, is hiring Recruiters with tech or professional recruiting experience (such as finance, tax, supply chain, etc). We are looking for 2-8 years of experience in sourcing or full cycle and most of us have agency background. These roles are 100% remote, come with amazing benefits (hello pension and unlimited vacation!), and give you the opportunity to work with some of the best and brightest in the industry. DM me!

likesmart

Do y’all get moved around from hall to hall? I’ve been moved so many times. I have 2 more years until I can retire.

What does your personal finances look like? Please share. Curious about whether I'm financially sound for my age group. I'll start.... Age: 30 Martial Status: Married, no kids Total annual comp w/ bonus: ~145k Current cash in savings: $25k Brokerage account: $5K

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Is there a way to get closer to the 58000 total contribution limits in a 401k after initial contributions up the 19500 limit? My employer match isn’t great but I’ve maxed out my contributions this year and they’ve only added an additional 1500 so I’ll be at 21k total in the account for the year. How can I get more in there to bridge that 37k gap? Or can I?

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Anyone from capita pension solutions?

Any ideas for a second career for a high school counselor? I plan to retire at 60 this year, but will need a job to supplement my retirement income until I get social security.

Been seeing many high to very high net worth people on here — are there other small potatoes just starting their financial journey? Here's mine: 2020: Reset ⚖️ Paid off all $30k cc debt in 6mths 2021: Adulting v1 🚀 No debt, living solo 💰 First 401k ($4.2k), $2k stocks, $6.7k in HYSAs 2022: Officially Adulting v2 💼 New job, +$30k increase 💰 First time budgeting w 401k/HSA/Roth IRA/HYSAs/emg funds maxed out & still have spare change 31F. HCOL. Slow & far from others, but we'll get there!

likeupliftingsmart

At what age are you planning to retire?

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How much do you have in your savings? -Age/Rank/Location -401k/IRA -Savings account -Brokerage account

likehelpful

Giving notice this week. Run the numbers and think I can retire now. Super excited , nervous etc. I am 45. This could be my biggest mistake and my biggest achievement. Getting weird reactions...

likeupliftingsmart

So all the married couples that do split accounts - is one saving more than the other? Do you both retire at the same time? Or if the lesser salary person can’t afford to retire to you make them cont. to work? Or do you pay for them to retire as well?

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Does PwC allow in-service distributions from 401K?

Anyone ever stay at a firm they disliked just to wait for your 401k match to fully vest? Looking back, Is it worth the wait?

like

Ever since I joined this app I feel so trash about the (lack of) money I have saved lol. I’m 24 and only have 3k in the bank with a salary of 70k. I live at home but 50% of my salary goes to my mom to cover household expenses. The remainder goes to my student loans and my other bills. I’m only able to really save $500 a month ($150 into my 401k and the rest in IRA). Does anyone have any suggestions on what I can do better?? Idk how ppl have like 50k saved at my age fml

likeupliftinghelpful

Happy that the stock market is falling apart so my 401k matching can more cheap S&P 500 shares

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No promotion. No raise. Need performance improvement plan. And yet, made ~$550k/year last 4 years in a row as an investor. I should retire from consulting but don't know how to say no to free money.

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I am taking another sick day this coming Monday. It's necessary for both my physical and mental health, which are severely compromised due to the stress of this insane school year (and the last one, and the spring before that -- I think this is cumulative with COVID, the political situation, etc.). I have never taken this many sick days during ANY school year in my 20+ years of teaching. Is anyone else experiencing this? Is anyone else having anxiety about taking so many days off?

likehelpful

Trying to figure out best 401k/IRA strategy. Does backdoor to Roth impact the $19k limit on 401k? How much do you backdoor/Roth vs continue to grow 401k? Any tips appreciated!

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First year I'll max my 401k and roth IRA.. feeling accomplished but can't share with anyone in real life!

likeupliftingsmarthelpful

Additional Posts

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Hate conference calls that drag on for hours.

Top top post!

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How many first year analysts here started as interns? What did you guys do to get those jobs?

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Nice! The post animation looks good!

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new test post

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Still not seeing location in the post window when turning it off.

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But once again not posting

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Post for push testing

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Posting from the top side.

Post with company

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Maybe we should implement something like automatic posts refresh? I got a notification about "someone like mypost" but it isn't displaying at the post title...

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14:36 gmt 😀

When I see a new consultant with a $700 Tumi bag I think trying way too hard

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Which firm has the most 💙 on here?

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TFW you write a really good email and just read it over and over again to feel the high. 🤓

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What's senior 1 risk assurance salary? No Mba .

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Anyone deal with a SO that has to travel a lot for work during the weekends? Dating this guy I really like but he travels a lot on the weekends for his career. It's hard that I barely see him.

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