Buy

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Everyone knows high mortgage rates have been a total drag lately, especially for prospective home buyers facing extremely high asking prices.

But what if I told you that nearly half of those who purchased a home recently still got an interest rate below 5%?

Sounds pretty unlikely, given the fact that the 30-year fixed is back over 7%, and never went lower than 6% for the duration of 2024.

However, that didn’t stop 45% of “mortgage buyers” (non-cash buyers) from obtaining a sub-5% mortgage rate, per a new survey from Zillow.

As for how, the most common reason cited was special financing offered by the seller or home builder.

Special Mortgage Rates from Home Builders

One of the most common ways to get a below-market mortgage rate has been via the home builders.

They often operate in-house mortgage companies to ensure their customers make it to the finish line.

And thanks to a financing tool call “forward commitments,” they’re able to offer super low mortgage rates to the customers who use their captive lender.

Those commitments involve buying low mortgage rates in bulk, ahead of time, and then deploying the low rates to customers who buy properties in select communities.

While some only offer temporary rate buydowns, lately many have offered permanent rate buydowns for the full 30-year loan term.

This probably sounds pretty sweet, but keep in mind you need to buy a newly-built home to get your hands on a special rate.

Some have argued that the discount is built into a higher sales price, so proceed with caution.

Also read my piece on using the home builder’s mortgage lender for more on that.

For the record, individual home sellers can offer sales concessions that can be used to buy down the mortgage rate too.

And together with builder buydowns, that was the most commonly cited reason for a low rate at 35%.

Another 26% said their offer was contingent on a rate buydown from the seller/builder. So more than half of the low rates came from these arrangements alone.

Buying Points to Lower Your Rate

The third most common reason a recent home buyer was able to get a low mortgage rate was due to paying discount points (at 23%).

If you have the available funds, it’s always an option to buy down your rate by paying some money upfront.

This is a form of prepaid interest where you pay today for savings tomorrow. The key though is keeping the loan long enough to experience the savings.

The problem with this is if mortgage rates happen to go even lower before the breakeven point (when the points become profitable), it disincentivizes a rate and term refinance.

Or if you happen to sell the property too soon, same thing. In contrast, temporary buydowns don’t result in lost funds.

If you sell/refinance soon after a temp buydown, the leftover funds are typically applied to the outstanding loan balance.

Long story short, there’s risk when buying points in that you’ll leave money on the table.

The same could be said of temporary buydowns in that mortgage rates might not be lower when the rate reverts to the higher note rate.

A lot of folks have bought the house and dated the rate, assuming the mortgage rates would come down. So far they haven’t.

Got a Mortgage from a Friend or Family Member

Another 23% of buyers said they got a low rate because they borrowed from a friend or family member.

This is pretty surprising to me seeing that it’s such a large share of the population. I can’t imagine that many home buyers getting special financing from mom and dad or someone else.

But per Zillow’s study, this is what the numbers indicate. For me, it’s pretty rare to use intrafamily financing, but it definitely is a thing, especially with rates so much higher today.

An example would be your parents offering to finance your home purchase with a special low rate from the Bank of Mom and Dad, perhaps at a cool 3.99%!

If you’re so lucky, great. But for most this sadly isn’t a reality.

Another common reason folks got a sub-5% mortgage rate was by refinancing after they bought the home.

They must have nailed the timing (and paid points) because rates never officially went below 6% this year.

Lastly, sub-5% mortgage rates were associated with adjustable-rate mortgages, homebuyer assistance, and shorter loans terms, such as the 15-year fixed.

Of course, if it’s not a 30-year fixed, sub-5% doesn’t have quite the same meaning or value.

Still, it’s impressive to see that nearly half of home buyers got creative and found a way to overcome the mortgage rate hurdle.

Problem is there’s still the high home price to contend with, and little way around that at the moment.

The Zillow Consumer Housing Trends Report 2024 study involved 18,500 successful home buyers and was fielded between March and September 2024.

Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
Latest posts by Colin Robertson (see all)

Source: thetruthaboutmortgage.com

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Are you looking for the best jobs that pay $100,000 a year? Many people dream of making a six-figure salary and making more money. A job that pays $100,000 or more can help you reach your financial goals. It can let you save for the future, pay off debts, or enjoy a comfortable lifestyle. Jobs…

Are you looking for the best jobs that pay $100,000 a year?

Many people dream of making a six-figure salary and making more money. A job that pays $100,000 or more can help you reach your financial goals. It can let you save for the future, pay off debts, or enjoy a comfortable lifestyle.

Jobs that pay $100,000 or more many times need a college degree. But some high-paying jobs only need training.

Best Jobs That Pay $100,000 a Year

Below are the best jobs that pay $100,000 a year.

Recommended reading: 26 High Paying Jobs With No Experience Required

1. Software developer

Software developers are in high demand. They create computer programs and apps that we use every day. This job many times pays over $100,000 a year.

You don’t always need a college degree to become a software developer. Many learn through coding boot camps or teach themselves. The most important thing is having strong programming skills.

This job lets you be creative and solve problems, and you’ll usually work with a team of other developers. Many companies may allow you to work from home (I know a few software developers and they all work from home), and sometimes you may even have flexible hours.

2. Pharmacist

Pharmacists give out medicines and help patients understand how to use them safely. They also check for drug interactions and answer questions about medications.

To become a pharmacist, you’ll need to go to school, and you’ll need a degree called a doctor of pharmacy. It usually takes about 5 to 6 years after high school.

The hard work pays off, though, as pharmacists make over $100,000.

You can work in different places as a pharmacist. Many work in drugstores or grocery stores, and others work in hospitals or clinics.

3. Airline pilot

Many pilots earn over $100,000 a year, especially those who work for major airlines.

As a commercial pilot, you’ll fly passengers and cargo to destinations around the world. You’ll need special training and licenses to do this job. It takes hard work, but the pay can be great!

New pilots usually start at smaller airlines and they may earn less money at first. But as you gain experience, you can move up to bigger airlines that pay more. Some experienced pilots at major airlines can make $200,000 or even $300,000 or more a year!

The job comes with other perks too. You might get free or cheap flights for you and your family. Plus, you’ll get to travel and see new places as part of your work.

4. Blogger

Blogging is what I do, and I make well over $100,000 per year. There have even been many months where I have earned over $100,000 in a single month.

As a blogger, you can write about topics you’re passionate about, whether it’s personal finance, travel, cooking, lifestyle, or something else, while also helping others by sharing useful information.

Making a six-figure income as a blogger typically involves multiple income streams, such as affiliate marketing, sponsored content, ad revenue, and selling digital products or courses (I do all of these to make money on my blog). It takes time and effort to build an audience and establish trust with readers, but once your blog grows, the opportunities are pretty much endless.

The best part is that you don’t need any specific degree to get started – just a willingness to learn, a knack for writing, and a strong work ethic.

You’ll also enjoy flexibility in your schedule and the potential to work from anywhere. Many successful bloggers, including myself, have turned their blogs into full-time, money-making careers.

You can learn more at How To Start A Blog FREE Course and join over 80,000 people who have already taken the course. Want to see how I built a $5,000,000 blog? In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.

5. Nurse practitioner

Nurse practitioners are in high demand and earn great salaries. You can make over $100,000 a year in this role.

To become a nurse practitioner, you’ll need extra schooling after becoming a registered nurse. You’ll need a master’s degree or doctoral nursing degree, as well as pass an exam.

This career lets you care for patients and work in different settings. You might work in hospitals, clinics, or private offices. Some nurse practitioners even run their own practices (many states allow for this).

6. Marketing manager

Marketing managers are in high demand because they help companies (such as in tech, retail, travel, and more) promote products and services to customers. This job can pay $100,000 or more per year.

