Those making $250,000/year+ How’d you do it?

creating_my_life · 2018-03-20T19:24:19+00:00

The parallel to the red pill is "put your own needs first", and "work your fucking ass off."

Increases in pay come from switching jobs to higher title and pay band. Sticking with the same company doesn't increase pay as much (in most all cases).

Be damn good at what you do.

Spend some percentage of your time (10% to 20%) internally marketing yourself and doing self-PR.

Pick and industry and field that pays well. (this one is often overlooked!)

Focus on your personal NET WORTH, not your INCOME.

Take care of your body physically and emotionally. Dress well. Be fun.

Read 48 Laws again.

The first moment you're passed over for ANY kind of promotion or increase in responsibility, leave the company. You're done there.

Work in Sales.

atticusfinch1973 · 2018-03-20T20:00:02+00:00

Whatever industry you choose, niche yourself. This means becoming the best at one aspect of it that few people focus on that is essential and people need. Even if it’s boring it will be very lucrative.

max_peenor · 2018-03-20T19:43:40+00:00

Don't blow money on worthless shit when you are young. You are going to throw it all away some day anyway.

Avoid debt like it's the plague unless it is dischargeable and used for investment purposes (building your business/career). Most student loans are not dischargeable, so only use them if the eventual income makes paying them off easy. MD is usually a good example, but becoming a lawyer is not except for a small number of people.

You'll never get rich working your ass off to make other people rich. There better be something in it for you.

MuhTriggersGuise · 2018-03-20T21:07:20+00:00

Bust your ass at getting skilled at a high paying career. Live frugally and sock away money in investments. Wealth earns more wealth.

UncleWarwick · 2018-03-20T23:33:09+00:00

LURRNNNN how to talk to people. LURRNNN how to get people to like you. Merit only takes you so far. Equally or even less competent (to a degree) will take a backseat to "do I like you enough to hire you/promote you/work more with you?". If your foot is in the door, (i.e. in-person interview, working on the promotion), you've already passed the competence portion of things. So as long as you don't fuck that up in the next step, it comes down to "who do I like more?"
Did I say LURRNNN how to talk to people? Guy I know just financed his vacation home. Not through his 9-5. How? He talks to people. Knows who needs a position filled. Contacts with HR everywhere. "Hey, I'm sending XYZ your way for the ABC position." Hired? He nets a 5-10k finder bonus. He has no affiliation with any of these companies. He's not a headhunter. He just TALKS to people. Effort on his part? 10 minutes. If that. (Not including the years he's spent building his network, but if you're in any kind of corporate America, why aren't you doing the same?)
Major in something that is useful in a wide range of industries. Math, econ, finance. Stay away from anything else unless you're going to double major in it. CS is on the fence here, but that along with engineering will get you pigeon-holed into that category of people really fast. You're not going to have the same exposure to talk to people. For example, I talk with software devs, a lot. They talk with me, a lot. And that's where it stops there for them. On the other hand, I talk with at least 4 other departments on a daily/weekly basis. Who's getting more exposure? This guy. New position opens up? "Well this is a funky position, how are we going to fill it?" Who's going to get a look at first, the software dev that only does software dev, or me, who does a little bit of everything and has interacted with EVERYONE. (Hint: me)
The point above is that you want to be on the business side of things. There's two sides in business - revenue centers and cost center. Who makes the money? Whoever is in the revenue center. There will always be a ceiling in the cost center - you just have the chance to do a really good job and get paid decently well. If you're in the revenue center, you have the opportunity to make your company BOATLOADS of money, which you will get some kind of proportional benefit from. You're kind of fucked in this area straight out of college - you're a straight up cost center no matter what you do, but you want to angle yourself into the revenue center side of things. This will all make sense in 5 years. Trust me.

TimPartendale · 2018-03-20T22:37:14+00:00

Small business owner and I also work in healthcare. Still in my 20’s.

I came from an upper-middle class background and own a decent amount of stocks/savings.

Money definitely makes life better. I watch people struggle everyday and patients who can’t afford even sparing $3 for medications they NEED.

