I need some advice!!!
So I have been out of work for a while now. I was offered a job Monday that pays about 16 bux and hour, its the regular 9-5 type job, which is nice.
Now last night a good buddy phoned me and told me this one company was looking to hire guys desperatly (in the oil patch), and to send in my resume. So I e-mailed my resume to them this morning, and got a phone call this afternoon asking if I wanted the job. I asked how much it payed, and was told it can be in the low 5 figures a month, which is insane money! But the bad. I will have to move a hour away, and it I will be working crazy hours. Now I always said I wanted money. (I am young 25 years old) So now I dont know what to do. If I should take this new job I was offered, after all it is a once in a lifetime oppertuniy, or say no and make less money. I dont know what to do!!!
PLEASE HELP ME DECIDE!!!
Now last night a good buddy phoned me and told me this one company was looking to hire guys desperatly (in the oil patch), and to send in my resume. So I e-mailed my resume to them this morning, and got a phone call this afternoon asking if I wanted the job. I asked how much it payed, and was told it can be in the low 5 figures a month, which is insane money! But the bad. I will have to move a hour away, and it I will be working crazy hours. Now I always said I wanted money. (I am young 25 years old) So now I dont know what to do. If I should take this new job I was offered, after all it is a once in a lifetime oppertuniy, or say no and make less money. I dont know what to do!!!
PLEASE HELP ME DECIDE!!!
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Take it. You can quit later if you don't like it. You're single right? Go man go!! 0 -
Take the job making insane amounts of money and in the meantime, decide what exactly you want for yourself in the future. $16-$20/Hr jobs are EVERYWHERE, make some serious bank while you are young/have the opportunity. Who knows, you may decide that THIS job is what you wanna' do for a long time to come[}:)] 0 -
Take it. You are only young once.
If it is in the low 5 figures per month, you should EASILY bank 8K per month. Don't just think about ratholing the money...DO IT!
Better yet, set up an IRA and dump in the max. It will pay at least 20 fold by the time you are old enough to retire. TRUST ME!0 -
Take the job. You are young and single...this is a no brainer. 0 -
Compare the benefits (vacation, hospitalization insurance, 401K, other retirement benefits, holiday schedule). Remember, you're not going to be 25 forever. Long term employment stability. Promotional opportunities. Which job will you really enjoy? I'm 62yo and I learned many years ago that money ain't everything!
Good luck! It's your decision!0 -
Oh, wow. An hour away!!!!!!!!! For many years, 13, I drove 55 miles one way to work so that my daughters would be in the school that I wanted. Many others, in the city, commute more time that that, everyday for many many years. Your dilemma is not much of one to me.
If you have never worked in the "oil patch" better talk to some that has. It is no picnic. A 9-5 (I do not know if it is cushy job or not) is not what you will find there. It is hard dirty work. No 9 to 5 there. But it pays. It will not necessarily last, but it pays.0 -
Do you like working in the mud crud ,oil and etc.then do it
if you would rather be inside and can make ends meet do it.
the thing is WHAT DO YOU WANT TO DO.0 -
Wow, a whole hour away from home. I don't know if I could handle that. [:D]
Low five figures per month could be just a hundred twenty thousand dollar a year.
Decisions, decisions, decisions.0 -
I worked offshore for 4 years and still currently work in the oilfield. I have about 8 years experience in the oilfield total. I never spent 1 holiday at home while there. I went offshore on my wedding night. I averaged over 300 days offshore a year. The money was great. I had a fun time. Then I got married had a child and everything changed.
For the single man it's a pretty cool life, but a hell of a commintment. You make tons of money but have little time to spend it. From reading the thread I take it you're single. If I were in your shoes I would do it. Honestly though it takes just a certain type of person to work long term offshore on call.
I might be able to tell you more about it if you answer some questions for me. Which company is offering you the job? What is the title of the job they are offering? Are you going to be on call 24/7 or work a rotation? Is it on land or offshore? Are they wanting you to go international or just within your country?0 -
Take the money. If you don't, you will always regret it.
D.0 -
listen son, think long think wrong . while you are young make all you can and build yourself a nest egg. when you get older it is harder to save, ie. marrige, children,health concerns etc. heck i drive 1 or 2 hours now every day one way. use this time to get to know yourself better, you wont be sorry.[;)][;)][:)] 0 -
Wish I would have had an opportunity like that! I went and got a 2 year degree. Most years, I've had to make a 100 mile round trip commute, 4 months of the year, for a job I hate. I began paying off my school loan in 2000 and will finally pay it off in 2008. I've worked there 7 years. I take home 2100 a month now. No bonuses, ever.
That's an opportunity of a lifetime and will look great on a resume in the future, if you decide to move on. Do it.0 -
Vess I can give you a lead to do it if you want. 0 -
A 1 hour commute isn't bad in some folks eyes....
I'd say take it, stay where you are (unless better/cheaper to move), make mad money for 6 months to a year, save as much as you can, and then quit and find a job you can actually have a life with while going to school, looking for a better job, starting a small side business, etc.0 -
take the job. bank every penny you can. when it gets old, ad it will, star lookign elsewhere. dont touch the money(ira or high yeild cd is the way to go) then, when you meet HER(the one) you'll have some cash for a house and what not. or you keep that jidden away and add to it over the years. social security wont be there when your or i retire so dont plan on that... 0 -
It's not as dangerous as folks think. Like I said I worked offshore 4 years and didn't even break a nail. Just don't be a freaking idiot and you'll be ok. The high pay comes from the hours and time gone.
Alot of people are very correct about putting the money away also.0 -
If you have no kids, I say go for it. If you have kids, your wants and needs change. Spending time with them is priceless. 0 -
They need any more help up there rotax? How's their attitude towards hiring foreigners? 0 -
Money attracts women; women cost money, go figure.
