Guys who've make over six figures a year and/or have a large passive income, how did you do it? Do you have any advice how to start? (self.asktrp)

submitted by sparta2123

Just looking for viable opinions and options. I just paid off all of my loans (25k)in a year, but really want to buckle down and get that money. I make around 74k a year , with 40ish take home , but am at a hurdle on how to get that to equate to more. I'm 29 and I am open to any options. If you have books, websites or even youtube channels, whatever it is I would like to hear about it.Thanks for any advice.

[–][deleted] 26 points27 points  (16 children)

I own a gym and sell premade workout plans and meal plans to people. I own dividend stocks. Two rental properties and a parking lot in the city I work in. I also have a pornhub account sometimes me and my wife upload can net 500-1400 a month just from that. Depends on your starting capital my suggestion would be resale via alibaba.com sell on Amazon and ebay. 1000$ down to start.

[–]Locogooner 7 points8 points  (8 children)

How does one make money from a PornHub account?

Out of curiosity...

[–][deleted] 8 points9 points  (7 children)

Amateur porn uploads? You get paid for views and ad revenue.

[–]BusterVadge 4 points5 points  (0 children)

Damn, I need to have a talk with my girl. We make videos all the time, and We should be getting paid for it!

[–]Cunt_Robber 2 points3 points  (5 children)

Hmm maybe getting a wife isnt as bad as they say on here, especially when you get laid AND profit off of it

[–][deleted] 10 points11 points  (4 children)

My wife is amazing in and out of bed. But I paid a price to be with her. So its far from perfect. If your gonna record shit anyways why not learn angles and make some cash? I enjoy watching myself fuck her its a narcissistic thing for me. We watch our videos while fucking lol. In my experience women who worship you and are in a LTR commited relationship tend to do more if your game is tight then some plate would. Ive never had a reason to have an affair or cheat as I get literally whatever I want.

[–]Cunt_Robber 5 points6 points  (0 children)

Sounds like a decent lifestyle you lucky bastard haha

[–]somebullshitrp 1 point2 points  (1 child)

I'd like you to expand on what that price you paid was

[–][deleted] 4 points5 points  (0 children)

Id be considered "marrying down" Wife isnt ugly just average. Im not lol. shes also overly emotionally attached prob due to SMV difference.

[–]Ganaria_Gente 1 point2 points  (0 children)

But I paid a price to be with her.


'price', as in, you can no longer do other women?

[–]UniversalFapture 12 points13 points  (2 children)

Whats the username?

Asking for a friend

[–][deleted]  (1 child)


    [–]_Fresh_cakes_ 1 point2 points  (1 child)

    Sounds like you've got a nice thing going for you. How'd you get into buying a parking lot? Do you make more or less off that compared to the rentals?

    [–][deleted] 5 points6 points  (0 children)

    Parking lot is my best investment, I have it in the center of the city I work in near the financial district/high end retail area. Parking is abysmal most people thought it was a terrible investment I charge 12 dollars to park there I can store 75-80 cars there on average when its full.... Thats also not taking into account it runs 24/7 so it might empty and fill up 4-6 times in a 24 hour period especially on weekends for bar hops. It'll be paid off come june. I make alot from it. I make more from the lot in a month then both rentals combined. If I were to suggest property for an investor id say land near a prime area you can flip for a massive profit or something in an up and coming neighbourhood. I was debating buying a few run down houses in a shithole neighbourhood due to the fact that part of that neighbourhood is now a bohemian hipster stronghold with retro bars and gay shit like that. I see a 300$ a month mortgage where I can charge 1000 just because they wear skinny jeans and dont wash their hair.

    [–]johnsonsson 0 points1 point  (1 child)

    how are you resaling via alibaba? i am from central europe and thought i may get tax problems importing stuff from china (that's what it's about right?)

    [–][deleted] 0 points1 point  (0 children)

    Well im no expert on EU law or the law of your country. Usually with EU id assume you pay VAT? you pay to have items shipped to your home or warehouse then sell them online registering taxes. In the US you have to file 1099 forms for self employment registering your earnings its easy to underwrite what you make. In the EU im not as familiar.

    [–]awyden 12 points13 points  (2 children)

    Invest, Rental properties.

    [–]r-reptile 11 points12 points  (1 child)

    Good option if you are handy and smart enough to learn some landlord/tenant law basics. Having to hire property managers and handyman can cut into profits too much when you start out and have a mortgage bill. Do some research on the local market so you don't buy into a bubble. This does not include talking to local real estate agents, who are not fiduciaries but have a personal interest in getting people to buy and sell. The Rich Dad Poor Dad books are cheesy but do a good job of explaining the benefits of buying rental property versus investing in stock market. The drawbacks of doing so? Tenants, particularly low income tenants.

