This is an insightful post. For 95% plus of readers, their job is the most important asset they have. So it is all about the sector, employer (go as elite as possible), and skills you target. Choose correctly, and you can get rich. Simple as that. The trick is believing you can actual get a job with an elite employer. That is more a mindset issue than anything else. Cheers!
I was researching affiliate programs because I own a small business and we are getting ready to do an event I wanted a few blogger to blog about and I came across this article. It was not quite what I needed but I was intrigued enough to read to the end. I do want to say the best part I found about this article is that you took the time to respond to everyone that left a comment, even for this article that was done over a year ago. I just want to say great job and I wish you the most continued success.
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.
Nearly $5,000 in affiliate sales is awesome, and I see this as a turning point for bringing in a respectable income from the site. (I’ve written more in this post about how we’re monetizing The Write Life.) But before we dive into how we accomplished this, I want to put that income in perspective for you. It’s still a drop in the bucket for our company, for three reasons:
Is becoming a $100k+ earner in orchestras like SF symphony just as competitive as joining a major sports league? Maybe. It’s just that $100k+ symphony job openings are so rare that no one can really count on it. Orchestra is a very unique job and often general public don’t know how people got there. Of course not everyone value and want to support arts. But when those few $100k orchestra job salary disappear, the live symphony music we hear today will die.
Learning and reading and trying things is fundamental to success. Anyone can do anything if they truly put their mind to it. This is not a get rich quick scheme, this is an idea board and an educational blog for people to explore, learn and try innovative ways to make money and retire early. It does take money to make money, but driving Uber for a couple of months until you have $3,000 to either invest or apply towards your startup won’t kill you. Yes, you may work 60+ hours for a short time, but it’s a short term time investment to a long term monetary payoff.
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.
If I were hiring a college graduate, I’d pay more attention to field of study than GPA. Given the choice between someone who got a 4.0 in English or a 3.0 in mathematics, I’d be far more inclined to hire the latter. Even for a job irrelevant to both disciplines. The math student had a tougher workload and almost certainly knows how to attack a problem better.
Second, I 100% agree you want to go to a state school! Not only did I graduate undergrad with a 6 figure offer in Electrical Engineering, I graduated with a 6 figure net worth from working those internships and investing (woot woot), and obviously debt free too (got to love full ride academic scholarships)! Though I used my 4th year of scholarships to do my first year of my MBA cause who doesn’t love free money while working 30 hours a week as an engineer. While I did this I lived in my parents studio apartment and saved over 95% of every penny I earned (that’s what’s so great about engineering during school – when you work and do school you make a ton and are too busy too spend it).
Great post. Good to read from someone whose career does not involve making 6 figures (sometimes while they are in their 20s)- if one follows the PF blogs, it’s easy to forget that the majority of the population makes nowhere near that! But being in that vast throng does not mean that it’s impossible to improve one’s lot, eventually make a high income, and someday reach FI.
That was more words the I intended to tap out on my phone screen…probably because I’m hurtling through the dark in a bullet train somewhere between Tokyo and Aomori toward the tail end of 3 countries in three days on two sides of the Pacific Ocean (for fun, not work) and my time-warped brain dropped into story time. My wife just told me to eat my bento box meal. I’m getting old. :-)
Yes reaching FI is important, but let that alone drive you to freedom (or boredom) sooner! How about balance act of – raising good family (in timely manner, don’t have a down kid at age 44 — rather finish having healthy litter by age 35!). PACE your life and goals – enjoy the journey as much as the destination — because, once you reach your “made-up” destination, there is no “coronation” ceremony !!
There are a limited number of scholarships available for flight students but I wouldn’t count on those; competition is fierce and there are very few awarded. Anyone starting now and taking the civilian path to a flying job needs to be prepared to make a hefty initial investment. There’s really no getting around that, but as you said there loans are certainly an option. Also, for those with prior military service, the GI Bill can be used for flight training. Hope this helps.
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.
p.s the mechanics of this particularly industry is old hat for me, and historically I’ve built multiple 7 figure net profit businesses using old tech like ‘telesales. I’m interested in SEO because I just think that cold calling and interrupting people is just inefficient and SEO sounds/feels like a really good way of giving people the information that they are searching for without bugging the s&1t out of them.
Not every site has to focus on emails. That being said, Ramsay has a good point. One of the reasons I wanted to ask about conversion rate is because you don’t know if people have objections. Usually this is the job of the product seller, but maybe they have questions about these specific products that aren’t being answered, which you could solve with an email list and regular updates.
I’d like to present another alternative to engineering, for those who don’t find that appealing: become an airline pilot. The major airlines are facing a tremendous shortage of pilots in the coming decade and for most that is due to the huge looming wave of mandatory retirements. That means not only will there be incredible demand for new pilots, but those who get hired in the next few years will move up the seniority lists very fast and enjoy the commensurate benefits of seniority (higher pay, more days off, more vacation, etc) far sooner than those of us who entered the industry twenty years ago. And life at a major airline can be pretty good. Nearly every major airline captain these days is making north of $200k, and some of the more senior bring in closer to $300k. And that is without a requirement for an advanced degree; a four-year degree from any accredited institution gets you in the door.
2. Back to #1: Other aspects. You must become educated in all facets of internet marketing. You need to watch a lot of instructional videos and read online articles and books. You MUST learn how to build a website, create a landing page, how to work with a large variety of traffic sources OUTSIDE of Facebook and solo ads. I’m talking about other resources such as techniques used with Reddit, for example. GET SMART.