I like what I do but eventually would like to start my own engineering company. I feel like this is different than what Sam was referring to with regards to dissatisfaction with the work that engineers do. Engineering is a pretty easy gig honestly. I work 40 hours a week on engineering work and occasionally work a few extra hours on business development. I’m going to finish my masters in a few months (completely paid for by my company) and then be looking to make ~160 after that.
There are plenty of different avenues you can take to breach that magical six figure mark. Doctors and lawyers routinely make multiple six figures. Longshoremen (dockworker) average $120,000 a year as we discovered during the Oakland longshoremen strike in 2001 and 2015. After 20 years on the police force and fire department, the majority of our brave men and women make $100,000+. Not only that, their capitalized pensions are worth millions!
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.
So then I graduate… and my company offers to send me to any school in the country for my Master’s; pay my salary + the degree and then give me another raise when I graduate… So me being the person I am I applied to a bunch of top schools cause not like I was paying so another full ride (woot woot). So now I’m about to finish my Master’s this December at a top 10 program by the age of 23 and I expect my income and investments to net me probably 140k with a LOT of upward mobility. I live in a state much cheaper than cities like Houston/Dallas… so for sheer buying power I would say I am probably pulling 400k equivalent to someone in the Bay Area or NYC. So if you bust your ass you can crush it out there.
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.
That is a good point. Unfortunately some people don’t “know how to be rich”. A financially literate person(Warren Buffet, Carl Icahn, Bill Gates, etc.) can turn $1 million into $1 billion by living within their means and only spending substantial amounts on productive assets, whereas others will blow it on anything they see and end up more in debt than they started(think MC Hammer.)
Btw, can I get into investment banking without having a license? I already have a degree, just need to self-learn the material online, but…I don’t know if I can be valued as an employee like that…But my main question, if Bank of America doesn’t take me on full-time, can I apply to other full-time 50k+ IT positions while being a contractor or introducing myself to other IT professionals within the company and showing my interest for an entry level IT role?
i sat through the webinar. i asked the chat box guy “why can’t we see a live view of how these funnels look?” he said you just have to trust michael cheney. well it was nothing more than hype. if you can see the actual product they are selling, that makes it hard to trust. I also asked, if this system is so great why doesn’t Michael just keep it a secret and earn millions and not share it? what does he need me for? He just wants to be nice? oh WOW how kind!
Two income-earner households are more common among the top quintile of households than the general population: 2006 U.S. Census Bureau data indicates that over three quarters, 76%, of households in the top quintile, with annual incomes exceeding $91,200, had two or more income earners compared to just 42% among the general population and a small minority in the bottom three quintiles. As a result, much of the rising income inequity between the upper and lower percentiles can be explained through the increasing percentage of households with two or more incomes.
I have never struggled with grades. Foolishly, as a high school senior at the top of my class, I chose a small private liberal arts school to attend for undergraduate studies. Even worse, I majored in the humanities, and obtained a Bachelors in Social Work / minor in Spanish. Since a masters takes only one year if you have your BSW, I obtained my MSW directly after graduating.
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And of course it’s the main problem that I have with this program; instead of learning how to build your own online business, you’ll only learn how to make a website, promote Michael Cheney’s products, get traffic for that website and get commission for every sale that you make. So as it looks, it’s not good at all for people who are looking for a way to make fast cash so you may get disappointment soon and give up if you do not see result immediately after joining.
1. I’m no longer a solopreneur. If I was a solopreneur who netted $5K from a website I ran on my own, that would be pretty darn good. But I don’t do everything myself. Instead, I run a company that has a lot of expenses. My team manages a number of blogs, and I pay six team members each month, as well as dozens of writers who contribute to our blogs, plus a tech-support team. That $5K goes into company revenue, not directly into my pocket.
Thanks for the really insightful reply. I really appreciate it. Now, what if I did not want to be a network engineer dealing with hardware? I definitely do not mind taking certifications, but if I just wanted to become a business analyst or QA Analyst…some IT profession that doesn’t require too much programming or developing because I need the time to learn at the programming languages…Like I’m trying to get a plan going here…BTW, i’ve heard of the CCNA thing over and over again…is that only for network engineers? Because..I dont really want to deal with hands on material or travel too much…I’m tryna be in a position where I earn certifications and learn stuff online and gain experience doing projects online or volunteeringly taking on work to contribute to the IT department to showcase my interest…
I used to think education was overrated, and personally swore off not going back to school after I finished my undergrad. Then the economy hit the skids form 2001-2005 and I went back to get an MBA part-time. I know think education is underrated, not only for the things you learn, but for the connections you make and the confidence a good education gives everyone.
Thanks for sharing. Parents will definitely find your info helpful! We agree with you on public universities. My wife and I went to city universities and both of us majored in Computer Science in the early 80’s. My wife is the smarter one and she went to college for free. My parents paid 6K for my 4.5 years. It around $450 per semester back then. I think we got a great education. I can’t imagine parents paying over 50K plus per year these days.
This is interesting to me because I just accepted a medical sales job with a great company and there is a lot of opportunity, however I left a job I really miss (didn’t realize how much I liked it until I left). Although the income potential is high in med sales, I’m really not liking the lifestyle of being on the road all the time. I also moved to a new place for the job and don’t know anyone so that doesn’t help either. Is it better to stick it out and see if something changes or accept that I made a career mistake and try to get out asap? I guess I get torn between going after a good opportunity vs going back to a job with less potential but maybe something I’d enjoy more.
It seems like you no longer want to work so much and are trying to break free ASAP in your mid-to-late 20s? Is this true? If so, why do you think you burned out so quickly from petro engineering, especially if it only takes you 40 hours a week? 40 hours a week is a walk in the park in comparison to banking, consulting, law, medical etc. Why not just work as a petro engineer for longer?
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.
I have been a cop for 5 years and have two kids, a wife and mortgage. I like what I do but lately I have been thinking of a career switch to make more money. I majored in criminal justice in collage. I don’t know if I could afford to go back to school with a family to support, however I want to be able to provide more for my family. What would you suggest?
If you’re writing reviews, you should 100% be using rich snippets (they add review stars to your search engine snippets and increase click-through rates). There are many WordPress plugins for this but my favorite is WP Rich Snippets. It’s $69/year (or $399 one-time) and I use it for every single review I write. They have tons of add-ons, settings, styling options, and looks nice. Free plugins like All In One Schema.org do work but lack settings, styling, and flexibility.
Someone does not have to lose for someone to win. That is called gambling. An example; let’s say you go to a bank to borrow money to start a bakery. You bake a lot of cakes for a lot of weddings. Your customer wins because you baked an awesome cake for there wedding, you win because you got there money, and the bank wins because they got there money back with interest. Also, the bakery bought flower for the cake so there supplier wins, the supplier bought it from the distribution center who wins, the distribution center bought from the manufacturer who wins, the manufacturer bought from the farmer who wins. Everyone wins. Even the government who collected taxes on every step above won.
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They say, if I invest 0.04 bitcoin (this seems to be their minimum threshold), I’ll receive 1 % of it daily. Sounds too good to be true. At the moment I don’t have any money so I’m thinking of borrowing from my relatives to proceed with the investment. So before I make any move, could you please advise whether or not to proceed with this site. Thank you in advance.