    [–]gizmozed 1 point2 points  (0 children)

    That's why if you are good at selecting tenants, your business will go smoothly as mine does.

    And also why you always manage the properties yourself, a property manager will put anyone with a pulse in your house.

    [–]jdgrazia 13 points14 points  (2 children)

    electrical engineer, graduated at 24 with a bs, spent a year coding diesel after treatment systems for 72k. three years at 75k coding engines at chrysler (wanted to show that I could hold down a job). six months at Firefly space systems (RIP) at 82k.. and then just recently started a job at northrop grumman coding missile guidance systems at 115k.

    it took moving from detroit, to austin, to chicago; interviewing constantly, always demanding more and more, leveraging offers to obtain the highest possible next offer, and working around burnt bridges to obtain strong references.

    I think the key is to keep moving, never let comfort dictate your next move, always strive for work that will add value to your skill set, and once you have that value don't be afraid to refuse offers.. even good ones.

    I had to turn down a job writing software for automotive buttons, even though it payed 120k and offered a 10k signing bonus. increasing your monetary value is never worth losing your perceived technical value. "not all treasure is silver and gold".

    [–][deleted]  (1 child)


      [–]jdgrazia 3 points4 points  (0 children)

      lol, I'm just glad to be working for one of the contractors that trump hasn't curb stomped on twitter. and thank you.

      I made a resolution to build an ecommerce business this year, and then roll those skills into getting a product crowdfunded.

      frankly I should have accomplished this years ago, but pussy always seemed like a priority until my N count got to a certain level.

      [–][deleted] 35 points36 points  (7 children)

      Pick a boring, difficult, high-skilled profession and get really really good at it (think tax law). Then start a company and hire others to do the work ASAP. Plow your profit into improving the company.

      [–]r-reptile 14 points15 points  (5 children)

      This would require a law degree plus a tax LLM. Only proceed if you are able to get into a top school and/or get a sweet deal on tuition via in-state or scholarships. Going deep in student loan debt for a law degree from a mediocre school is a big financial mistake too many people make.

      [–][deleted] 2 points3 points  (4 children)

      Bud of mine has a CPA, MBA, and CFP. Works out of his home. Very comfortable life, has a couple of Benz.

      [–]r-reptile 3 points4 points  (1 child)

      Right, that route is less expensive than becoming a tax attorney.

      [–][deleted] 5 points6 points  (0 children)

      He got several years experience working for someone else, then scalped all the clients that checked the same diversity block as him. He now hires subordinates of the same creed.

      [–]GoingToMAGA 1 point2 points  (1 child)

      What does he do tho?

      Im about to get my CPA and this sounds good to me 😂

      [–][deleted] 0 points1 point  (0 children)

      His LinkedIn says he works in valuation, asset assessment, planning and adjunct prof at the local uni

      [–]prodigy2throw 0 points1 point  (0 children)

      Almost exactly what my game plan is.

      [–]648262[🍰] 12 points13 points  (7 children)

      Employees Who Stay In Companies Longer Than Two Years Get Paid 50% Less

      The worst kept secret is that employees are making less on average every year. There are millions of reasons for this, but we’re going to focus on one that we can control. Staying employed at the same company for over two years on average is going to make you earn less over your lifetime by about 50% or more.

      Keep in mind that 50% is a conservative number at the lowest end of the spectrum. This is assuming that your career is only going to last 10 years. The longer you work, the greater the difference will become over your lifetime.

      Source: http://www.forbes.com/sites/cameronkeng/2014/06/22/employees-that-stay-in-companies-longer-than-2-years-get-paid-50-less/#223996c6210e

      Use money to invest. My advice is real estate.

      [–]Herdsengineers 1 point2 points  (2 children)

      I'd give a warning about this- the article is generally right. However, in some fields, the professional circles are small enough that everybody knows everybody. You can get a bad rep for jumping jobs too much, especially if those jumps aren't for promotions. Lots of lateral moves just makes it look like you can't hack it anywhere.

      [–]648262[🍰] 0 points1 point  (1 child)

      Yes - the general idea to keep in mind is that you shouldn't really be loyal to a company for the sake of it. Jump ship for promotions and/or substantial salary increase.

      [–]Herdsengineers 2 points3 points  (0 children)

      This - companies aren't loyal to you, they are loyal to profit for their owners/shareholders. You provide a service, they compensate you for it. That's it.

