So, at what compensation would you be finally satisfied with life and not look for more financial incentives? Assume no big medical emergencies and a small family.

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Posting as :
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Satisfaction isn’t the point. It’s about the growth.

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What he said

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funny

Yea I used to think I’d never have a 6 figure job and here I am a few years out of college making $140k and it’s still not enough. Although granted a lot of that is due to general inflation and the immediate hyperinflation going on right now. But I’m already thinking I’ll be happier at $200k. And once I get there I’ll be thinking about $300k. I don’t think it ends tbh

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I think I’d be satisfied at $200K. I’ve found that the higher you go, the more stress you face and more hours you devote to work. I think $200K would be a nice balance.

Currently at $165K, age 26.

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where do you work?

I’m in a high COL area with two small kids. I’d say a HHI of 500k, but could probably swing feeling satisfied at 400k. Currently at about 325k.

$350k HHI should be enough to cover everything, live really well, and still save 100k + per year after taxes so that

So everywhere but SF and NYC.

Probably 200k base but I'm not dissatisfied at the moment.

If household income is at $350k, I'd be pretty happy. We would save at least half of it every year.

Statistically people are no happier after $75k. You can live better, more comfortable, nicer stuff less worry about $ and better lifestyle but no increase in happiness. Happiness is different from those things.
True story here. A friend of mine from many years ago who was a financial executive sat down and did some figuring. He said he worked out exactly what you are asking. He jotted down figures for some things, estimates for others and came up with an exact cost-of-living adjusted number. He said that after he worked it all out the exact amount needed was: just a little bit more.

I remember this study. I can’t find a link, but a follow up looked at satisfaction versus happiness and found that satisfaction increased with income. The $75k also wasn’t controlled for COL, good luck telling someone in a metro area they’ll be good to go w 75k hahaha

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Just made commercial M and I’d be happy with $170k base

Your question is fundamentally flawed. What would make you happier with life? Figure that out then start solving, some of the items can be expedited with money but you’ll find there is a workaround to 90 percent.

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VC associate offer evaluation:
210k base
30% bonus
20k signing bonus
1.5 million carry dollars at work (400m final close with 250k for every 50m increase up to 500m fund max) with 7 year vesting period (ouch)
Completely remote with encouragement for juniors to travel and build relationships around the country.

Just wanted to get a feel for whether or not this is a good offer as I don’t know many people in the industry.

Happy to answer any general questions about the process as well!

Thanks!

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I will never financially recover from this.

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I was offered this amount as my fixed compensation. Can anyone let me the know in hand monthly pay?

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Hi,

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I’m seeing lots of posts about really bad losses. If you trade you’re going to lose money - hopefully not all the time, but many positions will be mistakes. But you need a process to find ideas and manage positions. Two books you should read are “The New Trading for a Livinng” and “The Laws of Trading.” Both look at psychology, process, and risk in different ways that can help you work out your own process. The next 18 months will be much harder than the last 18 - time to start learning.

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Too few accounts currently paid as agreed
FICO®

Scores consider the number of accounts that are paid as agreed. Your score was impacted because the number of these accounts is too low, or because you've missed payments recently on some of your accounts.

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What will be the in hand salary from this breakup?

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Thank you in advance!

Hi Fishes,

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