Working to Death on Wall Street? 35-year-old Junior Bank of America Associate Passing Ignites Working Hours Concerns (#255)

Financial Advisors Say The Darndest Things

Episode Summary: In this episode we draw attention to the recent tragic death of a 35-year-old junior banker from Bank of America and US Army Veteran. Ridgway emphasizes the importance of maintaining a healthy work-life balance and prioritizing one's well-being over career ambitions. Reports are not saying the cause of death is his workload but the recent passing does ignite anger around the working hours of 100 or more per week.

Key Takeaways:

1. The Toll of Overwork: Ridgway highlights the dangers of overworking, citing the case of a young banker who tragically passed away due to acute coronary artery thrombus. He warns listeners against sacrificing their health and lives for the pursuit of financial success, urging them to prioritize self-care and balance in their professional lives.
2. Christian Financial Values: As a Christian financial advisor, Ridgway emphasizes the importance of aligning financial practices with Christian principles. He encourages investors to prioritize patience, ethical investing, and financial stewardship, emphasizing the need to resist the toxic mentality prevalent in the financial industry.
3. Advocating for Change: Ridgway discusses the efforts of junior investment bankers to advocate for better working conditions, including caps on working hours and more frequent breaks. He urges listeners to support initiatives that promote a healthier work environment and to reconsider their own work-life balance if it leans towards excessive stress and overwork.
4. The Love of Money: Reflecting on biblical teachings, Ridgway warns against the dangers of prioritizing wealth and career success over personal well-being and spiritual values. He reminds listeners that no amount of money is worth sacrificing one's health or life, echoing biblical warnings about the love of money.
5. Sharing the Message: Ridgway concludes by urging listeners to share the episode with anyone who may be experiencing excessive stress or overwork in their professional lives. He emphasizes the importance of offering encouragement and support to those who may need to reassess their work environments and priorities.

Quotes:

1. "Life is more than just money. Yes, they have a lot of money, but look how many hours they're working per week."
2. "No job is worth your life. 35 is too young to die from work overload."
3. "What are they going through to get that and is it worth the price?"

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.