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Getting paid $100k isn't hard, braking the $200k is much harder, and then breaking $250k gets much easier and easier.
In order to get $200k base you either have to be a manager or special lucrative position. Once you break into a role that pays $200k, it gets easier and easier. Each raise you get and promotion jumps by 20-25% vs 2-10% for average Joe that makes under $100k.
I've seen guys making $175 get a jump to $250k in just 2 years. And people making $250k jump to $300k easily within a year or 2 at the job.
Not really. If you work in tech, you can reach $200k really easily. And the demand for tech is much higher than the availability of qualified and competent people. It's not a limited field.
I went from living in a shack in Wisconsin at 17 to earning over 250k a year less than 6 years later with no college degree and no threat of indictment.
if you are serious and really want it I will give you a plan and it will bring your wealth.
I am now in my early 30s, a millionaire, two classes shy of an Ivy League degree, a partner in a SDVOSB firm, and a few weeks away from a career in international diplomacy or accepting a middle management position with a large defense contractor.
Let me know!
A lot of folks asked how I did it so I will provide details.
I did 4 years in the Navy and got out and worked for various govt contractors mostly in war zones.
My job was not hard....just a few certs to get qualified for a network engineer job and a Top Secret Security Clearance. Honestly, I didn't do more than function as kind of help desk guru for the first few jobs I did. These jobs paid like $45 an hour but with ovetime, 70% uplift, etc my salary was 110% of my base hourly.
I also did not pay taxes on the first 90k.
As time went on I worked for Deloitte on a State Dept support contract and then I upgraded my clearance and got into some C-IED, biometric, and domex stuff as a supporting IT specialist.
The job was cool, but apox 5 years ago I was in Southern Afghanistan outside the wire and got hit by an IED and small arms ambush and ended u loosing a hand.
So yeah, it was dangerous. Most people won't do what I did but in reteospect it allowed me to earn good money and have awesome time--save the time I got blown up.
Another career that I can recommend for somone who wants to make it is EOD. They have private classes that train you to be and EOD technician and the jobs start out at over 6 figures. I have a non-vet friend that did this for 2 years.
If you want to make it you can. if you to sit and complain you can too. Life is avail for those who sieze it.
Thought I would pipe in since it's been about 6 months since posting this and I've been feeling upset the past few weeks again about my situation and the difficulty in moving forward. Sometimes it feels like you're doing all the right things yet you're stuck, you're stagnant, and you start questioning if everything you're doing is even working and if you made the right choices or what not...
Anyway, I'm still with my current job and while my workload has increased threefold and I've begun to take on some managerial responsibilities, my pay has only gone up to $37000. A meager $2000 raise for three times the work and a lot more responsibility... I had wanted to stay with my employer for at least 2 years but the job and company is quickly falling apart. (I want to go into much more detail, but let's just say the expectations that were discussed for this position are completely falling apart and the company is turning into a gigantic **** show) I've started to semi-actively look for new work, but nothing yet. I had one final on-site for a position paying 65k, but ultimately they wanted to go with someone that had many more years of experience. Most of the other positions I'm finding want a Master's degree or CPA/CMA cert. I am still working on my MBA, about 30% done now, but I probably won't finish until early 2017.
I've been rolling the idea around of starting my own business in my head, because this is my 6th year professionally working and I seem to get more and more bitter each year about the terrible employment practices in place at the majority of companies. Right now though, I just want to find a new position that can compensate better, treat employees more respectfully, and perhaps be a bit closer to home. I think that's what everyone wants, but sad to say I think my position is so poorly compensated right now I literally can only go up (for a comparable level position at least), it can only get better.
Anyway, wish I had something more happy to talk about, but it's just been a grind, and I'm working towards better things, but patience is the key I guess. I just am afraid I'm going to lose my mind actually getting there! Guess I'll check in here in another 6 months and we'll see what happens then.
I am 28 and make a meager 35k a year as an entry level accountant. Life has been terribly ironic to me as I've always been a VERY career ambitious person but yet I've always struggled to find good paying work. I'm one of the few people that actually LIKES working and since childhood have dreamt of having a big career (top level employee such as executive, director, etc)
I recently switched careers to accounting after 5 years in sound design where my pay fluctuated from $5 an hour to $55 an hour and while I averaged about $35/hour for most of the contract work, the work was so unsteady with long breaks of unemployment that my pay ultimately averaged out to about the same 35k a year due to periods of unemployment that easily lasted 6 months or more. Making the switch into accounting and finance seemed like a smart step, but I'm still struggling immensely to get paid something I feel is respectable. My financial struggles have been very difficult, and have prevented me and my family from moving forward in life due to financial constraints. Even something like getting a second car so my wife could work in a better job (further away - couldn't take public transport anymore) were big hurdles. I am fortunate to have no debt other than about 25k in student loans, but day to day life feels like a struggle on my low income! (Wife currently doesn't work as she was laid off and also looking for a new job currently)
What steps should I take to get myself into a higher paying job, and achieve my dream of being a high level employee in a company such as an executive or director? I often feel that I may be doomed to forever work in low paying jobs with minimal 2% raises a year, but I want to believe that my time will eventually come and the struggle can end. I have a Bachelors degree in Accounting, just started my MBA, and plan to get a CPA license afterwards, but I want to make sure I'm making smart choices now so I can find a six figure a year job sooner rather than later.
Thank you in advance for any help!
It seems like you are doing the "right" things in your chosen career field to make that six figure income happen.
Moving to a bigger city that pays more may help as well.
Most Americans though don't make anywhere near $100,000 a year. the median yearly net compensation in 2014 for all workers is $28,851. https://www.ssa.gov/oact/cola/central.html
I've seen people with no degree make six figures in accounting. I've also seen CPA's make 65K a year in Seattle. It all depends on you.
I have an acquaintance that has been doing book keeping for 10 years and trying to become a CPA and still makes $15 an hour...In Seattle. Then again, he's also been trying to get an MBA at Devry for nearly 10 years and even with his parents paying his way, he is struggling. It's the work you do that determines your pay in skilled professions...
but is there a job that pays you 100k or more a year to work only 40 hours a week?
Yes, many. Project managers, process design, risk/compliance managers, IT developer, etc. I work with a ton of people who make 100k and only work 40 hrs/wk.
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