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brip blap
life, money and everything in between
I have a job making well over six figures. I am not bragging but I’m not going to be overly humble about it, either, because I put my blood and tears into getting there. I spent 6 years in college obtaining two degrees (and starting a PhD). I spent most of my twenties working
... Continue reading »
1 year ago
1 year ago
Sounds like you don't have a lot of respect for those of us living in the corporate world. Probably a fair cop.
1 year ago
On a side note, your 20s sound like what I'm going through now. 60-80 weeks making approx. 35k/year. Not fun. I'm still in school though (at night), I'm in a big city and I'm majoring in Finance (which hopefully will prove to be beneficial).
Great Post.
1 year ago
Awesome post. I think with inflation and such eventually everyone will actually need a six figure career. I am working on making over 100k next year and I think most of your advice is spot on. I disagree on the graduate degree part because work experience counts for something, too. In fact, I am making more than a lot of people who just came out of masters programs with the same degree because I worked during the 2 years they went to school.
1 year ago
@plonkee: I don't know about the esoteric major. If you want to major in philosophy, fine, but just don't be prepared for huge success in the finance world. There's nothing wrong with it - my dad has a philosophy PhD and wouldn't trade it for anything - but it just simply isn't the path to corporate success in my opinion (and I'm sure there are plenty of exceptions). You're right about not having much respect for corporate workers - I certainly have a healthy dose of self-loathing going on. I guess it's not respect so much as being angry that so many talented people are sold so short. I see so many bright people at my corporate clients who are tortured with meetings and overtime and bureaucracy who could do their jobs in 20 hours per week if there wasn't this insane addiction to the clock. But I'm probably a bit too hard on corporate employees, but it's out of frustration more than anything.
@Matt: Trust me, it will be beneficial - but also trust me, it's going to be necessary to grit your teeth in the short run. No pain, no gain, unfortunately.
@baglady (love the nickname, by the way): You're right, eventually a sixK income will be the norm. I don't think of my income as particularly impressive by any means - probably half of my neighbors are at that level. And I agree with you that working sometimes accelerates earnings past others who stay in school. I personally think a master's will be less useful than certification in the future.
10 months ago
major in what you want (and are good at) + take some basic skills-type classes (ie, stats) + awesome gpa + good interviewing skills = cushy job.
i can only think of one person who actually got a "useful" major that ended up in i-banking, consulting, etc. most of my friends have undergrad degrees in "government", "art history", "culture and politics", "english", etc. but they also had 3.8+ gpas.
the same applies for some graduate degrees - if you want to go to law school (after which you will start out with 6 figures), your major doesn't matter. they love the phil majors.
i am not sure the masters degree is so distinguishing anymore. they are a dime a dozen here - a useful way to put off working for another year or so. i think where the masters is useful is the connections you create (ideally).
and i am 100% in agreement with the "weird job"!
1 year ago
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1 year ago
1 year ago
I left college before getting a degree, despite doing well academically, because I wanted (and needed) to make money. I was making 6 figures before all of my friends and family, including those with Masters and Professional degrees, ever did. I didn't have any student loans to pay off, either.
But the biggest benefit, really, is that I haven't had to deal with the big B (boss)!
Great article. Thanks for the interesting peek into competitive corporate life.
1 year ago
1 year ago
1 year ago
I was duped.
My advice to anyone is minor in anything you want, but major in something useful.
1 year ago
I'm in an industry where, in a good market, 22-year-olds fresh out of college can make over six figures. I actually graduated with a liberal arts degree, but I took a fair number of accounting and econ classes and got an internship in finance because I was really scared that I wouldn't be able to find a job after graduation. So I do agree that your coursework is important, but I think that even if you do a "softer" major like English or Psychology, you can still break into business. It's just important to have some quant classes - that way you have an option to apply to business positions if you'd like. I would absolutely apply to jobs that specify finance or accounting majors/backgrounds because even though I don't have that major, I do have that experience.
One more thing, I'd suggest that recent college grads get a "hard" job in terms of lifestyle to start out with - then you can test for a year or two to see if that's something you really want. It's much easier to decide to switch from finance to PR before you have a family/lifestyle that depends on a finance salary.
1 year ago
I think that at all levels of your career you need to be very visible to management. You shouldn't do this conspicuously or at all costs, but it is a good idea to attend high profile meetingsm interact socially and generally make sure that you are noticed (in a good way).
1 year ago
I stumbled here and am glad to have arrived.
Something I came to realize (although I've probably not fully "learned" it yet) is the importance of showing others your hard work or how effective you are. Elizabeth Taylor was known to say, "I am my own commodity," which has stuck with me since I heard it many years ago. Your post emphasizes how to brand and differentiate yourself so those around you, especially those in charge, learn to appreciate your actions and efforts. The importance of this in terms of your career and your eventual "freedom," as you say, cannot be overemphasized.
