My wife and I have a very similar story. I graduated in 2011 with a Bachelors in Mechanical Engineering from a public university. I took an engineering job with a major oil and gas company making $80k starting. With steady pay raises and 5 years experience, I’m now making $125k. My wife started out in the oil and gas industry working for a consulting engineering company for $75k in 2012 and steadily rose to $88k. However, there are definitely drawbacks to the profession. I have lived in 4 different cities since I started working (you have to move where the work is). Also, I was laid off from my previous employer in April 2015 due to the downturn in oil prices. I was very fortunate to find a job with another oil major in September 2015, but it required relocating to a different state away from my fiancee (married just a few months ago!) and family at the time. My wife was laid off from her O&G job in Feb 2016 as well. I can honestly say that the sacrifices I and my wife have to make by working in oil and gas have been worth it though. We’ve aggressively saved our money, and we’ve made money on each of the relocations. We’re on track to reach financial independence much, much sooner than if we had chosen careers in another industry. I also thoroughly enjoy working in the O&G industry which is more than many people can see about their jobs/career path.
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Create custom alerts on your phone for affiliate sales – if you use GMail, go to your settings and create a filter so all emails with “SiteGround Affiliate Sale Generated” in the subject line go into their own folder (tweak the subject line to match whatever email notification your affiliate sends you). Then setup a custom alert on your phone using the GMail app so anytime you generate a sale, you get a custom alert (here’s a tutorial for Android and here’s one for Apple). I have different notifications for SiteGround, StudioPress Themes, etc. Makes your day better :)
All of it, though, pales in comparison to a lot of other professions that people normally flock to if they have ambitions to pull in six figures a year. Still, I’m a big believer in doing what you love along the road to wealth. Now that I’ve done this job for ten years, I’m finally ready to share my plan to pull in six figures as a teacher and some strategies that might help other mid-income earners do the same.
As a service provider to several different types of business owners over the past 25 years, I think it is not the education but rather the execution of process and people that make the difference. More times than not I have seen educations get in the way of continuing education than not. Truly the learning or connection making does not stop at school and to imagine that it only starts there is foolish.
There was no way I was taking out a student loan. That seemed insult to injury. So I leveraged my high credit score and took out several zero-percent interest credit cards. After calculating what I could attempt to cash flow (Ah, youth. At 23, I had no childcare costs or car payments, though I was saving furiously for a house.), I created a payment plan that was much more favorable than any student loan or university payment option would have been.
Among White households, who remained near the national median, 18.3% had six figure incomes, while 28.9% had incomes exceeding $75,000. The percentages of households with incomes exceeding $100,000 and $75,000 were far below the national medians for Hispanic and African American households. Among Hispanic households, for example, only 9% had six figure incomes, and 17% had incomes exceeding $75,000. The race gap remained when considering personal income. In 2005, roughly 11% of Asian Americans and 7% of White individuals had six figure incomes, compared to 2.6% among Hispanics and 2.3% among African Americans.
Michael Cheney is a very creative presenter, I give him that. He used expressions like “golden dropzone,” “choose your weapon,” “select your target,” ”set your battle tactics,” “fire at will” and so on as the captions for his training modules. But what he taught in his Commission Black Ops doesn’t qualify for the “the greatest commission-creating tactic known to man” as he put it on his sales page. If you doubt it read on and see for yourself.
This is totally true as many people are non traditional learners and the academic system is just not appealing to them and learn faster by doing. I come from an entire family of folks like this..barely scratching through state college but always excelled in paying our way through them by opening small businesses and earning lots of money over the summer. Net is, I make more than the average Harvard grad with a state college degree. Look at big corps that offer leadership development programs, work hard, be willing to relocate ad take risks, have a great attitude even when you get a hellish assignment as it’s an opportunity to learn – always treat people well and if you don’t, learn from it and get better. All in all you’ll keep rising or decide you want to do something else and will have learned a ton along the way.
Think of websites as virtual real estate. The reason why website flipping has made many multi millionaires is because you are creating assets. Assets are things that make money for you without you having to do work. There are many different types of assets such as real estate, businesses, etc. But if you are website flipping, you are making money from the asset you created, but you are also making money from when you sell your asset.
The top programs for petroleum engineering are offered by public universities, notably The University of Texas at Austin, Texas A&M, Louisiana State University, and Colorado School of Mines. Much of the value of a PE degree comes from being able to obtain the best education on the market from public schools like these rather than obscenely priced private schools.
Similar situation to Every Cent counts. I graduated with BA in political science from a relatively unknown school. I’m 26, but will break 6 figures in 1-2 years max (95k currently). Currently I have offers for 110-130k not including bonuses (I like my job so refusing for now, because work-life was suffering). I read up on in-demand tech skills like advanced analytics and software engineering. That’s how I did it. You don’t need to work at google, just be solid at programming and know in-demand skills.