As a marketing manager, you’d create plans (such as a marketing campaign) to reach target audiences. You might use social media, ads, and other ways to spread the word about a company.

They work with teams to come up with new ideas, and this could include making videos, writing content, or planning events. They also look at data to see what’s working and what’s not.

7. Art director

Art directors can make good money while pursuing their love of art. They get to shape the look of projects. This could be for ads, magazines, movies, or TV shows, and they make big decisions about colors, styles, and layouts.

The pay for art directors is great and many earn over $100,000 a year.

To become an art director, you need a mix of skills. You should be good at art and design. But you also need leadership abilities, as art directors guide teams of artists and designers.

Most art directors have a bachelor’s degree in art or design and many start in lower-level creative jobs first. They work their way up to director roles.

8. Physicians and surgeons

Physicians are among the highest-paid professionals in the medical field. They diagnose and treat illnesses, injuries, and other health problems.

To become a physician, you need to complete medical school and a residency program, and this takes many years of study and hard work.

The average salary for physicians is well over $100,000 per year. Some specialists can earn much more, even over $500,000 or higher.

As a physician, you can choose from many different specialties. These include family medicine, pediatrics, surgery, and more.

Physicians usually work long hours, many times including nights and weekends. But many find the job very rewarding because they help people every day.

Recommended reading: 30 Best Jobs That Help People

9. Copywriter

Are you good with words? Do you love writing? A copywriter job might be perfect for you! Copywriters create content for websites, ads, and more.

Copywriters can make $100,000 or more per year. I personally know many copywriters who make a great income.

Many companies need copywriters. You could work for big businesses, small shops, or even yourself. There are lots of options.

To be a great copywriter, you need to be creative and you also need to understand what makes people want to buy things.

You don’t always need a college degree to be a copywriter. But you do need to be a really good writer.

10. Real estate agent

Real estate agents can make $100,000 a year or more. This job lets you help people buy and sell homes.

You need a license to become an agent. Getting one takes some study and passing a test. Once you have it, you can start working with clients.

Your pay depends on how many homes you sell. Most agents earn a percentage of each sale, so the more expensive the house, the more money you can make.

11. Health services manager

Health services managers play a key role in running healthcare facilities. They oversee daily operations, manage budgets, create work schedules, make sure patients get good care, and more.

To become a health services manager, you’ll need a bachelor’s degree, and many employers prefer a master’s degree in health administration or a related field.

This job is in high demand. As the population ages, more healthcare services are needed. This means more jobs for health services managers.

12. Business operations manager

Business operations managers are in charge of how a company works day-to-day. They make sure everything runs smoothly and this includes things like managing people, money, and resources.

You’d need to be good at solving problems and making decisions. Being organized is also very important.

13. Economist

Economists study how people and businesses use resources. They look at things like money, goods, and services, and they try to understand and predict economic trends.

Economists use math and statistics a lot and need strong problem-solving skills. They might work for the government, banks, or big companies.

To become an economist, you’ll need at least a bachelor’s degree. Many jobs ask for a master’s degree or even a Ph.D.

14. Mathematician

Mathematicians use numbers and formulas to solve complex problems. They work in many fields like science, engineering, and finance.

Many mathematicians work in research roles at universities or government labs. Some find jobs in private industries like tech or insurance companies.

To become a mathematician, you usually need at least a master’s degree in math. Some jobs might require a Ph.D.

15. Architect

Architects design buildings and spaces that shape our world. They might create homes, offices, schools, or even entire cities. It’s a job that mixes art and science.

As an architect, you’ll use your creativity to draw plans and make models. You’ll work with clients to understand their needs and turn their ideas into reality. Math and physics skills are important too, as you need to make sure buildings are safe and strong.

16. Real estate entrepreneur

Real estate entrepreneurs buy, sell, and manage properties to make money. They look for good deals on houses, apartments, commercial buildings, or land.

You can start small with just one property. As you learn, you can grow your business and own more places.

