Wall Street Playboys - Advice from Real Wall Street Professionals
September 21, 2018 by Wall Street Playboys 144 Comments
Q&A is closed.
September 21, 2018 at 6:30 pm
Referencing the following tweet of yours: https://twitter.com/WallStPlayboys/status/1041196099657031680
Why is something like “regular season 8th seed playing 9th seed” not an emotional bet? Aren’t the die hard fans always overestimating the chances of “their” team? “This time we’ll beat them, because Player X is on fire lately.” and rationalisations like that?
Wall Street Playboys says
September 21, 2018 at 6:46 pm
Not enough people, you need random people betting who never bet. Unlikely they show up for random events. Notice how people who know nothing about sports will talk about them if it’s a big event. That’s what you want.
September 21, 2018 at 6:39 pm
Had opportunity to work for self-made Millionaire who got rich doing YT (managed to grow a niche to a huge following), Affiliate & MLM’s. Was about building websites + writing copy for him…
Didn’t follow up correctly, took sales job at SaaS company instead – because I needed cash-flow ASAP. Pay is shit. (currently… there might be a window in a few months where I’ll get to explore a new market and make $$$ there)
Mistake? There might be an opportunity to hit him up again, and instantly quit current job. But I’m not quite sure if that’s the right move.
22y, College dropout
September 21, 2018 at 6:44 pm
This just looks like a rant. Unless you get equity, they are both just jobs so choose the one that pays the most and build your own biz.
September 21, 2018 at 8:54 pm
NOTE: this is a ‘pure money’ question despite it being somewhat about tech
Fast dollars or take the best shot (I think) at starting a large business in desired field?
First year on the job at a FANG, income will be 170k+ this year, 190k+ second year. I took it upon myself to start doing real work in a very very high growth tech area through side projects at work and now people who are good at this have noticed what I can do and offered their help/advice. I see growth here, a lot of growth, and many many people who have done this work (especially at my company) have started YC-funded etc startups.
However, I am aware that I can make 250-300k in finance even just next year if I jump ship. Friends in similar situations have done it. I will have a much much hard time getting into the high growth field as I will have to start from scratch (networking, proving my abilities, etc) again and moving around is _much_ harder in finance than in tech.
I will add 60k post-tax to my net worth this year (60k to my portfolio, meaning after 401k, Roth, HSA, etc). However, I could be adding 90-120k+. I have about 35k already saved up. Is it worth the NW hit to go for the high risk/leverage play?
September 21, 2018 at 9:51 pm
Doesn’t seem to make sense to jump, if you’re going to start a company finance skills are almost entirely worthless relative to technology.
So essentially the only way you jump is if 1) the hours are Lower not the same but definitely lower and 2) you can guarantee you make more for at least 3 years. Then we’d jump.
September 22, 2018 at 5:48 pm
Hours will be much much worse. I work 35 hours week (11:30am to 6pm) and no one cares at all when I come in (WFH very frequent too). Finance hours are much earlier and much stricter, I won’t have as much free time.
September 21, 2018 at 9:44 pm
Can you guys please leave Q&A open for a little bit longer for your Australian readers?
I checked before I went to bed and the page wasn’t up and now I wake up and its closed
September 21, 2018 at 9:48 pm
Just shoot us an email we’ll answer it thx!
September 21, 2018 at 10:17 pm
Is an engineering PhD completely useless, or is it worthwhile if I can get it for free while also collecting a 90k salarly just for going to school.
September 21, 2018 at 10:23 pm
Can’t help here since we never got one. If it doesn’t consume a lot of time and you are getting paid, could be good if you can start a biz during those years
September 22, 2018 at 12:29 am
Do not have IDs on me but long term reader and purchaser or both ebooks (Ik closed but i’m on central time right now!)
Loving the recent posts, especially the levels of wealth!
-When testing demand for physical products (private label supplements) via the method outlined in efficiency, how can you test without spending tons of time building website/long-copy lander/social proof/etc.?
Currently taking 4 weeks+ just to build website, lander, mockups, etc. And this before initial traffic test.
How did you guys streamline this before deciding on a product?
Thanks again. You guys give life changing advice that really has changed lots of young men for the better.
September 22, 2018 at 12:32 am
Basically there is no short cut my man, you’re doing it correctly. Eventually you learn which ones are good and which ones are bad to start building them and you don’t have to work as hard since you have a template.
Think about work, most stuff is templates built by someone else.
After that the big headache is making sure you target the right market perfectly (age range, gender, income etc)
September 22, 2018 at 1:09 am
Definitely seeing a lot of similarities between the top competitors in my niche (affiliate mindset – see what’s working, small tweak, then run.)
Thanks for clarifying that there’s no real shortcut when it comes to the testing phase. Back to the grind!
September 22, 2018 at 5:46 pm
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