      And remember HR is never your friend. HR exists to protect the company's liability, not you. Never forget it.

      [–]NYCSPARKLE 0 points1 point  (3 children)

      Real estate is a mature industry.

      I don't know why Red Pill is so into it.

      Max you are going to get GDP growth or slightly higher. BUT you have repairs, taxes, insurance, etc. etc. to deal with.

      It's not worth it.

      Let put this myth to bed. So we don't have another financial crisis because everyone is jerking off over home ownership.

      [–]648262[🍰] 2 points3 points  (1 child)

      No idea what you mean about mature, but if it is a mature industry then be mature.

      It's nothing to do with redpill.

      If I can make 4% of my stocks then that's okay. If I can make 3% of my real estate investments then that's worse - except I have a loan on it, so the sum of money I make on real estate compared to stocks is larger.

      The bank won't give you a loan to invest into stocks usually.

      [–]NYCSPARKLE 0 points1 point  (0 children)

      Mature meaning there's no growth. Investing in technology, healthcare, aerospace stocks provides upside opportunity.

      The average annual stock market return is closer to 7%.

      Not sure what you mean about having a loan, I guess you mean leverage, but that requires paying interest.

      You can get leverage for stocks. It's called "margin" and you get it from your broker, which may also be your bank.

      I think you should do a bit more continuing education on the finance world; it sounds like you some good exposures and real money to work with. So protect it.

      [–][deleted] 0 points1 point  (0 children)

      if you buy a house for its inflated growth when you sell you are speculating.

      when you buy a multi family in a neighborhood with schools and hospitals, make sure your rents cover your bills + a comfort buffer you get cash flow.

      mature industries have their use as well.

      [–]Herdsengineers 7 points8 points  (15 children)

      I'm 41, just got to 6 figures last year. Took graduating from college, getting my professional engineer's license 4 years later, and working my way up over the course of 20 years to my current position.

      If I had it to do over again, I'd try to figure out something different. Some IT positions/paths can pay pretty high. Or if you have the business acumen and can manage risk, starting your own business and building it up.

      Investments and rental properties are good too, but you gotta have some form of investment capital to start. And hope the real estate market doesn't tank again.

      [–]Mecha75 2 points3 points  (14 children)

      Yup. Some IT paths can. I am at 6 figures and i am a Sr Cisco Telephony engineer. But even that isnt a guarantee anymore as the requirements for getting 3/4s of what i make in IT are now pretty extreme with how much you have to know and have done.

      [–]pridebrah 0 points1 point  (10 children)

      Interesting. Where would you recommend starting with IT these days? Any specific certs or is a degree a must-have at this point? Looking to switch careers.

      [–]Herdsengineers 1 point2 points  (1 child)

      I know a chick that clears about $140k per year as the technical/sales IT person for a team that sells firewall hardware. She has a sales genius that generates leads and sales, and she does the installs and tech support for their clients.

      Internet Security I would say is a rapidly growing area, and there is potential for high salaries at earlier ages if you can land the right spot. Probably won't get to 6 figs unless your somehow involved in generating revenue.

      [–]Mecha75 0 points1 point  (0 children)

      Systems integration jobs pay well. But you need to be very very skilled and have a bit of experience to get that type of opportunity. It takes a tremendous amount of effort to become skilled and experienced enough to demonstrate you actually have those skills. But you don't need to be involved in the revenue stream to make 6 figures.

      I also agree that infosec is the fastest growing part of IT at the moment and as a result it pays very well.

      [–][deleted]  (3 children)


        [–]Mecha75 0 points1 point  (2 children)

        Those are all crap certs. Great if you have zero experience and want to be stuck in level 1 help desk. But there is no way will you be making 50k doing that. Unless of course you are in NYC or California.

        [–]pridebrah 0 points1 point  (1 child)

        I'm on the west coast and have zero experience so that might be what I can work with for now. What you recommend as a better alternative?

        [–]Mecha75 1 point2 points  (0 children)

        Get a standard Microsoft, VMWare, EMC, and or Cisco certification. They are more valuable then those other certs.

        [–]Mecha75 0 points1 point  (3 children)

        Depends on what interests you.

        [–]pridebrah 0 points1 point  (2 children)

        I'm not really sure what interests me honestly. I know programming doesn't and that's about it. I've been a PC hobbyist my entire life and have built PC's and done other random things when I had a specific need (launch a linux server, make basic web sites, setup a LAN etc), so I just assume something with hardware. I signed up for a server administration associate's degree program (Linux concentration) at the local college for now.

