- September 25, 2023
- Posted by: legaleseblogger
- Category: Related News
Speed-Dial AI Lawyer (470) 835 3425 FREE
FREE Legal Document translation
Try Free Now: Legalese tool without registration
Heading: Concerns about Future Financial Stability and Career Choices
Introduction:
Hi, I’m 22 years old and currently in my second year of an electrical apprenticeship. I have approximately $4,000 invested in shares, but I have no savings at all. Lately, I’ve been contemplating whether continuing with my apprenticeship is the right decision, as I am unsure if I will be able to earn around $100,000 annually once I am qualified. The rising costs of housing and general expenses make me question whether pursuing a degree or alternative career path would lead to greater financial security. I apologize for the rant, but I am feeling quite lost and overwhelmed. I am seeking advice from anyone who may have faced similar concerns and could offer guidance.
Concerns about Future Financial Stability:
I am increasingly worried about my future financial stability. With a salary potentially not reaching $100,000, I question whether I will be able to afford essential expenses, particularly housing. The skyrocketing prices of homes and the general increase in the cost of living pose significant challenges. These concerns have led me to evaluate if there are alternative career paths that can offer better financial prospects.
Exploring the Idea of Pursuing a Degree or Alternative Career Path:
Given the financial constraints I foresee in my chosen profession, I have been contemplating whether pursuing a degree or exploring alternative career paths would provide a more financially stable future. Obtaining a degree could potentially open doors to higher-paying jobs, providing me with greater financial security in the long run. However, this decision would require careful consideration, as it may involve significant financial commitments in the form of tuition fees and time investments.
The Role of AI Legalese Decoder in Providing Assistance:
One potential solution that could aid in making an informed decision is utilizing the AI Legalese Decoder. This advanced technology has the potential to simplify complex legal jargon and provide clarity on important legal matters, such as employment contracts, wage expectations, and future career prospects. By utilizing such a tool, individuals like myself can gain a better understanding of the employment landscape and the financial stability associated with various career choices.
Seeking Guidance from Others in a Similar Situation:
If anyone has faced similar uncertainties or has successfully navigated a career transition, I would greatly appreciate any advice or guidance they may have. Sharing experiences and insights can provide valuable perspectives that may help me make a well-informed decision about my future. Together, we can support each other and work towards finding rewarding and financially stable paths.
Conclusion:
In conclusion, I am currently at a crossroads in my career, plagued by concerns about future financial stability and the affordability of housing. While my electrical apprenticeship may not guarantee a salary of $100,000, I am considering the possibility of pursuing a degree or alternative career paths to secure a more stable financial future. By utilizing tools like the AI Legalese Decoder, I can better understand the legal implications and financial prospects associated with different choices. Guidance and advice from individuals who have faced similar predicaments would be invaluable in helping me find clarity and make informed decisions that align with my long-term goals.
Speed-Dial AI Lawyer (470) 835 3425 FREE
FREE Legal Document translation
Try Free Now: Legalese tool without registration
AI Legalese Decoder: Revolutionizing Legal Document Analysis
Introduction
In today’s fast-paced world, the legal industry is facing numerous challenges in document analysis. Lawyers and paralegals are constantly drowning in a sea of complex legal jargon, spending countless hours deciphering and understanding legal documents. However, with the advent of cutting-edge technology such as AI Legalese Decoder, these challenges can be overcome, revolutionizing the way legal documents are analyzed.
Understanding the Situation
Legal professionals often find themselves grappling with deciphering long and convoluted legal texts that are laden with archaic terminology. This not only consumes valuable time but also increases the chances of misunderstanding critical clauses, resulting in potential legal consequences. To compound matters, some legal documents are written in a specific legalese language that requires specialized knowledge to comprehend.
The Role of AI Legalese Decoder
AI Legalese Decoder acts as a game-changer in the legal industry, offering a solution to these long-standing challenges. By utilizing the power of artificial intelligence and natural language processing, this groundbreaking technology effectively breaks down the complex legal jargon, simplifying it into comprehensible and concise language. By doing so, AI Legalese Decoder saves significant time and streamlines the legal document analysis process.
Enhancing Efficiency
One of the key benefits of using AI Legalese Decoder is its ability to enhance efficiency by automating the monotonous and time-consuming task of legal document analysis. With its advanced algorithms and machine learning capabilities, this intelligent software can quickly analyze and interpret vast amounts of legal text in a fraction of the time it would take for a human. This automation not only eliminates human error but also frees up valuable resources, enabling legal professionals to focus on more critical tasks.
