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re: How to make 100k a year?
Posted on 11/6/19 at 9:51 pm to Groundscrew85
Posted on 11/6/19 at 9:51 pm to Groundscrew85
Just want to thank everyone for their input and advice. The responses have been truly awesome. I was a little hesitant coming on here and asking such a direct lazy question.
2
Posted on 11/7/19 at 7:18 am to Groundscrew85
Financial services, selling financial products or software sales. Get onboard with a reputable company and see about obtaining your MBA through a tuition reimbursement program. Then move into product management in the tech industry. There’s plenty of product managers with humanities degrees pulling in well over 6 figures/year in this arena.
Posted on 11/7/19 at 7:32 am to Groundscrew85
Is it an issue to get a roommate to help pay for some bills? Another 6-700 a month would certainly be a start in terms of right now money. 70k in extra equity from the start? Nice job. 
This post was edited on 11/7/19 at 7:33 am
Posted on 11/7/19 at 7:33 am to NewIberiaHaircut
quote:
walk in and ask to speak to the manager.
he's going to need to invest in a haircut first
Posted on 11/7/19 at 7:55 am to Groundscrew85
Make a plan and execute. You won’t go from 50k to 100k overnight and you won’t get there just hoping you will.
Another thing to note to is that $100k is in the 88th percentile of median income for 32 year olds. I only say that to point out that because it may seem like everyone is pulling in $100k a year, but that’s not necessarily the reality.
Another thing to note to is that $100k is in the 88th percentile of median income for 32 year olds. I only say that to point out that because it may seem like everyone is pulling in $100k a year, but that’s not necessarily the reality.
Posted on 11/7/19 at 7:57 am to Groundscrew85
Sales.
Posted on 11/7/19 at 8:17 am to southernelite
quote:
Another thing to note to is that $100k is in the 88th percentile of median income for 32 year olds. I only say that to point out that because it may seem like everyone is pulling in $100k a year, but that’s not necessarily the reality.
Excellent point. Also consider, do you want to put in the hours necessary to get to $100k? Most ppl in that income bracket without advanced degrees or specialty credentials are spending more than 40 hrs a week working. Would you rather have money or time?
Posted on 11/7/19 at 8:23 am to Groundscrew85
Move to TX. Work in construction for a large home builder.
You'll make more in salary, OT, plus bonuses.
At least that's what I did when I felt similar to you a couple years ago.
You'll make more in salary, OT, plus bonuses.
At least that's what I did when I felt similar to you a couple years ago.
This post was edited on 11/7/19 at 8:33 am
Posted on 11/7/19 at 8:39 am to southernelite
quote:
Another thing to note to is that $100k is in the 88th percentile of median income for 32 year olds. I only say that to point out that because it may seem like everyone is pulling in $100k a year, but that’s not necessarily the reality.
This is true. $100k is a lot of money for anyone but especially a 32 year old. Also, folks who make that aren’t necessarily taking home as much as you’d think. Working for myself, I’m responsible for tons of taxes. If I make $125,000 a year, I’m only bringing in $62,000 a year after expenses, write-offs, and taxes. Point is making $100,000 is not necessarily doing better than most.
This post was edited on 11/7/19 at 8:40 am
Posted on 11/7/19 at 8:42 am to Groundscrew85
quote:
Groundscrew85
"How do I make more money? I don't want to move, or go to school, or do anything that requires me to put in effort, but I want to make 100k."
Posted on 11/7/19 at 9:12 am to Groundscrew85
Have been following this thread since you started it. I will say that there's basically five ways to make $100k+/year:
(1) Work for your family's business;
(2) Have a high earning degree;
(3) Work for yourself (most businesses fail);
(4) Work in sales (not many salesmen make $100k+); or
(5) Find a company that pays well, work your arse off, and move up the chain. Usually need (2) to get into this category though.
Obviously there's exceptions. I will also say that the grass isn't greener. Once you start hitting $100k+ you will likely have greater responsibilities and less free time.
If you're just chasing money you'll find yourself extremely disappointed once you get $100k. I can tell you there isn't much more happiness associated with making $60k vs. $200k.
(1) Work for your family's business;
(2) Have a high earning degree;
(3) Work for yourself (most businesses fail);
(4) Work in sales (not many salesmen make $100k+); or
(5) Find a company that pays well, work your arse off, and move up the chain. Usually need (2) to get into this category though.
Obviously there's exceptions. I will also say that the grass isn't greener. Once you start hitting $100k+ you will likely have greater responsibilities and less free time.
