Here are 30 jobs with earnings anywhere from below minimum wage to six-figure salaries and how long it would take to earn $1 million in terms of years.
- Architects, except landscape and naval: $64,150 ---16 years
- Automotive service technicians and mechanics: $33,780 ---30 years
- Bartenders: $16,350 ---61 years
- Bookkeeping, accounting and auditing clerks: $30,560 ---33 years
- Carpenters: $36,550 ---27 years
- Child, family and school social workers: $37,480 ---27 years
- Choreographers: $34,660 ---29 years
- Coaches and scouts at colleges, universities and professional schools: $37,530 ---27 years
- Computer and information systems managers: $101,580 ---10 years
- Computer applications software engineers: $79,780 ---13 years
- Computer support specialists: $41,470 ---24 years
- Dental hygienists: $62,800 ---16 years
- Desktop publishers: $34,130 ---29 years
- Elementary school principal: $82,414 ---12 years
- Executive secretaries and administrative assistants: $37,240 ---27 years
- Hairdressers, hairstylists and cosmetologists: $21,320 ---47 years
- Librarians, local government: $44,960 ---22 years
- Middle school teachers, except special and vocational education: $46,300 ---22 years
- Network systems and data communications analysts: $64,600 ---15 years
- Personal financial advisers: $66,120 ---15 years
- Photographers: $26,170 ---38 years
- Pharmacists: $94,520 ---11 years
- Physical therapists: $66,200 ---15 years
- Police and sheriff's patrol officers: $47,460 ---21 years
- Post-secondary teachers: $56,120 ---18 years
- Retail salespersons, department stores: $19,610 ---51 years
- Special education teachers, preschool, kindergarten and elementary school: $46,360 ---22 years
- Technical writers: $58,050 ---17 years
- Travel agent: $29,210 ---34 years
- Veterinarians: $71,990 ---14 years
Yes, you will always hear about those plans where you save so much to make a million by such and such a date. If those plans really worked there would be dozens of families on this earth who would each have 100 trillion dollars from saving a few pennies a thousand years ago and repeating the investment drill over the centuries. Ask the next millionaire you meet if he got it by saving and sticking it in the bank at 5%.
My solution-- Chunks!
Almost always, million dollar profits are due to some form of business. To reliably get a million you have to create and sell a business that makes money, or receive money in big chunks, so that you are taking it in much faster than you or your wife can adapt to spend it. Either from a realestate deal, a business deal or a form of investment that is scalable where logarithmic profits are possible.
Like trading.
When one has on a good-sized position in a market that is going somewhere, money flows to your account like you somehow invented it. It doesn't work that way if you try to earn it by labor. The cost of making money by labor is too excessive. It is too easy to use up while you make it.
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It looked early in the week that we had the potential to make some decent profits with FirstStrike. Those possibilities have gone away with all of our trades now having been stopped out.
This week's last FirstStrike trade, the Usd/Jpy long @ 107.90, was stopped out at 107.30 for a 60 pip loss.
Tonight we have some OneNightStand possibilities. I'll send them out later to the subcribers.
Current equity is $759.90.
Have a good evening.
Joel Rensink
www.infiniteyield.com
PS: To receive the FREE! trading rules for the Infiniteyield Forex Challenge ($499 value) and the semi-monthly newsletter about this challenge, send an email to: newsletter@infiniteyield.com and tell me to which address you would like it sent. Please do not use AOL, Yahoo or Hotmail addresses. Nothing personal, but they've been known to filter out more good mail than actual spam. Try a Gmail address. It's free, simple and perfect for traders!
3 comments:
When you are at zero, labor is the only way to build up a stake.
If you have 100k saved up then you are better off working at a job that pays 50k/yr than trading a strategy that makes 10%/yr on average.
When you have 2MM saved up, then it is time to reduce your labor down to 1 day a week - after all your passive income is now 200k and salary is still 50k, so why spend time on the salaried job?
You forgot Denturist's..........LOL
100,000 per year. as to making a million? ..... uncle sam does a damn good job you don't get to hang on to much of what you earn.
I'm not too bummed about getting stopped out of the JPY long, since I'm short it in another account from 107.84. (4-hr inside bar break around 4:18edt 6/26.)I *am* bummed that neither the 4hr nor the 1hr bars have given me the chance to stack on any more size. I must also confess to hoping that the ONS trade on JPY doesn't even come close to being triggered. (Not that I won't take it in the unlikely event that it is.)
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