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• 5 years - 81 posts - Latest - RSS
• Thread: 266 Goods vs 26 No Goods

1. BlackWidow
   Rep: 517

   sorry to hear about your former colleagues. if things are that bad in the industry you work, i would not quit my job because i'm a risk averse person.

   maybe try looking for a new job and set your start date accordingly so that you can take a 6 month vacation in between the jobs?

   Thank you for pointing out the nuance i failed to articulate. Difficult to take just an year off. There is oversupply in the industry i work in and once you are out, it is difficult to get back in. Several of my former colleagues are still unemployed, several years after having been laid off.

   5 years ago # QUOTE 5 Good 1 No Good !

2. Economist
   7088
   

   The industry is shrinking and there is not a lot of hiring going on. Friends in peer jobs are even more dissatisfied, so moving jobs, even if possible, will probably only put off the inevitable.
   I suppose one reason for the burnout is that the professional dissatisfaction is fairly endemic. It is hard to like what you are doing when everyone around you is miserable.

   sorry to hear about your former colleagues. if things are that bad in the industry you work, i would not quit my job because i'm a risk averse person.
   maybe try looking for a new job and set your start date accordingly so that you can take a 6 month vacation in between the jobs?
   Thank you for pointing out the nuance i failed to articulate. Difficult to take just an year off. There is oversupply in the industry i work in and once you are out, it is difficult to get back in. Several of my former colleagues are still unemployed, several years after having been laid off.

   5 years ago # QUOTE 3 Good 0 No Good !

3. Economist
   dba7
   

   I am in industry and completely burnt out. Dont have anything lined up but cant take it anymore and thinking of resigning. Any bros here who have been in a similar situation who would care to share their perspective ?

   Myself was in a similar situation until i quit my job and got into the academia.

   5 years ago # QUOTE 0 Good 0 No Good !

4. Economist
   6f1a
   

   *every* industry us shrinking. *everyone* is miserable if you ask around. Just swallow it up and find a new gig. Get over yourself man!!!

   The industry is shrinking and there is not a lot of hiring going on. Friends in peer jobs are even more dissatisfied, so moving jobs, even if possible, will probably only put off the inevitable.
   I suppose one reason for the burnout is that the professional dissatisfaction is fairly endemic. It is hard to like what you are doing when everyone around you is miserable.
   sorry to hear about your former colleagues. if things are that bad in the industry you work, i would not quit my job because i'm a risk averse person.
   maybe try looking for a new job and set your start date accordingly so that you can take a 6 month vacation in between the jobs?
   Thank you for pointing out the nuance i failed to articulate. Difficult to take just an year off. There is oversupply in the industry i work in and once you are out, it is difficult to get back in. Several of my former colleagues are still unemployed, several years after having been laid off.

   5 years ago # QUOTE 6 Good 1 No Good !

5. Economist
   240a
   

   You have $1.5M in savings. This would be more than enough to retire at 35 if you had reasonable living expenses. I assume you are living in NYC, but even there $8k per month is excessive. If you are going to quit, wait until your lease expires and move to somewhere cheaper. In many places you can buy a very nice house for under $200K.

   Where to live really depends on your interests. Rural areas are the cheapest, but they can be lonely without a family and if you don't like the outdoors. There are cheap fun cities like Richmond, Pittsburgh, and Baltimore.

   Learn to cook your own food. You will be healthier and eat like a king for $400 a month.

   If you don't want to be unemployed, come up with a business idea and start your own. Choose something with low capital costs where you can set your own hours. It can be a consulting service where you use your skills, or it can be something stupid like making artisanal jelly.

   5 years ago # QUOTE 15 Good 0 No Good !

6. Economist
   7088
   

   You are absolutely right, of course and I realize I might be coming across a self-absorbed entitled prick. I am not suggesting my troubles are more onerous than anyone else's. I am just looking for perspective on an anonymous message board.

   *every* industry us shrinking. *everyone* is miserable if you ask around. Just swallow it up and find a new gig. Get over yourself man!!!
   The industry is shrinking and there is not a lot of hiring going on. Friends in peer jobs are even more dissatisfied, so moving jobs, even if possible, will probably only put off the inevitable.
   I suppose one reason for the burnout is that the professional dissatisfaction is fairly endemic. It is hard to like what you are doing when everyone around you is miserable.
   sorry to hear about your former colleagues. if things are that bad in the industry you work, i would not quit my job because i'm a risk averse person.
   maybe try looking for a new job and set your start date accordingly so that you can take a 6 month vacation in between the jobs?
   Thank you for pointing out the nuance i failed to articulate. Difficult to take just an year off. There is oversupply in the industry i work in and once you are out, it is difficult to get back in. Several of my former colleagues are still unemployed, several years after having been laid off.

   5 years ago # QUOTE 3 Good 0 No Good !

7. Economist
   771c
   

   240a is on to something. Texas also is pretty cheap and nice.

   5 years ago # QUOTE 5 Good 0 No Good !

8. Economist
   6f1a
   

   True. And you are getting an anonymous perspective.

   You are absolutely right, of course and I realize I might be coming across a self-absorbed entitled prick. I am not suggesting my troubles are more onerous than anyone else's. I am just looking for perspective on an anonymous message board.
   *every* industry us shrinking. *everyone* is miserable if you ask around. Just swallow it up and find a new gig. Get over yourself man!!!
   The industry is shrinking and there is not a lot of hiring going on. Friends in peer jobs are even more dissatisfied, so moving jobs, even if possible, will probably only put off the inevitable.
   I suppose one reason for the burnout is that the professional dissatisfaction is fairly endemic. It is hard to like what you are doing when everyone around you is miserable.
   sorry to hear about your former colleagues. if things are that bad in the industry you work, i would not quit my job because i'm a risk averse person.
   maybe try looking for a new job and set your start date accordingly so that you can take a 6 month vacation in between the jobs?
   Thank you for pointing out the nuance i failed to articulate. Difficult to take just an year off. There is oversupply in the industry i work in and once you are out, it is difficult to get back in. Several of my former colleagues are still unemployed, several years after having been laid off.