If you're just chasing money you'll find yourself extremely disappointed once you get $100k. I can tell you there isn't much more happiness associated with making $60k vs. $200k.
Posted on 11/7/19 at 9:27 am to hungryone
I clock in about 60 hrs a week now.
Posted on 11/7/19 at 9:32 am to Groundscrew85
quote:
I clock in about 60 hrs a week now.
For 50k? Ouch.
Posted on 11/7/19 at 9:34 am to MrJimBeam
Yep. Sucks. I’m going to try my best to improve my situation.
Posted on 11/7/19 at 9:52 am to Groundscrew85
quote:
Yep. Sucks. I’m going to try my best to improve my situation.
Good luck to you, sir. One suggestion: sit down and really look hard at your expenses. You named expensive hobbies: sports (assuming you buy tickets and watch in person) and golf. I'd wager that your monthly expenses could be trimmed significantly: cutting expenses will allow you to build a significant nest egg. That savings cushion will allow you to make your next move without fear.
Posted on 11/7/19 at 9:56 am to hungryone
Thank you. I have been saving about 1500 a month. I trimmed a lot of my expenses. My only vice now is eating out. I do that about once a week. Nothing crazy but I prob waste an extra 50 a week on food.
Posted on 11/7/19 at 10:01 am to Groundscrew85
quote:
I clock in about 60 hrs a week now.
Maybe start by getting a $50k job that is a 40 hour/wk job?
Combine that with a lower monthly housing bill and you'll probably start feeling richer right away.
Sometimes it isn't about making more money. Sometimes it is about making more from the money you already have.
If you start chasing "making more money," you will never be satisfied. It will never be enough. If you can't find a way to be satisfy with your current income, you'll never find that happy medium.
I can speak to that with 100% personal experience.
This post was edited on 11/7/19 at 10:03 am
Posted on 11/7/19 at 10:17 am to notsince98
A lot of good advice on this forum.
Your expense are way too high for living.
Get rid, sell, lease, get room mate and cut your expenses down.
If you are making 50k working 40 hours a week. It would be easier and more beneficial to start a side hustle you can do for cash, instead of getting raked over the coals in overtime taxes and working longer for them.
If you do that you will get a feel for working for yourself, if you like it, or not, can handle the stress that comes with it.
I would hold onto my job until im a little more fiancially flexible or have another job.
FYI:I got laid off and started a business that failed in the 1st 2 years. I learned a lot with that first lesson.
It is hard out there, trying to break into a field, transitioning into a field or getting a true feel of what you really want to do. In Louisiana it does come down to who you know not what you know, more so than often.
Now most jobs have eliminated on the job training.
And when you apply for a job through indeed, ziprecruiter, monster, your fighting 125-200+ applicants sometimes.
Goodluck, I like to hear Good stories about people making it so Dont give up. Dont feel so down about wasting your life, there are soo many people out there who are just trying to make it.
Your expense are way too high for living.
Get rid, sell, lease, get room mate and cut your expenses down.
If you are making 50k working 40 hours a week. It would be easier and more beneficial to start a side hustle you can do for cash, instead of getting raked over the coals in overtime taxes and working longer for them.
If you do that you will get a feel for working for yourself, if you like it, or not, can handle the stress that comes with it.
I would hold onto my job until im a little more fiancially flexible or have another job.
FYI:I got laid off and started a business that failed in the 1st 2 years. I learned a lot with that first lesson.
It is hard out there, trying to break into a field, transitioning into a field or getting a true feel of what you really want to do. In Louisiana it does come down to who you know not what you know, more so than often.
Now most jobs have eliminated on the job training.
And when you apply for a job through indeed, ziprecruiter, monster, your fighting 125-200+ applicants sometimes.
Goodluck, I like to hear Good stories about people making it so Dont give up. Dont feel so down about wasting your life, there are soo many people out there who are just trying to make it.
Posted on 11/7/19 at 10:18 am to Groundscrew85
quote:
Yeah I think I may be stuck. Thank you for your response along with everyone else.
You are by no means stuck. You are well ahead of many folks your age who have 6 figure student loan and CC Debt and they make the same or even less than you.
Depending on your location you can start looking for other Project Manager or Asst Project Manager Jobs within your area that pay 60-80k. If your location doesn't support those salaries than find a job in another location, wherever that may be. You can sell or rent out your current home to make the move. There are options, it might take a little grind and discomfort but it can happen.
Posted on 11/7/19 at 10:26 am to Groundscrew85
This might sound weird, but I felt "richer" when I was making about 60k a year than I do now making 135k.
Raises just mean more expenses.
Raises just mean more expenses.
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