Windows of opportunity come & go. You won’t get many opportunities to drastically change your life, so when you do, you need to pounce.
Let’s run the numbers:
You’re 26. You’re a private equity associate.
You hate what you do, but the money is good. But the money doesn’t make you happy, so you’re lost & don’t know what to do.
If you stay in private equity another year, you’ll be a senior associate. They’ll pay you more, you get some carry, and the hours get better.
Okay, so you do that.
You’re 28 now. You meet a girl. You start dating. Things are going well.
You’re 29. Deal flow was chill so the job was pretty cushy so you didn’t feel the need to leave. You got promoted to VP. More money, more carry, hours are better. Seat…gets…comfier…
Now you’re 30. Things went really well w that girl ! You’re thinking of proposing. She, the love of your life, deserves a rock indicative of that. That’s a big chunk of change. One more bonus you say! Plus, carry is a few years vested :)
31 & you’re getting married. You have so much to plan for the wedding & also need to take a lot of vacation so now isn’t the time to look for a new job.
32 & what’s next?? A house ! So all that money you’ve been saving up just went out the door to a downpayment. You get the dog and what’s next…
33. You’re thinking about kids. You’re still in the job you said you’d quit. Is now the time to quit?
When I left private equity, a banker called me and said “I’m proud of you. I always planned to quit and somehow never did. I’m 40 now, wife, 3 kids, house in Manhattan. I’m stuck.”
Love the guy, but that’s a horrible place to be at 40. Stuck.
My dad always said, “be like a dog. Live like someone left the door open.”
When the opportunity is there, take it.
Make your great escape.
It’s either that or be stuck in the house, dreaming of getting out…