Number 1 Way to Earn Ground-Breaking Salary & Retire Early: My Journey from $0 to $71,000

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There is a wide selection of career opportunities and deciding on which career to enter can make a difference in your long-term career.

All careers are not equal because some pay significantly more then others. If you have come across this article, then it’s obvious you’re searching for how to earn more.

Whether you’re aiming to make more so you have more cash for personal things or another reason like using it to retire early having extra cash can make a big impact in your life.

Along with earning more and even retiring early is something all or most dream of. In this article, I will share with you my journey and the basic approach that helped me go from $0 to $71,000 in annual salary.

This information will help you achieve your goal to earn an amazing salary and you will even also learn how to use your current salary and future salary to retire early.

This infographic explains 8 Mind Blowing Ways to Increase Your Income. Click infographic to learn more.

I used the career advancement strategy to make more but I also work on others as well to make even more.

Take the Free Career Advancement Training and you can speed up the process of earning that salary you are aiming for.

BONUS CONTENT: Use these Methods like I did to save your first $17,000 in cash.  

You will know the following by the end of this article:

-My Journey from the Beginning

-How to Earn a Ground-Breaking Salary

-The Actions (Proven) to Retire Early

 

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My Journey from the Beginning

Years ago back in 2015, I had graduated college and had made a major move to work for a technology firm name Oracle.

This was a billion dollar company so of course, I felt I had made it in life in terms of what most expect after leaving college and landing a reasonable paying job at a well-respected company. I moved from NC to Massachusetts to start the next chapter of my life.

I was uncertain about this opportunity because it was in sales and was a business development consultant position.

I had no sales experience and had majored in Biology.

The big difference is that Oracle had a complete sales training for new hires out of college and it was a few weeks long and played a role in my success.

After about 8 months a tragic family event occurred, and I lost my job and was forced to move back to North Carolina. In, NC I was jobless and had to start from scratch and believe me it was hard finding a job.

There were countless rejections and from time to time I was at a temporary staffing agency that gives you work from time to time but doesn’t pay you enough to survive and thrive.

I eventually was hired by Quest Diagnostics in a low-level lab assistant job that paid $12 a hour. I struggled for a long time even with this job and barley had enough money to buy groceries.

I lived with my mother but still had to pay rent so that was even harder. My turning point is when I realized I had to change my situation and make more money plus on top of that I was often disappointed that I couldn’t do much or go anywhere with my life with little to no cash.

Like many other high income professionals, I started to ask the question how are some people thriving in life and never have to worry about money while others are poor and are in financial stress living paycheck to paycheck.

What makes a person more successful then others. I started researching and reading endlessly so much that this topic of success and wealth consumed me.

I found practical steps I could use to make more money but it all came down to setting goals, gathering information, making a plan, scheduling my tasks with deadline that align with my goals and having metrics to measure if I was succeeding or not so I could make changes if need be.

I had decided to become a truck driver only because I could start in a short period of time and salaries were from $40K to $75K or more.

Also, as I was becoming a truck driver, I found out about the FIRE Movement, which is Financial Independence Retire Early.

This movement has difference variations but it is all centered around using your money to retire early by having a high savings rate coupled with investing in paper assets like mutual funds for compounding interest.

When I did the math I realized that if I could get my income high enough to where I can save 30% to 50% of my income or more I could retire in my 40s if not earlier.

This wasn’t theory buy simple math plus their were case studies on people who already did this and were retiring early so I decided to make more simply so I could save and invest more so I can retire early.

I was able to make up to this date of this article so far $70K a Year because of the following:

  • Identified what careers or opportunities have high income potential
  • Choose the career then found out what qualifications or requirements are expected of me
  • Positioned myself to meet these qualifications and requirements
  • Job hunted & landed my first Job as a truck driver
  • Kept searching for higher earning jobs within my area of residence

In another form to earn a ground-breaking salary you simply find what pays you your ideal salary and then you go to work on getting that position.

