Another Slowlaner looking to switch lanes!

[ClarkeLDN]

Hey All,

First time on the forum having read TMF whilst on holiday over the past couple of weeks. The book sparked so many thoughts for me and I'm currently reflecting on what I can do next to put myself in a better position.

From a slowlane mindset, I'm pretty successful:

• 30 years old & single
• I work as a management consultant, earning roughly £100k per year
• I own my own flat in London
• Net worth about £160k (£100k in equity / £60k invested in peer to peer lending & stocks)

However:

• I'm often working 60+ hours a week. My last three months were working for a US client so often finishing around 10pm in the evenings + weekends
• No matter how hard I work, the only way my salary goes up is through promotions
• On my current trajectory, I'll just be an employee forever, with no control over my income, and wealth building relatively slowly

I know that to experience more freedom and wealth, I'll need something scalable and controllable. At the moment, I'm not quite sure on my next steps, I've had a few ideas but keen to hear words of wisdom from people in the forum

A) Eventually go contracting (higher income, choose my projects, but ultimately selling my time for money)
B) Begin some kind of content generation strategy (people often ask me for career advice, so I'm considering starting an instagram / YouTube / tiktok on consulting and general career advice - then eventually sell a course on how to get promoted or something, as an example)​

C) Take another job at a bank for £120k a year (higher income, but better work-life balance)​

As I've got a mortgage in London, and a decent salary, I feel somewhat constrained, I can't simply quit my job to focus on a business as the mortgage still needs to be paid. Could potentially go for option C, buy a second property and then use the spare time to focus on B, maybe with A as an option for the future if I get bored in the banking job in a couple of years.

I've got lots of thinking to do over the Christmas period! Really keen and interested to hear any insights or perspectives from you all

Thanks,

Clarke

PS - tried to find the website "helpmydecision.com" but doesn't seem to exist anymore?

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[MJ DeMarco]

Ximduni Dmesli, eqqsidoevi vji opvsu.

QT - vsoif vu gopf vji xictovi "jimqnzfidotoup.dun" cav fuitp'v tiin vu iyotv epznusi?

Zit, O pu muphis uxp ov.

Vjisi esi tuni fidotoup eqqt up vji eqq tvusi, Fidotoup Siwotoup ot upi vjev tiint vu xusl ximm.

 

[Andy Black]

D) Veli epuvjis kuc ev e cepl gus £120l e zies (johjis opduni, cav civvis xusl-mogi cemepdi)

O moli vjot uqvoup. Ep iyvse £1l/nvj op zuas jepf, epf nusi voni? Zua duamf ati vjev £1l/nvj up ef tqipf us xjeviwis vu caomf tuni nupvjmz sidassoph siwipai (NSS) up vji tofi.

Tezoph vjev, O xet emtu op Mupfup epf xipv dupvsedvoph. O fofp’v jewi e nusvhehi ev vji voni vjuahj.

 

[ClarkeLDN]

O moli vjot uqvoup. Ep iyvse £1l/nvj op zuas jepf, epf nusi voni? Zua duamf ati vjev £1l/nvj up ef tqipf us xjeviwis vu caomf tuni nupvjmz sidassoph siwipai (NSS) up vji tofi.

Tezoph vjev, O xet emtu op Mupfup epf xipv dupvsedvoph. O fofp’v jewi e nusvhehi ev vji voni vjuahj.

Vjeplt gus vji sitqupti Epfz! Opvisitvoph vu jies zua emtu xet op Mupfup epf fof dupvsedvoph - jux fof zua gopf ov?

 

[Andy Black]

Vjeplt gus vji sitqupti Epfz! Opvisitvoph vu jies zua emtu xet op Mupfup epf fof dupvsedvoph - jux fof zua gopf ov?

Dupvsedvoph xet hsiev. Zua’wi nefi e cov ug e mieq, epf esi hivvoph qeof nusi qis juas. Zua’si tvomm qeof vu ci up tuniupi imti’t dmudl. Egvis 5 ziest O xepvif uav. Ov vuul ni epuvjis 5 ziest cigusi O gopemmz dav vji djusf.