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Getbig Main Boards => Gossip & Opinions => Topic started by: boonstack on August 10, 2008, 01:30:44 PM

Title: Best career field to make serious money? Degree?
Post by: boonstack on August 10, 2008, 01:30:44 PM
Not interested in MED or LAW

But, B.A. in business, or lib arts just dont seem to grant the oppurtunity to "gain entry level employment and work your way up corporate ladder" anymore.

do you have to just have a genuinely unique idea to seperate yourself from the rest? So many sheep out there that just m-f 40 hrs and try to get middle management by time they are 35 and make modest 80-100,000 by mid-late 40s.


what do i gotta do to be a meelyunair
Title: Re: Best career field to make serious money? Degree?
Post by: bigmc on August 10, 2008, 01:31:27 PM
g4p
Title: Re: Best career field to make serious money? Degree?
Post by: Bluto on August 10, 2008, 01:31:43 PM
g4p
Title: Re: Best career field to make serious money? Degree?
Post by: elite_lifter on August 10, 2008, 01:34:15 PM
FINANCE.

End of thread.
Title: Re: Best career field to make serious money? Degree?
Post by: NarcissisticDeity on August 10, 2008, 01:35:58 PM
Dealing drugs , make your own hours great money win/win situation
Title: Re: Best career field to make serious money? Degree?
Post by: bodybuilder1234 on August 10, 2008, 01:38:57 PM
be an entreuprener, go into the housing market, be your own boss
Title: Re: Best career field to make serious money? Degree?
Post by: mitchyboy on August 10, 2008, 01:39:29 PM
 I once read that of all the people in the USA who are financially independent, 95% of them made there money in realestate. Not so sure about now though ???
Title: Re: Best career field to make serious money? Degree?
Post by: boonstack on August 10, 2008, 01:42:30 PM
my dad develops waterfront property here on gulf coast and has 1.7 million to pay back to bank. Renewal coming up in a month and the bank is prolly going to say find financing elsewhere. Perfect area for katrina lovers too! I was thinking about it but the insurance prices around this area are causing some distress for many buyers.
Title: Re: Best career field to make serious money? Degree?
Post by: Bluto on August 10, 2008, 01:44:14 PM
stick around getbig. sooner or later youll turn into a shredded muscle hunk millionaire benchpressing champion like the rest of us
Title: Re: Best career field to make serious money? Degree?
Post by: youandme on August 10, 2008, 01:45:33 PM
I once read that of all the people in the USA who are financially independent, 95% of them made there money in realestate. Not so sure about now though ???

yeah 4 years ago when everyone ran out to grab their real eastate license, I think all the smart people knew that, that was the end of that bubble, and sure enough..

my dad develops waterfront property here on gulf coast and has 1.7 million to pay back to bank. Renewal coming up in a month and the bank is prolly going to say find financing elsewhere. Perfect area for katrina lovers too! I was thinking about it but the insurance prices around this area are causing some distress for many buyers.

I feel ya, it is hurting the contractors alot around my area, I drove past an area development waterfront also I might add, and some of the houses have been sitting on the market for well past 4 years, that had to hurt.
Title: Re: Best career field to make serious money? Degree?
Post by: Howard on August 10, 2008, 01:49:48 PM
Not interested in MED or LAW

But, B.A. in business, or lib arts just dont seem to grant the oppurtunity to "gain entry level employment and work your way up corporate ladder" anymore.

do you have to just have a genuinely unique idea to seperate yourself from the rest? So many sheep out there that just m-f 40 hrs and try to get middle management by time they are 35 and make modest 80-100,000 by mid-late 40s.


what do i gotta do to be a meelyunair

BA in accounting with a CPA seems to be the best way to enter with a decent starting salary these days.
I have been in teaching for 2 decades now but I would choose that if I was starting out and not knocking on the door of age 50 now .
Howard
Title: Re: Best career field to make serious money? Degree?
Post by: bodybuilder1234 on August 10, 2008, 01:52:39 PM
who the hell would want to be an accountant though?
Money isnt everything
Title: Re: Best career field to make serious money? Degree?
Post by: Howard on August 10, 2008, 01:53:38 PM
who the hell would want to be an accountant though?
Money isnt everything
he did ask about an entry level chance to make decent career and the path that follows didn't he?
Title: Re: Best career field to make serious money? Degree?
Post by: elite_lifter on August 10, 2008, 01:55:07 PM
BA in accounting with a CPA seems to be the best way to enter with a decent starting salary these days.
I have been in teaching for 2 decades now but I would choose that if I was starting out and not knocking on the door of age 50 now .
Howard

BAHHHHHHHHHH, crap job, crap money, just like teaching. If you have the drive Financial Advising is close to the top of the highest earning potential.
Title: Re: Best career field to make serious money? Degree?
Post by: divcom on August 10, 2008, 01:58:33 PM
Engineering.  You'll be making 90-125K in 7-10 yrs.  Probably start off at 45-50K.  Not sure if a Masters is necessary...given my two cousins dont have one with their Eng degrees.     

BSN (Nursing).  You can pocket 90-100K traveling but Docs are dicks.  Demand will be about 500K over the next 10yrs.
Title: Re: Best career field to make serious money? Degree?
Post by: Howard on August 10, 2008, 01:59:50 PM
Engineering.  You'll be making 90-125K in 7-10 yrs.  Probably start off at 45-50K.  Not sure if a Masters is necessary...given my two cousins dont have one with their Eng degrees.     
Yeah another great choice but oustide of business , no matter still a great career path.
Title: Re: Best career field to make serious money? Degree?
Post by: divcom on August 10, 2008, 02:03:32 PM
Ultrasound and Xray tech working via agencies.  You can make $30-$40 per and travel 13-52 week assignment. If you like..can be hired on full-time.  Know a guy who got a gig in Hawaii for $75K.
Title: Re: Best career field to make serious money? Degree?
Post by: BayGBM on August 10, 2008, 02:08:24 PM
g4p


;D


In almost any field, who you know is what matters.  If you know the right people they can act as patrons and open doors for you that anonymous people almost never have access to.  For example, if you know the right people on Wall Street, with a degree from a mediocre school you could be a hedge fund manager in a relatively short period of time pulling down serious cash.

