How to make a million dollars

How to make a million dollars How to make a million dollarsPosted April 11, 2014, by Marni Williams Ive recently turned 30 and a decade-old weight has been lifted from my shoulders. No, its bedrngnis that Ive bought a house. Been made permanent. Finally apologised for losing that ring of my mothers. Its that I have just paid off tens of thousands of dollars in HECS-HELP debt. Now thats a milestone I believe in celebrating Before you bother to do the math no, I have elend been earning the big bucks. But lets be real I studied a Bachelor of Art History and Theory and a Masters of Arts Administration graduation was hardly going to be a licence to dive into a basement full of hundred-dollar notes Scrooge McDuck style. And this is certainly not a tale of woe. I consider myself pretty lucky I have managed to be consistently employed in jobs Ive actually wanted since I graduated and even occasionally nudged a tax bracket that I thought was reserved for people with real degrees. But I h ave to admit that I have at times questioned whether racking up all that debt straight out of high school was ever going to be worth it. And, like me, you probably wonder whether your studies will actually continue to have any effect the further you get into your career. (I know at least in the short term I will enjoy the extra $50 a week that used to go to the ATO, thats for sure. Store-bought coffee, anyone?) The good news is that I found some interesting answers recently in an AMP.NATSEM report entitled Smart Australians Education and Innovation in Australia. It even talks to us in a language we all understand dollars and cents.It states In early working life, average annual income across educational levels ranges between $48,000 and $62,000, with those obtaining a bachelor degree earning more annually than all other education categories. So thats a good abflug, but its hardly news. Heres where it gets interesting The gap between those with a higher education and those with lower education continues to widen across the life cycle, with people unternehmensverbund a postgraduate degree surpassing those with a bachelor degree at around age 3539 years. So, study might take a while to have its full effect, but just how wide does that gap gradually become? You might need to read this next bit a few times in order to absorb it, so Ill slow it down for you over. a. million. dollars. wide. A person with a postgraduate degree will earn more than $3.17 million over their lifetime, almost 1.8 times the projected lifetime earnings ($1.74 million) of a person with just Year 11 or less education. Average annual employee income for persons of working age 2559 years Average annual employee income for persons of working age 2559 years, 201112 So that decade-long coffee allowance is starting to sound like a small sacrifice, really. Even the Scrooge McDuck reference is sounding less ridiculous at this point. And the higher earnings arent just for postgr ads, either A person with a bachelor degree will also have a high return on education, earning around $2.9 million over their lifetime, or almost 1.7 times someone with Year 11 or below. Lifetime employee income of persons at age 25 years, highest educational attainment Lifetime employee income of persons at age 25 years, highest educational attainment Before you start to think I cant see past the dollar signs in my eyes, I know what youre thinking yes of course it does make a difference which industry you work in. For example, hospitality workers earn a mere $1.6 million on average, where high-skill industries such as engineering would earn nearly $3 million over their working lives. However, even within the same industry the financial prospects of those who have the most education are markedly different. The report makes the point that those with university degrees working in management and commerce and society and culture are likely to earn almost twice their peers with no un iversity degrees across their lifetime. Lifetime employee earnings over the working life of persons at age 25 years Lifetime employee earnings over the working life of persons at age 25 years With todays universities opening up places based on student demand, we might ask what happens when university degrees become more common, then? Were already seeing graduates in some areas such as Veterinary Science struggling to find positions. The answer may lie in the value of education in encouraging higher thinking. Professor James Arvanitakis, Head of the Academy at the University of Western Sydney and recipient of the 2012 Prime Ministers University Teacher of the Year award, pointed to this on Radio Nationals Life Matters program last week Most degrees should have two aims the first thing is to learn the skills that you need for a job study accounting to become an accountant A good degree also gives you the second thing you learn to learn that ability to critically think, to confro nt challenges, to work across issues, to see the problems in a slightly different way and I think thats what a degree has to give you, it has to give you