“Is it all worth it?”
It was one of the first emails I received after starting this site.
Someone had written a long message asking about the trade-offs of going into finance vs. joining a normal company vs. becoming a nomadic horseman in Mongolia, but that’s what his question came down to:
Does the money justify the long hours and the suffering you endure in demanding, high-intensity jobs like investment banking and private equity?
We spend a lot of time predicting and debating bonuses and compensation…
…but hardly anyone asks the underlying question: Does it matter?
In other words, how much of a real difference in your life does money make?
I’m going to break this one down today, and explain how money changes your life and your mindset – and I’ll tell you some stories of how my behavior has changed over the years.
Why Does This Question Matter?