If you can drop 30k on something and not care, your minted. Most people dont earn that in a year.
Just want to be minted.
- Thread starter willhub
- Start date
- Status
If you can drop 30k on something and not care, your minted. Most people dont earn that in a year.
Soldato
- Joined
- 21 Apr 2007
- Posts
- 6,636
Everything is a trade off, you up your wage to 30k. You will have less freedom and more responsibility in some form. Not always...... but as a general rule of thumb mo moneh mo problems.
It's about finding a healthy balance between freedom and work.
Do you have kids/family to support etc? surely as single guy 23k isn't too bad unless you are wasting money.
It's about finding a healthy balance between freedom and work.
Do you have kids/family to support etc? surely as single guy 23k isn't too bad unless you are wasting money.
Earn more now than I ever thought I could 5 years ago. Mostly through hard work and pursuing better paid opportunities whenever they arise. I used to be happy if I ever worked less than 12 hours a day, although I've been taking it easier than that recently. I've definitely given up things others have enjoyed in order to further my career.
The utility of money decreases the more you earn, something like:
The utility of money decreases the more you earn, something like:
- Enough to pay the bills - Critical
- Enough to pay for hobbies/nights outs etc - Very useful
- Enough for luxuries/faster car/nicer watch - Somewhat useful
- Any more - Not that helpful, and can often be problematic
- Joined
- 13 Apr 2010
- Posts
- 18,478
- Location
- Sunny Sussex
You'll never get rich digging someone else's ditch
Agree, I find it quite depressing on here when the greedy ones (there are a few unfortunately) bang on about money money money, their goal in life is to be a stinge pot.
Hard work is a given - I think it's risk taking is the key to 'being minted'. Hard work alone won't necessarily get you there, unless you think you can endure a conveyor belt slog with a carrot at the end.
I'm in a professional services role and, yes, I'm relatively wealthy (if we are looking at 'average wages'), but I'm absolutely not 'minted' in a "I'm going to buy a McLaren AND a Porche" way. Getting "to the tippety top" is (assuming that having the skills is a given) requires sacrificing everything to work, certainly any sort of normal relationship or social life, or knowing the right people (although you can make yourself know the right people). If you've got the skills, but that's it, be prepared to sacrifice your soul to the long-ass slog, mortal employee X3627B!!!
In other words, and I'm directing this at the OP, such a 'professional services' job, which sounds good on paper and perhaps 'wholesome', is not necessarily the dream ticket to being 'minted'. It's more likely a ticket to being 'financially comfortable' (but perhaps over-worked and stressed).
There is also the annoyance, for any job really, that if you're the sort of person that relentlessly pursues doing a good job and being excellent, you actually make the hard job even harder and more stressful than perhaps it otherwise is... and those that are more blasé about their work simply coast on, coping with stress a lot better. So unfair!
Well, serves me right for not having the balls nor the creativity (in an entrepreneurial sense) to be truly successful... and for clinging to the comfort of that conveyor belt.
Sounds very sensible - good for you!
Permabanned
- Joined
- 9 Aug 2009
- Posts
- 12,234
- Location
- UK
Well, I went to university, trained to be a software engineer, just happened to join the right company at the right time, worked my butt off for 10 years, and yeah you'd probably think I was minted (but I don't tbh, it's never enough).
Ive done a sort of similar thing (except I'm on the correct side of the Tamar
) - moved away from south east, took a pay cut, yet wake up feeling a lot happier. Unless there has been no swell for ages!Money definitely doesn't equal happiness. Working out what makes you happy is the trick.. and if it's something that costs lots and lots of money then maybe it's worth re-examining.
I've worked an average of 48 hours a week with the occasional 90 hour weeks, sacrificed my health, relationships and happiness. I made £42k last year as a junior doctor. Money will not bring you happiness, but you need enough to meet your needs. Unfortunately some people use money and spending to fix other problems in their life. Someone will always be willing to sell you something which you think will make you happier.
