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).
Anyway, I am trying to get into IT, because every other profession within banking requires me to take a test and get licensed and renew that license with more tests. I’m bad with tests, and I don’t need that in my life, and IT not only pays more, but I can just get certified with classes. Anyway, how do I go from fraud to IT? I.e. Business Analyst, higher up IT profession? I’m not a computer science major, btw. I was in health sciences. I’ll look into other money making options by following your posts, but how can I start making a decent living by converting to full-time from contract? I’ll learn software skills/IT on the side, but yeh…Any tips?
Of course there are some drawbacks. Learning to fly isn’t cheap. Another $50,000-$100,000 on top of the costs of a college education is realistic for most. But just as with college tuition, there are loans available to help pay for flying education. And one can flight instruct part-time while attending college to not only help pay for classes, but also gain valuable flight experience. Obviously the military, either active duty or national guard, is another potential option for defraying the costs of flight training.
There are some field of study where making 100K+ is quite tough (think of any child related job; teacher, daycare worker, child animation, etc). There are people who will never make 100K because their talents are not rewarded by money in our society (you will have a hard time finding a firefighter or police officer making 6 figures while all doctors will make it).
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Due to the education background, i’m aware that it is essential to building a security income for the future. Therefore i started working part time since young and save money for the rainy days. Of course i also like to go for travelling and enjoy good food with my family once in awhile. Currently i’m planning to maximize my existing reserve to passive income or higher returns. It will be awesome if you could provide me with some good advise :)
I think this post is totally on point. Starting from high school, you are paving the path. I also think choosing the right career is key. I have been a court reporter for 18 years, and my best year I made 270k, and in my worst year, I made 160k. Even with taking time off to have a baby, last year I still made 140k. I also think it’s true you have to hustle. I have recommended becoming a court reporter o so many people! But none of them have wanted to put in the effort to train and work their butts off. I turned 40 this year and also became a millionaire. Greatest feeling! And I didn’t have to sleep with someone not as good looking as me, LOL! Love your posts. Keep up the good work.
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.
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