   5 years ago # QUOTE 1 Good 1 No Good !

9. Economist
   7088
   

   Good advice. My expenses are a function mainly of rent. My other expensive vices are a taste for good wine and patronizing the performing arts. So, I think I could afford to retire outside of NYC, but only because I am single. If that changes, it is a very different ballgame.

   You have $1.5M in savings. This would be more than enough to retire at 35 if you had reasonable living expenses. I assume you are living in NYC, but even there $8k per month is excessive. If you are going to quit, wait until your lease expires and move to somewhere cheaper. In many places you can buy a very nice house for under $200K.
   Where to live really depends on your interests. Rural areas are the cheapest, but they can be lonely without a family and if you don't like the outdoors. There are cheap fun cities like Richmond, Pittsburgh, and Baltimore.
   Learn to cook your own food. You will be healthier and eat like a king for $400 a month.
   If you don't want to be unemployed, come up with a business idea and start your own. Choose something with low capital costs where you can set your own hours. It can be a consulting service where you use your skills, or it can be something stupid like making artisanal jelly.

   5 years ago # QUOTE 1 Good 0 No Good !

10. Economist
    55f1
    

    Move to India and become a toilet paper salesman. You will make a killing.

    5 years ago # QUOTE 6 Good 0 No Good !

11. Economist
    9c90
    

    -Youre not unemployed unless you are looking for work and cant find anything.
    -You have capital, so you could start your own small business.
    -I dont see the point of living in misery. Are you sure it's your job that is making you miserable? Or is it something else? Do you like your colleagues? I would also find it hard to work with all these fenance d-baggers.

    5 years ago # QUOTE 3 Good 0 No Good !

12. Economist
    1e5b
    

    I'm jelly.

    5 years ago # QUOTE 1 Good 0 No Good !

13. Economist
    cf6f
    

    My other expensive vices are a taste for good wine and patronizing the performing arts.

    -Youre not unemployed unless you are looking for work and cant find anything.
    -You have capital, so you could start your own small business.

    So, become a wine blogger ;)

    5 years ago # QUOTE 1 Good 0 No Good !

14. Economist
    55f1
    

    Most of my colleagues are nice people. There are some bad eggs - especially as you go higher up the food chain - but not any more than there were 5 years ago. The difference is that the work has become more boring, there is no job security and the money which lured people in is no longer there. People are frustrated at their relatively reduced circumstances, but are locked into a high cost lifestyle and cannot leave. Gallow humor is all too common.
    I think I am miserable because of the for boredom and company of miserable people.

    -Youre not unemployed unless you are looking for work and cant find anything.
    -You have capital, so you could start your own small business.
    -I dont see the point of living in misery. Are you sure it's your job that is making you miserable? Or is it something else? Do you like your colleagues? I would also find it hard to work with all these fenance d-baggers.

    5 years ago # QUOTE 3 Good 0 No Good !

15. Economist
    6f1a
    

    Ha ha.. Didn't the new PM just make a speech asking for 643 million people to stop s**tting in public and start using toilets...

    Move to India and become a toilet paper salesman. You will make a killing.

    5 years ago # QUOTE 2 Good 0 No Good !

16. Economist
    8157
    

    i left at 29 with half your savings. got married to my longtime sweetheart, had a couple kids, and settled down in a low-COL environment. things are good, but it takes a long time to "re-program" your brain. was in a trading environment where there was constant noise and feedback. sometimes still miss it, but ultimately pretty happy with my choice.

    5 years ago # QUOTE 7 Good 0 No Good !

17. Economist
    55f1
    

    Yes, I think it would be far more adventurous to do something there rather than sit on front of a computer all day.

    Ha ha.. Didn't the new PM just make a speech asking for 643 million people to stop s**tting in public and start using toilets...
    Move to India and become a toilet paper salesman. You will make a killing.

    5 years ago # QUOTE 0 Good 0 No Good !

18. Economist
    55f1
    

    What are you doing now, may I ask ?

    i left at 29 with half your savings. got married to my longtime sweetheart, had a couple kids, and settled down in a low-COL environment. things are good, but it takes a long time to "re-program" your brain. was in a trading environment where there was constant noise and feedback. sometimes still miss it, but ultimately pretty happy with my choice.

    5 years ago # QUOTE 0 Good 0 No Good !

19. Economist
    8157
    

    What are you doing now, may I ask ?

    i'd rather not get too into it, on the off-chance of revealing too much. the more pertinent question may be what YOU want to do with your life. 1.5M is a nice buffer, and gives the opportunity to make multiple mistakes on the way to figuring some things out. it's not all tea and cake, though. if you do leave, there's a good chance you'll regret it at some point, say if you fail at a thing or two, or at least you'll regret not having that "easy" money. that's just pride f'ing with you, though.

    5 years ago # QUOTE 1 Good 0 No Good !

20. Economist
    9c90
    

    I dont understand how you can be 35 and feel like you're stuck in a career. Why dont you retrain for something else and find your true passion? Are you a banking quant running calibration routines or doing risk management?

    5 years ago # QUOTE 0 Good 0 No Good !

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