Real estate investors sometimes even fix up old buildings. They make them look nice so they can sell them for more money (this is called flipping).

Some entrepreneurs rent out their properties. They become landlords and collect money from tenants each month.

Recommended reading: 23 Best Real Estate Side Hustles To Make Extra Money

17. Chiropractor

Chiropractors can make a great salary while helping people feel better.

They focus on treating problems with bones, muscles, and joints, and use their hands to adjust patients’ spines and other parts of their bodies.

To become a chiropractor, you need to go to school for several years after college. You’ll learn about the human body and how to treat different issues without surgery or medicine.

Many people visit chiropractors for back pain, neck pain, or headaches. You’d work with patients of all ages, from kids to older adults.

18. Sales manager

Sales managers lead teams of salespeople to meet company goals. You might enjoy this job if you like working with others and hitting targets.

As a sales manager, you’ll set sales goals, train new staff, and track performance. You’ll also work with other departments to create sales plans.

Also, you don’t need to be a sales manager to make over $100,000 each year – there are many sales jobs where you can make good money and not have to manage anyone.

19. Construction manager

Construction managers are in high demand (because construction is booming all over!), and they oversee building construction projects from start to finish. This job can pay over $100,000 a year for top earners.

This job needs good leadership skills as they are in charge of workers, budgets, and schedules. Their job is to make sure everything runs smoothly.

Most construction managers have a bachelor’s degree. You might study construction science, engineering, or business. Some people work their way up from other construction jobs too.

20. IT manager

IT (information technology) managers play an important role in companies, especially nowadays, with nearly all companies using a computer in some way. IT managers oversee computer systems and IT teams. This job typically pays over $100,000 a year.

You’ll need strong tech skills and leadership abilities. IT managers plan projects, set budgets, and manage staff. They also make sure systems run smoothly and stay secure.

To become an IT manager, you typically need a bachelor’s degree in computer science or a related field. Some companies may prefer a master’s degree. Work experience in IT is also very important.

21. Dentist

As a dentist, you can earn well over $100,000 a year by helping people take care of their teeth.

Dentists do many things, such as clean teeth, fill cavities, and fix broken teeth.

To become a dentist, you need to go to dental school after college. It takes about 8 years of school in total – 4 years of undergraduate school and 4 years of dental school.

22. Veterinarian

Vets take care of sick and injured animals, giving them medicine and performing surgeries.

Becoming a vet takes a lot of school (a minimum of 8 years of schooling – 4 years in undergraduate, 4 in veterinary school, and time spent in clinical training), but it can pay off. Many vets earn over $100,000 a year.

Vets don’t just work in animal clinics. They can find jobs in zoos, farms, or research labs.

23. Sell printables

Want to make $100,000 a year? Try selling printables!

Printables are digital designs that people can buy and print at home. You can create all sorts of printables, such as planners, wall art, gift tags, cards, or even party decorations.

The best part? You only need to make each design once. Then you can sell it over and over again.

You can learn more at How I Make Money Selling Printables On Etsy.

Do you want to make money selling printables online? This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.

24. Occupational therapist

If you’re looking for a rewarding career that can pay well, becoming an occupational therapist might be a great choice. This job helps people overcome physical and mental challenges to live better lives.

Occupational therapists work with kids, adults, or older people who have injuries, illnesses, or disabilities.

To become an occupational therapist, you’ll need a master’s degree and you’ll also have to get a license to practice.

25. Lawyer

You can earn a good living as a lawyer and this is typically one of the highest-paying jobs in the workforce. Many lawyers make $100,000 or more per year. The highest-paid lawyers can even make well over $200,000 annually.

Lawyers give legal advice, represent clients, and work on different types of cases. These could include criminal law, family law, or business law.

To become a lawyer, you need to go to law school after college, as well as pass the bar exam.

26. HR manager

Human resources managers play a very important role in companies. They handle hiring, employee relations, and workplace policies. Many HR manager jobs pay $100,000 or more per year.