The people at the top (in almost any field) make big money;  they key is knowing them and finding favor with them.  The best way to do this is to be born into the right family.  Given that you have to ask this question you apparently screwed that up already.  :-\

Title: Re: Best career field to make serious money? Degree?
Post by: divcom on August 10, 2008, 02:09:05 PM
Yeah another great choice but oustide of business , no matter still a great career path.

The response is to give others ideas also.  He may need a career change.  I started in IT and ended up in Grad Science.

Also...look for ex-pat type jobs aboard if you aint afraid to leave home.  Management and business construction skills are always needed.
Title: Re: Best career field to make serious money? Degree?
Post by: onlyme on August 10, 2008, 02:30:10 PM
You can not go wrong in real estate.  If you can afford to keep it, at some time it will go up.  It is when you can't afford to keep it and are forced to sell or you can't make payments is when it is bad.  But, if you can outlast the bad period then it is the best.  Saying that, I don't own shit cause when I had all my money I wasn't thinking about the future I was thinking about having a great time right now.  My bad.  But, things are changing and property is what I will be buying a lot of.
Title: Re: Best career field to make serious money? Degree?
Post by: elite_lifter on August 10, 2008, 02:32:14 PM
Ultrasound and Xray tech working via agencies.  You can make $30-$40 per and travel 13-52 week assignment. If you like..can be hired on full-time.  Know a guy who got a gig in Hawaii for $75K.
Thread title, serious money. If you think 75K= serious money, you have no clue what serious money is!
Title: Re: Best career field to make serious money? Degree?
Post by: Devon97 on August 10, 2008, 02:33:02 PM
You can not go wrong in real estate.  If you can afford to keep it, at some time it will go up.  It is when you can't afford to keep it and are forced to sell or you can't make payments is when it is bad.  But, if you can outlast the bad period then it is the best.  Saying that, I don't own shit cause when I had all my money I wasn't thinking about the future I was thinking about having a great time right now.  My bad.  But, things are changing and property is what I will be buying a lot of.

Real Estate is a mess right now.

Title: The Rise of the Super Rich!
Post by: Devon97 on August 10, 2008, 02:34:02 PM
The rise of the super rich in this nation in the last 10 years has been:

Hedge Fund Mgr.

Title: Re: Best career field to make serious money? Degree?
Post by: The RedMeatKid on August 10, 2008, 02:44:11 PM
Used car sales...find a dealership in an area with a lot of minorities/immigrants with shaky credit.  You should be able to pull a couple of g's a week plus.  You will always have dough in your pocket and have strippers around you.
Title: Re: Best career field to make serious money? Degree?
Post by: elite_lifter on August 10, 2008, 02:47:35 PM
Used car sales...find a dealership in an area with a lot of minorities/immigrants with shaky credit.  You should be able to pull a couple of g's a week plus.  You will always have dough in your pocket and have strippers around you.
::), is this what you do.  ::)
Title: Re: Best career field to make serious money? Degree?
Post by: youandme on August 10, 2008, 03:04:54 PM
Thread title, serious money. If you think 75K= serious money, you have no clue what serious money is!

Maybe he meant rad tech, specialist he's talking about 4hour shifts, for someone that is a red tech, doing MRI's fMRI and radioactive therapy, your looking at 120k working about 3-4 days a week, at most.

Read meatkid is right, the money in cars is in used cars, you get a 4k car form auction, sticker it for 7k on the lot with certain financing for people with bad credit, you sell them like pancakes, because a market for used cars always exist.

Hedge Funds, half of them died in january, and another quarter are going to die out come next year.
Title: Re: Best career field to make serious money? Degree?
Post by: Fury on August 10, 2008, 03:07:10 PM
Buyside finance. I-banking -> Private equity, venture capital, hedge funds.

However, you're the kid who seems to have blown what was a multi-million dollar inheritance from your grandfather, so I think it's safe to say that money management isn't your thing. Unless, of course, you were lying about that inheritance.
Title: Re: Best career field to make serious money? Degree?
Post by: 240 is Back on August 10, 2008, 03:11:08 PM
Just find a job in the top third of moneymaking fields, and stay consistent.  You can be a dog catcher and still make $250k a year, as long as you hire a staff and explot the comparative advantages of their time and labor.


oh, and driving across state lines, adopting  a dozen pitbulls each week, sharing some rabies with them, and setting them loose in affluent communities the same day you hand out your busienss card, may be considered a shrewd way to ensure demand.
Title: Re: Best career field to make serious money? Degree?
Post by: elite_lifter on August 10, 2008, 03:15:06 PM
Maybe he meant rad tech, specialist he's talking about 4hour shifts, for someone that is a red tech, doing MRI's fMRI and radioactive therapy, your looking at 120k working about 3-4 days a week, at most.

Read meatkid is right, the money in cars is in used cars, you get a 4k car form auction, sticker it for 7k on the lot with certain financing for people with bad credit, you sell them like pancakes, because a market for used cars always exist.

Hedge Funds, half of them died in january, and another quarter are going to die out come next year.
Not a place I would want to spend 3 or 4 days or 1 day a week soaking up all that radiation. No thanks.

If you like dealing w/scum all day showing junk cars, the used car market is your kind of career job.