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How to Earn a Ground-Breaking Salary

As stated in the past to earn a higher salary you must use this basic approach:

  • Identify Career and Opportunities that pay your ideal salary ($X)
  • Decide on which one to focus on
  • Gather the information that tells you all the requirements and qualifications then meet them all
  • Start Job hunting and preparing for interviews with your Expected income in mind’
  • Gain experience and keep finding ways to earn more based on your contribution

 

This is what I did so a basic example of this is the following:

  • Made a list of 10 to 20 careers on paper that paid my ideal salary
  • Decided to pursue and become a Commercial Truck Driver
  • Gathered my information and then went to truck driving school
  • Landed my first job
  • After getting experience, I left and found another company that paid more (I did this a few times and as of the writing of this article am getting paid $70K a year).

 

This is not rocket science or some hidden technique.

This was an attempt to organize a series of steps to help people looking to make higher incomes have a general approach to reaching their goals.

I did run into some issues along the way like funding or paying for my truck driving school lessons but resolved it by raising money.

Often your training may require money don’t e discourage if you don’t have it look for way to raise money as I did. I didn’t make much money but what little I did have I saved portions of it.

Also, I was in a Master’s Degree Program before starting truck driving school so I had a refund check that I used but I didn’t need it because I was already saving up until that point so I was good either way.

The end goal is to make more money even if it is not exactly your dream job yet.

Regardless, higher income will help support you and your ambitions until you reach your final sought out goal even if the career or industry you’re going into is not your last stop in your career.

 

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The Actions (Proven) to Retire Early

If you’re just seeking how to have a higher salary and don’t care about retiring early I get it.

If you want higher income and to retire early then keep keeping. In the words of Dave Ramsey, one of the most respected personal finance advisors, retirement is not a age but a number.

This means it doesn’t matter what your age is if you have the retirement cash to retire then you can. Check out this case study of a person who retired at age 33 with $700,000.

All she was be frugal and save at a high rate. She was well paid making $160,000 a year. I know what you are thinking anyone can save a lot of cash when your income is that high.

Trust me, I understand because when I came across this I kind of shook my head and was like whatever anybody with that income can do the same. She honestly didn’t do anything special.

At this point I knew I needed to keep increasing my income using career advancement strategies so I could retire early as well.

There are other people who have retired with a large lump sum for retirement. This man never made more then $X and had over $500K.

This occurred because he put his money little by little in investments like stocks and so forth. Took him 44 years and he didn’t retire early but he was able to.

Comparing both stories its best we make as much money as possible so we can save and invest more to reach financial independence sooner then later.

I will give you the brief overview of retiring early. To retire early, you have to decide on your early retirement number.

Then plan an entire financial plan to hit your savings target every month and year. When you set metrics you will see if you are progressing or not and can then adjust accordingly.

This is how you calculate it your retirement number.

Total Monthly Expenses multiplied by 12. You then take that number and multiply it by 20.

12 is the number of months in a year and 20 represents the number of years.

This assumes you are building enough retirement money for 20 years after you retire but since you would be retiring early you may have to change the number of years based on what you think it should be for your situation.

So, if a person, who is 27, wants to retire at age 45 and save enough for 20 years with expenses totaling $1300 a month the following is his/her retirement number:

$1300 (Monthly Expenses ) x 12 (Months) = $15,600 (Annual Expenses) ; $15,600 (Annual Expenses)x 20(Years) = $312,000 (Retirement Number).

Here the person’s retirement number would be $312,000.

A word of caution though. This is the minimum amount needed for him/her to retire so a rule of thumb is to aim for 2 or 3 times your retirement amount as your actual number to ensure expenses can cover unexpected events or potential high-cost things that may come up.

So, under these circumstances I would recommend this person shoot for $624,000 or 936,000 by age 45.

I also want to note sometimes salaries have a cap on the money they will give you so its best to not only focus on career advancement strategies but also business and entrepreneurship ventures.

Take the Free Career Advancement Training and you can speed up the process of earning that salary you are aiming for.

 

Conclusion

You hold the key to your own greatness and financial future. Here are the keys:

-Vision

-Strategy

-Action Plan with metrics

-Ongoing personal development & personal finance growth

 

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