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Forum » Wealthy Miscers Share Any Advice - Tired of Rat Race
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Thread: Wealthy Miscers Share Any Advice - Tired of Rat Race

post 1559883421 08-28-2018, 07:25 AM
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#31
  1. Beararms
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IT field? Aint happening sadly. You can easily clear 100k though with CISSP/CCNP and work from there. Find a side hustle that's lucrative and that you enjoy. Don't wait to long though. Any ideas you have more than likely have been thought about and someone can be working on them.
post 1559883701 08-28-2018, 07:28 AM
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#32
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Originally Posted By Beararms⏩
IT field? Aint happening sadly. You can easily clear 100k though with CISSP/CCNP and work from there.
Can probably clear more than $100k with CISSP working for gov't contractor, but CISSP is a big leap from network engineer and it's not like you can just go and get it one day when you feel like it.
Don't hit at all if it is honorably possible to avoid hitting; but never hit softly.
post 1559884001 08-28-2018, 07:32 AM
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#33
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Originally Posted By Kawhilights⏩
Full disclosure, I'm currently at $90k salary, but work only 40 hours per week. Six times per year I am on call for a week. Also I live in Kansas City, KS, so the salary is okay in my area.

Having said that I'm done being 'ok.'. I want to be in the $300k range at the very least (net). I know there are some very well off bros here and am hoping they would share any tips or advice. Of course not asking for any secrets that would create competition for anyone, but any advice is very much appreciated.

Currently I'm a network engineer that works from home, which is very nice, but like I said I'm done being a small cog.
Let me hit you with some reality.

You will not command that type of salary ($300K) without owning your own business or having some type of high level executive position in a medium to large sized firm. You will likely to need to achieve a VP status where you bring in business/clientèle to the company and generate significant revenue. You're a network engineer, why would they pay you nearly $300k when they could fire you and pay another person $90k to also do an adequate job?
<HTC>
post 1559884721 08-28-2018, 07:42 AM
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#34
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People who chase wealth never feel fulfilled. You're treading down a dangerous path OP.
post 1559885341 08-28-2018, 07:51 AM
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#35
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Originally Posted By GM54⏩
Let me hit you with some reality.

You will not command that type of salary ($300K) without owning your own business or having some type of high level executive position in a medium to large sized firm. You will likely to need to achieve a VP status where you bring in business/clientèle to the company and generate significant revenue. You're a network engineer, why would they pay you nearly $300k when they could fire you and pay another person $90k to also do an adequate job?
But he isn't asking how to make 300k doing his current role, but how to get out of the rat race.
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post 1559885901 08-28-2018, 07:59 AM
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#36
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Originally Posted By WorldWarZ⏩
Lateral movements. You need to switch employers and with that comes a raise. Leverage any better offers with a new company to make your current employment even better. Go wherever the money is. After two or three moves within a 4 to 6 year period you'll be making significantly more...not quite 300k but it's not unrealistic for you to be > 150k.
for most people, in most industries.. that's rubbish.


Tech, medicine, maybe law.. sure, if you have a real aptitude and work very hard. That's not most people. Take Busta for example. I'm sure he works very hard delivering the mail, when he's not chucking heavy stuff in the skip, but lets say he knuckles down and actually completes his round on time. What then? Give him a van instead of a bike? Shift supervisor? Sorting office manager? What does that get him, 50k, 60k?
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post 1559885921 08-28-2018, 07:59 AM
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Originally Posted By MrAWatts⏩
But he isn't asking how to make 300k doing his current role, but how to get out of the rat race.
Understood. I still explained that in my post.
<HTC>
post 1559889831 08-28-2018, 08:48 AM
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#38
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If you're a network engineer OP just get your C C I E R&S and maybe **** Security and you can make 200k + srs, you could start your own business consulting

I know C C I E takes years and thousands to sit but could be a worthwhile investment

Btw I am not wealthy but from what I've seen in Networking and from positions listed the C C I E track seems to pay incredibly well (unfortunately one of the toughest exams on the planet, but that's why its valuable)

EDIT: bb.com never ceases to amaze me, C C I E is censored...amazin'
post 1559890191 08-28-2018, 08:53 AM
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#39
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Originally Posted By DirtyDon123⏩
If you're a network engineer OP just get your C C I E R&S and maybe **** Security and you can make 200k + srs, you could start your own business consulting

I know C C I E takes years and thousands to sit but could be a worthwhile investment

Btw I am not wealthy but from what I've seen in Networking and from positions listed the C C I E track seems to pay incredibly well (unfortunately one of the toughest exams on the planet, but that's why its valuable)