Thank you for a great post. I'll be back.
Maya Norton
The New Jew: Blogging Jewish Philanthropy
1 year ago
But you have reached your goal so good for you! :-)
1 year ago
So I don't feel like I'm running after money I don't need. I don't work full-time, my wife doesn't work at all and basically the main reason I'm still accumulating money is because New Jersey is expensive. Once I've saved enough (and even after all of this we save about 20-30% of my income) we'll pack off to a smaller, less expensive town elsewhere and I'll drop to working 20 weeks a year or so.
And THAT is really my goal...
1 year ago
I wouldn't automatically dismiss an English degree...though I could be biased because I have one (and soon will have two).
1 year ago
Mr. Micah, for example, sees his telos as teaching young people how to recognize their thinking and reasoning patterns---so he's doing a PhD in philosophy. Right now he's teaching as he writes his dissertation and loves it. It probably won't earn him much money (though he hopes to write books for lay philosophers which might) but he finds it extraordinarily fulfilling.
I majored in English--knowing that it wasn't a great career-starter. But I love to read, write, and edit. I've considered doing a second major or perhaps a double Master's in Library Science and something else (couple ideas). English shouldn't be one's only major even for the library. But going to a liberal arts school taught me much more than I thought it would in such a variety of subjects--and I got to study what I love.
If your passion can make you big bucks--all the better! But in my book success is being happy with your job and life, whether or not it earns a lot.
1 year ago
1 year ago
1 year ago
MoneyDummy, the advice would be pretty simple - get an advanced degree in a business subject. You can get an MBA. I went back to school for one year as an unclassified student, collected the pre-reqs for an accounting master's, and then got one the next year. Not a fun year, for sure, but it made a strong combo with a math undergrad.
Ady, no doubt - net take home would be critical too. Being in a low tax state would too - 80K in Texas is worth a lot more than 100K in New York, for example. It's just a round figure for the sake of example! :)
And thanks to everyone, really, for the comments - great discussion going on here!
1 year ago
BUT.
If I'd known what I know now, I might have chosen to be an average student in the business or finance department, rather than a top student in the English department.
BE WARNED, YE COLLEGE-AGED READERS! You're going to college for the money. Save "following your heart" for marriage.
1 year ago
The more I read about what to do to secure my future, the more I think about my old high school teachers making six figures.
1 year ago
"Shift jobs frequently - but not too frequently."
Having worked for the past two decades, and speaking from both observation and experience, this point holds true especially in today's economy.
Life-time loyalty to a single company does not seem work for the average individual anymore. For the simple reason, if the company does not do well, usually the very first thing they do is to restructure. That usually means pay cuts or job cuts. Or they bring in "fresh blood" to rejuvenate the organization. There's really nothing wrong with all these actions from a business viewpoint.
Of course, whilst you are at the current job, you owe your obligations to your employer and you are expected to perform to the best of your abilities.
But the average individual has to understand the reality and make sure that he actively manages his own career.
1 year ago
I don't regret my choices, exactly. They led me to my life today and since I'm in what most people would consider an envious position (good pay, no travel, minimal responsibilities, great hours, new clients every 6 months, etc. etc.) I don't think I would change much. However, I do regret some of my choices within that path, and particularly regret some of the blind devotion I had to work while living in Russia. I wish I had spent more time experiencing the country and less buried in meetings.
But all of that having been said, I don't think my struggles with Maslow's hierarchy has much to do with my job. I am not a person who - I think - would find much actualization derived from ANY job. I get more satisfaction from writing, for example. Would I be happier as a teacher? Maybe. I really liked it. Would I still struggle with positivity sometimes? Probably. That's just my nature.
Great question!
1 year ago
1 year ago
There's tradeoffs for everything. Being happy won't come from being a poor artist any more OR less than being a corporate fatcat. Both require that you be happy with your choices, happy with your relationships (family and friends), happy with your security (financial and physical), etc. etc. These are things that complement working at something you love, but it's awful hard to be happy if you don't have these other things, as well. I do hope you are truly happy, though. Being truly happy is something most people don't have an easy time with, so if going to art school makes you truly happy, go for it. Don't feel sorry for me, though - I'm OK :)
1 year ago
I certainly have and had colleagues who, due to the effort they put in for a decade, can now essentially dictate their terms - working from home, minimal travel, lots of vacation time, etc. That's priceless to them, a couple of whom are single mothers and all of whom are now family people. Marketable accreditations, big cities and big name firms on your resume are also an insurance policy which can mean that after stepping off the treadmill for a few years you can get back on if changed circumstances require the big paycheque again further down the line.
