That is a good point. Unfortunately some people don’t “know how to be rich”. A financially literate person(Warren Buffet, Carl Icahn, Bill Gates, etc.) can turn $1 million into $1 billion by living within their means and only spending substantial amounts on productive assets, whereas others will blow it on anything they see and end up more in debt than they started(think MC Hammer.)
I am currently 24 and have above a 100k salary, but fall within the category of a financier. I work at a company that invests debt and equity into medium sized businesses. I also invest in equities on the side while managing my blog. I think I followed the post well, other than the fact that I didn’t go into engineering. I had to work very hard, get very good grades and develop my analysis skills to get where I am today. I love reading sites like this to continue to learn ways to boost my income and to hear from other like-minded individuals!
I went through the entire training after which I started wondering, “Is this how to make 39,041.46 consistently every month?” Maybe it is or maybe not, depending on how you want to look at it. If you’d like to consistently make $39,041.46 per month in your dreams, I think it’s entirely possible. But if not, I seriously doubt it because of what contents the training is made of.
Salary Salary is any thing that is given in return for the faith shown to the employer. The word salary started from the word Salt, since salt was earlier paid in return for the faith shown to the king and the work done. Nowadays Money is usually paid as Salary. Salary is usually paid to works other than Manual and Mechanical Works. For them usually wages are paid. Brahmajyothi
Also, things cost more. Stuff like housing, transportation, or food will take more out of your paycheck every month than they used to. The mere cost of Thanksgiving Dinner has risen thanks to the increase in the cost of turkey and pumpkin pie mix. College costs more (and so do student loans), so many are starting out in the workforce already in debt.
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?
My prediction is that the next big thing will be Google using the referring page to pick up keywords instead of the anchor text. Anchor text is too easy to game. There are already people saying that they are getting better results when a referrer links straight to their home page with their site name instead of any keywords. The keywords are now in the referring post.
Penny – Great post and you have gone beyond what most teachers do to maximize income. Teachers are underpaid. My wife taught for 18 years and the most she ever made was $26000 (when she was single in Alabama), but she would never have traded the experience and sense of accomplishment she had as teaching in a low income school district and helping kids envision a better future.
I always think about this process in terms of the sales funnel. You are writing posts and making videos that introduce people to a broader idea or subject and then using backlinks to filter them towards your affiliate program through your ultimate post. When creating this content you want to make sure you select either evergreen topics or link-bait style subjects that build social momentum and attract relevant traffic over time.
Upper middle class[1] (15%) Highly-educated (often with graduate degrees), most commonly salaried, professionals and middle management with large work autonomy. Upper middle class[1] (15%) Highly-educated (often with graduate degrees) professionals & managers with household incomes varying from the high 5-figure range to commonly above $100,000. The rich (5%) Households with net worth of $1 million or more; largely in the form of home equity. Generally have college degrees.
Im 39 yrs old, graduated from a average college in business management. I currently work for the state in the IT help desk making around 35k a year in Sacramento, Im not happy with this salary, but my job is stable and Ihave retirement benefits. But, I want to make more money now, I want to be making 250k plus, I dont know if I should quit this job and go to the private sector and what field I should go into or stay what in the same field but switch to private IT job. I feel at this age, If I went back to business school to get an MBA might be a waste of time and money. Can you advise me?
It seems like you no longer want to work so much and are trying to break free ASAP in your mid-to-late 20s? Is this true? If so, why do you think you burned out so quickly from petro engineering, especially if it only takes you 40 hours a week? 40 hours a week is a walk in the park in comparison to banking, consulting, law, medical etc. Why not just work as a petro engineer for longer?
As you can see from my abbreviated history above, I hustled. I’m in my 40’s now and glad I did and haven’t let up. Didn’t have the best SAT scores, not the best grades. Read business books voraciously including The Millionaire Next Door and realized my grades ages 14-22 didn’t define me unless I let them. Everyone else was drinking and parting, and I was busting my butt in my 20’s. Glad I did.
i just couldn’t resist jumping in here. even though i’m a b.s. chemist i’m in a union at this big company as more of a technician. we just allowed our first tier system on the plant this year and it’s the beginning of the end. even though i’m in the higher tier i would have conceded something in my future in order for the people coming in to make what i make. nobody ever wants to address the sacred “higher tiered” people. geez, about 15 years ago i knew of home-ec teachers pulling down 80 or 90k while the physics and math teachers unlikely reach that level, much less with the lifetime gold-plated benefits. i say, share the pain. now i’m fired up and need a drink.
Too many newbies make this mistake. They think they can avoid ALL online business start-up time and expenses by joining an affiliate program and using the free site they get as their main site. It's a mistake. The best affiliates in EVERY program have their own website where they bring ALL their traffic first. From a "home base" like this you are free to make personal recommendations, promote a variety of programs and earn income other ways such as advertising or selling your own products and services. Growing your own site is a major key to growing serious long-term affiliate income.
What is your oppinion, and what advice would you give someone who dropped out of High School because they dont want to “go to college to get a career job untill retirement… I think school (atleast the schools I attended) trains students to believe that is the only means of achieving financial stability”… “I asked a teacher once ‘how come we dont learn how to make money instead of learning how to physically labor for money you know “work smarter not harder”… Lol that was a mistake on my part!
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.
I see a lot of naysayers and people not even trying. I am by no means rich or in the 1% but I live comfortably. I am single mother with ZERO support from my child’s father or from my parents who have passed away. I own a cleaning business. I got an associate’s in HIM and I work remotely and received my credentials. Yes, I spent a couple thousand starting my business and finishing my education, but I have been reimbursed all of my startup cost and have a team of employees. I don’t work 40 hours a week. Maybe 35. I don’t do any of the cleanings for my company, I have employees for that. Not saying in an emergency I haven’t cleaned, but for the most part the business runs itself because I strategically put people in place to do so. It was not an easy road, but it was well traveled and worth it.

