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Burnt out. Need a change.

lma19

Member
Jan 17, 2010
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Hello Perb fam!

So i am 34. My job has taken over my life it pays well 300-500k a year is what i have been averaging over the last 8 years. I need a career change. What is good? Thinking I only want to work part time. How is it being a uber driver? Or maybe a real estate agent? Any thoughts?
 

Buddyguy66

Active member
Jun 4, 2014
189
215
43
Hello Perb fam!

So i am 34. My job has taken over my life it pays well 300-500k a year is what i have been averaging over the last 8 years. I need a career change. What is good? Thinking I only want to work part time. How is it being a uber driver? Or maybe a real estate agent? Any thoughts?
I don't think being a real estate agent is going to help on burnout. Slow sales cycle, lots of potential disappointment, lots competitors, market is due for a crash. I was in a high pressure job for 31 yrs. The most fun, least stress i've had a pt driving job. Minimum wage but zero stress, no crap from my boss, do as i like as long as i'm pleasant to customers, deliver the product, get the payment.
 
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wetnose

Well-known member
Mar 23, 2003
2,068
474
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South Vancouver
If you have enough tucked away, quit and travel the world for a year. Do it cheap (hostels, etc) and you could do it for $20K at most. Gain some perspective, chill out and maybe learn some new skills. The question that you want answered is: what is something I like doing, can make money at and can do for the rest of my life?

After the vacay, if you want to be the head honcho, consider buying a business in the stable stage. Large moat (i.e. not much competition), repeating clients/customer base, recession proof. E.g. a small power tools dealership - guaranteed territories and decent ongoing service/rental revenue. Sane 9-5 hours, plus no matter what people still need to get their grass cut or hedges trimmed.

Or maybe an underserved area e.g. look at the food outlets near UBC, SFU, BCIT (or any large institution) and figure out what's missing. Maybe a fried chicken place near the new Hospital on Main Street? Or a new poke takeout joint near UBC? Whatever - find a hungry market, then find a product/service to match. (note: NEVER do it the other way - product then market. Far easier the other way. It means the cash is rolling in on day 1.)

Pretty rough being an Uber driver I hear. Have to deal with annoying drunks, pay is lousy and it's quite lonely. (google it and you'll see what I mean) Most RE agents actually don't make a lot, unless you speak Mandarin.

I hear good things about insurance adjusters though, plus it's growing due to climate change. Qualification takes about 2 years I think.

edit: regarding what I said about serving the market...look at Anton's in Burnaby. Marginal quality, but huge quantity. It shouldn't work but it does. Lineups all the time. Why? Because that's what the market wants.
 
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steverino

Well-known member
Feb 15, 2004
1,598
1,108
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A few years back, I was at the point where I was in a a bit of a rut; successful enough career but looking for new challenges. I also have more than enough financial reources than I will need so I transitioned to mentoring and volunteer type work with organizations that I am passionate about. I find it really engaging, rewarding and more meaningful than Uber driving or some other low commitment kind of job.
 

g eazy

pretentious douche
Feb 15, 2018
872
705
93
Not sure if being trolled. If youve made 300k-500k on average over the course of the last 8 years and you don't have capital saved up to answer this question, then no response will ever be able to satisfy what you're looking for.
 

g eazy

pretentious douche
Feb 15, 2018
872
705
93
Create an online course that teaches others how to make $300 to $500k a year and charge $100 for it. I would definitely sign up if I could upgrade from $50K a year to $300 to $500k a year. Many others would too I suspect.

JD
Did you forget the /s?
 

wetnose

Well-known member
Mar 23, 2003
2,068
474
83
South Vancouver
Same for CS, engineering, law, Accounting, career takes a lot longer to get that income. There's MD at goldman or smaller firms in New York that don't even make that much per year.
MDs @ Goldman get paid *very* generously now - US$450K base + $190K bonus (I've heard of more, depending on the desk)

https://www.glassdoor.ca/Salary/Gol...es-EJI_IE2800.0,13_KO14,31_IL.32,45_IM615.htm

It's possible for OP to be making that much after 10 years in futures trading. Probably traded for his company for 2-3 years then started on his own capital. If he knows what he's doing, 300k-500k is not that far out of reach.
 
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