The 5 year plan to £50k

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FoxEye said:
Hi mate :) I have no doubt that you're right. Ex-mil people do tend to be disciplined and focused. If only the mil wasn't, at the end of the day, concerned with killing people. As a strict pacifist, I can't join the forces.

But if there was a non-killing version of the military I'd probably sign up tomorrow ;) I know not every role is a combat role but at the end of the day they all serve to support the combat roles.

P.S. Do they really take 34 year olds? I always had the forces down as a young man's game. Much like footballers, by the time they get to 35 they're either officers or approaching retirement, no? Or is that just the army?
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I think that you are one of those guys who always has an excuse for why they can't do anything.
 
The Craig said:
Also some of the advice in this thread seems less than ideal... If you're earning 50k in London you're still not going to be able to afford a house like OP wants, also I imagine being an electrician /plumber isn't as lucrative as you let on.
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50k in London (when living in the cheaper suburbs) will generally get you on a road to better better job prospects... the house will come eventually.
 
oulton said:
I was very lucky to get where I am but must admit to being really ambitious and driven to get a good wage from early on, after knowing what it was like to grow up in a family where money was tight.

After graduating from my masters at 23 my first job was 40K.
I then took a job at 56K aged 25.
At 26 I set up my own consultany business and took around 80K for the first year, its risen to about 110K aged 29.

You should specialise in something. I wouldn't abandon your current skillset completely (it support). You could try to expand it with in demand skills such as advanced networking, though I imagine you would need to stump up the training funds unless you can convince your employeer.
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It also depends where you are, £50k pa in Cornwall is a fortune, £110k pa in London is 'ok'.
 
teaboy5 said:
What's the pay p/a without overtime ?
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Without its 37k, I'm contracted to 40 hours so if I have time off, they only pay those hours. Works out better for me, because people who have a flexible contract, don't get paid overtime rates if they work over, just standard hourly fee, but they have a higher salary figure than I do :)
 
Work hard and hope you're lucky and get an opportunity to take as you won't get many of them in life when it comes to job roles..

Am sure many people work really hard but never "make it" in their own eyes because they don't get or won't risk taking an opportunity... but if you want to be in that top few % you don't get there by playing it safe.
 
Pneumonic said:
Work hard and hope you're lucky and get an opportunity to take as you won't get many of them in life when it comes to job roles..

Am sure many people work really hard but never "make it" in their own eyes because they don't get or won't risk taking an opportunity... but if you want to be in that top few % you don't get there by playing it safe.
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Spot on, I think you have to be prepared to take some risks if you want the big money. I had to call my employers bluff when I wanted to start subcontracting to them as initially they refused, so I said I would leave if it wasn't an option..
 
oulton said:
Spot on, I think you have to be prepared to take some risks if you want the big money. I had to call my employers bluff when I wanted to start subcontracting to them as initially they refused, so I said I would leave if it wasn't an option..
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I done similar.. but didn't work out quite the same way! was in a comfortable 60K PA job.. moved into contracting.. one day got a phone call from a guy I had meet 2 years previous.. joined his start up.. now much better off than 60K PA or contracting..
 
FoxEye said:
yes it's mostly true that jobs paying <30k are not skilled jobs. Is it somehow insulting to actually state the obvious?
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Where on earth did this come from, plenty of jobs need skills well under that to be honest.

I would get the 50k out of your head straight away and just see what comes about, your salary for living at home is very good so put it to use somehow.
 
LordSplodge said:
:P To be fair it is where 99% of people fail. Planning is great but doing takes a lot of effort.
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Same as anything.

From time to time I see people "I want to start a business, can you tell me about..."

The answer every time is simple - if you're too lazy to do the legwork you're not going to make it.
 
FoxEye said:
Anyway, yes it's mostly true that jobs paying <30k are not skilled jobs. Is it somehow insulting to actually state the obvious?
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I find this to be the most (accidentally) comical thing you have posted. I have an Exchange administrator and a Cisco network engineer that work for me as part of my team. They're a tad under your magic 30K where the 'skilled' jobs start.

Both these people are skilled. Really skilled, I couldn't manage a cluster Exchange 2010 install of this size and I don't know my way around a Cisco ASA firewall without being dangerous...

Not skilled. Pull the other one. My examples are IT. I could give others in different fields but you get the idea.
 
I was on 15k when I had a BTEC Nat dip in computing & a BSc in business computing. My annual is under 30k now I have both of the above, am Citrix Certified and have worked in IT support for 6 years. Prove you are good at what you do and you will be sought after - either internally or externally
 
diamount said:
What is the appeal of working 80-100 hours a week, if you haven't got time to enjoy the money you've worked for?
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I would imagine most people working those hours will be owning businesses, or, are at a level in a business they work for where they feel a certain level of 'ownership' over their work and what they're working towards.

When you have a business and you are progressing each day and making your business bigger it's not so much work or a job as a part of you.
 
diamount said:
What is the appeal of working 80-100 hours a week, if you haven't got time to enjoy the money you've worked for?
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Very few people work those hours... frankly it's insane to do so.

There is a lot of Macho BS about long hours in the city but lots of it is BS. FX Traders sometimes work long hours when they're covering for other time zones, people in middle office will sometimes work till midnight, work weekends at month ends, year ends etc... but get quiet periods in between, days in lieu etc... The actual investment banking, M&A etc... side is prob the longest hours though even they fluctuate somewhat and it's more the analysts/associates with the longest hours.

I think if someone is claiming to work 80-100 hours a week they're often fibbing or it's a temporary situation. Frankly if you're doing those hours and not either a PhD student or self employed/starting a new business then you ought to re-evaluate your life.
 
danielanthony said:
It also depends where you are, £50k pa in Cornwall is a fortune, £110k pa in London is 'ok'.
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Anyone who says that is buying too much cocaine.

Living in London on less than £25k pa is well doable unless you insist on taking taxis everywhere or living alone in Zone 1/2. You won't be taking any fancy holidays, but you don't need to be earning an additional £80k pa for that.
 
TJM said:
Anyone who says that is buying too much cocaine.

Living in London on less than £25k pa is well doable unless you insist on taking taxis everywhere or living alone in Zone 1/2. You won't be taking any fancy holidays, but you don't need to be earning an additional £80k pa for that.
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Yes but we all know that as soon as you move to London you must instantly live like a rock star, eat out every night and drink in all the places to be seen at!
 
dowie said:
Very few people work those hours... frankly it's insane to do so.

There is a lot of Macho BS about long hours in the city but lots of it is BS. FX Traders sometimes work long hours when they're covering for other time zones, people in middle office will sometimes work till midnight, work weekends at month ends, year ends etc... but get quiet periods in between, days in lieu etc... The actual investment banking, M&A etc... side is prob the longest hours though even they fluctuate somewhat and it's more the analysts/associates with the longest hours.

I think if someone is claiming to work 80-100 hours a week they're often fibbing or it's a temporary situation. Frankly if you're doing those hours and not either a PhD student or self employed/starting a new business then you ought to re-evaluate your life.
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I know my sister was / is working a 60 hour week in 4 days most of the time, but she gets paid insane amounts for doing so; Partner in top law firm we're talking around 500k, when she reaches senior partner this will double - age? 34
 
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