I only ask because sometimes I feel like my undergrad degrees are in subjects that people don’t care about in the finance or technology sectors. Where I live it seems like the people I know are getting paid $15-$18 an hour right after graduating college. The high positions I can qualify for after working for 10+ years at my non-profit only pay around $60k a year. I want more than that.
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. :-)
I like your blog , it’s very helpful. Can you suggest me a major that will guarantee me a high salary ( without having to spend too many years at collage) I am considering Nuclear Physics , but it requires 50-60 hours per week. I want to enjoy my money before my 30’s. I’m 17. It doesn’t matter how difficult the school will be , I have most of the grades equivalent to A and one or two equivalent to B+ , I live in Albania. Thanks and keep going with your good work!
Families also face modest increases in the cost of health insurance. The Kaiser Family Foundation, which tracks the costs of health insurance, found in 2014 that average annual premiums for employer-sponsored health coverage increased 3 percent to $16,834. Workers on average paid $4,823 annually toward the cost of coverage. Premiums increased by 26 percent over the past five years, slower than the preceding five years, which saw costs grow 34 percent.
The only thing to skip is the fancy school because most of my colleagues went to midwestern state schools. To Sam’s point, many engineers see an MBA as a way to move up when they get stuck and wonder “what’s next”… depending on circumstance, I’ve found this to be a bit of an illusion without a total career change. Anyway, I’m self-aware enough to admit that the glad-handing and corporate buzzword stuff isn’t my strength, so I’m happy to chill in the very low 6 figures with reduced effort now that I’ve mastered the job. To get ahead, I leveraged simplistic living/frugality (65% savings rate) as opposed to further career growth.
Sam, in eastern Canada, anything over 40K-50K per person is starting to be considered “wealthy”. The oil province is a little more lenient in this regard since they have oil money to compensate. In fact, in Canada we practice wealth redistribution on a provincial scale, and the rich provinces must contribute in order to support the poorer ones. Quebec receives a bit more than $1000 per capita IIRC.
Where a person lives has a tremendous impact on how far a $100,000 income will go. Living on that salary in Texas or Mississippi is dramatically different from living on it in New York or Boston. Roy Laux, president of Synergy Financial Services in McKeesport, Pennsylvania, says it’s an unavoidable factor that the cost of one’s mortgage or rent can make or break that six-figure income.
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.
The kids books side is ULTRA competitive. Trust me on this. I know many women who have tried and failed. This is why it’s partially a great reason to join the Yakezie Product Review Team. After a year of building relationships with agents, publishers, authors… guess what? If you want to write your own book review and make some pitches, you’ve got the automatic in already! Help them, and they will eventually come around and help you.
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:
I am writing you this comment in great desperation as I need your advice in something. I graduated from university with a GPA=2.6. My objective was to get recruited at one of the big four auditing firms (Delloitte, PWC, KPMG, etc). Obviously, my GPA is not sufficient to get enrolled. However, I am planning to work hard in studying for my CIA program (certified internal auditor). If i complete it and acquire a high score in the CIA examination will I have a chance at Delloitte perhaps? or Am i scewed? i will also embark on the CISA program as soon as i complete the CIA. PLEASE PLEASE TELL ME asap. Thank you for your kind attention….
The second thing you’ll want to consider is whether or not it is a receptive audience for both your message and the final sale. For example, doing a guest post on a site about Japanese culture might be a good idea for your Bonsai affiliate post even though the community might not be currently interested in Bonsai growing. Or you could go to a photography blog and do a link-bait post about beautiful Bonsai photographs. The site’s traffic might not buy from you but once the post gets indexed a lot of Bonsai-lovers will find it. Remember, these guest posts, videos, etc. should be sending relevant organic traffic that converts to sales over the coming months and years.
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 !!
You didn’t mention engineering as a industry. Engineers have some of the best starting salaries out of college and many of my business partners have MBAs. I graduated with a masters in structural engineering and then 6 years later got qualified as a diver with an ADCI commercial dive card. Then I was making 100,000+ annually. I now have my own firm and make 200,000+ at 32 years old.
Don’t set a goal to write 3 blog posts a day… set a goal to write 1 blog post a week and make that post super helpful, long, and filled with information that is so valuable you will say “yeah, people will link to that.” 90% of my traffic/affiliate income comes from just 20 tutorials, many of which are 5+ years old. But I am constantly updating them to make the content better.
I have a very similar story. I became a nurse as a career change, and now make over $200k. It’s very easy to work OT and second jobs as a nurse. My wife and I live in our 2 family, and rent out the basement apartment to help with the mortgage. Drive Prius and used Subaru, still able to do vacations, not worry about money month to month, we are in our late 30s now, 2 small kids, net worth over $600k and saving >50k per year.
This is probably going to be controversial but a few months ago I remember someone saying that Google is now putting more weight on blogs and websites that have a unique approach. This makes sense. They don’t want all the results on the homepage to be review sites! Since hearing about this and implementing it on a few of my blogs I’ve noticed quite nice results. If you can go one step further and create a unique tool or app to add to the page you’re laughing.
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.
While grades aren’t everything, they do an excellent job of sticking out in a pile of resumes and getting your foot in the interview room. For example, I absolutely sucked at networking. I remember attending some welcome reception and walking around the room for 5 minutes before going back to my hotel room! However, because I had a 4.0 GPA, I still got invited to over 25 interviews that semester. As a result, I became a Level 99 interviewee primed for dominance the following recruiting season.
Another problem that I see with Internet marketing in general is that ther are always too many bonuses attached to the product. I wonder if those bonuses are really better than the product itself? Imagine going into Wal-Mart and at the checkout line before you pay for your stuff, the casheer starts spouting off all of the bonuses and offers that you could get before you even purchased that product? Can you imagine how much time that would take? And all yo wanted to do was just purchase a bag of Oreos.