The highest paying job is over $ 300,000. How do you make a few million dollars and what is it called when you make the money on your own?

Updated on : December 3, 2021 by Brenton Roberts



The highest paying job is over $ 300,000. How do you make a few million dollars and what is it called when you make the money on your own?

The highest paying job is well above that amount, especially considering bonuses, options, and other benefits. But to answer your question, people who make millions do so with their investments and / or businesses that they own.

In other words, it is their money that works, not them, although they can keep working if they enjoy it. But they usually work for themselves, not for an employer. I make. I never really enjoyed working for others. It was a necessary evil for a part of my life.

What's it called? Be smart.

Ahem……

First, can you afford to lose those 5k? Can you lock up for a while? Sometimes having cash to make sure you don't borrow credit is good.

There are financial instruments such as CDs (certificate of deposit) in a bank that pay you a maximum of around 2% at this time.

I could tell you about stocks, currencies, crypto, fractional real estate, etf's, SPAC's. All shit when the tax collector comes.

Real estate is the only long-term wealth-building tool. Unless you have the one perfect company or asset that you can put money in for years and never touch.

The reason real estate is king, TAXES. Real estate is

Keep reading

Ahem……

First, can you afford to lose those 5k? Can you lock up for a while? Sometimes having cash to make sure you don't borrow credit is good.

There are financial instruments such as CDs (certificate of deposit) in a bank that pay you a maximum of around 2% at this time.

I could tell you about stocks, currencies, crypto, fractional real estate, etf's, SPAC's. All shit when the tax collector comes.

Real estate is the only long-term wealth-building tool. Unless you have the one perfect company or asset that you can put money in for years and never touch.

The reason real estate is king, TAXES. Real estate is so full of crazy loopholes that it's enough for you to realize just how messy America is.

I only earn around 20k a year, but I own 5 rental properties that now generate 40k after expenses, all of those expenses are charged to credit cards which are mixed for points.

There is a crippling plague (urban decay) all over America, in every state somewhere. A few years ago, I could buy a whole house in Missouri for 5k, a few years before that $ 1, which would be worth 600k in Los Angeles. In california around Bakersfield there are solid houses for 80k. 5k is a substantial down payment.

So you bought your house? Ok, now it gets interesting. First, owning a property is not about getting a rent and selling the house for a profit, that's just a bonus. Owning your home and collecting rent and making repairs allows you to pay off every penny you earn from any other source. Also, starting in 2017, your real estate agent can give you a detailed list of the value of everything on your property. This is important because it is a piggy bank for future tax write-offs (oven, trees, fence, fixtures, floors, driveway, etc) So if you make 100k and pay 25k of that in taxes, you can start to DEPRECIATE your real estate to completely deny the taxes you owe. Congratulations, you don't owe taxes anymore and it's like you've won 25k. This will affect your debt-to-income ratio, which will affect future loans you can get from a bank, but who cares that you have something better now. EQUITY and an asset. After a year has passed if you bought the property outright or obtained a mortgage. Now you can go to the bank for a HELOC, not a refinance, they do an appraisal for $ 500 and BOOM, your house is worth twice as much because you took a distressed asset, painted it, and now it's an updated functional home than in any market in any market. place worth 200k. This is because of the insurance, it takes around 200k to build a house and if something happens to it, the insurance companies have to calculate how much it will cost to replace it. 200k. they do an appraisal for $ 500 and BOOM your house is worth double because you took a ruined asset, You painted it and now it is an updated functional home that in any market anywhere is worth 200k. This is because of the insurance, it takes around 200k to build a house and if something happens to it, the insurance companies have to calculate how much it will cost to replace it. 200k. They do an appraisal for $ 500 and BOOM your house is worth double because you took a dilapidated asset, painted it and now it is an updated functional home that in any market anywhere is worth 200k. This is because of the insurance, it takes around 200k to build a house and if something happens to it, the insurance companies have to calculate how much it will cost to replace it. 200k. it takes around 200k to build a house and if something happens to it, insurance companies have to calculate how much it will cost to replace it. 200k. They do an appraisal for $ 500 and BOOM your house is worth double because you took a dilapidated asset, painted it and now it is an updated functional home that in any market anywhere is worth 200k. This is because of the insurance, it takes around 200k to build a house and if something happens to it, the insurance companies have to calculate how much it will cost to replace it. 200k. it takes around 200k to build a house and if something happens to it, insurance companies have to calculate how much it will cost to replace it. 200k. They do an appraisal for $ 500 and BOOM your house is worth double because you took a dilapidated asset, painted it and now it is an updated functional home that in any market anywhere is worth 200k. This is because of the insurance, it takes around 200k to build a house and if something happens to it, the insurance companies have to calculate how much it will cost to replace it. 200k. it takes around 200k to build a house and if something happens to it, insurance companies have to calculate how much it will cost to replace it. 200k. it takes around 200k to build a house and if something happens to it, insurance companies have to calculate how much it will cost to replace it. 200k.

