careers for young people to aspire to.

[BOOSTDEF]

$400000 gets you a waterfront up here in brisbane. Less pollution and crime too.. :P:P

But seriously, 80k, what does that equate to weekly, after tax??? Anyone? I know 55k after tax is around $750 per week.
$300 - $400 for house repayments(if you wanna get it paid)
$100 for car repayments(even though the smarter thing to do would be to settle with something a little older/cheaper), transport, serviceing
$100 food
$150 bills
$100 for anything else ive missed...
Uh Oh, ive run out.

So id say the 80k is spot on.. But between a couple, if both are working and getting 45 each, you are more than set.

I will be finished uni in a year and i have a 60k job in line(civil engineering). So at 22 and on 60k, i should be on the way. The girl is currently one of the best hairdressors in QLD, winning competitions, working hi up in a big salon franchise, so she is set too.. (45k atm). We already own our own car, and a $7k boat. This is due to me working while im at uni. I am currently on 40k for 3 days work. Once it comes time to buy, the sale of these assets will be a perfect stepping stone.

Trick is, DONT GET MARRIED UNTIL YOU ARE SETTLED.... Save a killing on tax.

[whippet_zetec]

my advice for any youngun out there really wanting to make cash: learn a trade like plumbing, electrical, work bloody hard at learning as much as you can then start up your own business. The way people are these days they all pay people to do stuff for them and you are always going to need electricians and plumbers...

[Deadman]

Originally Posted by GFDINTEDIT

But seriously, 80k, what does that equate to weekly, after tax??? Anyone? I know 55k after tax is around $750 per week.

About $1090 / week (give or take)

I also think the title of the thread is a little out:

"Careers young people to aspire to" should not equal "what careers make a lot of money"

You should aspire to a career in something you enjoy and makes you happy. If you do a job just for the money, there is a possibility you will be very unhappy down the track no matter what you are earning.

I think you should look at what you enjoy, what your priorities are and what job would suit your lifestyle before you look at the $'s. You'll find in almost any career you'll probably be able to end up making decent money anyhow - IMO the important thing is that you enjoy it.

Originally Posted by gtfpv

no crap about doing what you love and persuing it . most of us who earn 80 000 + would rather be retired young surfing on a beach in hawaii. SO PEOPLE WHO ARE ON THIS MONEY + ARE UNDER 25 GIVE US THE GOSS.

I disagree with that. I got offered a job last year for $120k. It was in Sydney and my wife was still at Uni. I for starters don't want to leave QLD, and didn't want to distrupt her study, so I said no.

I'm much happier in my current job anyhow, I enjoy it a lot more, granted it's about $50k less per year than the other job, but I would hate it down there no matter what they offered me because I don't like Sydney.

If money is your priority, ok, but don't say "loving what you do and persuing it" is crap - you might just find that if you do that you'll end up on good money anyhow - because you'll be good at it and therefore probably do better in that career - and ultimately might go a lot further.

[Kenster]

Originally Posted by whippet_zetec

my advice for any youngun out there really wanting to make cash: learn a trade like plumbing, electrical, work bloody hard at learning as much as you can then start up your own business. The way people are these days they all pay people to do stuff for them and you are always going to need electricians and plumbers...

actually a bit of computer skills would be need as well i know a fair amount of computer but my passion is for cars.

Im 21 and i have study in Human Resource and Computer programming and i had pick up a few skills from those course but im about to start Automative in a few days and i want to go into doing Motor Technology if not i will use the knowledge in whatever company i work for.
I been a factory worker for a while since i finish high school and a fair few people like that can earn to buy a house and a car as well its all dependent on how the person is on saving and budgeting your the thing you use

[gtfpv]

Wow The Last 10 Or So Replies Have Been Very Informative And Great To Read. Cheers.

[RAREV8]

Originally Posted by gtfpv

ok i'll explain it . if you are young and want toi buy a house and get married and have kids . say you are 23. the cheapest house in sydney would be $280 000 . this will need work . so lets say you look at a more modest small home $350 000 you have saved 50 000 bucks already for a deposit . in which case you are already on great money . after paying off your hex fees etc . so you borrow 330000 to cover the costs of the house . do the math. now you have to get married . do the math . now one car or 2 . running costs . bills . baby do the math . food petrol. . you are just starting out . eiither one or both people have to bring home $80000 gross to borrow the money . then when pregnancy come about . wht then . a friend of mine 28 years old has a 90 000 a year job he has a 400 000 mortgage his house is old and needs work . he has a wife and a new born he has 2 cars. he is struggling big time . his wife had to go back to work. he is by no means living well but he is getting by.

