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Response to The Sunday Times Rich List:

  • 27-04-2010 12:32am
    #1
    pilotgirl
    Closed Accounts Posts: 5 ✭


    I have Always wanted to ask someone smart and succesful what degree or industry you think would be the most promising and rewarding to go for ?
    Being 17 I am open to Every option and to be honest I would really love to be Happy when i'm older, completing task after task and getting richer and richer, Thank you please reply and help change my life !


Comments

  • #2
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    If you want to be millionaire-rich, what degree you have won't help you at all. I've never heard of anyone getting rich by working for someone else.

    If I was 17 all over again, I would definitely have started learning about the stock market. Even if I didn't know a single thing about stocks, I would have put whatever money I could spare into what some people call "jockey-stocks". These are basically companies that have smart and very experienced people who have been running them for years. When you come back to them in 10 years times or so, you'll have gotten a serious return thanks to the wonder of compound interest.


  • #3
    XxMCRxBabyxX
    Moderators, Education Moderators Posts: 7,441 Mod ✭✭✭✭XxMCRxBabyxX


    Getting into a job with the aim of getting rich is never the best option. My dad gave me the best advice one when he said that "You can always earn plenty of money in any job if you work your way to the top." It's not about getting the best paid job, but working your hardest in what you love to get to the top and be well paid.

    I'm studying Law at the moment and absolutely love it but I can't stand people telling about how it's going to get me rich. That's not why I picked it, and the people who have picked it because of that are going to be miserable in the future. In fact, when you first start out working in Law you can barely get paid anything!

    I see from your username and other posts that you want to be a Pilot. well try pursue that! It won't be easy but you will definitely enjoy it and could manage to secure yourself a great, well paid job, if you strive for the top! I have a friend studying to be a Pilot in America at the moment. He was the youngest person to get a flying license ever in Ireland and he still absolutely loves it!

    Just my 2c


  • #4
    foxyboxer
    Closed Accounts Posts: 3,528 ✭✭✭foxyboxer


    Have a read of "The Millionaire Next Door",
    Imagine if you met two people for lunch. One wore a tailored canali suit, a Rolex and turned up in a recent model Mercedes.

    The other man showed up in a jeans, a jumper, wore a Seiko and drove a 10 year old car. Who would you think is the millionaire?

    There is a difference between being rich and acting rich. Though the book focuses on an American Market it's basic argument is that the majority of rich people are incredibly FRUGAL.

    As they say in Texas "Big Hat, No Cattle"

    Wikipedia I know, but this link goves a decent overview of the main points.

    http://en.wikipedia.org/wiki/The_Millionaire_Next_Door


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