Title: Re: Best career field to make serious money? Degree?
Post by: bigdumbbell on August 10, 2008, 03:35:33 PM
my dad develops waterfront property here on gulf coast and has 1.7 million to pay back to bank. Renewal coming up in a month and the bank is prolly going to say find financing elsewhere. Perfect area for katrina lovers too! I was thinking about it but the insurance prices around this area are causing some distress for many buyers.
he's blessed it's only 1.7  that's nothing :)
Title: Re: Best career field to make serious money? Degree?
Post by: youandme on August 10, 2008, 03:38:05 PM
Buyside finance. I-banking -> Private equity, venture capital, hedge funds.

However, you're the kid who seems to have blown what was a multi-million dollar inheritance from your grandfather, so I think it's safe to say that money management isn't your thing. Unless, of course, you were lying about that inheritance.

hey he always has sell side - > penis department

he can ask DA about how to break into that business
Title: Re: Best career field to make serious money? Degree?
Post by: bigbobs on August 10, 2008, 05:45:51 PM
Power engineers make 150-200k per year in northern Alberta around the oil sands.  I think it only takes two years of schooling and the work is very relaxed - often they say they just sit around and watch movies on the job.  They usually work 12 hour shifts for 4-5 days a week then have 4-5 days a week off where they go back to their home in a larger city.  Lots of guys I went to high school with who were considered part of the "dumber" crowd ended up taking up that route since they did not have the grades to get into university, and started making 150k in their earlier 20's, much more than the "smart" high school crowd.
Title: Re: Best career field to make serious money? Degree?
Post by: bigbobs on August 10, 2008, 05:46:55 PM
Otherwise, for more practical stuff where you dont have to move far north for, I'd suggest Accounting/Finance like some others did, and also pharmacy (dont think that was mentioned).
Title: Re: Best career field to make serious money? Degree?
Post by: The Coach on August 10, 2008, 05:51:35 PM
be an entreuprener, go into the housing market, be your own boss

EXACTLY.........don't be a corporate lackey. Does't matter who you are, how long you've been there or how much you make...........your expendable.
Title: Re: Best career field to make serious money? Degree?
Post by: Moosejay on August 10, 2008, 05:58:46 PM
Not interested in MED or LAW

But, B.A. in business, or lib arts just dont seem to grant the oppurtunity to "gain entry level employment and work your way up corporate ladder" anymore.

do you have to just have a genuinely unique idea to seperate yourself from the rest? So many sheep out there that just m-f 40 hrs and try to get middle management by time they are 35 and make modest 80-100,000 by mid-late 40s.


what do i gotta do to be a meelyunair

Save 10%(more if poss) of your gross and invest for long term growth
You will retire wealthy
Title: Re: Best career field to make serious money? Degree?
Post by: onlyme on August 10, 2008, 06:20:36 PM
Real Estate is a mess right now.



Not for buyers.  Like I said if you can afford to keep what you have and ride through the bad times real estate at some time will always go up.  They don't make land anymore.
Title: Re: Best career field to make serious money? Degree?
Post by: youandme on August 10, 2008, 06:22:29 PM
Save 10%(more if poss) of your gross and invest for long term growth
You will retire wealthy

he is not god at saving money.

in that case buy the best hookers with 10% of your monthly income, you will die a happy man with aids or something, but happy nonetheless
Title: Re: Best career field to make serious money? Degree?
Post by: The Coach on August 10, 2008, 06:30:53 PM
Real Estate is a mess right now.



Still the best investment around. It always bounces back, just have to hang on to the property and wait.
Title: Re: Best career field to make serious money? Degree?
Post by: 240 is Back on August 10, 2008, 06:33:39 PM
Still the best investment around. It always bounces back, just have to hang on to the property and wait.

might be decades though.

In 2009, big companies are going to use their sold stock capital and buy up the repo'd houses in bunches form banks desperate to stay afloat.

What will these corporations do?  Will they invest their capital into fixing them up, even though demand will remain low with skyrocketing apartment construction in 08?

Or, will they keep them slums to keep their profits up, and we'll see 1-3 houses on every street in america get sold to junkies and dealers at 50 cents on the dollar?



Title: Re: Best career field to make serious money? Degree?
Post by: The Coach on August 10, 2008, 06:35:20 PM
might be decades though.

In 2009, big companies are going to use their sold stock capital and buy up the repo'd houses in bunches form banks desperate to stay afloat.

What will these corporations do?  Will they invest their capital into fixing them up, even though demand will remain low with skyrocketing apartment construction in 08?

Or, will they keep them slums to keep their profits up, and we'll see 1-3 houses on every street in america get sold to junkies and dealers at 50 cents on the dollar?






Nah........at least in So. Cal it's turning fast.
Title: Re: Best career field to make serious money? Degree?
Post by: G.R.H. on August 10, 2008, 07:01:41 PM
prostitution! or, sell your muscular body to a nice whore! she'll whip it!  ;D
Title: Re: Best career field to make serious money? Degree?
Post by: alejandro_torres on August 10, 2008, 09:09:26 PM
car bussines... its good and you dont do shit all day long...

im living the dream baby...  8)
Title: Re: Best career field to make serious money? Degree?
Post by: Dreadlord on August 10, 2008, 09:23:39 PM
Management with Finance combo. Really helps keep things real in the boardroom when wild ideas are flung about.
Title: Re: Best career field to make serious money? Degree?
Post by: monstercalves on August 10, 2008, 09:24:19 PM
car bussines... its good and you dont do shit all day long...

im living the dream baby...  8)

 ::)
Title: Re: Best career field to make serious money? Degree?
Post by: Eyeball Chambers on August 10, 2008, 09:27:02 PM
In 2009, big companies are going to use their sold stock capital and buy up the repo'd houses in bunches form banks desperate to stay afloat.

Interesting, can you elaborate?  ???

