Any of you guys a millionaire

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Thanks. It's just that my school advertises medicine and dentistry as the only careers you can ever do well in and earn a reasonable amount so I am a bit worried. I just want to do well and have a stable income. Would you suggest taking a language module with my chemistry degree? Or a biochemistry or physics. How does the salary progress?

The only careers where if you do well and rise up, you can make a decent amount of dosh are as follows:

medicine (augmented by private practice, or alternatively moving to a country that pays medics well), dentistry (specialising in maxilo facial surgery or orthodontics), top end law, top end consulting, front office finance, top end of technology, the executive corporate ladder, actuarial profession, real estate, high end sales, a professional role within an oil and gas/mining company, innate talent/skill or entrepreneurship.

Outwith those fields, most people will never see their incomes grow past a specific plateau. That is just the plain truth, and something I've done a lot of digging into. 90% of jobs out there fall into the category of starting low and reaching a moderate salary level.

Being brutally honest, there's no point chasing money - just do the career you're good at, have an interest in and want to succeed in. That, or take a risk and start something.

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(edited 7 years ago)

Reply 21

Mr T 999

Original post by Princepieman

The only careers where if you do well and rise up, you can make a decent amount of dosh are as follows:

medicine (augmented by private practice, or alternatively moving to a country that pays medics well), dentistry (specialising in maxilo facial surgery or orthodontics), top end law, top end consulting, front office finance, top end of technology, the executive corporate ladder, actuarial profession, real estate, high end sales, a professional role within an oil and gas/mining company, innate talent/skill or entrepreneurship.

Outwith those fields, most people will never see their incomes grow past a specific plateau. That is just the plain truth, and something I've done a lot digging into. 90% of jobs out there fall into the category of starting low and reaching a moderate salary level.

Being brutally honest, there's no point chasing money - just do the career you're good at, have an interest in and want to succeed in. That, or take a risk and start something.

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Hey pieman :hello:

long time no see

Great advice as always :top:

Reply 22

honeysugar

Original post by mr T 999

Do you go grammer school or something lol? There's loads of jobs out there besides medicine and dentistry that pay well. A language module would be helpful and looks good on a cv and makes you bit more competitive. Tbh you should do what you enjoy.

Salary for what? :hmmmm2:

Investment banking. I just want to do well you know. I don't go to a grammar school but everywhere you just hear about medicine so I did subjects based around medicine but I realised I wouldn't enjoy working in a hospital as much. I would much prefer a job in the city where I could travel a bit. Do you think brexit will affect jobs in ib?

Reply 23

honeysugar

Original post by Princepieman

The only careers where if you do well and rise up, you can make a decent amount of dosh are as follows:

medicine (augmented by private practice, or alternatively moving to a country that pays medics well), dentistry (specialising in maxilo facial surgery or orthodontics), top end law, top end consulting, front office finance, top end of technology, the executive corporate ladder, actuarial profession, real estate, high end sales, a professional role within an oil and gas/mining company, innate talent/skill or entrepreneurship.

Outwith those fields, most people will never see their incomes grow past a specific plateau. That is just the plain truth, and something I've done a lot digging into. 90% of jobs out there fall into the category of starting low and reaching a moderate salary level.

Being brutally honest, there's no point chasing money - just do the career you're good at, have an interest in and want to succeed in. That, or take a risk and start something.

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Thank you for this. I haven't got much work experience besides medical work experience so I'm trying to get some work experience outside medicine. I might join some societies at university. Can I work in technology with a chemistry degree? If I decided to go in through that route. I thought you would need computer science.

Reply 24

Sisuphos

Original post by honeysugar

Millionaires are usually entrepreneurs and investors. I don't think an NHS doctor or a dentist will earn enough to become a millionaire.

There's a huge difference between doing well and earning a "reasonable amount" and being a millionaire.

Reply 25

username738914

Original post by Sisuphos

Any nhs doctor or dentist can become a millionaire with saving and investing, very easily.

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Reply 26

username738914

Original post by honeysugar

You can, but it'll take a lot of outside uni work to get to the level of skill to be hired. Basically, there's no easy path and it's really how much you're willing to graft to get into any of your careers of interest.

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Reply 27

Sisuphos

Original post by Princepieman

Any nhs doctor or dentist can become a millionaire with saving and investing, very easily.