EDIT: bb.com never ceases to amaze me, C C I E is censored...amazin'
Lmaooooo


C C I E sluts gone wild
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post 1559890521 08-28-2018, 08:58 AM
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#40
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Originally Posted By WorldWarZ⏩
Lateral movements. You need to switch employers and with that comes a raise. Leverage any better offers with a new company to make your current employment even better. Go wherever the money is. After two or three moves within a 4 to 6 year period you'll be making significantly more...not quite 300k but it's not unrealistic for you to be > 150k.
Some of the worst advice ITT.
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post 1559891171 08-28-2018, 09:07 AM
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Originally Posted By WorldWarZ⏩
Lateral movements. You need to switch employers and with that comes a raise. Leverage any better offers with a new company to make your current employment even better. Go wherever the money is. After two or three moves within a 4 to 6 year period you'll be making significantly more...not quite 300k but it's not unrealistic for you to be > 150k.
You’re not getting 60k more per year without taking on a different role with more responsibility, more hours, etc etc
post 1559891361 08-28-2018, 09:09 AM
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#42
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Originally Posted By Jacobcapra⏩
Some of the worst advice ITT.
Disagree tbh. This modern work landscape is different than it used to be. Being loyal to a company beyond a few years is going to cost you money until you get into the upper range of pay for your field/position. Making a move from one employer to another every couple of years can net a 20%+ raise whereas staying at the same place will mean 2-5% industry standard raise annually.

I leveraged this exact same technique and preach it to everyone. I tripled my pay with my last move, over a 100k raise. I have changed roles every few years to get to where I am at, extracting max value at each role to take with me to the next, and then when I had nothing left to learn and needed a new challenge with increase in pay - onto the next, with a good raise each time.
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post 1559891481 08-28-2018, 09:11 AM
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#43
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Do you live to work or work to live OP?
𝗣𝗨𝗥𝗘𝗕𝗟𝗢𝗢𝗗
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ᗪIᔕᑕᖇIᗰIᑎᗩTIOᑎ E᙭ᑕᒪᑌᔕIOᑎ IᑎᗪOᑕTᖇIᑎᗩTIOᑎ
post 1559892211 08-28-2018, 09:21 AM
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#44
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Originally Posted By MrAWatts⏩
Disagree tbh. This modern work landscape is different than it used to be. Being loyal to a company beyond a few years is going to cost you money until you get into the upper range of pay for your field/position. Making a move from one employer to another every couple of years can net a 20%+ raise whereas staying at the same place will mean 2-5% industry standard raise annually.

I leveraged this exact same technique and preach it to everyone. I tripled my pay with my last move, over a 100k raise. I have changed roles every few years to get to where I am at, extracting max value at each role to take with me to the next, and then when I had nothing left to learn and needed a new challenge with increase in pay - onto the next, with a good raise each time.
Changing roles isn't a lateral move tho, a lateral move is hopping into the same role with a different company. Moving into more senior roles with more responsibility and higher pay is what I would call standard progression. Hopping companies makes sense if you're not advancing at your current company, have become too comfortable, are looking for different experience/perspectives, or whatever


But Company D isn't paying 150k for the same role bringing in 90k at Company A
post 1559892511 08-28-2018, 09:24 AM
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#45
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Originally Posted By Kawhilights⏩
Full disclosure, I'm currently at $90k salary, but work only 40 hours per week. Six times per year I am on call for a week. Also I live in Kansas City, KS, so the salary is okay in my area.

Having said that I'm done being 'ok.'. I want to be in the $300k range at the very least (net). I know there are some very well off bros here and am hoping they would share any tips or advice. Of course not asking for any secrets that would create competition for anyone, but any advice is very much appreciated.

Currently I'm a network engineer that works from home, which is very nice, but like I said I'm done being a small cog.
You make close to six figures a year, working 40 hours a week from home - and you are 'tired' of the rat race?

Do you realize a pay bump is going to cost you a lot of time and money in addition to an increase in work hours? Which would negate the entire point of this thread as it will only push you further down the rat race?
PubMed and Chiral Centers be Damned ~
post 1559892801 08-28-2018, 09:27 AM
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#46
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Originally Posted By jaimeruiz99⏩
You make close to six figures a year, working 40 hours a week from home - and you are 'tired' of the rat race?

Do you realize a pay bump is going to cost you a lot of time and money in addition to an increase in work hours? Which would negate the entire point of this thread as it will only push you further down the rat race?
180k here 40 hours a week and feel the same as OP. Its never enough and until you aren't at the mercy of a corporation for your paycheck, I think that is just how some people are going to feel. Plan to escape it myself via aggressive investing.

