how hard is it to make 250k a year?

[spazo]

Is this a dream for most people or is it easily obtainable with a bit hard work and dedication? I assume its not that hard because I know many people in their late 20s who make about 150k a year but then again, I live in one of the richer parts of the country.

I mean I guess I'm a geek but if I can substantially increase my chance of making money by keeping myself out of parties in college, I would do that....I really want to provide for my family in the future and that my kids don't grow in bad neighborhoods, etc. I mean yes I'll probably miss the most exciting 4 years of my life but 4 years is nothing compared to 40+ years you'll spend out of college...

 

[KLin]

Anything is possible with enough time and money.

 

[RedCOMET]

Start saving early, but live a little.

 

[PoPPeR]

well it's obviously harder than it sounds, although the basic premise of it all is "yeah, hard work and dedication"

 

[QuitBanningMe]

Very hard.

 

[Mrvile]

Well you can start by stopping your visits to these forums.

 

[SagaLore]

If you're mormon, and have all your wives work, then probably not that hard.

 

[ELopes580]

Ask sonz70, he knows about hard work "PAYING" off.

 

[Yossarian]

pretty fvcking hard. but a lot of people still accomplish that goal.

 

[SVT Cobra]

keep working hard and stick at it

thats the only advice you need

 

[Caesar]

Depends on which field you are in. A lawyer, doctor, CS major, MBA can get to that mark but a normal engineer (civil/mehanical etc) will have a pretty hard time getting there unless you start your own company. But yeah hard work and dedication always pays sometimes soon and sometimes later along with the right attitude and ability to make rigt decisions in your life.

 

[Ronstang]

You can work as hard as you want but if you choose the wrong profession then it isn't going to happen.

 

[Ns1]

if it was that easy everybody would be doing it

 

[notfred]

Going to parties in college will have no bearing whatsoever on your salary as a graduate. If anything, it would make you more likely to make more money because you can meet people at those parties that might become friends who go off to start businesses and can offer you opportunites there.

 

[SilentZero]

Get married. Its not hard to make 250k a year between two people (before taxes!!). Just make sure your wife isn't a big spender and you will be ok. Our combined income while not 250k a year, is slowing getting close to it, and we are both under 30.
You don't need to "not have fun" in college to earn this type of salary either. Just balance your fun with studying and you will be fine, but also make sure you go into a field that you can get a job paying over 100k a year. Just work hard, save your money and live within your means (something I have problems with), and you will get there down the road.

Example: My best friend who is 29 years old works as a equities broker, has a 800k house, and drives both a porsche GT2 and a H2 Hummer, and he has been parting and acting stupid since childhood. My point? Its all in career choice and work ethic.

 

[Drakkon]

Originally posted by: notfred
Going to parties in college will have no bearing whatsoever on your salary as a graduate. If anything, it would make you more likely to make more money because you can meet people at those parties that might become friends who go off to start businesses and can offer you opportunites there.

its all about who you know getting to tknow those people and having the initiative to keep in touch with them all enough to form a working relationship is what gets people places ive noticed...

 

[z0mb13]

Originally posted by: Drakkon

Originally posted by: notfred
Going to parties in college will have no bearing whatsoever on your salary as a graduate. If anything, it would make you more likely to make more money because you can meet people at those parties that might become friends who go off to start businesses and can offer you opportunites there.

its all about who you know getting to tknow those people and having the initiative to keep in touch with them all enough to form a working relationship is what gets people places ive noticed...

like the old saying: its not what you know, its who you know

 

[ElFenix]

Originally posted by: spazo
Is this a dream for most people or is it easily obtainable with a bit hard work and dedication? I assume its not that hard because I know many people in their late 20s who make about 150k a year but then again, I live in one of the richer parts of the country.

I mean I guess I'm a geek but if I can substantially increase my chance of making money by keeping myself out of parties in college, I would do that....I really want to provide for my family in the future and that my kids don't grow in bad neighborhoods, etc. I mean yes I'll probably miss the most exciting 4 years of my life but 4 years is nothing compared to 40+ years you'll spend out of college...

you don't need 250K a year to provide for your family and make sure your kids don't grow up in bad neighborhoods. you just need to make sure that you don't spend beyond your means. in fact, you need to make sure that you spend well within your means and have a properly diversified portfolio

 

[The Pentium Guy]

Originally posted by: KLin
Anything is possible with enough time and money.

WTF?

 

[DaveSimmons]

Originally posted by: The Pentium Guy

Originally posted by: KLin
Anything is possible with enough time and money.

WTF?

Just invest $2.5 - $3 million at vanguard.com in their VFINX S&P 500 mutual fund. Over time you should average $250K in growth per year.

Simple!

 

[konichiwa]

Real Estate. If you are a smart person, working full time in a good company you WILL make $250k easy.

 

[OREOSpeedwagon]

Originally posted by: konichiwa
Real Estate. If you are a smart person, working full time in a good company you WILL make $250k easy.

what kind of company? real estate development or what?

 

[Fenixgoon]

gov employees get nice pay at the high scale... GS15 goes from like 105-135. 2x that and you have your 250+

 

[konichiwa]

Nope, just a real estate agent. Working in a lucrative market (think Top 25 cities in the country) with a good real estate company, full time and actually working hard, 90% of people will make that kind of money.

I know women who are doing real estate as their "second vocation" type thing and making $115k a year working maybe 30-35 hours a week, and I know people who have been in real estate for years who make nearly a million a year ...

 

[SilentZero]

Originally posted by: Fenixgoon
gov employees get nice pay at the high scale... GS15 goes from like 105-135. 2x that and you have your 250+

GS15 is hard to get though. GS13 is more reasonable, but still not the best paying position.