To become an HR manager, you usually need a bachelor’s degree in human resources or a related field. Some jobs may ask for a master’s degree. Experience in HR is also important.

27. Speech-language pathologist

Speech-language pathology might be perfect for you if you are looking for a job that pays well and also helps people. This career lets you work with people of all ages who have trouble speaking or swallowing.

This job is in high demand and you can find work in schools, hospitals, or private clinics. Some speech-language pathologists even work for themselves.

To become one, you’ll need to go to college and get a master’s degree. You’ll also need a license to work.

28. Personal financial advisor

Personal financial advisors help people manage their money and plan for the future. They can make around $100,000 or more a year.

As an advisor, you’d work with clients to set financial goals. You might help them save for retirement, buy a house, or pay for their kids’ college. You might also give advice on investments, insurance, and taxes.

29. Bookkeeper

Bookkeepers keep track of financial records for businesses, record income and expenses, manage payroll, and create financial reports.

To become a bookkeeper, you usually need a high school diploma or equivalent. Some employers might prefer a bachelor’s degree in accounting or a related field.

I have a few friends who provide monthly bookkeeping services to small businesses, and they all really like what they do. Plus, you don’t need a college degree to get started (only one of them has an accounting degree – most do not!) – so this is something you can learn.

You can learn more at Online Bookkeeping Jobs: Learn How To Get Started Today.

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This free training will teach you what you need to know to become a virtual bookkeeper and make money from home.

30. Professor

Teaching professors can earn $100,000 or more per year. This job combines a love for education with the chance to make good money.

You’ll need advanced degrees to become a teaching professor as most schools want you to have a Ph.D. in your field. Some might accept a master’s degree for certain subjects.

Your main job is to teach college students. You’ll create lesson plans, give lectures, and grade assignments.

Many teaching professors work at universities. But you can also find jobs at community colleges or online schools. Some professors teach both in-person and online classes.

31. Chief executive officer

As a CEO, you can earn over $100,000 a year and some earn millions of dollars each year.

CEOs lead companies and make important decisions. They set goals, manage teams, and work with other executives. It’s a fast-paced role that requires strong leadership skills.

To become a CEO, you’ll need lots of experience. Most start in lower roles and work their way up. A business degree can help, but it’s not always required.

32. Engineer

Engineers are some of the highest-paid professionals in the job market today. Many engineering jobs pay salaries well over $100,000 per year, so this makes it an attractive career path for those seeking financial stability.

There are many different types of engineers, such as:

  • Civil engineer – They design and supervise the construction of infrastructure projects like roads, bridges, and buildings.
  • Mechanical engineer – They work on designing, developing, and maintaining mechanical systems, from engines to manufacturing equipment.
  • Electrical engineer – They focus on electrical systems, including power generation, wiring, and electronics.
  • Software engineer – They create and maintain software applications and systems for computers and other devices.
  • Aerospace engineer – They design aircraft, spacecraft, and satellites, working on systems for flight and space exploration.
  • Chemical engineer – They apply chemistry to solve problems in manufacturing, healthcare, and energy, usually working with chemicals, fuels, and drugs.
  • Environmental engineer – They develop solutions to environmental problems, such as pollution control and waste management.

To become an engineer, you’ll need a strong background in math and science. Most engineering jobs require at least a bachelor’s degree in a related field.

Frequently Asked Questions

Below are answers to common questions about the best jobs that pay $100,000 a year.

Is earning $100,000 every year considered to be a good salary?

Yes, $100,000 is a good salary for most people. It’s more than double the average U.S. income. This amount can give you a comfortable life in many places. Of course, in some areas, $100,000 may not seem like enough. So, a lot depends on where you live.

What jobs pay around $100K a year?

Many jobs can pay $100K or more. Some top choices are software developer, pharmacist, airline pilot, and nurse practitioner. These jobs need special training or a degree but they can lead to high pay and good job security.

What is the easiest job that pays $100K a year?

