Comments on: My other $100,000 by Age 30 goal http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal Sun, 03 Jul 2011 02:33:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Update on my $100,000 by Age 30 Salary Goal | My Financial Journey http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal/comment-page-1#comment-123829 Update on my $100,000 by Age 30 Salary Goal | My Financial Journey Thu, 01 Apr 2010 15:18:23 +0000 http://www.myfinancialjourney.survivingkids.com/archive/my-other-100000-by-age-30-goal#comment-123829 [...] almost forgot I even wrote a post about this, but in September of 2006 I wrote about my other $100,000 by age 30 goal where I mentioned that I word sort of like to be making six figures by the time I turned 30. At the [...] [...] almost forgot I even wrote a post about this, but in September of 2006 I wrote about my other $100,000 by age 30 goal where I mentioned that I word sort of like to be making six figures by the time I turned 30. At the [...]

]]> By: Candy http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal/comment-page-1#comment-123552 Candy Fri, 03 Oct 2008 20:40:40 +0000 http://www.myfinancialjourney.survivingkids.com/archive/my-other-100000-by-age-30-goal#comment-123552 At 22, my first job paid 45K out of college. I didn't set a goal in terms of dollar value. In fact I was totally clueless when I graduated. In two years, it went up to 52K. At 26, My second job went up to 58K. At 27, My third job paid 79K. Now I'm 29, netting six figure. It is totally possible, so don't loose heart. My goal was to learn more, cross train, diversify, be top producer, be aggressive, be the one the boss cannot live without. Money came as a result. I'm turning 30 in a month. I'm proud to be financially secure, but more importantly I'm more satisfied with myself for figuring out my life's passion and finding my place in the world. Money is a good way for others to measure you. Self satisfaction is a better way to measure yourself in terms of success. At 22, my first job paid 45K out of college. I didn’t set a goal in terms of dollar value. In fact I was totally clueless when I graduated. In two years, it went up to 52K. At 26, My second job went up to 58K. At 27, My third job paid 79K. Now I’m 29, netting six figure. It is totally possible, so don’t loose heart. My goal was to learn more, cross train, diversify, be top producer, be aggressive, be the one the boss cannot live without. Money came as a result. I’m turning 30 in a month. I’m proud to be financially secure, but more importantly I’m more satisfied with myself for figuring out my life’s passion and finding my place in the world. Money is a good way for others to measure you. Self satisfaction is a better way to measure yourself in terms of success.

]]> By: Jane http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal/comment-page-1#comment-443 Jane Wed, 28 Feb 2007 04:05:24 +0000 http://www.myfinancialjourney.survivingkids.com/archive/my-other-100000-by-age-30-goal#comment-443 Keep at it! I manage a team of SW engineers and can tell you that 6 figures w/a CS or CE degree is certainly within reach. I do agree tht it isn't as much $ as it seems when you finally get it though. BTW - I disagree whole-heartedly with the dime a dozen comment. An MBA with a technical background (i.e. - a technical person who understands business realities) is not common. Use it to your advantage... Keep at it! I manage a team of SW engineers and can tell you that 6 figures w/a CS or CE degree is certainly within reach. I do agree tht it isn’t as much $ as it seems when you finally get it though.

BTW – I disagree whole-heartedly with the dime a dozen comment. An MBA with a technical background (i.e. – a technical person who understands business realities) is not common. Use it to your advantage…

]]> By: Herb http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal/comment-page-1#comment-135 Herb Thu, 16 Nov 2006 00:21:13 +0000 http://www.myfinancialjourney.survivingkids.com/archive/my-other-100000-by-age-30-goal#comment-135 So you're a programmer? I was a C++ programmer in a former life and decided to go a slightly different route a few years ago. I loved programming, was good at it and well paid but my belief is that it's akin to a pro sports career (with less money). You've only got until about 40 or 45 to really make money in programming, after that you're too expensive compared to younger people. There are architect positions and things like that, but they're limited to large companies and hot tech areas of the country. Just my take, but I didn't see much future in progamming. six figures is certainly doable, but that's not as much money as it sounds like. So you’re a programmer? I was a C++ programmer in a former life and decided to go a slightly different route a few years ago. I loved programming, was good at it and well paid but my belief is that it’s akin to a pro sports career (with less money). You’ve only got until about 40 or 45 to really make money in programming, after that you’re too expensive compared to younger people. There are architect positions and things like that, but they’re limited to large companies and hot tech areas of the country. Just my take, but I didn’t see much future in progamming. six figures is certainly doable, but that’s not as much money as it sounds like.