Soldato
- Joined
- 30 Sep 2005
- Posts
- 16,834
I earn a good wage, but my god do I have to work for it. Exams, experience, management, stress!!!
You want money, work hard for it.
You want money, work hard for it.
Unfortunately this is your problem right here mate.
If you want to earn, you have to work for it. Management is tough, highly skilled jobs are tough, running a successful business is tough.
If you want happiness from your work, you need to find what you love, and work hard to make a living out of it.
Almost everyone who ‘seems minted really easily’ has worked very hard to achieve their income, and while they may pass it off as no big deal, or an easy job, I assure you it’s absolutely not.
If you really want to be successful you need to change your attitude in a big way.
Last edited:
Christ, this. Absolutely this.
It’s a damned tough profession with little thanks, huge pressure and an incredibly tough start. You have my appreciation, admiration and respect. People like you have saved my life and the lives of people I love. Thank you man.
I don’t doubt your hard work and sacrifice will pay off, good luck in one of the most important jobs in the world
I have just given up management, as it's not what I wanted to do and it was genuinely the worst 2 years of my life in terms of stress - but had an opportunity to learn more about the business and the technology so took it (it was supposed to be for 6 months).
Now back to a lowly developer/engineer - but for a higher profile team. On the same salary.
Now back to a lowly developer/engineer - but for a higher profile team. On the same salary.
Associate
- Joined
- 31 Aug 2017
- Posts
- 2,209
The other problem with being a manager or supervisor... you wont be liked.
You can go from being friends with your work mates to being on the opposite end of a barrage of abuse, worse.. they could unfriend you from FB
Not only do they have your knackers in a vice but you cant do a lot about it, well not in the public sector anyway, and if you do try and drive up there output they wont be very happy about being pushed and oyu will get the aforementioned FB unfriend.
Of course you could be a right crap manager and you deserve all that comes your way, but a lot of the time your just trying to do right for the operation your in, but if that means Bob cant steal 15mins off company time by sneaking out early every night he will hate you for it.
Been there, done that got the pills.
You can go from being friends with your work mates to being on the opposite end of a barrage of abuse, worse.. they could unfriend you from FB
Not only do they have your knackers in a vice but you cant do a lot about it, well not in the public sector anyway, and if you do try and drive up there output they wont be very happy about being pushed and oyu will get the aforementioned FB unfriend.
Of course you could be a right crap manager and you deserve all that comes your way, but a lot of the time your just trying to do right for the operation your in, but if that means Bob cant steal 15mins off company time by sneaking out early every night he will hate you for it.
Been there, done that got the pills.
The other problem with being a manager or supervisor... you wont be liked.
You can go from being friends with your work mates to being on the opposite end of a barrage of abuse, worse.. they could unfriend you from FB
Been there, done that got the pills.
I stopped caring about being liked a long time ago, it goes with the territory. If you can earn respect it’s far more important, and rewarding.
Just got to focus on creating a good atmosphere for people, that works for them and the business. You’ll always be pood on from above, and the people below will throw it back up at you.
Definitely not for everyone though like you say, it can be super stressful, and miserable.
I’m not Facebook friends with a single colleague, so at least I can dodge that dreaded bullet
Bob would definitely hate me
Soldato
- Joined
- 18 Oct 2012
- Posts
- 8,353
i think the problem is that as with all things in life, the higher the reward the greater the effort/risk required.
working for someone else is a stable and low risk occupation, but then it's also not paid that well
if you increase your skills then you can make more, but there's a cap even on that if you're still working for other people. but at least its still stable.
then you get into the entrepreneurs, it's a lot of work and risky given there's not much stability starting out, but the potential rewards are much greater
and at the top of the list are the likes of stockbrokers, which ultimately is gambling, for every millionaire there are countless folk who've lost it all, and even those that do well can get burned up by the stress of it all, sure you can retire at 30 but you'll need to.
