Any Scalable Business Ideas with less or minimal education?

LSYDworker on 04/02/2022 - 21:49
Last edited 04/02/2022 - 22:00

Looking for a scalable business that can lead me to be financially well off

Not a troll post, long time watcher just made an account now as I'm 27 and I'm sick of working under someone for 78k plus super in a steady job what has no chance of moving up the ladder unfortunately, basically a dead end job. I want to buy investments, travel the world and be financially set for life (I know it is a lot to ask for, but I want to hear from you guys the wise old Ozbargainers hehe

  • Thinking of going into study postgrad in Conveyancing at MacQ uni (2 year course)
  • GongCha business
  • Study 3 week real-estate course, work under someone for a year as a sales associate and sell houses, gradually over the years study and apply to open own independent real-estate business or buy in a franchise
  • Any other ideas that will be good to look into?
Thank you all for your input, hopefully it will be some insight on what I can focus on. I'm looking for something that would earn decent coin.
Financial

Comments

    • [Deactivated] on 07/02/2022 - 13:30
      +8

      I think you'll find that 99.9999% of bloggers make exactly $0.

      • dylanando on 07/02/2022 - 15:25

        Based on?

        • [Deactivated] on 07/02/2022 - 15:54
          +3

          Well, you've given the example of caradvice, which is great. But that's like saying "start a tech company" and giving Google as an example. Sure, there are examples (outliers) of insane success, but the majority are not going to reach that.

          I don't doubt that people make money doing blogging, but it's not a sure thing. The majority will not make any money or very little.

          • dylanando on 07/02/2022 - 19:32
            -4

            @[Deactivated]: Also gave a MineCraft example above as well. People really underestimate blogs.

            Your really just giving your assumption on the matter. I make a living off it.

            • [Deactivated] on 07/02/2022 - 22:27
              +2

              @dylanando: I'm not saying it can't be done, but it's not the norm. Just like it's not the norm for painters to be pulling in 500k a year. You are the outlier.

              Your really just giving your assumption on the matter. I make a living off it.

              GOod for you. OP doesn't have any skills he can "blog" about to make a living off. In fact he wants to offer nothing in return for something of value.

            • El cheepo on 08/02/2022 - 01:11
              +5

              @dylanando: “You can make money on blogs easy”

              “I make heaps doing it”

              Source: “trust me bro.”

              • dylanando on 08/02/2022 - 07:50
                -1

                @El cheepo: At least mine comes from personal experience oppose to assumptions.

                • El cheepo on 08/02/2022 - 09:20

                  @dylanando: Please don’t take that as a personal attack, it wasn’t intended as such.

                  But surely you can understand that even if what your saying is true in your case, doesn’t mean it will be for everyone else.

                  • gromit on 08/02/2022 - 11:53
                    +1

                    @El cheepo: from our investigation (My wife looking to do this, I always research before investing money in anything, even when it is as little as web hosting for a blog) the stats show most blogs lose money (i.e. they make less than the cost of their hosting). Sounds like dylanando has found the right formulae for profit, though this definitely isn't the norm, but certainly seems possible.

                    • El cheepo on 08/02/2022 - 12:25
                      +3

                      @gromit: That’s precisely the point.

                      What dylando is saying is a bit like winning lotto and saying everyone should play the lotto, it’s very profitable.
                      It’s only good if you win/are successful.
                      Most people are not.

                      While the odds of having a profitable blog are a lot higher then winning the lottery, it’s still unlikely to make you the big dollery doos like the OP is after.

  • bobbified on 05/02/2022 - 15:36
    +4

    I want to buy investments, travel the world and be financially set for life

    That seems to be what everyone else wants too. But we can't ALLLLL have that, otherwise who's going to work? 😆

    • rektrading on 05/02/2022 - 17:11

      🧑‍🏭 🧑‍💼 👮 🚑 🧑‍🔧👷 🧑‍⚖️

    • drfuzzy on 10/02/2022 - 01:49

      Why is he thinking about a Gong Cha franchise? Is he seriously going to invest $400k+ in a bricks and mortar franchise and then jump on a plane and travel as far away from the business as possible? How do you think that will go?

  • screensaver on 05/02/2022 - 17:22
    +2

    First of all, dont give up your day job. Success is not how much you earn, but how much you can save. I saved for over 20 years and went without many things. I ended up with a lump sum, just under 80000. I put it in a property fund a year ago, and it has made 14000 profit, so I now have 94000. With savings you can do things to make more money, but over the years I lost money on various businesses. Now, instead of buying a courier business, I will try uber eats or similar.

