At the crossroads - critical decision. Your thoughts?

[tobe]

go for the new job, you dont get to the end of life wishing you had been more risk adverse. Being single, and with a fair amount of savings, the moons arent going to align any better for a shift.

Lets forsee the next time this job is advertised, now 33, married, kid on the way perhaps, mortgage etc, are you going to follow your dreams then?

 

[INVSTOR]

If you couldn't be bothered using your time to apply for the new job it sounds as though you really don't want it. If you wanted it you would be highly motivated.

 

[Aaron_C]

It is a massive risk - if I go for option 2 and it doesn't eventuate, I don't even have option 1 as a back up. Well, that isn't entirely true. I might be able to go back to my job, but I certainly won't be getting a pay rise for a long time and I will be languishing on a lower pay scale.

It's not a massive risk. It is a PAYG job - the definition of low risk. If you are going to procrastinate I would suggest you do it on a higher income rather than a lower one.

 

[BLTN]

go for the new job, you dont get to the end of life wishing you had been more risk adverse. Being single, and with a fair amount of savings, the moons arent going to align any better for a shift.

Lets forsee the next time this job is advertised, now 33, married, kid on the way perhaps, mortgage etc, are you going to follow your dreams then?

I'm going to apply for it.

I wouldn't say it is my dream job though - I have no idea what that would be. This just seems to be a good fit for my skill set and is apparently a very rewarding job and very enjoyable. You are also always highly in demand.

If you couldn't be bothered using your time to apply for the new job it sounds as though you really don't want it. If you wanted it you would be highly motivated.

I will apply for it. I'm just really nervous about the prospect of actually getting it. Firstly, I already picked up and leaved my existing job and I've only been back here a few months (after crawling back to them...). Picking up and leaving again would not awkward to say the least. Secondly, I've become acclimatised to the comfort I'm afforded at work.

I'm just not sure what I want anymore. But if this career did turn out to be as good as it is made out to be, I'm sure I would have more job satisfaction, and a higher pay grade to boot.

It's not a massive risk. It is a PAYG job - the definition of low risk. If you are going to procrastinate I would suggest you do it on a higher income rather than a lower one.

That is another consideration. A higher income would be a safer bet - if anything goes wrong with my investing, I would always be able to fall back on that. And if I DID have to work til I was 50 or 60, I would rather do it in a job I enjoy.

I think I will apply for this job and see how I go. I'll reconsider things when / if I get offered the job.

 

[thatbum]

...But if this career did turn out to be as good as it is made out to be...

In my experience, nearly all career paths are never as good as they are made out to be.

Grass is always greener and all that.

 

[depreciator]

I hope you'll tell us down the track what the job is.

And you'd better spill the beans sometime on that high paid weekend job that requires you to be in good shape and very confident about your body.

 

[Truly Exotic]

there is no right or wrong in investing or career choice

some people like risk, some people hate it,

one is not better then the other
do what you think is right and what your heart and mind desire, while taking in the advice of others especially those that have been there and done that,

im less inclined to take advice from someone who hasnt been there done that

no matter what qualifcations they have or how good they think they are

 

[INVSTOR]

I'm going to apply for it.

I wouldn't say it is my dream job though - I have no idea what that would be. This just seems to be a good fit for my skill set and is apparently a very rewarding job and very enjoyable. You are also always highly in demand.



I will apply for it. I'm just really nervous about the prospect of actually getting it. Firstly, I already picked up and leaved my existing job and I've only been back here a few months (after crawling back to them...). Picking up and leaving again would not awkward to say the least. Secondly, I've become acclimatised to the comfort I'm afforded at work.

I'm just not sure what I want anymore. But if this career did turn out to be as good as it is made out to be, I'm sure I would have more job satisfaction, and a higher pay grade to boot.



That is another consideration. A higher income would be a safer bet - if anything goes wrong with my investing, I would always be able to fall back on that. And if I DID have to work til I was 50 or 60, I would rather do it in a job I enjoy.

I think I will apply for this job and see how I go. I'll reconsider things when / if I get offered the job.

I know what you mean! Thinking back to when I was early twenties... I had a job interview for a reception job. Employers asked me what would be my ideal job. I said I wanted to get into Accounts. I got the job as receptionist. After 3 months they offered me a promotion into accounts. I knocked it back as I was in my comfort zone. They talked me into taking it. I was really quite bored with reception! Make sure if you change jobs, you give it longer than 3 months. I always find it takes that long to settle in.

 

[Shaneelastic]

Stripper? ?

 

[wylie]

I cannot help but wonder if you feel you "should" go for the higher paid job because it is in a field for which you have spent years studying?

All other things aside, if you don't go for the higher paid job will you be "wasting" years of study?

 

[BLTN]

Stripper? ?

No comment

I cannot help but wonder if you feel you "should" go for the higher paid job because it is in a field for which you have spent years studying?

