Please check out this fantastic article by with our president, Matt Warzel, as a contributor – π™·πš˜πš  𝚝𝚘 𝚐𝚎𝚝 𝚝𝚘 πšœπš’πš‘ πšπš’πšπšžπš›πšŽπšœ: 𝟹𝟢 πš“πš˜πš‹πšœ 𝚒𝚘𝚞 πšŒπšŠπš— πš™πšžπš›πšœπšžπšŽ πš πš’πšπš‘ πš˜πš› πš πš’πšπš‘πš˜πšžπš 𝚊 πšπšŽπšπš›πšŽπšŽ

πŸ‘©β€πŸΌ I was fortunate enough to be featured in a Wealthy Single Mommy article about π™·πš˜πš  𝚝𝚘 𝚐𝚎𝚝 𝚝𝚘 πšœπš’πš‘ πšπš’πšπšžπš›πšŽπšœ: 𝟹𝟢 πš“πš˜πš‹πšœ 𝚒𝚘𝚞 πšŒπšŠπš— πš™πšžπš›πšœπšžπšŽ πš πš’πšπš‘ πš˜πš› πš πš’πšπš‘πš˜πšžπš 𝚊 πšπšŽπšπš›πšŽπšŽ

πŸ’°According to research from career site Zippia, only 18% of people in the United StatesΒ earn $100,000 per year or more.

However, you don’t need to have a doctorate or even a college education to get one of these high-paying jobs.

In this post, we’ll show you:

π˜”π˜Ί 𝘡𝘒𝘬𝘦?

How to make $100,000 a year

Matthew Warzel, a Certified Professional Resume Writer (CPRW) and president of MJW Careers3, is a former recruiter for Fortune 500 companies like GM and Ford. He offers this advice for people who want to make six figures or more:

1. Research industries and jobs that pay well

Warzel says if you want a high-paying job, you should research in-demand careers and salaries on sites like:

  • Glassdoor
  • Payscale
  • Linkedin Salary
  • U.S. Bureau of Labor Statistics

According to jobs site Indeed4, these are six of the highest-paying industries:

  • Health care
  • Engineering
  • Information technology
  • Finance
  • Mining, resources, and energy
  • Legal

2. Pursue new certifications

CertificationsΒ serve as proof to employers that you have specialized knowledge and skills in a field or industry, which can help you land a job and increase your earning potential.

However, Warzel cautions that you should carefully research:

  • Need/demand for certification in your industry
  • Cost of certification and potential return on investment
  • Credibility of the certifying organization

He suggests reaching out to professionals in your chosen field to gain insight into the value of the certification and its impact on hiring.

β€œPursuing a certification that isn’t recognized by employers or is oversaturated in the job market may not yield the desired results,” he says.

These are some fields that offer certifications:

3. Learn how to negotiate your salary

Warzel says you should wait to negotiate your salary until you’ve received a formal job offer.

However, you should prepare in advance. Here are some tips to help you be successful:

Research salary data for the job you’ve been offered.Β Warzel recommends job seekers do their research on industry standards, company culture, and the value they bring to the organization to determine a salary range that’s appropriate.

Decide on a salary range rather than a single number.Β When the time comes to negotiate, Warzel says it is generally better to offer a salary range rather than a single number. He says this allows for more flexibility in the negotiation process and acknowledges the fact that there may be room for negotiation.

Rehearse how you will present the salary information.Β Quote your desired salary range and present supporting facts from your salary data research to back up your numbers. Warzel says that you should also focus on highlighting your skills, experienceΒ  and unique value proposition to the company. Being confident, respectful, and open to compromise can also help increase your chances of a successful negotiation.

Stay upbeat and confident.Β Confidence is key when negotiating salary. If you seem unsure about your worth, the hiring manager will be, too. Warzel says employers may not make their best salary offer to begin with, so don’t be afraid to ask for more than is initially offered.

β€œHowever, be respectful and professional in your negotiation, and avoid being confrontational or demanding,” he says.

Consider compensation beyond salary.Β If the salary you’re offered after negotiating isn’t quite what you were hoping, consider other negotiating points. Warzel says you can negotiate bonuses, stock options, or extra vacation days as a way to increase the value of the job offer.

Be prepared to walk away.Β If your goal is to earn six figures, a salary offer that’s not even in the ballpark will delay your progress. As long as you’ve researched your worth and the reality of making six figures in your role, there’s no reason you should settle for less. Be persistent, but walk away if it’s clear you’ve reached the end of the negotiations.

Learn more aboutΒ how to ask for a raise.

4. Seek to have multiple streams of income or side hustles

Earning six figures might require multiple streams of income. If you have time in your schedule, you can start aΒ side hustle, rather than just relying on your full-time job to get there.

In 2022, Lending Tree5Β conducted a survey of consumers with side hustles and found that parents with kids younger than 18 earn an average of $533 per month (or $6,396 annually) from their side gigs.

Warzel says that side hustles and additional income streams can be a great way to supplement a full-time job and increase earning potential. But he cautions that you should carefully manage your time and prioritize your responsibilities so that the side hustle does not interfere with your regular job performance or personal life.

He also recommends exploring opportunities to earn passive income, such as investing in stocks or rental properties.

Here are some additional supplemental streams of income and side hustles to consider:

  • Rent out your car through an app like HyreCar or
  • Rent your driveway or garage on Neighbor
  • Pet sit or house sit using sites like Rover andΒ
  • Resell itemsΒ on Amazon, eBay andΒ Poshmark, or a site likeΒ Craigslist
  • Offer online freelancing services, including writing resumes, proofreading, and building websites
  • Tutor online

5. Build your personal brand

β€œBy building a strong personal brand,” Warzel says, β€œyou can establish yourself as a valuable and credible professional in your field and increase your chances of reaching your salary goals.”

These are Warzel’s recommendations for successfully building your personal brand:

Be clear about your unique value proposition.Β Warzel says to ask yourself what sets you apart from others in your field and what unique skills, experiences, or perspectivesΒ  you bring to the table.

β€œKnowing your unique value proposition can help you communicate your strengths and stand out in a crowded job market,” he says.

Create a professional website or portfolio. Warzel says that creating a website or portfolio to showcase your work and accomplishments can be a great way to demonstrate your expertise while building your personal brand.

Use social media strategically.Β Warzel recommends using social media to engage with your target audience, share relevant content, and demonstrate your expertise, which will all help you build credibility and establish yourself as a thought leader in your field.

Seek out opportunities to speak or write about your area of expertise.Β β€œSpeaking at conferences, writing articles or blog posts, or appearing as a guest on podcasts or webinars can be great ways to demonstrate your expertise and build your personal brand,” Warzel says.

Be consistent in your messaging and branding.Β Your messaging, visual branding, and online presence should all align with the personal brand you want to create.

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