How does a 60+ hour work week look like?

[Al B. Sure!]

Is that your idea of a lot of money?

I live on $20K a year. If I were making $60K, I'd literally have a quarter million in the bank after a few years because I wouldn't know what to do with so much money.

[KrazyHorse]

?

You can't buy a house on Manhattan on a 75k a year income (especially because your end of year doesn't count in loan applications until you've gotten it 3 years running)

[Al B. Sure!]

?

You can't buy a house on Manhattan on a 75k a year income (especially because your end of year doesn't count in loan applications until you've gotten it 3 years running)

Well she doesn't live in Manhattan She commutes from Philly to their Wilmington, DE office. She also has been working there since we graduated at the start of 2008.

[KrazyHorse]

I live on $20K a year. If I were making $60K, I'd literally have a quarter million in the bank after a few years because I wouldn't know what to do with so much money.

In NYC, 60k is 35k after taxes. 34k after contributions to health insurance. Even a ****ty shared apartment anywhere reasonably near your work would be 1250 a month. So 19k after fixed costs. As a first year analyst you probably get free dinner 4 nights a week, but you still have to cover the rest of your meals. On Manhattan, food cost is ~250 a month at a bare minimum, never eating out. Down to 16k. Add in the clothes you need to buy for your jobs (people without real skills like yourself have to present a good image) and the associated dry cleaning costs, and you're down to 14k. Electricity and phone bill, down to 12.5k. Metro card, down to 11.5k

0 luxuries and you can save at most 11.5k p.a.

[KrazyHorse]

Well she doesn't live in Manhattan She commutes from Philly to their Wilmington, DE office. She also has been working there since we graduated at the start of 2008.

Then she doesn't make close to as much as I mentioned previously, and her upside is severely capped.

Commercial banking

[KrazyHorse]

That is analyst? Not associate?

[self biased]

This past week, i've logged in close to 90 hours or so. for about thirty of those hours i got paid to sleep, though.

[onodera]

In germany this is changing for the better finally...
shops are usually open till 8 PM, often even till 10PM from monday till saturday.
And shops at railway stations are allowed to open on sundays as well,
which is why many large railway stations nowadays resemble small shopping centers,
with suprmarkets and other shops, that are open 7 days a week

Well, I was in Konstanz this summer and still had to suffer from this. The only large supermarket there closed at 6 or 7pm and didn't open on Sundays at all. There was a single shopping day, though, Thursday, when it closed at 10pm.
...w-w-wait a second. "Allowed to open"? You mean you CANNOT open your shop on Sundays otherwise?

[KrazyHorse]

Yeah, they have crazy laws there.

[Proteus_MST]

Exactly...
till maybe the mid of the 90s we had rather strict regulations on the times when shops were allowed to open (Ladenschlußgesetz [shop closing law]). Shops were allowed to open only till 7PM during the week and till 2 PM on saturday (later in the 80s the regulations were loosened a little bit by allowing shops to open toill 8 PM on thursdays), with only certain stores being allowed to open on sundays (usually little shops at gas stattions, as well as bakeries).

From the 90s on these regulations were more and more loosened and nowadays each federal state in germany has its own regulations, with most of them allowing shops to open 24/6 with the sunday being the only day were shops (outside from gast stations or railway stations) usually have to be closed (with the exception of selling sundays, certain sundays, usually on a per city base, where shops are allowed to open on sundays as well (usually connected to festivities in these cities at this time)) .

But usually you have a hard time finding open shops after 8 PM outside of malls, as most shops close around 7/8 PM.

[KrazyHorse]

Most clothing stores in the US will shut down by 8 or so (depending on the day). Supermarkets generally stay open later, and many pharmacies in urban areas are open 24/7

[Spaced Cowboy]

I used to think that working all those hours was the right thing to do, but you are on salary, so no set hours.

I was working 70-90 hours a week a few years back for about $40-45K. You can't do that forever, you're crazy if you think you can.

Now I'm in a different profession and have a limit of 45 hours per week (my salary is almost 3x the old one, and I do make exceptions for emergency situations).



But here is the idea to debate here.

You are on Salary.

What benefit do you get beyond 40? Likely the workplace is the benefactor. The only reason to work more hours is to move up the ladder, but if you are a "rockstar" you should not need to do that either.

I used to think more is better, but now I don't.

[KrazyHorse]

I used to think that working all those hours was the right thing to do, but you are on salary, so no set hours.

I was working 70-90 hours a week a few years back for about $40-45K. You can't do that forever, you're crazy if you think you can.

Now I'm in a different profession and have a limit of 45 hours per week (my salary is almost 3x the old one, and I do make exceptions for emergency situations).



But here is the idea to debate here.

You are on Salary.

What benefit do you get beyond 40? Likely the workplace is the benefactor. The only reason to work more hours is to move up the ladder, but if you are a "rockstar" you should not need to do that either.

I used to think more is better, but now I don't.

1) What profession are you engaged in that pays you 135k a year for a 40hr week in the Dallas area?
2) If you'd been paying attention, you would have noted that I work for a salary plus year-end comp, the latter being the most important part of my remuneration.

[Jon Miller]

Most clothing stores in the US will shut down by 8 or so (depending on the day). Supermarkets generally stay open later, and many pharmacies in urban areas are open 24/7

All Walmart is open 24 hours a day...

JM

[Hauldren Collider]

Target is, too, I think, if you're looking for stuff that isn't ****.