    • rektrading on 05/02/2022 - 17:45

      Pamp it.

    • macrocephalic on 07/02/2022 - 17:23
      +7

      Are you suggesting it's a good thing that you worked 20 years to save the equivalent of one years mean wage? At that rate you could afford a median Sydney home in just a short 400 years.

      • Mr Haj on 07/02/2022 - 20:52
        +2

        it's too bad that the house prices in Sydney will be around $300,000,000,000,000 (assuming median price of $1 million today with 5% year on year growth).

      • screensaver on 08/02/2022 - 09:38

        well yes, it paid off, made 14000 in one year off the investment, without having to lift a finger. And I do not wish to buy a Sydney property. Only would consider a retirement property now,

        • rektrading on 08/02/2022 - 09:42

          A +17.5% 1Y return is good.

          What is the 3Y and 5Y returns?

          • screensaver on 08/02/2022 - 09:58
            +1

            @rektrading: Dont know, but probably wont be able to buy a retirement property with this alone. Have just phoned the fund with a couple of questions about things, they will get back to me..

        • RADICALIST on 09/02/2022 - 10:49

          Wow 20 years to save 80k, those are rookie numbers. I was able to save 80k in 3 years on a 70k salary

    • Mr Haj on 07/02/2022 - 20:49

      So your advice is not to start a small business?

      • rektrading on 07/02/2022 - 20:52
        +1

        Tldr

        Work 20Y in a job that they don't like and boss they hate.

        • JelIyfish on 08/02/2022 - 11:18

          and save 4k/year :/

  • KSMLJ on 05/02/2022 - 18:15
    +7

    I'm surprised no one has mentioned Onlyfans yet.

    • bobbified on 06/02/2022 - 09:12
      +4

      In pretty sure OnlyFans works much better if you don't have dangleberries.😅

      • KSMLJ on 06/02/2022 - 14:20
        +2

        Are you making the assumption that OP has dangleberries?

        I'll just say this, everyone has a kink, and some are just more lucrative than others :)

        • bobbified on 06/02/2022 - 14:25
          +4

          I took a guess.. there's a 50/50 chance! But guess it doesn't really matter because this thread is looking like one of these! lol

          If I had to take another guess, it sounds like OP had an issue with money one night, came here to create an account and this thread out of frustration with lots of adrenaline and drive… and then after waking up the next morning all calmed down, has lost all his drive to do something because everything is "too hard". So he'll just go about doing his $78k+Super job again. lol

          • skywards on 06/02/2022 - 20:36
            +1

            @bobbified: Sexual frustration more like it 🤷🏻

          • KSMLJ on 06/02/2022 - 23:46
            +1

            @bobbified: True dat..

            And also, I don't get people who come here asking for quick-fixes and short-cuts to riches, fame and fortune.

            If it was that easy, everyone else would already be doing it.

    • SBOB on 06/02/2022 - 09:50

      Not scalable ;)

      • KSMLJ on 06/02/2022 - 14:22

        The platform does have global reach.

      • bobbified on 06/02/2022 - 14:30
        +2

        Why not? Show one nut to start off with and then only show the other nut later. 🤣

  • [Deactivated] on 05/02/2022 - 22:40
    +2

    maybe check seek and find a better paying job bro

  • miwahni on 06/02/2022 - 01:19
    +2

    Some good advice above. Adding my 2c worth - saw tax returns for a painter and decorator recently, he made NPBT consistently $400k+ over the last three years. 2021 was $500k+. That's just insane money IMO. And he's not the only painter I've see that earns big money. Caveat - I have no idea how much training/ study is involved. I would imagine an apprenticeship.

    • bobbified on 06/02/2022 - 14:41

      ..he made NPBT consistently $400k+ over the last three years.

      That'll probably only be a portion of his total income as well (ie, there'd be a huge portion that's cash that he's 'forgotten' to include in his return…. ). I'm assuming he's probably running a company with a few people working for him?

    • tessel on 06/02/2022 - 17:29

      Yup, someone mentioned above also. Trade that you then run your own business. Yes, it's long hard hours especially at the start and comes with risk but if you get established it can be a money printer. How else are they driving around imported F150s with all the dirt bikes and jetskis in the back ;-)

      • Greihawk on 06/02/2022 - 17:43
        +2

        Brother is a painter, the one's you see driving around in the F150's full of dirt bikes and jetskis are all hocked up to the hilt, a couple of bad months and they all end up having them taken or they sell them off.

        • rektrading on 06/02/2022 - 19:06
          +2

          Good with 🔨 but 💩 with 📈?