I'm not at Brip Blap's point yet (I think I'm a little younger, and I work in a much different industry) but prime example - when I was moving to Canada, I had three solid job offers with relocation allowances included lined up before even moving. My husband is still trying to get something that isn't a 6 month contract, and that has benefits, almost two years after leaving NYC. It would have been much harder to move, and reap all the quality of life improvements, without my background at high level working-for-the-man.
And a few years from now I will be at the "I'm dictating my terms now" stage with some cash in the bank and a house almost paid off. Again, my career path is not a choice everyone would be comfortable making, but to my little family that's priceless!
1 year ago
No pedigree, no Big X cred, and I hit six figs by age 28 - as a billing consultant, not as a salesman. Along the way I've had to turn down several job offers from great managers with 10-20 years more experience because I knew I already earned more than they did.
It was a good feeling to cross that threshold, but now I value the independence and career security (yes, being independent and flexible IS more secure than cog-hood...the distinction is between job security and career security) more than the numbers.
I think #1 & #2 are the most valuable tips, and they both resonate philosophically with one of my heroes, Seth Godin. Be the Purple Cow. I can't tell you how many unremarkable Bachelors of Business Administration I have flown by in my career, how many accounting majors I've heard gripe about feeling stuck, while I help their boss on a project, wrap it up, and leave for a bigger, better gig. Why?
Because I'm the Econ major whose longest contract engagement (18 months) surpassed his longest full time job (15 months). I can write an executive summary, turn a 30-slide deck for engineers into a 5-slide deck for CFOs, and I can make people laugh on a conference call spanning Tennessee, Sweden, and Singapore because I do stand-up and improv performance on the side. Think THAT doesn't win engagements and boost billable hours?
Props, BB. Way to Be the Cow.
8 months ago
I've seen the book, but haven't got around to reading it yet.
1 year ago
In my 20's I had a job as the (only) full-time employee at a small winery. I did everything, from run the press, measure the sugar, push down the must (the red skins that float to the top during fermentation).
Whenever I went to a job interview someone would always ask about that experience, and usually it would be one of the first questions.
Lately I've left that job off my resume - it was so long ago now that its presence seems more jarring than intriguing - but I've considered doing 'weird' jobs just so I can add one back in.
As you said, it's a valuable addition; when you chat about something interesting to you and others, you get more relaxed and confident and it gives you an aura of expertise and accomplishment. It may have NOTHING to do with the job position, but it still gives you a tremendous boost.
1 year ago
Nice tips, but I think this can also be achieved without working as much as you did.
Check out the book '4 Hour Workweek'.
Thanks!
Bas
8 months ago
1 year ago
There's still time to teach! I think community colleges or even state funded universities would love to take you on as an adjunct or part-time professor. What's great about this is that the students get the insight of someone who has been "in the field" and you only need to devote a few hours each week to fulfill a dream... Hey, if you have spare time then you can even utilize less time and give speeches (much like this post) for non-prof organizations who specialize in getting youth or the poor motivated for corporate careers.
Just a thought.
Great post!
8 months ago
You'd be surprised how fulfilling many of them claimed the experience to be... I guess teaching the next generation and implanting ideas and knowledge is quite rewarding for some. It also gave them a chance to become reinvigorated with that spark of interest and in communicating with the next gen they leaned things too. Learning often isn't a one way street.
One of my professors owned a private consulting business that was closed to new clientèle (she had enough clients) and she also wrote a textbook on business plans and consulting. SO she had several different creative outlets... while still being a high paid consultant. It's also a neat way to diversify an income... book royalties, teaching job at a college, and consulting practise. I think she was charging somewhere between 250 and 500 an hour, and she had enough clients she didn't need or want more. I think her writing the textbook and teaching at a college also gave her credibility to get those high paying consulting gigs, though she was certainly an expert and was probably worth every penny and more..
1 year ago
I'd also say that specialization, past a certain point in your career, is a good tool also depending upon the industry. I got where I am because I became very, very good at a single talent which is recruiting, esp. executives, AND it's a sought after talent. It's the old supply & demand theory that many times determines what you are paid.
I definitely agree that if ALL you want is a 6-figure salary once you get there you will ask, "is this all there is?" - because as any child can tell you money doesn't buy happiness.
1 year ago
So while I agree with some of your steps, what you did started with the way you thought about yourself and the character to follow through.
1 year ago
Great post, especially showing that earning a high salary requires sacrifice and commitment, starting in college, and even if one loves their work. Thanks for your perpective.
