Another who has high paid jobs thread. Careers for a young person, High salary, really needing ideas

Lspacebanana on 06/02/2014 - 23:13
Last edited 06/02/2014 - 23:29

Hey Guys,
Long time reader, never posted before.
I noticed earlier on the site there was a 41 year old person posting about a career change.
I really enjoyed reading the comments so much so that I thought I'd post my own.

I am a 20 year old living in Melbourne, working a few jobs, earning relatively average money, what I am looking for is a bit of direction in my life. But moreso I am looking for career path ideas.
I am really looking to get into a job that pays well 100k + (obviously not straight away)
I finished school and didn't do very well, due to personal reasons.
But I do think I am a motivated person with a good business mindset, I really like the idea of passive income and income via investments. But it's really hard to jump straight into without a real idea of how it works.

I am currently in the midst of starting my own business, so hopefully that will turn into something, even if small. I also dismantle imported cars and make alright money out of that.
But I would like a solid career to aim towards as I really like the idea of having a solid job that pays well and not having to worry about small business opportunities and such.

So what I am asking you guys is, what career paths would you guys recommend? I really am open to anything and open to studying to achieve that career, even if I have to take TAFE pathways to achieve it.

I like the idea of office work, outside (trades and such) Pretty much anything

I really appreciate the help/ suggestions

If anyone has tips on being a young investor, I would love to hear from them via PM.

THANKS :)

Education & Work

Comments

        • Givemethemoney on 10/02/2014 - 23:48

          Also, firms and banks routinely understaff engagements to maximise the money in their pockets at the expense of the health of their staff members. Surely in breach of OH&S laws and workplace safety.

  • mr_alligator on 07/02/2014 - 12:30
    +1

    I recently read that an average mean male income in NSW is $72800 that is $1400 weekly. Thats quiet high for an average.
    http://www.abs.gov.au/ausstats/[email protected]/Lookup/by+Subject/13…

    Is an average guy really earning that much because you tend to see so many office jobs advertised around the $50k mark?

    I am just under 25 and from expereince - jobs that pay over $70k are considered really good (not really average) and you obviously need a few years of experience in a particular field to get that.

    Probably some CEOs are earning so much that they are inflating the mean average I guess.

    What are your thoughts on the average income of a 20 - 25 year old or a 25 - 30 year old?

    • StewBalls on 07/02/2014 - 12:50
      +1

      You'd be better off looking up the median wage, the average (mean) is far too easily skewed by unrepresentative large figures to be truly indicative.

      • mr_alligator on 07/02/2014 - 13:08

        Yup thats what I thought as well. But if big players are skewing the average higher, then alternatively people who are paid less should also be pulling the average down.

        And when the sample size is so big, you would think it should even out.

        Meidan salary is about $58k btw.

        • StewBalls on 09/02/2014 - 06:57

          I recently read that an average mean male income in NSW is $72800

          Meidan salary is about $58k btw.

          And when the sample size is so big, you would think it should even out.

          That's why you can't assume. :)

    • mskeggs on 07/02/2014 - 18:08

      Remember the average includes people with 25 years experience etc. Lifetime earnings peak around 50yro.

  • cuteduck on 07/02/2014 - 13:07
    +2

    I dont think the list is accurate at all. The average public Obsterician & Gynaecologist in QLD will earn above 300k/year and private one is looking >600k/year

    • [Deactivated] on 07/02/2014 - 15:15

      I thought that when I read the list too. Highly qualified specialists make heaps - I know a couple of folks who make in the 7 figure range.

      Maybe the list considers the "starting" salary? Which for specialists could even be when they're fresh out of med school, before they've got any further qualifications. But it's still a bit misleading to put such a low figure on the list - or maybe doctors are smart and underquote what they're really earning?

  • Withdr4wn on 07/02/2014 - 13:30

    Expect that easy-to-get jobs out of Uni start between $38,000 to $55,000 for junior positions. Also expect that unless it's a 'Graduate' position with the larger consulting groups or companies that still employ their own IT staff, 'junior' is synonymous for s***-kicker work that doesn't usually involve training (you'll find you'll be paying for and organising your own out of hours training).

    From here, the more experience you get (be it certified, or by demonstration) the higher your salary goes. It's not uncommon to see people 5 years ago entering in the $38,000-$55,000 bracket earning $90,000+ - but will almost always require a job move or two and negotiate your salary.

    You want to keep your head around where technologies are going though - today's flavours among consultants are how to leverage cloud to clients and how to use mobile devices whilst the clients are remaining fairly hesitant to the idea. If / when the first few start to move and prove the technology is good, watch other clients follow.

    My gut feel is that traditional web applications in JSP / .NET / Oracle / MS-SQL skills will be in less demand today which is completely against my skill-set. Getting across things like Hadoop, No-SQL and the ways in which Amazon and Azure work for their own scripting could be useful. Certainly not suggesting you go and get certified in those areas, just be aware of all current and emerging technologies.

