I’m just learning about this and I have never done it before. I just a had a question or two. Can I work from my phone is a iPhone 6s. And I’m not asking you to go through the entire thiing in your answer but how do I get started and how will I get the training I need. I had to get out of the out of town work due to my dad getting sick so I wanted to be home more, and one more thing does it cost a lot to for getting the adds or material needed to start making money. If so how much or some of the cost just ballpark figures will I have to spend while I’m up and going. I’m serious about it and just though I could get some advice and answer a few of the questions. Thanks Brett
The main problem I have with the 401k is that the investment options suck. All the mutual funds (including target date funds) have a high front load fee (4.25%-5.25%) and high expense ratio (0.9%-to-2.0%). With the ROTH I get the benefits of low-cost (0.05%-0.30%), no-load index funds. In some respects there is little difference between the after-tax dollars in a ROTH with no-load funds and pre-tax dollars in a fund that immediately siphon 4.25% out. Sure, I’m taking a upfront hit on the taxes with the ROTH. However, I am also going to be taking an upfront hit from the front load fees and a continual hit with the higher expense ratio in the 401k
Household income changes over time, with income gains being substantially larger for the upper percentiles than for the lower percentiles. All areas of the income strata have seen their incomes rise since the late 1960s, especially during the late 1990s. The overall increase in household income is largely the result of an increase in the percentage of households with more than one income earner. While households with just one income earner, most commonly the male, were the norm in the middle of the 20th century, 42% of all households and the vast majority of married couple households now have two or more income earners. With so many households now having two income earners, the substantial increase in household income is easily explained:
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Hi Sam, I’m new to your site and getting so much out of it. You mentioned you got your MBA for cheap or free–have you already written a post on it? I may not have gotten to your post yet, but I’m preparing for the GMAT and application process next month and need help figuring out how to get my MBA for cheap or free too. Can I ask how you did it? Any pointers please? Thanks!
I don’t think I would have done worse financially at all. I just think it evens out in the end of you make the right choices. I probably would have started with a much higher salary out of the gate. Put there’s a possibility then I would have been spending my time with people who put value on superficial items, and I’d spend more money on my apartment, car, clothes, etc. I’d probably try to stay in that job for many years, if it were paying well, versus having a real reason to leave positions to quickly move up and try different things. Right now I’m in a private company that is excelling and due to being open to any opportunity I was able to work a job that paid relatively little compared to market rate in exchange for a large amount of options. It’s yet to be seen if these options are going to be worth anything, but at this point there’s a reasonable change that I could meet or exceed the amount of savings I would have had, say, if I were making $100k out of the gate after graduating from an Ivy League school. Having a low income out of undergrad forced me to prioritize and learn how to save, and also how to live on a salary of under $30k a year in the Bay Area. While I’m still scared of losing my job, I understand how to live cheaply, which I consider a value-add to not having such high expectations and requirements for lifestyle out of the gate. Now, I am considering getting an MBA if I could possibly score well on the GMAT (I believe if I could get a high score on the GMAT I’d be an interesting candidate for a top-tier MBA program given my experience working with multiple successful startups as an early employee) but I’m not sure I want to take two years off to do that. If I were to go back to school I feel it would be more valuable to specialize in technical development or analytics, to really address areas where I am weak that would lead me to be a much better professional today. It’s unclear if an MBA program would be able to address my weaknesses — or give me the salary boost you speak of as with bonus I now make up to $130k per year (last year I closed out the year with about $110k.) I’m 29 and 7 years into my career. I save, I invest, and I’m glad I didn’t make all of the “smart” decisions in my life because this made me hungrier, potentially more well rounded, and less scared of taking risks as I had so little to lose.
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.
I would say that I’ve only made 10-20k from stocks. Most of my money was from pure saving and aggressively working as much as I could. I’ve tried to limit my portfolio exposure to protect capital to ensure I can buy real estate. The real estate is now giving out over 10% returns and seems very low risk. I think I will continue this strategy. Lots of easy money to still be made from the day job and real estate :)! The market has me spooked as well! For me it’s all about cash flow to grow that income!
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.
Thank you for your comment, but I don’t think I felt the need to comment if your post was about “six figures can be achieved in a variety of industries if one is the top of their field”. Don’t we all know that? College prof, photographers, athletes, actors, dancers, musicians, designers, personal trainers etc. You wouldn’t list these as $100k+ industries, do you? I wrote my last comment to explain that symphony orchestra industry also does not fit into the “industries that often pay six figures within 3 years out of school”.
This isn’t a cheap product that you can buy on the off-chance that it is useful. Instead, the full product costs $1,997. Yes, really. It costs almost $2,000. You can also pay in two payments of $1,100, which are 30 days apart. I'm sorry, but I really can't justify purchasing, or recommending that you purchase a product for two grand. I've purchased two-thousand-dollar products before and they have never been worth it. The most I've paid for a product and been satisfied with it was around $500.
You got a good article here but a lot of points are way off in real world sense. Any monkey that can read and regurgitate information can graduate with a high gpa. The real truth behind success is thinking outside the box. I’m 22 avg student yet run a successful business (100-120k/yr) while in college. With this article your saying go from box to box first your in an educational institution spending all your time and effort getting A’s then your working for someone in a corporate box. Let your bank account be your resume. The world needs more entrepreneurs
I got an email saying that he guarantees that you will make money with the Seven Figure Franchise, and quite frankly, that’s a pretty bold claim if you ask me. One of the things that really makes me suspicious about this, or any product of this tipe is that they don’t mention the price straight up front to people. I don’t have $4000 just laying around to purchase this, and even if I did, I would invest it into something like my Internet radio station and promoting it. Yes, I own and run an Internet radio station that plays country music, and it is a very professional-sounding station complete with jingles, and lots and lots of great country music.