Originally Posted By Destor⏩
Changing roles isn't a lateral move tho, a lateral move is hopping into the same role with a different company. Moving into more senior roles with more responsibility and higher pay is what I would call standard progression. Hopping companies makes sense if you're not advancing at your current company, have become too comfortable, are looking for different experience/perspectives, or whatever


But Company D isn't paying 150k for the same role bringing in 90k at Company A
You'd be surprised but that is incorrect. Companies have to be more aggressive with pay packages to get talent who are on the open market, vs retaining talent. Once they have you, you are on the standard progression of 2-5% a year. If you have a competitor company who is looking to acquire solid talent they could offer you 10-15k more per year so same role. I have seen it a million times and experienced it multiple times myself.

And my job now that pays 180 is the same as my last job that paid 70. They are both inside sales. The difference? Mid market/corporate customers vs SMB/resellers. Same title and responsibilities basically, but different tax bracket.
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post 1559893091 08-28-2018, 09:31 AM
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#47
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Originally Posted By MrAWatts⏩
180k here 40 hours a week and feel the same as OP. Its never enough and until you aren't at the mercy of a corporation for your paycheck, I think that is just how some people are going to feel. Plan to escape it myself via aggressive investing.
What age were you when you started your first sales job?

How did you start out?
Srs
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post 1559893121 08-28-2018, 09:32 AM
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#48
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Originally Posted By Pozy⏩
What business did you rich bros start?
. A go fund me for a Nigerian prince
post 1559893341 08-28-2018, 09:34 AM
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#49
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If you want to get to >$300K, you'll have double down on the rat race. You can't leave the rat race. You have to be on call at all times and consistently work at least 50-60 hour weeks, with the occasional 80+ hour week. This applies to most corporate management jobs, all investment banking jobs, and all large law firm jobs. Surgeons can make over $300K with decent hours, but they have to go through about a decade of hell first and accumulate substantial debt during that period. It's possible that you could get lucky and make an extremely lucky investment (e.g., early bitcoin) or invent and patent something valuable, but the odds are very low. If you want a consistent, predictable path to wealth, expect pain and hardship.

Short answer: There is no easy (and consistent) way.
Take it easy Christian
post 1559893981 08-28-2018, 09:42 AM
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#50
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Originally Posted By Tornach⏩
What age were you when you started your first sales job?

How did you start out?
Srs
Actually started at 18 working at an authorized reseller for AT&T. Didn't intend to make anything of it was just a decent job for that age. Liked it and eventually got a job at a corp store. Over the years did time at att, verizon and tmo. Eventually left sales for a bit to start my startup. Did that for a year and once that classic cash-flow problem caused it to shut down got back into sales at a tech company using my previous mobile sales + startup experience. Eventually leveraged that into current position when recruiters found me on Linkedin. Have a thread in career section about how to properly utilize Linkedin as well as it can be a huge tool in your belt for career success.
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post 1559894411 08-28-2018, 09:49 AM
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#51
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Originally Posted By MrAWatts⏩
Actually started at 18 working at an authorized reseller for AT&T. Didn't intend to make anything of it was just a decent job for that age. Liked it and eventually got a job at a corp store. Over the years did time at att, verizon and tmo. Eventually left sales for a bit to start my startup. Did that for a year and once that classic cash-flow problem caused it to shut down got back into sales at a tech company using my previous mobile sales + startup experience. Eventually leveraged that into current position when recruiters found me on Linkedin. Have a thread in career section about how to properly utilize Linkedin as well as it can be a huge tool in your belt for career success.
Interesting. Hadtodoit suggested starting out with phone sales too. What type of business did you operate?
Would you avoid becoming a real estate agent? (For a younger guy)
On r/c!
Rustling NPCs' jimmies without even trying crew

"I've watched a lot of movies, I know what I'm doing."

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Not going to be a Darkseeker crew.


RIP Duckenheimer
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post 1559894871 08-28-2018, 09:53 AM
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Originally Posted By MrAWatts⏩
Have a thread in career section about how to properly utilize Linkedin as well as it can be a huge tool in your belt for career success.
link? Can't find it m8
post 1559895651 08-28-2018, 10:03 AM
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#53
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Originally Posted By Tornach⏩
Interesting. Hadtodoit suggested starting out with phone sales too. What type of business did you operate?
Would you avoid becoming a real estate agent? (For a younger guy)
On r/c!
Phone sales is great to start with because you can make 50-60k as long as you aren't lazy/stupid. If you show up and can do what you are supposed to, its good money and too many people get comfortable with that income and do it forever - you have to see it as a stepping stone though. Tradeoff is retail hours of course.

RE can be good money but I think it's much better to be involved in RE as an investor whether flipping or renting, but it takes a little capital to get started - save up 20k for down payment on first property and get the ball rolling.

