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most importantly to me - money I hope this post isn't serious. If money for money's sake is your primary motivation, you're setting yourself up for a big disa

by byoung2 16y ago

most importantly to me - money I hope this post isn't serious. If money for money's sake is your primary motivation, you're setting yourself up for a big disappointment. With no commitments like a mortgage, and none coming up, what can you do with $250k that you can't do with $115k? As for #1, an MBA to go work on Wall Street in this financial climate is a hard way to go, and you have clearly "not researched this option well" as you say. An MBA is most certainly not a sure thing. As for #2, this is probably the better bet in the long run, but you are likely going to have to suffer through some long years of "not great" pay in the sub-$115k range before the moneybags come rolling in.

starkfist 16y ago
There are a lot of things you can do with $250K that you can't with $115K. For instance, after two years you qualify as an accredited investor and could form your own hedge fund or seed fund.
throwaway314 16y ago
No, this is a very honest question which has been lurking my mind for a while. Sorry, if I had worded it badly. Its not like money is my only motivation. I definitely do want to things I enjoy (coding/math/statistics/entrepreneurship) or at least as close to it as possible. I would never compromise that. But to answer your question "what can you do with $250k that you can't do with $115k?" -- I have thought about this for a long time. In fact I use this argument to suppress my dissatisfaction of not making enough money. I guess I'm not a content person when it comes to money and I guess I feel it is a measure of career progress and that I'm moving forward rather than being stagnant. Of course I would be kidding myself, if I say its the only measure of progress, there is always the value produced for obtaining that money.
- byoung2 16y ago
  Since $250k is an arbitrary number, when you reach it, what's to stop you from writing this same post asking how you can make $500k?

by byoung2 16y ago

starkfist 16y ago

There are a lot of things you can do with $250K that you can't with $115K. For instance, after two years you qualify as an accredited investor and could form your own hedge fund or seed fund.

throwaway314 16y ago

No, this is a very honest question which has been lurking my mind for a while. Sorry, if I had worded it badly. Its not like money is my only motivation. I definitely do want to things I enjoy (coding/math/statistics/entrepreneurship) or at least as close to it as possible. I would never compromise that. But to answer your question "what can you do with $250k that you can't do with $115k?" -- I have thought about this for a long time. In fact I use this argument to suppress my dissatisfaction of not making enough money. I guess I'm not a content person when it comes to money and I guess I feel it is a measure of career progress and that I'm moving forward rather than being stagnant. Of course I would be kidding myself, if I say its the only measure of progress, there is always the value produced for obtaining that money.

byoung2 16y ago
Since $250k is an arbitrary number, when you reach it, what's to stop you from writing this same post asking how you can make $500k?