I as well took about a $20k+ pay cut when transitioning from the military. It was a terrifying financial choice, but I wasn’t making it with a focus on 1-5 years. This was a 5+ year play for me and I knew this opportunity would pan out! 2 and a half years in and I making much more than i was before I left the military and was absolutely the right career move to make. We need to do a better job educating folks on career advancement and setting yourself up (financially) to be able to make those type of decision.
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.
Think of websites as virtual real estate. The reason why website flipping has made many multi millionaires is because you are creating assets. Assets are things that make money for you without you having to do work. There are many different types of assets such as real estate, businesses, etc. But if you are website flipping, you are making money from the asset you created, but you are also making money from when you sell your asset.
Reading this just makes me want to go into a hole and never come out again… I would love to make around figures one day but college is drying me out. I live paycheck to paycheck and I feel like i’m going no where. I feel like I’m in a rut and I hate it. I don’t want to live like this for the rest of my life. can someone give a young person like me some advice on what to do in the future or now? I try so hard to save my money but when I have it… Read more »
[…] FICA stands for Federal Insurance Contributions Act and consists of a Social Security tax and a Medicare tax. This tax is very important for everyone to understand because so often we only think about federal tax rates and state income tax rates. The FICA tax is a big percentage of your total tax bill, especially for those making under six figures a year. […]
You found a topic that is of interest to a huge target audience (who doesn’t want to make 100k plus a year?) You spent some money so your website comes up while searching google (therefore generating more traffic to your page) and you’ve written this guide in a way that includes everyone (that way nobody feels like they aren’t able to achieve this same success) Throughout the article you’ve posted links to multiple products/companies which you earn revenue from each time someone clicks them. Along with that there are advertisements throughout that you’re gaining revenue on etc. So essentially, anyone reading this and clicking links is generating revenue for you. Touché

On the other hand: the main reason of bankruptcy for small businesses is bad financial management. Simply said: to forget to make invoices, not checking the payments and not following bad payers. 1 out of 3 is going bankrupt for this reason alone. I had to learn it myself. I spend at least 10% of my time with financial stuff. I don’t love it but the bills get payed ;-)


The one section I found really useful was the monetizing section where the authors explain all about choosing the right ads, affiliate programs and other revenue streams. While I'm sure there's more complete info on this (it could be worth an entire book), it was a good introduction and gave me guidelines if I ever have to do something like this myself.
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I was just searching around on the net and found this blog. I saw an ad for inside sales that paid 50k as a base and FULL benefits 401K and all. With commissions it would max out at 85k if you hit quota according to the ad. Tempted to apply but when I see what is at home although Im not at 100k yet (not even close) I am not going back to the cubicle farm. Working for someone else will not get me to the 150k mark. This blog has given me more motivation!
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.

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…)
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.
I love your post. I have been following you over the years. I want to shed some light to others who are in pursuit of the “Six Figure Salary”. Upon graduation, I set a goal to make six figures by 30. I started off making only $33k a year. However, I out worked everyone in my office and established a reputation as a hard work and smart worker. I stayed at the firm (insurance) for 4 years and somehow networked and found an opportunity in management consulting. I stayed there for 10 months and made approximately $95k. Next, i took the experience came back to the insurance industry and now make $125k at the age of 27…. 3 years earlier!. My best advice for everyone is to work hard, follow the opportunities, strive for constant improvement, and be open to change. PS. I went to a “B” school and was a “B” student. Unfortunately, I was an underdog through out my career because of my school, but I balanced it by tremendous work ethic and self taught myself in business. Work hard, keep reading, and continue to improve. You will make six figures!
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.
Create custom alerts on your phone for affiliate sales – if you use GMail, go to your settings and create a filter so all emails with “SiteGround Affiliate Sale Generated” in the subject line go into their own folder (tweak the subject line to match whatever email notification your affiliate sends you). Then setup a custom alert on your phone using the GMail app so anytime you generate a sale, you get a custom alert (here’s a tutorial for Android and here’s one for Apple). I have different notifications for SiteGround, StudioPress Themes, etc. Makes your day better :)
I really liked this article. I found it full of good information. I would like some advice from FS as I definitely fit into one of these categories. I have a B.S. from a good university and I have a good job in the medical field making $45k right now with the posibility of 1-5% raises every year. I know I am capable of doing and earning more. I made A’s, B’s, and C’s as a college student without really trying. I’ve considered getting a masters in buisness, but I don’t have a clear vision of what I would do with that. I can’t afford to waste time or money on a second degree if it isn’t going to earn me substantially more money. I have a wife and daughter and work full time. I am constantly looking for ways to make more money. Do you have any advice for me? Thank you.
Thank you very much for this informative article Tiffany! I have been trying so hard to find different ways to make money online. It can be very hard to find good information and it seems like so many people are just not honest. Your article covers exactly what I have been trying to learn so it was very helpful. I just started building an email list after learning from this free guide on how to build a customer list. http://eepurl.com/dIUXYz

“Just remember that your happiness, as measured by income will continue to grow until $200,000 and then stop because of government persecution and the bitter populace who want to keep you down. After you break $200,000 you need to start going into hiding. So if you discover after taking my advice that you are on pace to blow by $200,000 a year, don’t forget to create an exit strategy!”

There was no way I was taking out a student loan. That seemed insult to injury. So I leveraged my high credit score and took out several zero-percent interest credit cards. After calculating what I could attempt to cash flow (Ah, youth. At 23, I had no childcare costs or car payments, though I was saving furiously for a house.), I created a payment plan that was much more favorable than any student loan or university payment option would have been.