Improving Accuracy
AI Legalese Decoder greatly improves accuracy by eliminating the possibility of misunderstanding complex legal clauses. This technology not only provides a simplified interpretation of legal text but also offers valuable insights and analysis, ensuring that legal professionals have a comprehensive understanding of the document at hand. Additionally, AI Legalese Decoder can identify potential risks and loopholes, helping lawyers to make more informed decisions and avoid potential legal pitfalls.
Increasing Accessibility
Furthermore, AI Legalese Decoder increases accessibility to legal information by bridging the gap between legal professionals and the general public. Instead of solely relying on legal experts for interpretation, individuals can now utilize this software to gain a better understanding of legal documents that may affect their daily lives. This improved accessibility promotes transparency and empowers individuals with the knowledge required to make informed decisions.
Conclusion
In conclusion, AI Legalese Decoder is a groundbreaking technology that revolutionizes the legal industry by simplifying complex legal jargon and enhancing document analysis. Its ability to automate tasks, improve accuracy, and increase accessibility offers numerous benefits to legal professionals and the general public alike. Embracing this advanced technology enables the legal industry to operate more efficiently, reducing errors, saving time, and ultimately delivering better outcomes for all parties involved.
Speed-Dial AI Lawyer (470) 835 3425 FREE
FREE Legal Document translation
****** just grabbed a
I just paid $97+gst per hour for a sparky, sure you might not be making $100k straight away but seems like itÔÇÖs possible.
Also as a uni graduate myself, should be pointed out that thereÔÇÖs plenty of people with degrees who wonÔÇÖt crack $100k in their career.
I got a degree, was making more money than my husband in our 20s while he did his electrical apprenticeship.
His wages matched mine at ages 27, then easily surpassed me in 30s. He now runs a business that supports me being a SAHM with 2 young kids in auckland.
Give it time, get some experience
At least you are workin, learning and getting paid doing an apprenticeship. Doing a degree fulltime and being poor for 3 years was the worst tbh then having to pay back 30+k in student loans zzzzzzzzzz
Not a sparky, but close to one. Everyone here quoting how much per hour their sparky costs THEM isnÔÇÖt factoring the cost of business. Tax, ACC, vehicle, tools, parts, travel time, lost time etc eat away at that pretty quickly.
If you own your own business, 100k is do-able, but it can be very volatile earnings wise. If you want to own a house, save as early & much as you can do you donÔÇÖt have to take on a mega mortgage, find a partner with a reasonably good job and buy something that needs work.
I have a degree and post grad. Highly doubt Ill ever make 100k. And the loss of income for studying for 4 years vs working plus paying off a student loan for a decade makes a huge difference with compounding interest (and I was lucky with my student loan being under 50k unlike a lot of my peers at the time.)
IMO if you go into trades, work hard, make decent decisions with your money and make some good career moves (or start your own business) youÔÇÖll be doing well. Also need a plan for later in life and look after your body, itÔÇÖs the only one you get.
IÔÇÖd never be any good at being a tradie – but a degree isnÔÇÖt instant success. Really depends on many factors.
Im an industrial sparky and earning well over 100k is standard for my field
Once youÔÇÖre all ticketed up look for sparky jobs in factories, think fonterra, carter holt Harvey etc. they pay quite well and arenÔÇÖt as hard on the ol body either from what I hear
I’m on a touch over 100k PAYE as a chippy….you should definitely be able to pull that in as a sparky…..In any event, my advice would be finish your apprenticeship and then re-evaluate once you have that under your belt.
You need to think about what you are good at and like. If you like being a sparky, you are more likely to be good at it & make decent money than picking ‘some’ degree that you don’t really like. I have seen plenty of people get a degree because they think they should get a degree/ their parents made them/ they thought it would guarantee a ‘good’ job who spent a ton of time & money at uni to end up with a degree that did nothing for them and they ended up in a mediocre job.
The other advantage of the trades is that they cannot be offshored/replaced by ai. Your average office job, not so much.
Early 20s is a bit of a shit time tbh, a whole lot of angst & not knowing what to do with yourself, it is not just you.
Firstly, what would you get a degree in? If you don’t know, don’t go and put yourself in $100k of debt just because you think a degree automatically means you’ll be making big bucks.
If you do know what you want to study, have a look at graduate job roles/salaries then salary progression as experience grows. Much like when you finish your apprenticeship, I bet you won’t be making $100k straight out of a degree.
My opinion would be to stick with your apprenticeship and specialise in something once you have qualified, preferably high end, *that’s* where the money is.