While I've sampled a few other programs along the way, I continue to promote only a select few programs on a regular basis. As far as affiliate program marketing goes, you won't find too many marketers who are as picky as I am. But picky works. Had I joined that very first affiliate program I looked at, I would have been lucky to make $5,000 last year in affiliate income. Not bad, but a far cry from 80K.
The word dropzone makes you think of paratroopers and exciting free falls, right? “Locating the golden dropzone,” as Michael Cheney put it, has nothing to do with excitement as you’ll see. It’s all about leveraging the pain and needs of your potential buyers to get them to buy stuff from you. Now, if you’re an experienced internet marketer at any level, you probably already know that people buy stuff from you only when you show them how it solves their problems or takes away their pain, right? So, what’s the biggie?
It’d be hard for Google to argue with this content not adding value. After all, some of the guides have received close to 10,000 shares and have been used by the brands themselves to educate their own customers. Generally speaking, each guide takes about 40-50 hours to produce, and is benchmarked to beat the best existing piece of content on the topic in virtually every aspect (from design and share-ability, to page speed and on-page SEO).
There is a big difference between “information” and “instruction.” They did a good job providing information but terrible on instructions. Therefore it really isn’t for newbies as promoted. As a certified tutor I learned and practiced strategies like “peer to peer” mentoring, intellectual scaffolding and tackled the Zone of Proximal Development” for foreign or special needs students on a college level.
[…] Money is basically made on the coasts with lots of it coming in from San Francisco, NYC, Boston and D.C. Therefore, it costs an arm and a leg to live around these metros. A median house in SF is going for around $1.1 Million, for example. It would be damn hard to make a living and reside in the SF Metro if one isn’t making $200,000 or more. […]
I’ve seen college programs where they tell kids to “slow down” and take fewer credits to “ease in” to school and be successful. (My most recent job was college professor!) SURE – fewer credits, more years of college and a crapload more money for the school and debt for the student. There’s a difference between part-time (living at home, working, etc.) and slowing down (living on campus, taking at least 5-6 years to finish a degree).
Hello I just stumbled across your blog. A bit of back ground. I garudated with a degree in accounting in 2008. I got a job at a small firm, but got fired 3months in. I tried my best but I wasn’t getting it and no one was helping me learn. I went back to school did a year of sciences and tried to come back to accounting. I didn’t get another job till 2011 and got fired 11 months in. I learned and applied myself but I also felt I just wasn’t wanted despite my best effort. Tried to get back into it to get my CPA but could not find a job. I found many recruiters to be rude and condescending. A bit more info on me I was a bit of a hot head in college and took shit from no one. I managed to make a lot of enemies very few friends. I feel this is another reason I can’t get work in my home town I just have a bad reputation, and my resume does not look good. I am now almost 30. I want to support my family but and I feel I need to go back and find a useful skill to do so. I was thinking about doing a two year engineering diploma in the energy field; doing IT + accounting; or going into nursing. Any advice would be very much appreciated. Thank you for hearing me out.
Don’t set a goal to write 3 blog posts a day… set a goal to write 1 blog post a week and make that post super helpful, long, and filled with information that is so valuable you will say “yeah, people will link to that.” 90% of my traffic/affiliate income comes from just 20 tutorials, many of which are 5+ years old. But I am constantly updating them to make the content better.

