What Should I Do Next in Life

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  John on 05/11/2018 - 02:14

  -1

  So many options.. but personally if I was in your shoe, I would invest in a reasonably priced house, work whatever job I could get with decent pay and pay off the mortgage as fast as I could. I would sell the car you are paying loan on now and buy a cheap one where I dont have to pay loans (4 years for car loan as a uni student is crazy IMO, how much is your car??). Once your mortgage are paid off you could do a lot of things with your life, even if you paid half of it you'd be better off once you are working full time. You'd probably lose a lot of social life doing this.. but one day you'll look back and be glad you did the hardwork at start while all your friends are busting their ass trying to save for initial deposit. But then again.. so many options. I just think paying off mortgage is life changing.

  PS: No, I didnt do this and I regret not being a wiser person when I was younger.

  Best of luck.

  • 

    blakeclayton12 on 05/11/2018 - 02:50

    Thanks for the input! My car is a new 2018 Hyundai Kona. Wanted athe new car and fell in love with it. Will be my long term next 20 years kinda car. Investment property seems like a great idea! Just need to save for it first. Forgot to mention I live in Sydney so prices are $$$. It’s my next goal

    • 

      John on 05/11/2018 - 09:41

      +2

      Oh man. I hate to say but I think that is your first mistake. Buying a new car is a luxury and given your financial position, its not a luxury you could afford (which you really couldn't, hence the loan). My first uni car was $3500 Daihatsu Charade. Not saying you should go that low, but you need to be realistic & smart with your spending. It doesn't matter how much water you put in if your bucket is leaking. My best advise is to look for ways to get rid of that loan in the next year. In fact, try to always be free of any bad/unnecessary debts.

      Another advise, stick with the strata managing & cleaning work with your dad's business then at least you can claim the car mileage on work.. whilst you help family business and learn tonnes of experience from it.

    • 

      spackbace on 05/11/2018 - 10:46

      +3

      You got rid of a perfectly good 2015 i30?

      • 

        HighAndDry on 05/11/2018 - 11:32

        +2

        That they bought

        for roughly 25k (33k after xtras including window tint, car packs etc)

        I've no words. They paid an extra 30% of the car's purchase price for extras.

  • 

    Ryanek on 05/11/2018 - 09:47

    +5

    Your advice is to put someone with no secure income onto a mortgage? Crikey.

    • 

      John on 05/11/2018 - 09:59

      -2

      Not saying it does not come at a risk. But if you buy the right property, it can work out (and it has worked out with some people). At least you're putting money in something that has potential for returns. Otherwise there's also stock market. Or, a simple saving.

      Anyway.. I think secure income is not about having full time job. Even with full time job you could lose it in any moment. I believe in working hard and getting income. Multiple part time job is still an income. Working your ass off is a secure income. My opinion anyway..

      • 

        Quantumcat on 05/11/2018 - 10:33

        He's not getting a mortgage with no job and not for the next 6 months or a year at least even when he gets a new one

• 

  Flanders on 05/11/2018 - 05:12

  +1

  i have just decided turning 23 soon, it time to try something new

  what type of jobs there are where I don’t have to start at the bottom of the totem pole again.

  These 2 aspects above do NOT go together. Lol. It is something I have come across before though.
  Nobody wants, to start at the bottom. Yet if starting something new where you have no exceptional skills or training at, why would boss start you anywhere but 'bottom of totem pole' ? With each and every new position you think about, ask yourself this question, before you go through interview and application process.

  If you cannot sell yourself, ie justify to employer why they should pay you more than someone else starting at the bottom, then forget about it. Unless it is family or friends doing you a favour, the management is not going to pay you more or start you at the top just because your kinda interested in trying the job and don't want to start at bottom like everyone else.

  Since you seem kind of interested in car sales, maybe try that. If you get the job though expect to start at the bottom . If you show promise as sales person, 1) You will get high wage as it is commission based . 2) If you show promise as a sales person, and show some interest and aptitude for management, then they may promote you, train you into management role. This happened to someone I know, they started as salesperson, was top salesperson within 6 months (got in the Ford magazine for his success) moved to 2ic, then boss became ill, moved into managers role. Be aware though, with car sales, there is failry good $$$ potentially, because of bonuses and commissions, but you have a ceiling where you move up then say your managing a high end brand dealership or managing a large dealership etc, your next step up is 'dealer principle' (aka owner) which you cannot do that step without several millons of dollars investment. So if you reach the top, cannot go any higher within business without fronting massive amounts of cash.

  Good luck with whatever you decide. Just don't be expecting to be starting anywhere at but the bottom in new job, unless you have training/skills/experience specific to that new job.
  From a management perspective, I'm just going to hire someone else, who realises their current worth, and is keen to work hard and learn the role well, to get ahead. Rather than hiring someone who thinks they should get a higher wage then the next person when the next person just because.

  Maybe try Hungry Jacks ? I have heard they promote faster up the ladder. At least that is something where you have experience and training already .

• 

  jellykingdom on 05/11/2018 - 08:35

  +2

  I'm definitely not going to suggest you get into cleaning, but i'm sure there's some opportunity for good learnings at your dad's business? You're studying Business and Management…maybe go actually learn how a business is managed? Learn about time management, dealing with difficult clients, competing priorities and deliverables, financials and P&L, coworker/subordinate/people management. Far out, you're only 23, it's not like this will be wasted time while your "biological clock is ticking" so to speak.