Well, Chico State has a reputation as a party school, so this might not be a fair comparison. I personally went to a program that was extremely well respected in the arts, but as an academic institution was just fair. In actuality I had some really amazing professors (some who had PhDs from Ivy League schools, some who didn’t) but my choice was made based on the quality of my program versus the overall school. I did decide on a liberal arts school versus just an arts school because I wanted the option to expand outside of just an arts population. So, in that sense, if Chico State happened to have a better program in the field my “son” was going into versus Harvard, I’d say go for it. I’m not making the argument that if one has the academic intellect to do well in school that he/she should avoid going to a top-tier academic institution, what I am trying to say is that it’s not the only way to do well in life. In fact, I’ve met many people from top-tier schools who act entitled and think certain work is below them, whereas I’ve been hired and tend to be a respected employee because I’m willing to get my hands dirty. Again, this is not saying every Ivy graduate is this way, but same goes for every graduate from a “Chico” as you put it. When I was applying to college I got into Rutgers which is a fairly good school academically (not an Ivy, but at least up there with the top public schools) and I chose to go to a school that was less prestigious on the academic front because it was a better fit. I was a theatre major. I ended up switching to minor in journalism and sociology. I had an internship with Emmy Award-winning documentary filmmakers who had a program set up with my school, and was able to help compile research for cable TV news programming. Point being, the opportunities for success are everywhere. If you’re really smart, you’d skip college altogether and spend your college tuition building a business or two. Sure, you might never have the stability of working in a consulting firm or at a big tech company, but the people who get really rich (or at the least who lead “rich lives”) are often the ones who don’t follow the typical road to success.
When I was in college, I studied math and chemistry. I did well in Chemistry until I got to the laboratory. Then I started blowing things up on accident and realized I had no career in it. I continued with math. As math got harder, I decided to take “easy” economics and international affairs courses (to blow off steam). I had a knack for getting As in both. One day, I had a conversation with a classmate and my girlfriend at the time. To paraphrase, they said I was great at IR and could have a stellar career in it. So, it gave me an ego boost as well as an improved GPA:
While grades aren’t everything, they do an excellent job of sticking out in a pile of resumes and getting your foot in the interview room. For example, I absolutely sucked at networking. I remember attending some welcome reception and walking around the room for 5 minutes before going back to my hotel room! However, because I had a 4.0 GPA, I still got invited to over 25 interviews that semester. As a result, I became a Level 99 interviewee primed for dominance the following recruiting season.
Affiliate Disclaimer – if you sign up for SiteGround using my affiliate link I will donate a good chunk at no expense to you. Last year (2017) I donated $3,000 to Red Cross at Hurricane Harvey – this year I’m making another GoFundMe donation. It’s my way of saying thank you (I really do appreciate it). I try to make my reviews unbiased and backed by evidence in the form of Facebook polls, tweets, and real conversations. If you don’t want to use it here’s a non-affiliate link to SiteGround. Either way I believe they’re the best WordPress host and that your website will run faster/smoother… do your research on Google/Facebook groups and you’ll find most people say the same.
My first interaction with Sam was a comment I made on what would become one of Financial Samurai’s most popular posts of all time: The Average Net Worth For The Above Average Person. I argued some point and disclosed my six-figure income at the ripe age of 23. Sam suggested I share my story due to seeing widespread doubt that many people like me exist out there.
Thanks for sharing your experience. It was a real eye-opener for me. I am new to affiliate marketing and am looking for ways to make a steady income. Your affiliate program seems to fit my needs. If you have the time email me with your affiliate link to signup and I hope you can help me get started the right way. Any assistance would be greatly appreciate. Be Blessed.
Don't go it alone. Ask successful affiliates how they've grown their incomes - most are happy to share the details. Read their books, take their courses and get on their subscriber lists. There's no point in trying to reinvent the wheel. Simply follow the path that other successful affiliates have taken before you and you can achieve success too. It really is that simple.
Nothing is untrue about this post, I just have a different take perhaps because I am 55 and I have also raised 7 children of diverse interests into adulthood. First – i am a board certified Veterinary Pathologist and work for the pharmaceutical industry. A niche career, not well known by peiple outside of the field but i have loved it and it has been great to me and it pays AMAZINGLY. I didn’t even know the option existed when I was in high school, college or even until well through veterinary school. I followed my passion and talant. Remeber what you decide to do you get up and do everyday – so if being a petrolium engineer and living in TX giges you the heeby-jeebies well, don’t follow this guy’s advice. You have to have a reason to get up everyday and it may not be to earn as much money as you can in 5 years and retire – maybe it is, but then you still have to do something with your time.
“Just remember that your happiness, as measured by income will continue to grow until $200,000 and then stop because of government persecution and the bitter populace who want to keep you down. After you break $200,000 you need to start going into hiding. So if you discover after taking my advice that you are on pace to blow by $200,000 a year, don’t forget to create an exit strategy!”
2. Back to #1: Other aspects. You must become educated in all facets of internet marketing. You need to watch a lot of instructional videos and read online articles and books. You MUST learn how to build a website, create a landing page, how to work with a large variety of traffic sources OUTSIDE of Facebook and solo ads. I’m talking about other resources such as techniques used with Reddit, for example. GET SMART.