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re: Jobs that you can realistically expect to earn $300k+ a year
Posted on 12/5/23 at 8:53 am to Honest Tune
Posted on 12/5/23 at 8:53 am to Honest Tune
quote:Collusion lawsuit, NAR, Keller Williams, lots more lost 1.7 billion suit concerning commissions
quote:think that however is about to change with the recent lawsuits What’s up with this?
1
Posted on 12/5/23 at 8:58 am to I Love Bama
quote:
I am not talking about your neighbors fencing project. That is very little money. 7 figure fencing contracts are EVERYWHERE. This is actually the next vertical I am moving towards as our company grows because it is so hard to frick up.
I work in commercial/industrial construction and would like to get into fence projects. You’re right, there is money to be made.
Posted on 12/5/23 at 8:58 am to llfshoals
quote:
Collusion lawsuit, NAR, Keller Williams, lots more lost 1.7 billion suit concerning commissions
I’ll have to do some research on this.
Posted on 12/5/23 at 9:05 am to Honest Tune
quote:Lawyers from the plaintiff literally went across the hall after the verdict to file another one.
I’ll have to do some research on this.
Posted on 12/5/23 at 9:10 am to llfshoals
Haha wtf
Posted on 12/5/23 at 9:10 am to frankthetank
I think the main focus is being really good or specializing in something.
Insurance guys can make a ton. Some own agencies, some specialize in certain segments, some are great at their job, and many are broke and never get a foothold. Same with Financial advisors. I know a ton in both industries that have failed out and crushed their mental health, and almost as many that work 20ish hours a week and spend whatever they want.
A lot of business owners create generational wealth, while many more go bankrupt.
Find something you like, find someone in that area that’s making a ton, and go from there.
Insurance guys can make a ton. Some own agencies, some specialize in certain segments, some are great at their job, and many are broke and never get a foothold. Same with Financial advisors. I know a ton in both industries that have failed out and crushed their mental health, and almost as many that work 20ish hours a week and spend whatever they want.
A lot of business owners create generational wealth, while many more go bankrupt.
Find something you like, find someone in that area that’s making a ton, and go from there.
Posted on 12/5/23 at 9:22 am to jchamil
quote:
No, it’s really not. Why isn’t every plumber/electrician/hvac guy starting their own business and making $300k then?
Because being a a tradesman is not running a business. There's not very many people making $300k that are dumb.
Speaking of, I'm dissapointed the this clearly isn't the OT because someone would have said Riverboat Captain.
I work with Tradesman almost weekly, this idea that most of the people in trades are super smart is simply false. Ton of good guys, most of them couldn't finish or even get into college. Owning a trades business and being successful is not the same as being a great tradesman.
Again, I'm reverting back to the easiest way to make $300k. Which isn't easy, no matter what. SO I'm not saying its easy, I'm saying its one of the easiest ways that almost anyone can get into. Not everyone can get into high end sales, not everyone can be a doctor, etc. Literally damn near anyone can go to trades school right now and in 10 years work for themselves.
Posted on 12/5/23 at 9:23 am to baldona
quote:
Speaking of, I'm dissapointed the this clearly isn't the OT because someone would have said Riverboat Captain.
You’re too late. Page 3.
This post was edited on 12/5/23 at 9:25 am
Posted on 12/5/23 at 9:48 am to I Love Bama
quote:
Buying gets you money much faster but it carries more risk than starting from scratch and building.
This sounds backwards to me. Why wouldn't buying an already successful business carry much less risk than a startup and cash flow immediately?
Posted on 12/5/23 at 9:55 am to Yeti_Chaser
quote:
This sounds backwards to me. Why wouldn't buying an already successful business carry much less risk than a startup and cash flow immediately?
You are right, there is risk in both. For one, most people that would buy a business are using a loan. There's always risk in that as you have to buy a business for its value plus covering a loan cost and interest.
2ndly, buying a good business is not cheap and they don't exactly come along very often. It would also be generally unwise to recommend to someone to buy a business they know little to nothing about.
Posted on 12/5/23 at 10:48 am to baldona
I have my own Construction Company. I'm doing fine now but it took about 10 years to get it where I want it. Takes time or money. When I started I didn't have much money so I had to put in the time.
Posted on 12/5/23 at 12:28 pm to JL
I guess working for an independent and now a major doesn't qualify me to answer.
Your friends are full of shite pulling down 400-500K except is very rare circumstances, especially 10 yr guys. D&C/Reservoir will make the most but guys are still 250 range until you hit upper management. Reservoirs that has their stamp and can sign-off on reserves also will bring top$.
Small private equity where you have ownership, yes you can hit big numbers.
Your friends are full of shite pulling down 400-500K except is very rare circumstances, especially 10 yr guys. D&C/Reservoir will make the most but guys are still 250 range until you hit upper management. Reservoirs that has their stamp and can sign-off on reserves also will bring top$.
Small private equity where you have ownership, yes you can hit big numbers.
This post was edited on 12/5/23 at 12:37 pm
Posted on 12/5/23 at 12:31 pm to Billy Blanks
quote:
Most sales jobs once connected...that's the hard part.
I wouldnt say close to most sales jobs, I would say sales jobs where commissions can be extremely high/uncapped.
A bunch of sales jobs dont pay much and many are geared towards 20 somethings just looking to make more than people still in college or just out of college potentially. A lot of grinding with typically not much payoff but for someone in their 20s making $50k sounds good potentially without a degree.
This post was edited on 12/5/23 at 12:34 pm
Posted on 12/5/23 at 1:00 pm to Mariner
quote:pyramid scheme?
Once you establish a core base in insurance, it seems that they set it on auto-pilot and get new clients from current clients. The challenge is getting that core
Posted on 12/5/23 at 1:09 pm to tigerbacon
quote:
And most doctors make around 100k which include pediatricians, er doctors, GP
Community ER gigs are like 350+ starting
This post was edited on 12/5/23 at 1:15 pm
Posted on 12/5/23 at 1:12 pm to frankthetank
There aren’t many. Someone mentioned sales and finance. Hard to earn working for someone else. I admire those entrepreneurs who had the stones to make a living on their own.
Posted on 12/5/23 at 1:44 pm to AkronTiger
quote:
Community ER gigs are like 350+ starting
I'm not a doctor and there's a lot more to it, but ER docs generally have no or very little benefits and are sometimes even contractors correct? Not sure that's fair.
My FIL is a retired surgeon and he said he was making $5k a day any day he did surgery and his benefit package was worth about 40% of his pay.
I'm not saying shite here other than to say that MD pay varies greatly. MD's can often make more in rural areas where no one wants to work then in big cities.
Also, if you can be a legit MD this is a dumbass topic. You likely have the intelligence and drive to make $300k in damn near any field you want. The real hustle is making $300k without that same intelligence.
Posted on 12/5/23 at 2:02 pm to baldona
quote:
ER docs generally have no or very little benefits and are sometimes even contractors correct
First I’ve ever heard of this. Don’t think so.
This post was edited on 12/5/23 at 2:03 pm
Posted on 12/5/23 at 3:59 pm to AkronTiger
Also, the tax man makes a big jump from 24 to 32 percent around here. Your biggest expense by far is going to be taxes in this neighborhood.
Posted on 12/5/23 at 4:08 pm to XenScott
I clear well over 300, but I only do that because I'm self employed. If I worked for law firms I'd be making 1/3rd what I make now
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