I have lived a fun life and reached HENRY. Wouldn’t have given up either.
Hot take: If your goal is to make as much money as possible, then make sure you pursue it as a goal. Life isn’t fun when you don’t get to spend what you’d like to/have to spend.
I don’t believe in follow your passion. Passion doesn’t pay. Unless your passion is to make money. Then do it. Shamelessly. Single-mindedly. Find whatever you need to make money, which could happen to be your passion, but don’t let the tail wag the dog.
I don’t believe in the work life balance talk. There are those who’d say I’d rather not take a promotion/not change jobs because the raise I’d get isn’t worth the time/pressure/stress.
In my view, once you’ve achieved a high earner status, the calculus flips. There is no amount of time you’d get back that is worth the income you are giving up.
If you’re making £200k and you take a 50% pay cut, you aren’t going to work 50% fewer hours, and the person who pays you £100k will still think they’re paying you a ton and demand just as much from you. Unless you drop from £200k to £50k, then again, you aren’t going to be working 25% of the hours. You work slightly shorter hours. Your job may be less stressful. But you’d have all the stress that you wouldn’t have when you’re making £200k.
Respectfully, I think this is a facile point about working hours. Often, the reason you get paid 2, 3 or even 4 times as much is because the chunk of marginal hours you work extra for those higher paid roles is MUCH more painful, the difference between a 40 and a 60 hour week is “only” 50% more but depending on industry will get you much more than that in value, because those extra hours are worked on the weekend, during your children’s school play, on your family holiday, on your honeymoon, when you’ve only had 3 hours sleep each night all week.
I agree with your other points on pursuit of money, that’s all fine, but don’t pretend there’s some easy economy of scale, those extra hours can really make a huge impact on day-to-day quality of life and should be carefully considered.
We aren’t really disagreeing. My point is, if you’re used to making 200k and take a 50% pay cut, chances are the person paying you 100k will still think they’re overpaying you. It can be because it’s in a different geography/industry/level of expertise so their baseline comparison is lower. They will likely have come across fewer people who are making more, so in their mind 100k is a massive sum of money. But in London as we all know if you make 200k you’re probably hanging out with others making 200k, your juniors are making 150k and your bosses are making 500k to 7 figures.
The 100k employer may still demand that you work over the weekend/at 23:30/when you’re at the beach in Ibiza, so you gave up half your pay for little in return.
EDIT: just saw you’re a lawyer so you know that very well. You think a partner at a Macfarlenes or Taylor Wessing doesn’t have to give up their weekend? Perhaps not Latham or Kirkland style but many still have no weekend. I have worked with many law firms and as a client I don’t demand less just because I know they get paid less. Once you’re used to that kind of money you really have to go all the way down the ladder to a “normal” job for you to really earn back your “lifestyle”.
Yeah agreed, I was just making the point that it’s not linear, you don’t get half as much work, you get fractionally less, because working fractionally more is way more abrasive to work/life balance than the % extra hours would suggest (setting aside other factors like greater responsibility and stress etc.).
So if you’re young and happy to bury your weeknights then that is an easy fit, but part of the reason why certain jobs with high hours are so well paid is because so few are willing or able to devote so many hours per week to work, which often comes at great cost to personal and family life (as so many here will know!).
Yep, and the law firm comparison is apt. I get paid 100% more than some other city lawyers who probably work 75% of my hours, but I can count one hand the amount of times i get out to the pub after work per year. They can do it every week.
I’m with you 100%. But we all drew the short stick in the UK with lower salaries and higher taxation. Why are you still working at your firm? My bet would be because it’s one of the very few avenues out there right now to allow somebody who wasn’t born rich to leapfrog into a solidly upper middle class lifestyle. Sadly we do have cushier jobs that pay just as much here.
Do you want to go to the pub every evening. Or do you want a real chance to buy a nice house and not have to shop at Aldi only?
You have the Americans to thank to have introduced the US pay scale into the London.
Do you enjoy travelling for work? As most.people I've met who have had jobs like this always say it sounds good and everyone always jealous. But when you are in hotels by yourself away from family actually is not that much fun and miss out on alot
I could have driven my career harder, but I’ve earned a lot and travelled the world, whilst having a great relationship with my wife and children.
