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Forum
-> Household Management
-> Finances
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amother
OP
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 Wed, May 29 2019, 8:26 am
Any self-made frum people (meaning they arent working in family businesses, whatever theyre doing they started it themselves) who havent gone to college, making $250,000 plus?
What are they doing?
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amother
Orange
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Wed, May 29 2019, 8:32 am
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Yes. Although the has a bachelors, he never used it. He started a business:
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amother
Dodgerblue
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Wed, May 29 2019, 8:33 am
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amother
Bisque
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Wed, May 29 2019, 8:34 am
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amother
Burgundy
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Wed, May 29 2019, 8:39 am
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My brother in law makes over 300k no college. Nursing homes
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amother
OP
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Wed, May 29 2019, 8:42 am
| amother [ Burgundy ] wrote: | | My brother in law makes over 300k no college. Nursing homes |
Owner? administrator?
If hes an owner its a family business or someone gave him a very big chunk of money, its not self-made.
Average Nursing Home Administrator Salary is $88,312
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amother
Aubergine
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Wed, May 29 2019, 8:49 am
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amother
Sienna
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Wed, May 29 2019, 8:49 am
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This is pretty doable in a lot of the careers chosen by Chassidim with the right drive like real estate investments and brokerage, mortgage brokers and lenders, hard money broker, insurance, Amazon selling, construction, etc. But those careers are not right for everyone.
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amother
Babyblue
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Wed, May 29 2019, 8:58 am
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My husband. It seems like a lot but we live in New York and pay about 45% in taxes.
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amother
Burgundy
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Wed, May 29 2019, 9:00 am
| amother [ OP ] wrote: | Owner? administrator?
If hes an owner its a family business or someone gave him a very big chunk of money, its not self-made.
Average Nursing Home Administrator Salary is $88,312 |
Administrator. Salary can be quite high for a large one or an excellent administrator with a proven track record.
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amother
OP
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Wed, May 29 2019, 9:00 am
| amother [ Babyblue ] wrote: | | My husband. It seems like a lot but we live in New York and pay about 45% in taxes. |
With no help from relatives? doing what?
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ectomorph
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Wed, May 29 2019, 9:01 am
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No career is right for Every one. The highest earning person I personally no has no degree but has had tremendous mazel.
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Mommyg8
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Wed, May 29 2019, 9:12 am
| amother [ Sienna ] wrote: | | This is pretty doable in a lot of the careers chosen by Chassidim with the right drive like real estate investments and brokerage, mortgage brokers and lenders, hard money broker, insurance, Amazon selling, construction, etc. But those careers are not right for everyone. |
This is one of those myths that if said often become true. It's not.
There are a lot of rich people in our community, but there are a lot of very poor people as well. Dont kid yourself.
And a lot of those rich people went into a family business. And hard money lender as a legitimate career choice? You're kidding, right?
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amother
Crimson
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Wed, May 29 2019, 9:20 am
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Dh is not there yet but will be there is a few years iyh. Tech industry. He does have some certifications, and went to one of those coding boot camps, but not college. The tech industry is very flexible when it comes to degrees, many people have them, but many don't and are still able to do very well, especially once they've gained experience.
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dankbar
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Wed, May 29 2019, 9:23 am
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People make alot of money servicing/selling supplies to nursing homes.
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ectomorph
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Wed, May 29 2019, 9:23 am
| Mommyg8 wrote: | This is one of those myths that if said often become true. It's not.
There are a lot of rich people in our community, but there are a lot of very poor people as well. Dont kid yourself.
And a lot of those rich people went into a family business. And hard money lender as a legitimate career choice? You're kidding, right? |
Which community in the whole world doesn't have a lot of poor people??
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amother
Oak
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Wed, May 29 2019, 9:24 am
| ectomorph wrote: | | No career is right for Every one. The highest earning person I personally no has no degree but has had tremendous mazel. |
Never underestimate Mazel. I have three degrees from hard work but have misplaced my Mazel. 🤣🤷🏻♀️
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pg
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Wed, May 29 2019, 9:30 am
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Husbands friend started his own Amazon business.. Basically No English education at all, and started from the bottom up. After 5 years from startup earning way over that bh.. It's doable just needs a lot of willpower and of course seyate deshmiya
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amother
Sienna
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Wed, May 29 2019, 9:42 am
| Mommyg8 wrote: | This is one of those myths that if said often become true. It's not.
There are a lot of rich people in our community, but there are a lot of very poor people as well. Dont kid yourself.
And a lot of those rich people went into a family business. And hard money lender as a legitimate career choice? You're kidding, right? |
I agree that there are more poor people, which is why I said those careers are not right for everyone, but it is very doable for those who it is right for. Yes, a hard money broker is a doable career. DH's nephew is one. He is paid half of whatever the lender is paid at closing - similar to a mtg broker. He is not the lender himself but a broker for the lending company.
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