        Just trying to shoot in the direction of something lucrative that will put me on the right path of a full time income as soon as reasonably possible.

        [–]Mecha75 1 point2 points  (1 child)

        Linux is okay. Career wise it may be better to try and get the RHCE than a degree as most IT degrees are behind the 8 ball technologically and take too long to get. Its better if you go the certification route first and then back it up with a degree.

        [–]pridebrah 0 points1 point  (0 children)

        Interesting -- I was under the impression an AS/BS was a path you should get on quickly for advancement opportunities and to get past HR most of all (at least according to r/ITCareerQuestions).

        You have me wondering if I should even bother. Class starts in 2 days and the first semester includes classes that help you study for the A+ and Network+. Maybe it'd be a wiser idea to just invest in some certs as you said...I just need to get my foot in the door to start getting experience and earning an income.

        Btw, how long have you been in the field if you don't mind me asking?

        [–]zaekj 0 points1 point  (2 children)

        Is cisco a good way for a 100k salary?

        [–]Mecha75 0 points1 point  (1 child)

        It can be. Depends on the opportunities you get.

        [–]zaekj 0 points1 point  (0 children)

        Can you elaborate more about the salary of learning cisco? Do you think it's worth the time? I'm currently doing a diploma.

        [–]Hitlers_Hairy_Anus 10 points11 points  (0 children)

        Low 30's, no college degree here.

        Get really good at selling things. Then get really good at coaching other people how to sell things.

        [–]Top_Ozone 6 points7 points  (6 children)

        The problem is that there are endless options to make money, passive or otherwise. We don't know your skills, your connections, or anything else about you so it's impossible to give you proper insight. It's great to hear what others are doing, but at some point you need to take inventory of your own abilities and figure it out from there. Think about what you're good at and what you love.

        The best advice I can give you is to just take action, start a small side hustle and work on building it - even if its just a blog or something. It may take two years (or more) before you turn a cent on it, but then growth could take off from there and its all worth. But if you sit around endlessly brainstorming ideas, you'll go no where. You just need to choose something and run with it.

        If you're looking for resources, here are some good options that I really like:

        • The Slight Edge by Jeff Olson - small actions done consistently lead to huge payoffs

        • Never Eat Alone by Keith Ferrazzi - a fantastic book on networking

        • Millionaire Fastlane by MJ Demarco (and the related forums) - the book title sounds corny but it really is a great book about building a scalable business.

        • www.BiggerPockets.com for real estate investing - if you are interested in real estate at all, this will give you the information you need through books and the forums.

        P.S. - I'm a 30 yr old attorney earning six figures

        [–]Herdsengineers 2 points3 points  (5 children)

        See I was a PE at 30, designing and building large scale water supply systems (which we would all die without), and was only making 60k at the time.

        Stay out of public infrastructure construction guys. The low bid system ensures the only people that get rich are crooked politicians.

        [–]brngamer 0 points1 point  (4 children)

        Have you moved into a different sector, and improved your income?

        Curios because I do similar work and have been constantly exploring options for taking my skills online.

        PM me if you'd like to get in touch.

        [–]Herdsengineers 1 point2 points  (3 children)

        I moved from working for more civil/transportation/site firms to a water/sewer/process mechanical firm. I'm in a PM role. I'd done a lot of my current role before, and basically just found the right job jump at the right time.

        As I posted earlier, if I wish I had picked a field that isn't tied to the trying to keep costs as low as possible all around - the low bidder system, water rates, etc. Constant pressure to cut costs, having your professional services seen as a commodity - lawyers/doctors/other engineers/accountants/etc. - no other profession gets viewed that way. So I advise everyone young - stay away from public infrastructure - civil, transportation, roadway, public utilities - you won't starve, but you'll never get rich in those fields.

        [–]brngamer 0 points1 point  (2 children)

        Thanks for the advice. You have an interesting view on this. I'll stick on my path of improving my PM skills and keep moving towards growing my other skills in the fields outside those mentioned above.

        [–]Herdsengineers 1 point2 points  (1 child)

        You're welcome. Anything that is project driven under the government wing - the government's budgets are squeezed at every level. So they squeeze everyone doing the work, pay enough profit to the companies for the business owners to kick back a portion of the profits to politician's election campaigns, and shit on everyone else.

