The Cost of Living Index compares the cost of housing, utilities, grocery items, transportation, health care and miscellaneous goods. According to Bankrate’s cost-of-living comparison calculator, you’d need to earn about $141,000 in Boston to have the equivalent of $100,000 in Houston. And if you were living on $100,000 per year in Memphis, Tennessee, you’d have to earn roughly a whopping $245,000 to maintain the same standard of living in parts of New York City. While salaries are often higher in cities with higher costs of living, they don’t always match up to provide the same quality of life.
The GI Bill works exactly as it is intended. I’ve used both the Montgomery and the Post 9/11 as I served during the transition and participated in both. There is always a 4-6 month delay to get started. It’s because the VA is very slow to get things moving. You can apply as soon as you get accepted in most cases which for me was several months before I got out of the service. The program is not a fraud because of the red tape. Could it be better? Of course! But it’s not a fraud because it doesn’t pay you right away.
So, that answers part if your question…yes, my attitude toward work, humans, merit, fairness, money, work ethic and many other things changed in the years of my first early retirement…not really enough room in this format to dive into that, but maybe we can chat about it sometime. That said, the wife and I reclaimed millionaire mountain by 2013 and are looking to check out of the corporate grind again within the next 5 yrs or sooner depending on how the global economic drama plays out. Oh, and yup – I also sell most company stock grants soon after they vest.
I’m a senior in college. My major is Risk Management and insurance. I plan on getting an MBA in strategic mgmt/Finance from a top 20 business school OR an MSHA from a top 5 MSHA school like Michigan(1) or UAB(2). I hope to start making a least 120K right out of grad school. I understand you can be a hospital administrator or even CEO with an MSHA. Which career looks more promising when you factor in the cost of grad school?
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).
You Don’t Need To Track Affiliate Links To Improve Conversions – you will always hear people telling you to track affiliate links. But for me, I generally use the same content about SiteGround on all my speed optimization articles… it is very important it converts well. Change your approach on how you recommend your affiliate product (it’s perfecting your sales pitch).
Thanks for sharing this information. I actually work as a Project Management consultant in the technology and healthcare industry but I really want to get into construction project management because I love architecture I was also interested in natural resources project management just for a change but, it is very difficult to switch from one industry to another any advice?
1. I can go up north (make 120 guaranteed with a pension through the union) but the hours and the lifestyle (2 weeks in 1 week out) might be too brutal for me (fort Mac if you have heard of it really is not for everyone), i thought i would give it a try after school and see if it works for me but ive heard of many people having problems with their relationships/health with working so much. and i have to come back to town eventually and yes maybe ill have a nicer number in the bank but thats about it right back too 85,000 and still working hard.
I think you are on the right track about his willingness, or lack thereof to relocate. Knowing him, he is quite passive and possibly only limiting himself to local options. He has interned and maintained good grades. Despite his lack of ambition and possible reluctance to relocate, I am still surprised that he is having such a hard time finding something local as if there are no jobs in NY in Chem Eng field at all. Any advise I can pass on to my passive friend other than relocating?
In a recent post on blog hosting I decided to promote BlueHost as an affiliate as I had used them for years and felt comfortable talking about them to the hoards of readers asking me for recommendations. In the end I applied to the program through BlueHost itself and the stats, tracking and affiliate support offered has been much better as a result.
Thanks for the thought provoking comment. It’s a question of idealism vs. practicality to me. I would absolutely support dictatorship or socialism if it meant responsible management of resources, equality and peace of life. But from history, we know leaders get corrupted or people take advantage of the system. Thus, we all play the game by ourselves to fight for our right to live the way we like…at least for those who are fortunate to be in a country that allows it.
You should still shoot to be in the top 5% of your class. Pure determination alone can get you into the top 10%, and that’s likely going to get you a spot in a public university. For example, students in Texas are guaranteed admission into any public university in the state if they are within the top 7% of their class (formerly 10%). There’s a similar program at Georgia. Check if your state schools have similar guaranteed admission criteria.
Based on the marketing, you earn 100% commissions on sales and on upsells. The promotion throughout the site makes these products sound like sure-fire winners, especially as Michael Cheney has already made a lot from them. That's not a bad commission rate! Seriously, I love when companies pay high commissions, but you have to promote good products if you want to keep those commissions and avoid refunds.
But getting 1000 visitors to any given affiliate site meant I'd have to get about 10,000 visitors to my own site. If I could do that every week, I'd be doing OK for a small business site with a marketing budget close to zero. But I was already learning that it takes time and money to get 10,000 visitors a week. And let's see... for all my traffic generating efforts I would pull in a cool $180 a month? It didn't take a genius to figure out that it might not be worth the effort. I passed.
