£5000 per week?
Discussion
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.
Podie said:
Lefty said:
MrFappyFappy said:
Defcon5 said:
What are your skills?
I'm a trained and qualified civil engineer. Defcon5 said:
Are you willing to risk going to prison for a decade?
Possibly (as long as the odds are in my favor).Edited by MrFappyFappy on Saturday 26th December 11:56
If you managed your tax affairs carefully you might manage it.
http://www.oilandgaspeople.com/news/5982/isis-look...
Generally rates are down, there were plenty of office-based guys in the UK and Norway making >£1k/day.
We were doing some projects down in the South of Iraq and regular discipline engineers were being offered 4-figure day rates with accommodation in-country and flights to Dubai every weekend provided. Possible to get that tax-free.
.
James19181 said:
If you want to earn £5k a week why on earth did you go in to engineering? It's completely missing the point. The point of engineering is you will work damn hard, not get paid enough, and love every minute of it
Go into finance, be rich and (probably) miserable
Why would finance make you more miserable than Engineering - people I know who have made switch do broadly similar work - but get paid 2-3x to do it?Go into finance, be rich and (probably) miserable
MrFappyFappy said:
What do you want to know?
I obtained A - levels, obtained civ eng degree with first class honors. Worked in industry for a number of years designing temporary/permanent works and set out permanent works in the field when required.
So if you are/where office based setup your own engineering practice and build it up for a number years to approx £5m in turnover and there you go if you manage it properly it will create £5k pw in profit for you. I obtained A - levels, obtained civ eng degree with first class honors. Worked in industry for a number of years designing temporary/permanent works and set out permanent works in the field when required.
However if your site based set yourself up as groundworks or structures subcontractor, again £5m pa in turnover will get you to your magic figure if your not a t
t and know how manage cashflow, for RC structures including concrete placement as an example you'd only need to win 7/8 decent jobs for the year. Pretty well all the plant can be hired for each job leaving only tools, consumables, materials and PPE as stuff you would need to buy.Alternatively if your after quick profits now go to eastern Europe or south America hire some hoes, *hint* street corners are good place to start but you'll need skills to defend yourself against other pimps
, rent a old house put webcams in each room and become a virtual pimp daddy. 
MrFappyFappy said:
JamieBeeston said:
Definitely rode a wave of luck 
I think our friends attitude says all it needs to about his chances of finding his own luck!
OP: Whilst PH is full of passionate, enthusiastic people whom you could learn from, Buy me a drink at a PH Social sometime and I'll happily talk to you, if you can find your way to some manners
All I can give you is respect if you are self made, but you've still not answered my question RE qualifications + day job. I think our friends attitude says all it needs to about his chances of finding his own luck!
OP: Whilst PH is full of passionate, enthusiastic people whom you could learn from, Buy me a drink at a PH Social sometime and I'll happily talk to you, if you can find your way to some manners
stuartmmcfc said:
Wacky Racer said:
An American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellowfin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.
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.”
A wise story. It's a pity more of us don't practice it 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.”
)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. 
MrFappyFappy said:
How can I make £5000 (preferably cash) per week, every week?
You could always hope that a Russian billionaire decides they want a court jester.
Rules for making money (revised, 2015).
1. Don't be a tool
2. Acquire underpants
3. ?
4. Make profit
You failed point 1, I'm afraid.
Edited by Doofus on Sunday 27th December 18:48
anonymous said:
[redacted]
We have quite a few contract PM's workmg for us, none are whom are anywhere close to a £1k a day, I'm guessing that must be Investment Banking or uber niche stuffOur business is Financial Services and we'd pay £800-£1k a day for a top flight Programme Director.
Back on topic - OP - start your own business or join a company that is going places, get some share options / LTIP scheme or become a contract Programme Director
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