Congratulations, you took home 5k of startup capital, a bit of sweat, and a bit more money, funded or not. And it made it 200k in the eyes of the banks. You can even get a 30k mortgage if you look at credit unions, something traditional banks won't touch.

So you have 5 years now (1, where you live in it as your residence, 3 where it is an investment to depreciate, and one more that becomes your residence again so you can sell it and claim $ 250,000 of the sales price tax free, double if you're married) or just trade it in for another investment property so the depreciation you claim rolls over.

Congratulations you are middle class, a few more and you are rich. Now you can buy cryptocurrencies and stocks.

You might be wondering, oh how do I get people to help me with repairs and stuff. There are a billion dirty laundry dudes with trucks in every home depot who would be happy to help you make and learn for $ 15-20 an hour. Just make friends.

It's a great life. I am 15 years old and I live in Beverly Hills, California (yes, 90210). I don't make more than a million dollars a year, but my dad does, so my answer will talk about the life he can give to our family. I wrote an answer on a similar topic that goes into more detail about my life. You can read it here. Someone anonymous answer to What are the advantages and disadvantages of growing up rich (in the top 1%)? I will repeat many things here.

  1. Location. Beverly Hills is a tight-knit community. It really is just a small town in the epicenter of Los Angeles. The weather is great, and
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It's a great life. I am 15 years old and I live in Beverly Hills, California (yes, 90210). I don't make more than a million dollars a year, but my dad does, so my answer will talk about the life he can give to our family. I wrote an answer on a similar topic that goes into more detail about my life. You can read it here. Someone anonymous answer to What are the advantages and disadvantages of growing up rich (in the top 1%)? I will repeat many things here.

  1. Location. Beverly Hills is a tight-knit community. It really is just a small town in the epicenter of Los Angeles. The weather is great, you can surf in the morning and ski at night, there are tons of great restaurants and things to do, not to mention that Rodeo Drive is minutes from your home. The quality of life is really high.
  2. Cars. This is one of my favorite parts. During the week, my mother drives a G63 AMG and my father drives a Lincoln Navigator. Pretty common cars around here, although my mom wants them to be upgraded to the Rolls Royce Dawn. On the weekends we bring out the fun sports cars, my favorite, the SLS AMG (pictures below). Along the way, we received approval and lots of looks. People take pictures and sometimes they even want to sit down. Taking them to car shows is a lot of fun. We also have access to the private AMG lounge and its tracks. On the exotic level, cars become like a business and you can really make money from them.
  3. Trip. I don't think we travel that often, but when we do it is a luxury. Fly by coach like everyone else. The hotels are the best in the area. Four Seasons / Ritz type places. My parents have traveled the world a lot.
  4. Meal. One of the best advantages. We eat a lot. From good food to fast food. I've been to a couple of Michelin star places.
  5. Not having to worry about money. This is the most important aspect. Our lives are really relaxed because we don't have to worry about our financial situation. We also hire a live housekeeper, so cleaning is another thing we don't have to worry about. I remember when the recession hit in 2007 we were really worried about our future and it wasn't a good feeling.

Most of my father's income is reinvested. We live off a very small portion of it. Most rich people have the mindset to keep making money forever no matter how rich they are. Many of my friends are also rich, so my life doesn't stand out at all. The cost of living is also quite high. I know that many wealthy parents are so busy making money that they don't spend time with their children. My dad works normal hours and is always around. Also, wealth is best measured through net worth rather than annual income. I just want it to be known.

I hope this paints a picture of my family's life. There are some things that I left out, but I think you get the idea. If you want more details, check out my other answer.

The SLS

My Snapchat. The car on the left is the 300SL, the world's first supercar. It is worth more than $ 1.5 million. Unfortunately it is not mine.

Parked on Rodeo Drive

When the girls want to sit on it

Lamborghini Aventador

Aston

The pool

Earning money is simple.

Step 1: invest yourself

  • You can only earn money as an exchange of services or goods or your knowledge.
  • If someone wants to buy your goods or requires your services or needs your knowledge. You should have some skills to offer.
  • So others can invest in you.

Step 2: choose your method of earning income.

  1. Employee: You have to work for others (to save them time and work) and get paid for the work.
  2. Self-Employed: A person who provides services or consults others independently (for example, lawyer, doctor, etc.).
  3. Business: Evolved from freelancers and employees. Expanding t
Keep reading

Earning money is simple.

Step 1: invest yourself

  • You can only earn money as an exchange of services or goods or your knowledge.
  • If someone wants to buy your goods or requires your services or needs your knowledge. You should have some skills to offer.
  • So others can invest in you.

