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/biz/ - Business & Finance


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12797279 No.12797279 [Reply] [Original]

Me 27 yo, a network architect, cissp, ccie and jncie certified, also learned how to code by myself. have a high monthly income from my work and an extra income from consulting in my field. People keep telling me "you should go get a degree, muh safe net" "without a degree it will be hard for you to get better positions in your company" is there any reason going for any degree? Or just a scam?

>> No.12797343
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12797343

As a 26yo tradie, ex fisherman that owns and manages 4 rental properties for a neat passive income and only works 3 days a week. I dropped out of school at 16 to work on the boats. I say degrees are bullshit because all other people my age just graduated and are all poorfag liberals who whine about the lack of work available for their useless degrees.

Pic related, my recent vacation in bali

>> No.12797363

>>12797279
colleges will go out of business in 10 years
invest in an expensive computer

>> No.12797407

Undergraduate degree is worth having but you get diminishing returns past that point.

>> No.12797430

>>12797279
if you got already years of experience and an ccie you probably dont need a degree since with your "assumed" knowledge most likely enough

a degree will be only a piece of paper for you to get around hr - so networking would be probably chaper and more effective in your position

>> No.12797503

>>12797279
Quit high school my second year and I'm better of than probably 80% of the population of my country.
My friend worked his ass off to get a degree, he didn't start working until he turned 25 (last year) and he earns roughly 4k a month. Meanwhile, I've been making that kind of money since I was 20 which only increased throughout the years.

Now.. the main differences:
1. I earned money for 4 years, building up solid bank before he even got a degree.
2. His paycheck will increase roughly 2% annually by today's standards. Which means he will make ~6k a month in 25 years IF he can keep that job, if the company goes down in flames or he gets fired because of layoffs he then has to start over at another company. Solid core wage, but the growth of the wage will obviously reset.
3. My portfolio (+dividends), real estate investments and other investments will rack up probably a 8-10% increase annually. I have never done the math on it, but my increasing stake in real estate alone is enough to dwarf his growth.

Getting a good degree is a stable future for stupid people, that's my take on it.

>> No.12797576

>>12797279
It depends. A degree is typically more valued in the public sector, certs in the private. But certs expire and degrees don't. At larger private companies; lack of a degree could prevent promotions. But with an active ccie and some experience you should be making 100k/year contracting or at a good sized company

>> No.12797703

>>12797343
How do i work towards owning rental properties?

>> No.12797738
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12797738

>>12797279
>>12797343
>>12797363
>>12797503
>>12797576
The issue with all this shit is it doesn't agree with reality. People who go to uni earn approx double, have a net worth FAR higher, the earnings difference is actually getting larger despite memetards saying it's getting less relevant. You can look up individual jobs (plumber/electrician) and the best paying non college jobs only match bachelor's, and obviously once you count only stem masters at good university the difference becomes huge again

So why is it on biz most people are the exception to the rule and most threads everyone is a loser. My best guess is larping

>> No.12797862

>>12797703
Get enough for a downpayment for a mortgage + any additional costs. Usually start around 30k depends where you live. This is the hard part. I pretty much saved everything I could for 3 years straight, no luxuries, drinking etc.

You have to have a solid job and a clean credit record. I had a permanant job on boats at 19 with 3 years experience, that was enough to be approved for mortgages at the time.

Do your research. I found cheap urban areas close to industrial areas where rentals were in high demand. Bought a house for 220k when i was 19 with 40k ( had a 350k mortgage. Spent about 10k on maintanace and improvements . The rent on that property i was able to charge was $100 more than the mortgage repayments.

Always hire a manager if you dont know what you are doing. Managing propertys with tenants is a full time job.

And basically from there you just rinse and repeat. After i paid off my first house I used it for collateral for the next, then took out a mortgage for the 3rd.

Now i get about 300pw in passive income, no need to pay mortgage repayments, live basically rent free.

Patience and research, join landlord groups on fb for info of your region, also being a handyman helps to cut costs on maintanance.

>> No.12797883

>>12797738
Those graphs are bullshit

>> No.12797921

>>12797738
A doctor will be earning 120k at 40 while a plumber will be earning 80k at 25. Your stupid graph doesnt take into account the amount of time it takes to acquire those qualifications.

Miners in australia are making double than the "professionals" on your graph.

Also, if your living to make a good salary, youre going to have a shit life. Build assets.

And most graduates flunk and leave with useless art degrees. My generation is a disgrace.

>> No.12797959

>>12797343
bali is a shithole. i'm assuming you're living in australia, like Cairns/Brisbane or something?

>> No.12797968
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12797968

>>12797921

https://www.bls.gov/oes/2017/may/oes_nat.htm

>Plumber average= 56k
>general practitioner = 209k

Your estimates are so, so far off it's impossible you're anything but a neet.

>> No.12798693

>>12797738
the thing is he has a ccie which is quite valuable at least in Europe and is amost equal to an degree

>> No.12799074

>ccie & jncie
nigga you're set for life lol don't fall for the college scam

>> No.12799094

>>12797738
This lol.
I've been pulling 65k to start with a BEng. Friends without degrees are doing 30k/year tops. Sure, somewhere that unicorn who makes 100k/year in trades + 80k in overtime exists but noone knows where or who that is

>> No.12799096

>>12797279
>also learned how to code by myself
at what age did you start? I'm 30 and I'm starting right now. Can I become engeneer-level?

>> No.12799108

>>12797279

Degrees are mostly a scam. Once you hold a position you are in and the best way to get a "better position" is to leave for another job.

How much do you make doing that? How long did it take to get to your level of pay? Can you work remote?

>> No.12799251

>>12797862
>Do your research.
where do you find numbers on real estate transactions and activity?

>Always hire a manager
how much does that eat into your overhead?

How much time do you spend working on the properties? It seems like the real estate people I know work over 40 hours. As a professional, I want to do real estate for 'passive' income but don't know how much more time i can give.