Highest payed gratuates vs. 10 years after ? (1 Viewer)

[likingtherain]

After reading this thread, i'm thinking i should quit my job at mcdonald's

 

[ifsonotso_100]

I really don't understand what all the fuss is.

All you need to do was to have bought BHP at around $10 a few years back (which come on, wasn't thta hard to pick). And when you do it you leverage your $300,000 house right? Borrow say $200,000 off it and hopefully have another $100,000 cash already. You would have made like $1m for doing nothing.

And come on, as if subprime wasn't frigging obvious. Commentators were talking about it since December last year. And all you needed to do was short Babcock and Brown from $30 to what it is now ($7) and you would have 6x that $1m to $6m. Tell me how many people you know who has $6m! Better, do any of you seriously think you'll ever have $6m?

By the way, are you telling me that you make close to $150k pa? Then you should seriously consider buying some of these banks. Do you really think ANZ will continue to be $16 for the next 10 years? No it'll be like $100 in like 15 years for no other reason than population growth and inflation.

did you implement any of these strategies or are you the typical hindside commentator- obviously not to that extent monies wise but with respect to your earning capacity or even with a small proportion of your savings?

 

[Omnidragon]

Yea I seriously implemented it. Not to the extent of mortgaging the house I don't have. But I went more than just buying BHP though. I held OXR, PDN, RIO... you know, the lot, through the boom times.

 

[pottsy44]

Yea I seriously implemented it. Not to the extent of mortgaging the house I don't have. But I went more than just buying BHP though. I held OXR, PDN, RIO... you know, the lot, through the boom times.

do you mind telling me what your capital was at the time and what your total portfolio is worth today?

sounds good.

 

[KFunk]

Medicine is a pretty direct path to good income. If you were willing to work as a GP in a rural community you could well be making $250,000+ after the completion of your GP training (which takes ~ 4 years after graduating from medicine). The estimated income for rural/remote GPs by Medfin and McMasters was an average of $375,000, with a range of $250,000 - 500,000 (after expenses, before tax planning, and based on 40-50 patient contact hours / week).

 

[+Po1ntDeXt3r+]

Medicine is a pretty direct path to good income. If you were willing to work as a GP in a rural community you could well be making $250,000+ after the completion of your GP training (which takes ~ 4 years after graduating from medicine). The estimated income for rural/remote GPs by Medfin and McMasters was an average of $375,000, with a range of $250,000 - 500,000 (after expenses, before tax planning, and based on 40-50 patient contact hours / week).

dude!!! stop telling ppl that... supply-demand it may be true but still!

 

[KFunk]

dude!!! stop telling ppl that... supply-demand it may be true but still!

I think I will be doing the population at large a service if I manage to encourage more people to enter rural general practice . Besides, doctors' salaries are overinflated due to artificially controlled supply by the specialist colleges. Extra applicants will make little difference unless the colleges themselves relent and provide avenues for extra training.

 

[Omnidragon]

do you mind telling me what your capital was at the time and what your total portfolio is worth today?

sounds good.

Of course I do. There are people who know me on this forum, and you might even be one of them!

 

[Omnidragon]

Medicine is a pretty direct path to good income. If you were willing to work as a GP in a rural community you could well be making $250,000+ after the completion of your GP training (which takes ~ 4 years after graduating from medicine). The estimated income for rural/remote GPs by Medfin and McMasters was an average of $375,000, with a range of $250,000 - 500,000 (after expenses, before tax planning, and based on 40-50 patient contact hours / week).

Your HECs debt will be higher than most and your insurance will blow you out of the water.

 

[pottsy44]

Of course I do. There are people who know me on this forum, and you might even be one of them!

haha fair enough.

p.s. i dont know you lol

 

[KFunk]

Your HECs debt will be higher than most and your insurance will blow you out of the water.

No, those things are unlikely to be an issue. For a 6 year undergrad degree like at UNSW HECS will be ~ 50,000 (assuming no upfront payment), and it would be less for someone who has done 3 years of arts or science and a 4 year grad degree. Note that those GP figures were after expenses (e.g. insurance and practice running costs).

