Now check out these 15 signs that you'll be rich someday
Posted on 05/29/2011 10:10:34 AM PDT by SeekAndFind
It turns out $200,000 is the magic number. That's when you're considered affluent in America.
And what you make in your 20s is a huge predictor of whether you'll ever get there.
According to advertising agency Digitas, it's much more likely you'll hit $200K if you make at least $100K before age 35. That puts you into the emerging wealth category; anyone older and in that income bracket is considered aspiring.
Digitas pulled this research together after the economic downturn, after realizing that the core luxury consumers were the ones who made more money earlier. Those in the aspiring category no longer "felt rich" and identified with the middle class.
Emergers also have a better chance of being part of the coveted 1% who control 40% of wealth in America someday.
(Excerpt) Read more at businessinsider.com ...
guess that puts me out of the running......
>>It turns out $200,000 is the magic number. That’s when you’re considered affluent in America.<<
Pure bs. And what makes it BS is this “...in America”.
$100,000 makes you rich in some parts of america. In others, $200,000 will get you maybe a one bedroom apartment. Amrica has too many diverse economies to pull a single number.
Good luck landing another job if you’re making over 100k in the software industry.
It used to be said that you were on the fast track if you were earning your age; i.e. earning $25,000 by the time you were 25, $30,000 by the time you were 30, etc.
With inflation, you could probably triple those salary numbers to see who is on the fast track at various ages.
But most people reach a plateau in their careers. Very few of us make it to the board room or top management in whatever field we are in.
They didn’t factor in I have a lottery ticket in my Lucky Rocket underwear, now did they?
I’m just over the six figure mark and have been interviewing to keep my skills up. The interviews go well until they find out how much I currently make.
Oops... guess I missed out...
RE: Good luck landing another job if you’re making over 100k in the software industry.
Come to New York City and if you’re good, apply to an investment bank, a brokerage firm or a hedge fund.
Senior Software Developers make over $100,000 a year easily.
Making $100k is a very easy thing to do. People put roadblocks up themselves by saying such things as they want to get a Master’s degree so they can be a project manager, or they want to this or that so they can whatever.
The fact is that the vast majority of corporate employees have nearly no real credentials and make at least $80k.
Take Project Managers. Go get employed by a company, with or without a college degree, and volunteer to take on small projects. Then, take some project management training; a few simple courses. Even get your employer to pay for it. Then, present yourself as a project manager. You will most likely succeed and start making big bucks for little work. Once you are in you are in and your pay will skyrocket. Those silly engineers with their skills and education? Who cares. You will be a project manager with no credentials and no real experience but you will be making what they make. “Manager” has become the new career field and pays extremely well.
Software tester. No degree required. Simply go to a staffing agency, take on a low pay ($15/hour or so) tester position on an hourly basis. Learn the trade over a few months, then continue to move up. Maing $55k to $95k as a software tester is easy money.
If you paid attention in high school and know English, you can be a technical writer. Same as software tester. Get a low pay contract job then move ahead as you learn more about the trade.
Requirements analyst. Same thing.
Software configuration specialist. Same thing. Learn a bit about a few software tools and you could be making big corporate bucks.
Computer programming. Easy money. Anyone can learn to program a computer at a level that can command not less than $55k and upwards of $95k with maybe a year or two experience. Again, teach yourself C or C++ or Java or C# by buying a book, downloading free software and practicing. Then, go get a contract job at a staffing agency by placing your resume on Dice or Monster. You’ll learng all the ins and outs soon enough and be making big bucks.
I’m in big trouble...
... I lose that much a year.
RE: ... I lose that much a year.
Reminds me of an interview made with a millionaire...
Q: To what do you attribute your being a millionaire?
A: I attribute it to my wife and kids.
Q: How sweet... and what were you before that?
A: A Billionaire.
:)
I know a guy that did just that.
Taught himself labview on the internet and landed a job as a software weeny for amazon.com
If anybody says it's easy to become wealthy anymore in America they are living on Mars. We have become slaves to an out of control govt and it won't end until we take it back.
At 35, I was in my 17th year in the United States Air Force, and a Master Sergeant. I was no where close to $100,000; more like $15,000.
But I wouldn’t have it any other way.
I love this country!
Income is not a measure of wealth. A person can earn $200K plus each year and have a low net worth. A person making less than $100K each year can accumulate a net worth of several million dollars by careful saving and investing. Just like our national financial problem, it’s the spending, stupid.
Being happy with yourself is affluence to me. I also consider the reality that my lottery retirement plan is fading.
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