  • Cluster on 07/02/2014 - 14:32
    +1

    Whatever you choose, choose something that can't be outsourced easily. Many IT jobs are heading overseas as our competition charge a fraction of what we do. Expect this trend to continue and even accelerate. The one very important exception is anything to do with military IT. That will never be outsourced, especially to our near neighbours.

    Most manufacturing areas would also be risky, as is anything that can be covered by a 457 visa (outsourcing by importing workers). Good luck.

    • mini2 on 10/02/2014 - 20:43

      IT roles that require clearance should be (relatively) safe…you've gotta be a citizen in order to get a clearance.

  • thepigs on 07/02/2014 - 14:35
    +5

    You should become a celebrity, or get on TV, or be an astronaut, rock star or high-class escort.

    • Ughhh on 07/02/2014 - 19:14
      +3

      Good idea. Or launch an adult tape, that's what got Kim Kardashian famous right?

      • spacebanana on 07/02/2014 - 20:45
        +2

        If I could make money from it mate, I would do it ! hahah

  • lplau on 07/02/2014 - 15:22
    +6

    At 20 years old, you can't expect to get a $100,000 job. LOL!
    Work your butt off and climb the ladder.

    I.T. is a good area to earn some dough as companies ALWAYS wants more I.T.
    Doctors?

    However if you want to sleep your way through to a $100,000+ job you can literally do that depending on how good looking you are.

    I think there was also brothel inspectors jobs in Sydney which were paying like $70,000 a year.

    • spacebanana on 07/02/2014 - 19:14

      HAHA yeah I know,
      Not expecting to jump into a 100k job, although it would be amazing.

      Yeah I am just looking for ideas on jobs that can lead into the 100k's

      Thanks for the suggestions, I like the sound of IT

    • GameChanger on 09/02/2014 - 05:44

      If you have an engineering degree and manage to get a job at RIO the starting salary is 100,000+

      • MATTDAMON on 09/02/2014 - 14:20

        If you gain a position which is very unlikely unless you have decent experience.

        • GameChanger on 09/02/2014 - 14:36

          I don't know how their system works, but my friend barely credit average, no work experience landed it by miracle LOL. He can talk really well though!

  • tabz on 07/02/2014 - 16:15
    +16

    Be an ex high school chemistry teacher.

  • mini2 on 07/02/2014 - 16:20

    Join the APS as a grad.

    Starts off on around $60k, play your cards right and get to APS 6 within 2-3 years which is around $80k. Don't forget the 15.6% super on top of that…and if you're good still, get to EL1, starts off $99k and depending on your specialty, you could get well over $120k. Heck I know an older EL1 with all the supplements etc etc he's on $170k plus super…you heard that right, $170k plus 15.6% super as a public servant.

    • redraoh on 08/02/2014 - 16:21

      You said above you're on 5 times what IBM was paying you, which I assume was no less than $50k. So you're on $250-300k now?

      Is this in the APS or contracting on your own?

      Do you have any certs or qualifications and what'd you specialise in to get that kind of money?

      (PM if you like)

      • mini2 on 09/02/2014 - 09:45

        Everything happened by chance/luck/destiny and wasn't even something I've imagined.

  • chaosmaster on 07/02/2014 - 16:59

    I suggest you read the millionaire fastlane book.

    Ignore the scammy title, it explains why people are poor, why some people
    are average and well why some are millionaires and don't have jobs.

  • grasstown on 07/02/2014 - 18:00
    +2

    There are so many factors with picking a career:
    Eg. Lawyers work mon-fri (plus after hours depending if big firm or solo). So weekends off.
    Real est ate agents , pharmacists, etc must work Saturdays. Unless they're boss.
    Tradies and home visit accountants can deduct vehicle expenses etc.
    I read photographers deduct their home "studio" rates. I should get on the photography hobby gravy train.
    If I had my time again, I would be a tradie. Our generation has too many academics and professionals. And a tradie with 5 years is boss.

  • t_c on 07/02/2014 - 19:21
    +1

    Politicians do alright, Wyatt Roy in his early 20's would be on about 6 figures,
    plus retirement benefits are really good.

  • the hammer88 on 07/02/2014 - 20:29
    +5

    I'll quickly share my story.
    Dropped out of Mechanical Engineering at 19 due to lack of interest in no hands on work along with studies.
    Friend asked me to Avionics, went to an interview with him, got an apprenticeship at Australian Aerospace in Richmond
    Got to the 3rd year 3/4 of us got fired.
    Tried to find another job in aviation or similar for the next 2.5 years, nothing came up as no one wanted a 3/4 qualified AV tech who had been off work for more than 2 years.

