To ask how I can become "rich"?

[raincabin]

I know this sounds ridiculous.

I would like to be a high earner, I grew up working class and my knowledge in this area is lacking. I have tried to do my own research but found it difficult, with a lot of opposing answers and many sites/people just trying to sell!

I am doing a midwifery degree, I have always been academic and considered law but I knew I would find it boring.

What can I/should I do so that I can become a high earner?

I dream of nice cars, holidays and not having to worry about stretching until the end of the month. I'd also love to be able to send DC to private school.

I am open to anything.

@Kanaloa Good ones are booked up months in advance in my field. We're desperately short of good people and there is no shortage of work. We generally book on a quarterly basis for 3 days/week. I've worked regularly with some freelancers for over 10 years.

These people are highly skilled and very good at what they do.

Marry rich would be my advice

If you love midwifery, stay with it. As @Seaweedandsalt flagged, lots of options post qualifying. Especially consider a portfolio career - few days 'regular' midwifery post, few days in HEI (research?) and think about building a private income also - over time your balance of these things may change. If you're academic and enjoy working in that area, masses of opportunities for good registered staff in education / research / evaluation. On the consultancy front, doula, lactation consultants etc.

Agree with that. I am self employed law. Decent income (within what the OP is looking for) but not the nonsense of beds in offices.

Wow. Thank you everyone.

I will read through properly this evening. I really do have a lot to think about.

Pharma interests me, I don't know a lot about it so will be doing some research.

Thank you again.

Yeah, you can easily get rich if you just change the definition of what it actually means.

Document review lawyer for Magic Circle firms also pays fairly well and is usually exclusively from home (at least for S&L). You can easily earn in the OP's bracket of wishful salaries and it's fairly low stress home working.

Become Prime Minister (it must be your turn soon) muck everything up, resign and then do thirty minutes speeches for £315,000 a pop.

First of all congrats on the promotion! Can I just ask, is this in London or a regional office? The Big4 directors I know earn in the £130-150k base salary, but this is in London and in advisory rather than audit/tax.

I was senior at a Big 4 until last year - money is good but the pressures can be intense if you want to really perform. Not ideal with a young family. Hence a lot of Big 4 partners have some personal issues...

You can earn quite well as a midwife if you’re willing to do more than your 3 shifts per week, one weekend bank and one night per week would bump you up by probably £400-500 per week. I’m sorry OP but if you haven’t done A levels then I think you’ll struggle to get in to a lot of careers, 80k is just not attainable for most people. It also wouldn’t cover private schooling, I think you need to be realistic about that.

The best advice I was ever given was that all the time you can’t earn more, at least make sure make sure you are spending less!

Accountancy

private midwife/bank work

it really is rubbish when you complete a degree or partway through realise what a hellish decision you have made!!

at least you can do a masters or post grad in something else!

I admire your ambition though

the other important thing is to be with a man who is also as ambitious as you! Sooo important

Northern region, tax role.

Feel free to PM if you have any other questions!

DOn't forget you also get 100+k every year for life after that

Have you thought about recruitment

It’s not just family life, it’s generally bad for your mental health. My friend was academically gifted and went into the city at 22, had a breakdown at 28 and is a financial advisor now. Another friend wanted to earn big money quick so went into high end sex work, had a breakdown and is now retraining in another profession. Neither of them have much to show for it either as they spent a lot on flashy things. I think if you work your way up over time conditions are better but most get rich quick jobs come with huge sacrifices.

Yes.

Independent school average across the years £15k per year (actually more travel, meals etc) Yarm is £4,921 a term for seniors (assuming you live in Hartlepool)
Nice car- to buy or rent £12k- 18k a year
That leaves you with less that £16k post tax for mortgage, food , holidays everything else
It isnt enough (even in Hartlepool)

Private midwife?

You dont get £100k - you can claim office expenses to support the costs of being an ex PM- not the same at all

Do you still end up with an initial salary drop when you become a partner?

Software sales is something you could move into without qualifications and earn a huge amount of commission after a couple of years.
Many tech jobs are remote so you could get a SE salary even if you live in a low earbibg location, but you’d need to gain some qualifications first.

Not a quick option as you would have to have several years under your belt in clinical practice, but it combines law and midwifery.

If you invested some money in courses like court skills, did a lot of additional clinical training, got to quite a senior level. You could do private expert witness work on birth injuries/ errors/ malpractice, for which you could charge anything from £140 to £250 an hour.

Some of the most deeply unhappy people I know are wealthy. Most of the highest mega bucks earners I know work insane hours which are not at all compatible with family life.

I wonder why you dream of sending your children to private school? Did you have a negative experience of school, and hope that fee-paying will save your children from a similar experience? As someone who went to a very famous posh boarding school, I have no regrets at all about sending my children to state schools; the quality of education they are receiving is as good or better than mine was. As for the social “polish” and extra curricular activities: well, I can deliver that for them, and save them the trouble of having to endure the bullying and vile behaviour which is the norm in many very posh schools.

There are very, very few jobs where you’ll be earning more than £35,000 on entry, until you have experience and are of proven value to your employer. Those high paying graduate entry jobs are (a) pretty much all in London; and (b) only recruit from a small pool of Oxbridge/Durham/St Andrews graduates who have stellar A levels, a stellar degree, and (usually) the “right”family background that has given them access to unpaid internships and contacts. You aren’t in group (b), and sadly no matter your academic ability, it’s pragmatic to be aware that you are not in this group.

There are a lot of jobs all over the country that give you earnings of £30-50,000 once you’ve got a bit of experience under your belt. Midwifery is one of those jobs. As long as you’re in a 2 earning adult household, that is definitely sufficient for a life with an annual nice holiday and a car. Earn more than that, and you might go on the nice holiday more often, but you’ll be on your laptop and phone the whole time as you’ll need to be available for work…

I suggest a deep think about what really is important to you: what is it about financial success that you really want?

the other important thing is to be with a man who is also as ambitious as you! Sooo important

So true. Two high earners together enable so many more opportunities to grow wealth.