Post: #26

he said he was saving 12k a month which is 144k a year. That 864k in savings over 6 years but he could invest each years savings and compound it.

Post: #27

Don't want to sidetrack this thread so I'll try and be brief. But I've only been earning this sort of money for 10 months, at the completion of this companies "Training Program". In Canada/US I was banking maybe 25-60% of this. When I first got here maybe 80%. More as I advanced, less at the very start when I was useless and had expenses + more tax.

It's easy to say "Do it for 5-6 years and be a millionaire". But from that comment I don't think you've ever worked in the patch. When I interviewed they talked about how demanding a job it was and I was thinking "How tough can it be?". Until you've been up for 3 days straight then have to go do physical work in -40 you really can't appreciate it. Despite the money and it being a professional level job, you still see 100% turnover every 2 years or so. Of the 30+ ppl I started with in Jan 08 there is only me and one other guy left.

Post: #28

Nah, I'm a white a white collar worker. I was just trying to encourage others that there are opportunities outside of white collar jobs. I don't know anyone whom doesn't work on wall street whose your age saving that kind of money. I bet its hard as hell no doubt. I respect that. I don't got the fortitude for it thats for sure. Its just there are a lot of guys on this site who would love to be able to retire early and thats the type of work that would create that opportunity. Many forum members would probably do just about any line of work to be able to retire young despite the risks, difficulty, wear and tear, living standards etc.

I was of the impression Petroleum Engineering is the highest paying undergrad degree as well so you picked well in that case.

Post: #29

(12-04-2012 04:20 AM)Seadog Wrote:  Don't want to sidetrack this thread so I'll try and be brief. But I've only been earning this sort of money for 10 months, at the completion of this companies "Training Program". In Canada/US I was banking maybe 25-60% of this. When I first got here maybe 80%. More as I advanced, less at the very start when I was useless and had expenses + more tax.

It's easy to say "Do it for 5-6 years and be a millionaire". But from that comment I don't think you've ever worked in the patch. When I interviewed they talked about how demanding a job it was and I was thinking "How tough can it be?". Until you've been up for 3 days straight then have to go do physical work in -40 you really can't appreciate it. Despite the money and it being a professional level job, you still see 100% turnover every 2 years or so. Of the 30+ ppl I started with in Jan 08 there is only me and one other guy left.

Seadog, I'm from the Halifax are too. I agree that its easier said than done when it comes to making big money in the patch, I know a few guys who've done it in Fort Mac but they have no quality of life. Myself I'd rather save that big amount of money over say 10 years and have ample vacation time rather than do it all in 5 years and basically have no life the entire time.

Does your company offer any expat positions that aren't in remote areas? I know of some guys on pretty sweet gigs in places like Singapore working on rig refits in the dock yards there, although most gigs seem to be away from cities.

Post: #30

Here is an article specifically about the job market in China. It did differ with my opinion about tier 2 cities. I haven't had fulltime boots on the ground in China since 09, so possibly I was wrong. Europeans have flooded China since the 08 crisis (I've mentioned that in other threads) especially the last 2 years, anyway enjoy...

5 Tips for Succeeding in China’s Changing Job Market

http://www.echinacities.com/expat-corner...arket.html