the choice really is how much effort you're willing to put in, and how much you're willing to risk losing, to climb the ladder of capitalism. tbh i think there's a middle ground, you need enough to feel secure in your basic needs, but not so much that you start making big deals over small problems because you've nothing better to do.
working for someone else is a stable and low risk occupation, but then it's also not paid that well
if you increase your skills then you can make more, but there's a cap even on that if you're still working for other people. but at least its still stable.
then you get into the entrepreneurs, it's a lot of work and risky given there's not much stability starting out, but the potential rewards are much greater
and at the top of the list are the likes of stockbrokers, which ultimately is gambling, for every millionaire there are countless folk who've lost it all, and even those that do well can get burned up by the stress of it all, sure you can retire at 30 but you'll need to.
the choice really is how much effort you're willing to put in, and how much you're willing to risk losing, to climb the ladder of capitalism. tbh i think there's a middle ground, you need enough to feel secure in your basic needs, but not so much that you start making big deals over small problems because you've nothing better to do.
no it isn't, it is sales/account management essentially
The way I see it these days is this, if you do not have a passion for something then you will not get very far because people will see through that in tough situations.
I'll be honest I'm not very happy where I am currently, but I keep having to remind myself that the salary I'm on at my age (under 25) is decent, but it's starting to wear off very quickly and I've done it for less than a year...
I've seen a couple of people break out of the mould of a semi-comfortable salary, they did work 16 or 18 hour days though. They did there usual 9-5:30 and then they spent 6:30 until midnight grinding away at a side project.
I'll be honest I'm not very happy where I am currently, but I keep having to remind myself that the salary I'm on at my age (under 25) is decent, but it's starting to wear off very quickly and I've done it for less than a year...
I've seen a couple of people break out of the mould of a semi-comfortable salary, they did work 16 or 18 hour days though. They did there usual 9-5:30 and then they spent 6:30 until midnight grinding away at a side project.
Working hard + taking risks + enjoying what you do for a living + quantifying your worth (e.g. sales) + correct mindset = profit??
Could you and a friend (to share the risks and double the knowledge base) not start a business with the skills you would have accumulated to date?
I've had a few business ideas that leverage my skillset and I'm going to try them out part-time (whilst working in my current role) which have relatively small sunk costs but would require me giving up a few Saturdays every month and putting a few extra hours in here and there. By doing this, I would look to pull in an extra £2,000 a month after tax (conditional on it going well) from the beginning. If it doesn't go well I will probably lose £100-£200 in sunk costs but a lot of time in the build-up to it would also go to waste and spare time is something I place a high value on. I don't need to do this to support my current lifestyle, in fact, I'd say I'm putting away almost 40% of my income each month but I want to do this in order to accelerate the growth of my wealth and eventually my living standards. Anyhow, it is early days and I still need to finish doing my research plus it may fall flat on its face, in which case it's back to the drawing board.
The moral of the story is if you've got a skill that you could use to make money for yourself, which you could try out whilst staying comfortably within your risk limits, then go for it.
Could you and a friend (to share the risks and double the knowledge base) not start a business with the skills you would have accumulated to date?
I've had a few business ideas that leverage my skillset and I'm going to try them out part-time (whilst working in my current role) which have relatively small sunk costs but would require me giving up a few Saturdays every month and putting a few extra hours in here and there. By doing this, I would look to pull in an extra £2,000 a month after tax (conditional on it going well) from the beginning. If it doesn't go well I will probably lose £100-£200 in sunk costs but a lot of time in the build-up to it would also go to waste and spare time is something I place a high value on. I don't need to do this to support my current lifestyle, in fact, I'd say I'm putting away almost 40% of my income each month but I want to do this in order to accelerate the growth of my wealth and eventually my living standards. Anyhow, it is early days and I still need to finish doing my research plus it may fall flat on its face, in which case it's back to the drawing board.
The moral of the story is if you've got a skill that you could use to make money for yourself, which you could try out whilst staying comfortably within your risk limits, then go for it.
- Status