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Bigeasy9
Member since Jan 2018
12 posts

re: How to make 100k a year?
I was in your shoes a few years ago. I was making $50k/year working a ton of hours in a dead end job for a trucking company and I had a finance degree. I went back to a vocational school for process technology and got a job with a good company and was able to purchase a couple rental properties as well. My point is things can change drastically but you have to find out what you want to do and go after it. I work with plenty of people that only have a high school degree and are bringing in $130k plus.


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southernelite
McNeese State Fan
Dallas
Member since Sep 2009
51063 posts

re: How to make 100k a year?
quote:

instead of getting raked over the coals in overtime taxes and working longer for them.


Taxes are taxes. There is something to be said for doing something other than your primary job to make extra cash, but sometimes if OT is available to make extra cash, it’s usually the smartest way to go.


Lawyers_Guns_Money
Member since Apr 2015
252 posts

re: How to make 100k a year?
I commend you for wanting to take action to improve your situation. Sounds like a little extra $$ would go a long way for your lifestyle.

My one piece of advice is to not assume more money means more happiness. If anything, it means more responsibility which results in higher stress and potentially decreased quality of life.

I am your age and make ~200k a year which sounds great, but the reality is I work 24/7 and am under a tremendous amount of pressure/scrutiny on a daily basis.

Wish you all the best.


saderade
New Orleans Saints Fan
America's City
Member since Jul 2005
23701 posts

re: How to make 100k a year?
quote:

My one piece of advice is to not assume more money means more happiness. If anything, it means more responsibility which results in higher stress and potentially decreased quality of lif
I think several studies posted on this board show that people’s happiness increased up until around 80k per year salary but didn’t increase with more money beyond that.


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lynxcat
Rutgers Fan
Member since Jan 2008
20742 posts

re: How to make 100k a year?
I’ve worked myself up from $50K out of undergrad to the six figures and there is a ton of marginal benefit for every $10K more he earns right now. Once you hit the $150K+ range, I think the marginal benefit flattens pretty dramatically (especially for a single guy).

Short answer is to either go do something that provides career progression opportunities or go find something that pays you the same but doesn’t require a lot of hours. Right now, you have the negatives on either of those equations without the positives.

Do you have any analytical skills? Being an analyst can restart your career making $50K or so and you would have headroom to grow into six figures at a larger company.


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BLM
LSU Fan
ATL
Member since Oct 2011
442 posts

re: How to make 100k a year?
Do you have any passions in life? Any way to monetize around those? I think a lot of people have to do several things and work different jobs to really understand themselves and what they’re actually good at...not just pursuing something because it has potential for higher earnings but isn’t a long term fit for you. It sounds so cliche but its really true. You need to figure out what you really like to do and go balls to the wall with it. You’ll find it much easier to work your arse off for something you actually enjoy. You also have to be completely honest with yourself about your personality type, temperament, etc while figuring this out. Just “doing sales” will not work if you aren’t predisposed for that sort of thing. I’m personally good at it...it’s actually my favorite thing about having my own business. But, I’m not good at the details of staying engaged so I have to hire great people that are strong in that aspect.

You’re still young with your whole life ahead of you. Don’t waste time sitting on your arse but you have plenty of time.


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cave canem
Mississippi St. Fan
pullarius dominus
Member since Oct 2012
10262 posts

re: How to make 100k a year?
quote:

Just looking for some advice. I’m stuck in a shitty job. I’m 32 years old. Make 50k a year. Have a degree in political science. The company I’m with has no room for advancement. I’m miserable. I love paycheck to paycheck. I just want a job with some room for advancement and growth. Scared I’m going to be like this forever. I go on job boards and don’t know where to begin. Any ideas on a career path? Going back to school is not an option because of my mortgage.





So you are coming to the realization you were lied to and wasted money and time on that poli-science degree.

Any idiot that can swing a hammer or open and close valves can make 100 grand, get outside and sweat.


JohnnyKilroy
New Orleans Pelicans Fan
Cajun Navy Vice Admiral
Member since Oct 2012
21796 posts

re: How to make 100k a year?
Lot's of good advice in this thread.



