Most people I work with are worth 1Cr+ after 25. I have figured their secret 😛
I have seen a lot of questions here about how to become rich or successful. I initially thought I could make a course and shill it on LinkedIn, but then I decided against it. Context is: I work in a field where most around me are making a lot of money, and typically everyone's a crorepati by 26/27. That's what I have seen.
Their secrets:
- They work 12+ hours a day consistently for 5 days a week, and then some more on Saturday (sometimes Sunday). Even at the peak of covid, when everybody was scared and would avoid working, these fuckers would.
- They are ultra competitive. They will compete on anything, not just work. They are addicted to poker. They will debate anything during lunch time, no matter how frivolous it is. Pure TYPE A folks.
- They never complain about working hard. It's just second nature for them. Stems from IIT/IIM days, but continues. They don't question it. (I do, because I am not them)
- They obsess over money. They constantly try to figure out where they can make more money. All invest actively.
- They are incredibly well read. Can speak at length on any topic. They truly love going deep into a topic and coming out with the crux of it (or so they may think).
Now I know one thing. These are very obvious things. Everybody knows if you do this, you probably would become successful. But my takeaway is to do it. It's super difficult. But at my age, I have no option but to not try, now that I have seen how its done.
Doesn't seem worth it though. Maybe until you get into an expertise in your field, you should strive for point 1. Beyond that, I wouldn't recommend.
Money isn't the most important thing in the world. Maybe it is for some folks, good for them
Yep. Exactly. There's been no week where I have not questioned why the fuck do these people not want a life.
But then, somewhere, I also want to be successful in life, and feel like I should put my head down and at least give this a shot for 1-2 years more. At least I will have the satisfaction that I tried it once in my life
Define your success based on what makes you happy. Do you think IAS/IPS, historians, policy makers, etc don't consider themselves as successful? They just don't think earning money is success, they want to excel in the field simply because excelling involves solving better and better problems in the thing they choose
Stop the CAP. Assuming you graduate at 22, there are NO jobs(except for the remote ones) that can get you to 1Cr+ INR hard cash networth in 3 yrs. Considering 5 lacs yearly expense you would have to earn 40 lpa post tax. The only companies that can come close to creating that sort of wealth for it's employees are quant trading firms like Tower Research
Nope, this is for VC The starting pay is 50L+ (this if for 2 YoE). It goes to 1.5-2Cr for post MBA folks who join after IIM.
Toh 1 cr networth nai hoga na bro at 25
Point number 1 itself has many consequences from health to relationships. They are not very well socialized or integrated, often have mental issues undiagnosed and untreated, heavy drug/alcohol use as well in many cases.
This much is enough to opt out of that life. Moving fast while breaking yourself isn't worth it. Many of them will understand this in the next decade of their life, hopefully before it's not too late.
Agree with consequences on health and relationships These guys are well socialized though, and quite normal in social interactions, quite good even. No heavy drug alcohol, simple people only that way
It's not about good social interactions as much as depth of the relationship. If you can't make more time for people, the relationship remains shallow. If they were ever in need, how many people would show up to help? That's the true test of integration in a community/circle.
I'm not saying all of them have problems with drugs alcohol etc. I'm just saying high performance comes at a cost, can be anything.
This makes sense for 25-30, but mostly after 30s this changes due to mental, physical health issues, poor general social well-being, trauma from waves of layoff / performance review that tell how corporates work.
True. I've seen seniors pretty much mellowing down after having kids. Not completely mellowing down, but their intensity does reduce
If anyone is still wondering, OP is talking about private equity, hedge funds and HFT guys. One can easily bank a crore by mid-20s.
For context, there are less than 1000 people in India who work in private equity. And hence they are so highly paid people.
Very limited jobs indeed
Is this new quora ?
