Why does nobody talk about the best investment possible!?
Why does nobody talk about the best investment possible!?
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ringram

Original Poster:

14,701 posts

278 months

Wednesday 4th April 2018
quotequote all
Of course Im talking about investing in yourself.

https://www.cnbc.com/2017/10/04/warren-buffett-say...

Its not as if this isnt obvious. I think its because everyone in inherently lazy and a quick buck is how people think you get ahead.

But any sliver of time spend analysing what the great business owners did to get where they are turns up the same thing. Grit, determination and perseverance. The same applies for sports stars.

For example a single IT qualification will get you a £40-50K salary right off the bat no need to go to University. Im sure Electricians, plumbing etc are all the same. But thats just the start. To take it to the next level you need to keep investing and compounding. Being a national/region authority on just about any topic will make you 6 figures easy.

I know guy that started his IT career on £30k and less than 10 years later after lots of study now earns £250k. I know this because I hired him.

Im just using IT as an example. But there are many other sectors that will do the same. STEM topics are obviously in demand these days. But these are just examples.

Ultimately anyone complaining of not earning enough has themselves to blame. Information is free on the internet. You can study anything at zero cost. Excuses are just that. Each decision you make takes you closer or further from your goals.

Investing is where to put your earnings. NOT where you earn them in the first place.


was8v

2,013 posts

225 months

Wednesday 4th April 2018
quotequote all
ringram said:
For example a single IT qualification will get you a £40-50K salary right off the bat no need to go to University.
Really? What is this qualification?

NordicCrankShaft

1,957 posts

145 months

Wednesday 4th April 2018
quotequote all
Same, would love to know.

Is the IT market not over saturated?

feef

5,209 posts

213 months

Wednesday 4th April 2018
quotequote all
was8v said:
ringram said:
For example a single IT qualification will get you a £40-50K salary right off the bat no need to go to University.
Really? What is this qualification?
Dunno. I'm in that salary range without any qualifications due to teaching myself programming initially and then moving into SQL development which I don't feel is especially 'complex' compared to some IT/Development disciplines.

However, even if someone had all the qualifications on the planet in SQL development, I wouldn't offer them a £40-50K role without the commensurate experience


Anecdotally, Java is the one discipline I always hear touted as one where you can walk into £40K a year however, the roles you see advertised as such tend to be more senior roles. The entry levels roles in the 20s and 30s tend to be multi language requiring a multitude of abilities in Python, Java and others

Derek Chevalier

4,667 posts

203 months

Wednesday 4th April 2018
quotequote all
ringram said:
Of course Im talking about investing in yourself.

https://www.cnbc.com/2017/10/04/warren-buffett-say...

Its not as if this isnt obvious. I think its because everyone in inherently lazy and a quick buck is how people think you get ahead.

But any sliver of time spend analysing what the great business owners did to get where they are turns up the same thing. Grit, determination and perseverance. The same applies for sports stars.

For example a single IT qualification will get you a £40-50K salary right off the bat no need to go to University. Im sure Electricians, plumbing etc are all the same. But thats just the start. To take it to the next level you need to keep investing and compounding. Being a national/region authority on just about any topic will make you 6 figures easy.

I know guy that started his IT career on £30k and less than 10 years later after lots of study now earns £250k. I know this because I hired him.

Im just using IT as an example. But there are many other sectors that will do the same. STEM topics are obviously in demand these days. But these are just examples.

Ultimately anyone complaining of not earning enough has themselves to blame. Information is free on the internet. You can study anything at zero cost. Excuses are just that. Each decision you make takes you closer or further from your goals.

Investing is where to put your earnings. NOT where you earn them in the first place.
Agreed that the IT sector was a great place to be in the mid 2000s - people I knew were on ~£700/day with a few years experience. Not sure the rewards (in contracting space) are as great as they used to be?

ringram

Original Poster:

14,701 posts

278 months

Wednesday 4th April 2018
quotequote all
Dont get caught up on the details. The principle counts.

But as a FYI https://aws.amazon.com/certification/ any pro level here will get you there. You cant be a paper cert as there is a lot of hands on.