There’s no truly “easy” job that pays $100K. All high-paying jobs need hard work and skills. But some may feel easier if you enjoy them. For example, if you love writing, being a successful blogger could be a good fit.

What are the best jobs that pay $100,000 a year without a degree?

You can earn $100K without a college degree in some jobs such as real estate agent, sales manager, blogger, and pilot. These jobs usually need special training, apprenticeships, or certifications instead of a degree. There are also jobs that I didn’t talk about in the list above that can make over $100,000 a year without a degree such as working as a firefighter, in law enforcement, as a plumber, and more.

What are $100K jobs that no one wants?

Some high-paying jobs are less popular due to stress or tough conditions. Examples include underwater welder, oil rig worker, and coal miner. These jobs can pay well but may have health risks or unpleasant working conditions.

What are some jobs that pay over $200K a year?

Jobs that can pay over $200K many times need lots of education and experience. Some examples are surgeon, investment banker, CEO, and lawyer. These jobs usually need many years of school and work to reach top pay levels.

What are some jobs that pay $100K a month?

Jobs that pay $100K per month ($1.2 million per year) are more rare. They might include top athletes, famous actors or musicians, successful business owners, and high-level executives at big companies. These jobs are hard to get and often involve fame or running large businesses.

Best Jobs That Pay $100,000 a Year – Summary

I hope you enjoyed my article on the best jobs that pay $100K a year.

Finding a job that pays $100,000 or more can open doors to financial security and a better quality of life. Whether you’re interested in healthcare, technology, or even entrepreneurship, there are many options for jobs that pay a high salary.

Some of these careers require advanced degrees, while others only need specialized training or a willingness to learn new skills.

I hope you are able to find the job and career path that you are looking for!

What do you think are the best jobs that pay $100,000 or more each year?

Recommended reading:

Source: makingsenseofcents.com

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The Offer

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The Fine Print

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  • Maximum cash back amount is $3.
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Our Verdict

Just a $3 limit, nice little savings at these gas stations or Lowes Foods.

Hat tip to reader T

Source: doctorofcredit.com

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You know when you’re an extrovert. So does your employer. If your vibrant personality doesn’t feel like a good fit with your current job, you may want to join the 28% of workers who said they’re likely to quit their job in 2024.

We’ve rounded up dozens of fulfilling jobs that pay well and welcome extroverts. Because sometimes, the grass looks greener elsewhere because it really is.

Key Points

•   Extroverts thrive in roles that require frequent interaction, team management, and public recognition.

•   High-paying jobs suited for extroverts include CEO, marketing manager, nurse practitioner, dentist, and financial manager.

•   Due to their outgoing nature, extroverts tend to earn more, benefiting in interviews and performance-based roles.

•   Healthcare, business, technology, and public relations may all offer fulfilling, well-paying opportunities for extroverts.

•   Careers ideal for extroverts involve communication, teamwork, and competitive pay, leading to both personal and financial satisfaction.

Are You an Extrovert?

Extroverts are known for their outgoing personalities that are energized by interactions with other people. They often enjoy the spotlight and seek attention. Employees with this type of personality thrive in roles that would be pure misery for antisocial people.

If this sounds familiar, pat yourself on the back: Being an extrovert often gives candidates a leg up in job hunting. Generally speaking, the job seeking process tends to favor extroverted job seekers, who may come across more natural and comfortable in interviews than more reserved candidates.

money tracker app is the kind of app that keeps any personality type on track. It monitors your credit score, tracks your spending, and helps you set savings goals — for free.

Common Characteristics of Good Extrovert Jobs

The right job can make you feel more fulfilled in and out of the office. Extroverts are wise to look for jobs that offer:

•   Interaction with people

•   Frequent opportunities for communicating or persuading

•   Room for risk-taking

•   Opportunities to work with a larger team

•   Public recognition for good performance

•   Outlets to express positive energy

And don’t miss our roundup of trade jobs that make the most money.