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I did say investors.

Reply 28

username738914

Original post by Sisuphos

I did say investors.

Fair

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Reply 29

dairychocolate

Original post by Princepieman

Any nhs doctor or dentist can become a millionaire with saving and investing, very easily.

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Do you mind expanding on this a bit? The 'very easily' piqued my interest.

I'm not obsessed with income (beyond securing good living standards) but I see no reason to turn down easy money.

Reply 30

Sisuphos

Original post by Princepieman

Fair

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There's also the definition of a "millionaire". Net worth or income? if the former, yes. If the latter, then no.

Reply 31

username738914

Original post by dairychocolate

Do you mind expanding on this a bit? The 'very easily' piqued my interest.

I'm not obsessed with income (beyond securing good living standards) but I see no reason to turn down easy money.

Market forces + inflation + saving a portion of a very decent income..

Millionaires are worth millions, that's the whole point of the name. A doctor or dentist with enough financial discipline can fairly easily hit a mil in networth or more.

However if you want to make millions annually as a doctor, you have to be a) extremely lucky, b) work in a country with a sizeable private healthcare regime, and c) be one of absolute best in an already high paying specialty.

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Reply 32

dairychocolate

Original post by Princepieman

Thanks for the response.

I've had similar discussions with my dad and it generally seems to boil down to financial discipline. I agree with you about maximising income from practice, although I plan on staying in the UK and don't expect millions in income at any point in my life.

Reply 33

PTMalewski

Judging from the prices of dental serives in UK, it doesn't seem impossible to be millionaire if saving money for 10 or 20 years,

I would be happy If I had 6 000 pounds of income per year.

Reply 34

zainyyyyy

saves up 1k and wants to be a millionaire? hilarious af. I made my own little business in year 8 selling/buying fifa coins and netted more than that in 4 months and my business lasted like 2 years

Reply 35

zainyyyyy

am I a millionaire? Perhaps not but if people are constantly telling people you can become a millionaire by making your own business this will get them in deep ****. They will think yea, making a business is easy and pull out a loan and when the business fails, they will be down x amount

Better be nice and truthful then give him false hopes

Reply 36

Judge Judy

Original post by Anthony.c/2001

Hey guys, i know this might be a popular question but are any of you guys a millionaire!
And if so how did u become a millionaire, the reason im asking is i want to be a millionaire!
Im not a lazy 15 year old boy who sprnds all his money on videogames i have had an ebay shop which isnt much but it made me some money and i now have about £1000 saved.
Yes im only 15 and yes i want to be a millionaire but i know thats not easy and i wont win the lottery or be given it! All the stuff i have ever got i have worked for it myseld not got it bought.
So if ur a millionaire HOW?

Go on a songwriting course at Bimm music college, learn to write songs for other people. It's easy especially if you have someone who can co write with you or you
Look up Bimm on google to find their college closest to your area.
Go on their open day, then you get the chance to go in the song writing room and speak to the tutor. I went, it was brilliant and i learnt that you can copy small parts of other people's lyrics and they can never find out if you do it in a clever way.
I couldn't believe i found out that and other interesting things from speaking to the tutor so you can book an appointment online and go with your parents and or friends. They also have a summer school.
Learn to play musical instruments so you can join a band or form your own or learn about music production.
I will be starting at a music college next week Monday as it is something i always wanted to do so if you think you have no talent to sing or play then music producing is the best way to become a millionaire.
Or become an actor and go on auditions.
Get an acting agent to get you auditions
Just type acting agents on google.

Watch a film called Sing Street on free film websites called Putlocker, Showbox or 123movies.to
because the lead singer in that film went to a music college and he had no acting experience but he auditioned for the part and got it. His friend asked him to go to the auditions with her then he decided to audition too so if he had not gone with her he would never have got the job. I read that info on the Bimm website so that made me want to watch the film

Sign up with www.StarNow and www.CapitalCasting as these both offer film extra, acting jobs for any age group or if your not able to join yet wait til your 18.

