Snooze Posted January 7, 2008 Share Posted January 7, 2008 You'll never make any money with a normal salary and a mortgage, as the cost of living will have all of that IMO Too true. The only people I know in regular employment who I would consider "wealthy" are the ones who are: a) "professional couples": ie. joint income > 60-80k+ b) late family starters: no kids until 30+ c) high on the property ladder: bought in the right place before 1995 Quote Link to comment Share on other sites More sharing options...
Chris Wilson Posted January 7, 2008 Share Posted January 7, 2008 I asked my accountant what was the best earner on his books. In the late seventies he had a few old peoples nursing homes on the books, and the bigger outfits were making a LOAD of dosh. Currently an Indian gentleman with an abortion clinic heads the big money list, with boatloads of young Irish girls beating a path to his services. Funny old world. Now where are my grans knitting needles... Quote Link to comment Share on other sites More sharing options...
saboteur Posted January 7, 2008 Share Posted January 7, 2008 if you want to make the big doe then you have to run your own business and eventually chain of businesses. if dont want to risk all that then a good place to start is in the city (london) in a finance role; stockbroker, hedge fund, trader, investment banker etc... which is what i'm going to be doing soon hopefully. If you dont have the qualifications for this, then certain skilled labour is very highly paid; plumber, builder, etc.... There's loads of opportunities, one just has to be perceptive enough to seize them! Quote Link to comment Share on other sites More sharing options...
jaymdee Posted January 7, 2008 Share Posted January 7, 2008 I'm currently doing a Masters Degree in Programme & Project Management, which is helping me gain skills & experience within the company I work for. I know some of the consultants I work with, who are not really any better than me, earn £1K a day, but they're established in their field and people think they're worth it. My aim is to get a few years under my belt and then see what's available contracting. Quote Link to comment Share on other sites More sharing options...
erol_h Posted January 7, 2008 Share Posted January 7, 2008 A helpin hand up always helps well i live at home with my parents and have been savin my balls off for the past 3yrs and still saving. Bought one property dnt know what im gona do with the next sum i save up. Quote Link to comment Share on other sites More sharing options...
saboteur Posted January 7, 2008 Share Posted January 7, 2008 Contracting is brilliant as you can run it as your own company which always has tax benefits! Oh and one other 'tip' on getting rich. No matter what company you work (as an employee), you will always be taxed as a PAYE which means almost half of your earnings go the queen! But if you have a business on the other hand.... Quote Link to comment Share on other sites More sharing options...
Chris Wilson Posted January 7, 2008 Share Posted January 7, 2008 Hands on jobs I would say can make good money are plumbers and gas fitters, if they are honest and willing to put the hours in, Cerebral jobs would include solicitors and barristers, surgeons and those mysterious people who work in the City, messing about with someone else's money. The next lewis Hamilton, or pop figure of the moment could expect a nice wedge. The adulation may drive you a tax haven, oh, sorry, a quieter place where you are less well known Quote Link to comment Share on other sites More sharing options...
Ian R Posted January 7, 2008 Share Posted January 7, 2008 Just get the sack knock up some bird and you will be racking it in. Quote Link to comment Share on other sites More sharing options...
saboteur Posted January 7, 2008 Share Posted January 7, 2008 Just get the sack knock up some bird and you will be racking it in. Many would be supprised how true this actually is. Esp people with many many children! Quote Link to comment Share on other sites More sharing options...
Chris Wilson Posted January 7, 2008 Share Posted January 7, 2008 Even in these multi cultural and stereotypically "equal" times, I still reckon where you went to school, and who you and your parents know counts for a lot. If I had kids I'd make damned sure they went to private school, no matter what. The state system rarely cuts the mustard in this country. There's always serious crime to fall back on, then you might meet some influential Ministers inside to get a leg up Quote Link to comment Share on other sites More sharing options...
jazz1 Posted January 7, 2008 Share Posted January 7, 2008 correct tasty food place in the correct location, i know a local burger shop near me its buisy 24/7 his turn over is over a million in that one shop Quote Link to comment Share on other sites More sharing options...
saboteur Posted January 7, 2008 Share Posted January 7, 2008 correct tasty food place in the correct location, i know a local burger shop near me its buisy 24/7 his turn over is over a million in that one shop wow! Thats impressive, esp as food is a commodity which has a very good profit margin! Though takeaways can be very hard graft! Quote Link to comment Share on other sites More sharing options...
Ian R Posted January 7, 2008 Share Posted January 7, 2008 correct tasty food place in the correct location, i know a local burger shop near me its buisy 24/7 his turn over is over a million in that one shop I find that hard to believe to turnover 1m p.a. at an average of £3 per burger on 365 days a year thats 913 burgers a day everyday can't see it myself. Most McDonalds only turnover 20 - 40k per week. Not that i'm desputing the fact though Quote Link to comment Share on other sites More sharing options...