Step 2: choose your method of earning income.

  1. Employee: You have to work for others (to save them time and work) and get paid for the work.
  2. Self-Employed: A person who provides services or consults others independently (for example, lawyer, doctor, etc.).
  3. Business: Evolved from freelancers and employees. Expanding your business or applying your skills to the market. He is generally called an entrepreneur and a businessman.
  4. Investors: People who make money by making money to work for money. In the above methods, you are working for money, here is money for money. Usually the money generated in the first three methods is pumped in here.

Step 3: analyze, plan and execute

  • Once you've chosen your earning method, take a look at the things and issues involved in the process.
  • If you start a business, analyze the problem, the investment required, the potential risk, and the loss you may discover.
  • Analyze the market.
  • Prepare and execute your plan.

Step 4: failure

  • Failure is more common when making money.
  • Failure is an important lesson in acquiring money. It will teach you the most valuable experience of the things that you have not learned in the previous steps.
  • Again, by applying experience in the money formula, you can easily acquire money.

Comment below, if you have any thoughts, ideas, help, or need any clarification on this post.

As you say when answering your own question, it is indeed possible. Probable? Not really.

My recommendation would be to find an underground casino that accepts individual bets of up to $ 640K or more, then put it all in red or black (on the roulette wheel) and win 7 times in a row. That will get you 128 times your money, or $ 1.28MM. If you want more millions, repeat the process while the casino is willing to accept your bet.

My less ironic answer is: come up with a brilliant idea and use the $ 10k to support yourself while building a startup (small business) out of it. This of course

Keep reading

As you say when answering your own question, it is indeed possible. Probable? Not really.

My recommendation would be to find an underground casino that accepts individual bets of up to $ 640K or more, then put it all in red or black (on the roulette wheel) and win 7 times in a row. That will get you 128 times your money, or $ 1.28MM. If you want more millions, repeat the process while the casino is willing to accept your bet.

My less ironic answer is: come up with a brilliant idea and use the $ 10k to support yourself while building a startup (small business) out of it. Of course, this will take thousands of hours of your time as you carefully develop and nurture this product, present it to VCs, hire a team, go to market, repeat your product, etc. Apple / Google / Facebook, you will have your millions.

Depending on your business aptitude, I think these approaches are just as likely to land your million dollars. A staggering number of startups fail, similar to the percentage of people who would lose their money gambling against the casino seven times. The benefit you get from the second approach is becoming a hot commodity in the Silicon Valley startup / tech industry. You could get a juicy offer even if your startup fails and eventually win a million after several years.

Disclaimer: This should not be considered financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

If it comes to the United States, $ 3,000 a month is not a lot of money, that's $ 36,000 a year, which is double the poverty line. But, in most major cities, it is considered poor.

When I lived outside of San Francisco, renting a studio apartment required a minimum annual income of $ 47,000 per year. Below this, you may be living in "Section 8" (low-income housing).

To specifically answer your question, you are talking about jobs that pay around $ 18 an hour. In this category, you are talking about the following types of professions:

  • Entry-level teachers
  • Executive assistants
  • Entry level counters
  • me
Keep reading

If it comes to the United States, $ 3,000 a month is not a lot of money, that's $ 36,000 a year, which is double the poverty line. But, in most major cities, it is considered poor.

When I lived outside of San Francisco, renting a studio apartment required a minimum annual income of $ 47,000 per year. Below this, you may be living in "Section 8" (low-income housing).

To specifically answer your question, you are talking about jobs that pay around $ 18 an hour. In this category, you are talking about the following types of professions:

  • Entry-level teachers
  • Executive assistants
  • Entry level counters
  • Entry-level property managers
  • Social workers (who work with the mentally disabled)
  • Assistant store managers (Starbucks, Best Buy, etc.)
  • College professors (actually this can be a positive for this)
  • Cleaning staff
  • Graphic designer
  • Photographer
  • Entry level mechanic
  • Electrician assistant
  • Carpenter assistant


On its own, $ 36,000 per year may not seem like a lot of money, but if you have a partner making the same amount, the numbers become much more doable. And, if you live frugally, you have roommates, etc. $ 36,000 can go a long way.

Imagine this. You decided to ask a random group of people online, probably none making $ 10 million a year, how to make that much money.

Do you think that shows the kind of mind that can make even $ 200,000 a year?

Here's something I've noticed. The people here most desperate for huge sums of money don't seem to know anything about money or how it works. I do not understand. If you were very interested in cars, you would read a lot about them. If you thought insects were cool, you would learn about them.

Yet all these people who want to be a billionaire (there are only 570 of them in the entire US, sort of r

Keep reading

Imagine this. You decided to ask a random group of people online, probably none making $ 10 million a year, how to make that much money.

Do you think that shows the kind of mind that can make even $ 200,000 a year?