Or go to any cash converters or any specialist music shop and buy guitars or other music equipment then sell them on ebay. I buy my guitars and other stuff in cash converters because they are so unusual and no one else has them but i keep them for myself because they are so unique but if i wanted to i could sell them for more money on ebay. Some guitars are worth a lot of money so you could easily sell them at a higher price than what you bought them for.
I don't know how to sell on ebay so i will have to learn but not sure how to go about learning it as this will come in handy for when i want to start selling other guitars and other musical instruments like electric violin, etc that i buy.

Or look up millionaires on google and contact them to ask for advice or contact Steve Jobs or other famous millionaires for advice

Type Flipboard on google. I saw on there a story and a list of advice about how to start your own business and become a millionaire a few months ago and they had a millionaire on it but if you see any millionaires name on it you can contact them by email or twitter and ask for advice. You might have to register with them with an email address then type on it that your looking for advice to become a millionaire or start your own company

Or you can wait til your 18 and marry a millionairess or if you start your own band you will meet other famous people and marry a famous model, actress ,singer, etc

Reply 37

username2053059

Original post by Sir Fox

Depends. They probably wouldn't sign up to TSR, but there's a good chance that someone who's been on TSR from early on became a millionaire and is still on here for entertainment's sake. There are doctors, scientists and millionaires on 9gag, so why wouldn't there be any on TSR?

To the TO - there are 'safe' ways to become a millionaire that take quite long, and there are quicker ways that aren't quite as safe.

Safe way - pick a degree for a well paying profession. Study medicine, pick the right specialisation and at some point as a consultant you'll be pulling in about £100,000 a year. Live modestly and after a couple of decades you can be a millionaire. But I guess that's not what you have in mind. Study law or economics at a prestigious university, work your arse off, do competitive internships, then land a job at a big law firm or bank in London, work your arse off even more, and you'll be a millionaire at some point.

Alternatively, the less 'safe' (because not as predictable) route will be that of entrepreneurship. Found a business and make money with that.

There is no god. Only doge :u:

Reply 38

NullDrone

I'm saying this out of what i've learnt from other people, not sure if it's actually the case. I would also say there's much more to becoming a millionaire than what your told, if you could just read loads of investment, finance books, brian tracy etc. Many people would become millionaires, in theory they say what should work, but think about how many people also followed their advice, yet aren't rich at all.

You will probably never become a millionaire just by doing a job, even the top jobs won't pay that much after tax, you have outgoings like your house bills etc, but you have to learn how to cut expenses (this is the easy part) right down so that your nearly spending nothing, most can't actually do this as they lack discipline, most would still waste their money on crap, which is only the first part of becoming rich.

Learn how to invest, if you have good stocks/bonds, you compound the interest that you save, so for example a 9% interest rate would double your money in 8 years (72/9 = 8 - rule of 72), I think before you learn how to analyze a company properly you would need to run a business first. I for now am learning how to invest, have read Benjamin Graham's "The Intelligent Investor", and other books, i'm getting my head around it, but need to actually put in practice what i've learnt. It's not such a great way of making money when you don't have much as money makes money, but once you have a good amount, you will get bigger returns, think about time, spending years learning to invest just to put down a few grand is pointless, when your young you learn the principles before you get older to actually deal with big amounts, consider time.

You don't become rich fast, complete load of rubbish, it takes years to accumulate, think from now you were to put in £20,000 into an investment with a 9% return, 30 years later you would have £280,000 if that's calculated right. So more money you have to begin with, the more money you can make.

But I would say that you do actually need to be born somewhat rich to actually get rich, you could get a good job without being in a good position (like me), but after a few years of saving and learning how to invest, you have a bit of money to put down, then go for it, the rich don't put their money in 2% ISA accounts, they know what to do with their money properly, they do extensive research into investment, most that invest will only get an average return, it takes time to learn this stuff in depth.

I think it's much harder than what you are thinking, I used to think like that at a young age. People are very optimistic about being rich, then slowly the reality starts to hit them, but that's not to say you will never become rich, because you probably could if you really wanted to, it will be harder than you think though, and you have to realize many people think like this, many people even take millionaire's advice, but never become rich, you might learn someone elses path, but that doesn't mean their path will be open for you, it depends on many factors, it's delusional to think that it's solely down to you.

And also, what would you do when becoming a millionaire? Many people want money, then have no clue what to do with it when they get it, most of the super rich just spend their money on **** as they have no clue what they actually want with the money. Before you even become a millionaire you will think you have excessive amounts of money to even want any more.