Gaz Walker Posted January 8, 2008 Share Posted January 8, 2008 If I had 30k, I deffo buy a chippy/burger joint. Mounts of cash, don't have to declare all of it Quote Link to comment Share on other sites More sharing options...
jazz1 Posted January 8, 2008 Share Posted January 8, 2008 I find that hard to believe to turnover 1m p.a. at an average of £3 per burger on 365 days a year thats 913 burgers a day everyday can't see it myself. Most McDonalds only turnover 20 - 40k per week. Not that i'm desputing the fact though anyone on this forum heard of rocky`s on the bath road?, im serious dude you go there its always buisy my mates mate works there and he told him, the shop is located near heathrow airport on bath road where all the hotels are located Quote Link to comment Share on other sites More sharing options...
saboteur Posted January 8, 2008 Share Posted January 8, 2008 If I had 30k, I deffo buy a chippy/burger joint. Mounts of cash, don't have to declare all of it cash only! Quote Link to comment Share on other sites More sharing options...
saboteur Posted January 8, 2008 Share Posted January 8, 2008 anyone on this forum heard of rocky`s on the bath road?, im serious dude you go there its always buisy my mates mate works there and he told him, the shop is located near heathrow airport on bath road where all the hotels are located There's one similar to that which is off great west road and that is hugely successful I'm told! Quote Link to comment Share on other sites More sharing options...
Ian R Posted January 8, 2008 Share Posted January 8, 2008 anyone on this forum heard of rocky`s on the bath road?, im serious dude you go there its always buisy my mates mate works there and he told him, the shop is located near heathrow airport on bath road where all the hotels are located Ahh if your mates mate told you and the boss told he its got to be true then thats settled Quote Link to comment Share on other sites More sharing options...
Dave Haggas Posted January 8, 2008 Author Share Posted January 8, 2008 Have none of you got work tomorrrow? I have and Im lovin it. Quote Link to comment Share on other sites More sharing options...
jazz1 Posted January 8, 2008 Share Posted January 8, 2008 honestly dude find a good location if your serious about making money without using your brain then find a good spot like near a university and open a nice tasty food place Quote Link to comment Share on other sites More sharing options...
Jurgen-Jm-Imports Posted January 8, 2008 Share Posted January 8, 2008 If I had 30k, I deffo buy a chippy/burger joint. Mounts of cash, don't have to declare all of it wanna be partners Quote Link to comment Share on other sites More sharing options...
mikeyb10supra Posted January 8, 2008 Share Posted January 8, 2008 My top tips are save save and save, the work your way up the property ladder, ive set up ISA's high interest accounts and a good pension that has been going a while, only a lucky few are rich from an early age, usually having lost wealthy parents or making it big in the business world! So my 3 tips 1) Save save save 2)work your way up the property ladder continually stretching yourself 3) cut down drastically nights out pissing money up the pub urinal...still go out but cut down, make your own lunch for work, dont buy things you dont really need and budget for things, dont take out more than you earn and above all be realistic All the ideas above are great work ideas, but you need to think about long term hapiness as well, I see someone mentioned traders/stock brokers as a career? have you looked into it properly? I have worked in banks in London and an analyst by trade, I can tell you some of the hedge fund guys, asset managers, traders etc I see walking round the city look like zombies they really do, there worked stupid with no rest and I would say 99% are unhappy even though there commanding a 6 figure salary. My job im in now I took a salary cut in return for a less stressful environment and it couldn't be better.....best thing I have done work wise Quote Link to comment Share on other sites More sharing options...
Dave Haggas Posted January 8, 2008 Author Share Posted January 8, 2008 My top tips are save save and save, the work your way up the property ladder, ive set up ISA's high interest accounts and a good pension that has been going a while, only a lucky few are rich from an early age, usually having lost wealthy parents or making it big in the business world! So my 3 tips 1) Save save save 2)work your way up the property ladder continually stretching yourself 3) cut down drastically nights out pissing money up the pub urinal...still go out but cut down, make your own lunch for work, dont buy things you dont really need and budget for things, dont take out more than you earn and above all be realistic Top tips,sounds ok. Quote Link to comment Share on other sites More sharing options...
Dragonlady Posted January 8, 2008 Share Posted January 8, 2008 From what I have seen the successfully people (who have earned their own wealth) are risk takers putting everything on the line, and in some cases losing it all and then restarting again. I take my hat off to them as that takes some bottle. Quote Link to comment Share on other sites More sharing options...
ellis Posted January 8, 2008 Share Posted January 8, 2008 If you want to know how to make serious amounts of money really easily, just send me £30 and I'll tell you the secret!! Quote Link to comment Share on other sites More sharing options...
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