      • [Deactivated] on 07/02/2022 - 13:33
        +3

        How else are they driving around imported F150s with all the dirt bikes and jetskis in the back ;-)

        Business vehicle. Loans.

        People don't live the lives you see, that's the point. So many 100k+ cars that are on finance and a few bad things away from being repossesed.

    • p1 ama on 06/02/2022 - 22:23

      Issue with these sorts of examples is that they are not representative of an entire profession. Yes, there are painters who make insane money, there are people who make insane money in every profession whether that be because they are highly skilled / talented in what they do, they are lucky, or whatever. The more important question is whether that success is replicable and what the averages are.

      E.g. I know a friend from uni who is an engineer and is now an executive (perhaps three tiers down from CEO) at a major international construction company, and is paid well into the $2-3m range. Does that mean I should also expect that if I were to become an engineer? Somehow most would answer "no" to this, but expect that becoming a tradie will get you to the top of that income bracket easily.

  • SoapyWooder on 06/02/2022 - 17:23
    +5

    It's not about what business, it's about the execution

  • tessel on 06/02/2022 - 17:59
    +1

    If looking for little to no education then you are limiting yourself but look at what job you currently do and or hobbies. You need to think of ways to earn income from that. Example and don't shoot me but you'll see what I mean. I recently saw a YT channel created by an architect. His channel was about designs/buildings etc. He lived in a non English speaking country where pay was low and always would be. He took what he knew about from his job and built a YT channel around it. You could do the same about hobby. It doesn't have to be just YT. You can setup your own website, run local or online ads and get traffic/leads that way. Things like coaching and other digital products. Another example, someone who works as a photographer could do side work obviously but also teach/train people how to take good photos.

    I'd be careful about thinking further study will solve your problems. It may but do a lot of research first. Getting a degree doesn't mean you'll get a job. You may need years of experience to land an entry job and if you factor in the cost of the degree with possibly a low entry pay, how long for it to pay off. You are still young, so I'm not saying don't do it but look at what you plan to study and the job market/demand going forward.

    Regardless, and just my opinion, but you need to work for yourself. Even high paying jobs can be shit because you are always someone else's bitch. As you can see above I am very much a fan of online business. This doesn't mean don't do local but if it can be done online and if it's something you can sell, a digital product, then your earning potential can be massive compared to being local and selling your service as you are limited to how many hours you can work a day.

    Finally, working for yourself, regardless of what you do comes with risk and it's a lot of work, which I guess is why it helps if you enjoy or are interested in it. Finally, things change. Whatever venture you end up in may not last. You can earn good money for a few years then it's gone. Working for the "man" can offer more security.

    P.S: anything you pick will be hard. But what do they say, the right choice isn't always the easiest.

    • Poor Ass on 06/02/2022 - 20:35
      +1

      TLDR

      • humdingaling on 06/02/2022 - 22:54
        +3

        do your hobby for work and hope for the best

        • Poor Ass on 06/02/2022 - 23:30

          thanks no face

      • [Deactivated] on 07/02/2022 - 15:55
        +1

        If you really need a TLDR for a few paragraphs then you'll never be successful.

        "I have to actually do work to make money? NEXT!"

        • Poor Ass on 07/02/2022 - 17:19
          +1

          thanks dad

          • [Deactivated] on 09/02/2022 - 08:21

            @Poor Ass: No worries Son.

        • tessel on 08/02/2022 - 17:21

          Exactly.

  • ihbh on 06/02/2022 - 19:25

    Scalable Business Ideas with less or minimal education

    Maybe work for the Brickman as his understudy and then start your own business and scale it up: https://www.thebrickman.com/

    For example, there's a big minifig in DJS Chatswood NSW and if you look at the back of it's head you'll see a plaque with the details of the builder.

  • [Deactivated] on 06/02/2022 - 19:30
    +17

    I'm 27 and I'm sick of working under someone for 78k plus super in a steady job what has no chance of moving up the ladder unfortunately, basically a dead end job. I want to buy investments, travel the world and be financially set for life

    Here's the thing, when you do travel the world (unless you just go to tourist attractions), you'll realise how lucky you are to be in the position you're in. A majority of the population would be lucky to eat let alone think about being set for life or even leaving their country.

    One of my rich friends from a country near Russia says despite a majority of the population having degrees, you'll be lucky to make 300aud a month working under someone doing 12 hour days. You HAVE to get into business but instead of 9-5, 5 days a week you're working 24/7. He's studying here to just be a regular accountant so he can just work for someone and still make an extremely liveable income.

