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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask how I can become "rich"?

447 replies

raincabin · 08/11/2022 00:04

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.

OP posts:
Gwenhwyfar · 09/11/2022 09:31

"Obviously medicine takes years and years to train"

But the midwifery degree would help, wouldn't it?

99problemsandaballisone · 09/11/2022 09:34

There are pharma med comms agencies too. Medical writers can earn well but usually have a phd after a life sciences degree. However they're hard to recruit so you never know. The same firms need account executives, ideally with a scientific background, so if you think you could be a good project manager, budget builder, customer relationships person, that's an one way to get in.

There are many med comms agencies and more that offer some wfh work now. You can do two years in one then get a promotion elsewhere quite easily and work your way up. BUT agency work is hard, full of deadlines, and to get really ahead you will need to have a few years not earning that much, throwing yourself into it. You need to be resilient, willing to be part of pitches, willing to do tedious stuff too.

Definitely worth looking at the in-house jobs pharma companies have, like regulatory work and so on.

Gwenhwyfar · 09/11/2022 09:34

BadLad · 08/11/2022 11:53

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

Lol.

I also think it's useful to look at pay per hour. If I look at it like that I'm better paid than many people in the jobs above me because I never have to do unpaid overtime. Some of those long hour jobs probably work out at a low range of pay per hour you actually work.

Rhythmisadancer · 09/11/2022 09:35

If you're academic and enjoy midwifery, isn't medicine the obvious choice?

Sixpence1977 · 09/11/2022 09:43

The other issue that impacts on finances is peoples romantic partnerships and living arrangements . I was fine living in shared houses when young but I have two friends who just couldn’t tolerate it.

My friend has got divorced twice. Another friend may be facing his second divorce, this is going to get very messy. It’s always hard to predict the outcome of romance, so far so good for me. If DH and I make it and it really is till death do us part even then there will be a financial differences due to our pension rules for the widowed being different.

Janch13 · 09/11/2022 09:45

IT Sales. B2B £££££

happytobemrsg · 09/11/2022 09:47

The richest people I know either own their own successful business or are in sales (& are very good at it).

CloudybutMild · 09/11/2022 09:47

raincabin · 08/11/2022 01:20

@AliensAteMyHomework

If you had read all of my posts, you wouldn't have made such a fool of yourself by posting this.

£80-100k is rich to me and a lot of people I know.

How out of touch you must be.

Being so snappy isn’t a old start if you want someone to give you a job paying a lot of money,

£80k might seem like riches now, but the after-tax amount doesn’t map to the sort of life that you were describing. It can certainly be very comfortable, but it’s not likely to remove any money issues and allow nice sports cars and plenty of high-end holidays.

DH and I both moved into finance in our twenties, and it’s probably still one of the best areas in which to earn very high money.

ChangeNameagain2 · 09/11/2022 09:47

@raincabin midwifery, 1) get up the management scales quickly, there are absolutely £80,000 roles in NHS. Do some management courses too, project on change on ward etc. The posts are easy to get if you put your mind to it.

  1. go private, same plan to management but in private hospitals

  2. your own business, doula, private midwife, breastfeeding support, sleep consultant. Be a one stop shop for mothers from pregnancy to 1yr +, just yourself 1st then recruit more people. Know your audience, people with £££ will and do pay for these things.

  3. pharma/medical sales. So much money here. One of the big companies in uk/Ireland (also cover the whole of Europe) the top chief executive is a woman, who 15yrs ago was a nurse working down South and joined from the bottom up. It's absolutely achievable

  4. Manifest!! I am a completely sane person who thought this was rubbish but I'm now a convert. You live the life you want in your head first. Manifestation Bestie on Spotify, start there.

Winter2020 · 09/11/2022 09:50

Hi OP,
I hope you are still here after some of the weird replies.

I have read all your posts (but not all posts as the thread is long) so I can only apologise if I am repeating an idea already given by others.

I saw an episode of "Rich House poor house" (or similar it was a while ago) and the "rich" lady was entirely self made through hard work and setting up a cosmetic tattoo business. Tattooing eyebrows and other male up I think. I think she also did some free or not for profit work like for people suffering alopecia or after breast reconstruction. By the time the programme was made her business included training others to do what she did. The "poor" lady was a beauty therapist and the "rich" lady offered to train her up for free and support her to design a website and market herself and was going to mentor her.

This kind of work might be a good match for your skills as being a midwife your background science/health.