Any good links for further reading?

Thanks  8)
Title: Re: Best career field to make serious money? Degree?
Post by: Brixtonbulldog on August 10, 2008, 09:29:55 PM
stick around getbig. sooner or later youll turn into a shredded muscle hunk millionaire benchpressing champion like the rest of us


this one had me rolling.. where the hell did the best quotes and insults board go?
Title: Re: Best career field to make serious money? Degree?
Post by: muscularny on August 10, 2008, 09:34:22 PM
I once read that of all the people in the USA who are financially independent, 95% of them made there money in realestate. Not so sure about now though ???

look being worth millions on paper and the toll each deal takes on you is rediculious, most guys who make money in RE end up not enjoying it till they are 45+ and in most cases it will be their children who will enjoy it

Title: Re: Best career field to make serious money? Degree?
Post by: onlyme on August 10, 2008, 10:33:09 PM
might be decades though.

In 2009, big companies are going to use their sold stock capital and buy up the repo'd houses in bunches form banks desperate to stay afloat.

What will these corporations do?  Will they invest their capital into fixing them up, even though demand will remain low with skyrocketing apartment construction in 08?

Or, will they keep them slums to keep their profits up, and we'll see 1-3 houses on every street in america get sold to junkies and dealers at 50 cents on the dollar?





Jeez remind me not to ask you for investment recommendations.  Anyway buy income property.  Multi-family and small apartment buildings.  Even the people not doing great right now have to have a place to live.  Have others make your mortgage payment for you while you ride out the storm.  Generate enough to cover all your expenses associated with the property and still make a small income.  Take your equity and roll it into another property.
Title: Re: Best career field to make serious money? Degree?
Post by: divcom on August 11, 2008, 12:23:52 AM
Thread title, serious money. If you think 75K= serious money, you have no clue what serious money is!

I forgot everyone on here has a luxury ride with a $250K income at birth.  No need for GetRichers to move up the ladder.

Again...there are jobs you can start at $50-$75K and move up the ladder.  When on GetDisney...you're already at the top even when you're in your mom's house.

 :-\
Title: Re: Best career field to make serious money? Degree?
Post by: Quickerblade on August 11, 2008, 12:39:02 AM
I forgot everyone on here has a luxury ride with a $250K income at birth.  No need for GetRichers to move up the ladder.

Again...there are jobs you can start at $50-$75K and move up the ladder.  When on GetDisney...you're already at the top even when you're in your mom's house.

 :-\
Im a internet millioniare, having Millions stashed in Bemuda and im ripped...and i got a benz that i aint even drove yet.
Title: Re: Best career field to make serious money? Degree?
Post by: Pecs on August 11, 2008, 02:39:01 AM
Be an IFBB pro!!!!! This is ANIMAL, can you handle it?? ;)
Title: Re: Best career field to make serious money? Degree?
Post by: big14 on August 11, 2008, 03:00:53 AM
Used car sales...find a dealership in an area with a lot of minorities/immigrants with shaky credit.  You should be able to pull a couple of g's a week plus.  You will always have dough in your pocket and have strippers around you.
Damn, ghettokid, used cars salesman is what successful men joke about.
Dirty wrinkled dollarbills in the pocket and strippers, man you are fucked and lost.


To the thread starter If you come to a schmoe homo forum and ask for advice like this you will
probably struggle with bills the rest of your life.
The average Getbigger is even dumber than the average Joe and I have never even spoken to
trailer people before getbig.

Making serious money is pretty easy if you have the right people guiding you and
the financial backup.
Managing funds or taking advantage of a global falling stockmarket, endless possibilities out there
for a few people.
preferably have a rich dad with tons of contacts.

Since you come to getbig :
For you my friend, I advice you to become a janitor or something where you can sleep at work
(you dont need a home or pay rent) and a job where they give you free food.
Never take a day off, never go anywhere, dont take the bus, walk, save 100% of your weekly100dollar salary
and keep saving for another 60years or so.
Title: Re: Best career field to make serious money? Degree?
Post by: Dreadlord on August 11, 2008, 06:55:00 AM
Im a internet millioniare, having Millions stashed in Bemuda and im ripped...and i got a benz that i aint even drove yet.


 :D.

I'm sure you're also planning on stepping into the cage soon to win the HW title while entertaining various movie projects that are presented to you on a daily basis.
 
DAmn QB - you've got it all.
All haters beware
 :)
Title: Re: Best career field to make serious money? Degree?
Post by: Fury on August 11, 2008, 07:13:36 AM
Im a internet millioniare, having Millions stashed in Bemuda and im ripped...and i got a benz that i aint even drove yet.

A Benz? I'm picking out the colors on my fifth Veyron that I intend to turn into a destruction derby car. It's only $1.2 million and it's not like I have four sitting in the garage.
Title: Re: Best career field to make serious money? Degree?
Post by: DK II on August 11, 2008, 07:17:09 AM
Asking for career advice on getbig is a serious self owning.

Title: Re: Best career field to make serious money? Degree?
Post by: Dreadlord on August 11, 2008, 07:18:17 AM
A Benz? I'm picking out the colors on my fifth Veyron that I intend to turn into a destruction derby car. It's only $1.2 million and it's not like I have four sitting in the garage.

Lets not forget that mind warping device you own that fried poor demented blutos pea brain and scarred him for life.

He cowers in his attic with his security blanket wrapped around him - fearing and wondering - when will berzerkfury strike next........

Title: Re: Best career field to make serious money? Degree?
Post by: Fury on August 11, 2008, 07:19:29 AM
Lets not forget that mind warping device you own that fried poor demented blutos pea brain and scarred him for life.

He cowers in his attic with his security blanket wrapped around him - fearing and wondering - when will berzerkfury strike next........