    Looked outside my field and found a Telecommunications Technician 6 month traineeship to become a Sub-contractor for telstra. Which required NO experience at all or no previous hands on experience.
    Spent 6months as trainee
    Bought my Own Test Gear Equipment, Car. Became a sub-contractor working for ISGM

    Currently work 7days a week and work part time at night in Restaurants
    I'm 26 and earn Approx $150k before i deduct petrol,phone bills,insurances for work, etc.

    How do I make $150k approx ? I start work at 7am 7days a week like i have for the past year, Finish work at 5pm and Go to my Part time job, Finish it at 10pm, go home sleep, wake REPEAT.
    I tell my friends NO to Any and EVERY outing they ask me to go to cause I want to make Big $$$ for a investment house.

    The telecommunications industry is expanding at the moment for us and If you really do want a job with minimal Education, it's exactly what i've done.
    We contractors get paid per job+extras if you sell products to customers.

    I have heard there are jobs going at the moment, so look into it.

    Best of Luck "Camoqs" =]

    • spacebanana on 07/02/2014 - 20:44

      Wow, that's really interesting!
      Not really an industry I had put much thought into, but definitely sounds interesting.
      Where would I go to find information on these jobs that are going at the moment?

      Thanks man :)

    • exp1 on 09/02/2014 - 23:47
      +2

      respect, you will enjoy the fruits of your labour soon enough.

      • the hammer88 on 10/02/2014 - 11:10
        +1

        thanks east pac, i believe it is paying off because the house is looking closer and closer every month and also the GTR is looking close swell haha !

        • spacebanana on 10/02/2014 - 22:05

          If you have a job that supports a GTR, must be a great job !
          What series?

    • tenshi13 on 10/02/2014 - 09:18

      thanks for the share, out of interest how much is actually the jobs earning you separately and individually (Approx.)?

      • the hammer88 on 10/02/2014 - 11:07
        +2

        Jobs vary of course, But the basic fault (For example, someone says their phone is noisy, crackling sounds. Go to Customer house, identify fault is in house or in street. fix fault which varies from 10mins to 2hours some days) we get paid $80 Per job, whether you take 10 minutes which i've had SOME lucky days to get and then have had shit days which took over 2 hours.

        BUT you take your $80 and minus petrol(not much) etc.

        You can also sell (incredibly over priced)products for telstra and install them on the spot while you're at the customers premises, The main reason for the high price is it has included our time we spend there and we get money from telstra for promoting/making a sale.

        I'm not the fastest worker but on the average day i do from a F'n Fanatastic day of more than 8 jobs (8x$80), to having terrible days where i spend 2 hours or more per fault and only get like 3 done.
        I know some guys which push the limit and do 10 or more everyday and charge EVERY single person (who is at fault, such as people who have faulty equipment such as a phone and we come out and the problem is their phone.) incorrect call-out fees. I try to have compassion like not charging the 80+ year old another $130 for telstra(when i do i get $5 when it is their fault).

        So each month i use no excess of $300 petrol, insurances$500, take into account vechile wear and tear, accountant costs. etc.

        • tenshi13 on 12/02/2014 - 09:48

          thanks for sharing mate ; D
          interesting insight

  • warwick108 on 07/02/2014 - 21:42

    As I said at the start surveyor grads are at 85k, and are at very high demand

    • spacebanana on 07/02/2014 - 21:59

      with the risk of sounding quite stupid.
      Surveying what?
      what industry are you talking about?

      • oringal on 08/02/2014 - 00:59
        +1

        surveying engineering…. http://en.wikipedia.org/wiki/Surveying

        • Atre on 11/02/2014 - 01:17
          +1

          rubbish, surveying is not in demand, not in melbourne. Don't do any of these, GIS, surveying or draftperson, all of these are declining rapidly. I am an experienced GIS professional who hasn't been able to find work for 6 months! I am so desperate I am applying to everything, including warehouse jobs.

          If I could enter uni (well I could but I've studied 3 times so have a big debt) I would study to be a data analyst, its an area that is rapidly on the rise (though so was GIS a few years ago). Data analysis/financial analysis and statisticians.

  • sleet on 07/02/2014 - 22:35
    +6

    Money is money - if there was one advice I should have followed especially in high school it's do what you love. You will excel and enjoy your line of work so much better.

    All the comparisons with your friends and peers just makes your mind go nuts. Do what you feel makes you happy. Just because someone is earning 100k a year does not mean their quality of life is great. Maybe they're stuck with their line of work and lack a social life? Maybe

    • thetownfool on 10/02/2014 - 00:30
      +1

      Agree with this comment 100%. $100,000 a year guarantees what? Certainly not happiness. Perhaps you have to wait another decade or more before you realise it. Money buys you things, but things don't make you happy. There's always someone earning more, with a newer fancier car, or a new house in a nice suburb.