Money can also be used as a crutch. Keep up the work in the gym. I find the hierarchy to be: poor beta guys —> rich (oftentimes beta) guys —> guys that lift —> rich guys that lift.

My unsolicited advice for your 250k/year figure:

make your money work for you, ie investments such as real estate holdings or stocks. I personally avoid things like bitcoin and penny stocks, but I know people who have made fortunes through these avenues.
if you go to college, don’t major in a bullshit degree. If you haven’t gone to college? Well, college isn’t a requirement to becoming rich.
the more important your role on a larger scale... the more you’re paid. Likewise, management positions typically command more money.
you can make insane amounts of money in almost any profession.
job hop or move to high cost of living areas and live as frugally as possible while there.
if it were super easy to make 250k/year.. we all would have done it by now. You may struggle at first.
be wary of spending or partying away your wealth. Money is like calories... you need to balance what’s going in and out.
life isn’t fair.

PM-ME-Y0UR-NUDES · 2018-03-20T19:43:44+00:00

Finding a job that either nobody else can do or wants to do.

IncognitoMaster91 · 2018-03-20T22:03:50+00:00

Read "the richest man in babylon " then commit to following the steps provided

bob13bob · 2018-03-21T00:05:56+00:00

my own business in real estate. lots of hard work and a bit of lucky timing. spent 2 years working crazy hours, i spent maybe 25 hours total in 2 years watching tv/videogames.

spend your time chasing money, not women. Lots of poor young people in this sub, learn to ignore bad advice including them. use the resources you have. Research what areas pay well for their costs. currently that is coding, nursing, trade skills, real estate if you have access to borrow money.

Don't waste your time. put a dollar amount on it. you spend 2 hours at the gym plus commute 5 days a week. 13 hours/week is way too much. discipline workout running around your neighborhood and save 9 hours/week.
did you just spend 1 hour buying groceries twice a week! you're so luxurious with your time.. get them delivered or buy a freezer and cook /buy bulk. i cook once/week. don't be afraid to invest money to save time.

DO NOT AVOID DEBT, learn the difference between good and bad debt. I'm worth a good amount and I have 3 cars. 2001, 2004, and 2011, all owned outright. I don't finance toys, if I can't buy it cash, then i dont' buy if it's a toy. I keep my hobbies affordable; video games are the cheapest hobby you can do.

InscrutablePUA · 2018-03-21T08:57:37+00:00

I like how everyone is throwing out ideas, tips, tricks, etc. without digging deeper into the question. Why do you really want $250,000/yr? How much are you willing to kill yourself to get it? What do you really value in life?

When you're in college all you see is the big $$$, you don't see the sacrifice that's required to reach that stage. You also probably believe that that cash flow will make you happy, fill in your voids in your life, etc. Think carefully about the reasons why you want it.

VasiliyZaitzev · 2018-03-21T01:12:00+00:00

A. Went to law school.

B. Started working in CorporateLand.

C. Got to be really good at what I do.

I can't recommend law school to anyone now. First, it blows, and not in the 'fun' way, like with a lady. Full of SJWs and such, even when I went back in the last century. Also, now it is incredibly expensive and the jobs on the other side of graduation aren't keeping up, and there are only thousands of other lawyers now.

If I was starting over today I'd either do some sort of STEM thing, or I'd do something involving a skilled trade.

Oh, and save every penny you can, including the first 10% that hits your hand. You will never miss it. Put it in your 401k, and if you can max out and then contribute after tax, you wind up with what amounts to a "Mega Roth" IRA, because that money has already been taxed and you're not screwed out of it, like you will be when your income rises above the (regular) Roth limits.

DieMeinung · 2018-03-21T13:29:33+00:00

At first I figured out how to make $1,000; and I did that over and over again 250+ times.

Kidterrific · 2018-03-20T22:46:59+00:00

Went to med school. Like anything else, it is not an issue of intelligence, but one of persistence.

