In contemporary America it is a combination of all these factors, with scarcity remaining by far the most prominent one, which determine a person's economic compensation. Due to higher status professions requiring advanced and thus less commonly found skill sets (including the ability to supervise and work with a considerable autonomy), these professions are better compensated through the means of income, making high status individuals affluent, depending on reference group.
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.
The principle job of a reservoir engineer is to predict how much oil is in the ground and how quickly these volumes can be recovered. This involves working with geologists and other engineers to build computer models to forecast production. The unique thing about this industry is the uncertainty of it all. I’ve been on a team where all the engineers, assurers, managers propose a project…get the company to spend a billion dollars…and end in complete disaster. So a considerable amount of hand-waving is involved.
You might ask if 7 figure franchise is making 7 figures then why does he sell, simple coz selling it will make him 7 figures, now let me breakdown for you, lets say I have a method that genunely makes me $1000 per day, and In 30 days that makes me 30,000 so I take this method n make a product sell it for $2000 giving affiliates $1000, I get big affilates sending 1000 visitors and only 100 buy that means instead of me making 30,000 a month I make 100,000 in 3-7 days coz I sold my 1000 a day method.
It’d be hard for Google to argue with this content not adding value. After all, some of the guides have received close to 10,000 shares and have been used by the brands themselves to educate their own customers. Generally speaking, each guide takes about 40-50 hours to produce, and is benchmarked to beat the best existing piece of content on the topic in virtually every aspect (from design and share-ability, to page speed and on-page SEO).
Some more information: I’m really interested in business, finance and law and have started a successful organization. I also am good at computer science and have won a lot of national and international science fairs. I’m also a national high school debate qualifier. I’ve taken a certified IQ test and have received a 140. I got close to a 2400 on the SAT. I had a very bad injury in ninth grade and I missed a lot of school (I got a C in a class because of that!) I am really worried about my future.
Many students in high school and college are bored due to the courses being to easy and don’t feel the need put effort into the perfect gpa rat race. Just because you can obsorb and regurgitate the material does not mean you will be a hard working, loyal and reliable employee. If your GPA is 4.0, you can still be a horrible employee. How many employees go to highly ranked schools and get high gpas in studies which have no real use in the real world. Does that mean mean that 4.0 student was wise in making that decision, I don’t believe so. It’s more on how do you want to live your life.
I just want to point out that all though it is fantastic to go to college & to have great grades, innovative thinking & motivation can land you an awesome job. I graduated HS top of my class & went to a small private college for 2 years. I only have an AA degree (nothing to brag about though I always earned As). I decided to get married at 19 (I know, right?!) but when I was staying at home with the kids, I started my own real estate business & started making a 6 figure income within 3 years. I have doubled that within the past year & rake in over $300K per year working from home. I sell around 200 properties a year. I just hit 30 & make over $300K per year & started making 6 figures at only 28. I’m sitting pretty with a high paying job where I am in control of my own destiny. Work ethic & seeing an opportunity & knowing how to seize it is how I got there. With that said, I do value education & will likely go back to get a degree someday just so I can say I have one. For now though, I will focus on my $300K+ per year income & know that I made this for myself.
Nerds got a lot of grief in grade school. They were picked on, made fun of, called, “NERD” and other much worse things…lol. But as a grown up “Nerd” I can look back at all the jocks and have the last laugh cause it’s me who is now successful (and better looking), and their 10 seconds of fame on the HS Varsity football team resulted in a job at McDonald’s cause they “ain’t got no edjukaton”. Cheers to all those who are smart, took the grief, and are now living the good life! 🙂
As for my young self’s income, I’ve told a few pieces of my story in comments for other FS posts, but here is some history that aligns with the content of this post and answers a couple of Sam’s questions: I can’t remember if I made over $100k by 25 or by 26, but was a millionaire by 27 due to a mostly lucky break with tech company stock options in the Roaring 90s. The path: I graduated high school as co-valedictorian, but will call myself #2 because the other guy took harder classes so deserves the #1 spot. I started college in mechanical engineering, hated it (and esp. one evil professor), switched to international studies, liked it. I got decent grades, partied a lot to make up for a choir boy high school experience, and worked all the way through college…full time my senior year…but just sweat jobs, no internships. Paid for college myself. After college, I traveled and partied a bit more, dabbled in a few different jobs and ended up convincing a small software company to pay for a basic software testing programming course in exchange for about 6 months of service (got that through casual networking inspired by a dose of nepotism). I wrote a test script they were able to sell, so negotiated an early break and landed a test engineer contracting job at a large software company via the worst interview in the history of interviews (the recruiter had to come get me in the parking lot as I was getting in my car to leave…the hiring manager’s closing question was an incredulous “…ummm…so, why should I hire you?” which I answered by jumping to my feet with both arms in the air to yell, “Cuz I’m the best!” He laughed and told me to get lost.). After a year at that job, I did a couple other tech contracting gigs, then converted to a full time gig with a pay cut for a junior mgmt job in exchange for lots of stock…which split 4 times in 12 months, thus the millionaire thing at 27. I lost 75% of that money via bad (a.k.a. zero) investment mgmt by 29, but had a fantastic time bouncing around the world adventuring and doing a little non-technology work (including teaching English in a Mexican university and training teachers in Los Angeles, both of which I liked). I eventually got married and went back to madam technology, but as I hinted above, this old whore (hey, “44” rhymes with “whore”..whaddyaknow..I’ll remember that for my birthday next week ;-)) has about run out of energy or interest for working the corporate red light district. I’ve created some other income streams, but want more of that before I leave tech and spend more time the way I now want to. This site is good inspiration for that.
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.
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.