I rarely work more than 40 hours (neither does my boss), my job is challenging in terms of problem solving but not stressful- read i’m not bored, my coworkers generally keep to themselves – no office drama, I get a nice raise and bonus every year, time off is generous, I work from home 25% of the time and I make around 150k all in. Graduate school was free through research and my undergrad degree cost less than my annual salary – paid for by bank of daddy. My house costs less than my annual salary. I don’t know of any other field that gives you such a high reward for very little effort. I didn’t have to go to med school for 10 years neither do I have to work 60 hour weeks or wear a stuffy suit. I wear blouses and jeans to work everyday and I’m easily the best dressed. Instead of jumping ship to management like many Engineers I’m developing my skills in a highly technical and specialized area with hopes of becoming an Independent Contractor around the 12 year mark, targeting around $220 and hour. You can do anything with a Chemical Engineering degree – both the diploma and the skills you will learn, I can’t sell this dream enough!

Almost 5 years later we are making even more from our jobs, but we still continue to save about 40% of our income. With this money we have been investing mostly into cash flow real estate and a few other investments. The plan is to continue saving 40%, investing that money, and re-investing the profits from our investments. As time passes, our growth is beginning to become exponential (kind of like how compound interest works).
My parents had never went to college. When I applied to school, it was mostly based on schools that received my SAT scores and followed up with advertisement. A lot of those schools are private liberal arts colleges. I went to the one that cost the least in terms of loans. Sometimes I wonder if I’d applied to Yale, Harvard or MIT if I would have gotten in. It’s more a curiosity at this point.

Don’t get me wrong…Sponsored content is great (and next month we’ll be publishing a post on how to work with brands), but I love having total freedom in what I write and–especially now that I’m pregnant and due with my first baby boy in September!!–I really wanted to ensure I could start to rely more heavily on automated and more effortless income.

THANKS so so much. I was seriously discussing this and the 2K odd $ is massive in my current situation. When I started asking basic questions about structure n content n timing, such as how long do we get mentored or why is it different especially for mature, skilled people. I received similar to above, some people think too deep, ask too much n arent who we want to help make Leaders. I shared some things, but not enough. ….
You’re absolutely right about that time. Never give up. Content marketing is a hard job but you got to look at it like this. The internet and side hustles are here to stay. It goes Way Beyond making money online. We both know there’s no more traditional job security in America today. These narcissist employers are nothing nice. They will hire you 1 minute. Harass you on the job. Steal your commissions and laugh at you behind your back while you continually work hard and put more money in their pocket, then try to enslave you into making more money for them and continually disrespect you to your face. This is the Ironclad indicated it’s time to walk away and start your own business online by working part time on your side hustle weather to Philly at marketing, blogging, or selling your own product service online. There’s billions of dollars to be made in the affiliate marketing industry. With that said, it’s a good thing to know the side hustle is here to stay to those who dedicate themselves to creating quality content on blogs and websites and taking a side hustle to the public nightstep. Agree? :-)
I will say the workload for a petroleum engineer can vary depending on the company and role. If your Chem E friends went into planning or management, they could be working more than the 40 hour standard. Also, smaller aggressive companies typically like to work their employees harder with perhaps a bigger equity reward down the road. That being said, I’ve worked in a 50 person company and most employees there maintained normal hours.

Canada. In my experience you just give the degree, though the first job I did also show them my transcript. Focus appears to be more on work experience than GPA. In fact, bragging about GPA could backfire as people might not be interested in hiring an “academic!” I’ve only seen a handful of CVs though, and it’s possible that my career advisor was wrong on this point.


How to Get This Job: The American Society of Anesthesiologists recommends beginning preparations for your career as early as high school, by taking advanced classes in biology and chemistry and volunteering in hospital settings. Anesthesiologists must complete four years of college, four years of medical school, one year of internship, and three to four years of residency. Many opt for an additional fellowship year to train in a subspecialty like pain management, cardiac anesthesiology, or critical care medicine.
I was just searching around on the net and found this blog. I saw an ad for inside sales that paid 50k as a base and FULL benefits 401K and all. With commissions it would max out at 85k if you hit quota according to the ad. Tempted to apply but when I see what is at home although Im not at 100k yet (not even close) I am not going back to the cubicle farm. Working for someone else will not get me to the 150k mark. This blog has given me more motivation!