It's like breast feeding. I'm trying to ween him off my nutsack but he keeps hanging on. Damn teething.  :-\
Title: Re: Best career field to make serious money? Degree?
Post by: Dreadlord on August 11, 2008, 07:21:37 AM
It's like breast feeding. I'm trying to ween him off my nutsack but he keeps hanging on. Damn teething.  :-\

he's just a MENTAL MIDGET- he doesn't know when to let go

 :D
Title: Re: Best career field to make serious money? Degree?
Post by: Devon97 on August 11, 2008, 07:36:49 AM
Power engineers make 150-200k per year in northern Alberta around the oil sands.  I think it only takes two years of schooling and the work is very relaxed - often they say they just sit around and watch movies on the job.  They usually work 12 hour shifts for 4-5 days a week then have 4-5 days a week off where they go back to their home in a larger city.  Lots of guys I went to high school with who were considered part of the "dumber" crowd ended up taking up that route since they did not have the grades to get into university, and started making 150k in their earlier 20's, much more than the "smart" high school crowd.

150k in CAN = about $115K USD
Title: Re: Best career field to make serious money? Degree?
Post by: Tapeworm on August 11, 2008, 08:27:21 AM
As with most things, there's a risk/reward to consider.  It's unlikely you'll make "serious" money as anyone's employee, but you could still make very good money and possibly enjoy a better quality of life.  There's more earning potential in running a business, but it's a lot riskier, more stressful, more involved, and you're essentially working 24 hrs a day.  An employment position suits most people best in the long term, but if you're prepared to sell your soul and are reasonably clued in about a particular subject, you can build a successful business doing anything.

BTW, the notion of a "career" is illusory.  There is only your time and how you spend it, and your assessment thereof.  People who talk about their "career" usually get more of a thrill from a prestigious sounding job title than from actually having a good job.  That's why it's such a buzzword for kids in their 20s (and why its so easy to exploit them) but you rarely find older, wiser, and more cynical people making reference to their "career."

Bottom line is you'll probably do well to get a degree in something you enjoy and which you feel will make you reasonable money.  Be a consistent saver and long term conservative investor.
Title: Re: Best career field to make serious money? Degree?
Post by: 240 is Back on August 11, 2008, 08:55:11 AM
Jeez remind me not to ask you for investment recommendations.  Anyway buy income property.  Multi-family and small apartment buildings.  Even the people not doing great right now have to have a place to live.  Have others make your mortgage payment for you while you ride out the storm.  Generate enough to cover all your expenses associated with the property and still make a small income.  Take your equity and roll it into another property.

You believe what you'd like, I'll believe what I'd like.

Property bubble isn't NEAR popping yet.  Market hasn't hit rock bottom.  How do I know this?  Because we haven't yet seen the true longterm implications of depressed areas.  You know, family areas where homes used to sell for $300k each... those streets now have scumbags living in 2-3 of the homes, as the bank is renting them at $700 a month, or re-selling them at 70 cents on the dollar.

bringing low-class people into higher-class areas makes the other 17 homes on that block lose value when 3 or 4 concerned parents all put up their homes for sale at once.  And this will happen on every block in America.

As a result, you'll have a ton of houses up for sale below perceived market value.  And 2009 rolls around, you'll have a bunch of companies who just cashed in all their stocks to avoid Obama's new tax plan on their monster gains.  They'll need a protected place to put their cash.  And all these cheap homes will be the perfect place.

From 2003 til 2005, I wsa the black sheep in my MBA classes - kids and professors alike - thought I was crazy when I said that the real estaet/construction market wasn't sustainable due to ARMs and simple supply/demand - there weren't enough people to live in these places.  They all laughed, but I was absolutely right.   And I think I'll be right again, when 2009 rolls around and corporations buy up a shitload of homes and property. 

You can tell folks to buy income property, but since individual owners lack the economies of scale that corporations will have, by 2010 they'll be begging the companies to buy it from them. 
Title: Re: Best career field to make serious money? Degree?
Post by: onlyme on August 11, 2008, 09:07:54 AM
You believe what you'd like, I'll believe what I'd like.

Property bubble isn't NEAR popping yet.  Market hasn't hit rock bottom.  How do I know this?  Because we haven't yet seen the true longterm implications of depressed areas.  You know, family areas where homes used to sell for $300k each... those streets now have scumbags living in 2-3 of the homes, as the bank is renting them at $700 a month, or re-selling them at 70 cents on the dollar.

bringing low-class people into higher-class areas makes the other 17 homes on that block lose value when 3 or 4 concerned parents all put up their homes for sale at once.  And this will happen on every block in America.

As a result, you'll have a ton of houses up for sale below perceived market value.  And 2009 rolls around, you'll have a bunch of companies who just cashed in all their stocks to avoid Obama's new tax plan on their monster gains.  They'll need a protected place to put their cash.  And all these cheap homes will be the perfect place.

From 2003 til 2005, I wsa the black sheep in my MBA classes - kids and professors alike - thought I was crazy when I said that the real estaet/construction market wasn't sustainable due to ARMs and simple supply/demand - there weren't enough people to live in these places.  They all laughed, but I was absolutely right.   And I think I'll be right again, when 2009 rolls around and corporations buy up a shitload of homes and property. 

You can tell folks to buy income property, but since individual owners lack the economies of scale that corporations will have, by 2010 they'll be begging the companies to buy it from them. 