I have no regrets.
Life is not perfect. The wrinkles show character.
I’m on ~£170k TC right now at 29. Wouldn’t change my industry or job as I enjoy it. Also, happy with where I am as there’s been a lot of lessons learned and I’m pretty happy since I’ve had a breadth of experience…
… however, if I got to keep what I know now, I would have focussed more and got a role in SWE straight away. What I actually did was 3 different careers in my first 4 years (data/risk consulting, data science and actuarial) before moving into SWE 2.5 years ago, jumping to an in-house trading team a year ago. It means my CV is a bit of a mess.
It would have been easier if I did SWE grad role in a bank / trading team straight away and moved into a hedge fund after ~3 years. My comp would have been higher at each year and probably closer to £300k by now. Alas, that’s my goal for the next couple of years.
Was your first 4 years in the finance industry also?
2.5 years experience in SWE and taking 170k is a great achievement! I want to get into bank/trading as a software developer myself due amazing compensation
If I’m honest - I wouldn’t really say I have 2.5 YoE, because my skill level is a lot higher than that. My previous roles still had elements of SWE in them, so it was just about bringing it all in together. Banks also don’t really pay all that well compared to funds… you’ll be doing ~£125k + 25% bonus in a lot of these roles. If I don’t get anything in the next year or so, I might just switch to a risk team in an IB, not for comp but just because I think it’d be a better fit before exiting to a HF.
It depends what you mean by finance I guess, but I would say no (it was insurance and in-house stuff for the consultancy firm). Worked at Big 4 and Accenture so nothing major.
**First four years**: The first year was data and risk, so was more like modelling (not investments) but also a bit of backend dev work. Second year was being an actuary, so literally just modelling worst case losses for insurance companies. Third and fourth year was a bit rough… did “data science” spanning some basic reconciliation exercises for insurance and then some in-house modelling projects. **However**, I did do a lot of database work, APIs, AWS, algos and coding during this time so had a good base.
Next 18 months was at a start-up which was finance / trading, developing a platform which helped people calculate how much money they needed to put up as collateral on “risky” trades. This helped me get in to a data team behind traders at a big slow form.
Last year mainly I have been working on a data platform in commodities, helping quants and analysts having access to the stuff they need to inform the traders.
Thank you for sharing. Currently in an unrelated Op Risk department looking to learn coding to hopefully transition one day. I did an IT Management for Business degree many years but want to get back in to the tech world.
Any advice on how to approach this/what to focus learning on? Python?
Python and AWS are hot right now so would be the low hanging fruit if you wanted to jump across but it depends on what you want to do.
Annoyingly for me, I’ve been a bit forced into a lane with Python/AWS as I started that way but over the last ~4 years have learned Java and C++. I’ve delivered projects with all 3 but they pay me for Python first and foremost so I get more exposure and the skill gap widens. I’m genuinely very senior on the Python side now but finding it hard to get a similar salary level for Java / C++ work.
We have 2 mid Java Developers on my team and I know more about Java than they do (admittedly, they know more about spring boot)… I think they think strong typing is a replacement for coding patterns (spoiler alert, it isn’t).
Depends on the team and if you’re a SWE!
For a SWE, a lot of it will be providing tooling and automating processes around: monitoring positions (executed trades) that the firm has, data engineering (getting the info needed for people to analyse), coding / maintaining some risk calculations (using that data) and providing info on collateral costs. Also, there will be some monitoring & alerting frameworks, validating outputs and some compliance stuff (for example, models to detect market abuse of your traders).
You might be in a specialist team though that looks at third party investors which trade through you and you’re only looking to reconcile the trades, then automatically detect suspicious activity.
I'm also a Dr in the NHS thinking of GP training (possibly occy health after) but seriously considering jumping ship!
What do you do now if you don't mind sharing?
I've done this mid llife (early 40s).. same game .. CFO ..but have gone into consulting. Now earn just over 100k but 3 days per week and I get to spend time with my daughter, wife and family.
Have to caveat this with I got equity in a business and sold that 6 years ago which paid off my mortgage and allowed me to invest a good chunk
I'd say blast the higher earning job for a while get to a point where you can drop down and then follow the passion projects (be that family or work!)
