Cars, Money, Partner Issues, Quote of the Day

Quote of the Day: Or You Could Also Buy a Less Expensive Car

Once you pay for a house, a car and child care, it’s not that much money. You feel like regular middle-class people.

Stefan Baugh, a former Katten Muchin Rosenman partner, who quit his job to start a private equity firm and make more money.

(Baugh gives more explanation of his #firstworldproblems, after the jump…)

Here is Baugh’s more detailed explanation of why he quit his job at Katten. Namely, fast cars! From the Washington Post:

Stefan Baugh already drives a Jaguar, but he dreams of being able to afford any car he wants.

“It would be great if I could drive by the Ferrari store and say, ‘I want that red one,’ and just buy it,” he said.

Stefan Baugh recently left his job as a partner in a large law firm to start a private equity company with two colleagues. He was motivated, he said, by a desire to create something as a legacy for his family — and to boost his earnings.

“If this goes the way I want it to, I could literally be a billionaire someday,” he said. “If I continue practicing law, there is zero chance of becoming what I consider wealthy.”

Elie would probably agree with Baugh that rich is as rich does, but from where I’m sitting, might I kindly suggest that Mr. Baugh stop complaining about the fact that he has more money than nearly every other human being who has ever lived in history. I’m just sayin’…

Joining Washington’s one-percenters takes more than the U.S. average [Washington Post]
Joining Washington’s one-percenters takes more than the U.S. average (slideshow) [Washington Post]

Earlier: Earning $250,000 Does Not Make You Rich, Not in My Town

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