]]> By: Andy http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal/comment-page-1#comment-134 Andy Mon, 18 Sep 2006 19:48:12 +0000 http://www.myfinancialjourney.survivingkids.com/archive/my-other-100000-by-age-30-goal#comment-134 Interesting post, and interesting comments. I think that the 'dime-a-dozen' phrase for describing a MBA is a bit too harsh on Randy's part. However, I do agree that there are VERY lucrative careers for early twenty-somethings if they have the right degree. IMO, the biggest value that an MBA brings is the networking. Unfortunately, networking seems to be a foreign concept for some graduate programs. I work for a major university and their MBA program is top-flight (and also expensive). However, the networking opportunities are also numerous. Again, good post. Keep up the good work on getting that feedback too! Sometimes the comments are just as interesting as the post. Andy Interesting post, and interesting comments. I think that the ‘dime-a-dozen’ phrase for describing a MBA is a bit too harsh on Randy’s part. However, I do agree that there are VERY lucrative careers for early twenty-somethings if they have the right degree.

IMO, the biggest value that an MBA brings is the networking. Unfortunately, networking seems to be a foreign concept for some graduate programs. I work for a major university and their MBA program is top-flight (and also expensive). However, the networking opportunities are also numerous.

Again, good post. Keep up the good work on getting that feedback too! Sometimes the comments are just as interesting as the post.

Andy

]]> By: My Financial Journey http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal/comment-page-1#comment-133 My Financial Journey Mon, 18 Sep 2006 01:57:02 +0000 http://www.myfinancialjourney.survivingkids.com/archive/my-other-100000-by-age-30-goal#comment-133 I'm guessing it would take a little more than 2-3 years for a computer geek/dime a dozen MBA person like me to get a degree in nursing/pharmacy/or some other in demand health care field. Besides while maybe not as much of a demand as nurse or something like that us computer geeks are in a pretty high demand career. Maybe not a lot of us pulling in 6 figures at age 24, but I've had enough school for a while. Maybe in 10 years when I want to switch careers - although at that point I don't know if I will be chasing money as much as finding something that I enjoy and has very flexible work environment. Anyway its not so much about the money per say as it is about being successfull in my career....maybe if I was a anesthesiolgist (whew care barely spell that) I'd be shooting for $200k a year. Besides I'd rather put people to sleep talking about what I do for a living than actually having to inject an IV into their arm :-) I’m guessing it would take a little more than 2-3 years for a computer geek/dime a dozen MBA person like me to get a degree in nursing/pharmacy/or some other in demand health care field.

Besides while maybe not as much of a demand as nurse or something like that us computer geeks are in a pretty high demand career. Maybe not a lot of us pulling in 6 figures at age 24, but I’ve had enough school for a while. Maybe in 10 years when I want to switch careers – although at that point I don’t know if I will be chasing money as much as finding something that I enjoy and has very flexible work environment.

Anyway its not so much about the money per say as it is about being successfull in my career….maybe if I was a anesthesiolgist (whew care barely spell that) I’d be shooting for $200k a year. Besides I’d rather put people to sleep talking about what I do for a living than actually having to inject an IV into their arm :-)

]]> By: Randy http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal/comment-page-1#comment-132 Randy Sun, 17 Sep 2006 13:57:24 +0000 http://www.myfinancialjourney.survivingkids.com/archive/my-other-100000-by-age-30-goal#comment-132 Want to make six figures in three years? Go back to school. That's right, I have a cousin and a coworker that have unbelievable stories: Coworker - her daughter (24 yrs. old) just graduated with a M.S. degree in Nurse Anesthesiology. Base salary: $155,000. One-time relocation 'bonus' paid by the clinic: $75,000. (She used the relocation money to buy a house). Cousin - I have a cousin (will be 24 yrs. old in three months) that just graduated from pharmacy school. Base salary $130,000. Downside is that he has to work an overnight shift. But if he wanted to, he could work the daytime shift and take a paycut. (CVS offers a 10% bonus for working overnight shifts.) Sign-on bonus: $35,000. So, as you can see if you go back to school and get a degree that's in a high demand career you'll be far better off than if you plug away trying trying to make six-figures with a dime-a-dozen MBA degree. Plus, a PharmD (degree required to be a pharmacist) will only will take you about 2-3 years (that's assuming you have a B.S. with a little bit of science under your belt). YMMV. Randy Want to make six figures in three years? Go back to school. That’s right, I have a cousin and a coworker that have unbelievable stories:

