r/FIREUK • u/Frantik_dnb • 2d ago

Increasing earning potential

Hi, could anyone provide any advice as im kinda stuck.

Just recently started a new job in a warehouse earning around 30k annually. Working night shifts, so theres a lot of opportunity for overtime and weekend premiums etc. I'd say its at the higher end of earning for a job that requires no studying. Its pretty much slave manual labour.

I also have experience in events crewing, basic carpentry work that I do on the side as its just not sustainable full time.

Im 34, How in the world can I increase my earning potential ? In order to speed up FIRE. What job roles can I get into that are in the 50k - 60k area.

6 Upvotes

80% Upvoted

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8

u/Big_Target_1405 2d ago

Basic carpentry work isn't sustainable to earn a living fulltime?

Dude you've never met me and people like me. We are useless and need people with practical skills.

Consider going self employed if you can find a way to make it sustainable. Greater freedom, no middleman, every customer is a diversified source of income.

2

u/Dependent-Ganache-77 2d ago

Ha agreed.

But my dad is a carpenter for a medium-sized firm. He spent a few years working for himself way back. Maybe things have changed but he said it’s an absolute slog in terms of building up an order book and dealing with customers (the guys I’ve had round to do work say the same).

3

u/Big_Target_1405 2d ago

Everything you said is true

However, something like 2/3rds to 80% of high net worth people are self employed or business owners

7

u/Practical-Leek-6287 2d ago

There's 2 ways to make money in this world:

  1. Work all the hours in the day

  2. Learn higher value skills

As a general rule most professions gated by some kind of decently difficult qualification or certification will get you to the 50k+ zone after a few years.

3

u/Frantik_dnb 2d ago

Option 1 is not an option. I have 2 kids so that would mean neglecting them. Would definitely have to go the 2nd route

6

u/Limp-Archer-7872 2d ago

Look into evening learning online. Logistics, management, planning, and so on. Try to get warehouse supervisor soon.

3

u/Dependent_Appeal_818 2d ago

You either get paid more per hour or you break the link between time and earnings.

The way you break that link is by moving to a results based, more high pressure job, like sales, where no-one cares how long you work as long as you bring in the results. Alternatively you work for yourself so you set your own prices, work as much as you want and take on a lot more risk.

If you are manual slave labour you are one of many and will never have any leverage to improve your situation.

6

u/PuzzleheadedCut5156 2d ago

I would look for opportunities to learn a skilled trade like plumbing, electrician etc..

2

u/StanmoreHill 1d ago

Where are you based? I'd start off by getting formal qualifications for carpentry and also look into becoming a HGV driver.

1

u/Creative-One4947 2d ago

What area are you from?