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In the classical music industry, teaching at school and orchestras are about the only jobs that pay living wage. Also, students (especially string instruments and piano) almost never get into top music schools if one starts after 10 years old. I started practicing my instrument when I was 5. You cannot decide in your high school years that you want to become a member of the SF Symphony, it’s too late.
What is your oppinion, and what advice would you give someone who dropped out of High School because they dont want to “go to college to get a career job untill retirement… I think school (atleast the schools I attended) trains students to believe that is the only means of achieving financial stability”… “I asked a teacher once ‘how come we dont learn how to make money instead of learning how to physically labor for money you know “work smarter not harder”… Lol that was a mistake on my part!
My daughter is at a state university now finishing in 3 years (Chemistry) and we are currently “engineering” my son’s last year in high school so that he will finish college easily in 3 years or less (at a state school too!) I told him he couldn’t go to a school that wouldn’t accept his AP/Community College credits and when he saw that he would be starting as at least a second semester sophomore – he “got it”.
Always disclose your affiliate relationship. Most visitors will probably understand that graphic ads will lead to your getting paid, but if you write a review or use an in-text link as a recommendation, you want your readers to know that may lead to compensation as well. This ensures you retain transparency and trust with your readers, but also, it's required by the FTC's endorsement rules.
Hi, thanks for another awesome article. I understand EVERYTHING on this subject but what’s the best course of action when your website is lacking a tight focus? My site is based around the concept of stop doing the things you hate and start doing what you really want. Which started out with ‘how to quit your job’ but I thought that was too limiting so now it now covers all aspects of lifestyle, interacting with others, thoughts on life and health & fitness. (using personal experience where applicable).
First of all great article John, and thanks for sharing your story. What Vicki says about her kids resonates with me. My parents limited me to schools I could commute to. In the back of my head I always knew that was better financially, but it was still tough to think of what I was missing out on. I still got by and had a blast in school so it worked out. Everything is what you make of it.
My goal is to sell a poster, a rather special poster which is the collation of all those TV programs that tell us about the events in the history of the universe. You know, “it’s so many million years since this volcano and so many billions since that extinction event” etc. I could never get a grip on where these events came in relation to everything else, so I started to assemble everything and put them in order. It’s only taken 4 years and a bit.
If you are writing online your posts should be brief, clear, checked for spelling and grammar and consistent. Your blog may not have broad appeal if it has limitations in these, so your EBooks and public posts can benefit from a professional proof-reader, or extra classes in English, whether it is your first language or not. Whether you write a blog, a book or anything else, your only tool to deliver your message is language, and you should gain all the skills you can with it. If you don’t have time for this, use the services of someone with the best language skills you can find.
To put it another way, the high income is intended to ensure that the desired individuals obtain the necessary skills (e.g. medical or graduate school) and complete their tasks with the necessary vigor but differences in income may, however, be found among occupations of similar sociological nature: the median annual earnings of a physician were in excess of $150,000 in May 2004, compared to $95,000 for an attorney. Both occupations require finely tuned and scarce skill sets and both are essential to the well-being of society, yet physicians out-earned attorneys and other upper middle class professionals by a wide margin as their skill-sets are deemed especially scarce.
As someone that works offshore. Yes all of those things are free but with Ebay and Amazon a click away it’s easy to spend money. Having the discipline to save when you’re not working is harder than you think. I find it easier to travel(this is me), stay out late, and justify more expensive hobbies which all of these can drain the money you’ve saved while working. .
As a Pet E. out of college, you’d likely earn around 100k + bonuses. After 3 years, you’ll probably earn around 115 – 130k working only 40 hrs a week. This gives you time to work on other businesses. However, you’re subject to downturns like the one we’re facing now. Lots of graduates and even experienced people unable to find jobs currently until the oil price turns around, so it’s a bit of a gamble.
From what I’m gathering it may be best to test it out first and see if sales drop and see from there. However if sales are lost I’m thinking it could be made up for with the e-mail newsletters. I guess it’s a bit of a tough one and it will require trial and error for a few months. My main concern is deciding where to place the e-mail optin without causing any annoyance for visitors.
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?
The reason I’ve put the “choosing your affiliate product” section before the “blog post writing and strategy” section is because it’s often really beneficial to know what affiliate keywords you’re going after before you start the blog. This gives you a good opportunity to craft the content and the tone of the discussion towards the promotion of the product in the reader’s “journey”.
Another advantage public schools have is their far broader acceptance of AP and community college courses (remember Step 1?). After all of my credits were applied, I entered college as a junior and graduated in 3 years instead of 4. That’s an extra savings of $10,500 or $50,000 if I were smart enough to get into a school like MIT. I’m not even including room and board and textbook expenses. Absolutely huge.