        I'm lucky I landed the spot I'm in right now. And I've got several clients all complaining that I'm not dedicated to their projects enough, my boss is telling them "guys there's only one of him", and it's entertaining and led to very nice raise and bonus because I managed to keep them all happy. That said, it's a lot of pressure and if one understood the in's and out's of say Amazon or Ebay businesses and had cash to invest, you could build that to my income level in a few years instead of 20, and not have 50 people constantly vying for your immediate attention, making messes for you to clean up, etc.

        My son is 12 and is actually pretty good with IT stuff already. I'm trying to guide him to internet security because the $$$ is really good, and he can do it. He's got an Asberger's diagnosis, and that job would suit him well as he could be pretty autonomous.

        [–]brngamer 0 points1 point  (0 children)

        That's great, best wishes to your son.

        I don't directly work in government funded projects but the projects are subsidised and as the energy markets become more competitive, the expenses are squeezed.

        Looking at moving my skills towards serving individuals or property owners instead of corporations.

        eCommerce is a viable option. Ideally I will be able to take most of my work online and be able to scale the services.

        [–]RedditAdminsSuck_88 6 points7 points  (9 children)

        40k take home at 74k a year? Jesus, where do you live to where you get raped that much, or how? I know when I was making somewhere around 55k my take home was $41k and that was in a state WITH a state income tax.

        The first thing I would do, is build up a nice savings account. This is not an investment, its separate from investments. If you want to park it somewhere, perhaps a money market fund. Anyway the amount you need to put into this account is 6 months of living expenses, this gives you peace of mind and a safety net should anything go wrong.

        Max out your 401k if you aren't already, and continue to avoid consumer debt. Unless you are paying off your credit card balance in full and are just using it for the rewards/perks, no need to have one. Look toward Roth IRAs. The thing with 401ks and Roth IRAs is that those are retirement accounts, but I recommend getting those humming along at capacity before reaching your destination of generating passive income.

        Rental Properties are a good way of generating passive income but you have to do your legwork. It's not for the lazy or those who don't want to put in the effort and pay attention to detail. They still have to be properly managed - you can't just jump in expecting for it to all work out.

        [–]sparta2123[S] 2 points3 points  (7 children)

        Sorry to skew the numbers. 40k take home is with max 401k and IRA. Also have an HSA that is near max.

        [–]RedditAdminsSuck_88 1 point2 points  (0 children)

        Good on maxing out all those things.

        If you feel like you are ready I'd look into getting a financial planner as well who can steer you in the right direction on investments. But if you want liquid passive income, rental properties are the way to go.

        [–][deleted] 0 points1 point  (1 child)

        I'm assuming you actually use all the HSA amount? Max is great if you actuality spend that much, which I've never come close to.

        Maxing out 401k, especially when you're young, is a great thing, too, but don't forget present value of money in the mix. 401ks, for me, are a tax haven because I don't need the money now, but they are a form of golden parachute for the worst case scenario.

        If I needed the money for a passive income source, I'd invest over the 401k, or at least only up to the matching amount.

        Read 4 Hour Work Week by Tim Ferris if you haven't. Probably will help you answer a lot.

        [–]mindlar 2 points3 points  (0 children)

        To me the HSA is very similar to the 401k as a tax advantaged savings account. Money goes in with pre-tax dollars and is not taxed on the way out. It rolls over from year to year and isn't tied to your employer. Depending on the HSA, money in excess of a certain amount can be invested as well.

        The only real restriction is that it needs to be used for medical expenses. Quite frankly most of your 401k will also end up being used for medical expenses.

        On the other hand, an HRA (which is tied to your employer) and a FSA (which expires at the end of the year) both feel like poor choices unless you are using all of it in a year.

        [–]DMCer 0 points1 point  (3 children)

        This right here is the key to financial success. Save, invest, and be patient. Good job maxing out those accounts. You don't need to drop six figures to go back to grad school, that's absurd.

        IMO, the best thing you can do is learn to code/program. That's only going to become more important, and is applicable to a wide variety of fields. There's also almost always contracting work out there for coders to do on the side.

        You do not meed a financial planner, I would disregard that advice. Are you investing outside of your retirement accounts as well? Check out the /r/personalfinance sidebar. Stick with index funds or index ETFs (SCHB, VTI, etc) and avoid individual stocks. You should build up an investment account outside of your retirement accounts as well, assuming you already have 6-months or so of liquid savings in a regular savings account.

        People here are saying "rental properties" without knowing anything about real estate investing. It's extremely risky, requires a ton of work, is very capital intensive, and will generally not get you anywhere near a "six-figure income," but instead may bring in a few hundred more to $1k than the mortgage each month. That's good from a cash flow standpoint, but is a long way from snowballing into something huge. It's heavily dependent on your market as well. You need a mentor and careful analysis of the numbers before moving on a real estate investment (bigger pickets has a good calculator).