TheAngryDog

13,242 posts

239 months

Wednesday 4th April 2018
quotequote all
I've been in IT for 20 years, never been in the 40k to 50k bracket. Would love to be. The jobs I see advertised and have been approached about outside of London tend to be in the 30's. Even with quals I don't think you're guaranteed big money these days.

ringram

Original Poster:

14,701 posts

278 months

Wednesday 4th April 2018
quotequote all
Good attitude. Carry on wink

NickCQ

5,392 posts

126 months

Wednesday 4th April 2018
quotequote all
ringram said:
Dont get caught up on the details. The principle counts.
The rallying cry of ineffective leaders everywhere wink

feef

5,209 posts

213 months

Wednesday 4th April 2018
quotequote all
TheAngryDog said:
I've been in IT for 20 years, never been in the 40k to 50k bracket. Would love to be. The jobs I see advertised and have been approached about outside of London tend to be in the 30's. Even with quals I don't think you're guaranteed big money these days.
yeah, AWS does seem to be the new CCNA or MCSE

mikees

2,891 posts

202 months

Wednesday 4th April 2018
quotequote all
TheAngryDog said:
I've been in IT for 20 years, never been in the 40k to 50k bracket. Would love to be. The jobs I see advertised and have been approached about outside of London tend to be in the 30's. Even with quals I don't think you're guaranteed big money these days.
What role ? Support? Dev? Test?

Just being nosey.

I would have thought more than 30 easy for a senior dev in SE.

M

mikeh501

800 posts

211 months

Wednesday 4th April 2018
quotequote all
developers of any description are impossible to find! definantly not a saturated market. A decent dev with a few years under their belt can walk out of a job on Monday and have 3-4 offers by Friday.

20-25k graduates (comp sci), in 2-3 years 35k and then around 45-50k for a senior dev within 5 years, moving upto 60k for a team lead. These rates within a few K can be found anywhere in the country pretty much.

Most half decent devs are contracting these days. 350-500 pd...... not hard to see why.

Devops is the next thing. Rates are already ridiculous and its a bit wild west in terms of experience.

RDMcG

20,865 posts

237 months

Wednesday 4th April 2018
quotequote all
Highly successful people have enormous drive and work harder than you can imagine. I have dealt with many of them and there is a surprising consistency. They fail periodically and like losing a life in a video game immediately pick themselves up and resume.

I reported to a man who had a personal net worth of $7 billion. He had a bedroom attached to his office so he could sleep if he was in a big deal

I have met a great number of people who are household names. They were driven from their teens. They are unstoppable, merciless,warriors, and incredibly impressive.

They love,love what they do and not one of them would say on their deathbed that they wished they had spent less time in the office.

They think big and morph ahead of change. Endlessly curious , huge egos , unstoppable.
I said goodbye to my boss two days before he died. He knew it was the end and was closing a deal.

I told him that despite the fact that we had fought often, that he had fired me often, I would do it again in a heartbeat. You make your own luck.

joyless lobotomised parrot

5,637 posts

141 months

Wednesday 4th April 2018
quotequote all
RDMcG said:
Highly successful people have enormous drive and work harder than you can imagine. I have dealt with many of them and there is a surprising consistency. They fail periodically and like losing a life in a video game immediately pick themselves up and resume.

I reported to a man who had a personal net worth of $7 billion. He had a bedroom attached to his office so he could sleep if he was in a big deal

I have met a great number of people who are household names. They were driven from their teens. They are unstoppable, merciless,warriors, and incredibly impressive.

They love,love what they do and not one of them would say on their deathbed that they wished they had spent less time in the office.

They think big and morph ahead of change. Endlessly curious , huge egos , unstoppable.
I said goodbye to my boss two days before he died. He knew it was the end and was closing a deal.

I told him that despite the fact that we had fought often, that he had fired me often, I would do it again in a heartbeat. You make your own luck.
...and yet this guy, who they say didn't have two pennies to rub together, will still be worshipped on their knees by millions worldwide for thousands of years after all those rich guys have been long long forgotten.

http://cdn3.thr.com/sites/default/files/2016/08/je...