Your autoresponder is the series of emails that go out to people who subscribe to your website in exchange for something they want. For example, if you sign up to my Author Blueprint at www.TheCreativePenn.com/blueprint you’ll get useful emails, articles and videos, some of which contain affiliate links, all for products that I have personally found useful.
Yes I agree Dixon. The only way to achieve those figures is to build your own business and become your own boss. It takes hard work and dedication, and it ALWAYS takes money to make money on some level. If you want to make a million dollars, you best believe there are start up costs. The key is to find the right opportunity, with a low start up cost, and an IMMENSE support system in place. You need to find Mentors who have already achieved what you want to achieve and emulate their daily actions and habits.
Believe it or not, many jobs that pay six figures do not require a four-year college degree. The examples listed here are just a few of the careers to consider in lieu of attending college. Pay varies depending upon experience, training, and physical location, but the average salaries for the jobs listed above are proof that making over $100,000 each year without a college degree is possible.
My company has a program to promote people into jobs at the corporate office. The interest in these roles isn’t that great as the initial pay is comparable or less than what you make working in operations. Can’t forget the negatives of having to work in a corporate environment…commuting every day, being within driving distance of the office, having to maintain a certain appearance, etc. For me I have no interest in working a typical schedule ever again.
I went from making $20k in 2016 to $100k in 2017 by dropping my web design/SEO clients and doing affiliate marketing/blogging full-time. 90% of my (passive) affiliate income comes from SiteGround, a hosting company who awarded me affiliate of the month in July, 2017 when I made $9k in 1 month. Since then I’ve continued to hit numbers like this – the screenshot below is from March, 2018 when I made $14.5k in 1 month (just with SiteGround).
[…] FICA stands for Federal Insurance Contributions Act and consists of a Social Security tax and a Medicare tax. This tax is very important for everyone to understand because so often we only think about federal tax rates and state income tax rates. The FICA tax is a big percentage of your total tax bill, especially for those making under six figures a year. […]
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.
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. :-)
Jon, you are doing awesome. You were asking how to make 860k in 4 years. I’m saying the past five years is different from the next five. 860k was relatively easy to make using leverage on SF real estate (as Sam did), or on a good stock pick (lots in an 8 year bull market) the past 5 years. I just don’t see any easy opportunities for the next 5 years. 10% a year return won’t make you 860k in 4 years.

Most of them are common sense but you do need to be aware of things like disclosing that you are an affiliate for that product, and that it needs to be clear and early on in the post. You have to be very transparent about it. I mention it in a big clear “NOTE” at the top of any post that contains affiliate links, as well as again down the bottom in a disclaimer.
Use Deep Links – these are pages on your affiliate’s website that AREN’T the homepage. For SiteGround’s hosting I link a lot to their speed technology page as an affiliate link. If you’re doing Amazon’s affiliate program you just want to gather a list of products you will be recommending to readers, create an affiliate link for each one, and import them to the plugin.

I’ve got an industry you could add to your list of jobs that pay well over $100,000 a year – the oil industry. Now, most people think that working in the oil industry is dangerous, dirty, smelly, gross etc. That’s if you work on the labor side of the oil industry not if you’re working for an operator (Exxon, Shell, Chevron, BP, Conoco) in the office. If you’re lucky enough to land a job at one of these 5 companies out of school as an engineer or geologist you can easily expect to make $125,000-$200,000 starting.
Hi TOM, I have really enjoyed your shared nice piece of content with us. ..Actually, I am thinking to design and develop a mobile comparison website but you know, it’s not an easy job to collect mobiles data. A lot of time and cost is required to build such a website and I don’t want to spend a lot of money as I am new in this field. My colleague has recommended me RevGlue for this purpose as this a UK based registered company and are providing mobiles and its deals data for the UK only with the name of RevEmbed technology as I have read its blog revglue.com/blog-detail/13-setup-free-uk-mobile-comparison-website but I am the little bit confused as its a newborn company. Anyone, have experience with RevGlue. Guide me in this respect. Waiting for your kind response. Thanks in advance.

We live in a modest 3 bed 2 bath house that is about 1,300 square feet. I drive a Toyota Prius that I bought in 2013 for $24,000 which I paid off in early 2015. My wife drives a Subaru Forester which we bought for about $25,000 and will have it paid off in less than 2 years from now. My point is, we know better than to spend our money on luxuries at this early stage in our financial careers. If we invest all of this excess now, how much better off will we be 15 years from now when we are in our early 40’s?
Well written article, I have learned new affiliate networks, that I didn’t have knowledge about. Affiliate marketing is one of the best ways to make big money online. Many people try it, but give up when sales don’t come, in my opinion, achieving success in affiliate marketing requires you to choose the right networks to promote, and have patience. Simple advice should be not to try to promote everything you come across, do research and test to find out what works best. Thanks for sharing this great article.
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.
5. I’ve seen people take really crumby stuff and make great money. It’s in approach and creativity. Are there a group of people UNASSOCIATED with the actual product who could benefit? Could be totally unrelated. In the case of internet marketing and creating an online income, who asks you about it? What types of people are they? Where do they hang out? Do they do tons of yard sales looking for extra cash, for example? There are groups all over the place on Facebook where you can introduce some ideas – not sell a product directly – and gain relationships and authority. GET CREATIVE with your potential audience.
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