EPTOn July 12 2015 01:57 Dknight wrote:
Actually, 50 hours is slightly above average in the United States for those who work full time (~47 hours is typical).
I have a good friend who did something similar in terms of purchasing a house and living with his friends who pay rent/utilities to him. He's been doing it for about 3 years and has cut a ton from his mortgage and should own it outright in 10-15 years depending on when his friends move out. As this is near Boston, it's pretty impressive.
Show nested quote +
On July 11 2015 23:32 Vindicare605 wrote:
I am putting in roughly 50 hours per week. It's a lot, by most standards I understand that. It is why the "enjoy what I am doing" part. comes in to play so often in my argument. There's no way in hell that I would ever work this many hours doing a job I didn't enjoy, of that I can assure you.
As far as your specific financial information goes. I currently live in Los Angeles, it is both one of the best cities in the world for the trade I am currently practicing, and simultaneously one of the worst markets in the world for anyone seeking to rent or buy which is why I am still living at home at the house I grew up in (which I bike to work from just by the way.)
It is not an easy market to find somewhere affordable to live. My current project right now is to gather friends and family to pull incomes together to purchase a house and share it rather than try and rent a place somewhere and throw money away at it.
The idea for me is that in 10-20 years time, I can work doing what I like also making supplemental income through real estate started through my family's trust and then managed by my brothers and I.
Like I said. My finances are not something that I just leave to chance. I have a lot of information to work with for how to plan for the future and for me, this is what currently makes sense for both what I want and for what makes sense for the other members of my family.
On July 11 2015 23:17 Ovid wrote:
Not underestimating the value of the American Vice Economy but usually that money doesn't fall into the hands of the low level providers rather than owners of the establishments.
Secondly how much is that after tax roughly, UK and US have very different taxes, secondly £28k is a lot of money for a barman in the UK it's around £12k-18k and for "fancy" cocktail bars in london average is only £25k.
How many hours are you putting in?
You don't currently live by yourself so even if you have worked out how much it would cost and think you can afford it your still not at that stage so you can't really say if it's a solid job for future life.
It could be that my moving out workings are based on a much higher price of living. (average rent where I am for a 1/2bed flat is £800-£1k a month 120k to buy a flat with moldy walls/damp 150k for a normal flat 300k for a terraced 2/3bed 4 bed detached £550k 5 bed detached £600-£1mil+, then the insurance for a car for me would be around £1k not mention road tax and fuel at £1.20 a litre)
You won't have money for holidays or to buy anything expensive as a treat (without loads of saving) you will just have enough to exist.
You don't have to go back to Sociology nor do you need to go for a specialised science degree for the insane levels of money, I'm sure there's a degree that would lead to work you'd enjoy/be good at that pays more than to just exist.
I just did a bit of reading about Barman and it's a very different job to what it is in the UK but I just don't see it being stable after the age of 30.
All I'm saying is keep education on your radar.
On July 11 2015 22:34 Vindicare605 wrote:
I've done the math already.
My college major was sociology. I studied it because I enjoyed it, not because I was after the money.
At my current job I make right now with only a year's worth of experience about 45k per year before taxes. That is as much as I could hope to earn after a 6-12 month internship at one of various non-profits where that kind of degree is useful.
I suppose I could go back to school, pursue a career in a science if earning a salary was all I was after. However; that is not my forte.
I enjoy what I currently do. My education in Social Science has meaning in what I currently do. I earn enough money to live on my own with all of the financial responsibilities of such (I do my own finances and am planning currently how and when to move out on my own atm.) already.
Why go back to school then?
There is the possibility that the lustre of what I am currently doing fades, but then I will make a decision to change careers then and not now. Right now, I am enjoying the actual fact that I am a working member of society. I have held jobs before that I have not enjoyed, this is the first in a long while that I have.
If I were to give advice to anyone, I would tell them to do what they enjoy, not what they think will get them more money. Chasing after money in my opinion is the easiest way to end up doing something you either hate or are not good at. If you do something you like to do, eventually (if you are good at it) you will make good money doing it.
It all depends on circumstance, luck, and drive. Education doesn't matter for a large part of it.