I never said it hit rock bottom.  I am pretty sure the market will still go down too.  But I also know it will go up.  This may not be the best time to buy but it is not a bad time to buy either.  Buying at the lowest price possible is always best.  I know that and I didn't waste time in college.  But also, as you wait for the prices to go down you are also taking the chance of losing money on the way.  If you have the money spend it and invest it in property.  Real Estate you can not go wrong on like I said, if you can afford to keep it.  That is a fact.  Like I said before, "they aren't making land anymore"
Title: Re: Best career field to make serious money? Degree?
Post by: 240 is Back on August 11, 2008, 09:11:07 AM
I never said it hit rock bottom.  I am pretty sure the market will still go down too.  But I also know it will go up.  This may not be the best time to buy but it is not a bad time to buy either.  Buying at the lowest price possible is always best.  I know that and I didn't waste time in college.  But also, as you wait for the prices to go down you are also taking the chance of losing money on the way.  If you have the money spend it and invest it in property.  Real Estate you can not go wrong on like I said, if you can afford to keep it.  That is a fact.  Like I said before, "they aren't making land anymore"

Hey, you might be absolutely right.


Title: Re: Best career field to make serious money? Degree?
Post by: sgt. d on August 11, 2008, 09:19:47 AM
Become a pro bodybuilder

End of topic
Title: Re: Best career field to make serious money? Degree?
Post by: bigbobs on August 11, 2008, 09:48:07 AM
150k in CAN = about $115K USD

What year are you living in?  :-\

http://www.xe.com/
Title: Re: Best career field to make serious money? Degree?
Post by: Camel Jockey on August 11, 2008, 09:52:33 AM
Finance or Accounting

Although to take the CPA certification exam you'll need a masters degree.
Title: Re: Best career field to make serious money? Degree?
Post by: Camel Jockey on August 11, 2008, 09:53:38 AM
Power engineers make 150-200k per year in northern Alberta around the oil sands.  I think it only takes two years of schooling and the work is very relaxed - often they say they just sit around and watch movies on the job.  They usually work 12 hour shifts for 4-5 days a week then have 4-5 days a week off where they go back to their home in a larger city.  Lots of guys I went to high school with who were considered part of the "dumber" crowd ended up taking up that route since they did not have the grades to get into university, and started making 150k in their earlier 20's, much more than the "smart" high school crowd.

It seems as though in Canada people who simply go through the motions can be employed in a good field. Not too many people up there.
Title: Re: Best career field to make serious money? Degree?
Post by: MB_722 on August 11, 2008, 10:11:35 AM
150k in CAN = about $115K USD

Live rates at 2008.08.11 17:10:28 UTC

150,000.00 CAD
   
=
   
140,437.13 USD
Title: Re: Best career field to make serious money? Degree?
Post by: bigbobs on August 11, 2008, 10:18:35 AM
Live rates at 2008.08.11 17:10:28 UTC

150,000.00 CAD
   
=
   
140,437.13 USD

That's right for today, it hasn't been the rate that Devon97 was implying for ages.

In any case, I'm sure you would agree that $150k Canadian is a lot of coin for someone in their early 20's to be making who just got by in high school and did 2 years of a relatively simple program in college, and then to be at 200k or more by the time they are 25?  Maybe that's chump change for the typical getbig millionnaire  :D
Title: Re: Best career field to make serious money? Degree?
Post by: Moosejay on August 11, 2008, 10:24:16 AM
As with most things, there's a risk/reward to consider.  It's unlikely you'll make "serious" money as anyone's employee, but you could still make very good money and possibly enjoy a better quality of life.  There's more earning potential in running a business, but it's a lot riskier, more stressful, more involved, and you're essentially working 24 hrs a day.  An employment position suits most people best in the long term, but if you're prepared to sell your soul and are reasonably clued in about a particular subject, you can build a successful business doing anything.

BTW, the notion of a "career" is illusory.  There is only your time and how you spend it, and your assessment thereof.  People who talk about their "career" usually get more of a thrill from a prestigious sounding job title than from actually having a good job.  That's why it's such a buzzword for kids in their 20s (and why its so easy to exploit them) but you rarely find older, wiser, and more cynical people making reference to their "career."

Bottom line is you'll probably do well to get a degree in something you enjoy and which you feel will make you reasonable money.  Be a consistent saver and long term conservative investor.

there it is
Title: Re: Best career field to make serious money? Degree?
Post by: liberty on August 11, 2008, 10:34:10 AM
Solar -Mech Engineering-Electrical Engineering

Remember NASA is going to the moon again....Mars by 2020
Aerospace Engineering and other Engineering Fields  Mech/Electronic/Elec/Optics
Title: Re: Best career field to make serious money? Degree?
Post by: alejandro_torres on August 11, 2008, 10:36:05 AM
grow  weeeeeeeeeeeeeeeeed

cocaine

xtasis!

Title: Re: Best career field to make serious money? Degree?
Post by: The RedMeatKid on August 11, 2008, 10:43:43 AM
::), is this what you do.  ::)

OH YEAH.
Title: Re: Best career field to make serious money? Degree?
Post by: Quickerblade on August 11, 2008, 03:59:03 PM

 :D.

I'm sure you're also planning on stepping into the cage soon to win the HW title while entertaining various movie projects that are presented to you on a daily basis.
 
DAmn QB - you've got it all.
All haters beware
 :)
My agent deals with the movie scripts, have not seen anything that i really like to be honest, waiting for that perfect role.
Title: Re: Best career field to make serious money? Degree?
Post by: dov on August 11, 2008, 04:12:40 PM
just don't do anything stupid like getting married or having children...your $$ stays in your pocket and nobody elses...work a modest job and live comfortably and happy. $50k/yr should do it 8)
Title: Re: Best career field to make serious money? Degree?
Post by: Camel Jockey on August 11, 2008, 04:19:39 PM
just don't do anything stupid like getting married or having children...your $$ stays in your pocket and nobody elses...work a modest job and live comfortably and happy. $50k/yr should do it 8)

With the right wife a man could be even richer.

