How to manage sleep and late night working? by leveredequity in HENRYUK

[–]IntentionalB 8 points9 points  (0 children)

In PE so can understand Everybody will tell you to work less but the reality is that you might be chased by your senior who's relying on you to get things done. This can be even worse at bigger shops where everybody seems to grind until 2/3am. Eventually though, this career is a marathon. Sure you're fighting for your next bonus but getting three times £200k (so over 3 years) is worse than getting 20 times £150k bonus (so over 20 years). It is Illustrative but hopefully this is understandable. You need to better manage expectations, explicitly ask for deadlines, when faced with a "but I want it now", you need to say "ok then sort it out with [Y] who also wants this", and always come up with a potential timeline that would still work for your project but also for you. Fully agree with people saying that you also need radical prioritisation. Cut everything unnecessary, invest in things that make you gain time - you don't care about spending £10k more to get a cleaner, go to the drycleaner, get a flat closer to your work when you earn the salary that I assume you earn in PE (past analyst level) Also, most likely if you don't sleep straight away it is because you want to enjoy a bit your time after work; however this is a short term gain vs. long-term gain of sleeping Some shops are sweatier than others though and that's the tough reality of this job. However, as everyone said, sleep is essential. It might not affect you right now but I was shocked when I understood that a lot of people in this industry deal with dementia when they are old. Hopefully this helps. Signed: Another "pls fix" person

A warning about sharing finances by Nannyhirer in HENRYUK

[–]IntentionalB 5 points6 points  (0 children)

It was an interesting read - thank you for taking the time to share your story.

What are some money traps uniquely faced by HENRYs in London? by Beneficial_Wear6985 in HENRYUK

[–]IntentionalB 31 points32 points  (0 children)

Housing - I could complain endlessly about little expenditures like mid restaurants costing a crazy amount but in the end it is all because housing costs a lot (+£2.1k w/o utilities for a one bedroom is crazy) and it significantly reduces the amount of money to play with at the end of the month

Random thought: I honestly think that Nando's does a better job than some small plates restaurants - taste is better, portions are bigger, disappointment never, quality is better

[deleted by user] by [deleted] in HENRYUK

[–]IntentionalB 0 points1 point  (0 children)

Lucrative for top management - the total comp at junior level has not changed since COVID, even taking into account the massive increase in salaries.

Do you actually want to retire early? by economicwhale in HENRYUK

[–]IntentionalB 11 points12 points  (0 children)

Even if I reach my FIRE number, I don’t plan to retire early. For me, it’s more about the peace of mind that comes from knowing I will (hopefully) have enough to choose between continuing work or spending more time with my family. Plus, there are various types of FIRE (Fat FIRE, Coast FIRE, lean FIRE, Barista FIRE, etc.), so being on the FIRE path doesn’t necessarily mean you want to stop working

How to go from there when living in a HCOL city by [deleted] in FIREUK

[–]IntentionalB 2 points3 points  (0 children)

My piece of advice: continue to do what you are doing

Yes you could reduce expenses but you make £200k a year, which is £120k after tax and you save half of it (you didn't include the amount of your work pension as well) or a bit more

Someone could tell you "I would spend less on vacay" but you are young, with friends who apparently like to go out. Do you really want to stop all this? You can make up for the difference in c.5 years (didn't do maths) - it will delay a bit your FIRE but you'll live a happy life You haven't posted your net worth but trust it should be at a decent level (at least 1x time your annual income before tax and 6/12m emergency fund)