      Do something you enjoy and are enthusiastic about, you'll be more likely to succeed and more likely to thus earn 'good' money. But chasing a dollar figure for the sake of it… that's not going to lead to happiness, just more chasing. The goalposts will always move with you. Well just my opinion anyway.

  • superbass on 08/02/2014 - 00:15

    Problem with other people's success story is that it is OTHER people's, not yours.
    You need to find own story princess, and that's why people are keep mentioning find your passion.
    If you want safe method, go back to school and do well, put your personal excuses aside.

    Lastly, Dude, you sound like someone who is not motivated at all but blindly driven by greed without putting the effort.

    • mini2 on 08/02/2014 - 00:29
      +2

      +1

      Purely chasing the dollar isn't gonna be enough motivation for you to excel in anything. Heh I've been in IT for 10 years now and have seen enough Excom graduates come in and go back to where they were before they got sucked into this with the promise of easy $80k a year and drive a BMW convertible.

      What works for one person doesn't necessarily means it will work for you. IT sounds simple….not really. While I don't re-train/upskill as much as blokes in medicine or even accountancy but it's not like you get into the field and forget about keeping your skills up. Makes it harder once you're married with kids or constantly on the road.

      Some of these big dollars story involves working away from home or working silly hours, being away from your friends and/or loved ones. It's mentally draining. Are you prepared for that?

    • spacebanana on 08/02/2014 - 12:27
      +1

      Yeah mate I understand what youre saying, but all the things I am passionate about, I do NOT want to do for a career as I am afraid of loosing this passion.
      I would hardly say I am motivated by greed, I am merely looking for other peoples stories to give an insight into their career.

      I am more than happy to put effort (studying or whatever) into something I find that I will enjoy and is going to give me financial freedom. Careers that offer financial freedom is what I am looking for.

      • mini2 on 09/02/2014 - 13:35

        Too bad, motivation is only part of the equation. Ability is another and are you cut out for a particular career? Also, your personality plays a vital role here in determining what is suitable.

        Actually, what is suitable isn't necessary what you would like to do. Been told quite a few times I should've used my number crunching degree early on in my career but I absolutely hated it. I might be cut out for those roles but thank gawd I didn't listen to anyone.

        Even worse still, no careers will give you an absolute financial freedom these days. I'm only in my early 30's and already planning for the inevitable - what if someone moved my cheese i.e. my role being outsourced, 457'ed, I had enough of what I'm doing because it's freaking tiring? Speaking of which, find that Who Moved my Cheese book and have a read.

  • Ughhh on 08/02/2014 - 03:18
    +1

    Maybe try attending some of those career fairs or even Uni open days, talk with the people who are studying/working in that field currently. Maybe you'll find something that you'll love and see yourself as them. Stats and opinions on forums/internet may not always be accurate and current.

  • ethereal88 on 08/02/2014 - 07:37
    +1

    Sell dope, thousands a week:

    http://www.dailytelegraph.com.au/news/nsw/cocaine-has-become…

    As if you'd want to bother with a long ass expensive degree for a pretty piece of paper with no guarantee of a job at the end.

    • Utopian on 11/02/2014 - 13:37
      -2

      Dope = Heroin
      Coke = Cocaine

      • Utopian on 13/02/2014 - 11:04

        2 people need to try google before negging.

  • ntmango on 08/02/2014 - 09:37
    +2

    Doing what you love is the worst advice unless it pays really well from the start. Having a hobby and a hobby as a job are 2 totally different things. It only remains a hobby or an interest for so long before it just becomes just a job, which u will resent just like any other job.
    I became a mechanic coz i loved cars, i was car mad, always playing, fixing, modifying any cars i could get my hands on.
    Started my apprenticeship as a mature aged apprentice - still only paid $5.50p/hr 1st 3 mnths. $6.25 ph for remaining yr.
    $8ish ph 2nd yr
    $10ish 3rd yr
    $14ish 4th yr.
    after i qualified i quit.
    I did everything at my workshop from rebuilding motors, gearboxes, tuning race motors to oil changes and change tyres. I did it all, which is unheard of nowadays.

    Its different when u have set jobs, other employees, customets to deal with, admin work, finances and possibly a bad boss breathing down ur neck. This is where it becomes just anothet job.

    I still loved playing with cars but as a job it really made me re-evaluate what i wanted to do. Yea i enjoyed most of it but i couldnt support myself and my family comfortably and as a hobby, i couldnt seperate my work life from my home life, which strained all my relationships as i was always doing something with cars.

    I could of become a CPA just like my mate and he earned triple what i earned in his 1st yr out of uni than what i did for 4 yrs as an apprentice combined and even more yr on yr. 12hrs/day 5 days a week. Weekends off, travels for work. Being a CPA may seem boring but travelling, big home, multiple sports cars, multiple vintage cars, and time to enjoy it all with his family…. and his not even high up on the ladder.