both of those things. Bruce Guthrie, Policy and Strategy Advisor at Graduate Careers Australia, also responded to the prevalence of degrees, noting an increase in the number of people doing postgraduate study, particularly masters by coursework and graduate diplomas Its whats called credential creep what used to take you just a Year 12 high school diploma then started to take you an undergraduate degree, and possibly now a postgraduate degree because of the competition in the labour market. So the pressure to be qualified is only increasing and, as Guthrie points out, the current reality reflects this, with unemployed non-graduates already doubling the number of unemployed people with degrees. In todays knowledge economy Australia needs a nimble, educated workforce to take advantage of changing opportunities. And with such a w idening gap between skilled and non-skilled workers, perhaps the question becomes not whether its worth doing further study, but whether you can actually afford not to. If you want to earn over a million dollars more in the course of your working life, then Im afraid your parents were right when they told you to stay in school. And with most university fee repayments only kicking in once you earn over $51,309, its a low risk, high return decision. Some would say a no-brainer. Getting into debt is starting to look like the best thing I ever did. Now what will I spend that extra million on? Ready to start cashing in? Learn while you earn by finding a course that you can study online. The stats show its an investment you wont regret. ResourcesMy first resumeCover letter for my first jobCareer Insider StoriesShelley Lask - Body Positive Health & FitnessInterested in becoming a?Human Resources OfficerGeneral ManagerBusiness ManagerAccountantOffice AdministratorPopular Career Searchescar eer advisor onlineunsw early entrystudy in australia for international studentsyear 10 work experience ideasflexible entry usyd CoursesBachelor of Social WorkEnquire Online Enquire OnlineCertificate III in Health AdministrationEnquire Online Enquire OnlineBachelor of Criminal JusticeEnquire Online Enquire OnlineCertificate III in Allied Health AssistanceEnquire Online Enquire OnlineMarni WilliamsRelated ArticlesBrowse moreEmployment trendsFreelancerAustralias Freelance Revolution (And How To Join It)Freelancing used to be considered something you did in between real jobs, but the portfolio career is growing in popularity and its not just because of the GFC or volatile job markets. Marni investigates why the workforce is more fluid than ever.Master of her own fate 13-year-old begins postgraduate studySushma Verma is about to commence a Master of Microbiology...at just 13 years old.Which jobs will benefit from the carbon taxThe proposed carbon tax is proving controversial on many fro nts, but when it comes to jobs one thing is clear certain sectors will benefit enormously.

11 Cool Jobs Paying Over $100k Hiring Now

11 Cool Jobs Paying Over $100k Hiring Now11 Cool Jobs Paying Over $100k Hiring Now Its not all about money. But if youre logging 40 hurs - or mora - each week of your life at work, you might as well be making major moolah, right? With Glassdoors Salary Estimates , you dont have to waste your time applying to jobs that dont bring home the big bucks. Instead, you can easily spot jobs with high salaries and apply to them. And weve done some of the work for you by finding these 11 cool jobs that pay more than $100,000.Glassdoor Salary Estimate $153,000/yearJob Details As a Software Engineer on the Engineering Infrastructure team at Oculus, youll ensure the delivery of a world-class developer and customer experience by building tools and services to assist with developing, building, testing, releasing, and monitoring the life performance of Oculus software. Youll have the chance to work with many teams (e.g. product development, infrastructure, automation, researc h, production engineering) across Oculus and Facebook. We have the opportunity to leverage Facebooks infrastructure, which allows us to do drive this in a scalable, reliable, and quick manner and provides unique opportunities for career growth. The ideal candidate is a detail-oriented engineer, with a passion for building great software products.Glassdoor Salary Estimate $107,000/yearJob Details This position is critical in delivering to the Co-ops aspirations to get known for experiences. We have a different proposition to offer our customers than we had 80-years ago, and that is amazing ways to engage in the outdoors, in addition to selling the best gear around. From REI Adventures, to our Outdoor School, to Events and New Ventures, this position will lead the development of marketing strategies, plans and execution teams to amplify our experiences voice in the marketplace. This role works with cross-divisional leaders in eCommerce, Retail, Public Affairs, Direct Sales, Outdoor Programs and Outreach and Marketing to deliver an integrated, cross-channel customer experience related to marketing programs and content strategy.Glassdoor Salary Estimate $117,000/yearJob Details As