I'll see if I can find the link with a Google but that's my suggestion cosmetic tattooing. You could potentially do some of those posh facial that put currents through the skin etc if you studied that also. Basically things that charge £200 for a shortish time of working.

Winter2020 · 09/11/2022 09:50
  • make up
Carryonmarion · 09/11/2022 09:59

I know some high earners who have started off in midwifery and then gone on to NHS management, research then academic professors, public health managers earning not far off 100k P/A - obviously not super rich but also as someone with a WC background, I'd call that very comfortable at least. There are very established promotion pathways. One friend of my daughter's did midwifery straight from uni, practised for a few years then did a MSc in public health and now earns 47k as a community sexual health lead at the age of 25. Again, I know that's not "rich" but a very good trajectory for a 25 year old and her future is very promising.

Crazykatie · 09/11/2022 10:02

Becoming rich is very difficult unless you are very focused and very lucky, and sorry midwifery is not going to do it. I did nursing and midwifery for 38 yrs, along the way I had 4 children too, now I have a nice pension, it’s not an easy job but you will always have work.

For a woman to become “wealthy” marry a rich man OR be dedicated to whatever career you choose and don’t have children.

Winter2020 · 09/11/2022 10:03

These are the links I found
permanentmakeuptraining.co.uk/katy-jobbins-rich-house-poor-house-channel-5

permanentmakeuptraining.co.uk/katy-nadine-rich-house-poor-house-channel-5-what-happened-next

I'm not suggesting you should take this training - but look into the industry and if you fancy it you could look at all the various training routes carefully.

Kiplingroad · 09/11/2022 10:16

@Crazykatie I agree that you can marry a rich man to get rich, but you can also marry a stable, working man and have a comfortable life.

What you don't want to do is marry someone who doesn't contribute or sabotages your hard work with drinking, overspending or just generally sucking the life out of you.

pixie5121 · 09/11/2022 10:24

This reply has been withdrawn

Withdrawn at poster's request.

MerryDeath · 09/11/2022 11:18

to be honest OP, i think your idea of yourself as ‘academic’ is questionable. do you mean good at taking exams? memorising facts? orderly and methodical?

very few subjects can be described as boring, certainly not a huge subject such as law. if you have an intellectual curiosity, actually things get more interesting, the more you know. but.. if you find the concept of e.g ‘law’ to be a wall, i would guess that you are not particularly academic.

perhaps you are more vocationally suited, if you need that tangible result e.g a baby. if so that’s great as midwifery is of course an amazing career! unjustifiably poorly paid but we live in hope for one day a government that is not tory.

and the other good news is you don’t need to be ‘academic’ to be a high earner and shouldnt waste time and money on a degree you don’t feel strongly about. and it can be difficult to be an actual high earning lawyer anyway, it’s plausible to be a perfectly fine, middle ground lawyer on ~50-100k. but you need to be very ruthless and focussed to make 150k+… i would hazard a guess that if you don’t have a clear drive to see the potential and pick a subject it would be difficult to achieve these heights.

really, once again I’m back to politics, we should be operating in a society where skilled people such as midwives are able to live comfortable lives. that’s what needs to change! use your votes wisely!

Changerofthename1 · 09/11/2022 12:03

This reply has been deleted

Withdrawn at poster's request.

Kids learning a bit of Java in the computer club for one hour a week will most definitely not be taking over DevOps experts with 15 years experience under their belt, they’ll be reporting into them.

Brokendaughter · 09/11/2022 12:14

Go and read this very short book
"What the Accountant Taught His Daughter: Or What School Didn't Teach You About Money"

It's free on Kindle Unlimited or you can borrow it from the Library.

Then, have a really good think about money & what it is that you really think would make you feel rich, rather than just a list of things you think would make other people think you are rich, or that you think they do because they are rich.

Then, have a look at things like Mr Money Moustaches website (might not be the route you want to go & you have to skip his occasional obsessive rants about cars).
He downsized his life & increased his income so he could retire before 40.
You might not be prepared to go as far as he does, but might pick up some tips on maximising what you have.

You need to learn about money, investments & all that 'boring' stuff like pensions.
You haven't got a chance though if you want it to be 'easy'.
The people who succeed often get called lucky, but usually they worked really really hard to be in a position to take advantage of the 'lucky' thing.
Nobody is going to knock on your door & give you the answers & there is no course you can buy or sign up for guaranteed to make you rich.