  If it's great, stay in the family business and look for opportunities to improve it.
  If it's Meh, stay for a year or 2, get some experience, then get an incredible job afterwards when you graduate.
  If it sucks, you're at least getting paid while you try to find something better right away.

  My friend tried car sales, and he had the personality for it…but he HAAAAAAAAAATED it, too much pressure, customers are all dicks, coworkers constantly trying to steal your sales

• 

  TheMindsetTraveller on 05/11/2018 - 09:46

  Take a year or two off and go travel the world - it will be one of the best things you do.

  Having been to 60 countries now; the world is such an amazing place, with so many wonderful people getting by life, you will see so many highs and then so many lows.

  • 

    [Deactivated] on 05/11/2018 - 11:18

    +1

    username checks out

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  cypher67 on 05/11/2018 - 10:10

  +1

  Bachelor in Business Majoring in Management … hate to break it too you but this will not make you that much more employable. This is the degree you go for when you are already a manager and looking to step it up to an executive level. The job you want requires experience not paper. No matter what industry you choose, you will need to start at the bottom. Look up graduate programs, salary starts low (~$55k-$60k) and you learn your craft. These program positions are extremely sort after and hard to secure so don't bank on them. Why would anyone hire someone who is 27, fresh out of uni with only a Macca's 2IC role experience for anything other than entry?

• 

  RandomNinja on 05/11/2018 - 10:16

  What do you envision doing once you have your degree?

  If small business like your dad's, then jellykingdom's advice about learning from your dad is great.

  If you're aiming to climb the corporate ladder, then I'd suggest you gain an entry level role in a company you'd want to work for. The experience you gain in working in those environments is valuable and can lead to better opportunities.

• 

  Quantumcat on 05/11/2018 - 10:38

  You should stay at McDonald's until you can apply for grad programs. Any other job you can get is going to be unskilled labour exactly the same and at least at Maccas you're not currently at the bottom of the pile, which you will be at your next job.

  Unless of course you have some kind of passion that can translate to an employable skill, but it doesn't sound like you have that or you would have already pursued it (by this I mean something like - you have a popular blog with hundreds of readers, you submit some writing to an online magazine, then you could try getting a job as a writer for a website, or, you draw manga really well, maybe you print tshirts or mugs with your designs and sell them at the markets or open an online store, or, maybe you love teaching and you start a tutoring business or get a job as a tutor in an existing one, or, you really like building computers so you start a business doing it for other people or get a job in a pc repair shop….)

• 

  DarthAntz on 05/11/2018 - 10:48

  by the time i was 31 i had started from the bottom of the totem pole 4 times, in 4 different role changes. it was great experience, and i know more about what i enjoy doing as a result.

  being almost 23 and putting a lot of pressure on yourself is completely unnecessary. everyone does it so its easy to see why you are doing it. think and write down all the opposites of what you are doing and feeling. there is strategy in knowing.

  either keep work the maccas job until your car is paid off, or ditch the car.

  start doing private study that supplements your management study and learn about an industry you are interested in, or can be interested in because its a new growth industry. i.e. something to do with solar or renewable energy (i have no idea about this industry or demands).

  jellykindom has a good point too, as with the knowledge and experience you gain from a home business, combined with the corporate knowledge of maccas, you can get a lot of experience necessary for starting something in between.

• 

  Randxyz123 on 05/11/2018 - 11:03

  If it was me, I would be working with your dad for the next 8 or so months and save up. Or I would reduce my hours at Maccas and work 1 day a week with your dad. Presumably 2ic at Maccas isn’t bad pay.

  Get rid of your 2018 car and buy a banger instead. Then buy a ticket to Europe and a return in 3 months and travel. Or better still apply for a student exchange program at uni and combine the 2. It was one of the best things I ever did.

  Buying a house can wait for a couple of years. At least till you graduate. You might apply for grad jobs and realise that your dream job is in a different city or country.

• 

  Donaldhump on 05/11/2018 - 11:04

  +3

  why quit mcdonalds if it will support you whilst at uni?

  • 

    cypher67 on 05/11/2018 - 13:03

    Kids these days think Uni is a fulltime job. 15 years ago I worked full time whilst doing Uni, sure it was tough but it had to be done.

    • 

      Donaldhump on 05/11/2018 - 13:58

      i agree after interviewing many now…

      i worked 32 hours a week, did 4 subjects, never slept, studied, worked, shit, ate…. spent what little money i did earn on rent, food, and general life.

      i sure as hell sleep alot now though

    • 

      Quantumcat on 08/11/2018 - 06:53

      I worked 37.5 hours and did 3 subjects

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  spackbace on 05/11/2018 - 11:39

  Car sales isn't the glitz and glam it once was. Finance commissions have dropped recently, and not many manufacturers have large gross. $100k income is only achievable by the cut-throat salespeople working at the right places. Not to mention 7 day trade over East.

  Also, your degree and work experience will mean diddly squat in sales. Your ability to sell, and get on with customers is #1.

  2IC at maccas… I don't see that being as significant as you think. Store manager has a lot more responsibility than you.