Jeez, where can you get a house in Sydney for $280000??

If you can do it up and come away having spent a total of $350000 having paid a $50,000 deposit, youd be quite mad to then have a child....I have $50000 saved for a deposit with my partner and we would not risk borrowing $350000.
Our gross earnings are about $115000 pa and I have a company car, home office, mobiles etc all paid for and still this would be financal suicide.

Yes, it is affordable (just) but if one of us falls ill for a bit or some other unseen problem, house would be lost if it couldnt be rented.

GF's father is in property in Syd and sees it all the time, espec at the moment.

Even $80000 wouldnt cover it completely!

[Yummy Mummy]

Start your own business.

My boss is 24, set up a corporate organisation using a top down approach, and is set to make in excess of $3 million profit this year. (Good thing for me is I'll be getting a huge chunk of that as well)

As for investing, I wouldn't advise paying off your house. It's nothing to have a mortgage at 6-7.5%. Build up equity in it and use that to negatively gear investments, put as much into your superannuation as possible (Up to $15k per year for under 35year olds, so it's only taxed at 15%) and invest the rest in an aggressive portfolio. Look for tax deductible investments as well, alot of investment strategies mean you can claim 100% of your investment back which will reduce your taxable income.

[Jeld-Wen Falcon]

I think schools need to do more in the way of getting kids out into the working enviroment. Sure they have work expierience etc, but Id like to see 10 week courses in whatever the choice of the student.

When I was in Gr9 in wanted to work with computer, Gr 11 Mechanic, Gr12 had no idea and wasted a year.

This year, im trying a Wood Design course at Tafe.

Students shouldnt be all about getting the 'essentials' in the last 2 yrs of school. IMO its should be about expierience.

[Teki04]

Do something they enjoy. If they enjoy it, and try and be the best they can be at it, i guess they will make money, doesn't matter what job/career it is!

I just happen to love Real Estate. So, I'm doing a Bachelor of Prop Economics - and I work Part Time in Real Estate (just began) and earn about $20K a year. I'm 18 too. However, if i did work Full Time (which i do during the holiday) i would be making $40K a year. Pretty good on a starting basis! My friend also get's this pay at another agency. Oh, and we are pretty much guaranteed a 6 figure income about 3 years after completing the course - meaning i will be 24. Now, with this $40K Full Time, that is fine, however, if i did work full time, my boss would give me a full time contract. This, with commission, could mean i would earn $60K - at 18!

It is not hard to be successful. You just have to sell yourself, and try and be the best at what you do.

[Full Noise]

Originally Posted by Yummy Mummy

As for investing, I wouldn't advise paying off your house. It's nothing to have a mortgage at 6-7.5%. Build up equity in it and use that to negatively gear investments, put as much into your superannuation as possible (Up to $15k per year for under 35year olds, so it's only taxed at 15%) and invest the rest in an aggressive portfolio. Look for tax deductible investments as well, alot of investment strategies mean you can claim 100% of your investment back which will reduce your taxable income.

Could you show me half a dozen people under 35 who care about superannuation? Obviously with a comment like that you have a lot of equity in your house.

I’m not a financial advisor so don’t take my advice anyone. As far as super goes, I couldn’t give a rats *** about it. Anyone here who has a job where you’ve had to look death in the face at least once would probably agree. I’m interested in paying off my house and am prepared to sacrifice a few things to do it quickly, i.e. car mods. Knocking around $900 a week off that makes me sleep a little easier. I still leave enough to have a few luxuries, running costs for the GT-P, XR8 and anything the baby needs, remember, you’re a long time dead. My mortgage should be paid off in around 18 months.

My main priorities are providing for my family. You don’t need to be a rocket scientist to earn good money either, you need ambition, drive but more importantly you need to get off your ***. It amazes me how many people think that money is the be all and end all. With the industry I’m in you end up knowing a lot of seriously wealthy people. Quite frankly a lot of them are absolute scumbags and I wouldn’t swap places with them for anything. I would rather have enough to get by, be happy and be a decent person than be a millionaire piece of human filth that has to watch over their shoulder because of the people they’ve ripped off .

My 2 cents.