Also for your information, there is actually a LOT of career progression for bar work. Distributors and manufacturers frequently employ seasoned bar workers to their service to either a: promote their product or b: help with marketing their product via specialized cocktail programs. These kinds of cushy high paying jobs are referred to in this industry as rep jobs, and they pay very well for very little work required.
There are other such dream jobs, that is but one example. They are not very common admittedly, but they do exist.
The higher end of these kinds of gigs pay ridiculous amounts of money.
Do not ever underestimate the financial power of the American Vice Economy. It's a very real thing.
On July 11 2015 22:20 Ovid wrote:
That's foolish and short sighted of you.
In the UK and I'm sure it's similar enough to the US degree graduates earn aprox £12k ($18k) more than the people who don't.
I'm assuming your still living at home and don't have any money related responsibilities. I also fail to see what career progression barwork has?
I was kicked out of school at 12/13 I have only just now been given the opportunity to take my A levels so hopefully in 2/3 years I will be in university. I was working at a warehouse on £7.40 an hour with progression to around £8 in the same job and progression to better paying jobs within that system.
The point I'm making is that sort of work is great short term but consider going back to further education longterm it is helpful (assuming you're taking a valid degree cause with good career paths, no david beckham studies)
On July 11 2015 21:12 Vindicare605 wrote:
Not a tiny bit. My feelings on advanced education have not changed. A college degree has no use for me since I don't plan on ever using it for anything.
For the people out there doing computer science, chemistry, physics or pre-med it's different because there is a crapload of jobs out there that that kind of education is very important for. For the vast majority of the rest of us, hard work and initiative are what get us starting positions and experience and competence are what get us promoted. Organized education in that sense has no meaning for us. It's all just a farce to keep us in school, keeping teachers employed and getting schools their funding.
Besides, anything I could ever learn or want to learn is available on the internet now anyway.
That's a quick summary of how I feel about it all and why I quit. I wanted to enjoy school just for the sake of education and knowledge but eventually I learned that that kind of mentality is as archaic and old school as a 4 pool Zergling rush.
On July 11 2015 21:03 FFGenerations wrote:
so the job is actually ok then? almost all of my jobs i've pretty much wanted to kill myself after a few months
have you yet thought about going back into education?
mega congrats
so the job is actually ok then? almost all of my jobs i've pretty much wanted to kill myself after a few months
have you yet thought about going back into education?
mega congrats
Not a tiny bit. My feelings on advanced education have not changed. A college degree has no use for me since I don't plan on ever using it for anything.
For the people out there doing computer science, chemistry, physics or pre-med it's different because there is a crapload of jobs out there that that kind of education is very important for. For the vast majority of the rest of us, hard work and initiative are what get us starting positions and experience and competence are what get us promoted. Organized education in that sense has no meaning for us. It's all just a farce to keep us in school, keeping teachers employed and getting schools their funding.
Besides, anything I could ever learn or want to learn is available on the internet now anyway.
That's a quick summary of how I feel about it all and why I quit. I wanted to enjoy school just for the sake of education and knowledge but eventually I learned that that kind of mentality is as archaic and old school as a 4 pool Zergling rush.
That's foolish and short sighted of you.
In the UK and I'm sure it's similar enough to the US degree graduates earn aprox £12k ($18k) more than the people who don't.
I'm assuming your still living at home and don't have any money related responsibilities. I also fail to see what career progression barwork has?
I was kicked out of school at 12/13 I have only just now been given the opportunity to take my A levels so hopefully in 2/3 years I will be in university. I was working at a warehouse on £7.40 an hour with progression to around £8 in the same job and progression to better paying jobs within that system.
The point I'm making is that sort of work is great short term but consider going back to further education longterm it is helpful (assuming you're taking a valid degree cause with good career paths, no david beckham studies)
I've done the math already.
My college major was sociology. I studied it because I enjoyed it, not because I was after the money.
At my current job I make right now with only a year's worth of experience about 45k per year before taxes. That is as much as I could hope to earn after a 6-12 month internship at one of various non-profits where that kind of degree is useful.
I suppose I could go back to school, pursue a career in a science if earning a salary was all I was after. However; that is not my forte.
