£5000 per week?
Discussion
jimothy said:
DanL said:
98elise said:
Agreed, but a top PM on large projects could get 1k per day.
PM on financial IT projects could achieve that too, if they were good. johnwilliams77 said:
Weary of internet morons said:
MrFappyFappy said:
JamieBeeston said:
Learn to kick/bat/club a ball around better than 99.99% of other people!
Otherwise grow up and educate yourself in a career path that could facilitate this easily (Financial or Medical to name a pair!)
I'm 30 years old. I'm too old to be a competitive sportsman, I can't stand blood, disease or death and I'm unwilling to sell my sole and every waking hour as an investment banker.Otherwise grow up and educate yourself in a career path that could facilitate this easily (Financial or Medical to name a pair!)
Shouldn't it have read 'walking'?
db10 said:
Become a partner in a big 4 accounting firm will get you there, not in cash though
You're right. But you need to have invested heavily in the years leading up to that to both get the experience and contacts necessary to be successful as a Partner as well as the 6-figure cash investment you may need to pay up front to be said Partner.Then, once there, you need to be working flat out for many hours per day and often in different countries generating the business.
JamieBeeston said:
Wacky Racer said:
Fastpedeller said:
Hoofy said:
The easiest thing to do is live within your means and only want what you already have, and you'll feel just as rich as someone on £5k a week.
"But I'll never own a 6 bedroom house in Kensington, a Bugatti and my own island in the Maldives."
"That's the whole point. You decide that you don't want that stuff. You don't need that stuff."
+1 for the above."But I'll never own a 6 bedroom house in Kensington, a Bugatti and my own island in the Maldives."
"That's the whole point. You decide that you don't want that stuff. You don't need that stuff."
You can be the richest man in the World if you are content with what you have!!
The Mexican replied, “only a little while. The American then asked why didn’t he stay out longer and catch more fish? The Mexican said he had enough to support his family’s immediate needs. The American then asked, “but what do you do with the rest of your time?”
The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siestas with my wife, Maria, stroll into the village each evening where I sip wine, and play guitar with my amigos. I have a full and busy life.” The American scoffed, “I am a Harvard MBA and could help you. You should spend more time fishing and with the proceeds, buy a bigger boat. With the proceeds from the bigger boat, you could buy several boats, eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing, and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then LA and eventually New York City, where you will run your expanding enterprise.”
The Mexican fisherman asked, “But, how long will this all take?”
To which the American replied, “15 – 20 years.”
“But what then?” Asked the Mexican.
The American laughed and said, “That’s the best part. When the time is right you would announce an IPO and sell your company stock to the public and become very rich, you would make millions!”
“Millions – then what?”
The American said, “Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siestas with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”
The one thing everyone always misses from that story is ..... security
The chap is ok now so long as the fish are there... but what happens if one day he goes out and there are no fish, nor the next, or the next.. due to some natural event, or pollution etc..
what if he is injured, and can no longer fish, or has cancer or any of the other maladies in life that come along out of the blue when we least expect them...
Then his family will starve and he will be in ruins.. he has no pension or safety, he cant help his kids out and he cant take sick leave!
We scoff at the Americans way, however once he's IPO'd, he has security for life...
The real question I suppose here, is not what quality of life do you want, but how much mental freedom and leisure time are you willing to sacrifice to ensure you secure a future for you and your family!
It shouldn't be a binary answer, however I've tended to find it is .. mostly.
OP, if this thread really is a serious one (I am suspecting otherwise) then perhaps you should start with what it is you actually want out of life. As others have already said, if you need a house in Chelsea, a Koenigsegg for weekends and a Rarri to get to work in, plus holdays galore every year in the worlds most expensive resorts/islands then £5k a week disposable wont do it. If a decent house, a mid range modern car and one 2 week holiday a year to Europe or the cheaper parts of the Caribbean will do, then far less than £5k a week is required. In fact, £5k per month (disposable) would probably see to that.
Alternatively, be a real eye turner and bag yourself a wealthy lady/man. Good luck.
ps...I imagine that the senior partner/directors of the largest civil engineering firms in the country earn less than £5k per week disposable. Someone may be along to contradict this but I have my doubts.
Alternatively, be a real eye turner and bag yourself a wealthy lady/man. Good luck.
ps...I imagine that the senior partner/directors of the largest civil engineering firms in the country earn less than £5k per week disposable. Someone may be along to contradict this but I have my doubts.
rfisher said:
Well ok, yes not a total breeze, but at least it's a realistic possibility, and you can start a business without that much initial expenditure.
As with many things in life, the devil is in the detail.
It's not realistic for the OP since he doesn't have much money to spend it seems.As with many things in life, the devil is in the detail.
Devil is in the detail.
rfisher said:
Well ok, yes not a total breeze, but at least it's a realistic possibility, and you can start a business without that much initial expenditure.
As with many things in life, the devil is in the detail.
….and yield 5k a week? I'd say it's nothing more than a pipedream for most.As with many things in life, the devil is in the detail.
anyhow the thread started around 4 years ago so I guess if he did follow the advice of a business he could update us just how easy it was. Just a guess but I'd suggest he may not be running a business giving him 5k a week!! Love to be proved wrong though!
DSLiverpool said:
If you started a business and grew it to be capable of paying you £240k pa that business will be worth a fortune. Sell it and drawdown £5k a week until it runs out. Chances are you’ll be too old, knackered or changed in outlook to still need it.
I have seen some of your business threads - is it quite easy then???Gassing Station | Business | Top of Page | What's New | My Stuff