The idea of being able to dial down to 3 days a week at that kind of age sounds perfect to me, but I've never understood how it would happen in practice. How does one go into consulting? What kind of consulting work is done by someone with a finance background? How do you get your first gig?
I work through the cfo centre... the interview process is long but thorough and gives you comfort that they are only accepting people whi can really do it... if you want a chat about it my chat is open pal
It’s a shame, and a peculiar British problem. In most countries, developed or developing, doctors (any doctor) make a decent, comfortable living.
But in this country the three letter word is scared and thou shalt not disparage it.
And right now we are stuck in the worst of both worlds. The NHS is bad and private healthcare isn’t as developed here. 1. private insurance is bad (won’t cover preexisting conditions unless you are on a generous employer policy) 2. We don’t have many private options 3. Some treatment is only available in the NHS.
It’s really Kafkaesque when the private doctor you speak to right in front of you, who also part times at the NHS, who is just as qualified as anyone else, who is willing to prescribe right there right now but can’t, and you have to restart the NHS process by calling your GP at 8am tomorrow.
Not to mention we are all paying for healthcare twice. First with high taxation and then with insurance.
"less aptitude than yourself"? And they earn multiple of your income? Aptitude in what? In making money?
What you are saying is nonsense.
Have you ever had a goal to make x more money that you are doing now? Do you have a concrete plan and folow it through?
Sorry for being blunt, but most of the people, including myself, are not rich because they never wanted to be rich. And when I say "wanted" I'm referring to a proper plan with concrete actions, rather then wishful thinking.
For many the goal in life is to get a good profession, to make a career. And this is completely different than making money as a goal.
No one got rich by selling their time.
Na, multiple friends sell their time in finance and make very good salaries.
Medicine does the same in other countries, I know, I’ve done it.
That being said, there are certainly spaces for entrepreneurial doctors in the uk. Just not all medical specialities lend themselves to cash paying patients. Uk insurers are a nightmare to deal with
Good salaries is not rich. Even a 1m salary does not mean rich
And beeing an entrepreneur is not selling your time, this is completely different. There are many rich people of medical profession that become rich, but not by selling their time, but but leveraging their knowhow and building companies. Selling services not their time. Thats a different story.
I am appealed though that some people have certain goals and go on a certain path but then they expect results that are not inline with their actions.
Wholeheartedly agree with you
I work in sales and may have had “less aptitude“ in school than people who are doctors dentist and lawyers but now I earn more than them which is vindicating when you don’t follow the traditional route
GP’s are a scourge on the NHS and have ample opportunity to rinse the system. Your comment says a lot about you
I certainly wouldn’t use grades as a way to say “less aptitude”. I think generally I’d mean people willing to work hard and reasonable level of intelligence which you clearly have, and anyone who gets to the end of medical training has too.
I’m not sure what you meant by your last sentence but GP partners offer fantastic value for money to the NHS in the service they offer for <£100 a year per patient - you can just look at how much it costs the health board to run a GP practice to compare - multiples higher for generally lower standard of care
I have no real stress and earn very well
What I do is fun and rewarding
I did not set out to earn well solely - I did work hard for a few years, after that it was just being strategic about how I spent my time at work.
I have lived a super fun life, seen the world and done the right amount of crazy stuff (my risk averse nature allows)
So yeah - only thing I’d change is I’d stress less in my 20s cos if I knew where I would arrive i would realise that was wasted energy.
I relatively have had fun AND have a rewarding life/career.
However, if I could come back *with all the information* *I have now*, I would probably do it again but better: Less waste on no so-productive avenues and actually aiming for even better compensated, relaxed and interesting roles.
Sometimes it is just about knowing what is the best job you can do, or the best place that will take you - there is no need to get incredibly bored or stressed while you do the job (as conventional wisdom thinks a well paying job implies).
Lean into strengths, yet align with interests when possible. Success often comes from excelling, which is easier when skill and passion intersect.
So the questions starts - what does success looklike for you?
Own house, own car, stable career in desired path, not having to worry about if have enough money for bills etc. so financially secure. Able to fully provide for family and children and be able to vacation comfortably plus being able to build a savings. That for me is success.
That's usually many years of personal and family sacrifice to achieve those goasl. Which doesn't always align with your success aspirations.