    Everytime I have a friend from another country come to visit, they always say how lucky we are. Obviously any better than any third world country, America, UK and even most of Europe. People risk their lives and travel by boat to make half minimum wage picking fruit and you have people complaining that what, you're working too much and you'd rather not work at all? 78k is just terrible? Ask yourself, what makes you more entitled than anyone else to not work? Is your life really that bad? Australians are some of the most entitled people I've met.

    • baldur on 06/02/2022 - 19:35
      +6

      Australians are entitled, that's right I agree but I don't see any wrongs in taking more risks and wanting to earn more money. It's about human nature.

      • [Deactivated] on 06/02/2022 - 21:17
        +1

        I don't believe in 'human nature' I believe in nature, namely greed, envy, and sexual desires, which are exhibited by all animals. To be human is to not let it control us and to be able to act objectively rather than emotionally based. When people act in disgusting and horrid ways and blame it on human nature, no, they're not being human at all but letting their primal instincts control them rather than the cognition only humans have. That is the single only thing that distinguishes us from the animal kingdom, awareness and conscience that actually allows us to act for the greater good of the species. However, in saying that, I don't have an issue with wanting more money but more the way they phrased it. There is the part where, like a lot of Australians I've met, feel as if they're living the worst possible life as well as those who feel they should have so much more, such as being set for life while travelling the world. Meaning he wants money for the rest of his life but doesn't want to work for it in the long term either. Frankly, as a population instead of splurging our cash on holidays, yatchs, designer clothes, etc. I wish we did better things with it.

    • Mr Haj on 07/02/2022 - 21:26
      +5

      I get so sick of comments like these… We have these stupid campaigns for mental health which in my opinion don't really achieve anything… But when someone opens up anonymously on a forum, they are told that they are LUCKY and ENTITLED. Like we should be ashamed for even mentioning that we're unhappy. Yes Australia has some of the best living conditions in the world, but it also ranks fourth highest in depression. Not everyone loves their job and they should not be ostracized for it.

      • [Deactivated] on 08/02/2022 - 08:28

        Yeah I know what you're saying, coming from an Asian background where mental health wasn't acknowledged for a long time I've also felt your frustration growing up. At the same time, as I've talked to these people in these countries they all same the same thing…mental health isn't really an issue because people are too busy trying to survive to think about things like that. A lot of these countries just focus on working and living.

        The second part is why are they unhappy? Maybe it's because they don't want to work, they want to be rich and want what they see on Instagram. Yet not only do we have one of, if not arguable the best, living conditions in the world but throughout all of human civilisation, were unhappy. Go to a counsellor or take a happiness course and the one thing they'll always practice is thankfulness, being grateful for what you have goes a very long way. Actually believing you're lucky and entitled can actually help you.

    • bakemon0 on 09/02/2022 - 09:22
      +1

      we're in a position to take advantage of opportunities that this county offers but according to you we shouldn't because someone else is struggling somewhere else? call me whatever you want but I really don't see how that's my problem.

    • virhlpool on 14/02/2022 - 02:03

      Everytime I have a friend from another country come to visit, they always say how lucky we are. Obviously any better than any third world country, America, UK and even most of Europe.

      I think that you're only focusing on 'income' and not the 'expense' side which is equally important. I dare say cost of living here is extremely high (more so with the current housing prices) and it mostly nullifies the 'entitlement' that you're referring to. You only need to travel to different parts of the world to realise this.

      • [Deactivated] on 14/02/2022 - 07:23

        House prices aside, again, I don't think it's that bad considering our minimum wage. Other countries only seem cheap to us because we have a more valuable country. From the ones I've been to, which America isn't one of them, for our salaries we have quite a bit of purchasing power. We're also much better than NZ from what I hear.

        Malaysia: minimum wage is 5rm (I think average is somewhere between 10-20) while even a bubble tea sets you back around 10-18rm. Looking at house prices there, i think housing affordability is better here given their salaries…

        Hungry and homelessness is no where near a thing here as it is with other countries as long as you're willing to work. People forget how uncommon this is not only now, but throughout history. We're living in one of the most prosperous times in human history and Australia has definitely gotten the long end of the stick. Obviously things are changing fast, probably due to the government, but up until quite recently I think it's been great.

        • virhlpool on 14/02/2022 - 10:34

          House prices aside, again, I don't think it's that bad considering our minimum wage.