If you aren't born to money, you will have to work very hard & go without along the way to get a little bit then use it to build up into something better.

If it was easy, everyone would do it.

If you have a partner, you also have no chance unless he is on board.

Look at capitalising on what you have.
Do you have knowledge that you could sell?
e.g.
Could you build up e.g. a YouTube channel about becoming a Midwife in the UK, with study tips, stuff about how to manage your time while being student & doing placements etc..?
Could you do that well enough to then sell a guide people could buy, or set up a Patreon?
Those are things you could try to do around your studies when you are bang up to date with what's in the current curriculum, so it's knowledge not everyone has.
Things for those thinking of becoming a Midwife might want to know, that could be helpful etc...
You can get yourself a reputation as an 'expert' just by being known enough in your field.
Review stuff that Midwives might buy or recommend to clients if you have access to them.
Do videos on Christmas presents Midwives would like.

Or you could aim at the maternity population & do videos about "Things you wanted to ask your midwife but were too scared to ask", "What happens at a first appointment?" (I know they have a proper name but I can't remember what it is as it's a long time since I was pregnant!) or "Why does my Midwife ask me this?" etc..
You can even cover topics like disclosing to Midwives, explaining support available to women in violent situations etc.. who could be scared about what might happen if they asked a Midwife for help"

You do need to make absolutely sure that what you say follows the legal obligations for Midwives in that sort of area though & always include disclaimers.

Mum & baby channels do well, pregnant women might be interested in a Maternity channel.
There are always more of them.
All it would cost you is time, you don't need a fancy camera set up to put up a few videos, you could even do them on your phone, e.g. 'here's me in my car on the way to' (not showing clients of course)

Then, if you build yourself a bit of a reputation, you can look at selling a 'course' or pdf book.
Work at it well enough & you could also write a book related to what your channel is about, then you can advertise yourself as 'author of...'

All those things add up & have potential.

You need to think outside of the box of a regular job & see where you can use what you already know/have to generate extra income.

It might take a while to work, but the more you are out there, the more opportunities can come your way.

Just make sure if you put yourself on Social Media, you ALWAYS present a professional front & assume every potential client/employer will see every single thing you say.
NEVER use real life examples from clients because they could be identified.
Don't bitch about stuff because it might come back to bite you.

There an idea for 2 channels from a random person who doesn't really know much about you.
It doesn't matter if there are already Midwife/Pregnancy channels.
If you can do a good job, there is always room for one more.

Rack your brains, there must be more you could turn into potential income streams.
For YouTube, you need 1000 subscribers to get monetised, but you spend your life as a Midwife with potential subscribers who are most likely to be interested in what you say.

Luckydip1 · 09/11/2022 12:15

To get rich slowly you don't have to have a big salary but you have to be frugal and invest as such as you can. With the compounding returns you can become a millionaire this way but it takes a long time and you can't spend all your money on your kids. I would also avoid getting married as there is a high chance (50% divorce rate) you would have to give away 50% of your assets to your ex unless he was as prudent as you.

99problemsandaballisone · 09/11/2022 12:30

This "Look at capitalising on what you have.
Do you have knowledge that you could sell?"

Reminded me of something. A colleague years ago gave me a piece of advice which is if you want to be paid well, become the expert on something. He knew lots about something quite random (maybe payments on mobile back when it was all in its infancy) and ended up becoming a consultant for all sorts of companies.

Obviously that won't be your topic, but if you are an expert in anything, then you can create content on it, or sell that knowledge. In business I find so many people don't actually know anything - they want to achieve or create things they don't have the knowledge to do themselves. So they call in the experts...

SleeplessinSouthwold · 09/11/2022 12:51

Brokendaughter · 09/11/2022 12:14

Go and read this very short book
"What the Accountant Taught His Daughter: Or What School Didn't Teach You About Money"

It's free on Kindle Unlimited or you can borrow it from the Library.

Then, have a really good think about money & what it is that you really think would make you feel rich, rather than just a list of things you think would make other people think you are rich, or that you think they do because they are rich.

Then, have a look at things like Mr Money Moustaches website (might not be the route you want to go & you have to skip his occasional obsessive rants about cars).
He downsized his life & increased his income so he could retire before 40.
You might not be prepared to go as far as he does, but might pick up some tips on maximising what you have.