Go for the money and save every dime.0 -
Hard work and long hours but with the kind of money you are talking about I'd say go for it. I earned a lot of money working in the petroleum industry many years back, but I also lost a good job and all of my income early on in the same industry so oil has it's ups and downs. Right now I suggest that you grab as much money as you can and bank it away to set yourself up later on. This means no boats, jet ski, enormous pick up trucks or dozens of new guns; take the majority of this windfall and save it. 0 -
Thanks for all the replies. The job is running power tongs on a onshore drilling rig. I would be on call 24/7 but 6 days off a month I will be required to move away also. The work would be fairly local.
The only thing that bothers me is making cash hand over fist for a year or so, and then looseing the job, and then I would be hooked on that $10-15,000 grand a month, and then stuck flipping burgers for the rest of my life. I am afraid of the patch slowing down, and then like hundreds of others getting laid off. Then I would be stuck flipping burgers at A&W for the rest of my life. I am also horrible at managing money, if I have it, I spend it, no questions asked. [:I]0 -
quote:Originally posted by MT357
They need any more help up there rotax? How's their attitude towards hiring foreigners?
They don t like hiring foreigners usually, but when they need some one bad enough they might.0 -
quote:Originally posted by beneteau
Compare the benefits (vacation, hospitalization insurance, 401K, other retirement benefits, holiday schedule). Remember, you're not going to be 25 forever. Long term employment stability. Promotional opportunities. Which job will you really enjoy? I'm 62yo and I learned many years ago that money ain't everything!
Good luck! It's your decision!
Your right, money isnt everything. but sometimes it is nice to have.0 -
Running tubing/casing is a dirty job, onshore its even a dirtier job. Is the company Weatherford? Are they giving you a company truck? Its nice you get 6 days off a month, do they include paid vaction also?
Like anything you run a risk of getting laid off no matter where you go. The oilfield is looking very steady right now and it probally won't die for awhile.
Key to the oilfield is saving you a decent (three months worth of money to sustain you at least) cushion for that rainy day. Never trust the oilfield to be there or she will turn on you. It goes in spurts where you're busy for a few months then the jobs will get slow for a week or two then you're off and running agian.
Usually tong operators bring enough people to work in 12 hour shifts so you won't have to be working for days. If you don't mind hard work I'd say go for it.0 -
$16 x 40 hours/week = $640 x 4 weeks = $2560
Make yourself live off of $3000/month this way you bank and invest $7000+ each month. Over a year's time that is $84,000, without any interest. And if it is weird hours this should help you to save money as you don't have lots of free time to waste your money.
Think of the house you could buy with a $84,000+ down payment and that is if you only do it for one year. I would not want to do it for a long time bit 1-3 years would be nice.
This is all figured on you being single. If you have a family then that adds in lots of other factors.0 -
quote:Originally posted by rotaxpower
Thanks for all the replies. The job is running power tongs on a onshore drilling rig. I would be on call 24/7 but 6 days off a month I will be required to move away also. The work would be fairly local.
The only thing that bothers me is making cash hand over fist for a year or so, and then looseing the job, and then I would be hooked on that $10-15,000 grand a month, and then stuck flipping burgers for the rest of my life. I am afraid of the patch slowing down, and then like hundreds of others getting laid off. Then I would be stuck flipping burgers at A&W for the rest of my life. I am also horrible at managing money, if I have it, I spend it, no questions asked. [:I]
Here is a novel thought! How about taking most of the money and investing it in the stock market, in mutual funds or some relatively safe investment. Maybe you will be able to build a nice portfolio and live the high life for a long time to come. [^][^]
Just because you have windfall you don't have to spend it all. Continue to live a conservative lifestyle and save the excess or buy real estate. You may have a great chance to avoid flipping burgers if you are able to do this for any lenght of time.[;)][;)]0 -
DO IT!! 0 -
No, the company is not weatherford, its a small local company. The one tong business here went tits up, after the owner of it tried to outrun the cops. He has been in jail since then.
The job could be 20 hours a day, or 4 hours. Also I am not guarenteed that kind of money every month either.0 -
Kodiakk: Thanks but I am married now. It probably wouldn't work. I was young and naieve and did not explore my opportunities very well. I got a decent job with decent benefits that pays bills. That's all I can say for it.
Rotax: The place is probably used to people coming and going as I don't imagine that many people would want to invest that much of their life into their career. Go into it knowing that to begin with. After a couple years, you'll be better off than probably 90% of people our age. Even if you do flip burgers, you'd still be ahead of the people that have the 4 year degrees but are in debt with no savings.
Who says you have to flip burgers anyway? Find a trade. Work hard and chances are somebody will keep you busy some place, most of the time. When you need a break, get laid off and collect unemployment till next summer. I know a lot of people that do quite well for themselves in this routine. Just try to live within your means as much as possible.0 -
quote:Originally posted by rotaxpower
No, the company is not weatherford, its a small local company. The one tong business here went tits up, after the owner of it tried to outrun the cops. He has been in jail since then.
The job could be 20 hours a day, or 4 hours. Also I am not guarenteed that kind of money every month either.
That being the case you need to know a little more. If you can find out from someone who's worked there or has done that job, you'll make a better decision. Set yourself a time limit, say 6mos. If the conditions aren't what you thought, stick it out for the 6 and you'll at least have made some $$ and you'll an end date to work toward. If you like it, do another 6 and so on. Set up a payroll deduction that goes to YOUR bank or credit union. You can instruct your bank to put the $$ in CD's or something else that you can't touch, when the account gets to a certain threshold. Don't leave the cash sitting around in a checking account. At your age, compounding is your best friend.0
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