However, as usual with these threads (and it's not at all unique to TD) is constant replies that making 100k isn't that hard, or that the poster knows several people with little formal education who clear well above 100k or that "any idiot can swing a hammer or open and close valves can make 100 grand" and other such nonsense.

100k is in the top ~13% of all wage earners in the US. That 13% also isn't distributed equally, geographically speaking. I'd wager that a state like Louisiana has less 100k+ earners than at least 40 other states (shit, if you told me LA had the least amount of 100k earners I wouldn't be completely shocked).

I guess I'm just saying this so you don't get discouraged because people love to make it seem like everyone is making tons of money. The stone cold fact is that even at your shitty 50k a year job, you make more than most and I'd bet you're in an even higher percentile for your age group.


Now, making 50k a year working 60 hours a week is horse shite. You could make more and work less being a legal secretary lol.


TopFlightSecurity
Arkansas Fan
Savannah, Georgia
Member since Dec 2018
664 posts

re: How to make 100k a year?
Join Army go to OCS


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hungryone
LSU Fan
river parishes
Member since Sep 2010
10051 posts

re: How to make 100k a year?
quote:

Now, making 50k a year working 60 hours a week is horse shite. You could make more and work less being a legal secretary lol.


And what’s wrong with being a legal secretary? Honest work, decent pay. I know some specialist paralegals with nursing degrees who make $75k without any of the stress of being attorneys (or nursing).

Core of the problem: OP needs to move on from his present job, but has too of a mortgage obligation to feel comfortable doing so. He needs to build his emergency fund to at least 12 mos of mortgage payments and seriously look for a new job, while spending less time on recreation that offers no career advantages and more time on skills building.


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JohnnyKilroy
New Orleans Pelicans Fan
Cajun Navy Vice Admiral
Member since Oct 2012
21796 posts

re: How to make 100k a year?
quote:

And what’s wrong with being a legal secretary? Honest work, decent pay.


Nothing at all.

Just an example of a job where he'd probably work almost half as much as he currently does, while making more money.


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tigerpawl
LSU Fan
Can't get there from here.
Member since Dec 2003
15514 posts

re: How to make 100k a year?
quote:

I used to be in your shoes. I made between $24,000-$45,000 working full time from the time I got out of LSU with a fricking humanities degree until this year when I decided to FINALLY take a leap of faith while holding my nose and went out on my own. I am in the financial services industry and always worked for someone else, juggling my schedule around their mandated schedule, getting sick often from stress and burn out. I went from job to job thinking something was wrong with me. Once I went out on my own and started working for myself my stress level is much lower, I don't think burn out is even possible at this point, and as long as I continue on the pace I've been at I'm on track to gross $120,000-$140,000 a year. I also work half as much as I did before.


Maybe you just need to start something yourself instead of continuing to fund someone else's lifestyle.


Your answer is in here somewhere. Print it out and put it on your bathroom mirror. Impossible to recommend the specific remedy for your specific situation and your level of personal resolve. That's a deeply personal thing.

There is much to be said for "Once I went out on my own and started working for myself...." If and when you do take the leap of faith, there will be no immediate or automatic reward. Prepare for rough seas. When you encounter them, acknowledge them for what they are, forge ahead, and keep your head up. Important to allow ample time (3 years?) to get where you want to be. I understand and appreciate the current mix of things that keep you pinned down. You'll figure that out eventually when you want it bad enough. The good news is you're young.

I noticed that you write well. You're articulate.

If you seek another job by conventional means, you might want to start accumulating certifications in a field that you might like. That should help to offset regrets of a well-intended but misplaced college degree.

Get simple business cards printed with your name and contact info on them. Keep a few in your wallet and a stack in your vehicle.

If you know somebody in your local Chamber of Commerce, go with them to a Business After Hours. Keep expectations low. You don't have to be in a formal HR environment to get the interview. These things are great for meeting decision-makers face to face. Also, don't limit yourself to the Chamber. Lots of other gatherings out there.

Personal style tip: keep your head up - literally - and be pleasantly/politely assertive. People unknowingly tune in to body language. Decision-makers like it when you present yourself as one of their peers. Smile often but don't go overboard. Quiet confidence is a prerequisite.

