how hard is it to make 250k a year?

[91TTZ]

Give me $500k, and I'll give you $250k of it back.

 

[sharkeeper]

Sure if I want to work a month a year!

 

[tec699]

go into teaching. teachers make $250k a year.

 

[Cobalt]

Originally posted by: ELopes580
Ask sonz70, he knows about hard work "PAYING" off.

Leading up to the big money shot?

 

[beer]

Originally posted by: 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.

So...a CS major or an MBA with a run-of-the-mill state or lower tier 1/tier 2 private school does better than engineers? :roll:

Top MBA program? Your statement holds true. Last time I checked, business undergrads and CS majors weren't doing nearly as well as my EE friends right out of school

 

[mwtgg]

Originally posted by: tec699
go into teaching. teachers make $250k a year.

Bull.

 

[us3rnotfound]

Originally posted by: tec699
go into teaching. teachers make $250k a year.

you're so full sh1t your eyes are brown

 

[91TTZ]

Originally posted by: beer

So...a CS major or an MBA with a run-of-the-mill state or lower tier 1/tier 2 private school does better than engineers? :roll:

Top MBA program? Your statement holds true. Last time I checked, business undergrads and CS majors weren't doing nearly as well as my EE friends right out of school

All the kids on here think that there's easy and guaranteed money right out of school. By the time they get there, they've wised up and no longer believe that. Fantasies are always more optimistic than reality.

 

[RU482]

Originally posted by: tec699
go into teaching. teachers make $25.0k a year.

edited for correctness

 

[LordMorpheus]

You can party and do well in school.

I'm getting a 3.9 with a hard schedule at Rice University (studying engineering, the class average is probably around a 3.0) and I get out as much as I can, 4 or 5 nights a week easily.

Don't cheat yourself out of college, you can have fun and do well in school.

 

[tec699]

Originally posted by: us3rnotfound

Originally posted by: tec699
go into teaching. teachers make $250k a year.

you're so full sh1t your eyes are brown

 

[IHateMyJob2004]

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...

It is attainable as long as you realize working for others is BS. I plan on doing it throguh investment byt he age of 45 (15 years from now)...adjusted for inflation of course ... so it's more like $400K/year.

 

[Excelsior]

Originally posted by: 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.

Yeah..its about the job..lawyers, doctors, MBAs who work their way up a bit, sure. Otherwise..itll be tough.

 

[IHateMyJob2004]

Originally posted by: 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.

CS = Computer Scientist?

Lawyer = FAR FROM A GAURENTEE! most are scraping by,

Doctors make $150K or so (I think), but that's to start.

And yes, Engineering sucks. Most engieners depend on others for employemtnt. Remember, most successfyul lawyers, doctors, etc own their own company. It has little to do with their profession.

PS: I am a software engineer, hoem remodeler (of sorts) and an individual investor. Ownign rental properties is an option, but Ichose nto to do that after seeing how smart stock investing can payoff.

MSFT sucks, go look at KIM or BAC, etc. MSFT .. .what a POS stock.

 

[IHateMyJob2004]

Originally posted by: 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

HAHAHAHAHAAH.... Not a chance. That's mostly a myth. When I have to recomend someone for my company, I have to know htey will succeed. If your my friend or buddy, I will smile to you, but my superior gets the truth. If you arn't a good choice for employment, our friendship will not get you hired. Sorry!

 

[IHateMyJob2004]

Originally posted by: 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

That a good point.
Another is, you don't need that much. Jsut make sure you have no debt and own a home. Yup, no mortgage!

 

[IHateMyJob2004]

Originally posted by: 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!

Irnoically enough, if you know enough about investing, you only need $1.5M to get $250K per year.

 

[IHateMyJob2004]

Originally posted by: 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 ...

And yes, even these people are morons. It's nto jsut hte average agent that's a dumb fvck. Makes me sick knwoing how much these morons make sometimes.

 

[Toki]

Originally posted by: IHateMyJob2004

Originally posted by: 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

HAHAHAHAHAAH.... Not a chance. That's mostly a myth. When I have to recomend someone for my company, I have to know htey will succeed. If your my friend or buddy, I will smile to you, but my superior gets the truth. If you arn't a good choice for employment, our friendship will not get you hired. Sorry!

but on the same note, if you are a good choice, and they know it, they can recommend you.

 

[DaveSimmons]

Originally posted by: IHateMyJob2004

Originally posted by: 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!

Irnoically enough, if you know enough about investing, you only need $1.5M to get $250K per year.

Certainly earning 16.67% a year is possible with high-risk agressive investments, but your odds of sustaining that growth average over time is much lower than with the S&P 500 fund I suggested.

Higher yield = higher risk. If there was a low-risk way of earning a sustained 16.67%, Vanguard would be offering it.

 

[Caesar]

Originally posted by: IHateMyJob2004

Originally posted by: 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.

CS = Computer Scientist?

Lawyer = FAR FROM A GAURENTEE! most are scraping by,

Doctors make $150K or so (I think), but that's to start.

And yes, Engineering sucks. Most engieners depend on others for employemtnt. Remember, most successfyul lawyers, doctors, etc own their own company. It has little to do with their profession.

PS: I am a software engineer, hoem remodeler (of sorts) and an individual investor. Ownign rental properties is an option, but Ichose nto to do that after seeing how smart stock investing can payoff.

MSFT sucks, go look at KIM or BAC, etc. MSFT .. .what a POS stock.

Well when we are talking about making $250k/year then ofcourse we are not talking about most of the people (average joe who got his degree just for the sake of it) but just the people who are above average, really focussed and can dream. Now for those above average people it usually helps if they are in these (and some more) fields that I mentioned. You will see more percentage of lawyers (or managers for that matter) making that 250k mark then engineers (employed by companies not owning) so thats what tells me that the field is important.

Edit: Just to add an example. I am an environmental engineer. Now the projects that we (my company) work on are like 100-200k. The biggest environmental firms (employing 4000 to 5000 people) have annual turnover of about $400 million while companies like IBM etc have quarterly profit 4 times that so of course those companies can afford to pay more money and bigger bonuses (20-30k as comared to 2-3k). So yeah the size of the industry has a very huge impact on the wages you make.

 

[Brian23]

250k a year? Dream on. When I get out of school with my dual engineering major I'll be VERY happy if I can find a job that pays 60k.

 

[Fritzo]

Very tough around here. CEO's make that salary...not too many people become CEO's. Doctors, lawyers....they'll be up there too.

 

[Svnla]

I don't know where do you guys get the numbers from. Not sure about other locations but down South here, if you are making over 50K (with degree), you are doing well.

I have a BS and an MBA with 10 years experience and I haven't make over 100K.

250K a year as an employee? Keep on dreaming.

 

[magomago]

Yeah 250 sounds a lot..Depending how the rest of my grades go, offers i've gotten and experience I've built, I'll probably start with 35k-45k...but I've learned from business people that I should work hard the first few months and make the company RELY on me, so 6 months down the road when I want a 5k raise, I demand and get it...and keep doing that