    My advice for whatever its worth (prob bugger all) choose a profession you can make as much money in as you can while still have time to enjoy your hobbies or interest outaide of work. You'll prob end up enjoying ur hobbies more coz u have more $$ to spend on them.

    • spacebanana on 08/02/2014 - 12:21

      Thanks for the advice man!
      I am also really into cars, love jap cars, spend most of my free time working on or planning next modifications

      I really do agree with what youre saying, because I love cars, but I would never want to turn that passion/hobby into a job, which may in turn make me loose the passion I have.

      A CPA is something I have actually been looking a doing recently, as business/ accounting math has always come easy to me, so it may be something I want to further my skills in.

      Thanks for the advice mate, definitely can relate to the car side of things.

      • Logical on 09/02/2014 - 23:24

        Uni degree + CPA = about 8 years…. I would open a workshop and mod cars if that is your passion. You will be there the minimum 8 to 9 hours a day and that days will go fast and you will enjoy the work. Otherwise, sit on your bum for 9 hours each day, get fat, get bold, the days are boring and you end up thinking they last for 12 hours. Take the risk and follow your passion.

  • shaybisc on 08/02/2014 - 10:01

    According to the Daily Murdoch, an unimpeachable source, any job at Barangaroo is a winner. Cleaners can make $110,000 pa with a bit of those evil penalty rates. Although I would like to see a detailed breakdown of that figure before I embark on my new career.

    • PonyTable on 10/02/2014 - 11:52
      +2

      Not sure exact details on wages in NSW, but in QLD for Tier 1 Construction Labourers, employed under the current CFMEU + BLF EBA's (Cleaners fall under this classification in construction) they are paid as CW1 Skilled Labourers at $32.09 P/H + Travel of $41 per day + Super + Redundancy, plus Height and Site allowances depending on the job size.

      If they are casual employees, which 95% are, they get +25% on top of the above, so its $40.11 + all of the above allowances, some projects also have high site allowance (e.g: Qld Children's Hospital has a site allowance of $6.53 P/HR)

      So the average builders cleaner on that job earns $46.64 per hour (normal time)x 40 Hours ($1865.70 Per Week) + $193.00 Superannuation (weekly), + $205 Travel Allowance (Weekly), + $90 Into Redundancy Fund (weekly), + $18 Accident, Income Protection Insurance (Weekly) +++ Allowances for work with chemicals, wet work etc, plus 1.5x Pay for first 2 hours after 8 hours work, hours after that paid at 2.0x.

      So in summation, yeah - if you want a job that can get you paid $100k a year, right now…construction cleaning could be lucrative, but there are no guarantees, if the work isn't there you aren't getting paid…but if you get your tickets for abseiling, swing stage scaffold and working at heights the money goes up and so does the demand for you as an individual…I Also note the construction industry doesn't care if you didn't do well at school.

  • buckerooni on 08/02/2014 - 13:13
    +2

    IMO, the high salary is just an enabler of financial freedom. That is, you want freedom from money to do what you wanna do and you think a high paying job is the best way to get this.

    Working your tits off in 3 jobs/28 hr days/being paid for something that requires your undivided attention (i.e. most jobs) is not what I would consider financial freedom.

    I think real financial freedom comes from generating passive income streams. that is, something making you money that requires no input from you. i.e. selling a successful iphone app (once you've developed it and got it up at the istore) it just sells itself. Ads on your website/youtube channel. Selling something that can scale without additional effort (software licencing - you want another 100 licences - that's $100K thanks!).

    I'm a 9-to-5er and although doing (relatively) well, I NEED to work to maintain my lifestyle. Being innovative, picking the right niches (i.e. school friends started ISPs in the mid 1990's, sold for millions) etc is riskier but the rewards can be FAR greater.

    the easy way is just to marry into money, tried and true! typically works better for young hot girls however…

    • spacebanana on 08/02/2014 - 16:55

      Haha yeah getting married into money would be ideal!

      Yeah I have also been researching different passive income stream opportunities as well.
      It's just tricky to find the first idea, like most things I guess.

      Thanks for the advice, I really agree with what youre saying, I do want to have a good work life balance.
      My friend drives a truck and sometimes does 70-75 hour weeks, clearing over 2300 a week after tax, doesn't have much time to do much else though!

      • Logical on 09/02/2014 - 23:27

        so what, do that for 10 years and you get $1.2M. You will be in your 30's then and can make some investements etc and start to settle down.

        • spacebanana on 10/02/2014 - 22:11

          It's true, would be set up pretty well.
          But I also don't wanna look back on my 20's as working 10 hour days 7 days a week.

        • MATTDAMON on 11/02/2014 - 01:43
          +3

          10 hour days? You won't get ahead in life doing 7 hour days, you want the money you have to put the hours in to do it.

        • mini2 on 11/02/2014 - 09:01

          +1 yeah and probably 8-9 hours work days plus commute plus self study time is the norm these days. Be thankful this isn't Asia where leaving the office before 6 is the accepted by the culture…though I can see we are heading down that path as well.

