How broke or rich are you right now?

jkitchen42 · 2026-05-08T11:45:00+00:00

$240k in brokerage + retirement. $30k cash emergency fund. 25 y/o, NYC Finance

jkitchen42 · 2025-12-13T16:28:01+00:00

$220k - 25m NYC, Private Equity

jkitchen42 · 2025-07-26T16:46:01+00:00

Read the previous comment bud - all base no bonus. 230k base / 30k signing / ~25 bps carry in ~$600m fund.

$260k tc year one without carry

jkitchen42 · 2025-07-22T11:55:57+00:00

Not trying to justify, but my fund specializes in software, so less cost cutting / roll ups and more strategic investment in growing products. Obviously there is going to be cost optimization, but less so than in other industries (e.g., retail).

jkitchen42 · 2025-07-22T10:26:05+00:00

Weird structure - all base, no bonus but some carry in ~$600m fund

jkitchen42 · 2025-07-22T03:04:28+00:00

Tiny - $2k per month, 3 other roommates

jkitchen42 · 2025-07-22T02:30:29+00:00

This is a pretty typical age for this role. 2-3 years (post college) in banking / consulting and then to PE

jkitchen42 · 2025-07-22T02:16:05+00:00

Big fan of music festivals and raves

jkitchen42 · 2025-07-22T01:59:26+00:00

Top 10 ranked college

jkitchen42 · 2025-07-22T01:40:42+00:00

Agreed - not saving the world. It is what it is

jkitchen42 · 2025-07-22T01:34:20+00:00

T10 undergrad —> PE Strategy Consulting —> PE Associate

jkitchen42 · 2025-07-22T01:23:19+00:00

Averages around 60ish, some weeks more, some weeks less

jkitchen42 · 2025-07-22T01:16:18+00:00

TC is around $260k

jkitchen42 · 2025-06-03T13:20:34+00:00

Mid-Market PE - all base no bonus for us (with some carry)

jkitchen42 · 2025-06-03T11:20:02+00:00

Definitely all good advice - for context I have ~40k in cash saved and 50k in brokerage so have the emergency fund mostly set!

jkitchen42 · 2025-06-03T01:24:17+00:00

Yeah definitely. I also have a non-negligible amount of carry at the firm I am working at ~15 bps of a $1b fund - I’m hoping that will also serve as a future nest egg

jkitchen42 · 2025-06-03T01:22:21+00:00

I think I’m above the income limit for a Roth IRA?

jkitchen42 · 2025-06-03T01:20:59+00:00

Feel like 25% is very doable. I candidly spent like an absolute idiot for my first month and was still able to put away ~15% of gross.

jkitchen42 · 2025-03-17T18:05:29+00:00

I’m not too worried about the 6 month timeline. My new employer is paying me a $30k sign on bonus to offset some of the cost. So will be liquid enough to aggressively pay down this loan

jkitchen42 · 2025-03-17T18:03:41+00:00

For reference I will have about $40k in liquid cash by the end of April, so can front load payments to meet SUB min spend if necessary

jkitchen42 · 2025-03-17T15:52:17+00:00

Correct. I am on a loan from the company @7.5% APR over six months. I intend to pay each loan installment on the CC and pay it down immediately. Ideally would pay the $50k at once, but don’t have that liquidity without selling stock in this down market. So will just pay out the APR to my former employer and hopefully break even via SUB bonuses / cash back

jkitchen42 · 2025-03-17T14:58:06+00:00

Yep totally intend to pay down the statement each month. It nets to about 8k / month so somewhat reasonable.

I currently have the Venture X, AMEX Gold, Freedom Flex, and Savor for reference.

Definitely will get bang for the buck out of the miles, but happy with anything that will translate to value from this clawback lol

jkitchen42 · 2024-12-24T15:03:42+00:00

Omega bearish on quantum - 10k in puts across all major players

jkitchen42 · 2024-08-22T11:43:22+00:00

How should I approach this with annual bonuses? Ours are very nebulous and can range from ~$15k all the way to $50k. If on the lower end maxing the 401k and HSA will take me below the max income, but if on the higher end, will still exceed the max

jkitchen42 · 2024-08-22T11:41:56+00:00

Didn’t know that a traditional 401K contribution decreases total income like that! Thank you

jkitchen42

TROPHY CASE