‘The Money Is Meaningless At This Point,’ Says A 31-Year-Old Hedge Fund Professional Still Working 7 Days A Week
A surprising revelation on Reddit has left users in awe after a 31-year-old investment professional at a credit hedge fund shared that he has amassed over $13 million in assets, yet continues to work diligently every single day. Going by the username u/pocketacez, the individual posted a screenshot of his account on the r/Rich subreddit, showcasing a total asset value of $13,067,710.
In his post, he mentioned, “I work every single day, but this does not mean 15-hour days each day. The weekends are much more sparse — sometimes the entire weekend, sometimes just an hour to log in and read some stuff.” Despite inquiries about why he persists in working when financially secure, he clarified, “The money is meaningless at this point, a $10 million payday (like $4.5 million after taxes) literally cannot change my life. But you do it for the thrill of being good at something.”
Specializing in the niche realm of credit finance, he emphasized that while his base salary is $150,000, the real earnings stem from bonuses. “In my field, the bonus is the only real thing that matters,” he explained. His monthly expenses are equally staggering, with a credit card bill ranging between $15,000 and $20,000, along with approximately $30,000 in mortgage and interest payments for two properties. This elucidates why he maintains over $200,000 in checking for “Travel, general purchases, restaurants, etc.”
When questioned if he would still work if he won the lottery, his response was resolute: “I always ask myself what I’d be doing if I won $1 billion in the lottery… the answer is always the same, I love what I’m doing, and I’ll keep doing it.” The discussion garnered numerous upvotes and a plethora of comments, spanning from admiration to criticism. Some quipped about being adopted, while others pondered his work-life equilibrium.
In response, he disclosed more about his upbringing, being raised in the Southern U.S. middle class, working at McDonald’s as a teenager, and utilizing early savings to invest in stocks. Subsequently, he attended an Ivy League institution before transitioning to Wall Street and eventually venturing into the hedge fund domain.