        [–]dabrah1 0 points1 point  (2 children)

        Read "real estate investing for dummies", "the millionaire real estate agent/investor", the bigger pockets beginner book, and listen to the bigger pockets podcast and lurk the forums and then jump in. Its not rocket science, you just need to have the right knowledge base before you get started. I bought my first duplex this year, for 70k and its been netting me 1250 a month (850 after the mortgage and tax/insurance payments) for 9 months now.

        [–]DMCer 0 points1 point  (1 child)

        If you bought for $70k, you're in an extremely low cost of living market where it may be a more sensible investment. Where?

        [–]dabrah1 0 points1 point  (0 children)

        Philadelphia. The Duplex is in a C neighborhood, the only priblem ive had so far is having to replace the furnace 2 months ago. Never had a problem collecting rent, which was what i was a little worried about.

        [–]NYCSPARKLE -1 points0 points  (0 children)

        There's not some magical formula this guy is missing.

        You're either deducting lots of things or under-paying your taxes.

        [–][deleted]  (2 children)


        [–]rashnull 0 points1 point  (1 child)

        Paid apps or ads? What category of apps are we taking about? Why would the income train halt?

        [–]Surfincloud9 5 points6 points  (1 child)

        I only make 52k a year but I work in molecular engineering with a focus on nanotechnology. Stumbled on it after only having my degree in biochemistry. Best job ever, learn something new everyday and chicks dig it

        [–]randarrow 12 points13 points  (0 children)

        "Hey baby, you like really small things?"

        [–]Endorsed ContributorUEMcGill 1 point2 points  (1 child)

        Chemical Engineer, in sales, in a really narrow field with 15 years of experience. I teach people what they need to buy then sell it to them.

        I work my ass off for it though, sometimes 3-4 years for a project to come home.

        [–]Herdsengineers 0 points1 point  (0 children)

        Yup. I've seen guys track projects for over 10 years before they hit the street.

        I like what I do, but I don't think I would recommend anyone else get into it.

        [–][deleted] 4 points5 points  (0 children)

        Check out thefastlaneforum

        [–]fcb98292 3 points4 points  (0 children)

        Said no to a social life and finished my MBA at 21. Earned 60k net as a new CPA/Database Admin for a tax practice in 1989. Opened my own firm in 1999 and earned 280k net. Got tired of reporting for work daily, so I sold my practice and went into online index futures trading in 2009. Make above that now, not saying any number, but I work about two hours per weekday.

        I get asked a lot, "what could you possibly enjoy about hours of numbing and brain-sucking work?" My answer is always twofold: 1. The work is predictable, measurable and mechanical. I can see the light of the weekend at the end of every 40-hour tunnel. 2. I can do things this weekend most people have to wait until their vacation for. It's easier to make it through 40 hours knowing that I won't be just surviving through the weekend.

        If money and fun push you to discipline, be the best at what you are. Choose only fields you can perform in well, enjoy and get paid well for. If you don't enjoy it, that will shine through and you will fail at financial independence. Do I enjoy taxes? Honestly, I didn't care after the first couple of years, because it was all the same. My weekend and vacation plans got more and more exciting, so even in the midst of weeks without seeing a single nice female ass walk by my office door, I knew the weekend was coming. And that got me through. Every time.

        If money and fun are no help to your daily discipline, working as a professional will not satisfy you, because you will always be discontent in the moment. Nobody wants to pay a professional like that.

        You are 29. Sounds like a side business in a technical field that you enjoy would be worth some research. I would not recommend taking four years off life and going to professional school, unless you conclude the momentum lost while in school would be easily recouped after more school.

        In the end, we all have to sell time to get money. Some folks are not cut out for a disciplined life. That doesn't make them bad people. But it does differentiate them from the income and life of disciplined earners.

        [–]manlydudebro 2 points3 points  (3 children)

        Early 30's. No real college education. Hit 6 figures last year. It was a combination of networking, luck and being unafraid to be in over my head. There were days I thought I would be fired but made it through and excelled somehow. Confidence in my work ethic and the charisma to get people above and below me to buy into helped immensely. Moved companies a few times in the 11 years I've been in my industry also yielded around 20% each time I moved.

        [–]adriantada 0 points1 point  (2 children)

        what industry?

        [–]manlydudebro 3 points4 points  (1 child)


        [–]_Fresh_cakes_ 2 points3 points  (0 children)

        Doing what?

