Want to make big $$, what should I do?

[aimn]

I am a systems administrator right now, I make about 40k. I need to make at least twice that. It will take me to long in this industry, especially now with the economy the way it is.
I was thinking about Real Estate Appraisal. I have a few friends making $300 per appraisel and they are doing anywhere from 30 to 85 per month. Seems like good money to me.
I was also thinking about being a Mortgage Broker, they are making a killing right now. I know that I will need some schooling but that is fine. I am just sick of being broke all time and watching my friends hauling in the doh!
Any other suggestions?

PS.......I am Forty yrs old if that matters.

 

[kpxgq]

how about finance.. or learn the stocks REAL WELL

goto www.monster.com

 

[kranky]

Appraisal guy and Mortgage broker might be the hot thing now, but for how long? Those sound like jobs heavily dependent on the direction of interest rates. How many of those people have been doing it long-term, through good and bad times?

 

[aimn]

All of the buddies that I have talked to have been in it for at least 4 yrs, one guy has been doing appraisals for 12 yrs. They say it will dry up, somewhat, but even there worst years they were doing way better than 40k.
My problem in IT is that I dont have that much experience. I was 35 before I ever sat down at a pc. Most of you guys are in your 20's or younger with 15 yrs of pc experience. Im sure I could do well in this field, 10 yrs from now but I dont want to wait that long.

 

[Mister T]

bartender.
good money and you pay no taxes

 

[Thegonagle]

You need to be your own boss. Like my uncle says, you tend to pay yourself better than anyone else will ever pay you. He's a stock broker.

 

[aimn]

Thats what I was thinking Garfang, I could work for myself either doing appraisals or mortgages. A guy I know that does Mortgages owns his own business, Morris, Long Group. Him and one other guy. He told me that he made 45k.........last month!

 

[StageLeft]

I have to ask: If it's so easy to become an appraiser and rake in so much cash how come more people aren't doing it?

 

[Juniper]

Are you looking for fast cash, or on the long term?

For Long term: Unit Trusts/ Bonds. I think UTs are especially worth it to invest into now, because most of them are cheap now, with the Sept 11th attack and the recession and all... invest in those UTs before the economy picks up!!!

Fast Cash: Apart from working extra in the apraisal thing, why don't you try to offer your system admin services to other small companies around? A lot of small companies these days are trying to cut costs off, and it'll be quite worthwhile for them as well as for you...


EDIT: I think I got carried away with the UT stuff. Now that I'm reading it, its not really related to your situation.

 

[iamwiz82]

the easiest way to get rich quick is to marry into a rich family

 

[pdo]

or be a pimp.

 

[Gazoober]

12 9 5 20 2 *14* (lotto numbers)

 

[sciencetoy]

If you're a decent SA you'll probably be a pretty good Real Estate Appraiser, because appraising requires some pretty intense organizational and analytical skills. In my neck of the woods (NJ) it takes several years to become a fully licensed Appraiser, you have to pass tests and have a lot of apprentice-appraiser time under your belt

Making money in SA: find yourself a growing company that depends on their computer systems for the heart of their business, and if you can keep them going you'll be rewarded. Example: one of our clients is a mailing list broker. They live and die by the information on their machines, and they pay top dollar for their tech people. (That's why they work with us, we're expensive). They can't afford to be down, and if you understand that, and you can keep them going, you're in the gravy.

Don't waste your time being a drone for a big company that considers SA to be an expense rather than an asset.

 

[aimn]

Who said it was easy becoming an appraiser? You have to go to school for 6 months, do an apprenticeship (sp) and pass licensing tests. Doesnt sound "easy" to me.

 

[kranky]

From everything I'm reading these days, computer security is the field of the future. Not enough top-notch people to go around.

 

[khtm]

<< You have to go to school for 6 months >>



Oooohhh!! Not 6 whole months!

Since you're already in the tech industry, have you considered any type of certification? I'm not talking about that MCSE crap that everyone and their uncle has...
I've heard that people with Cisco certs can make $100,000 a year.

-khtm-

 

Ironic, I do admin work for appraisal.com.

The market in appraisals right now is EXPLODING! The interest rates are so low that everyone is jumping on refinancing of their properties.

Who knows what will happen in the future. I think it will continue to rise as people start to take out loans and what not against their home equity, which requires an appraisal.

 

[luvya]

Man, now i want to becoming an appraiser!
I just graduated from college, and currently unemployed, I was thinking to take CPA exam and becoming a public accountant, but god damn! the pay is so low! considered how hard the exam is...I really doubt if it's worth the headache to prepare for the exam now.
Plus, I don't have enough requirement classes to take CPA exam, they require "lots" of units to take that exam, I am graduated, and I still need probably 20 more quarter units....man! I just don't know about that.
Could anyone give me a link as to how to obtain an appraisal license? Someone mentioned licensing tests...how hard is that? can't be harder than the CPA exam..right?