Good day guys!
I am a total greenhorn who has read and fell in love with MJ's book and his fastlane philosophy. I would really like your advice and insights on my inquiry. Please do move this this post if it is not in the appropriate sub-forum. Thanks!
I am a recent finance graduate, 24 years old, with a visa in Australia. At the moment I am working two part time jobs to pay my rent and food while the extra cash goes into small investments (Stocks/Bonds) and my fixed deposit.
I am at the crossroads now as this is a pivotal moment in my life namely, settling on my future career :coolgleamA:
Three options are ahead of me:
i) Continue working my two part time jobs (Subway server and Barista) at 45-50 hours a week-with comfortable pay for rent and food.
Downsides-repetitive and mundane, feels like you are missing out on the professional life, menial work, after 2 years I have to head back home since my visa ends which would be terrible since I hate my hometown.
Upsides-considerably more time to work on my business idea.
ii) Take a 100 % commission based job as a mortgage broker.
Downsides-sporadic income as it's purely commission based. Also, I am fresh so I have literally no clients under my belt nor referrals at the moment. Will have to work my two part time jobs while doing this so as to make ends meet until I get business going.
Upsides-rather good pay. Will get a Permanant Residency in Australia. 150 000 per annum for a high dealer. Lots of time on my hands since it's a work from home job-and you decide your own hours. Average hours to work on my job-but this is only AFTER i quit my two part time jobs supporting me(might take 4 months).
iii) Take an investment banker job
Downsides- 80-100 hours a week in the office and NO time (at least not within sane rationale) to work progressively on my business.
Upsides-prestige, respect(later years), and lots of cash-800 000-1.5 million the ballpark figure for a good banker within 2 years with the firm. Security.
I know most of you will say the fastlane preaches to just bear the two part time jobs while hitting the golden mark on entrepreneurship. Besides my visa status on the line, I would like to just play devil's advocate and ask-if an investment banker works the same ungodly hours as a startup entrepreneur but he gets certainty that he is paid while the entrepreneur has no certainty at all-wouldn't the banker be better off?
Best regards,
Fastlane student
I am a total greenhorn who has read and fell in love with MJ's book and his fastlane philosophy. I would really like your advice and insights on my inquiry. Please do move this this post if it is not in the appropriate sub-forum. Thanks!
I am a recent finance graduate, 24 years old, with a visa in Australia. At the moment I am working two part time jobs to pay my rent and food while the extra cash goes into small investments (Stocks/Bonds) and my fixed deposit.
I am at the crossroads now as this is a pivotal moment in my life namely, settling on my future career :coolgleamA:
Three options are ahead of me:
i) Continue working my two part time jobs (Subway server and Barista) at 45-50 hours a week-with comfortable pay for rent and food.
Downsides-repetitive and mundane, feels like you are missing out on the professional life, menial work, after 2 years I have to head back home since my visa ends which would be terrible since I hate my hometown.
Upsides-considerably more time to work on my business idea.
ii) Take a 100 % commission based job as a mortgage broker.
Downsides-sporadic income as it's purely commission based. Also, I am fresh so I have literally no clients under my belt nor referrals at the moment. Will have to work my two part time jobs while doing this so as to make ends meet until I get business going.
Upsides-rather good pay. Will get a Permanant Residency in Australia. 150 000 per annum for a high dealer. Lots of time on my hands since it's a work from home job-and you decide your own hours. Average hours to work on my job-but this is only AFTER i quit my two part time jobs supporting me(might take 4 months).
iii) Take an investment banker job
Downsides- 80-100 hours a week in the office and NO time (at least not within sane rationale) to work progressively on my business.
Upsides-prestige, respect(later years), and lots of cash-800 000-1.5 million the ballpark figure for a good banker within 2 years with the firm. Security.
I know most of you will say the fastlane preaches to just bear the two part time jobs while hitting the golden mark on entrepreneurship. Besides my visa status on the line, I would like to just play devil's advocate and ask-if an investment banker works the same ungodly hours as a startup entrepreneur but he gets certainty that he is paid while the entrepreneur has no certainty at all-wouldn't the banker be better off?
Best regards,
Fastlane student
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