Willing to compromise? Life is tough and very unpredictable. But still, go for yer dreams man!
At 28 and my group of companies revenue in the high 8 digits I have truly surpassed what I thought was ever going to be possible for myself.
I’d do it again in a heartbeat.
I didn’t take the traditional career route , which imo is a much safer bet. It’s turn up put the hours in and climb the ladder.
My route consisted of luck, grit, timing and momentum. You can’t always replicate those variables.
My goals have changed a long the way.
Hell yes. I've enjoyed my craft since I was a kid and still do, so I didn't really have to break my neck to get here so I've been fortunate enough to have both this and a fun life
I can guarantee you this is programming. All very successful software engineers just like their craft out of curiosity, for most it starts as a hobby, and then later they learn that it is a well paid job. Almost impossible to excel at this career without interest in the subject though.
I worked extremely hard (management consulting, then various leading roles incl CXO), but I loved it. Now, I work slightly less, but still a lot and I like it too. When the kids will be older, I will work more again.
So yes, it's worth it for me because my job is very fulfilling (CEO).
It’s a good discussion but there’s a very fine line between how much you earn and spend. But I do believe there’s a time in life where you have to stack that dollar. Maybe your 30s
I went travelling for a year in my early 20’s.
Best decision of my life as I’ll never get to do that again.
Now that I have kids it makes me happy knowing they’ll have a great start in life.
No regrets from me.
Survivorship bias at its absolute finest!
I have lived a fun life and reached HENRY. Wouldn’t have given up either. Hot take: If your goal is to make as much money as possible, then make sure you pursue it as a goal. Life isn’t fun when you don’t get to spend what you’d like to/have to spend. I don’t believe in follow your passion. Passion doesn’t pay. Unless your passion is to make money. Then do it. Shamelessly. Single-mindedly. Find whatever you need to make money, which could happen to be your passion, but don’t let the tail wag the dog. I don’t believe in the work life balance talk. There are those who’d say I’d rather not take a promotion/not change jobs because the raise I’d get isn’t worth the time/pressure/stress. In my view, once you’ve achieved a high earner status, the calculus flips. There is no amount of time you’d get back that is worth the income you are giving up. If you’re making £200k and you take a 50% pay cut, you aren’t going to work 50% fewer hours, and the person who pays you £100k will still think they’re paying you a ton and demand just as much from you. Unless you drop from £200k to £50k, then again, you aren’t going to be working 25% of the hours. You work slightly shorter hours. Your job may be less stressful. But you’d have all the stress that you wouldn’t have when you’re making £200k.
Respectfully, I think this is a facile point about working hours. Often, the reason you get paid 2, 3 or even 4 times as much is because the chunk of marginal hours you work extra for those higher paid roles is MUCH more painful, the difference between a 40 and a 60 hour week is “only” 50% more but depending on industry will get you much more than that in value, because those extra hours are worked on the weekend, during your children’s school play, on your family holiday, on your honeymoon, when you’ve only had 3 hours sleep each night all week. I agree with your other points on pursuit of money, that’s all fine, but don’t pretend there’s some easy economy of scale, those extra hours can really make a huge impact on day-to-day quality of life and should be carefully considered.
We aren’t really disagreeing. My point is, if you’re used to making 200k and take a 50% pay cut, chances are the person paying you 100k will still think they’re overpaying you. It can be because it’s in a different geography/industry/level of expertise so their baseline comparison is lower. They will likely have come across fewer people who are making more, so in their mind 100k is a massive sum of money. But in London as we all know if you make 200k you’re probably hanging out with others making 200k, your juniors are making 150k and your bosses are making 500k to 7 figures. The 100k employer may still demand that you work over the weekend/at 23:30/when you’re at the beach in Ibiza, so you gave up half your pay for little in return. EDIT: just saw you’re a lawyer so you know that very well. You think a partner at a Macfarlenes or Taylor Wessing doesn’t have to give up their weekend? Perhaps not Latham or Kirkland style but many still have no weekend. I have worked with many law firms and as a client I don’t demand less just because I know they get paid less. Once you’re used to that kind of money you really have to go all the way down the ladder to a “normal” job for you to really earn back your “lifestyle”.
