This forumla you have makes sense for some people, but not all. Case in point – I went to a college in the midwest that no one has heard of, graduated with a 3.2 GPA, and at the age of 29 closed the year with a $110k salary. My boyfriend went to one of the top 10 public institutions in the country, graduated with a 3.8 GPA, and last year earned about $20k. Yes, having a degree from a top-tier institution may have increased my current salary even more, but I think had I gone that route I would have went into a less exciting career and given myself less chances to fail. Instead, with my average academic background, I’ve been able to live out many careers in my 20s – as a business journalist, and then in a variety of roles in startups where I could put my writing skills to use. I learned how to negotiate and that’s why I’m making six figures today (and I also have a sizable stock package that could be worth more a few years down the road.) My salary clearly has nothing to do with my academic performance. Sure, Google would never hire me because I don’t meet their hiring criteria, but who needs Google when you can start out as one of the first employees of a startup and help make that startup worth hundreds of millions of dollars?
Also, things cost more. Stuff like housing, transportation, or food will take more out of your paycheck every month than they used to. The mere cost of Thanksgiving Dinner has risen thanks to the increase in the cost of turkey and pumpkin pie mix. College costs more (and so do student loans), so many are starting out in the workforce already in debt.

Fast forward until junior year of high school and I got a job doing an engineering internship at a prestigious national internship. I believe I made ~11-12 an hour @ 17. That summer I made about 7700, So now I’m entering HS with about 23-25k in cash. Now senior year starts and I get a raise to 13ish (woot woot). I work 32 hours a week because I’m really far ahead on my credits, and do night school and sports to allow me to work a ton. In that year I make around 13k. That puts me just under 40k going into the summer. By the end of the summer as I start undergrad in engineering I have 40-45k + 5-10k in assets between my car, and some other hard assets. 18 years old – NW ~ 45-55k.
Here’s how Amazon Associates works. People Googled “gifts for writers,” then clicked on the ideas we shared in our post, which took them over to Amazon.com. Regardless of whether they bought that item we recommended, they then continued to do their holiday shopping, stocking up on all sorts of random gifts, from electronics to clothing to books. And because they clicked on our link initially, we earned somewhere between four to 10 percent of whatever they spent on Amazon during the next 24 hours.
I rarely work more than 40 hours (neither does my boss), my job is challenging in terms of problem solving but not stressful- read i’m not bored, my coworkers generally keep to themselves – no office drama, I get a nice raise and bonus every year, time off is generous, I work from home 25% of the time and I make around 150k all in. Graduate school was free through research and my undergrad degree cost less than my annual salary – paid for by bank of daddy. My house costs less than my annual salary. I don’t know of any other field that gives you such a high reward for very little effort. I didn’t have to go to med school for 10 years neither do I have to work 60 hour weeks or wear a stuffy suit. I wear blouses and jeans to work everyday and I’m easily the best dressed. Instead of jumping ship to management like many Engineers I’m developing my skills in a highly technical and specialized area with hopes of becoming an Independent Contractor around the 12 year mark, targeting around $220 and hour. You can do anything with a Chemical Engineering degree – both the diploma and the skills you will learn, I can’t sell this dream enough!
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.
As I run a blogging blog, which is a niche where finding a right affiliate product is tough as well. Till now I have written just one “ultimate article” and I’m still struggling to get it ranked. I’m just about to send an email to YOU or to Glen to get feedback for that “ultimate article” of mine, and appreciate you guys help me with that, just like Glen helped Slavko.
Things to note – in senior year I applied my scholarship to do my first year of my MBA in finance at my university. At 23 I bought an apartment complex which gives 10%+ ROI. At graduation in December I’m eyeing to be pulling 140k before my 24th bday. So that’s been my journey. To a high net worth ~130-140k + a ~ 140k income at 23. My issue is I’ll have a NW still around 140k at 24 (because I’m living it up this 1 semester woot woot and not saving much for 4 months). So I’m troubled figuring out how I can turn 140k + my high income to 1 million before 28 to keep pace with Sam. When school finishes I plan to buy more apartment complex’s continue to buy index funds, save over 95% still and get back to working on a project and finance site as I’ll have more free time with engineering school over finally. Still with that, I’m not sure how to make 860k in 4 years… thinking I’ll have to go to finance or consulting and pray for big bonuses to make it happen because otherwise I’m not sure how to keep up with Sam :) any ideas people?
… ensure that long, multi-topic pages on your site are well-structured and broken into distinct logical sections. Second, ensure that each section has an associated anchor with a descriptive name (i.e., not just “Section 2.1”), and that your page includes a “table of contents” which links to the individual anchors… you won’t see it on the results all the time — only when we think that a link to a section would be highly useful for a particular query.
Salary.com's entry level jobs cover recent college grad jobs, first entry level jobs, some associate degree level jobs, high school graduate level jobs. Entry level positions may require no experience. An entry level cover letter, and entry level resume are usually required to obtain entry level positions. Entry level job searches can sometimes even surpass the recent college graduate job level.
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.
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.
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.
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I saw that and sort of snorted at the similarity between that and working in the arts and then laughed out loud when you wrote “we’re not artists, for Pete’s sake.” I have no idea why people think that noble or creative jobs are a reward in themselves. We all still have the same base expenses in life. If you’re working 40 hours a week in a job that provides any sort of value, you should be able to cover them.

Great post, Penny! As you know – I am finishing up year 29 in education. I have two Master’s degree and a doctorate and I’ve never earned six figures. Had I stayed as a principal in the last five years, I would have made six figures. I’d likely be at around $120,000 right now. But I gave that up to go teach at the college level, not work 12 months a year, and have fun educating the next generation of teachers. Five years ago, I knew I was almost to FI because of this community (and that’s never making six figures and being a single mom for a number of years…)
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.

Anyway, back to this program called the Seven Figure Franchise. There have been many affiliate programs that have come and gone over the years promising all sorts of wealth and prosparity. Now don’t get me wrong, I do believe that people make money with affiliate marketing, but like some of the people her have mentioned, you have to do it in the right way.
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