        • MATTDAMON on 11/02/2014 - 17:10

          It would be the average. For me anything less then 12 hours is a waste of a day (i normally average 13-14 hours)

          Make hay whilst the sun shines, rather bust my arse out now for the next 15 years then slow down.

  • MATTDAMON on 08/02/2014 - 17:39
    +3

    Posted in the other thread but ill repost it here

    26 here, im a standard issue truck driver, specifically dangerous goods (fuel) and some general freight. Been driving professionally since 16, also have my diesel mechanic trade. Been earning over 100k since i was 18, these days i average around the 130-140k which is about normal for an east coast dangerous goods driver. Dont have to live out of a truck if i dont want to either which is nice (ie home every night in my own bed)

    Thinking about doing FIFO driving at Pt hedland, which is $71 an hour + super, a 4 on 1 off is worth around 180k a year give or take, driving quad road trains in and around the area.

    • redraoh on 08/02/2014 - 17:50

      You've probably already earned what takes most people until the age of 40 at least.

      Why are you on OzBargain? :P

      BTW have you invested at all? If you invest wisely, you could probably retire by 35 and live pretty comfortably.

      • MATTDAMON on 08/02/2014 - 19:45
        +1

        Yep, 2 houses + a duplex currently, also did pretty well off the QR rail float as well, so used some of those dividends to diversify in the stock market as well.

        Work hard for the money though, its no walk in the park, but im not that far off being self sustaining, but like working too much.

    • t_c on 09/02/2014 - 10:17

      shit $71 is not bad, who's offering that?
      I just had a quick look on career one, min 2 yrs roadtrain exp only paying upto $45

      FIFO MC Truck Driver

      Chandler Macleod Mining & Energy

      3 Days Ago

      Kimberley & Pilbara

      $30 - $45 Per Hour

      2/1 FIFO Roster Must have 2 Years Truck Driving Experience Mine Site Exposure - Iron Ore Chandler Macleod is currently seeking an experienced MC Truck Driver for a 2/1 FIFO Roster ex Perth. The position is for an immediate start and would be a great… More details

      • MATTDAMON on 09/02/2014 - 14:22

        Mcaleese was offering it the other day (and not via a employment agency either) permanent position, either 2/1, 3/1 or 4/1 i think it was a flat rate though, 12 hours per day, 6 days per week, accomodation provided, food not included but they paid a 200pw food allowance (which was also paid on your rostered week off)

  • drexxx on 08/02/2014 - 23:14
    +1

    If you want fast money and control (and thus actual control of risk) then you have to build your own business(es).

    But there's a certain criteria for which way you should go. Explained in the following book.

    This book changed my life: The Millionaire Fastlane by MJ DeMarco

    http://www.amazon.com/The-Millionaire-Fastlane-Wealth-Lifeti…

    485 Reviews with Overall rating of 4.7/5 Stars

    Cannot recommend it enough for anyone :)

    If someone does read it and it helps them, please reach out to me! I love interacting with fellow fastlaners (or soon to be ones haha).

    Cheers

  • hahaboy on 09/02/2014 - 11:13
    +2

    Do something relating to cars/automotives. You said you make money off that currently and enjoy it; built on it.

  • lambchopping on 09/02/2014 - 12:10

    I know a recent graduate optometrist who got a starting salary of 90k her first year out. Reasonable working hours (retail hours) and no work for you to take home. Study is 5 years; relatively short for something in the science field as well. But highly competitive to get into the course.

    • shaybisc on 10/02/2014 - 09:49
      +1

      Isn't optometry kind of boring? You are doing the same thing over and over and over again for 50 years.

  • thefreelunch on 09/02/2014 - 12:18

    Start with what you're interested in and passionate about. If your first criteria is what the job/sector pays you'll end up miserable.

    • mini2 on 09/02/2014 - 14:31

      I think they called renumeration "compensation" in some countries which isn't exactly too far from the truth. Shittier the job, higher the pay to compensate the person for suffering the daily grind.

      • rilebags on 10/02/2014 - 06:02

        Cleaning toilets is a shitty job with relatively low pay

  • mangoburger on 09/02/2014 - 17:11

    camoqs, does real estate sales interest you? $700 for a week long course, and then once you have the agent's rep qualification you can work in the industry. You receive a retainer when you start which pays around $650/week, and this is then deducted out of any commission you earn, however the top agents in the country earn upwards of $500k. If you like the work you can complete your agent's licence, which allows you to be a principal, so you could open your own office. I had a go at being an estate agent last year, lasted 3 months but hated working weekends, which is odd because I worked heaps of weekends in other industries and never really minded. If you work in commercial real estate you could potentially avoid the weekend work.