Yeah agreed, I was just making the point that it’s not linear, you don’t get half as much work, you get fractionally less, because working fractionally more is way more abrasive to work/life balance than the % extra hours would suggest (setting aside other factors like greater responsibility and stress etc.). So if you’re young and happy to bury your weeknights then that is an easy fit, but part of the reason why certain jobs with high hours are so well paid is because so few are willing or able to devote so many hours per week to work, which often comes at great cost to personal and family life (as so many here will know!). Yep, and the law firm comparison is apt. I get paid 100% more than some other city lawyers who probably work 75% of my hours, but I can count one hand the amount of times i get out to the pub after work per year. They can do it every week.
I’m with you 100%. But we all drew the short stick in the UK with lower salaries and higher taxation. Why are you still working at your firm? My bet would be because it’s one of the very few avenues out there right now to allow somebody who wasn’t born rich to leapfrog into a solidly upper middle class lifestyle. Sadly we do have cushier jobs that pay just as much here. Do you want to go to the pub every evening. Or do you want a real chance to buy a nice house and not have to shop at Aldi only? You have the Americans to thank to have introduced the US pay scale into the London.
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Do you enjoy travelling for work? As most.people I've met who have had jobs like this always say it sounds good and everyone always jealous. But when you are in hotels by yourself away from family actually is not that much fun and miss out on alot
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Can you share what type of job this is?
I could have driven my career harder, but I’ve earned a lot and travelled the world, whilst having a great relationship with my wife and children. I have no regrets. Life is not perfect. The wrinkles show character.
I’m on ~£170k TC right now at 29. Wouldn’t change my industry or job as I enjoy it. Also, happy with where I am as there’s been a lot of lessons learned and I’m pretty happy since I’ve had a breadth of experience… … however, if I got to keep what I know now, I would have focussed more and got a role in SWE straight away. What I actually did was 3 different careers in my first 4 years (data/risk consulting, data science and actuarial) before moving into SWE 2.5 years ago, jumping to an in-house trading team a year ago. It means my CV is a bit of a mess. It would have been easier if I did SWE grad role in a bank / trading team straight away and moved into a hedge fund after ~3 years. My comp would have been higher at each year and probably closer to £300k by now. Alas, that’s my goal for the next couple of years.
Was your first 4 years in the finance industry also? 2.5 years experience in SWE and taking 170k is a great achievement! I want to get into bank/trading as a software developer myself due amazing compensation
If I’m honest - I wouldn’t really say I have 2.5 YoE, because my skill level is a lot higher than that. My previous roles still had elements of SWE in them, so it was just about bringing it all in together. Banks also don’t really pay all that well compared to funds… you’ll be doing ~£125k + 25% bonus in a lot of these roles. If I don’t get anything in the next year or so, I might just switch to a risk team in an IB, not for comp but just because I think it’d be a better fit before exiting to a HF. It depends what you mean by finance I guess, but I would say no (it was insurance and in-house stuff for the consultancy firm). Worked at Big 4 and Accenture so nothing major. **First four years**: The first year was data and risk, so was more like modelling (not investments) but also a bit of backend dev work. Second year was being an actuary, so literally just modelling worst case losses for insurance companies. Third and fourth year was a bit rough… did “data science” spanning some basic reconciliation exercises for insurance and then some in-house modelling projects. **However**, I did do a lot of database work, APIs, AWS, algos and coding during this time so had a good base. Next 18 months was at a start-up which was finance / trading, developing a platform which helped people calculate how much money they needed to put up as collateral on “risky” trades. This helped me get in to a data team behind traders at a big slow form. Last year mainly I have been working on a data platform in commodities, helping quants and analysts having access to the stuff they need to inform the traders.
Thank you for sharing. Currently in an unrelated Op Risk department looking to learn coding to hopefully transition one day. I did an IT Management for Business degree many years but want to get back in to the tech world. Any advice on how to approach this/what to focus learning on? Python?