        [–]theredpill22 2 points3 points  (2 children)

        Looking for some advice on my current plan. I want to have a net worth of +1 million by the age of thirty.

        I'm 20, sophomore ECE student with a 3.7 GPA, well the European equivalent. My university is a modern technical university with a good reputation for STEM. It's in the top 50 under 50 rankings done by QS . It also has the best reputation for electronic engineering in my country.

        I'm set up to graduate at 23 with a 1st. No student debt. 5000 euro in savings.

        I have a few different paths in mind.

        One idea is patent law. From what I've read, this is a very lucrative field due to how niche it is. It requires both a technical degree and a law degree. It also tends to deal with cutting edge technology so my degree in particular would be perfect. I've seen some insane starting salaries mentioned in the US. Like 170k starting. I'm not sure how that translates to Europe however.

        Another idea is going on to do a masters. Here I'm pretty torn on what to study. I'm considering CS, financial engineering, applied math or just finance. If I go the finance route, I'll want to get into an Ivy for sure, or else an elite european university. If I go CS then its not as important, but still important.

        If I do a masters, I'll be looking at the more quantitative roles in finance, working in HFT firms and hedge funds. Possibly working as a trader if I can break into it. My ultimate goal and dream would be to manage my own hedge fund. I have good social skill when it comes to business and I'm tall handsome and confident. The last thing I want is to end up working my ass off as a tech nerd while some less-talented dickhead of a manager takes the credit for it.

        I'll also have the versatility to go into software engineering roles, where there is a lot of money and jobs. I don't know if the whole tech hippie culture would be for me though. However the hours, pay and work are all excellent. Also means you can work in a shit-ton of different places, whereas with finance you're kind of limited to London in europe, NY and Chicago in the US.

        Also seems like the big money is to be made in the US, how do I go about moving over there ASAP?

        [–]DMCer 0 points1 point  (0 children)

        Few people in this thread are going to be able to give you concrete advise for this situation. I suggest talking to some experienced people in your field and some professors at your school from those different fields, from an engineering standpoint.

        I think the practicality of CS > quant finance for sure, and the disparity is only going to get wider. HFT is very niche, but you should explore the wider finance path. If you're interested in finance, you should be clamoring for internships. They love engineers and CS students.

        If you actually want to do finance, do not just go straight into grad school without working in the field. That is driving blind and you need some experience (you also may hate it). You also absolutely do not need a master's degree to become a trader. That is a waste of time and money, ask anyone in the field.

        The "tech hippie culture" is a gross exaggeration of CS, btw, and not even correct for many fields. That's a terrible reason to avoid what is arguably the most secure and diverse field of those you mentioned.

        [–]Dr_HoaxArthurWilmoth -1 points0 points  (0 children)

        Sorry buddy, make your own country great, unless you are some type of Wall Wizard.

        [–]moviemaker10 2 points3 points  (0 children)

        Car salesman. Made 6 figures. Lots of shitty hours lots of working out/eating healthy to stay happy and in shape. Getting into managment in any dealership is 100k+ guaranteed.

        [–]Big_Daddy_PDX 2 points3 points  (0 children)

        Find a way to specialize in your professional or personal skills.

        I've been positioning my professional career to allow for sideline consulting and speaking at regional and national conferences. I can do my job remotely from anywhere, so over the next few years, I can work on building my personal brand and future client list while I'm getting a $100K+ salary.

        But just so we're clear, real wealth is reflected in lack of debt and asset growth; not income ;) I'd far prefer a Lowe salary w/ no debt, but w/ a divorce and a former failed business, that isn't in the cards at this time.

        [–]The_Good_Delusion 2 points3 points  (0 children)

        I got a 6-digit salary straight out of college. I'm a software engineer, and I'm really skilled at it. Nothing unusual about 6-digit salaries in this field.

        [–]cereusundulatus 1 point2 points  (0 children)

        Rental property and investments.

        [–]Overzealous_BlackGuy 1 point2 points  (6 children)

        How do I turn 2 years of exp. As a hydraulic specialist on c-130s, being a veteran , and 4 years of being a union pipefitter into something better?

        Both the skills pay well.and it sounds attractive But that's it, there is limited growth.
        People keep saying get an engineering degree. But I also hear that they are insanely expensive, as in over 100k.

        If I do get an engineering degree I wanted to work in ,green/renewable energy. But I'm not sure if that's even something worth pursuing yet, or should look towards something more general?

