"I work in banking. I am frugal, and thankful"
I work in banking, but I am not a high earner. I work in a role where I have access to the front office but am paid far less. From this vantage point, I can see the lifestyles of the high spenders in the front office who are complaining they can't afford themselves.
I have seen these people up close. I know how much they spend and I know why they spend it. One of my previous bosses had multiple ex-wives to support and a massive mortgage to pay. He'd chosen that lifestyle and if he can't afford it, that's his choice. There's only so much food one person can eat.
Personally, I prefer to live differently. I don't earn those huge amounts of money and I don't need them. I live in a very modest house. I'm not married and I don't have kids. I keep my liabilities low and potential liabilities low.
My plan is to keep working at a steady pace in my moderately paid and comparatively undemanding technology job, to slowly pay down my mortgage and then to retire young, rent my house and live somewhere hot with my boyfriend. Life is short; there's no need to over-spend or show-off. Use it wisely and you won't need that much money. If MDs in banking can't afford their lives, they're doing something wrong.
Rati Patil is the pseudonym of a person in banking, but not in banking
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