You are right about inexpensive housing in Chicagoland. To each their own, but in my very humble opinion moving to the Northside of Chicago from New York City proved to be one of luckiest/smartest things I ever did lifestyle, career, marriage, and savings wise. Salaries are comparable to other large wealthy metros, but housing and other expenses can be as much as half due to zero physical constraints on sprawl. That is other than Lake Michigan to the East, which is like a freshwater sea with city parks, beaches & waves. The lakeshore is also where population density is highest and property most expensive in the 10 million person metro…yet still reasonably affordable for what you get.
Our prospects are much better than teachers in some states, but both of our incomes are tied to salary schedules that are determined by the schools’ budgets and what the taxpayers are willing to allow. My salary schedule is much more generous than my husband’s, allowing me to be the breadwinner (maternity leave notwithstanding). But his coaching stipends and curriculum work pay is much more handsome.
I am age 34 , working as an accountant with annual income 85k per annum, due to monthly commitment on properties & car, left 1k for saving each month. May i know is there a better way to maximize my current reserves to 200k per annum as per your article? i’m happy to have at least 10k passive income every month without working soon as i’m planning to have kids and looking forward to enjoy the lovely time seeing them grow up without a job constraint
Thank you for your comment, but I don’t think I felt the need to comment if your post was about “six figures can be achieved in a variety of industries if one is the top of their field”. Don’t we all know that? College prof, photographers, athletes, actors, dancers, musicians, designers, personal trainers etc. You wouldn’t list these as $100k+ industries, do you? I wrote my last comment to explain that symphony orchestra industry also does not fit into the “industries that often pay six figures within 3 years out of school”.
Overall, the term affluent may be applied to a variety of individuals, households, or other entities, depending on context. Data from the U.S. Census Bureau serves as the main guideline for defining affluence. U.S. government data not only reveal the nation's income distribution but also the demographic characteristics of those to whom the term "affluent", may be applied.
After reading your comment I feel I could gain some very valuable advice from you. I am a recent college graduate and began my first “career” job about 6 months ago in accounting. It is a small company with little room to promote so I am interested in learning more about how to get into a major company like the one you work for. Your advice sounds much more realistic, and I am more than willing to do what it takes to get there. I would greatly appreciate a response.
A correlation has been shown between increases in income and increases in worker satisfaction. Increasing worker satisfaction, however, is not solely a result of the increase in income: workers in more complex and higher level occupations tend to have attained higher levels of education and thus are more likely to have a greater degree of autonomy in the workplace. Additionally, higher level workers with advanced degrees are hired to share their personal knowledge, to conceptualize, and to consult. Higher-level workers typically suffer less job alienation and reap not only external benefits in terms of income from their jobs, but also enjoy high levels of intrinsic motivation and satisfaction.
I believe how we deal with declining fossil fuels could be the major shift of our lifetime. The electric cars have made great progress, but ultimately the batteries are still powered by natural gas or coal. I always thought we should move straight from gasoline to natural gas vehicles since they are much cleaner and North America as so much of it…but it looks like we’ll use natural gas more indirectly through batteries.
I am on this guys email list and the only reason is that despite his over hyped products (and they are over hyped I bought one and was really disappointed), the emails are quite entertaining. You know how you can tell some of his products don’t work? he has a course on creating highly engaging Facebook fan pages and yet his fan page is completely dead!!! lmao. And these are the types of products you get to promote if you purchase the 7 figure franchise.
North Dakota had a very significant boom and nearly all of that was tied to oil companies paying top dollar to relocate. Most positions were temporary or related to field operations rather than corporate offices moving in. When prices and activity fell, unfortunately these people had limited options for finding work in other industries in North Dakota. Perhaps the growth was too dependent on a single factor.
The typical middle-class household in the United States is no longer a one-earner family, with one parent in the workforce and one at home full-time. Instead, the majority of families with small children now have both parents rising at dawn to commute to jobs so they can both pull in paychecks... Today the median income for a fully employed male is $41,670 per year (all numbers are inflation-adjusted to 2004 dollars)—nearly $800 less than his counterpart of a generation ago. The only real increase in wages for a family has come from the second paycheck earned by a working mother. – Elizabeth Warren, Harvard Magazine.
Oddly enough, here I am building up this one site with recommended products and WAS going to find a picture of Michael Cheney and somehow I ran right into this article at the top of Google. Even though it gave me chills to read it, “oh, maaaan, there probably went $2k out the window” because what you said rang so true, I had to take the journalist’s point of view and pull it back around to some other things I realized instantly.