          You can't take house prices aside as that's the biggest pain of the current times to be honest. The moment you add house prices of major cities in, our purchasing power goes for a toss and very badly so. We probably get to the worst ranking among OECD countries, which are more comparable to us. Take $800k (which is a pretty high sum considering our avg wages and no growth for years) in the pocket and look for a place to live anywhere in 1hr commutable distance from the CBD in Sydney and Melbourne and see what you can get. The moment you put preferences in (near locality, amenities, schools, shopping centres, etc) you pretty much can't find any option at all. What can be worse? One may argue that people are free to live in smaller cities or smaller capitals like Adelaide, Darwin and Hobart but where are the jobs? We have failed to create enough jobs in cities where housing can be relatively more 'affordable'.

          How many of people with so called 'comfortable earning' can afford expensive lifestyle, holidays, and luxury goods/ gadgets (all of this is overpriced too) when they cannot even afford a shelter on their head in the first place? Look at the income to house price ratio and compare it among the OECD countries which will tell the story. My comments are specific to the situation in the last 5-6 years.

          From the ones I've been to, which America isn't one of them,

          One doesn't need to go there to understand their dynamics. Just look at the prices of houses, cars, goods (Amazon.com is handy), food, holidays (hotel stay, airfare, cruises, tourist attractions), car rentals and then see the salaries and # of high paying jobs in the market. This is pretty much true for all countries but it's easier to find these details where the economy is almost fully 'digital'.

          • [Deactivated] on 14/02/2022 - 20:01

            @virhlpool:

            You can't take house prices aside as that's the biggest pain of the current times to be honest.

            Sorry, I meant just to compare living costs not including housing where I get a lot of friends who come to visit say it's pretty cheap with the salaries (median of like $1500 a week).

            Take $800k (which is a pretty high sum considering our avg wages and no growth for years) in the pocket and look for a place to live anywhere in 1hr commutable distance from the CBD in Sydney and Melbourne and see what you can get.

            You're right. Our housing prices are insane but people are buying them and they can afford them. I can pay off 400k quite comfortable (with current rates) on a very average salary so for two people, on more with a decent deposit 800k might still be ok as much as I hate to admit it. 1 hour from CBD on 800k you can get a pretty nice house with land in Springvale south, something you don't get in other cities like European or Asian countries where it's mainly townhouses/units/apartments for (maybe) similar prices relative to salary.

            Look at the income to house price ratio and compare it among the OECD countries which will tell the story

            Yeah from this website it seems we are high up there but nothing abnormal. Like I said, I was looking at house prices in countries in Asia and was actually astonished that a decent apartment sets you back around 300k which, while 'cheaper' than here, I wonder how they can afford it on such low salaries.

            One doesn't need to go there to understand their dynamics. Just look at the prices of houses, cars, goods (Amazon.com is handy), food, holidays (hotel stay, airfare, cruises, tourist attractions), car rentals and then see the salaries and # of high paying jobs in the market.

            Yes, America is definitely cheaper in general compared to Australia, they also have much higher levels of inequality and some states minimum wages are extremely low. I agree though that if you're a skilled worker, you're much, much better off in America where you can earn 2-5x the salary here for the same job. I've heard salaries in Europe are pretty bad though. Quality of life being 5th in the world as of mid 2021 apparently.

            At the end of the day, we've never experience real economic collapse for a very long time. During a pandemic we all came out mostly okay and everyone was given money to survive whereas most of the world were just left to starve. At the end of the day, unless you want to be real picky, I still think we're one of the better countries out there to live in. The amount of people I know who just dropped out of school, worked retail or whatever and still own a house, can afford a decent lifestyle and work only 38 hour weeks is insane, not a lot of countries can you manage this. As I said, things are changing and it's almost impossible to do it now but in the grand scheme of things, I still consider myself lucky. There's nothing I really look at here, compared to the world, that I say 'damn that's really expensive'.

  • p1 ama on 06/02/2022 - 20:44
    +10

    I want to buy investments, travel the world and be financially set for life

    I don't understand how being a conveyancer, managing a GongCha, or being a real estate agent is going to help you achieve your goal of travelling the wroth and being "financially set for life".

    I have a feeling that you don't know what you're getting yourself into. Take it from someone who's been in small business, launching and operating a small business is hard. If you go into small business with the idea that you can be lazy, do nothing and make lots of money, you're not going to succeed. Think owning a small business means freedom? Think again, it means you now have responsibilities at every waking hour. Think owning a small business means less stress? Think again, you now have a whole load of other stressors than whatever you would have had at your old job.

    Something I've found (knowing plenty of people who've been around the block), but if you want to be lazy and do as little as possible, the best thing you can do is get a 9 - 5 job. Find a job where you don't have much to do beyond pushing papers, minor responsibilities, largely managing and organising other people and you broadly have an easy life that's not full of stress.