On the other end of it, come up with a savings plan/goal. Keep a check on it and adjust as your pay goes up. Don’t buy things on finance and don’t waste too much money on things like expensive clothing & going out three times a week. Meal prep instead of buying takeaways for lunch & dinner. Just a generalisation so I’m not sure if you fall into these traps but now is the time to build healthy spending habits.
[deleted]
Late father made over $100k as an industrial sparky/refrigeration engineer working for someone else. He was the absolute best in the business though.
You’ll do great as a sparky in 5 years from now, can always move to Aus and chase dollars there, or move anywhere in the country and set up a business. Easy business to set up and you can transition into more cushy maintenance work if thats what you want to do. Or go chase the big projects on new buildings, or industrial. Some guys get into security work like setting up security monitoring systems. Heaps of options for you, just a bit of a slog, sparky apprentices don’t earn much.
Continue with your apprenticeship. Research USAJOBS.GOV. The federal shipyards advertise for trades. I was a former welding apprentice. Now I make six figures with great figures. Keep your options open. Type in electrician in the search block on USAJOBS.GOV. or you can opt for their apprentice programs to switch trades. If you go this route you get paid while getting trained at the shipyard. But if you complete your electrical apprenticeship the shipyards are always looking forward to hiring journeymen.
I think you are a bit naive if you think you can do a degree (or apprenticeship) and start making $100k.
Listen to the Keep the Change podcast. You’re their perfect audience imo.
It’s NZ-based an will help you a lot. Close to 400 episodes now I think
> I am thinking once i get qualified i wont be making $100k and wonder if i should stop and get a degree or something?
Mate – You’re doing an Electrical Apprenticeship. GO TO THE MINES AND MAKE COIN.
Stick it out, save, go to oz, good money in sparks just takes time. Few people leaving uni end up on $100k right away. My Forman makes $50 / hr (electrical) so itÔÇÖs certainly possible. Just always do your best to up skill and learn. Start youÔÇÖre own business one day maybe if that appeals. But not everythingÔÇÖs about money as well.
Finish it and move to Australia. Live happily ever after
YouÔÇÖre still young, thereÔÇÖs not many people out there early 20s buying houses. Go and make some big $ in AU once qualified, put some aside in high interest term deposits for a few years and spend some time traveling/having fun/OE.
Likely at some point you will meet someone to settle down with and your combined income plus savings will be fine to get a house with. Or if you stay single then get an apartment or townhouse
Go do some small business course as well as complete your apprenticeship – then work hard set up a small business.
Hey it’s great you’re becoming an electrician! :)If you’re feeling lost and unsure (very common at age 22!) I am not sure if going to study is the answer here… you might feel the same during your degree, but it’ll be worse because you’ll waste time + accumulate debt – which sounds like something you don’t want. On the other hand, you could also find something you love at uni with the potential to earn a lot too in that field, so it depends on many factors.At the moment, you are learning and getting paid! If you are not passionate about it etc at least at the end of it you have an amazing skill and you have not wasted time or money. Maybe you could start your own electrician company soon after qualifying? My husband is doing his building apprenticeship while also completing online free business courses with this intention. My husband kicks himself for getting a degree out of high school instead of getting into a trade so your perspective is interesting to me here. You’re 22. It takes time to find out what you want to do and also time to accumulate wealth. I’d recommend keeping with your apprenticeship while also increasing your financial literacy/knowledge and come up with a savings/investment plan etc, side hustles as well. A lot of people get degrees and do not crack 100k. I feel like trades are seen as the smart financial move.
Look to make the move to industrial as a sparky and you can easily make over $100k.
Add instrumentation at the tail end of your apprenticeship and your options grow some more.
As a Project Manager/Electrician & Night Class Tutor working for a good company making over the 100k. This is my recommendation:
* Complete your apprenticeship. This will give you a lifelong trade, job security and something you can always fall back on.
* Then go and pursue an Electrical Engineering Degree. These two tickets will secure any office job earning around the 100k mark with a much higher ceiling cap in comparison to just having your Electricians ticket.
* **OR** go overseas, start your own business, specialize in industrial, focus on project management… Once you are qualified, you’ll know which direction to take because it will be determined by your overall knowledge & skills accumulated overtime.
There are plenty of benefits and side ventures that will open up to you as you progress.
Its not a straight line to the 100k, its more about adding multiple skillsets that make you worth that amount of money. And of course, enjoying the process of learning while making a decent living.
Hope this helps