JulianPH

10,084 posts

144 months

Wednesday 4th April 2018
quotequote all
joyless lobotomised parrot said:
...and yet this guy, who they say didn't have two pennies to rub together, will still be worshipped on their knees by millions worldwide for thousands of years after all those rich guys have been long long forgotten.

http://cdn3.thr.com/sites/default/files/2016/08/je...
Jim Caviezel?

tongue out

Your right, he will always be a Person of Interest.

ringram

Original Poster:

14,701 posts

278 months

Wednesday 4th April 2018
quotequote all
joyless lobotomised parrot said:
...and yet this guy, who they say didn't have two pennies to rub together, will still be worshipped on their knees by millions worldwide for thousands of years after all those rich guys have been long long forgotten.

http://cdn3.thr.com/sites/default/files/2016/08/je...
Yawn.

While you are on the topic; Prov 24:7 "Wisdom is inaccessible to a fool;"

Porridge GTI

302 posts

132 months

Wednesday 4th April 2018
quotequote all
Invest in yourself but skip university - is that the advice?

anonymous-user

84 months

Wednesday 4th April 2018
quotequote all
RDMcG said:
Highly successful people have enormous drive and work harder than you can imagine. I have dealt with many of them and there is a surprising consistency. They fail periodically and like losing a life in a video game immediately pick themselves up and resume.

I reported to a man who had a personal net worth of $7 billion. He had a bedroom attached to his office so he could sleep if he was in a big deal

I have met a great number of people who are household names. They were driven from their teens. They are unstoppable, merciless,warriors, and incredibly impressive.

They love,love what they do and not one of them would say on their deathbed that they wished they had spent less time in the office.

They think big and morph ahead of change. Endlessly curious , huge egos , unstoppable.
I said goodbye to my boss two days before he died. He knew it was the end and was closing a deal.

I told him that despite the fact that we had fought often, that he had fired me often, I would do it again in a heartbeat. You make your own luck.
I think you might be eulogising a little too much with that post.

I too know one or two "successful" persons and in general most have similar issues everyone else has.

Getting older, feeling more tired, trying not to eat too much (or drink too much), dealing with family problems, and trying to find that elusive thing which can bring about peace of mind.

Sure there is a buzz from 'making the deal', and I am sure many people on this forum know and enjoy the excitement that can bring.

There are some qualities that I think very successful people have which wasn't mentioned in your list, mostly related to an unusual attitude to risk and a desire to prove something, which perhaps help to provide additional motivation.

supersport

4,633 posts

257 months

Wednesday 4th April 2018
quotequote all
mikeh501 said:
developers of any description are impossible to find! definantly not a saturated market. A decent dev with a few years under their belt can walk out of a job on Monday and have 3-4 offers by Friday.

20-25k graduates (comp sci), in 2-3 years 35k and then around 45-50k for a senior dev within 5 years, moving upto 60k for a team lead. These rates within a few K can be found anywhere in the country pretty much.

Most half decent devs are contracting these days. 350-500 pd...... not hard to see why.

Devops is the next thing. Rates are already ridiculous and its a bit wild west in terms of experience.
Totally agree, finding good devs is hard work, there is a huge skills shortage. Plenty of beginners around with no experience though.

rufusgti

2,573 posts

222 months

Wednesday 4th April 2018
quotequote all
ringram said:
Its not as if this isnt obvious. I think its because everyone in inherently lazy and a quick buck is how people think you get ahead.



Ultimately anyone complaining of not earning enough has themselves to blame. Information is free on the internet. You can study anything at zero cost. Excuses are just that. Each decision you make takes you closer or further from your goals.
If you’re trying to come across as motivational or inspiring or even likeable you’re not doing very well.
I mean why do you care enough about other people’s goals to claim everyone is inherently lazy?
Are you lazy? Or are you somehow more skilled than everyone else to be passing remarks on others. Because it sounds like you’ve read a few warren buffet books and decided you’ve done well because you invested in yourself. The likelyhood is you have made some good decisions, had a bit of luck on your side and worked hard. Millions of people are out there doing the same. Not everyone gets the lucky break.
I’m probably being a little harsh on you but I'm often struck how successful people look at others and presume they didn’t try because they didn’t succeed to the same financial degree.