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I think she was a trader making at least several hundred grand a year. But she lived in an extremely expensive apartment. In the few months after being fired, s
by dcurtis 17y ago
I think she was a trader making at least several hundred grand a year. But she lived in an extremely expensive apartment. In the few months after being fired, she spent her entire savings on living expenses. That's part of why I found her story so fascinating.
- run4yourlives 17y agoThat's part of why I found her story so fascinating. No disrespect, but that's not fascinating, it's stupid. Basically, she had no savings. No rainy day fund. No retirement funds. No investments. What's the first think Suze Orman types tell all of those women that watch her? Have enough set aside for 2-3 months living expenses - minimum! There's simply no excuse for someone working so close to money to be so irresponsible with her own. I feel for her, but perhaps this is lesson learned.
- tsally 17y agoKeep in mind that we don't really know the full story. There could have been a number of factors preventing her from setting aside 3 months of living expenses. Heck, she might have only been at her job for a few months. The fact that she had a job managing a lot of money suggests to me that she would know how to manage her own, and that it is more likely than not she didn't have the option to save up a large amount of money. Point being, let's not criticize based only on anecdotal evidence.
- dcurtis 17y agoShe was so addicted to her expensive lifestyle that when she lost her job she couldn't get herself to lower her expenses. You could call her stupid, but I find it fascinating.
- Legion 17y agoIndeed. Stupid and fascinating aren't mutually exclusive. In fact, I'd say they're often highly correlated.
- radu_floricica 17y agoAt least she didn't have debt. (I assume since she wouldn't have been as worried about the extra sum).