  • [Deactivated] on 10/02/2014 - 01:15

    interesting

  • NeoX on 10/02/2014 - 12:05

    a tip. Don't do something for the money. Do something because you enjoy doing it. Once you're good at what you do and love what you do, the rewards will come without you knowing. You could be going for the high earning job now but if you hate the job what's the use?

    All jobs can make good money if you're good at your job.

  • JimmyF on 10/02/2014 - 12:24
    +1

    Another typical gen y….. Wants all the big bucks, doesn't want to do a thing for it.

    I'll let you in on an amazing secret….. big money only comes when you have earned it! To get the top paying job, you need experience and knowledge in a topic. You can't just roll out of bed at 20 one day and say, hey I'm going to get a $100+ job with no experience, I don't want to do anything hard either!

    If you want to earn big dollars, pick a line of work you LIKE to do, and work your way up! If you hate your job, regardless of the pay, the days are very long and boring and life is too short for long and boring days!

    • [Deactivated] on 10/02/2014 - 13:06

      Big dollars means you can leave a job you hate sooner. And life to too short to be working ANY job - loved or hated. ;-)

      • JimmyF on 10/02/2014 - 14:29

        But if you get big dollars in a job you LOVE, you don't need to leave sooner and you can rake in a lot of dollars doing it in the long term!

        Most people on 'big money' adjust spending, so don't end up saving or being debt free compared to people who are on normal money. It really comes down to how well you handle your income.

  • [Deactivated] on 10/02/2014 - 13:00

    I'm surprised how many say to do what you love. Nice if you can get it - most can't. But it assumes you're going to spend most of your life doing it. And it only takes one idiot workmate you can't stand to change that.

    Why not do what gives you the most money instead, after figuring in the different tax bands. (I don't know what the figures are currently. But I'd rather earn $90,000 and have tax stolen at 30%, than lose 48% of $100,000.)

    Then SAVE like a scrooge, INVEST, and retire 20 years or more earlier than everyone else. THEN enjoy life with your kids as you teach them the same things.

    Oh, and put as little into super as possible. What a con that is! Didn't people learn anything from the super crash a few years ago!? Yes, I hear the Paul Clitheroes out there… "But you get a lower tax rate now, to add to your pension when you retire, to make you more comfortable." Pfft… What a defeatist attitude! The super system crashed once, so it will again. Only next time maybe it won't recover. We keep hearing there's too many people, living too long, being paid out of the new influx of super payees. That's why they keep raising the retirement age - delaying the implosion. Everyone knows it's not sustainable, but they still recommend following the same worn path.

    Baa…!

    Do that and you're defeated before you begin. i.e. You're born, educated, work (that makes someone else rich), buy toys on credit to compete against your mates (and enemies), only to find all those people don't care and then disappear. Then you retire and don't have enough to live on because the government did what they do best - crashed and ruined the system. (Another lesson no-one seems to learn.)

    Now half or more of your retirement fund is gone. You starve, freeze, and scrimp on a pension because you didn't scrimp to invest when you were younger. Sure, you have some great memories… Small comfort when you have to sell your home, hand the money over to a retirement home, have your backside wiped by a stranger, told what you can eat, and live the nightmare of watching your kids follow the same path you did, with nothing to bequeath to them.

    Millionaires don't need super or pensions. They retire early, travel the world, eat what they like, have the satisfaction of supporting good causes, and enjoy time with their kids (the people that it really matters if you impress them or not).

    They don't have to play bingo so they can taste steak for the first time that month - and get to choose who wipes their backside.

    Yeah, I know… too much time on my hands atm.

    • neil on 10/02/2014 - 13:35

      Why not do what gives you the most money instead, after figuring in the different tax bands. (I don't know what the figures are currently. But I'd rather earn $90,000 and have tax stolen at 30%, than lose 48% of $100,000.)

      Actually the tax office, makes the tax bands so that generally doesn't happen unless you are making $0 - $37,000. (Not taking into account medicare, HECS, etc.)

      For a $100,000 salary = $24,950 = $75,050
      90,000 = $21,250.00 = $68,750
      80,000 = $17,550.00 = $62,450 Previous tax band

      The big earners tend to find ways for tax avoidance. From this post, Australia has more tax expenditures – concessions or reductions for particular types of activity – than many comparable countries.

    • JimmyF on 10/02/2014 - 14:33
      +3

      "Why not do what gives you the most money instead, after figuring in the different tax bands. (I don't know what the figures are currently. But I'd rather earn $90,000 and have tax stolen at 30%, than lose 48% of $100,000.)"

      I stopped reading after this… clearly you have no idea how the tax system works and any advice you have would be equally wrong.

      Hint : You're very very wrong, you don't lose 48% on $100k vs 30% on $90k.

      • mini2 on 10/02/2014 - 16:06
        +3

        It shits me to pieces with a lot of people thinking your ENTIRE income is taxed at 48.5%/30% etc etc or you get taxed 48.5% for your second, third, fourth etc etc job. Nonsense.

