I see myself at my current firm long-term, at least until I reach financial independence. I’ve been trying to take your advice and start a website to generate passive income, but I struggle with it because the status quo is so good. It’s so easy to take the short view and earn an extra $3000 by hammering out another patent application rather than looking at the big picture and working toward passive income. I struggle with not seeing quick results. Any advice for conquering this mindset?
Yes, people who perform on stage look like a big group of people and they have union. Perhaps when you read the article about the strike you were surprised to know symphony players earn six figure salary, but only about 1% gets to play in the 100k+ salary orchestra from top music schools (Juilliard, Curtis, NEC, etc). I am a lucky few who plays in a major orchestra with 100k+ pay, but I spent my 20s practicing everyday earning $10k-$20k until I finally won the audition at age 30. (33 now) In order to be competitive in auditions, I own (parents and grandparents paid) an instrument that costs $300k. Most of the straight A students from top music school I know now earn below $50k. As a music student, it is a big success if one wins an orchestral job with $50k salary. Many try to teach and freelance at a $5k orchestra job to scrape by.
Just a quick note on the consulting firms you listed. Although the Big 3 are obvious to include in the list, I would certainly remove Booz Allen Hamilton, and even Arthur D. Little. Booz Allen is notorious for under-paying, especially when compared to much better firms. Booz Allen is also primarily a Federal contractor with very limited commercial work (granted their non-compete with Booz & Co. [now Strategy&] is over) – commercial strategy/ management consulting out-pays Federal counterparts.
If you are a teacher and salary is your number one priority you better make sure your bargaining team knows, or better yet get involved in bargaining yourself, because the people with other priorities like pensions, healthcare, and paid leave certainly speak up in my local! Though thanks to the incredible work in states like WV, OK, and AZ I think teacher pay is finally being addressed.
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.
However this would only cover a small percentage of my E-mail marketing campaign, I would also market my most “popular” posts within the newsletter and have links within those reviews that point to the product review page. It would be a good way to interact with my visitors as well and like you say, answer any questions they may have (My affiliate covers this pretty well though). I will also add that my affiliate has a lifetime cookie and regularly sends out E-mails to repeat customers however I may lose the “last referrer” sale if they visit a competitor when making the purchase.
I work the first month of school but then quit my job because the engineering was too intense to work and do the workload and expect to get stellar grades. I live in my parents studio apartment, have a full ride scholarship that pays 100% of everything + pays me extra money. I am now making money to attend school and have a new profit for my income/expenses for the school year. Then I get into another engineering internship for the summer. I believe I make around 8k for that. NW is 50-60k going into sophomore year. I get another internship for NASA this summer making 16.75 an hour * 16 weeks. I was a contractor so I have to pay the full SS amount. I probably clear around 7k there. Pushing my NW to 60-70k. Then the next year I start working a year round job junior year (rising senior). I am ahead on my credits again so I work 25-30 hours a week during senior year and full time during the school year. I pull down around 37k over that summer senior year. Pushing my NW to ~ 110k. I graduate around 110k NW, debt free with a job offering me a job package of ~110k a year at 22 and sending me to get my MSEE. I work that summer and save another 15k. I go into graduate school with ~120k or so in the bank. I move to another state for graduate school get a large fellowship + a portion of my salary to go to school. Finish the school year and work 1 more summer and here I am. 23 ~ NW about 140k going into my final semester of grad school.
I’m always surprised by how many people feel “icky” about promoting affiliate products – I started my blogging “career” building niche blogs specifically to sell Amazon products, then branched out into other affiliate programs. I’m a big fan of affiliate marketing, provided that the blogger/marketer is also providing quality content with their links.
I would love to make 100k, but so far, nobody has come up with that kind of cash for me to blog and take care of my kids. However, when I was working in IT, I did ok. However, layoffs were rampant as the push to use ‘off shore’ resources was huge from corporate. So in many cases, I am not sure IT is the fantastic career it once was. I am sure it is different if you work at Google and such, but for people starting their careers in programming, the competition is stiff not only between American workers, but with those abroad also.
If you’re writing reviews, you should 100% be using rich snippets (they add review stars to your search engine snippets and increase click-through rates). There are many WordPress plugins for this but my favorite is WP Rich Snippets. It’s $69/year (or $399 one-time) and I use it for every single review I write. They have tons of add-ons, settings, styling options, and looks nice. Free plugins like All In One Schema.org do work but lack settings, styling, and flexibility.