1 year ago
English degree:
- Advertising
- Marketing
- PR
- Marcom / Tech Writing
Tons of money in all of these fields.
English can also get you into Law school and I know more than a few MBAs with English B.A.s
Point is, English isn't the 'touchy feely' liberal arts nonsense most people think it is. You can do very well with an English degree in the corporate world.
1 year ago
And I would still probably argue that as competition increases with the much-larger Generation Y kids hitting the workforce that technical degrees, or even English combined with something more technical as a double major, will probably still carry more weight.
@David (#42): Similar reply to the one I gave to johnnyB; not having a college degree is certainly better than not having drive and passion for your work. It's not like Bill Gates has a college degree, after all, and he makes six figures...every 10 minutes. You make some good points!
1 year ago
1 year ago
1 year ago
I would like to add a comment about my situation. I'm a college drop-out, and I did that for a reason. Nowadays you can easily make a living from online activities (such as this blog).
I made a deal with my parents that they would support me throughout my "theoretical college" time. In this period I'm working my ass off 80-hrs /week in my home office, making money through online activities and learning how to Invest money and be a Trader on the Financial markets.
Right now I'm a little more then 2 years into my "career" and things really start to shape up now. With the way things look now, I'll be able to retire at the age of 25.
Of course I would like to earn a 6-figure "salary" as well, and therefor I will continue beyond the age of 25 till I have enough money in my Investing/Trading accounts that I will make my desired salary.
But the difference in my career and a regular Corporate career is that I'm free in whatever I want to do. I also take trips every now and then to discovery the beautifull world we life in; I can take days off whenever I want (like today :D).. and when I reach a certain amount of capital I don't have to work anymore at all...
anways enough rambling/semi-bragging. The point I want to make is. A job is a job and its not freedom. If you want total freedom and a big amount of yearly salary, you should focus on Investing your money wisely.
It really doesnt matter what your salary is... If you make $2000/month and are able to set $300 aside every month (add $100 for every extra year you work) and during that time you work your ass of to learn how to invest your money @ 20% / yr (which is obviously VERY hard to do, but by any means not impossible for a private investor).
If you do this for 10 years, after the 10th yr you will make at least $30k/yr on your investing capital. In another 10 years of investing like this you will have made your first million, and you can retire for good and living of risk-free interest only if you'd want.
So really if you want to have a nice future salary, and the freedom to work whenever, wherever, however you wish..... one should focus on learning how to Invest your money wisely (be it in the Stock Market, Real-Estate, Future's Automated Day-Trading, Private businesses, whatever) and not so much on increasing your salary.
Thank you.
1 year ago
I guess all I'm getting at is that what you suggest is completely doable if you have the risk tolerance, no concerns about children (schools, etc.) and a relatively cheap lifestyle. I think your path and mine will probably have the approximate same end destination. I personally would hate day trading for a living, so it wouldn't be a path for me - but if it works for you, go for it, keep me updated and good luck! I think it's great to hear about people who "take the road less travelled" and are happy doing it!
1 year ago
1 year ago
I'd love to be in the 6 figure club myself but I'm settling for being close (maybe in a couple years) and never having worked more than 40 hrs a week since I graduated from engineering 8 years ago. I think that might be why I'm still in the high 5's. :)
I think you're right though, had I put in more effort, moved companies at least once, etc., I'd likley be earning a lot more but I've taken the lazy route so I really can't complain.
Keep enjoying your 'new' career!
1 year ago
My major is History and it took me 1 year (not 14) to earn 100k, have health insurance and travel on the company's money. The people who have to slave for 14 years to make this money are the ones who don't take risks and get a safe corporate job. Never settle like this guy.
1 year ago
1 year ago
But out of all of them I think the ability to sell yourself is the most important. I never started to achieve any of the success I have in my career until I learned how to present myself in a desirable way to potential employers.
1 year ago
1 year ago
But you could still stand out in an interview. If you did something out of the ordinary. However the most important thing to do is establish a good relationship with the interviewer from the start. Find a common ground and you will most likely succeed.. And last but not least - networking is important. Build a list of contacts and try to make them help you in your job search.
1 year ago
11 months ago
I was depressed, anxious, and/or suicidal throughout college and could barely hold myself together enough to graduate with a worthless English degree just go get a piece of paper. Luckily I can survive on a low income because I am never planning on getting married or having children. I am surprised the suicide rate is not higher.
11 months ago
9 months ago
I am a high school sophomore in ga
Gifted certified taking ap classes and excell in math and language arts
I am also a socialite ans love people
My goal is to make 6 figures within 5 years of graduating college.
What do you think is a good field of work to be in to accomplish those goals without a thousand years of college?
9 months ago
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Regards,
Abhishek
6 days ago