Dave Builds ⚡️⌚️₿

I'm in my 40s. The most scared/disoriented people in my network are the ones that have the following resume => went to an Ivy League school, went into consulting for Bain or BCG or investment banking for a bulge bracket bank then MBA at Harvard/Stanford and then career progression in high income tech W2 or hedge funds/private equity. A number of these individuals in the last 5 years have been unexpectedly let go in their early 40s with 2-3 kids in private school and a burn rate they socially struggle to walk away from (kids have close friends now, business connections at the private school their kids go to, living in a high cost location makes it easier to network, etc). These are the people literally have only been told they are excellent their entire lives and now are in year 3-4 (no exaggeration) of trying to land a new job. Some are willing to "settle" for working for mid 6 figures (some even less) just to cover their burn rate with a young family. AI probably makes this dynamic happen earlier in one's career going forward for some of these perfect resumes individuals. Good chart from @Jack_Raines in his book Young Money