Cheers, Danny

[qwigybo]

I'm 21 and earn $48k p/a factory worker so i've pretty much been on the same since i was 18 with SFA chance of major increase by 25 (i work N/S and keep getting shafted for promotion coz of my age) my partner used to earn $40k and together we saved $40,000 last year and brought a house, then she got pregnant and had to quit her job (weren't expecting it) so now we have credit card debts, car loans and the mortgage and we're back down to one wage, it was a struggle at first but we're getting back on track. I've almost quit smoking put off buying my new car and sold my other car. But no matter what each week the priorities are paying the house and buying the essentials, if i run out of smokes stiff poop, someones having a b'day need to budget around it, etc. 80k would get us living comfortably again and i know b'go is cheaper than major cities but it can be done off a lower wage you just need to plan it right

[Full Noise]

Good luck with everything qwigybo, you have the right attitude.

Cheers, Danny

[MrSparkle]

If you want to "chase your dreams", then unless those dreams are in well payed industries, you will have to live with much more realistic expectations around how much money you will have and how you should use it. Like the others have said, you CAN do well in nearly any industry if you work hard at it and the elements come together for you. You should really sit down and have a good hard think about where you would like to be in 5 years time, and then in 10 years time, and then start assessing how your profession and investment strategy fit into that vision. It can be pretty daunting but the reality of it is that most of us have to work to achieve these goals rather than being handed them on a silver platter. At least if you know where you want to be headed, it gives you a purpose and a direction.

If you're lucky you'll start in a profession and workplace that you love, and that is providing you with enough to get started in achieving your goals. If you're not that lucky, (and the vast majority of us aren't), then don't throw in the towel - stick to your guns, keep disciplined in working towards your goals, and always keep an eye on other opportunities. Good things WILL happen if you do this - I can personally attest to it, having had a number of hard years working for companies that payed poorly and treated employees with outright malice, but I never gave in to them, kept my options open and my CV warm, and now I'm in a great company on excellent money.

[XRQTOR]

Originally Posted by Full Noise

Could you show me half a dozen people under 35 who care about superannuation? Obviously with a comment like that you have a lot of equity in your house.

I’m not a financial advisor so don’t take my advice anyone. As far as super goes, I couldn’t give a rats *** about it. Anyone here who has a job where you’ve had to look death in the face at least once would probably agree. I’m interested in paying off my house and am prepared to sacrifice a few things to do it quickly, i.e. car mods. Knocking around $900 a week off that makes me sleep a little easier. I still leave enough to have a few luxuries, running costs for the GT-P, XR8 and anything the baby needs, remember, you’re a long time dead. My mortgage should be paid off in around 18 months.

My main priorities are providing for my family. You don’t need to be a rocket scientist to earn good money either, you need ambition, drive but more importantly you need to get off your ***. It amazes me how many people think that money is the be all and end all. With the industry I’m in you end up knowing a lot of seriously wealthy people. Quite frankly a lot of them are absolute scumbags and I wouldn’t swap places with them for anything. I would rather have enough to get by, be happy and be a decent person than be a millionaire piece of human filth that has to watch over their shoulder because of the people they’ve ripped off .

My 2 cents.

Cheers, Danny

WHat industry are you in mate.

[Full Noise]

Originally Posted by XRQTOR

What industry are you in mate?

Road transport. I drive a B double petrol tanker.

Cheers, Danny

[GasoLane]

Originally Posted by Full Noise

Road transport. I drive a B double petrol tanker.

Cheers, Danny

I do the same a Danny, but I dont get my hands dirty ... and seeing the topic is or was "careers for young people to aspire to" this one area I wouldn't recommend, unless you like being pulled over by law enforcement types more often than a P plater in a Corvette with no mufflers!

[XRQTOR]

Originally Posted by Full Noise

Road transport. I drive a B double petrol tanker.

Cheers, Danny

What sort of hours do you work, you travel much.


It's a ИИИИ industry to be in, long hours hard work and ИИИИ pay.

[GasoLane]

Originally Posted by XRQTOR

What sort of hours do you work, you travel much.


It's a ИИИИ industry to be in, long hours hard work and ИИИИ pay.

It used to be for me but not these days.
10 hrs a day... then about 12hrs in a motel, including swimming pool time
No work, unless you count 10 hrs driving with 5 sets of traffic lights work.
At least 2 nights every w'end at home.
Take home about $950 pw.

After what I used to do this is Semi-retirement (pardon the pun)