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No you aren’t. You expect to make this salary in two years, work it for another 2-3, and be done with it.
$80k jobs are the exception, not the norm. They are typically held by highly educated, highly talented, and/or senior people. You don’t seem to be any of these. Your goal simply isn’t realistic.
I know that you're probably right about my goal being unrealistic, but I'm not sure it's for the reasons you've mentioned. If you read through this (now merged) thread, it seems to me that people have pointed out viable options -- although even with those there's probably a certain amount of luck involved in regards to the specific time frame I suggested.
I believe that I am a smart and talented person; I am willing to become highly educated (a.k.a. Master's degree, but maybe you meant PhD?)
It seems to me that what's really holding me back in terms of the specifics of the goal is the other more personal conditions that I mentioned -- e.g., feeling the need to incorporate my personal talents/motivations in my career choice.
Maybe you'd argue that my goal is still not realistic, even apart from that. If I was certain of that, then that'd likely be helpful. It might push me in a different direction, depending on the specific conditions that reality dictates.
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Originally Posted by fishbrains
I get that it is the means to an end. But your wants aren’t unique. Almost everybody wants to make a lot of money and then retire to live off their savings/investments. Almost nobody manages this in 5 years. Yes, those income options do exist, but as I mentioned they are usually for experienced people. That isn’t you, at least not yet.
You need to adjust your wants. How? Maybe see a therapist?
FWIW, I wasn't planning to just stop working after purchasing the house. I know my last passage was very long, but I did address that at the end.
I'm willing to adjust my goals as reality dictates, but as I'm sure you can tell, "groundedness" is not necessarily my forte. That's why I'm here, I guess. If you want to parse out the reality in great detail for me, then that would probably be helpful, too.
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OP could try to join the NYPD. It is tough to get in, but after 5 years you would earn that type of money. That would put him only two years behind schedule. His buy-a-house-and-fill-it-with-cash-cows plan wouldnt work though, because cost of housing in NYC is too high for that to pencil out. They have requirements to live in either NYC or neighboring NY state counties with similar COL.
FWIW, I wouldn't necessarily be opposed to relocating somewhere for work, and then purchasing somewhere else more viable for my goals, if need be.
Are you currently supporting yourself and living independently?
I am currently working 50+ hours per week, but not making anywhere near what I need to be making in regards to the goals I have discussed here. I make enough to support myself and live independently in my current Metro. I am currently living with a family member because it allows me to save more money.
I am currently working 50+ hours per week, but not making anywhere near what I need to be making in regards to the goals I have discussed here. I make enough to support myself and live independently in my current Metro. I am currently living with a family member because it allows me to save more money.
If you have a good driving record, do the following:
1. Go through a company-sponsored training program for one of the mega trucking companies.
2. Work for them for the year or year and a half that the contract requires to pay off the training. Make sure you get into no accidents and get no tickets.
3. Get a job in the oil fields driving frac sand. You can get your $80,000 and housing on top of that, but be prepared to work 12 hour shifts 6 days a week.
I know that you're probably right about my goal being unrealistic, but I'm not sure it's for the reasons you've mentioned. If you read through this (now merged) thread, it seems to me that people have pointed out viable options -- although even with those there's probably a certain amount of luck involved in regards to the specific time frame I suggested.
I haven’t read the entire thread, but the reality is that most jobs in the country pay less than $80k. Many of the rest are pretty specialized, requiring a specific education or experience. I don’t hear that from you.
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I believe that I am a smart and talented person; I am willing to become highly educated (a.k.a. Master's degree, but maybe you meant PhD?)
I don’t see you getting an additional degree, and landing an $80k job, and working it for two years, all in the short 5 year time-frame you have set out as your limit. Of course you can do all of these things, just not within 5 years.
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It seems to me that what's really holding me back in terms of the specifics of the goal is the other more personal conditions that I mentioned -- e.g., feeling the need to incorporate my personal talents/motivations in my career choice.
I pretty much ignored that.
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Maybe you'd argue that my goal is still not realistic, even apart from that. If I was certain of that, then that'd likely be helpful. It might push me in a different direction, depending on the specific conditions that reality dictates.
I am mostly condemning your requirement that all of this happen virtually immediately.
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FWIW, I wasn't planning to just stop working after purchasing the house. I know my last passage was very long, but I did address that at the end.
I'm willing to adjust my goals as reality dictates, but as I'm sure you can tell, "groundedness" is not necessarily my forte. That's why I'm here, I guess. If you want to parse out the reality in great detail for me, then that would probably be helpful, too.
It is a forum, not a counselor relationship.
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FWIW, I wouldn't necessarily be opposed to relocating somewhere for work, and then purchasing somewhere else more viable for my goals, if need be.
Fine, but that adds complexity. If you work in NY as a cop, per my example, you need to live there as well. You can purchase an investment property elsewhere, but that adds to your need for capital, increases your risk, and adds to your workload.
There aren’t many factory jobs like that any more. City jobs generally don’t pay that well either, at least not without a lot of seniority, or specialized knowledge. Try looking up the general office jobs, parking enforcement, street crew, etc jobs. A very few very competitive jobs in very large and expensive cities might work.
Completely depends on the location. I have several friends and family that work factory jobs for companies like Ingersroll Rand, Hankook, and Akibono breaks. Mostly assembly line. They've hit the $75 - $80k multiple years. This was with a lot of overtime. But, very well in reach. Depends on the company and the trade. None of them have college degrees.
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