_Fresh_cakes_ · 2018-03-21T00:33:16+00:00

My father was very wealthy and owned a lot of side businesses. He was also super abusive but he left us his entire wealth (thank God). So for me, it was ridiculously easy. My mother had good experience in business and managed his inheritance pretty well and eventually passed it onto my siblings and I. I also studied very hard in college and worked my way up the business ladder

RP_Br3 · 2018-03-21T10:13:27+00:00

My dad makes around that amount. His advice is to be unique and broad. Be the economic that knows about law or programming, or be the engineer that can communicate. He's nisched himself as an engineer that is amongst the best bosses and recruiters in the country. Known for coming into a team, gets promoted to boss the team in less than a year and his understanding of the teams needs helps him find the right guy for the slots to fill. He then finds a new job and works in a new environment every 2-3 years.

He also spends a huge amount of time during the weekends keeping up with the stock market and makes around 30k just due to that annually

XelentGamer · 2018-03-21T01:55:29+00:00

This comment also goes back to the top comment’s point about net worth. Let’s take a doctor. If you are paying 50% in taxes and 20% on student loans and 20% on a mortgage and 10% on lawyers for malpractice suits then what are you left with?

There are other things too, like simpler. Let’s take driving for Lyft or Uber. You have to pay for a car and insurance which you might not have needed at other jobs, your car loses value and must be kept in good repair, you have to pay for gas, if you are out and about all day you likely are splurging on the food bill etc until you widdle down the money to nothing.

I once had a fairly good job working offshore on a boat, they housed you and fed you and you were stuck at sea so you couldn’t blow your money on stupid shit, avoiding booze and girls on off weeks was a struggle for some though. Other companies offered insurance and a company vehicle during off weeks. So at the end of the day your take home was fucking high, the money just stacked up. There were guys in their twenties that grinded up to the top in 5 years making 6 figs and planning their retirement in their 30s. If different life circumstances had happened I’d likely be there now.

Thinking beyond money, other things are valuable just for your quality of life. If your commute time is 2 hours or more a day, leaving you barely any time for other hobbies and goals that’s a serious cost that has to be factored in. If you hate the people you work with, or your job security is less, or the potential for advancement is low you have to factor those things in. There is also a reason people take unpaid internships, the potential to make 10x more money in the future is well worth making pennies on the dollar now.

TLDR Look beyond what is on the surface and find out what you really make, 6 figs sounds nice but you may be increasing your net worth more at a job that pays half that.

thesquarerootof1 · 2018-03-20T23:15:28+00:00

[deleted]

rp_newdawn · 2018-03-21T11:31:01+00:00

Went 400k in debt to go to medschool and surviving residency currently. I’m getting offers from 180-340 depending on location and position. I’m not even specialized, only internal medicine currently. You have to be okay with being a slave to the healthcare system for 7-10 years and going deep in debt, but the payoff is more consistent and reliable than most other avenues. Make sure that’s worth it to you. It is to me, to some of my closest friends it isn’t. I’m willing to talk to RPs that are considering the field.

trognj · 2018-03-24T10:14:11+00:00

As you can see, no one is going to tell you how THEY did as your post clearly asks. Just a bunch on one liners, quotes, and hearsay. Good luck bro. We all will be successful 🤙.

kemchik · 2018-03-21T03:50:53+00:00

By not sharing it with others if you got a method

i_forget_my_userids · 2018-03-20T21:04:14+00:00

Why do you want to make $250k? What do you want to do? Life is about more than money.

Additionally, TRP is about sexual strategy. All the other bullshit that gets shoehorned in here is usually self-promotion or nonsense.

Title	Those making $250,000/year+ How’d you do it?
Author	Authier
Upvotes	88
Comments	171
Date	March 20, 2018 7:03 PM UTC (8 years ago)
Subreddit	Posted in /r/askTRP
Original Link	https://old.reddit.com/r/asktrp/comments/85vdpj/those_making_250000year_howd_you_do_it/
Archive Link	https://theredarchive.com/r/askTRP/those-making-250000year-howd-you-do-it.126142 https://theredarchive.com/post/126142

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