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Thanks for the tips, Tiffany! It was very helpful. I just started my blog about a month ago and just signed up for Shareasale. I do have a further question. Do you know what blog post on Shareasale’s blog, gives me the best information in getting started and what I need to do? I am finding it hard to navigate my way through and really get an idea of the best way to start. It’s all quite overwhelming. Or is there a post that you have to guide me better?
Now, here’s the current conundrum. I still don’t make six figures. I have made some really smart money moves, but even now, I’m not slated to pull in six figures for another decade. I have two choices. The first option lets me sit back and let time work its magic. Each year of service nets me a small raise. It also gives our money in the market more time to do its thing. Conversely, the second choice involves monetizing our talents and skills. Otherwise known as prioritizing the side hustle or the passion project.
As you progress your mid-career 6-figure/+ salary, and full 401K contributions over the years, along other bonuses/stocks/investments you may have made/saved., you are on your path to that million and/or FI.. As you reach into late 30s, early 40s, see the financial picture: your 401K+investments growing about 7% average — on a typical 800K investments — that amount to $56K/year, your salary (don’t forget savings!), plus say 25K/year growth on your home-equity (in good town/school-district)., you will be closing “double” the six-figure income. Keep the progress going, cruise-control, and enjoy the ride along the way — you be on your way to FI soon. Do learn Golf, you know how to hob-nob with big boys (or girls)
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:
Great post! I majored in Electrical Engineering, instead of going the tech route (mistake?) I went into infrastructure and engineering services. The work is pretty easy and I work no more than 40 hours a week. I’m in my early 30s moving up proves to be very hard even with PM experience and being a licensed PE, this industry is very flat… So I’m going to business school this fall to get an MBA part time. I sat in some classes and I actually love it. I never explored the possibility of studying business before but nonetheless I’ve had side interest in economics and leadership psychology for a long time and read a lot. Don’t know if I will see an ROI immediately but I am probably going to enjoy these courses.
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.
I also worked my ass off during high school, went to a public university with enough AP credit to graduate in three years with an English degree (gasp!) then received a Master’s in journalism (double gasp!) that costed next to nothing, because I moved back home with my parents and didn’t have to divulge their income on the FAFSA for a graduate degree. I went into tech marketing and was making six figures by the time I was 25.
If there’s one thing that all freelancers know, it is that their income is always ‘unpredictable’. Sometimes, you have work that you can’t even handle and sometimes, you are in desperate need for work. Your earnings as a freelancer depends on your time. The more time you spend, the more you will earn. This is why having recurring revenue can prove to be a significant factor of financial growth.
First, much of that income came from the initial hype that surrounded the product. Once people started trying the products and reviews came out, sales would have dropped considerably. That’s largely because the reviews often aren’t positive and the products don’t tend to live up to the hype. I can see my own traffic stats from reviews, and after launch, product interest dies out considerably and never returns. Can you expect to make sales from these year-old products?
Following my passion was definitely the wrong thing to do. I never advise anyone to ‘follow their passion, after what I went through. If your passion doesn’t pay a living wage, don’t follow it as your main career, follow it as your hobby. I wish someone would have told me thatthe first time around. Unfortunately, we didn’t have the internet and all these wonderful blogs when I went to college the first time.
Another good platform to start with is Reward Style. Once you’re enrolled, you can get links for seriously hundreds of different sites–everything from Bed, Bath & Beyond to Anthropologie to PETCO to Pottery Barn Kids to Zulily. While it’s a fairly small commission (usually 5-15%), it all adds up and all you’re doing is helping to facilitate a sale for something you’re already talking about anyway!
I could have promoted WP Engine (hosting company) for $200/sale with no tier program to climb – sounds pretty good right? But when I checked ShareASale I saw their reversal rates were 24%! Just to give you an idea SiteGround’s reversals are less than 10%. WP Engine starts at $29/month while SiteGround’s is $3.95/month, plus SiteGround has a better reputation. I had to climb a tier program to get SiteGround’s $150/sale, but long-term my research paid off.
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.
these are certainly well known ways of making money with affiliate marketing…the best example i can give is rahul kuntala of learnblogtips.com, he has created an ebook and also has a landing page as you suggested! i would also specify bharat mandava of wpsquare.com, who earns most of his income through affiliate marketing!! thx fr the article jafar :)
How to Get This Job: Actuaries must have a bachelor’s degree in a concentration like mathematics, actuarial science, or statistics. In addition, they may want to take coursework in programming languages, databases, and writing. Actuaries are certified by two professional societies: Casualty Actuarial Society, which certifies professionals who work in property and casualty, and The Society of Actuaries, which certifies professionals who work in life and health insurance, as well as retirement and finance.
Interesting post. I made about 110k at age 25 working less than 40 hrs and about 4 weeks off. It was my first gig and a non engineering degree. I graduated with a Masters and now make much more simply because i work more hrs. Im in the healthcare field. Job is tolerable and hrs are flexible with a high level of freedom and flexibility. My path was different from most as i fell into the profession, rather than having a concrete plan. I am blessed I suppose. I have a friend who gruduated with a Chemical Engineering degree and has not worked in the field since graduating from a reputable Uni about 4 yrs ago. Last we spoke, he was working night shift at Dunkin Donuts. He tells me he cant find any work in the field. Whats up with that? He is in NYC.
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).
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.
\naverage salary is a pretty generic term and does not tell you how the number is computed. Usually, but not always, it would be the sum of the salaries divided by the number of salaries. This is known as the mean.\n. \nThe median salary is the "middle" value. That is to say, if you listed all the salaries from lowest to highest, the median would be right in the middle. \n. \nA more precise statistical definition might say it is the value that separates the higher half of a sample or a probability distribution from the lower half.\n. \nWhen you say average, the might indicate the mean salary, but we don't know for sure. The mean is what I described in the first paragraph.