Originally Posted By MetroBrah⏩
link? Can't find it m8
Here you go brah, hope it helps. The info in this thread is what I do myself and it has consistently helped me to be in consideration for several solid opportunities, including current job.


https://forum.obnoxiousbrutes.com/showt...1&pagenumber=1
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post 1559895751 08-28-2018, 10:04 AM
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#54
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Originally Posted By MrAWatts⏩
You'd be surprised but that is incorrect. Companies have to be more aggressive with pay packages to get talent who are on the open market, vs retaining talent. Once they have you, you are on the standard progression of 2-5% a year. If you have a competitor company who is looking to acquire solid talent they could offer you 10-15k more per year so same role. I have seen it a million times and experienced it multiple times myself.

And my job now that pays 180 is the same as my last job that paid 70. They are both inside sales. The difference? Mid market/corporate customers vs SMB/resellers. Same title and responsibilities basically, but different tax bracket.
You can job hop and get 10-15k for sure, but you're not going to hop four times across the same role and get +15k each hop. If you're taking on different roles or are changing other aspects of your job then yeah, but that's not lateral movement. I guess maybe it's insinuated that your role is changing if you're hopping over 4-6 years

Why isn't everyone working jobs targeting those customers if it pays so much more? Heavy competition for the spots?
post 1559895991 08-28-2018, 10:08 AM
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#55
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Originally Posted By Destor⏩
You can job hop and get 10-15k for sure, but you're not going to hop four times across the same role and get +15k each hop. If you're taking on different roles or are changing other aspects of your job then yeah, but that's not lateral movement. I guess maybe it's insinuated that your role is changing if you're hopping over 4-6 years

Why isn't everyone working jobs targeting those customers if it pays so much more? Heavy competition for the spots?
Yeah I would consider it a lateral movement from a "role" perspective. You may technically be a bit higher if you go from a level 1 to a level 2 or something, but still same boat with better pay grade. I'd say it wouldn't be considered lateral if you move into a different role such as leadership or something.

And yeah heavy competition. The higher up the Fortune ladder, the more selective. Generally you get recruited rather than apply.
535 deadlift.
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post 1559896371 08-28-2018, 10:14 AM
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#56
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Remuneration has several hurdles to break through:

- $80,000 you need to ensure that the career you have picked offers salaries around this mark for junior roles
- $100,000 should be your target by 30 years of age
- Salary should exceed $200,000 by the time you are mid 30's
- If you fail here, this is where you will compete with very smart, capable and psychotic individuals, you will get "counselled out" and may struggle to get back on track. If you break through here, and keep your job for another 10 years, you will be looking at around $500-600,000 total compensation. Post this, you will be at executive management level with the opportunity to break through the million mark by your late 40's

It should not be hard to break through $100,000 by 30. It's extremely hard to get beyond $200,000 salary as it's the first level where you will be stretched with profit management, team management and market making skills.

All levels require endless butt hole licking and serving the egos of all the seniors. It's also loaded with mines and grenades deployed to take you down.

Have fun boyos.
"The manlet is a savage beast that knows no moral bound. After falling in disgrace to a manmore, a ravaged manlet would not hesitate to come from behind and land a sucker punch/ swing with a rock to the back of a manmore's head. They are ruthless and you need to spend some more time in the gutter to even begin trying to comprehend what goes on in their minds."

Hurt by the aleeboy and need to cope? Go here for hugs: https://forum.obnoxiousbrutes.com/showthread.php?t=178724011
post 1559896801 08-28-2018, 10:22 AM
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#57
  1. turdburglar9021
  2. Registered User
  1. turdburglar9021
  2. Registered User
  3. Join Date: Dec 2013
  4. Posts: 1,709
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High income is not wealth. This is probably one of the biggest fallacies instilled in the masses. Build assets not income.
post 1559897001 08-28-2018, 10:25 AM
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#58
  1. esmile
  2. We're all gonna make it.
  1. esmile
  2. We're all gonna make it.
  3. Join Date: Apr 2009
  4. Age: 34
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Originally Posted By Jax05⏩
$300k in IT field isn't happening unless you're maybe CTO at some big company or start your own business and it takes off.
Totally untrue. 300k salary, yeah probably not, but 300k TC 100% is possible with RSUs and Bonus
ok
post 1559897371 08-28-2018, 10:28 AM
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#59
  1. Ratfish
  1. Ratfish
  3. Join Date: Jul 2009
  4. Location: Portland, Oregon, United States
  5. Posts: 113,850
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my advice would be to do current job but try to get down closer to 30 hours a week

freedom, time and health are the only true forms of wealth srs
Make Europe Germany Again
post 1559898291 08-28-2018, 10:36 AM
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#60
  1. DrFeeIGood
  2. Registered User
  1. DrFeeIGood
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  3. Join Date: Feb 2008
  4. Posts: 9,233
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LOL @ all the dudes in here giving advice who make under $100k a year LMFAO
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