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  1. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    I don't get the takeaway from the story :D
  2. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    But the issue is valid for high earners regardless of source of income (own business/employment). The lifestyle inflation is a trap, I am increasing my salary-to-income ratio as my salary rises. Especially, in consulting some people live in golden cages/handcuffs, they have very high standards...
  3. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    My interpretation is different. It is a forum for/of people who want to be wealthy, and entrepreneurship is usually the best way to achieve that. I am using more levers. Dubai salaries are higher than in my country, plus you have 0% income tax vs 45% in my country. And I do not feel like there...
  4. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    I am assuming 60% saving rate, exactly the same as I will have for 2023 ;) The salary levels I confirmed with multiple sources, I work with people from MBB ME offices, as salary is not negotiated it is not a big secret, of course, it varies due to bonuses (especially on partner level) Look even...
  5. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    And just to be clear, I enjoy discussions with all of you guys and highly appreciate that, I like to be challenged and hear different opinions as it stimulates my thinking about that topic. Also is kind of interesting how the responses can be divided into two segments - open-minded people who...
  6. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    Hahaha.. I saw that video earlier (btw it is a good YT channel), it is very biased. I would say that management consulting is like a hammer: it can be good, it can be bad, and it is up to who and how uses it. (I do not want to go into a debate and create off-topic). That being said, I do not...
  7. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    Sure, here are the points: In theory, you have an "up or out" policy, but in reality, ~90% leave MBB on their own (valid at least for my country and ME) I have good scores on the evaluation panels, so I am above average, I aim to shorten to promotion path (although not assumed in the baseline...
  8. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    For me, the book was about how to be wealthy fast, I do not really care to be or not to be an entrepreneur. If I would decide 5-10y ago then going into entrepreneurship would be no brianer, but in the current circumstance it is more tricky. Yeah, you got that right. "The dream lifestyle" you...
  9. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    That is the reason for 60% of my savings to income, in reality, ~1m USD assets would be enough to maintain my current standard of living in a passive way. And I really do not complain on my standard of living. Yeah, my experience is that most entrepreneurs work like that or even more, often...
  10. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    I have been working in the industry for ~4 years, and I do not see a material risk of not getting promoted to associate partner, with a partner promotion it might be more tricky, but there are no red flags as of now. With work-life balance, it is more tricky. One thing that I might consider...
  11. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    I got your points all of them are from the book. I do agree that the risks exist, however, the current path is by far less risky, being an entrepreneur, you can also face COVID and other market disruptions that can crash you fast, plus the statistic that ~50% of new businesses fail in the first...
  12. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    The benefit of working in MBB (McKinsey, BCG, Bain) is that the promotion path and salary per grade are very clear. I confirmed that with multiple sources, partners earn from 0.6 to several m USD with no taxes in Middle East, and it is cash. The potential issues that I see: need to move out...
  13. C

    When Fastlane doesn't make sense?

    SLOWLANE 
    I read “The Fastlane” book and agree with the general concept that Fastlane is better than Slowlane. However, I am struggling to think about how/if it applies to my situation. I am ~30yo I live in a European country with a relatively low cost of living (prices around -50% vs US) Currently, I...
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