        [–]Herdsengineers 0 points1 point  (0 children)

        Put those tech skills to work for an energy company? Field trades can make big bucks in the right arena. Working on oil transmission/petroleum pipelines, or at a refinery, or on an offshore drill rig? The oil companies are making good profit, and from what I've seen, they pay very well.

        [–]Dr_HoaxArthurWilmoth 0 points1 point  (4 children)

        so, 8 years in hydraulics/pipe-fitting and you want to get a degree?

        Find a state college and spend the least amount of tuition possible AFTER knocking out your general education credits at a community college.

        Work hard and smart in the union, save and invest. If you don't have the GI BILL, don't bother with the degree, it's not worth it anymore.

        Domestic energy is about to explode - don't be afraid to travel to make money.

        [–]brngamer 0 points1 point  (3 children)

        Can you elaborate on what roles in the 'domestic energy' sector may be high paying or where you see some opportunities?

        I currently work in the energy sector and am looking at taking some significant vertical leaps, if possible.


        [–]Dr_HoaxArthurWilmoth 1 point2 points  (2 children)

        As a pipe fitter look to where fracking will be back, along with any pipelines. Future Desalination plants, waste and water treatment plants as well.

        I find this more helpful than Craig's List. https://www.glassdoor.com/index.htm

        [–]brngamer 0 points1 point  (0 children)

        Thanks for taking the time to respond.

        [–]brngamer 0 points1 point  (0 children)

        One more thing, what's your prediction for desalination plants in the future. Where are the jobs, and where are some potential opportunities to capitalise on?

        [–]YoureAfuckingRobot 1 point2 points  (0 children)

        Strong work ethic, no matter what was asked of me as I moved up the ranks I did it and did it well and efficiently. I think that's a big deal, do things well and quickly, don't ever have somebody have to ask you to do it again. Be personable too but don't say too much. Also learn better grammar so when you type things people don't have to read them 3 times to figure it out.

        It's either, "guys who've made over six figures" or, "guys who make over six figures"

        It's not, "guys who've make over six figures"

        Bravo for typing the word six though, no number under twenty should ever be put in numerical text. I'm serious about all that.

        Edit: Keep in mind everybody thinks they have a good work ethic. Maybe compare yours to somebody in a position you want. Even the worst employees out there will claim to be hard workers, it's tough to self diagnose that.

        I manage a bank, started as a teller nine years ago and was a boss after almost six years.

        [–]trpchecker 1 point2 points  (0 children)

        I make 6 figures. Look for a job that pays high. Get education to get that kind of job. Excel at it.


        Find your passion and excel at it and sell it to the world. Might get you millions.

        [–]ratthing 0 points1 point  (0 children)

        I crossed the six figure line about 10 or so years ago. I work in consulting and training, and have side gigs teaching at universities. Basically, you need to network, and never be afraid to do something new. Whenever an opportunity arises that looks like I would learn something, I go for it. The downside is that I am always working, but i've gotten used to it.

        [–]genjuro_zero 0 points1 point  (0 children)

        I'm 36 and just changed companies to breach 6-figures. I've got about 8 years experience in 'tech' and 3 as a software engineer.

        [–][deleted] 0 points1 point  (0 children)

        Look at the financial independence sub. It's exactly what you're looking for.

        [–]goodgriefmang 0 points1 point  (0 children)

        Just be the best at whatever your trade is.

        [–]BusterVadge 0 points1 point  (0 children)

        I've been creating web properties and selling products on them through affiliate marketing. I get to help people out, and make a decent amount of extra money doing it. I'm pretty successful at it and plan on getting into real estate investing soon.

        It's really easy to start if you have the technical know how, and have around 10 hours per week initially to read about SEO methods, and figuring out what will work and what wont. Beware though, there are a lot of snakes in the internet marking biz. They will try to get rich selling you guides to get rich. Fuck those guys... You don't need any of that.

        This is all my side business, I do sales for my "real job". The side businesses net me over 30k/yr and I only work a few hours per month to keep it going. Initial setup is hard though. If I had more time I would make more, but I have more than enough money right now, and would like to get into real estate.

        [–]anihilistlol 0 points1 point  (0 children)

        Software engineer.

        [–]Blckclaw 0 points1 point  (0 children)

        Any tips for a linguist with no technical knowledge?

        [–]Mecha75 0 points1 point  (0 children)

        15 years

        [–]jonknownothing -1 points0 points  (0 children)

        LOL, the road to become real beta buckss is hard indeed. This is when TRP logic going awry since I don't care if I get cucked/golddigged/whatever as long as I got money in my pockett