All other things aside, if you don't go for the higher paid job will you be "wasting" years of study?

The way I see it, the study is a sunken cost (both in terms of time and dollars).

It is a really complicated decision for me because I just don't know what I want.

On the one hand, I want a job that is fulfilling and challenging (note that this job might be neither - I won't know until I get it). On the other hand, I just want to make enough money to fuel my investments and put my brain to good use there.

That said, reading some of the stuff on this forum makes me realise just how clueless I am when it comes to property investment. I literally know nothing and it is borderline depressing looking at just how far I have to go to be able to make a 'good' investment.

So if it turns out that I suck at investing and don't pick it up easily, it would definitely be better to have a higher paying job to fall back on. Again though, there is no guarantee that I actually will earn more money with the new job.

I really wish I had some kind of mentor with regards to property investment.

If I was confident that I could move forward and make good investment decisions (by 'good', I mean decisions that will improve my knowledge and wealth going forward), then I don't think there would be any need to apply for the other job as my existing capital and potential future earnings through my existing job (and potential side job) should be adequate.

 

[willair]

The point is though, it will take me maybe 5 years to go there. By which time I'll be approaching mid 30's.
.

5 years could be a bit slim on the time side once you break that down into weeks,and I don't think age or luck have anything to do with it either,what sort of income do you want in ten years?..

 

[jackbak]

If it's a financial decision take the job with the better pay prospects, not only will you earn more money but you'll have a greater borrowing capacity for your investing.

If it's a lifestyle decision stay were you are.

 

[BLTN]

5 years could be a bit slim on the time side once you break that down into weeks,and I don't think age or luck have anything to do with it either,what sort of income do you want in ten years?..

Honestly, I haven't thought about it.

The way I see it, I consider my future wealth at that point, not my future income.

If I stay at my existing job, the best I will be at is $120K+ (in today's dollars).

If I move to my new career, I honestly have no idea what I could be on, but I would say that $200K would be about the max (I really have no clue though, maybe you can earn a lot more than that).

I have to say though, it does bug me when I am talking to people from school or other people my age who are making a lot more than me simply because they chose better when it came to careers. I had the pick of the lot when I finished school - top grades, the world was my oyster. But I didn't have a clue what I wanted to do.

Indecision has been a very expensive personality trait of mine

I've got the book smarts, but no street smarts at all and it has cost me big time.

If it's a financial decision take the job with the better pay prospects, not only will you earn more money but you'll have a greater borrowing capacity for your investing.

If it's a lifestyle decision stay were you are.

Well it's an investment decision:

Do I forgo present income (by taking the pay hit) and lose a lot of my free time (that could be put towards learning about investing and getting my existing capital working for me) for the prospect of higher income say 4-5 years down the track (and much higher income in say 10 years).

Or do I use my existing income, bolstered (potentially) by a second job, and my existing spare capacity to fast track my investments and get my money working for me sooner.

Either choice is going to mean a big tax on my time - the former will be through more hours at work, the latter will be through more hours spent studying investment and property etc.

The other question is the lifestyle aspect of it - would I be happy staying in my existing job long term, cruising along, not really challenging myself. Or would I be happier in a more challenging job with more of a career in mind and better future prospects.

 

[HotRod]

The other question is the lifestyle aspect of it - would I be happy staying in my existing job long term, cruising along, not really challenging myself. Or would I be happier in a more challenging job with more of a career in mind and better future prospects.

That's a question only one person can answer.

 

[beachgurl]

My first thought was stripper too

You say you would be taking a huge pay cut but then you mention a 10k cut. If that is all you would be losing I say go for the new job. If you don't do investing now you will have an increased borrowing capacity to catch up later.

Property investing really isn't labour intensive once you've nailed your area. You could work that out by taking a few weeks annual leave and then let the agents keep in touch.

I say go for the challenge of working in your profession. If it doesn't work out for you at least you've given it a try. Being single, there's no time like the present to take a risk.

 

[Truly Exotic]

its pretty damn obvious its an escort or a stripper,

if he is good looking enough and buff enough, then Id say go for it, flash your assets

the only other alternatvie is something like personal trainer but I doubt they get paid that much unless you are training hugh jackman

 

[The Y-man]

Indecision has been a very expensive personality trait of mine

Uhhh...yeah....we can see that "analysis paralysis"

And that'll kill any investing decision too.

You might simply have to take the Nike factor and "just do it" - whatever it is, new job, investing etc.

The Y-man

 

[The Y-man]

- I'll be 27 this year, I am single and have no kids. However, I would like to find myself a girlfriend.

- My goal is to be financially free by 40. Broadly speaking, I want to build up enough wealth that my passive income is more than enough to live on.

Why not "financially free by 35", then you'll have more time to do the girlfriend search

The Y-man

 

[Shaneelastic]

Plenty of girlfriend searching while being a stripper, plenty of roots there