#SixFigureSalary #CareerAdvice #FinancialSuccess #MillennialFinance
Is it common to be making six figures by the time you hit 30 years old? 💰
It’s not uncommon to feel the pressure of achieving financial success by a certain age, especially in today’s competitive job market. Many millennials find themselves comparing their own financial status to their peers and feeling behind when they don’t meet certain milestones. If you’re feeling frustrated by your current salary and are eager to make six figures by the time you hit 30, you’re not alone. Let’s explore some factors to consider and strategies to help you boost your income and advance your career.
Factors to consider:
1. Educational background:
– A college degree, especially in a field like business management, can open doors to higher-paying jobs. However, it’s also important to continuously pursue professional certifications and advanced degrees to stay competitive in the job market.
2. Work experience:
– Your experience in inbound sales is valuable, but it may be beneficial to explore other industries or roles that offer higher earning potential. Consider networking with professionals in different fields and gaining exposure to various career paths.
3. Job market demand:
– Research the job market to identify industries and roles that are in high demand and offer higher salaries. This may involve exploring emerging industries or pursuing specialized skills that are sought after by employers.
Strategies to boost your income and career growth:
1. Target high-paying industries:
– Explore industries such as finance, technology, healthcare, and consulting, which often offer competitive salaries and ample opportunities for career advancement.
2. Develop specialized skills:
– Consider acquiring specialized skills or certifications that are highly valued in the job market. This could include data analysis, project management, digital marketing, or financial planning.
3. Network and seek mentorship:
– Building a strong professional network can open doors to job opportunities and mentorship from experienced professionals. Attend industry events, join professional associations, and connect with professionals on platforms like LinkedIn.
4. Prepare for interviews effectively:
– Utilize resources to improve your interview skills and prepare for challenging questions. Practice mock interviews with friends or seek guidance from career coaches to enhance your performance during job interviews.
5. Consider additional education:
– Pursuing an advanced degree or enrolling in professional development courses can enhance your knowledge and skills, making you a more attractive candidate for higher-paying positions.
6. Explore entrepreneurial opportunities:
– If traditional employment is not providing the financial growth you desire, consider exploring entrepreneurial endeavors. Launching a side business or freelance consulting can offer additional income streams and opportunities for growth.
It’s important to remember that everyone’s career trajectory is unique, and comparing yourself to others can lead to unnecessary stress and frustration. Focus on setting realistic goals, continuously developing your skills, and exploring opportunities that align with your values and interests.
In conclusion, while it may not be common to be making six figures by the time you hit 30, it’s certainly an achievable goal with the right mindset, strategies, and perseverance. By assessing your educational background, work experience, and market demand, and implementing targeted strategies to boost your income and career growth, you can position yourself for financial success in the long term. Remember, it’s never too late to make a career change or pursue new opportunities that lead to a fulfilling and financially rewarding path.
$26k at 30, $267 at 41. Try not to compare and worry about others. Have goals, have a plan, take the plan one step at a time, amd be willing to modify those goals and plans as your situation dictates.
Admittedly, the year before/after 30 I was at $38, and at 39 I was at $136.
Look at median HOUSEHOLD income and then answer your own question…
Where you are makes a big difference. $100k in a place like NYC? More common than most other places with a lower cost of living. That isn’t to say it is or isn’t common, but the median salary is certainly lower even there which would tell me $100k is exceptional not the standard.
I feel you have a few misconceptions.
Most people never get to 6 figures in their life. The median and average of the USA is not there yet. It doesn’t matter how old you are.
The industry, state, type of work plays a major role how many these jobs pay.. For generic non management office jobs on non high income states you seem to be doing as good as the average person or slightly above.
Your bachelor degree is pretty generic. You need to have a very solid work experience or buzzwords that sound amazing.
Try taking extra responsibilities, take different certifications for your industry. If you work in sales then put in numbers how much money you bring to the table. You need to be an amazing candidate to land those jobs.
Talk to a head hunter (check linkedin) ask them what experience or education their really successful candidates have. It took me about 11 years in the same field to clear that benchmark.
110% depends on the location and field. Took me a LONG time to get there, but I wasn’t exactly chasing it.
I didn’t make 6 figures til 2017. But I have a GED.
I was making less at your age and am now in six figures. Stay the course and know your worth!
I live in California and make nothing. Life as a college advisor
Do you think there are more than 51% of 30+ year olds make 100k+? If that’s the case, there sure is a lot of poor rich people.
Depends where you live.
Even the majority of these comments are making 6 figures. I don’t even want to talk to people anymore. Your whole worth comes down to how much money you make.
Some people do, some people don’t. I think I saw somewhere that the average 30-35 year old gets close to or makes 100k a year.
That being said, yes you should try to make more money if you need it, but I think you should also prioritize if you even like what you’re doing.
I started off slow as well and was making 35k a year up until I was 28. I’m 29 now and make 70k a year. There’s no way in hell I’m going hit 100k by this September.
The main thing I think is to work hard, and do something you like and eventually the money will follow. Then again, maybe my advice sucks because I won’t be making 100k by the time I’m 30.
You can’t compare yourself to other people. It’s unhealthy. I know this is an extremely hard thing to do in the Instagram age.
There are so many factors at play. What part of the country do you live in? Are there opportunities where you live? What industry are you in? Are there opportunities in your current industry?
Usually the only way to gain significant (20%+) pay increases is by changing companies within your industry every few years. Sometimes that might require moving across the country.
No.
How long have you been at your current company? How many times have you changed positions?
Tbh i found staying too long at any company or in any position really slowed my wage growth. I’m coming from the technical field non-exempt. Took 6 years, 2 company changes and 3 positions changes to get over 100k for me at 32
I’m 43, soon to be 44, and I’m just signing my first 6-figure salary job literally tomorrow.
I’m 27 and make 85k in the IT field. I also got extremely lucky to start because I graduated college with a Bachelors and had a Fortune 500 company looking for a person to replace their IT person that had been there for 40 years and I started at 60k at 22.
I also put in a lot of work in 2 internships and working at the Geek Squad for years while in college. I only got that Geek Squad job because the original hire bailed on them and I was second runner up. Got promoted there which looks good on a resume then asked every question to the higher up’s I could and gained knowledge by learning from some great people on tips and tricks. Customer service is easily the most underrated skill one could have.
Long story short is I’m projecting myself to hit that 6 figure mark by 30 and the sole reason is because of the time and effort I put in back in college and gaining knowledge on my soft skills. Master the basics and the rest becomes much easier. And always ask questions when you don’t know something.
My advice to you is to keep challenging yourself and pushing the goal posts. Job hop, master new skills at the new job and within a 1-2 year span move to the next. I’ve jumped 25k doing this. They always say the first million is the hardest to obtain and the truth is that works the same in jobs for the first 100k. Once you break that barrier it starts to become easier (or so they say). Find classes and certifications to help improve your knowledge base and give you something to add to your resume.
Also don’t get discouraged and keep applying. It took me about 10-20 applications to get a single response and that’s okay. During interviews remember that the fact you even got one means they’re already interested in you. Dress to impress and prepare but also leave some room to improv and have a normal conversation. Top employers always say skills are teachable but the ability to talk and having a drive to learn is something you can’t teach.
Edit to add: 48k is not necessarily behind as you say. A lot of people would kill to have that salary and the number of high earners on here seems a bit skewed because the majority of workers don’t make that and won’t comment on posts. Biggest thing to ask is: can you pay your bills and have enough left over to have fun and save? Or do you feel like you need more for better financial stability or because you feel behind? There’s no wrong answers but those questions may help you reflect
It’s getting easier to do every year.