I mentioned in my first post that I will share with you how I plan to make the $1M in 5 years. There are a number of opportunities that I am simultaneously working on. They are as follows:
- I will get a steady fulltime job
- Trade in the forex market
- Trade in the stock market
- Develop an internet marketing business
1. Steady Fulltime Job
I mentioned earlier that I have a Master’s degree that has not been working for me these days. My degree is Electrical Engineering – Electronics and Telecommunications. It is very difficult and competitive to get a job in this field, especially at my age (46) and with my level of experience. Employers prefer to hire much younger persons with less experience so they don’t have to pay them as much as they would expect to pay me. It is still difficult to get a job evening if I lower my salary expectation.
I have tried applying for lower paying jobs and positions but having a Master’s degree seems to intimidate some people or the “prospective” boss sees me as a treat to their position. I have tried applying for positions without exposing the fact that I have an advanced degree. What I have come to realize is that, if you don’t know someone in the system your at a disadvantage. Employers prefer to hire someone they know with half the required experience than someone they don’t know whom may have the experience to move mountains.
With the foregoing experience in mind, I have decided to pursue a career in education. The schools like to boast about the number of teachers on staff that have Master’s degrees. Further, teaching has been one of my passions for decades. I have 7 years of part time experience teaching/tutoring math and engineering courses. I also have 20 years of voluntary teaching experience at the churches I’ve been a member of. What better career change could I make than teaching?
So far I have taken the certification exam and met all the other conditions for certification. I currently hold a Certificate of Eligibility to teach mathematics at the high school level. I have taught at the secondary level but most of my experience has been at the tertiary level. I am currently sending out resumes to several school districts. I am confident that I will land a math teaching position for the 2009-2010 school year.
My wife is also looking for a job. If she gets one, it will, to some extent, lighten my load to achieving my goal of $1,000,000 in five years. If she gets a job, some (if not all) of her salary will be invested. Over the years we have learnt to cut a lot of expenses and we are discipline enough to “keep the fat out”.
In my next post I will describe what I’ve done so far concerning trading in the forex market.