  • th1991 on 06/02/2022 - 21:06

    how serious are you about this dude?

    • bobbified on 06/02/2022 - 21:12

      Last edited 04/02/2022 - 22:00

      He's learnt how to become invisible.

      • th1991 on 07/02/2022 - 07:19

        lol

  • TEER3X on 06/02/2022 - 21:27
    +8

    I'm pretty sure you can do plenty of travel on 78k/year plus super.

    Working for someone else is piss easy.

    You should be able to use your weekends to figure out what you can make good money on, start a side gig you enjoy and turn it into a full time job. If people on here knew what the golden ticket was, they would be doing it themselves and rarely be educating potential competition

  • nephilim on 06/02/2022 - 22:58

    Look at any job in which you can replace the boss after a few years

  • capslock janitor on 06/02/2022 - 23:36

    im in eghh similar position

    but my idea was becoming a lucrative sparky, gain the experience then open up shop

    • Mr Haj on 07/02/2022 - 21:28

      How's that going? I've been tempted by this idea…

      • capslock janitor on 10/02/2022 - 10:04

        WIP; still gettin me life in order
        also meant to volunteer at the fireys and perhaps transfer my skills there
        or becomes a linesperson

        whatchu thonking?

  • OneJay on 07/02/2022 - 01:25
    +3

    Before I found my current gig I was considering being a renovator, using my hobby skills for carpentry somewhat. I wouldn’t do all the work myself of course, I’d contract tasks out to a sparky, a plumber, a tiler, etc as needed. The cost would be built into the quoted price to the client.

    The idea came to me from a mate when his investment house was turned into a weed den and had to be redone (removing lighting, frames for the lighting, general clean up etc). He was quoted and charged $25000 for everything and it took a week. From what I could see it wouldn’t have cost more than $10-15k, contracting out the electrical task to the sparky for $5k? I would’ve done the chippy work and a lick of paint (and sold the lighting setup to recoup some cost too). Easy money for that renovator.

    https://ibb.co/sQCcDmj
    https://ibb.co/822jj3c
    https://ibb.co/FKZ6mgS

  • freefall101 on 07/02/2022 - 02:24

    What does your boss do, what skills do you need to do that and where else will hire you to do your bosses job once you have those skills?

    Then keep moving up from there.

  • pulpfiction on 07/02/2022 - 08:34
    +1

    Keep your job, find a problem to solve, sell the solution to anyone you know / can find. If it’s a good idea it’ll take off and you can transition away from employment. Expect to earn little to no income from any businsss for the first year in particular. IMHO 7 years seems to be a common magic number for bootstrapped businesses to become highly profitable (zero science or data backing this up, just a personal observation).

    If education, find an industry in high demmand. I bias towards tech as that’s my background, but there’s loads of options.

    None of these ideas are fast.

  • ddhar on 07/02/2022 - 11:00
    +3

    I wish I was earning $78K/annum at 27….. OP is living a decent life.

    • yellowfever on 08/02/2022 - 00:50
      +1

      Don't need to wish. Take action and you can achieve it

      • ddhar on 08/02/2022 - 07:45

        Can't turn back time.

        • rektrading on 08/02/2022 - 08:00

          This sounds like a tap out.

          What is stopping someone from trying to get what they want? Lack of conviction.

          • RedditUser1 on 08/02/2022 - 12:38

            @rektrading: Hell, if I plan on doing it with my setbacks, than anyone can do it. That said I'm not aiming for 78k, since I'm a bit more vain than that.

  • Hangryuman on 07/02/2022 - 12:09
    +3

    'I'm sick of working under someone for 78k plus super in a steady job what has no chance of moving up the ladder unfortunately, basically a dead end job. I want to buy investments, travel the world and be financially set for life'

    nothing to stop you buying investments now - did you see about the guy that grew up poor in Mt. Druitt with single mum on a pension, worked multiple jobs, and now owns 43 properties ?

    https://9now.nine.com.au/a-current-affair/australian-propert…

    first rule of wealth is spend less than you earn -

    to paraphrase Charles Dickens' Micawber -
    "Annual income $78K, annual expenditure $77K, result happiness.
    Annual income $78K, annual expenditure $79K, result misery."

    second - that dead-end job with a steady income - many would only dream of - especially the unemployed or underemployed - and those working low wage part-time s#itty jobs with zero-hours contracts and abusive supervisors who don't pay their super and then harass, bully and intimidate their workers

    I once worked in a public service office where a Chinese guy joined, telling me this was his retirement !

