They had either found a great one bedroom to rent or had purchased a condo somewhere in Manhattan when I graduated from college in 1999, a bunch of my fellow first-year classmates at GS proudly proclaimed.
At that time, I constantly scratched my mind and wondered the way they could manage to spend $2,000+/month for lease or $500,000 for an apartment whenever our salary that is base was $40,000 at that time.
When I surely got to understand my classmates better, however, we discovered most of them originated in extremely wealthy families. There is a number that is disproportionately large of whom decided to go to personal universities. One classmate’s dad was in fact the Prime Minister of Canada. Another parents that are classmate’s GS Private Wealth Management customers, in which the minimum become a customer had been having $25 million in investable assets.
Right right Here I happened to be, sharing a studio with my senior high school friend for a total of $1,800 per month because neither of us desired to invest over $1,000 30 days on lease. A later, my roommate abandoned me because his parents bought him a one-bedroom condo near the united nations building for $260,000 year.