Re:How to get rich without getting lucky
by keiferski on Friday June 01, 2018 @06:29AM
(#17204082)
1. Keep expenses low, stay out of debt, the usual.
2. Avoid industries with boom and bust cycles. Additionally, avoid career paths that may become irrelevant in 20-30 years.
3. Instead, learn skills that will always be useful, regardless of the state of the economy. Typically this means the trades, but be careful there - certain trades are too dependent on a good housing market. Most medical fields (like nursing) are also pretty secure. Also consider boring fields like accounting or certain governmental positions. Many government jobs are a bit more stable than the open market - you are sacrificing income for reliability.
4. For bonus points, pick a field that allows you to easily freelance. In the future, when you have enough money and want more time, you can scale your work hours down.
2. Avoid industries with boom and bust cycles. Additionally, avoid career paths that may become irrelevant in 20-30 years.
3. Instead, learn skills that will always be useful, regardless of the state of the economy. Typically this means the trades, but be careful there - certain trades are too dependent on a good housing market. Most medical fields (like nursing) are also pretty secure. Also consider boring fields like accounting or certain governmental positions. Many government jobs are a bit more stable than the open market - you are sacrificing income for reliability.
4. For bonus points, pick a field that allows you to easily freelance. In the future, when you have enough money and want more time, you can scale your work hours down.