Career

The good and bad thing about clothing is that it never lasts, and you must continuously renew it. As a career, this means there is always a demand for these products, even during economic turmoil. And most money is made in sales. If you’re on the production side of this industry, the margins are thin and you’re limited to the number of items you can […]

This is a good career as long as you’re not involved in the manufacturing part of it. What should you do instead? Since these are very expensive tools, there is more money to be made in selling than manufacturing the instruments. Even though this is where the biggest money and most promising careers are made, many people dislike sales. If you are one of them […]

Major chemicals is a good career path, but only if you stick close to the money. This means you’re in sales, marketing, copywriting, etc. If you’re involved in production and chemistry, you will (unfortunately) not earn much. And I know many people will immediately point out it’s not fair. Because people who are producing the actual products should be earning the most. To that, I […]

Working in luxury hotels and resorts is an amazing career path, but NOT for surface-level reasons. The biggest advantage is you get to meet rich and influential people, and you are one step away form changing your life forever. Who visits luxury hotels and resorts? People who have financial means to do so. And since 80% of wealthy people are self-made, you will most likely […]

Homebuilding used to be one of the best career paths because of the demand. But today, in most western countries, birthrates are very low and in 30 years there could be 20-40% less people, and the buildings from today will stay. This means the supply of houses and apartments will exceed the demand. There will be very little need for additional housing, and the housing […]

Business services is a great career path, especially one area that very few people talk about: website traffic generation. Here you have an option to add commission-based payouts to your salary and make your earnings limitless. Because you ever want to have a really successful career, you need to get off from your fixed salary and move towards performance-based payouts. On a fixed salary, regardless […]

Even the best jobs at commercial banks are set up in a way so you can never leave. Top executives get impressive bonuses, but they can only collect them after a couple of years, so they have to stay or lose the bonus. And when they finally receive the money, they “get” even bigger bonuses which they can only use after couple of more years. […]

Precious metals offer a wide range of jobs. If you’re working on production (digging dirt or engraving jewelry) you won’t make much. Plus, entire mines can be shut down in case of major price pullback and you’re out of job. But… …if you’re involved in sales or marketing part of this business, your income is secured. And in today’s world, thanks to the internet, there […]

Non-durables is a broad industry with good and bad opportunities. But, as long as you stick to the industry’s sales area, you’ll be fine. Also, as a bonus, this industry is resilient overall during economic downturns. Why sales? Because the closer you are to a place where the company is making money, the higher your salary will be. I did not make the rules, it’s […]

You can take two paths in this industry: programming and sales. The path of selling software is a better option because of the higher salary and also compounding knowledge that doesn’t get outdated every 5 years. Software development, on the other hand is hard to keep up, and everything you learn will be worthless in 5 years. This means your years of experience add very […]

Aside from insurance having the most perfect business model, this career offers you to be very close to sales. Because the closer you are to money (in any career), the more you earn and the higher demand for your services. Why is insurance the perfect business model? Insurer gets paid in advance which makes it great cash-flowing business. There is no inventory. Profit margins are […]

Since the entire world is connected through telecommunications, this industry has many opportunities. Still, most of the jobs are not that good. Especially when the economy goes down, then many people are laid off. Because when the economy is booming then everyone needs the latest phone, faster internet, and more TV subscriptions. But when money gets tight then people cut on those things because last […]

Marine transportation has so many drawbacks it’s hard to fit inside one blog post. But people are attracted to this career because it pays very well. However, there are plenty of better ways to earn a high salary. You need to consider not just your current position, but how will your personal situation evolve throughout your life. Maybe if you’re young it’s fun to go […]

Public utilities career has many benefits, but the problem is it’s heavily regulated by the government. This means your salary is also heavily regulated and you will not be able to earn more no matter how good you are at your job. And the situation is similar across all different public service jobs. Just try to think of the best and the worst teacher you’ve […]

This career path has one big problem: it’s regulated by the government. This means you are essentially doing public service, and there will always be a ceiling to how much you can earn (regardless of your contribution). Personally, I don’t like my income being predefined and limited because then I lose most of my motivation to do that job in the first place. Especially when […]

Major banks offer well-paid positions during the economic boom, but as soon as the economy faces issues, there are major cutbacks, and a lot of people get fired. So, this job tends to let you down the moment you need it the most. This is expected when you think about it. When economy is booming banks are lending the money and there are a lot […]

People think this career is great because it creates parts for everything else used in the economy. But during the economic slowdown, product sales slow down, components are less needed and people in this industry are fired. So in a way this career is great, except for when you need it the most: in a recession. And I think a lot of people would prefer […]

Capital goods is a great career in a booming economy. But as soon as the economy slows down, these goods start to pile up in the warehouse, and many workers are no longer needed (as they are frequently laid off by the thousands). This means you will have a job when it’s easiest to find a new job. And you will be fired at the […]

Transportation used to be great career path beause of high salary and long-term employment. But today it’s obvious it has no future and no job stability due to self-driving vehicles. However, there are some robust alternatives. As technology moves forward you will see more and more jobs being automated away. This is because transportation has many high-paying jobs and companies have huge incentives to invest […]

In a free market, oil and gas should be great career choice. But because they are forcibly being regulated into downsizing and bankruptcy for political reasons, I would not recommend it as a career path. And if you decide to take this career path, at least choose some area that has transferable skills. Something like software or sales. Because if at any point you become […]

Most search results will say this is a great career path, but always remember that those opinions were written by people who are working comfortably from home and writing blog posts. So be careful when making life-long decisions. Even though there are some good jobs out there, the majority is not that good. Even if the pay is sometimes good, it is only good if […]

Even though energy (currently) has a lot of good jobs it is very risky as a career path. And that is because of inverted incentives and government involvement which can get you fired at any moment. The thing is that there are two types of technologies right now: the ones that work and the ones that don’t. Technologies that work are not very popular with […]

Technology is a good career path, but if you combine it with one of the oldest high-profit professions you can be unstoppable. This old profession is sales, but today there is something even better: traffic generation. So if you use technology to generate traffic to websites you will always have companies begging to work with you. In the end, this is the whole point of […]

If you look consumer services career from salary perspective, it is a very bad choice both short and long term. But there are better alternatives mentioned later in this article so make sure you read about those. This career is not well paid now and things are going to go downhill from here. The first reason is low barrier to entry because anyone with half […]