I enjoy what I currently do. My education in Social Science has meaning in what I currently do. I earn enough money to live on my own with all of the financial responsibilities of such (I do my own finances and am planning currently how and when to move out on my own atm.) already.
Why go back to school then?
There is the possibility that the lustre of what I am currently doing fades, but then I will make a decision to change careers then and not now. Right now, I am enjoying the actual fact that I am a working member of society. I have held jobs before that I have not enjoyed, this is the first in a long while that I have.
If I were to give advice to anyone, I would tell them to do what they enjoy, not what they think will get them more money. Chasing after money in my opinion is the easiest way to end up doing something you either hate or are not good at. If you do something you like to do, eventually (if you are good at it) you will make good money doing it.
It all depends on circumstance, luck, and drive. Education doesn't matter for a large part of it.
Also for your information, there is actually a LOT of career progression for bar work. Distributors and manufacturers frequently employ seasoned bar workers to their service to either a: promote their product or b: help with marketing their product via specialized cocktail programs. These kinds of cushy high paying jobs are referred to in this industry as rep jobs, and they pay very well for very little work required.
There are other such dream jobs, that is but one example. They are not very common admittedly, but they do exist.
The higher end of these kinds of gigs pay ridiculous amounts of money.
Do not ever underestimate the financial power of the American Vice Economy. It's a very real thing.
Not underestimating the value of the American Vice Economy but usually that money doesn't fall into the hands of the low level providers rather than owners of the establishments.
Secondly how much is that after tax roughly, UK and US have very different taxes, secondly £28k is a lot of money for a barman in the UK it's around £12k-18k and for "fancy" cocktail bars in london average is only £25k.
How many hours are you putting in?
You don't currently live by yourself so even if you have worked out how much it would cost and think you can afford it your still not at that stage so you can't really say if it's a solid job for future life.
It could be that my moving out workings are based on a much higher price of living. (average rent where I am for a 1/2bed flat is £800-£1k a month 120k to buy a flat with moldy walls/damp 150k for a normal flat 300k for a terraced 2/3bed 4 bed detached £550k 5 bed detached £600-£1mil+, then the insurance for a car for me would be around £1k not mention road tax and fuel at £1.20 a litre)
You won't have money for holidays or to buy anything expensive as a treat (without loads of saving) you will just have enough to exist.
You don't have to go back to Sociology nor do you need to go for a specialised science degree for the insane levels of money, I'm sure there's a degree that would lead to work you'd enjoy/be good at that pays more than to just exist.
I just did a bit of reading about Barman and it's a very different job to what it is in the UK but I just don't see it being stable after the age of 30.
All I'm saying is keep education on your radar.
I am putting in roughly 50 hours per week. It's a lot, by most standards I understand that. It is why the "enjoy what I am doing" part. comes in to play so often in my argument. There's no way in hell that I would ever work this many hours doing a job I didn't enjoy, of that I can assure you.
As far as your specific financial information goes. I currently live in Los Angeles, it is both one of the best cities in the world for the trade I am currently practicing, and simultaneously one of the worst markets in the world for anyone seeking to rent or buy which is why I am still living at home at the house I grew up in (which I bike to work from just by the way.)
It is not an easy market to find somewhere affordable to live. My current project right now is to gather friends and family to pull incomes together to purchase a house and share it rather than try and rent a place somewhere and throw money away at it.
The idea for me is that in 10-20 years time, I can work doing what I like also making supplemental income through real estate started through my family's trust and then managed by my brothers and I.
Like I said. My finances are not something that I just leave to chance. I have a lot of information to work with for how to plan for the future and for me, this is what currently makes sense for both what I want and for what makes sense for the other members of my family.
Actually, 50 hours is slightly above average in the United States for those who work full time (~47 hours is typical).
I have a good friend who did something similar in terms of purchasing a house and living with his friends who pay rent/utilities to him. He's been doing it for about 3 years and has cut a ton from his mortgage and should own it outright in 10-15 years depending on when his friends move out. As this is near Boston, it's pretty impressive.
I'm assuming that you guys have buy to let mortgages like in the UK? And if you do and he's on a normal mortgage isn't that illegal?
Your godmother gave you very good advice. All the best!
spread this wisdom and run for President PLZ 
