Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Well, I'm 24 working a job I HATE. I hate my job with a passion. However, it pays pretty well. One of everyone my age, I only have one friend that is making more than me. He is a prison guard and they get a ton of OT. I sure do enjoy my paycheck but I would gladly work elsewhere where I enjoyed my work for 15% less pay. I spend 8 hours a day hating my job. Considering how much time you spend, you want to do something that hits a happy medium between income and enjoyment. It's not all about money.
Your friends becoming surgeons sure are thinking long time. Considering how much medical school cost, they will not make profit on their education until their early 30's hence why people are becoming nurses instead of doctors.
Investment banking is a total sales job now. If you are good at it, then you will make quality money but if you suck, you will be fired. I thought about doing this but you will probably start at a bank on the front lines cold calling people to get experience.
Lawyers...well, that depends on which area of business you want to get into.
Really very true .. i am also in job that Pays me alot but i don't like it..
Do you have any solution for this.? Due to good pay scale i really can't leave this job..
Maddoff is a perfect example of rich people being scammed by a crook.Allt hese scammers have a hook. madoffs was the exctivity of who money he would invest. Then the real lesson is the scam and the lessson we must all take form it. First if it sounds to good it proably is. The secong is that agnecies of like the SEC were completely incompetitent i protecting the investors. They didn't even do the basics after being warned by other experts. All they would ahve had to do is look if madoff was actaully trading.The lesso is that you better think for yourself as its likely the person protecting you is watching porn than protecting ypou. Anyone see any ehads roll because of the revolations o the SEC and Madoff;nope. Because the ones who are charged with oversight on the SEC is congress.Their the borad of that and so many other things like Fannie and freddie.If they were a priavte board they would be screaming for their own heads to the maddening crowd.
Then why is it that so many youngsters (like me) aim for a career that will get them the maximum amount of money rather than something that makes one passionate (and has production/knowledge value), like science/engineering?
Most of the friends I know aim to be surgeons, investment bankers, or lawyers. When asked who wants to be a scientist, or even engineer, there is a look of disgust on their faces.
Are scientists and engineers more passionate than lawyers or investment bankers or are they all just passionate about different things? Maybe the lawyers stink at science and the scientists stink at economics. It could be that simple.
I never had a goal of being rich. Ever. It was not a conscious decision, it just never occurred to me. I wanted a career that would pay my bills, leave me enough to do the things I enjoy doing and to save some money. Now, I'm retired with a nice pension, I'm still able to pay the bills and have enough left over to enjoy the things I like to do and haven't touched my savings. I'm not materialistic but that's an observation not a deliberate lifestyle choice. It's not a bad thing to want to be rich. It's just a different goal than other people have and some of those "passionate" people couldn't fulfill their goals if some other people weren't rich and paying taxes.
My next door neighbor is a 30 year old engineer who is better off than most 50 year old guys I know. Does he love his life and job? I don't know. But he is well suited to it and does very well financially.
As for the idea of becoming a wealthy surgeon or big time Wall Streeter, that is about as likely for most as becoming a rock star or sports hero.
Focusing on wealth building is not likely to lead to happiness. But, being financially secure does allow you to apply your energy to what is important in life. Get a good education towards a career path you will find rewarding. Have fun and in 20 years if you invest regularly and wisely you will be in great shape.
I am 50 years old and work in the engineering field (degree in psychology!). I am 100% debt free, own a very nice home and drive a GT500. I plan to retire at 57. Nuff said?
Hey another engineer on this forum.
29 year old engineer working for a defense firm in the Valley, it certainly isn't a sexy career by any means but it does pay well. I don't think I'd trade my position for any doctor/lawyer/banker!
Are scientists and engineers more passionate than lawyers or investment bankers or are they all just passionate about different things? Maybe the lawyers stink at science and the scientists stink at economics. It could be that simple.
I never had a goal of being rich. Ever. It was not a conscious decision, it just never occurred to me. I wanted a career that would pay my bills, leave me enough to do the things I enjoy doing and to save some money. Now, I'm retired with a nice pension, I'm still able to pay the bills and have enough left over to enjoy the things I like to do and haven't touched my savings. I'm not materialistic but that's an observation not a deliberate lifestyle choice. It's not a bad thing to want to be rich. It's just a different goal than other people have and some of those "passionate" people couldn't fulfill their goals if some other people weren't rich and paying taxes.
Not to pick on you, but this is all relative. Had your employer not bestowed you with the priviledge of a "nice pension" your seemingly adequate job that provided you with the ability to pay the bills and have enough left over to pursue your interests would have taken an automatic pay cut in order to fund your retirement; that same job would now be automatically NOT sufficient to provide you with that quality and you'd be singing a diametrically different tune. And we're talking about the same job. Funny how economic scarcity shapes the way we feel about the things we supposedly are content about. The fact of the matter is you wouldn't be so copacetic about "not being rich" and nonchalant about your lot in life if that pension weren't there, the rest of your labor construct left the same as it was. How you like them apples? 'Cause that's the job your proverbial children are being bestowed with, doing nothing differently than you did. What you call rich?..... we call what you had, rich.
In my book, you're RICH. Any job that allows me to pay the bills, pursue my personal interests (that pursuit costs $$$), save for a rainy day AND provide me with a retirement volume that won't have me falling flat on my behind the second I stop toiling, I consider that being RICH. That's a life absent self-deprivation, absent debt as a subsidy, that's a life where taxation doesn't forbid you from affording the toys and interests you went to the workplace for in the first place. That's a comfortable life. That's a rich life.
The marginal utility value of your last last dollar is always diminishing. Once you've reached a point where your cost of living, supplemental income (savings) and discretionary income (personal pursuits, the ultimate reason for working) are fully funded and without self-deprivation, any additional dollar provides you no more a tangible increase in enjoyment. As such, you're as comfortable as you're ever gonna get, the rest is gravy. So in my book, you're rich the second you attain the minimum level where that is true. And THAT happens at a WAY lower income threshold when you got a full-up pension waiting for ya at the other side. Absent it, that wage threshold shoots up exponentially off the scale. It's easy to pawn off the desire to become rich as a "lifestyle choice"when one is not making daily "chicken OR lasagna" decisions for a living. College.. or retirement, medicine... or retirement, kids cloths... or retirement, savings.....or retirement, expenditures on activities that insulate me from wanting to blow my head off....or retirement....
29 year old engineer working for a defense firm in the Valley, it certainly isn't a sexy career by any means but it does pay well. I don't think I'd trade my position for any doctor/lawyer/banker!
....when you're not unemployed/furloughed and chasing the next contract across the freggin' country, screamin' wife and kids in tow, that is ...Amortize over the span of time you're not drawing income and/or place an opportunity cost figure to the lack of homesteading and the salary begins to settle into a more mortal figure. Just playing a little devil's advocate from a fellow graduate with two place mats with engineering printed on them...
If you want to 'show off' you'll never be rich - you'll probably always be broke, no matter how much you make.
Something about truer words...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
. 
