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.

save them the trouble of having to endure the bullying and vile behaviour which is the norm in many very posh schools.

What evidence is this based on? How can you possible say this is the 'norm'? I don't know anyone privately educated or their children currently at private schools who have experienced this.

I’m convinced moving into the catchment for a really good school (and paying the property premium) is better value for money than private school. Your house will almost definitely increase in value by the time they leave school and the best state schools achieve similar results to private schools.

I can see the value if a child was gifted and talented or had additional needs and no local state school could provide the tailored support they needed but otherwise why spend when you could invest?

mummymeister · Today 10:26
Posts like this always make me a bit sad tbh. I consider myself "rich" because we have enough money for food and heating, a nice house in a nice area but most importantly I have a husband who loves and supports me (30+ years married) and lots of children who, even though one has a serious health condition, are all doing well, independent, caring and happy. Why isnt that the goal or considered "enough"? I know lots of people in high powered jobs earning 6 or even 7 figure salaries. they have lots of "paid help" to support them, they often work on holiday or cut them short, they rarely see their families and children. if that is a measure of success or being rich then frankly I dont want it. I have a fulfilled retirement volunteering and being involved in my small community. so thats my advice on how to be rich. to spend time with those you love and to support and help those who cant support and help themselves. Money has nothing to do with it.

To have enough money for food and heating, and a nice house in a nice area
and .lots of children as you say you have, a young person starting out now ( not 30 years ago) would need the sums OP mentions. In fact the mentioned amount would hardly be enough.

@Lily073 its hiding in plain sight everywhere. You’re right, people don’t talk about it.

Reading this may help:

www.theguardian.com/society/2014/jul/20/damage-boarding-school-sexual-abuse-children

Although the sexual abuse is hopefully no longer going on, in my view the psychological abuse is still very much a serious problem.

I'm not denying that it happens but you can't claim it's the norm.

I know of someone who was a nurse and now does aesthetics and makes good money…

Also as PP said, pharma has a vast array of roles and a science /medical background is valued

dontbenastyhaveapasty · Today 13:23
@Lily073 its hiding in plain sight everywhere. You’re right, people don’t talk about it.

Reading this may help

www.theguardian.com/society/2014/jul/20/damage-boarding-school-sexual-abuse-children

Although the sexual abuse is hopefully no longer going on, in my view the psychological abuse is still very much a serious problem.

Independent school needn’t mean boarding school though. There are some excellent independent day schools in cities. There is not more abuse of any kind in these, as opposed to state, schools.

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I'd start a side line with botox fillers etc. People will pay more if a trained nurse does it. Even bit b12 injections!
Then stash the money away in a savings, carry on with midwife thing if you can and once you have money behind you, you'll be in a good position to move on. I'd also suggest LinkedIn if you havnt already.
I did the CPE and LPC which cost thousands and I never secured a training contract. My own fault for not going to a good uni. Odds were against me and this was back in 2005 so its prob even worse now!

I'm a registered nurse, I have never been a high earner, but I am richer than Croesus in other ways. I have a lovely husband, four incredible children, a friendship group who are supportive, loyal, funny and warm, a fabulous house with a view of the sea from my windows and a job I absolutely love.

Money isn't everything, and if the only way to achieve it is to marry someone like Boris, then I'd rather be skint.

I believe in this same team (advisory, London), there is no salary drop at partner, but no big jump either - think £200k rather than £400k etc. The headline figure for Big4 partner pay of ~£1m in an average and is massively skewed by some extremely well-remunerated senior partners.

Independent school needn’t mean boarding school though. There are some excellent independent day schools in cities. There is not more abuse of any kind in these, as opposed to state, schools.

It's not my experience of boarding schools either. I'm well aware some people have bad experiences though. I personally loved boarding and have very happy memories of my school days. I'm very lucky to have a close knit group of friends from those days too. That said, we digress....

I chose losing my soul over what I wanted to do 😂 became a chartered accountant no degree. Not wealthy but never feel the heat financially. £100k in my opinion isn't wealth it's just a little bit more disposable income and it's soon eaten up. Especially now. Mortgage going up heating and electricity going up and wages not moving in the same way.

I work with people who are actually wealthy and they fit neatly into a few categories:

Inheritance

Worked in countries with less tax, mostly dual + passport holders but some British ex pats as well

Went to the top universities even when it's definitely not required for the jobs they do they get the most pay. Always seems daft to me when plenty of (far more) intelligent people don't even go to university. But then in the past it's obvious social links helped give you the step up, I've met a few CEO male and female at very large corporations that I have zero respect for.

Made money from property because they feel into the luck age bracket to be able to do this.

I'm quite wealthy but work my ass off for it (12+ hour days are normal). I work with lots of smart and successful people but to be the best in your career, sacrifices need to be made.

Or rather, it’s tight at the top. My husband is a BigLaw partner in NYC. He’s just shy of eight figures. One upstart firm in NYC paid their equity partners $2-$24m last year. Law pays crazy money in the States, but these people at the top are a few thousand in number. Many more are earning much, much less. And the hours are unpredictable, long etc.

I don't have any advice on getting rich, but just to say please don't assume it will make you happier. The trouble with high earnings is you get used to it, and even if you are so miserable at work, once you have high outgoings like private school, car payments, you are trapped. I work as a nanny for a very rich family and the father was utterly fed up in his job but couldn't leave and do something lower paid as they were so trapped in their high outgoing lifestyle.

I was wondering about the veracity of a supposed 97% attrition rate for graduates... 🙄

Get into accounting/finance. Many people can start at apprentice level now, after 4 years qualification, and perhaps another 5 years in London you can be working as an in-house Finance Director and earn the kind of salary you are thinking of.

Qualify then set up a private midwife / doula service agency for all the other midwives leaving the NHS to deliver private maternity services to wealthy people. You could scale this up pretty easily and cheaply and be taking home £100+ in net profit in around 2-3 years.

I’m a business coach

Hi OP, I saw sales got a shout out above and just came on to second that. Lawyer here but my partner is senior in sales and makes a lot more money than me with a better work/life balance. Fwiw, I love my job but hated my degree so if you can grin and bear it for 3 years you may still find law enjoyable. Good luck!

My salary would (just) fit in your earning band if I worked full time. I’m a GP. It’s taken me a very long time and lots of unsocial hours to get here. It’s hard to juggle a career and parenting but doable, just takes even longer to progress if you reduce your hours. As you know it’s long hours and hard work and as you’ve identified the NHS is falling to pieces thanks to chronic underfunding, but if you enjoy midwifery maybe medicine is more your bag and you would eventually have a higher earning potential once you are about 5-15+ years in depending on speciality and if you train full time. I doubt you would get there in time to send your son to private school and there are definitely quicker ways to making money, so I guess it depends how much you want to do something you love vs something that earns you lots. I am obviously very much in favour of doing what you love, it’s easier to be good at something and work hard if you love it and you’ll spend so much time at work in your life it’s worth doing something that interests you imo.
Good luck.

The top three millionaire jobs in America are engineer, attorney and teacher. There’s a Dave Ramsey study of 10000 of them. Most became millionaires through hard work rather than inheritance etc.

Become a midwife, then continue to do a masters and a PHD and work in the world of 'midwifery research', then write a book about it, get it made into a TV show and sit back and live off the profits and fame.

Bitcoin, meta verse etc you need to be an early entry to “yhe next big thing” youll never be rich working as a midwife or working as 99.9% of anything tbh