Here's something I've noticed. The people here most desperate for huge sums of money don't seem to know anything about money or how it works. I do not understand. If you were very interested in cars, you would read a lot about them. If you thought insects were cool, you would learn about them.

Yet all these people who want to be billionaires (there are only 570 of them in the entire United States, rare, don't you think?) Or make $ 10 million a year know less than a sixth grader about money.

I will continue to guess that the people who ask do not have a real education, they do not have important skills, they do not have a bankroll to start a business.

Here's one thing I've noticed about the few very wealthy people I've met. They set out to do something, create something, and they got rich along the way. They did not try to get rich, but had a strong drive to create a business or service.

Let's do the math, to earn $ 3,000,000 that means you will need to earn $ 250,000 per month, $ 57,692.31 each week, which equates to $ 8,241.76 per day.

Doing 8K a day is not difficult, you just have to make / sell something for which 8,000 people are willing to pay $ 1 per day. Or make / sell something for which 4,000 people are willing to pay $ 2. Or something for which 1,000 people are willing to pay $ 8.

Think about it. There are about 320,000,000 people in the United States. All you have to do is something that grabs the attention of 0.1% of them like 320,000,000 * .001 = 320,000 people. Looking at the numbers, getting $ 10 for

Keep reading

Let's do the math, to earn $ 3,000,000 that means you will need to earn $ 250,000 per month, $ 57,692.31 each week, which equates to $ 8,241.76 per day.

Doing 8K a day is not difficult, you just have to make / sell something for which 8,000 people are willing to pay $ 1 per day. Or make / sell something for which 4,000 people are willing to pay $ 2. Or something for which 1,000 people are willing to pay $ 8.

Think about it. There are about 320,000,000 people in the United States. All you have to do is something that grabs the attention of 0.1% of them like 320,000,000 * .001 = 320,000 people. Looking at the numbers, getting $ 10 out of 0.1% of the country couldn't be easier. I mean think of something you spend $ 10 on in a year!

This is how companies like Spotify work, but if you think about it, their paid user base is in the millions, and they charge that amount every month! EACH MONTH! If you really want to make 3 million in a year, everyone who follows this must stop what you are doing right now! We should all get together for a brainstorming session. And then go ahead with a concrete idea.

It is difficult because it is a lot of money, yet you can achieve a million dollars in one year. There are two ways to do it. One that you have no control over and that basically requires you to be lucky:

  • To win the lottery.
  • Receive a donation.
  • Win it by betting.

The other is through hard work and perseverance:

  • Invest in the right stocks or cryptocurrencies.
  • Trade currencies successfully.
  • Get a high paying job, as a doctor, lawyer, actor, CEO, banker, escort, stripper, webcam.
  • Build and sell a website.
  • Upload very popular videos to YouTube.
  • Become a social media influencer.
  • Build and / or sell a business.
  • I know
Keep reading

It is difficult because it is a lot of money, yet you can achieve a million dollars in one year. There are two ways to do it. One that you have no control over and that basically requires you to be lucky:

  • To win the lottery.
  • Receive a donation.
  • Win it by betting.

The other is through hard work and perseverance:

  • Invest in the right stocks or cryptocurrencies.
  • Trade currencies successfully.
  • Get a high paying job, as a doctor, lawyer, actor, CEO, banker, escort, stripper, webcam.
  • Build and sell a website.
  • Upload very popular videos to YouTube.
  • Become a social media influencer.
  • Build and / or sell a business.
  • Sell ​​your house if it is worth that much.
  • Find someone rich and convince him to give / lend / invest with you.

It may not be the kind of answer you are looking for. But let me tell you something

You will work a large part of your life, so I recommend that you think about what career would make you happy.

Because earning 300 thousand a year is not that difficult, what is more difficult is being happy and finding a purpose in life.

Find out what you are good at, what you would like to do for the rest of your life, how you would like to help other people.

This is how you get rich

Steve Jobs didn't want to be a millionaire, he just wanted to build nice things so that people could enjoy while using them, Jeff Bezos didn't care about money,

Keep reading

It may not be the kind of answer you are looking for. But let me tell you something

You will work a large part of your life, so I recommend that you think about what career would make you happy.

Because earning 300 thousand a year is not that difficult, what is more difficult is being happy and finding a purpose in life.

Find out what you are good at, what you would like to do for the rest of your life, how you would like to help other people.

This is how you get rich

Steve Jobs didn't want to be a millionaire, he just wanted to build nice things so that people could enjoy while using them, Jeff Bezos didn't care about money, but about helping people buy things online by focusing on the customer experience ... so think about it

I hope this can help you

You dig some stones and sell them to the sick for $ 50 each, using free advertising. Technically, you get someone else to dig the rocks, and you get someone else to sell them and pay you a fee. Why work? You have to launch your next idea.

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