Passion vs. Money

arplayer2k
Fri, 13 Aug 2010 02:23:32 +0000

I’m going to go ahead and disagree with some of the people here saying you will get rich with an Engineering degree. No you wont. Most engineers are in non-management position and are quite expendable. Engineers in upper management, which means you get an MBA after a few years of laboring away for your employer, would get you closer to an income, that can make you rich, albeit in the long-term with conservative spending habits and smart investing, you can definitely retire as a millionaire.

If you like BMW M3’s withe the Dinan package (or Horsepower Freaks 4.0), a Ferrari with a Rosso Novitech tuning package, a house on Diamond Head Beach, Oahu, vacationing in Europe, all at an early age, you are going to be disappointed going into Engineering. However, if you get an engineering degree, and start your own company based on skill sets you have learned, or a sector you have worked in, then you can definitely make it to that echelon. Working for somebody in a JOB (journey of the broke) isn’t going to get you into the top 1%, in most cases. Sure there are the lawyers who make partner (small percentage of overall lawyers), the doctors who build successful practices while working for a hospital, but most people in the 1% are into starting businesses / managing businesses rather than working for somebody else. Upper management is another sector, where if you get in early, you can make it big. However, the positions are limited, and require a lot of political maneuvering to secure.

To get a good idea of what it takes to climb to the top of the money ladder or even half-way there, check out the Forbes 400, and look into the biographies of the individuals who didn’t inherit their money.