I could talk about unions forever, Alice! I didn’t in this post because I didn’t want to get too lost in the weeds for people who aren’t part of the profession. My parents are both retired union workers, and I will be part of a union for as long as I can be. Sadly, the right-to-work nonsense is rubbing off, and we just got a letter from our union saying that it is now optional to be part of a union. I have to be honest and say that teachers’ unions (at least in our area) aren’t what they used to be. But as long as I can, I will fight for mine. So glad you spoke up, Alice! Your building is lucky to have you!
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.
I think you might of misunderstood me I am not looking to promote my page, it is just a hobby really that grew quickly due to the need. I do this while I finish my degree in HR. I am looking to make money off of posting other people’s things on my page. Not to boost my page I have about 6k active users. I’m looking to sign up to affiliate programs.
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.
I wouldn’t say 500k+ is typical for physicians in the U.S. It depends a lot on specialty of practice. I married a physician who specialized in family medicine, which is primary care. Her prospects upon leaving residency are more between the 200k-300k range. I’m sure it could be more in other geographic regions. I know one family medicine physician who started his own clinic, grew it, hired other health care providers, and makes about 750k. I don’t think that is typical — he just works his behind off. My wife isn’t willing to live her life that far out of balance. She wants quality time at home as well. Surgeons probably earn the most, and I know getting into an anesthesiology residency is highly competitive. Anyway, to sum up my point in a brief way (too late!), there is a broad range of physician income highly dependent on specialty of practice.

For policing in the media, it’s something I’ve been covering often in my blog. Some situations talk about themselves with body cameras. Officers make mistakes. Other times there is no mistake, but it “looks” bad even if fully justifiable. Other times it’s fully justified to those with a legal grounding, but the public is shocked. Hopefully without offering platitudes everything officers do are on the table for observation. Regardless of the current issue, if someone calls, we will show up.
[…] Money is basically made on the coasts with lots of it coming in from San Francisco, NYC, Boston and D.C. Therefore, it costs an arm and a leg to live around these metros. A median house in SF is going for around $1.1 Million, for example. It would be damn hard to make a living and reside in the SF Metro if one isn’t making $200,000 or more. […]
Things to note – in senior year I applied my scholarship to do my first year of my MBA in finance at my university. At 23 I bought an apartment complex which gives 10%+ ROI. At graduation in December I’m eyeing to be pulling 140k before my 24th bday. So that’s been my journey. To a high net worth ~130-140k + a ~ 140k income at 23. My issue is I’ll have a NW still around 140k at 24 (because I’m living it up this 1 semester woot woot and not saving much for 4 months). So I’m troubled figuring out how I can turn 140k + my high income to 1 million before 28 to keep pace with Sam. When school finishes I plan to buy more apartment complex’s continue to buy index funds, save over 95% still and get back to working on a project and finance site as I’ll have more free time with engineering school over finally. Still with that, I’m not sure how to make 860k in 4 years… thinking I’ll have to go to finance or consulting and pray for big bonuses to make it happen because otherwise I’m not sure how to keep up with Sam :) any ideas people?
I love your post. I have been following you over the years. I want to shed some light to others who are in pursuit of the “Six Figure Salary”. Upon graduation, I set a goal to make six figures by 30. I started off making only $33k a year. However, I out worked everyone in my office and established a reputation as a hard work and smart worker. I stayed at the firm (insurance) for 4 years and somehow networked and found an opportunity in management consulting. I stayed there for 10 months and made approximately $95k. Next, i took the experience came back to the insurance industry and now make $125k at the age of 27…. 3 years earlier!. My best advice for everyone is to work hard, follow the opportunities, strive for constant improvement, and be open to change. PS. I went to a “B” school and was a “B” student. Unfortunately, I was an underdog through out my career because of my school, but I balanced it by tremendous work ethic and self taught myself in business. Work hard, keep reading, and continue to improve. You will make six figures!
The word dropzone makes you think of paratroopers and exciting free falls, right? “Locating the golden dropzone,” as Michael Cheney put it, has nothing to do with excitement as you’ll see. It’s all about leveraging the pain and needs of your potential buyers to get them to buy stuff from you. Now, if you’re an experienced internet marketer at any level, you probably already know that people buy stuff from you only when you show them how it solves their problems or takes away their pain, right? So, what’s the biggie?
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