Household income changes over time, with income gains being substantially larger for the upper percentiles than for the lower percentiles. All areas of the income strata have seen their incomes rise since the late 1960s, especially during the late 1990s. The overall increase in household income is largely the result of an increase in the percentage of households with more than one income earner. While households with just one income earner, most commonly the male, were the norm in the middle of the 20th century, 42% of all households and the vast majority of married couple households now have two or more income earners. With so many households now having two income earners, the substantial increase in household income is easily explained:
The "mean annual salary" is the average salary being paid for a job or position. Your annual salary is the amount that you will get paid in a year assuming you work the entire year at that salary. For example, if you are paid semi-monthly (such as US military pay, 1st and 15th of each month), and your annual salary is $24,000, your gross paycheck (before taxes) will be $2,000.
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I thought that 43,000 was a lot for me back in the 1980s/1990s. I managed to pay for house, utilities and go on vacation. Now, I find that I am working three part time jobs, do manage to pay rent, car payment, insurance and get food and still have to scrounge to pay two other bills!!! I will be working through retirement, which doesn’t bother me, since I am healthy. But I would like to have something to hold on to without putting it all towards bills!
I just want to point out that all though it is fantastic to go to college & to have great grades, innovative thinking & motivation can land you an awesome job. I graduated HS top of my class & went to a small private college for 2 years. I only have an AA degree (nothing to brag about though I always earned As). I decided to get married at 19 (I know, right?!) but when I was staying at home with the kids, I started my own real estate business & started making a 6 figure income within 3 years. I have doubled that within the past year & rake in over $300K per year working from home. I sell around 200 properties a year. I just hit 30 & make over $300K per year & started making 6 figures at only 28. I’m sitting pretty with a high paying job where I am in control of my own destiny. Work ethic & seeing an opportunity & knowing how to seize it is how I got there. With that said, I do value education & will likely go back to get a degree someday just so I can say I have one. For now though, I will focus on my $300K+ per year income & know that I made this for myself.
Having that level of job security must feel great and re-assuring. When I visit other personal finance forums (particularly on reddit) half of the success stories seem to come from computer science majors. It might be the perfect blend of degree value, job availability, and work levels/flexibility. The ability to freelance or work remotely seems to be another potential benefit.
i sat through the webinar. i asked the chat box guy “why can’t we see a live view of how these funnels look?” he said you just have to trust michael cheney. well it was nothing more than hype. if you can see the actual product they are selling, that makes it hard to trust. I also asked, if this system is so great why doesn’t Michael just keep it a secret and earn millions and not share it? what does he need me for? He just wants to be nice? oh WOW how kind!
Having said the above, and bearing in mind that Panda aims for content quality which almost always translates into depth in content and information, SEO takes another picture. Co-citation, in regards to this, will probably be the new way Google evaluates relevance and importance of content. Even the Penguin update aims in a similar, slightly predictive direction. Panda favors articles including different words that provide some context to the topic. So writing in the “lingo” of a certain niche definitely gets you there.
For example, when mechanical engineers design parts of an airplane, the process can be tested and refined before production and sales. In the oilfield, companies are drilling up to 30,000 ft where the reservoir will never be seen by anyone. Yet, engineers must still construct models based on a few well points in the ground. Imagine filling in the entire map of San Francisco with just 4 known street intersections. This is why companies can spend $100 million on a single well and find nothing but rock and water.
The nice thing about computer science is you don’t have to be a top student to get a good job. The market tends to be very healthy and a computer science degree gives you a nice edge over most applicants for IT positions (experience of course trumps this, but entry-level IT positions really like math, engineering, computer science and statistics students).
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I think in my case it was pure ignorance (high school me). Sure, I could memorize books well, but I had no real connections. I had no experience getting a job. I had no clue how loans worked. I didn’t realize what an in-demand skill was. I wouldn’t be surprised if that is true for more high school students. My girlfriend on the other hand, ended up working for a top consulting firm after getting her masters in corporate finance! While she didn’t know that much about job market, she had really solid parents and great mentors. I think that can make a huge difference.
Thanks for visiting. I recommend tracking your finances for two weeks and writing down everything you’ve spent money on. Then purge the unnecessary things and all that money into another savings account you can’t touch, or auto invest it in a digital wealth advisor like Wealthfront. The key is to cut fat and automate your savings and contributions. Do this for 10 years and you WILL have more money than you could ever realistically imagine.
The standard route is to work in public accounting and then branch out. So, I wouldn’t consider the public accounting route to be typical, but within ten years you can expect an income to be closer to 200k or as high as 350k if you make partner. Making partner also requires a lot of buy into the partnership shares, so you can think of that as taking on a mortgage. I could get into more detail, but I hope that answers your question!
"You must document daily in a Google spreadsheet every Facebook post you make, every friend-getting session you undertake (including number of friends added) and the date of each of both of these activities in the Google spreadsheet. You must also share the clicks and traffic data in this spreadsheet which you get from these activities to demonstrate you are getting at least 35 clicks per day over the 60 day period."