Quote:
Originally Posted by NuclearFart
It's been mentioned before but it bears repeating - some people are just plain bad with money regardless of income. Their spending habits and waste levels just scale with the money.
It's actually quite easy to have a really high cash burn rate in this city without resorting to vices, especially if you're surrounded by colleagues doing the same thing. I know lots of high income earners who have a personal shopper at Holt, drink/eat out all the time, fancy car lease(s), fly first class, hotel suites instead of regular room, huge mortgages...etc. Some of them live hand to mouth with big debt, just as they did making 40-50k/year a decade ago.
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I think we're speaking more of the guys who aren't obviously spending their money though: like Cliff said - the ones who live by themselves in crap apartments, have no car, and are "forgetting their wallet" when you go out with them.