 

[tau281290]

Regardless of what you do, if you are an employee of a company, your salary would be zilch to the percentage of profit the company for which you work. Even if you earn 250K a year as salary, you would be helping the company to make millions if not billions. The business model is designed to be like that.

Do you know who the richest man on this planet is? I can tell you he didn't make money from conventional businesses such as manufacturing a product or providing a service. Nor is he in real estate. So guys, seriously, stop pulling **** out of your ****

Keep this quiet, only around top 10% of the Developed world population knows about this. I reckon only 5% will implement it, and only 1% will become successful through this implementation. It's a one-sum game. The more people know about it, the harder it is for you. :uhhuh: But we are nice people !

 

[Slidey]

Engineering is generally where the reliable money is.

 

[blue_chameleon]

Yeah but you couldn't make those millions of dollars for the company without the funds supplied by the owners of the company.

As for the entrepreneurship stuff, as you point out, most fail. So by accepting a fixed wage you are also assuming less risk. If you can get a good annual wage this is a great situation for many people and there is simply no need to pursue the extreme wealth of a multi-billionaire.



Also, posts 1 & 2 of this thread. Post #2 - Pure Gold.


Oh and fyi, "the real money" is in whatever field you happen to be really talented in and prepared to work really hard at.

What kind of idiot would actually base their decisions on average wage figures ect.

IBankers?

 

[Omnidragon]

IBankers?

ibankers don't make that much money...

an average MD who's failry good at his job prob makes $1.5m in a rewarding yr. closing a deal is a lot harder than what you might think and i wouldn't really rely on league tables as a guide to that. after tax and super and medicare levy that's around $800,000

good money but small businesses sometimes make more than that. no one's talking about becomming a billionaire, zimmerman. the average corporate highflyer (eg corporate lawyer) wont even make it to being a multimillionaire in today's terms of of 3-4 million... and having a 1.5m house with 500k mortgage outstanding doesn't really count

i mean come on, an ibanking md takes in around that much. how much are you expecting to take in as um... a manager at british petroleum or deloitte? $400,000 after tax? again good money, but i dont even need to bring out billionaires to trump that. my friends mum who runs three cafes prob makes as much

 

[Slidey]

What kind of idiot would actually base their decisions on average wage figures ect.

The kind that thinks you get a degree and people give you x amount of money each year, just like that.

Generally the type planning to do law, medicine, or economics even though they don't even like it.

 

[Omnidragon]

Well all I like doing is drinking and going clubbing. Maybe my only future is in beer brewing and running a club?

Seriously doubt anyone is really ever that passionate about economics to start with - how could you when you're a high school student who actually knows jack about economics. But it's prob interesting enough to keep people in the job

 

[tau281290]

Well all I like doing is drinking and going clubbing. Maybe my only future is in beer brewing and running a club?

Seriously doubt anyone is really ever that passionate about economics to start with - how could you when you're a high school student who actually knows jack about economics. But it's prob interesting enough to keep people in the job

I am planning to do economics in uni next year. I don't know what career opportunities it will lead me. Honestly, I don't really care. The knowledge you learn is more important than the degree itself. But then again, i can probably learn it all at home/library/internet.

You guys are all HSC veterans, im just about to finish it!

 

[BackCountrySnow]

I am planning to do economics in uni next year. I don't know what career opportunities it will lead me. Honestly, I don't really care. The knowledge you learn is more important than the degree itself. But then again, i can probably learn it all at home/library/internet.

You guys are all HSC veterans, im just about to finish it!

same. I find HSC economics interesting.
I've read first year textboooks and I can say I atleast find first year macro interesting.

TIME magazine put economists as the 7th highest earning profession or sometthing like that.

 

[jessi90]

same. I find HSC economics interesting.
I've read first year textboooks and I can say I atleast find first year macro interesting.

TIME magazine put economists as the 7th highest earning profession or sometthing like that.

please get that disturbing avatar of your parents off the site!