Coworker – her daughter (24 yrs. old) just graduated with a M.S. degree in Nurse Anesthesiology. Base salary: $155,000. One-time relocation ‘bonus’ paid by the clinic: $75,000. (She used the relocation money to buy a house).

Cousin – I have a cousin (will be 24 yrs. old in three months) that just graduated from pharmacy school. Base salary $130,000. Downside is that he has to work an overnight shift. But if he wanted to, he could work the daytime shift and take a paycut. (CVS offers a 10% bonus for working overnight shifts.) Sign-on bonus: $35,000.

So, as you can see if you go back to school and get a degree that’s in a high demand career you’ll be far better off than if you plug away trying trying to make six-figures with a dime-a-dozen MBA degree.

Plus, a PharmD (degree required to be a pharmacist) will only will take you about 2-3 years (that’s assuming you have a B.S. with a little bit of science under your belt).

YMMV.

Randy

]]> By: Harrison http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal/comment-page-1#comment-131 Harrison Sun, 17 Sep 2006 13:55:30 +0000 http://www.myfinancialjourney.survivingkids.com/archive/my-other-100000-by-age-30-goal#comment-131 I would like to say Good luck to you. Keep focus your goal, if you can do this, I think you will success :-) I would like to say Good luck to you. Keep focus your goal, if you can do this, I think you will success :-)

]]> By: My Financial Journey http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal/comment-page-1#comment-130 My Financial Journey Sun, 17 Sep 2006 13:38:30 +0000 http://www.myfinancialjourney.survivingkids.com/archive/my-other-100000-by-age-30-goal#comment-130 Actually I very much enjoyed my MBA coursework. I got my MBA while working full-time and taking night classes so it made for some pretty long days and I finished it in two years, but it really was pretty cool. Got to meet some pretty cool people (lots of CEOs and VPs in the program), so here is some punk kid programmer teamed up on project teams with a CEO, CFO, and VP of marketing. I probably could have got a little more out of the program had I waited a few years to gain more experience and have more real life situations to apply to the stuff we were learning in class, but had I waited say 5 years after graduating from college I really don't know whether I would have been motivated enough to go back to schoool. 6 months after I graduated I had my first child so all in all I think it worked out pretty good for me. Also having an MBA in my profession (computer programming) actually helps me out a lot even if I am not currently using it from a managerial perspective. Knowing exactly what executive or managers actually are trying to accomplish with the programs they are requesting and speaking the same language as them has helped out a ton. Actually I very much enjoyed my MBA coursework. I got my MBA while working full-time and taking night classes so it made for some pretty long days and I finished it in two years, but it really was pretty cool.

Got to meet some pretty cool people (lots of CEOs and VPs in the program), so here is some punk kid programmer teamed up on project teams with a CEO, CFO, and VP of marketing.

I probably could have got a little more out of the program had I waited a few years to gain more experience and have more real life situations to apply to the stuff we were learning in class, but had I waited say 5 years after graduating from college I really don’t know whether I would have been motivated enough to go back to schoool. 6 months after I graduated I had my first child so all in all I think it worked out pretty good for me.

Also having an MBA in my profession (computer programming) actually helps me out a lot even if I am not currently using it from a managerial perspective. Knowing exactly what executive or managers actually are trying to accomplish with the programs they are requesting and speaking the same language as them has helped out a ton.

]]> By: Tim http://myfinancialjourney.com/archive/my-other-100000-by-age-30-goal/comment-page-1#comment-129 Tim Sun, 17 Sep 2006 04:55:16 +0000 http://www.myfinancialjourney.survivingkids.com/archive/my-other-100000-by-age-30-goal#comment-129 Best of luck! I think its a good idea to have a salary goal like that. Keeps you moving forward. Did you enjoy the coursework for your MBA? Best of luck! I think its a good idea to have a salary goal like that. Keeps you moving forward. Did you enjoy the coursework for your MBA?

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