SwirlyPretzel
SwirlyPretzel

How do people in FAANG+ spend their money?

Just super curious. I have seen FAANG folks generally more restrained with their spending compared to these startup brats who think that they can own the world.

I personally am learning how to play drums and taking sessions from a tutor as a hobby. Got a new drum set last week.

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PerkyPotato
PerkyPotato
Uber5mo

I've noticed that we tend to be more conservative with our spending also, even if we have the money.

A lot of my friends focus on things like investing in property or stocks. Real estate is a big one.

Many of my friends are buying houses in North Bangalore. Not much splurging on flashy stuff.

SquishyQuokka
SquishyQuokka

Side note:
I spend a lot of money on direct and indirect taxes and get nothing in return. The worst deal in the history of deals.

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JumpyTaco
JumpyTaco

I’m in a similar situation, and I feel like the biggest difference between us and startup folks is the mentality. We usually save and invest. I personally spend a lot on fitness.

I’m also into tech gear, so I don’t mind spending a lot on quality good tech equipment or photography gear. Got a new Nikon Z fc Mirrorless last month.

GoofyCupcake
GoofyCupcake

Goldman Sachs is FAANG 🤔

GigglyQuokka
GigglyQuokka

I was also thinking the same 😅

FloatingWaffle
FloatingWaffle
Meta5mo

I’ve seen a lot of friends put their money into experiences. Travel is a big one, mostly international trips, especially after promotions or milestones. Me and my gf love fine dining, but we tend to keep it lowkey.

FluffyMochi
FluffyMochi

Investments investment and experiences

SquishyQuokka
SquishyQuokka

I mostly get money for chilling and traveling with my partner. Love is a beautiful thing.

BubblyUnicorn
BubblyUnicorn

Fellow Drummer here, Great to see someone picking up at this stage of life!

BubblyUnicorn
BubblyUnicorn

Is that your kit?

FuzzyMochi
FuzzyMochi

@Jackietrader buying tons of penny stocks

PeppyHamster
PeppyHamster

Mostly my friend circle and myself do investment in stocks and mutual funds and shit cause no other way to build wealth. I think that the higher you go in the pay ceiling the more worried you get about your own future cause i have seen people who are older than me earning lesser than me just being chill with life ( idk when will i get that 😪 )

Ofc once in a while i go on trips with my partner /s

GoofyCupcake
GoofyCupcake

Amazon and others used to do those numbers (CTC,not base) for freshers. And I'm talking 10y ago. Not sure about latest ones.

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