Not all marriages end in divorce.. If your wife has a good career and is right in the head then you could make a lot of money together.
Title: Re: Best career field to make serious money? Degree?
Post by: JOHN MATRIX on August 11, 2008, 04:23:56 PM
luck and connections

thats is all

thats the only thing seperating those at the top from the millions of others no different than them who are also 'working hard'
Title: Re: Best career field to make serious money? Degree?
Post by: dov on August 11, 2008, 04:26:39 PM
With the right wife a man could be even richer.

Not all marriages end in divorce.. If your wife has a good career and is right in the head then you could make a lot of money together.
Very true....hell, you could have a son who grows up to be a starting QB for the SuperBowl champs making $100 mil too....go ahead and take your chances ::)..never bank on someone else to make you rich
Title: Re: Best career field to make serious money? Degree?
Post by: 240 is Back on August 11, 2008, 04:30:53 PM
Not all marriages end in divorce..

I call bullshit.
Title: Re: Best career field to make serious money? Degree?
Post by: Brixtonbulldog on August 11, 2008, 05:45:23 PM
So based on this thread how many of you think I should change my major from business admin to finance?

No, I don't have time to read every previous post.
Title: Re: Best career field to make serious money? Degree?
Post by: Camel Jockey on August 11, 2008, 05:52:18 PM
So based on this thread how many of you think I should change my major from business admin to finance?

No, I don't have time to read every previous post.

Finance major = more knowledge of accounting, economics, statistics, investments and other things. You come off knowing more and actual knowledge and what will help you and what wont.

Business administration is a worthless major. Go into accounting, economics, or finance
Title: Re: Best career field to make serious money? Degree?
Post by: youandme on August 11, 2008, 06:15:46 PM
porn stars make $500 per film, cash

then you can do privates $500 say you do 1-2 per day

good luck
Title: Re: Best career field to make serious money? Degree?
Post by: 240 is Back on August 11, 2008, 06:55:30 PM
Business administration is a worthless major. Go into accounting, economics, or finance

agree for the most part.  If you want to work with people, go business admin.  If you want to work with numbers, go with finance.  You'd bettter love some finance, tho!  I was in the equiv of finance 3 and accounting 4 by the time I finished the MBA, and I was ready to kill myself.
Title: Re: Best career field to make serious money? Degree?
Post by: bigdumbbell on August 11, 2008, 07:01:46 PM
good resources, luck and connections.....the only way
Title: Re: Best career field to make serious money? Degree?
Post by: Brixtonbulldog on August 11, 2008, 07:06:10 PM
agree for the most part.  If you want to work with people, go business admin.  If you want to work with numbers, go with finance.  You'd bettter love some finance, tho!  I was in the equiv of finance 3 and accounting 4 by the time I finished the MBA, and I was ready to kill myself.

Great... now I'm stumped.
Title: Re: Best career field to make serious money? Degree?
Post by: 240 is Back on August 11, 2008, 07:39:55 PM
Great... now I'm stumped.

Well, in most fields, you'll want the MBA eventually anyway, many employers will pay for it. 
if you have either degree, half of the classes should be pre-req'd out.

Finance will probably be your best bet.  But don't plan on getting a good job in finance for a while... honestly, it'll be 4-5 years til things correct enough for regular joes to want to buy retirement packages again.  If you want to go work for a bank, good luck... they're cutting lots of jobs and using govt bailouts just to stay alive.

All depends.  If you want to work with numbers anyway, get finance.  If you may want to own your own business, i'd HIGHLY recommend the MBA.   Classes teach you to plan, lead, organize, and control your own thing.
Title: Re: Best career field to make serious money? Degree?
Post by: Brixtonbulldog on August 11, 2008, 07:45:39 PM
If you may want to own your own business, i'd HIGHLY recommend the MBA.   Classes teach you to plan, lead, organize, and control your own thing.

All I needed to hear, thanks.  My fam owns two businesses so I'm pretty sure that's where I'm headed if I can't make exec in retail.
Title: Re: Best career field to make serious money? Degree?
Post by: kh300 on August 11, 2008, 07:50:56 PM
So based on this thread how many of you think I should change my major from business admin to finance?

No, I don't have time to read every previous post.

i dont. what you need to change is your attitude. your not going to make it big with the mentality of taking the easy way out by saying ill just switch from this major to that. its not that easy.

the majority of jobs out there have you starting out very low. dont think you'll be rich just because you graduated or you'll fall on your ass. you need to work your way up. some people will see a ladder and climb up. others will look for an elevator.

some of the wealthiest people in the world dont even have a degree. you can get rich on a business degree, you can get rich on a criminal justice degree. you can get rich without a degree. some do, some dont. figure out why and that all you need to worry about
Title: Re: Best career field to make serious money? Degree?
Post by: Fury on August 11, 2008, 07:52:38 PM
Well, in most fields, you'll want the MBA eventually anyway, many employers will pay for it. 
if you have either degree, half of the classes should be pre-req'd out.

Finance will probably be your best bet.  But don't plan on getting a good job in finance for a while... honestly, it'll be 4-5 years til things correct enough for regular joes to want to buy retirement packages again.  If you want to go work for a bank, good luck... they're cutting lots of jobs and using govt bailouts just to stay alive.

All depends.  If you want to work with numbers anyway, get finance.  If you may want to own your own business, i'd HIGHLY recommend the MBA.   Classes teach you to plan, lead, organize, and control your own thing.

Boutique i-banks and mid-tier banks are doing fine. It's the bulge bracket banks that are taking the brunt of the damage, and most of them seem to have already taken the biggest pop they're going to.
Title: Re: Best career field to make serious money? Degree?
Post by: 240 is Back on August 11, 2008, 07:59:06 PM
All I needed to hear, thanks.  My fam owns two businesses so I'm pretty sure that's where I'm headed if I can't make exec in retail.

