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| *Ostroff, Fair and Company>>>Financial Services |
What is a job where I can make lots of money? (I'm in Real Estate now)? |
Right now I work for a mortgage company. I was making good money for the past 2 years, but now it is horrible. If you know anything about my business. I'm 20 years old. I don't have a BA yet all I have is experience in the mortgage field. I'm looking for a career change. Does anyone have any good ideas of what I can do? What can I make alot of money doing. I'm used to getting 5-10k checks, but now there isn't much money in mortgages. Please help! Own the real estate yourself if business is not booming it means now's a time to buy. There is no field in which you will make more money long term than real estate investing. Buy as much as you can now keep it afloat and in 30 years you'll be a rich man almost no matter what. This question is so immature. Plus, once you make money like a mortgage broker, it will be hard to beat. Good luck CFO, Mortgage Company You're screwed kiddo. There are no other jobs out there that pay so well for having no actual skills like mortgage brokers or Realtors. Unless you're willing to do something illegal like drug dealing you're going to have to go back to school and then get a job that pays average money if you're lucky. Your gravy train days are over, welcome to the real world, What you have just experienced is called an asset bubble. During asset bubbles, money becomes detached from reality. People with little real skill are able to make a lot of money, for a short period of time. In past asset bubbles, some people made lots of money day trading tech stocks. Then it popped and they had to go find a job that paid a lot less. Some made a lot of money trading comic books and/or baseball cards. Then it popped and they had to go find a job that paid less. Some made a lot of money in junk bonds.... Heck, 400 years ago some people made a lot of money in tulip bulbs.... then it popped. The days of the bubble are history, and reality has returned. Real estate is not a good investment. There are no other (legal) lines of work where people without an expensive education and/or special skills can make a lot of money. Heck, I have an expensive education and extensive skills, and still I do not make checks in the $5-10K range on a regular basis. I think it is time for you to make a decision. Do you want to make a lot of money, with substantial risk of ending up in jail? Or, do you want to go to school, work hard, and accept a job that pays much less than what you've become accustomed to. I'm pretty sure you are not going to find a third alternative of something legal, requires no special education or skills, and pays well. Doctor : Go get your 8 years of schooling. Architect : Go get your 6+ years of schooling. Software Engineer : Go get your 4-6 years of schooling. Burger flipper : You're good to go right now! At risk of seeming... uhhhh... a tad blunt, my response to this question is... "welcome to the real world". People have varied talents and skills, and rightly or wrongly society tends to reward different talent and skills differently. The mortgage job that gave you the salary you cite is an aberration of traditional economies. You were caught up in a credit-driven economic bubble or mania in which people gave "housing" an imagined sense of investment that really it lacks. Thus, folks with few traditional skills could fall into work during this economic mania, earning far more than normally would be expected for this sort of work or for work that traditionally is available to one with your level of academic training. There likely will be no job available based on your experience and training that will provide you more than $10 per hour. Now, earnings often correlate to degree of training (and pertinence of said training) but earnings are not dependent, per se, on a given academic degree. Should you create a business that provides a much needed service, should you invent something useful, should you become a successfull actor or celebrity, etc, you might earn wonderful money. More power to you. But, as a high school graduate without any cited vocational skill (plumbers and electricians can do well... though the housing crash might weaken those careers too), and as a high school grad who made money disproportionate to your skill set due to your having stumbled into a business serving a now dying economic bubble, you might wish to consider returning to school to get degree of use or to accept a $300-400 per week job instead. regards evildoc |
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