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  #81  
Old 28.02.2019, 23:32
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Re: Common ways to make it big in Zürich?

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Interest rates are extremely low. Let's say you can get one at 0.8 percent. That means you can borrow a million for 8000 a year, that's 667 a month. You don't exactly need to be rich to afford that.

Ok, the calculation is simplified somewhat. And obviously the interest rate is not the only part of the costs of owning a house. But it does show how the drop in rates has pushed real estate prices right up.
Due to the legally enforced debt / income ratio one needs to get a mortgage the income needs to be much higher than what is actually needed to be able to pay the monthly interest.

Somebody with an income of 100.000,- is easily able to pay up 667,- a month, but he will never ever get a mortgage of a million.

So yes a very decent income is demanded to buy an above average family home in Zürich. People who earn 400.000,- a year, and can pay up a million will still not be able to buy a house of lets say 4 million (which is a ver normal price for a pretty decent above average family house on a good location in town), this regardless of how easy they can pay the monthly interest and maintenance.

So it is not as simply as you make it look.
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  #82  
Old 01.03.2019, 00:13
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Re: Common ways to make it big in Zürich?

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I see alot of swinging salary ranges and sometime wonder how to hit the higher brackets like 200.000 - 400.000chf/y over longterm.
(not just edge-case emergency contracting for 1-2years, needs to be a career you con maintain over 20-30years without burnout)

And also do anyone have a pleasant life-quality/balance with these earnings?
Ever heard of the term rat race?

Seriously, you would need to maintain such income for 20-30 years? Give me 400k/y and I would work 2, max 3 years. After that I would be living as a king outside of Switzerland for the rest of my life, without ever having to work again
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  #83  
Old 01.03.2019, 01:03
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Re: Common ways to make it big in Zürich?

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Ever heard of the term rat race?

Seriously, you would need to maintain such income for 20-30 years? Give me 400k/y and I would work 2, max 3 years. After that I would be living as a king outside of Switzerland for the rest of my life, without ever having to work again
Not everybody wants to live in a poor country
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  #84  
Old 01.03.2019, 15:14
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Re: Common ways to make it big in Zürich?

Sure shot way.. Try to become atleast one of the following. Your path to becoming one of these will determine your outcome.
- A private banker
- A lawyer
- A commodity trader
- Luxury real estate dealer or a promoter
- Import export businessman dealing with the Chinese or Indian big shots in the field.
- An expat posted in a senior position in Zurich
- Crypto entrepreneur
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  #85  
Old 01.03.2019, 17:04
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Re: Common ways to make it big in Zürich?

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Only on the left hand, not the other hand please. Dont do the double Rolex thing...
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Why not?

I always wore two on my RH (until I stopped wearing watches)

Tom
Tom
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  #86  
Old 01.03.2019, 17:16
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Re: Common ways to make it big in Zürich?

If you really want to be a big shot in Zürich
You have to ride a horse in circles and
belong to a Zunft!
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  #87  
Old 01.03.2019, 17:19
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Re: Common ways to make it big in Zürich?

And be seen on TeleZüri at least once a year.
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  #88  
Old 01.03.2019, 17:33
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Re: Common ways to make it big in Zürich?

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Tom
Yes, one for the Ticinese time zone and one for the Italian time zone.
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  #89  
Old 01.03.2019, 17:45
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Re: Common ways to make it big in Zürich?

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Sure shot way.. Try to become atleast one of the following. Your path to becoming one of these will determine your outcome.
- A private banker
- A lawyer
- A commodity trader
- Luxury real estate dealer or a promoter
- Import export businessman dealing with the Chinese or Indian big shots in the field.
- An expat posted in a senior position in Zurich
- Crypto entrepreneur
You forgot



an EF mod..
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  #90  
Old 02.03.2019, 23:48
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Re: Common ways to make it big in Zürich?

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Tom
Fantastic. All the best.
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  #91  
Old 03.03.2019, 21:25
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Re: Common ways to make it big in Zürich?