You need to learn about money, investments & all that 'boring' stuff like pensions.
You haven't got a chance though if you want it to be 'easy'.
The people who succeed often get called lucky, but usually they worked really really hard to be in a position to take advantage of the 'lucky' thing.
Nobody is going to knock on your door & give you the answers & there is no course you can buy or sign up for guaranteed to make you rich.

If you aren't born to money, you will have to work very hard & go without along the way to get a little bit then use it to build up into something better.

If it was easy, everyone would do it.

If you have a partner, you also have no chance unless he is on board.

Look at capitalising on what you have.
Do you have knowledge that you could sell?
e.g.
Could you build up e.g. a YouTube channel about becoming a Midwife in the UK, with study tips, stuff about how to manage your time while being student & doing placements etc..?
Could you do that well enough to then sell a guide people could buy, or set up a Patreon?
Those are things you could try to do around your studies when you are bang up to date with what's in the current curriculum, so it's knowledge not everyone has.
Things for those thinking of becoming a Midwife might want to know, that could be helpful etc...
You can get yourself a reputation as an 'expert' just by being known enough in your field.
Review stuff that Midwives might buy or recommend to clients if you have access to them.
Do videos on Christmas presents Midwives would like.

Or you could aim at the maternity population & do videos about "Things you wanted to ask your midwife but were too scared to ask", "What happens at a first appointment?" (I know they have a proper name but I can't remember what it is as it's a long time since I was pregnant!) or "Why does my Midwife ask me this?" etc..
You can even cover topics like disclosing to Midwives, explaining support available to women in violent situations etc.. who could be scared about what might happen if they asked a Midwife for help"

You do need to make absolutely sure that what you say follows the legal obligations for Midwives in that sort of area though & always include disclaimers.

Mum & baby channels do well, pregnant women might be interested in a Maternity channel.
There are always more of them.
All it would cost you is time, you don't need a fancy camera set up to put up a few videos, you could even do them on your phone, e.g. 'here's me in my car on the way to' (not showing clients of course)

Then, if you build yourself a bit of a reputation, you can look at selling a 'course' or pdf book.
Work at it well enough & you could also write a book related to what your channel is about, then you can advertise yourself as 'author of...'

All those things add up & have potential.

You need to think outside of the box of a regular job & see where you can use what you already know/have to generate extra income.

It might take a while to work, but the more you are out there, the more opportunities can come your way.

Just make sure if you put yourself on Social Media, you ALWAYS present a professional front & assume every potential client/employer will see every single thing you say.
NEVER use real life examples from clients because they could be identified.
Don't bitch about stuff because it might come back to bite you.

There an idea for 2 channels from a random person who doesn't really know much about you.
It doesn't matter if there are already Midwife/Pregnancy channels.
If you can do a good job, there is always room for one more.

Rack your brains, there must be more you could turn into potential income streams.
For YouTube, you need 1000 subscribers to get monetised, but you spend your life as a Midwife with potential subscribers who are most likely to be interested in what you say.

What an amazing post.

Brokendaughter · 09/11/2022 13:41

One last thing I forgot.
If you are posting about anything medical, never ever give even the tiniest bit of anything that can be construed as medical advice & always include a disclaimer that you can't offer medical advice/people should consult their doctor/midwife etc..

Not even that someone not pregnant can take an over the counter headache pill or put a plaster on a cut or that someone can drink a glass of wine in the evening.

Also, while at Uni, never name your location/uni or any hospital you are associated with.

Nothing you say is as representative on any of those places.

If you do have a go, don't tell your uni mates until you've got at least a dozen videos out & have roughed out a 'brand' for yourself.
Some people might want to copy you, but when faced with you already being more 'established', it will put them off starting because almost everyone has imposter syndrome & thinks they can't compete against what is already out there.

There are loads of really good free courses you can take on marketing your channel if you know nothing about how to do it.
They are usually offered with a hard sell at the end to get you to pay a lot of money to buy a course but you don't have to.
Normally, you'll find you get 90% of the really valuable info from the free course & the other 10% (that is in the paid for course) is covered by other people for free in various other You Tube videos.

TheaBrandt · 09/11/2022 13:55

The insurance for your “private natural birth centre” would be astronomical. Don’t you wonder why no one else has done it?!

Itsbadbitchoclockyeahitsthickthirty · 09/11/2022 15:07

This reply has been deleted

Withdrawn at poster's request.

15 years of standard progression from a baseline junior developer salary of 30k tops isn’t going to make anyone rich, come on.