a starting point, this position has the core responsibility to play a programmatic role for the Zero Based budgeting (ZBB) product. This includes working with the Consulting Manager, Center of Expertize (currently based out of India) as well as Bain parteners to deliver the ZBB product in end client engagement. The role would also provide the opportunity to work with the BCN head and Practice/Product Leader to design the optimal approach to ZBB product delivery by leveraging the appropriate offshore-onsite model. Over time the role has the potential to build up to lead multiple product delivery teams for one or more high growth areas for the firm.Glassdoor Salary Estimate $134,000/yearJob Details Hilton is looking for a Lead Architect to be a part of the Corporate System Build team . As the Lead Architect, you will be a critically important technical resource deployed within the context of business technology solution delivery projects to ensure the overall stability and performance of our world-class websites. You will also drive internal and external technology experts and vendors in deep-dive architecture reviews, as well as make technical development and design decisions to ensure the optimal outcome.Glassdoor Salary Estimate $125,000/yearJob Details As businesses discover the power of Apple computers and mobile devices, its your job- as a Solutions Engineer- to show them how to introduce these products into their workplaces. You collaborate with customers to create unique and elegantly simple technical solutions. Youre also part of a dynamic team at the Apple Store thats passionate about delivering smart solutions to business users. You challenge yourself to keep building your technical knowledge and professional skills. And you truly understand how App le technology can work in any environment.Glassdoor Salary Estimate $132,000/yearJob Details The Systems Engineering and Architecture team is seeking systems architect to work alongside our elite engineers to build a world-class video entertainment system. Successful candidates yearn to dig in to understand problems and then propose solutions. Above all, the role requires someone with the drive to learn new things and always go above and beyond what is required.Glassdoor Salary Estimate $134,000/yearJob Details You will be responsible for contributing to and helping guide the future of our systems that hold petabytes of data, serve millions of queries per second, and are used by hundreds of millions of Twitter users as they connect, explore, and interact with information and one another. You will develop highly-performant algorithms and data structures, solve complex distributed systems problems, and envision and innovate the next solutions that will bolster the foundation of St orage and Messaging infrastructure.Glassdoor Salary Estimate $129,000/yearJob Details You will be part of a blended cross-functional team and tackle all aspects of the design process. You will be passionate and focused, creatively solving complex problems from a diverse set of perspectives, contexts and research inputs, while applying their own informed views and taste. Charged with helping lead client engagements and guiding other members of their design team, you will define and drive the design process moving from insights to ideas, threading design and business thinking together to deliver inventive, durable and thoughtful, solutions from concept to launch.Glassdoor Salary Estimate $137,000/yearJob Details We are adding the role of Senior Product Manager, Intelligent Knowledge Platform to our KMC team in reservierung to build and drive a new product management team dedicated to developing a completely new and innovative, machine learning based intelligence platform at BCG. I n this role, you will be on the leading edge of key knowledge, collaboration and data driven technologies.Glassdoor Salary Estimate $120,000/yearJob Details Amazon is looking for a Technical Program Manager to join the OpsTech IT Development team. We are looking for a passionate, hard-working, and talented Technical Program Manager who wants to build innovative, mission critical, scalable tools and applications to enable our IT Support Engineers to resolve issues more efficiently. As a member of the team you will work among world-class people in a fast-paced environment with the entrepreneurial feel of a start-up. This is an opportunity to help us design and build systems that will enable a high level of support on a massive scale. Youll be surrounded by people who are wickedly smart and believe that world class service is critical to customer happiness.Glassdoor Salary Estimate $111,000/yearJob Details Nike, Inc. Technology is responsible for making the worlds largest sport bra nd run faster, smarter and more securely. From infrastructure to security and supply chain operations, Technology specialists drive growth through top-flight hardware, software and enterprise applications. Global Technology aggressively innovates solutions to drive growth while creating and implementing tools that help make everything else in the company possible.