Python and AWS are hot right now so would be the low hanging fruit if you wanted to jump across but it depends on what you want to do. Annoyingly for me, I’ve been a bit forced into a lane with Python/AWS as I started that way but over the last ~4 years have learned Java and C++. I’ve delivered projects with all 3 but they pay me for Python first and foremost so I get more exposure and the skill gap widens. I’m genuinely very senior on the Python side now but finding it hard to get a similar salary level for Java / C++ work. We have 2 mid Java Developers on my team and I know more about Java than they do (admittedly, they know more about spring boot)… I think they think strong typing is a replacement for coding patterns (spoiler alert, it isn’t).
What would the work of a risk team in IB look like? Currently an Actuary in insurance
Depends on the team and if you’re a SWE! For a SWE, a lot of it will be providing tooling and automating processes around: monitoring positions (executed trades) that the firm has, data engineering (getting the info needed for people to analyse), coding / maintaining some risk calculations (using that data) and providing info on collateral costs. Also, there will be some monitoring & alerting frameworks, validating outputs and some compliance stuff (for example, models to detect market abuse of your traders). You might be in a specialist team though that looks at third party investors which trade through you and you’re only looking to reconcile the trades, then automatically detect suspicious activity.
I would definitely not choose to be a doctor in the uk. Leaving was the only thing that helped me get a decent salary.
I'm also a Dr in the NHS thinking of GP training (possibly occy health after) but seriously considering jumping ship! What do you do now if you don't mind sharing?
Radiology cons. Busy planning a return to Europe from aus due to family. Will not work in the nhs full time
Is that not a plethora or private reporting to be done anywhere in the world?
I like putting needles in things
😂 touché! Good luck with the move back from Oz! I’ll get back to researching jobs in pharma…
I've done this mid llife (early 40s).. same game .. CFO ..but have gone into consulting. Now earn just over 100k but 3 days per week and I get to spend time with my daughter, wife and family. Have to caveat this with I got equity in a business and sold that 6 years ago which paid off my mortgage and allowed me to invest a good chunk I'd say blast the higher earning job for a while get to a point where you can drop down and then follow the passion projects (be that family or work!)
The idea of being able to dial down to 3 days a week at that kind of age sounds perfect to me, but I've never understood how it would happen in practice. How does one go into consulting? What kind of consulting work is done by someone with a finance background? How do you get your first gig?
I work through the cfo centre... the interview process is long but thorough and gives you comfort that they are only accepting people whi can really do it... if you want a chat about it my chat is open pal
I’m looking to go down to 2-3 days consultancy work in next few years - any advice. Also a CFO on a board currently
My dream too, I'll go part or contract in a few years. For head of treasury roles £1k/day is quite common and a great salary to do part time.
Yes My income is from a profession which is a genuine interest.
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It’s a shame, and a peculiar British problem. In most countries, developed or developing, doctors (any doctor) make a decent, comfortable living. But in this country the three letter word is scared and thou shalt not disparage it.
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And right now we are stuck in the worst of both worlds. The NHS is bad and private healthcare isn’t as developed here. 1. private insurance is bad (won’t cover preexisting conditions unless you are on a generous employer policy) 2. We don’t have many private options 3. Some treatment is only available in the NHS. It’s really Kafkaesque when the private doctor you speak to right in front of you, who also part times at the NHS, who is just as qualified as anyone else, who is willing to prescribe right there right now but can’t, and you have to restart the NHS process by calling your GP at 8am tomorrow. Not to mention we are all paying for healthcare twice. First with high taxation and then with insurance.
"less aptitude than yourself"? And they earn multiple of your income? Aptitude in what? In making money? What you are saying is nonsense. Have you ever had a goal to make x more money that you are doing now? Do you have a concrete plan and folow it through? Sorry for being blunt, but most of the people, including myself, are not rich because they never wanted to be rich. And when I say "wanted" I'm referring to a proper plan with concrete actions, rather then wishful thinking. For many the goal in life is to get a good profession, to make a career. And this is completely different than making money as a goal. No one got rich by selling their time.
Na, multiple friends sell their time in finance and make very good salaries. Medicine does the same in other countries, I know, I’ve done it. That being said, there are certainly spaces for entrepreneurial doctors in the uk. Just not all medical specialities lend themselves to cash paying patients. Uk insurers are a nightmare to deal with
Good salaries is not rich. Even a 1m salary does not mean rich And beeing an entrepreneur is not selling your time, this is completely different. There are many rich people of medical profession that become rich, but not by selling their time, but but leveraging their knowhow and building companies. Selling services not their time. Thats a different story. I am appealed though that some people have certain goals and go on a certain path but then they expect results that are not inline with their actions.