I think there are two basic ways to get to 100K. First is to plan a career that offers jobs that pay 100K as FS talks about above. The second is to follow a passion that can lead to 100K due to your skill or making a good business out of the passion. (So, the passion job is not typically a 100K job – but you find a way or you follow it to a direction that leads to that income).
in terms of pay, sure, eventually you’ll make $100k at Booz Allen, but you’ll reach that number much sooner at other firms. Booz Allen pays $50-60k to Consultants fresh out of undergrad. Year over year raises are insignificant (they cap at 3%, unless your Principal/Senior Associate goes to bat for you on market rate adjustment). Promotion raises are also nowhere near market rate. Additionally, levels below Senior Associate do not receive a performance bonus. You will likely not reach $100k at Booz Allen until 2nd Associate (see below levels).
In recent years, college tuition costs, which have been growing faster than the rate of inflation for more than two decades, have slowed a bit. According to the College Board’s annual Trends in College Pricing report from 2014, the average cost of in-state tuition and fees at a four-year public university increased by 2.9 percent between the 2013-2014 school year and the 2014-2015 school year to $9,139. The past two school years were the first since 1974-1975 in which increases were less than 3 percent (not adjusted for inflation). That doesn’t mean college is cheap.
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.
If you work for a major (Shell, Chevron, BP, Conoco) they pay about 90 – 100k starting for petroleum engineers and about 70-80k for mechanical/chemical/electrical engineers. The exception is Exxon (they pay more because it’s a terrible work environment, but they make the most profits). If you work for a smaller independent, perhaps it gets bumped up 10k or so. Bonuses are typically 10-20%. I’m a recent graduate in Petroleum Engineering working for Shell.
Want to earn a six-figure salary? Choose your next career path carefully, and get ready to make a serious investment in education. According to data from the Bureau of Labor Statistics’ Occupational Outlook Handbook, only 55 out of 818 listed occupations offer median salaries of $100,000 per year or more—and 53 of them typically require at least a bachelor’s degree.
Great post! I took a similar route only with Mining engineering. One thing I didn’t see mentioned is the aid available for these type of programs (less recently). When I started school companies would sponsor a full YEAR of tuition with the stipulation you graduate within the mining program, and you didn’t have to work for that company (scholarships booyah!!) These industries have a huge age gap with the majority of senior engineers retiring or recently retired. Can you say desperate? While I do still work for the man, at least I get to play with huge machines and blow s*** up!
One of the major stumbling blocks that hinder job seekers from gaining employment is usually the issue of experience. Most employers will often require their candidate to have worked in a similar niche for quite some time. This program grants job seekers such as vital resource. It is especially relevant to those who intend to pursue a career in sales and marketing.
[…] 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 have never struggled with grades. Foolishly, as a high school senior at the top of my class, I chose a small private liberal arts school to attend for undergraduate studies. Even worse, I majored in the humanities, and obtained a Bachelors in Social Work / minor in Spanish. Since a masters takes only one year if you have your BSW, I obtained my MSW directly after graduating.
And of course it’s the main problem that I have with this program; instead of learning how to build your own online business, you’ll only learn how to make a website, promote Michael Cheney’s products, get traffic for that website and get commission for every sale that you make. So as it looks, it’s not good at all for people who are looking for a way to make fast cash so you may get disappointment soon and give up if you do not see result immediately after joining.
But don’t worry. You don’t have to make it all the way to the top, because you’re not going to an Ivy League school (see Step 3 and Should I Go To A Public Or Private School). Instead, channel your aggression towards maximizing Advanced Placement (AP) and community college courses. Why? Because these translate into real college credits later for a fraction of the cost now.
There are plenty of different avenues you can take to breach that magical six figure mark. Doctors and lawyers routinely make multiple six figures. Longshoremen (dockworker) average $120,000 a year as we discovered during the Oakland longshoremen strike in 2001 and 2015. After 20 years on the police force and fire department, the majority of our brave men and women make $100,000+. Not only that, their capitalized pensions are worth millions!
This most certainly was not an accident. They fit a very deliberate narrative in both this site’s journey and Glen’s own journey – those products are things he wanted to make for his own use as much as they were made for his readership and the wider blogging community. And because Glen is perceived as an authority in his niche the readers often purchase his products out of curiosity and a sense of not wanting to miss out.
I’m just learning about this and I have never done it before. I just a had a question or two. Can I work from my phone is a iPhone 6s. And I’m not asking you to go through the entire thiing in your answer but how do I get started and how will I get the training I need. I had to get out of the out of town work due to my dad getting sick so I wanted to be home more, and one more thing does it cost a lot to for getting the adds or material needed to start making money. If so how much or some of the cost just ballpark figures will I have to spend while I’m up and going. I’m serious about it and just though I could get some advice and answer a few of the questions. Thanks Brett
Use Deep Links – these are pages on your affiliate’s website that AREN’T the homepage. For SiteGround’s hosting I link a lot to their speed technology page as an affiliate link. If you’re doing Amazon’s affiliate program you just want to gather a list of products you will be recommending to readers, create an affiliate link for each one, and import them to the plugin.
The quest for six figures gets even more complicated when you consider the ways in which our country tends to vilify any individual with a big income. Let’s look at Scrooge. Whether we’re talking about the original Dickens character or the McDuck cartoon version, one thing is abundantly clear: Rich people are misers who think little of others without divine intervention. News headlines describing real-life millionaires aren’t much more generous. But net worth doesn’t dictate self-worth. No one should apologize for seeking wealth.
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.
"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."