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The Day I Snapped...

Discussion in 'Investor Psychology' started by mrdobalina, 28th Jan, 2016.

  1. mrdobalina

    mrdobalina Well-Known Member

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    Great article I came across about a young guy who quit the brutal regime of investment banking to chase his dream.

    Confessions Of A Young Banker - The Day I Snapped

    Although I didn't work in IB, it reminded me why I am so glad to have quit the corporate rat race.

    "Like everyone there, I worked my ass to the bone, working mind numbingly boring work. My life was emails, excel, powerpoint, meetings, endless drafts and markups about **** I couldn't give less of a *duck about, edits, drafts, edits, drafts, edits, send to printers, pick up, courier, meetings, more work, multitasking, boredom, boredom, tired, boredom, avoiding the staffer on a friday, more work, depression, tired, tired, tired, *ducking miserable. 15 hour days were a minimum, 16-17 were normal, 20+ were frequent and once or twice a month there would be the dreaded all nighter."

    *edited :)
     
  2. MTR

    MTR Well-Known Member Premium Member

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    Yuk.....pretty tough.

    So how has your life changed??

    MTR:)
     
  3. Rugrat

    Rugrat Well-Known Member

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    That was a good article.
     
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  4. D.T.

    D.T. Adelaide Property Manager Business Member

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    Hits home hard. When I worked in IT I had to do timesheets in 15 minute increments, had a billable hours target of 7hrs per day, was on call 24/7.

    Taught me a lot about productivity. But such a relief to be freed from those chains to follow my property dreams.
     
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  5. Biz

    Biz Well-Known Member

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    Dudes cracked.
     
  6. neK

    neK Well-Known Member

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    LOL @ the comment.

    hahahahahaha
     
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  7. mrdobalina

    mrdobalina Well-Known Member

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    No more working til midnight or 100 hour weeks. No more travelling at a moment's notice and being away from family for up to a month at a time. No more dealing with hard a$$ed clients who wouldn't hesitate to chew you up and spit you out in a second.

    Now I spend all my time with the kids. Have coffees at my leisure each day. Gym. Travel. Keep tabs on my developments. Plan to do more charity work, which will suck up a bit of my time.
     
  8. MTR

    MTR Well-Known Member Premium Member

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    Sounds like you have balance.... wonderful
     
  9. Omnidragon

    Omnidragon Well-Known Member

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    Ha I cracked a lot quicker than this guy did doing same thing.
     
  10. mrdobalina

    mrdobalina Well-Known Member

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    Do you play Justin Beiber covers too?
     
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  11. Foxy Moron

    Foxy Moron Well-Known Member

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    Heh. You study "Philosophy, Politics and Economics" you deserve a job like that. ;) I wonder what his happy ending was in the next career.
    But in amongst all the waffle I liked this little gem :
    "Life is short - you're young, you're old, you're dead"
    Words to live by.
     
  12. MTR

    MTR Well-Known Member Premium Member

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    Not into new age stuff.... but I think this is the one I like the most......

    "Realise deeply that the present moment is all you ever have.” ~ Eckhart Tolle
     
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  13. mouseburger

    mouseburger Active Member

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    Investment banking is brutal. A couple of ex-bankers mate got out for the same reasons. This guy is right - many people stay in jobs they hate, not just for the money but also because they've been told it's the "right" thing to do. I know money's important but there's a point where big bucks for a pressure cooker job isn't worth it.

    @mrdobalina - did you change jobs or did you become self-employed? Either way, sounds like you've got balance there.
     
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  14. mrdobalina

    mrdobalina Well-Known Member

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    Yep - I stayed in the job for long enough to make my money, then got out. There's a tipping point where you keep working for the money, or you throw in the towel and say I don't care anymore.

    I invested from the moment get go. Now retired and soaking up the sunshine.
     
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  15. Omnidragon

    Omnidragon Well-Known Member

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    No I was before Bieber's time.
     
  16. SerenityNow

    SerenityNow Well-Known Member

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    PPE is a highly coveted degree in the UK. Or at least, it used to be when I was considering what to study. "Best and brightest" would go for stuff like that, especially the ambitious. Unsurprising he ended up in a "good job" once that degree was finished... (source: BTDT)
     
  17. jins13

    jins13 Well-Known Member

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    A great article to read and hope one day I can pack it in from my day job.
     
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  18. Kate Moloney

    Kate Moloney Well-Known Member

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    Good on you!
     
  19. BigKahuna

    BigKahuna Well-Known Member

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    Great article. I've sent it to my girlfriend who's son has just graduated from Sydney uni with law/arts degree. Some of his fellow students have managed to get work with big law firms. They're expected to do ridiculous hours. They have no life other than work. I've seen it happen with young accountants too. She doesn't want that for her son, and I wouldn't want it for my child (except if they wanted it because it made them happy).
     
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  20. JDM

    JDM Well-Known Member

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    I can definitely relate. The hours of Big Law aren't quite the same as investment banking but they can be soul draining. My plan is for my lack of freedom now to set me up for financial freedom in the future.
     
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