    He had worked in a Chinese restaurant for years - early morning to late night, long long hours, hard hard work, earned enough money after years of daily struggle and effort - and now sitting in comfort in an ergonomic chair in an air-conditioned carpeted office was his dream retirement

    so - grass is greener - until you get somewhere else and realise - jeez - what I had before was actually pretty good !

    • Griffindinho on 07/02/2022 - 12:44
      +1

      that dead-end job with a steady income - many would only dream of - especially the unemployed or underemployed

      Depends on situation. If you’re unemployed but financially stable. Why would you endure yourself to being a wage slave in a dead end job?

      Being “free” is worth more than money can ever buy. Unless it’s millions or billions then you’re laughing.

      • Mr Haj on 07/02/2022 - 21:41
        +1

        Are you really "free" though if you don't have any investments to offset basic living expenses? I mean you can quit your job and live off savings for a while but at some stage you'll need to work again. The thought of quitting my job and watching my savings disappear does not sit well with me.

        • Griffindinho on 08/02/2022 - 00:44

          Yeah if you have “passive” incomes it’s doable or live off investments. Might require some initial work to start it up, but after a while should need less work to sustain if done right.

    • Jill of alltrades on 07/02/2022 - 22:08
      +1

      that's an interesting article - 43 properties with a total of $20m in the property portfolio. But what the article fails to mention is, how much of that $20m is still owing to the bank…

      to be fair, the guy did work pretty hard for it and was pretty smart about his finances to be able to achieve that, which is fairly impressive. But it also shows that it's not sustainable in the long term, given that he is now selling his 'secrets' and writing books about it (clearly trying to find another income stream besides property banking). Well, he is a pretty smart entrepreneur to write and sell a book about it, and I'm sure that his book will be a big hit with people dreaming of being a property tycoon. Only problem is, most people wouldn't find the guts or motivation to do what he did.

      • Hangryuman on 09/02/2022 - 10:43

        'not sustainable in the long term, given that he is now selling his 'secrets' and writing books about it'

        on first glance I thought you wrote 'selling his properties' - but I didn't see that about him

        from my browsing of this young guy's start, working 3 jobs from age 14 or something, he showed early moxy and motivation so will likely continue to succeed

        I had read of over-extended people in previous booms, e.g. buying too many cheap properties in rural towns on the idea of positive cash-flow, and then when something happened, maybe interest rate rises or something, they suddenly were unable to meet their loan repayments and basically declared bankruptcy or something

        I remember … a dweeby public servant in the early 1990s, who took out a margin loan to buy shares, they went up, and next I saw him walking around head held high, all puffed up in new suit and shiny shoes looking proud as Punch with himself - this continued for some weeks

        then I didn't see him for a couple of weeks, until … this sad forlorn unshaved bedraggled hobo in unkempt clothes dragging his feet looking like he hadn't slept or eaten

        turned out his shares fell, he got a margin call from the bank, meaning not only did he lose all his shares, but now the bank was demanding he immediately pay them the extra loss of like $50,000, that he didn't have

        so yeah - high reward : high risk …

  • Tech and cars on 07/02/2022 - 14:35

    https://www.celonis.com/training/

    Do these courses, add it to a linkedin profile and put available to work as your linkedin status. Not sure if it's still free, but they were free for a while.

    You'll get hits and offers at $120k and ability to move to approx $200k per year.

  • blocky27 on 07/02/2022 - 15:00

    Spend a year learning to code online, you'll get a software developer job if you're competent enough at it

  • Kaboda on 07/02/2022 - 17:00

    What's your current job can you disclose what that is?

  • Hamlet on 07/02/2022 - 18:16

    Money heist. Join the Professor.

  • Jill of alltrades on 07/02/2022 - 22:19

    "I'm 27 and I'm sick of working under someone… I want to buy investments, travel the world and be financially set for life"

    I think everyone on Ozbargain wants that too… and if you believe what everyone says on Ozbargain, everyone here is a millionaire and super successful!

    Let's be frank, your dream is the Aussie dream, but how many people actually achieve the Aussie dream with no hard work or sacrifice? If it were really that easy, then no one would be on Ozbargain looking for cheap deals.