        I mean if you have an interest in grabbing as much coins as you can then obviously it is also in your vested interest to learn the intricacies of the tax system to minimise the coins leakage…at least with the ones that's relevant to your interest.

        • tohara on 10/02/2014 - 18:12
          +1

          I'm a Tax Accountant and i still don't understand the whole system, but one things for sure every single person i deal with has noooooooooo idea how it works. I think Tax should be taught in High School.

        • JimmyF on 10/02/2014 - 18:18
          +4

          @tohara Remind me who you work for again, so I don't use them in the future!

          Its the one thing you hope your accountant knows and that is the tax system :)

        • tohara on 10/02/2014 - 18:21

          Im only a junior, don't worry i've got 5 CA/CTA's reviewing everything i do

        • mini2 on 10/02/2014 - 20:04

          I didn't quite say I know anything and everything there is to about tax - I don't need to or want to, that's not my job. Only what's relevant to my circumstances are what I'm interested in.

      • [Deactivated] on 12/02/2014 - 11:58

        It was an example - and it's been years since I looked at the rates. That's why I said I don't know what the rates are now.

    • mskeggs on 10/02/2014 - 16:18
      +1

      There is no "super crash" that doesn't affect other investments. Super is just a tax effective way of holding investments till retirement. The money in super is invested in shares and businesses and office buildings and any other investment you want.
      Vanishingly few of the 'millionaires' you are talking about would ignore super, in fact they have recently changed the laws because the millionaires were putting too much money into it.
      Your understanding of tax matters is similarly wrong, as others have noted.
      Please try and get some more financial literacy to help out your kids.

  • Mad-Season on 10/02/2014 - 14:59
    +1

    Deuce Bigalow: Male Gigolo

  • Blugok on 10/02/2014 - 22:52
    +7

    What i learnt from TV and news these past few days:
    Be a drug sumggler and fly with 4kg to Bali
    Get caught at custom
    Serve 9 years at Kerobokan prison
    Get out of jail and earn $3million
    Then you can enjoy $1000 per night at private villa

    http://mobile.news.com.au/national/could-schapelle-corby-mak…

    • shaybisc on 11/02/2014 - 09:25

      Wow- easy money. Only 9 years you say- sign me up.

  • coolsteps on 11/02/2014 - 00:24

    camoqs i sent you a lead . i wont post it here otherwise there will be too much competition then i ll get paid less rates and be out of a job one day

    just do the traineeship then after 6 months u setup your own company or if 6 months is too long for you just sit for the Open license yourself but that may be a difficult path.

    its hard study and work but worth it in the long run. i dont know of any other trade or job for 6 months worth of studying/ training that leads to a pathway to get a 100k job. i just wish i had done it sooner.
    so
    good luck

    • the hammer88 on 11/02/2014 - 07:52

      You are working for ISGM like I am and did the same 6 month traineeship same as me ;)

    • spacebanana on 11/02/2014 - 21:36

      Thanks heaps mate! I'll check it out in a sec!

  • SydStrand on 11/02/2014 - 01:15

    Get back into school. If you're 20 and didn't do too well, go to a community college/TAFE, then claw your way into a uni degree, and so on. You're still young, so don't be put off by a long education. A $100k job isn't going to just drop into your lap barring luck and/or nepotism. Some unskilled jobs like garbo/cabbie can pay well, but can be back-breaking, thankless work that you probably won't want to be doing when you're 60.

    You also need to realise that job security is more important than a high-income salary. Look into industries with some longevity and potential for upwards mobility. I wish I could give more concrete advice but unfortunately, unless you got a good HSC/ATAR, it bars out most of the easier routes toward education and skilled work. What was your percentile roughly? There might be university courses that might take you and once you have a piece of paper, it's a foot in the door into possibly a better postgraduate degree.

    • rilebags on 11/02/2014 - 04:41

      I got an awful HSC and got my foot in the door with open universities (practically no requirements). I unfortunately went on to become a Master of Arts (Master of bong hits). I would strongly advise against anyone studying arts because I'm practically where I started. It can be a transition into a more serious course for those with little options however.

    • mini2 on 11/02/2014 - 09:34

      There's always the mature age entrance or RPL route.

    • spacebanana on 11/02/2014 - 21:35

      Thanks for the reply mate.
      Like the post above me, my options are pretty open when it comes to the open universities side of things.
      I got roughly a 60 ATAR, really not impressive, but definitely not too bad to stop me from going to higher ed completely.

      I have started to think about a career in IT, it comes relatively easy to me and it's something I enjoy.
      It's just hard to decide on one thing I am going to do for the rest of my life, you know?

      I have been to uni before to do marketing, and I loved uni life, but hated the course/ the ridiculously unorganized RMIT.

      Thanks for the advice though mate :)

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