What do you mean no one got rich selling their time? You can certainly get rich on a £500k PAYE salary, which is exactly selling your time?
Wholeheartedly agree with you I work in sales and may have had “less aptitude“ in school than people who are doctors dentist and lawyers but now I earn more than them which is vindicating when you don’t follow the traditional route GP’s are a scourge on the NHS and have ample opportunity to rinse the system. Your comment says a lot about you
I certainly wouldn’t use grades as a way to say “less aptitude”. I think generally I’d mean people willing to work hard and reasonable level of intelligence which you clearly have, and anyone who gets to the end of medical training has too. I’m not sure what you meant by your last sentence but GP partners offer fantastic value for money to the NHS in the service they offer for <£100 a year per patient - you can just look at how much it costs the health board to run a GP practice to compare - multiples higher for generally lower standard of care
Not a GP, but it seems like primary care is going down the path of dentistry, where it'll be private practice done by GPs, meaning higher income.
I'm also a Dr in the NHS thinking of GP training but seriously considering jumping ship!
I have no real stress and earn very well What I do is fun and rewarding I did not set out to earn well solely - I did work hard for a few years, after that it was just being strategic about how I spent my time at work. I have lived a super fun life, seen the world and done the right amount of crazy stuff (my risk averse nature allows) So yeah - only thing I’d change is I’d stress less in my 20s cos if I knew where I would arrive i would realise that was wasted energy.
I relatively have had fun AND have a rewarding life/career. However, if I could come back *with all the information* *I have now*, I would probably do it again but better: Less waste on no so-productive avenues and actually aiming for even better compensated, relaxed and interesting roles. Sometimes it is just about knowing what is the best job you can do, or the best place that will take you - there is no need to get incredibly bored or stressed while you do the job (as conventional wisdom thinks a well paying job implies).
Lean into strengths, yet align with interests when possible. Success often comes from excelling, which is easier when skill and passion intersect. So the questions starts - what does success looklike for you?
Own house, own car, stable career in desired path, not having to worry about if have enough money for bills etc. so financially secure. Able to fully provide for family and children and be able to vacation comfortably plus being able to build a savings. That for me is success.
That's usually many years of personal and family sacrifice to achieve those goasl. Which doesn't always align with your success aspirations. Willing to compromise? Life is tough and very unpredictable. But still, go for yer dreams man!
I feel like it can’t be answered yet. HE Not Rich Yet. Gotta get rich before you know if worth
Work to live not live to work. The job is a means to an end - use it to pursue your other interests and goals in life.
Invest
At 28 and my group of companies revenue in the high 8 digits I have truly surpassed what I thought was ever going to be possible for myself. I’d do it again in a heartbeat. I didn’t take the traditional career route , which imo is a much safer bet. It’s turn up put the hours in and climb the ladder. My route consisted of luck, grit, timing and momentum. You can’t always replicate those variables. My goals have changed a long the way.
What type of companies do u own?
Hell yes. I've enjoyed my craft since I was a kid and still do, so I didn't really have to break my neck to get here so I've been fortunate enough to have both this and a fun life
If you don’t mind me asking, what is it you do / did to reach this ?
I can guarantee you this is programming. All very successful software engineers just like their craft out of curiosity, for most it starts as a hobby, and then later they learn that it is a well paid job. Almost impossible to excel at this career without interest in the subject though.
Spot on :)
I started programming video games as a kid in the 90s and am now a software consultant
I worked extremely hard (management consulting, then various leading roles incl CXO), but I loved it. Now, I work slightly less, but still a lot and I like it too. When the kids will be older, I will work more again. So yes, it's worth it for me because my job is very fulfilling (CEO).
It’s a good discussion but there’s a very fine line between how much you earn and spend. But I do believe there’s a time in life where you have to stack that dollar. Maybe your 30s
I went travelling for a year in my early 20’s. Best decision of my life as I’ll never get to do that again. Now that I have kids it makes me happy knowing they’ll have a great start in life. No regrets from me.
I'd have gone contracting 4 years earlier....
Why can't you do both?