There are less than 10 orchestras in the US that pay $100k or more. Depending on the instrument there are only about 0 to 5 position openings total (5 being maybe violin, 0 is maybe a tuba position) per year from those top orchestras. Each year, there are thousands of graduates from top music schools and they compete for that position in auditions. I auditioned and failed so many times I lost count. Of course when the economy sinks, the number of auditions decline even more. (orchestra tries to save money by hiring temp subs instead which is detrimental to the artistic quality)
really appreciate that nice article about affiliate program’s i struggled for several years and even i want to start hosting i seen several articles but this one could be really different when compare to others i started a blog few days ago but i linked to adsense approval it doesn’t approved finally i want to write an articles i tried even but finally always dissatisfied about my articles and u wanna see my article so welcome to my blog healthyhintz.blogspot.in see the post once and suggest me about my article, one thing i send u lots of mails i don’t know u didn’t get or not. thank u see u soon
For 2018, he’s most interested in arbitraging the lower property valuations and higher net rental yields in the heartland of America through RealtyShares, one of the largest real estate crowdfunding platforms based in SF. He sold his SF rental home for 30X annual gross rent in 2017 and reinvested $550,000 of the proceeds in real estate crowdfunding for potentially higher returns.
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.
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.
The latest annual inflation rate is 1.3 percent. It was 1.5 percent in 2013, according to the Bureau of Labor Statistics. That’s well below average, but gas, food prices, college tuition and the cost of health care have taken the biggest bites out of six-figure incomes. The latter two, plus the cost of housing, have risen faster than the rate of inflation over the past decade.
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.
And don't forget, in order to truly make personal recommendations, you'll need to be a CUSTOMER as well. I see far too many affiliates making personal recommendations without even making the investment in the product or service they are promoting. Not only will you lose credibility when you do this, you'll be limiting your marketing potential by not knowing the product like you should.
It therefore becomes apparent that the majority of households with incomes exceeding the six figure mark are the result of an economic as well as personal union between two economic equals. Today, two nurses, each making $55,000 a year, can easily out-earn a single attorney who makes the median of $95,000 annually. Despite household income rising drastically through the union of two economic equals, neither individual has advanced his or her function and position within society. Yet the household (not the individual) may have become more affluent, assuming an increase in household members does not offset the dual-income derived gains.
Actually Nunya, Jafar’s English is very good, with only a few very minor errors, and far better than most English speakers. It is simply not true that you can “barely read it”, it’s as good as yours. Most Americans, Australians and British I see online have very poor spelling and grammar, and use memorized abbreviations and SMS-speak instead wherever possible. You cannot sound as if you have something to teach people, if it sounds as if you still have to learn basic literacy yourself!
The need for people with your knowledge to help us majority, could really help our country as a whole. Please take into consideration not just monetary value of your life, but what you can do to help us in need. I had a 3.9 in highschool, 3.7 at Purdue engineering, life happenings made me drop out of college, i had to earn money for my family, and help support them. I am now 41, a single mom of two girls, was able to leave a highly abusive marriage alive, working my ass off to make ends meet and it is never ending….We could use someone with your knowledge to help the millions that have had “bad luck”, been “dealt a shitty hand at life”. I guarantee the majority of us are the hardest working Americans in the country.
By another measure - the number of square feet per person in the home - the average home in the United States has more than 700 square feet per person, 50% - 100% more than in other high-income countries (though this indicator may be regarded as an accident of geography, climate and social preference, both within the USA and beyond it) but this metric indicates even those in the lowest income percentiles enjoy more living space than the middle classes in most European nations. Similarly ownership levels of 'gadgets' and access to amenities are exceptionally high compared to many other countries.
The income disparities within the top 1.5% are quite drastic. While households in the top 1.5% of households had incomes exceeding $250,000, 443% above the national median, their incomes were still 2200% lower than those of the top 0.1% of households. One can therefore conclude that almost any household, even those with incomes of $250,000 annually, are poor when compared to the top 0.01%, who in turn are poor compared to the top 0.000267%, the top 400 taxpaying households.[original research?]
Perhaps; I think a larger reason for why there are so few $100,000 earners is due to relatively difficulty in getting a job that pays that much (or creating income source(s) to generate that level of income) as compared to a less than $100,000 a year position. I also think there’s more than a few people who happen to gravitate toward professions that don’t pay such high salaries; if you are a kindergarten teacher, and get a lot of personal satisfaction out of your job, you might have no desire to go back to school to become, say, a venture capitalist. The fact of the matter is that not every profession we as a society need pays more than $100,000 a year; which is probably good, because if they did, prices would adjust to the point that you’d need to earn $1,000,000 a year just to be upper middle class.
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