Thanks for the really insightful reply. I really appreciate it. Now, what if I did not want to be a network engineer dealing with hardware? I definitely do not mind taking certifications, but if I just wanted to become a business analyst or QA Analyst…some IT profession that doesn’t require too much programming or developing because I need the time to learn at the programming languages…Like I’m trying to get a plan going here…BTW, i’ve heard of the CCNA thing over and over again…is that only for network engineers? Because..I dont really want to deal with hands on material or travel too much…I’m tryna be in a position where I earn certifications and learn stuff online and gain experience doing projects online or volunteeringly taking on work to contribute to the IT department to showcase my interest…
The GI Bill works exactly as it is intended. I’ve used both the Montgomery and the Post 9/11 as I served during the transition and participated in both. There is always a 4-6 month delay to get started. It’s because the VA is very slow to get things moving. You can apply as soon as you get accepted in most cases which for me was several months before I got out of the service. The program is not a fraud because of the red tape. Could it be better? Of course! But it’s not a fraud because it doesn’t pay you right away.
I’m not a teacher. So what? Figure out what makes you worth as much money as possible. What skills or talents do you need? Then, invest in yourself. Be smart about how you pay for that investment. Inquire if your work covers tuition or will provide some kind of financing. See if there are cohorts or other ways to acquire discounted tuition if you are in need of more traditional schooling.
Electrical engineers can crush it out of the park. Think startups and stock options. There’s not too many startups in oil industry, and I’m guessing only high level employees get stock. In electrical engineering, low level employees get stock. For me personally, despite earning a very high salary, it’s nowhere near what I made from stock… salary is almost negligible.
Otherwise, explore all of the ways that you can take classes or gain skills online, some for very little or no cost to you other than your time. If you find yourself doing this at the start of your career, the financial cost might be a bit much to bear at first. But no matter how much I learn about investments, it seems pretty clear to me that the one that consistently pays off in any market condition is the one we make in ourselves.
It is all relative. I am making six figures in my early retirement side gigging a couple of days a week doing consulting I enjoy even though I do not need an income at this point. It is hard to get there in education because of the supply demand equation. As you said hundreds of people applied for the job you got. When I graduated with a chemical engineering degree I got eight firm job offers before I even got my degree because there were only a handful of graduates for the 120 companies that came to our university to recruit us. Certainly teaching has more social value than making gasoline but the market is based on supply and only a tiny percentage of the college going crowd choose chemical engineering while many graduate with a teaching degree. As long as some jobs are under supplied because of the difficulty in obtaining the degree those jobs will be the ones paying six figures and up. The same thing accounts for high pay for medical doctors, electrical engineers and other specialty fields that require a ton of math and science to graduate. However even at relatively less pay there is no reason you can’t accumulate and grow great wealth while still having the satisfaction that you are changing people’s lives through providing them education. Most people would hate the kind of engineering I did, even though it was a great fit for me.
Interesting article and dialogue. I went to a lower end UC, and graduated in Political Science, a major which doesnt pay right away. I instead got into direct sales for a cable company and made 130k my first year out of college by selling cable door to door. I made even more the second year. Been there for fooir years now – earning 100k-150k but dont see it going mucb higher. Not sure what to do to hit that next level. Toying with the idea of going ack for my MBA to take that next leap of faith but its hard to leave my income and incure a 100k debt for a goood business school. I agree, being motivated, working hard, being positive, not being a hard partier- but a hRd worker has helped me reach that sox figure mark. Thanks for the article.
Wow, these salaries and success stories are amazing, and making me wonder what I did wrong. I earned my BS in Computer Science in 1986. Now, after an MBA and an MS Risk Management, two lay offs, a few missed/blown opportunities, and the Great Recession, my 2013 annual salary is exactly the same as 1999 – well under $100K, in a mid-sized, mid-cost, coastal FL city.
I approach this the same way I find sponsors: I look at what brands I’m already using and love and fit with R+R’s natural, non-toxic mission. Then, I contact them to see if they have affiliate programs. Sometimes you don’t have to email somebody directly, rather they’ll have a link to join their program right on their website, which makes it super easy.
Alright, so I started doing construction work for my parents as they remodeled their house. They paid me 10 an hour. This probably started when I was ~ 13. Then I started lifeguarding at 15 and did that until I was 16 (2 summers). I would work about 60 hours a week during that time + continue to work construction on my days off from lifeguarding. Between 13-16 I was able to stockpile ~25k. I used 10k to buy a BMW cash at 16 (which I still drive to this day). The car was a depreciating asset for sure. So I went into junior year of high school with about 15k in cash and a 10k BMW (which was worth 15k but the market was falling out under itself so the dealer sold to me because I had cash and he needed money).
Love this story! I finished college in 3 years back in the 80’s because of AP/community college credits and stayed another year to finish my Master’s degree (which was required in my state for professional certification). And I swam fast and got money to help each year. I also got my entire doctorate paid for which was awesome! Not an engineer though – a teacher, but still got me to FI earlier than many!
Affluence and economic standing within society are often expressed in terms of percentile ranking. Economic ranking is conducted either in terms of giving lower thresholds for a designated group (e.g. the top 5%, 10%, 15%, etc.) or in terms of the percentage of households/individuals with incomes above a certain threshold (e.g. above $75,000, $100,000, $150,000, etc.). The table below presents 2006 income data in terms of the lower thresholds for the given percentages (e.g. the top 25.6% of households had incomes exceeding $80,000, compared to $47,000 for the top quarter of individuals).
In the classical music industry, teaching at school and orchestras are about the only jobs that pay living wage. Also, students (especially string instruments and piano) almost never get into top music schools if one starts after 10 years old. I started practicing my instrument when I was 5. You cannot decide in your high school years that you want to become a member of the SF Symphony, it’s too late.
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I believe a far more effective way to monetize your website is by offering consulting or other services, and/or selling digital products. In fact, that’s how I monetized AlexisGrant.com, where I only see between 13,000-16,000 unique visitors each month. (See my ebooks here.) Once you have a significant amount of traffic — I’d say at least 10,000 unique visitors a month — you can also add direct-buy advertising to the pile.
With the oil crash, I’m not sure petroleum and chemical engineering is the best choice anymore. Though I would DEFINITELy say “STEM” degrees give you way more bang for your buck than arts degrees. I’m a computer engineer turned published children’s author, so I’ve been in both fields. Engineer is gruelling and doesn’t have the emotional payoff that writing does, but man is it lucrative. For those who don’t like engineering, they could work there for 10 years, make enough to retire early, and then do whatever their little heart desires. It worked for me and it was worth it. Can’t easily do that with most arts degrees. If I had to choose again, I’d definitely choose engineering…or accounting.
2.My neighbor is a master electrician and has brought me upon many side jobs with him where i have really learned alot about the electrical trade. Much more then at my day job. He really likes me and i know he wants too start his own business and he wants me to work for him full time one day, however i dont know what he plans too do with me, will i be partner or just a worker? i know he wont screw me but ive heard that partners are a waste of time, build yourself not someone else. however starting a company i know is a much bigger task then it seems and he has the experience and knowledge that i dont have yet, i know he is willing to teach me but this is a big commitment and in the end all my hard work could go into his pocket. however that experience is what could differ me from all the rest everyone i know does the standard work for a bigger company learn nothing and go up north. Even from the little bit he has taught me i have used to do my own side jobs and make 60 to 70 a hour, and i know he can teach me so much more.