When you go to school - make your focus your SKILLS.  Like, many people go to school to get the DEGREE.  If you're gonna be a lawyer or MD, sure, the professional cert is all that matter.  But if you're going to go into biz for yourself, your skillset is all that matters... Being able to see opportunities, then being able to capitalize upon them.

Also, try to decide early on what you're going to do, if you can.  And as youre sitting in class every night, think about how this particular class you're sitting in - will benefit your own business.

I knew 18 months before graduation with MBA that I wanted to be a web designer.  So, in every class, I would take ideas home to my "when I open my business" portfolio.   Every marketing piece I built in class would conveniently be used at home too.  Every logistical plan/ proj mgmt assignment would be applicable to my web design company.  I worked at the school and got copies of every piece of software, and an office full of school supplies.  

I officially opened in january 2006, and I had a fully stocked office, software, marketing, acct plan, ad materials, lots of contacts, etc... just knowing ahead of time, I was able to use school to help me be ready.
Title: Re: Best career field to make serious money? Degree?
Post by: 240 is Back on August 11, 2008, 08:01:27 PM
Boutique i-banks and mid-tier banks are doing fine. It's the bulge bracket banks that are taking the brunt of the damage, and most of them seem to have already taken the biggest pop they're going to.

Best case scenario, you're right.
middle case scenario, the ripple effect will continue down to smaller banks as the housing market becomes more depressed in 2009.  Which it has to.  You can't have 2 poor people living on every block in america without land values falling, causing more repo'd house... more bank strain, yada yada.

I hope you're right.  I believe, however, that most college kids should take a hard look at banking/finance.  if the BEST case scenario is that they're enting a field that *hopefully* won't start failling, well...
Title: Re: Best career field to make serious money? Degree?
Post by: Fury on August 11, 2008, 08:04:54 PM
Best case scenario, you're right.
middle case scenario, the ripple effect will continue down to smaller banks as the housing market becomes more depressed in 2009.  Which it has to.  You can't have 2 poor people living on every block in america without land values falling, causing more repo'd house... more bank strain, yada yada.

I hope you're right.  I believe, however, that most college kids should take a hard look at banking/finance.  if the BEST case scenario is that they're enting a field that *hopefully* won't start failling, well...

Well, Merrill Lynch just shored up a couple billion dollars worth of their problems, while managing to do it as cheaply as possible. What Citigroup and UBS do next will tell a lot more. Still somewhat early, though.

http://www.economist.com/finance/displaystory.cfm?story_id=11848898
Title: Re: Best career field to make serious money? Degree?
Post by: Brixtonbulldog on August 11, 2008, 08:08:01 PM
i dont. what you need to change is your attitude. your not going to make it big with the mentality of taking the easy way out by saying ill just switch from this major to that. its not that easy.

the majority of jobs out there have you starting out very low. dont think you'll be rich just because you graduated or you'll fall on your ass. you need to work your way up. some people will see a ladder and climb up. others will look for an elevator.

some of the wealthiest people in the world dont even have a degree. you can get rich on a business degree, you can get rich on a criminal justice degree. you can get rich without a degree. some do, some dont. figure out why and that all you need to worry about

No, switching my major to finance was something I had been thinking of for a while.  I actually have a good amount of experience in several fields (comp networking, retail and various management, loss prevention and investigations, mil background, etc.) but like you said, a degree may or may not get me what I want.  That's why I wasn't hinging everything on one or the other degrees I am looking at pursuing.  In other words, I have a good idea of what I want to do and how I want to get there and the degree being either one of the two I'm considering isn't of such importance that I can't change if it turns out to be a slightly better choice for one reason or another.
Title: Re: Best career field to make serious money? Degree?
Post by: 240 is Back on August 11, 2008, 08:10:32 PM
Well, Merrill Lynch just shored up a couple billion dollars worth of their problems, while managing to do it as cheaply as possible. What Citigroup and UBS do next will tell a lot more. Still somewhat early, though.

http://www.economist.com/finance/displaystory.cfm?story_id=11848898

I'm sure hoping everything is okay.

Russia is shooting missiles into a big chunk of world's oil supply.  If the US/Rus have beef, gas becomes $7 a gallon, which causes that ripple... people lose jobs, more foreclosures, more banks...

Time is SO hard to get back.  I just want him to know that the world is very unstable at the moment, and that it's a risky field that can be cut up quickly should shit get wild in the world.

I was hired by Prudential upon graduation with my BA degree, after teaching 1 year.  I didn't plan on going back to teaching.  Entering their training program in 2000/1 at 29k a year... I was so excited.

Then, the dot-com crash came, and the whole group of us was just paused indefinitely.  I went back to school for computers obviously... I didn't have any finance skills, but they were gonna hire me anyway because I scored so well on their math and logic testing.  Then, it all just ended and I was on my own.
Title: Re: Best career field to make serious money? Degree?
Post by: Fury on August 11, 2008, 08:13:05 PM
I'm sure hoping everything is okay.

Russia is shooting missiles into a big chunk of world's oil supply.  If the US/Rus have beef, gas becomes $7 a gallon, which causes that ripple... people lose jobs, more foreclosures, more banks...

Time is SO hard to get back.  I just want him to know that the world is very unstable at the moment, and that it's a risky field that can be cut up quickly should shit get wild in the world.

I was hired by Prudential upon graduation with my BA degree, after teaching 1 year.  I didn't plan on going back to teaching.  Entering their training program in 2000/1 at 29k a year... I was so excited.

Then, the dot-com crash came, and the whole group of us was just paused indefinitely.  I went back to school for computers obviously... I didn't have any finance skills, but they were gonna hire me anyway because I scored so well on their math and logic testing.  Then, it all just ended and I was on my own.

True. It's a field with one of the highest turnover rates regardless of anything else.