Good luck. I always pull for ambitious people who find themselves in these situations.
This post was edited on 11/8 at 7:40 am


audioaxes1
Member since Jul 2019
24 posts

re: How to make 100k a year?
not sure about your region but in California the most sure fire way to earn 100K is becoming a nurse. And best of all job security is solid gold... you can basically walk out of one hospital and be hired somewhere else the next day.


meansonny
Georgia Fan
ATL
Member since Sep 2012
9661 posts

re: How to make 100k a year?
I'm in my 40s. My advice for my kids...

With just a high school education, the best recommendation for work is at an EMC. No one ever leaves these jobs and for good reasons. Great benefits. Great compensation. Plenty of room for advancement (you can do college while working there if the advancement turns white collar).

If you are young and capable of white collar (degree or no degree), mortgage finance and insurance are great options. It is tough starting out (like most sales careers) which is why it is best to do while you are young without financial responsibilities. I think mortgage finance is a faster route to 100k. But there is a downside when the rate environment changes (6 figures can get cut in half or more based on variables out of your control). Insurance is much, much more stable (insurance sales are recession proof). But the income growth is a lot slower.

If you are very bright with elite math skills, engineering or finance is the best, fastest, and highest top end potential. There can be down cycles in the economy which can affect stability. But these skills are always in demand and worth the hassles of changing jobs/employers from time to time. You dont even have to be a people person to be highly successful in these fields. Results speak louder than sales pitches.

Obviously, "be your own boss" is a great opportunity for big rewards. But for every 2 success stories, there are 5 failures and 3 struggles. That shouldn't be a deterrent. But evaluate where you are right now.

My personal goal as a parent:
I'm trying to set aside $100k to invest in each of my 4 kids for them to startup a business if they like (or invest in real estate). Hopefully by ages 30-35, they will know what they do well and know enough about an industry to make the leap as a businessperson.


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TopFlightSecurity
Arkansas Fan
Savannah, Georgia
Member since Dec 2018
664 posts

re: How to make 100k a year?
32 isn't old but you'll have to act fast if you are serious about switching fields into a new career and being successful.

At the end of the day it's all about what you are willing to sacrifice. 90% of my friends from high school are still in our home town making 50-60k a year waiting for a big break.

They weren't willing to join the military to learn a skill / pay for a degree. They weren't willing to move to West Texas / ND for a couple years and work in the oil fields to save up a ton of money, they weren't willing to live frugally from 18-24 and get a well paying degree.

The paths are out there, it's up to you whether you want to do what it takes to follow one.


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cave canem
Mississippi St. Fan
pullarius dominus
Member since Oct 2012
10262 posts

re: How to make 100k a year?
quote:

However, as usual with these threads (and it's not at all unique to TD) is constant replies that making 100k isn't that hard, or that the poster knows several people with little formal education who clear well above 100k or that "any idiot can swing a hammer or open and close valves can make 100 grand" and other such nonsense.



I know lots of them, it aint hard if you are willing to work.


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blackoutdore
Vanderbilt Fan
Nashville
Member since Jun 2013
146 posts

re: How to make 100k a year?
Sell your house. Study for the GMAT and get a 700+ [that should get you into scholarship territory - maybe not full ride but a signficant discount]. Go to a Top 25 B-school and graduate in 2 years. Get a job paying $115k+. Average earnings at Top 25 B-schools listed here [ LINK]

Edit: Most of those jobs also come with sign-on bonuses and a yearly bonus. The yearly bonus should push you close to $150k or so.
This post was edited on 11/9 at 10:05 am


saintsfan1977
West Monroe, from Cajun country
Member since Jun 2010
4424 posts

re: How to make 100k a year?
Oil field if you want to start at 100k a year. Other than that I'm not sure.


FinleyStreet
Georgia Fan
Nashville
Member since Aug 2011
6018 posts

re: How to make 100k a year?
quote:

Study for the GMAT and get a 700+


The GMAT is a difficult test. Not everyone can study their way to a 700 even if they put in a lot of effort.


lynxcat
Rutgers Fan
Member since Jan 2008
20742 posts

re: How to make 100k a year?
You can get into top 20 working professional MBA programs with a 620-640 on the GMAT. Those would be a better option for the OP.


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