    But to answer your question more seriously, you should take a good long look at your long term goals and objectives. If your long term goals and objectives are to have an easy high paying job and you don't care what you do, I would suggest looking at being a tradie (the first 5 years is going to be painful) or a garbage truck driver, or any job in the construction industry. But no matter what job you take, it's not going to be easy for the first few years. You will need to stick it out for a few years before you can reach higher earning capacities. If you aren't prepared to sacrifice your time or your effort, then no matter what you do, even if you run your own business, you wouldn't be able to make it big. Everyone who made it big had to work for it, and have very lucky breaks (something that not everyone gets). But no one (unless you are born into a rich family) can make it big (if you don't put in the effort), even with lucky breaks… because they will only squander their lucky breaks, with their lack of effort.

    Good luck to you and I wish you all the best.

    • popsiee on 08/02/2022 - 08:03

      Seriously do you think the perfect storm for housing of low interest rates especially is going to continue in the future .
      We all should already know that answer .
      This turkey had that lol and cashing in on marketing his shit with history of happenings during this period :)
      Labour lost the unlosable federal election ( betting markets had them around 80% chance of winning ) and that would have cut his profits massively with negative gearing changes that would have been implement .
      All part of the perfect storm the dud had .

      • Jill of alltrades on 08/02/2022 - 13:14

        I'm assuming that you are thinking of my response to the guy with 42 properties… I totally agree with u, he bought at the right time and is cashing in on marketing his 'technique'. The thing is, I also lived during that period, but never did have the guts to buy a property (as everyone has been talking about the property bubble and potential burst since 15 years ago), so to be fair to the guy, he did actually take the risk to buy a lot of properties, and now is trying to sell his 'technique'. Whilst I think the book will likely be popular, it's really only because people decide to buy the book…. and there are lots of people in Aussie who want to be like him, but don't do anything about it in real life.

        it's like people's expectations of financial planning… it's not hard to educate oneself about good financial decisions, and do some research about investments. But people always expect financial planners to invest in stocks for them, and make them a lot of $$$, whilst they expect to sit around, do nothing and then complain about how much financial planners earn. It really makes me roll my eyes. (For the record, I went to a free consultation with a financial planner and everything they told me were things that I already knew. I'm a big believer of DIY self research on financial matters).

        I'm totally supportive of Labor's policy of changing the negative gearing. However, I don't believe that it would have affected the guy either, because Labor's policy included grandfathering provisions, which meant that all existing property investors would still have their negative gearing, and the policy would only apply to new property investors. It's a real pity that Labor decided to drop it and not bring it up in the upcoming election.

        On a side note, I'm still kicking myself for not buying a property 15 years ago, but ah well… can't do much as it was my decision then, so I have to reap the consequence. :(

  • ozisaver on 08/02/2022 - 14:21

    find the next big NFT game. i made big $$ when i had hundreds of scholars working for me and the token price was much higher.

  • MoonlapseVertigo on 08/02/2022 - 17:30
    +2

    Tinder swindler

    • popsiee on 08/02/2022 - 17:32
      +1

      Great film :)
      I love the end where the Dude is continuing .

      • MoonlapseVertigo on 08/02/2022 - 17:35

        Listen to the swindled podcast about it. Heaps better

  • May4th on 08/02/2022 - 18:45
    +2

    these posts seem to be recycled every few weeks with slight variations on "what's the best way to make the most money for the least effort"

  • hasher22 on 08/02/2022 - 19:59

    Bubble tea is popular, the only thing I have noticed is that most of your demographics will be East Asian and there are alot of competition within Asian condensed areas. It will be rare for an area with mostly Asians that there isn't a bubble tea place. For example, in Cabramatta alone there are like 6 bubble tea places in the same street, making me wonder how do they even make any profit with such high competition.

    But in saying that, it's not really about the product, it's about how you market yourself or the product that will reel in the customers. For example, bubbleteamates has great advertising but their prices are so damn expensive, that people buy from them because of the social media presence and how they market themselves. Where I can literally google 4-6 places in google and get the same ingredients for 2-3x cheaper without the branding. But hey people like branding.

    • popsiee on 08/02/2022 - 20:12

      Its definitely diluted as my areas use to have queues at them and now with the flood of them they have little traffic .

      • hasher22 on 08/02/2022 - 20:25

        The question is: Are they making enough revenue to survive? While competition is good, if I were a business owner, I would try to get into an area with little competition or an ideal location.

        For example, back when I was at uni in UNSW, there was only 1 bubble tea place behind the bus stop, and all of a sudden a 2nd one popped up 2 doors down. That 1 place was packed and I am sure the owner was laughing. Now, when the 2nd place opened up, both shared customers.

      • May4th on 08/02/2022 - 20:35

        yep it's definitely a race to the bottom with lots of competition. problem is the franchises will take a big chunk of your profit and to build a brand if not buying a franchise takes a lot of time and investment

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