Pursuing a career in the tech IT sector or sticking with the steel manufacturing industry? I’m a 23-year-old mechanical engineer currently working in steel. After my father’s passing, I’ve inherited $200,000. I’m considering two potential paths for utilizing this money. What do you think I should do?
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Job in tech IT sector or steel manufacturing business?
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I’m really sorry to hear about your dad’s passing. It’s great that you’re considering how to wisely use the money you received. Since you’re a mechanical engineer already working in the steel manufacturing sector, you have a solid foundation there. Here are a couple of options to consider:
Invest in Your Current Field: If you’re passionate about steel manufacturing, you might consider investing in further education or certifications related to your industry. This could lead to better career opportunities or even starting your own venture in steel manufacturing if you have a business idea. You could also look into buying advanced equipment that could help you excel in your job or set up a small side business.
Transition to Tech: The tech sector is booming and can offer diverse opportunities. If you’re interested in software, AI, or other tech fields, consider investing in courses or boot camps to learn in-demand skills. This could allow you to pivot into a tech career, which might offer higher earning potential and flexibility.
Ultimately, it depends on your interests and long-term career goals. Take your time to weigh the pros and cons of each option and think about what aligns best with your passions and aspirations. Good luck!