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Indeed. Put a million down and with 400k income the bank will loan you the rest for a 3 million place. Which on a 1% 10 year fix would be IMO nicely affordable, but I’d be worried about coming off the fix at 5% and still owing 2m.

It’s funny that the OP thinks that kind of salary leads to super cars and 3-5m homes. I work with plenty of people who earn in that range and far higher and none of them drive anything more exotic than a 911 and only one lives in a spectacular house, but that is nothing to do with what he earns now. Watches on the other hand...
What whatever they own is secondary, i know rich guys might not buy fancy stuff but poor guys don't buy them for sure
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  #92  
Old 03.03.2019, 21:31
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Re: Common ways to make it big in Zürich?

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Sure shot way.. Try to become atleast one of the following. Your path to becoming one of these will determine your outcome.
- A private banker
- A lawyer
- A commodity trader
- Luxury real estate dealer or a promoter
- Import export businessman dealing with the Chinese or Indian big shots in the field.
- An expat posted in a senior position in Zurich
- Crypto entrepreneur
Thanks, this i probably actually the answer thanks

Import/export is probably even interesting, the other jobs seem more like a boring grind to me
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  #93  
Old 03.03.2019, 22:27
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Re: Common ways to make it big in Zürich?

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Thanks, this i probably actually the answer thanks

Import/export is probably even interesting, the other jobs seem more like a boring grind to me
You could become an importer/exporter, like Art Vandelay, and make big money.
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  #94  
Old 03.03.2019, 22:34
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Re: Common ways to make it big in Zürich?

Selling cocaine to bankers.
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  #95  
Old 26.11.2019, 21:58
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Re: Common ways to make it big in Zürich?

So far contracting in IT for banks seem to be the best option.
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  #96  
Old 27.11.2019, 09:59
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Re: Common ways to make it big in Zürich?

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So far contracting in IT for banks seem to be the best option.


We clearly have different ideas what "making it big" means then...
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  #97  
Old 27.11.2019, 10:43
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Re: Common ways to make it big in Zürich?

To make it big as an IT freelancer in CH you have to basically be good (not even exceptionally good, but just good, dependable and reliable) at what you do, make and maintain a network of colleagues and partners (managers) and be flexible on where you work and what you do. I got three follow on contracts at one big bank based upon the work I did on an initial project with them.

I started freelancing in CH in 1994 and from the outset was making 200k a year; in the early noughties that rose to around 400k then dropped back rapidly to 200k after the '07 crisis.

I was fortunate enough to get hired by one of my last freelance employers on a real good permanent package at that time, and I have stayed with them ever since.
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Old 27.11.2019, 10:51
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Re: Common ways to make it big in Zürich?

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To make it big as an IT freelancer in CH you have to basically be good (not even exceptionally good, but just good, dependable and reliable) at what you do, make and maintain a network of colleagues and partners (managers) and be flexible on where you work and what you do. I got three follow on contracts at one big bank based upon the work I did on an initial project with them.

I started freelancing in CH in 1994 and from the outset was making 200k a year; in the early noughties that rose to around 400k then dropped back rapidly to 200k after the '07 crisis.

I was fortunate enough to get hired by one of my last freelance employers on a real good permanent package at that time, and I have stayed with them ever since.
congrats
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Old 27.11.2019, 11:15
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Re: Common ways to make it big in Zürich?

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Thanks, this i probably actually the answer thanks

Import/export is probably even interesting, the other jobs seem more like a boring grind to me

Surely these things are inversely proportional? The huge money is the compensation for boring job/stupid hours/slave of the company
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Old 27.11.2019, 11:33
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Re: Common ways to make it big in Zürich?

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Surely these things are inversely proportional? The huge money is the compensation for boring job/stupid hours/slave of the company

Indeed, huge money is for the people that like to fly. I don't envy at all the life of a guy that spends several hours per week in the airport or flying just for a marginally larger paycheck and driving a 150K company car. I can buy the same car with my "minion" salary
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