27 Fulfilling Jobs for Extroverts That Pay Well

Here are some ideas of where you can start looking for fulfilling jobs that pay well. Our criteria in highlighting these jobs were frequent interaction with people, opportunity to manage teams, recognition for good performance, and outlets to express positive energy. And high pay doesn’t hurt.

1. Registered Nurse

Average salary: $86,070

Primary duties: Provide patient care and education. Patients and loved ones really appreciate an extrovert’s positive energy and communication skills.

2. Nurse Practitioner

Average salary: $129,480

Primary duties: Diagnoses and treats illnesses in patients. Like doctors, NPs may order prescriptions and procedures to improve the health of a patient.

3. Physical Therapist

Average salary: $99,710

Primary duties: Helps injured people with pain, mobility, fitness, and overall function. Extroverts may enjoy demonstrating exercises and seeing progress in patients.

4. Physician Assistant

Average salary: $130,020

Primary duties: Practices medicine under the supervision of a licensed doctor. May prescribe medication or diagnostic tests.

5. Surgical Technologists

Average salary: $60,370

Primary duties: Assists with surgeries, prepares the operating room, and organizes equipment. Best for an individual who can calmly assist under pressure.

6. Dentist

Average salary: $170,910

Primary duties: Provide preventative dental and surgical care for oral diseases and tooth decay. Sees many patients every day. Great dentists combine precision technique with the ability to reassure nervous patients. Here’s one job where paying off student loans shouldn’t be a problem.

7. Dental Hygienist

Average salary: $87,530

Primary duties: Under the supervision of a dentist, cleans teeth and helps with preventative oral care and education for patients. As with dentists, a positive, reassuring attitude is key.

8. Medical and Health Services Manager

Average salary: $110,680

Primary duties: Directs medical and health services, including hiring staff, creating work schedules, working with finance managers, and developing goals for a department or organization. Managers need strong egos to take charge and get employees to fall in line. (You might also be interested in Is $100,000 a Good Salary?)

9. Sales Representative

Average salary: $73,080

Primary duties: Sells products and services for businesses. High-energy, extroverted individuals often do well getting people to buy whatever they’re selling. Sales reps who work on commission can earn big bucks.

10. Marketing Manager

Average salary: $156,580

Primary duties: Develops a client base for a business, works on the brand image, oversees creation of marketing materials, and performs market research. Manages teams that implement the vision of the company. Positions range from staff jobs on salary vs. hourly pay for freelancers.

11. Industrial Engineer

Average salary: $99,380

Primary duties: Designs systems that integrate people, resources, equipment, and processes for building products or providing services. Engineers tend to be the center of attention while building systems for an organization.

12. Financial Manager

Average salary: $156,100

Primary duties: Responsible for the financial activities of an organization, including financial reporting, investments, and decisions that drive profitability. Managers oversee teams of people and the financial direction of an organization. (The next best thing to a personal financial manager? This spending app.)

13. Human Resources Manager

Average salary: $136,350

Primary duties: Responsible for the management of an organization’s talent recruitment, training, retention, compensation, benefits, and adherence to state and federal employment law. (These folks help determine entry level salaries.) Dynamic personalities in HR help companies attract high-performing employees to an organization.

14. Chief Executive Officer

Average salary: $206,680

Primary duties: Coordinates, directs, and manages the business activities of a company. Responsible for large groups of people and programs. CEO is typically not a job for introverts, though there are high-profile exceptions to that rule.

15. Real Estate Agent

Average salary: $56,620

Primary duties: Assists with the buying and selling of real estate. Advises clients throughout the process, on pricing, marketing, contracts, financing, and negotiation. Charismatic agents can make very competitive pay.

16. Police Officer

Average salary: $74,910

Primary duties: Protects life and property, keeps the peace, interacts with the public, investigates crimes, and files reports. While the starting salary isn’t huge, extras like holiday pay, night-shift differentials, and overtime can push salaries over $100,000. Some departments are even offering signing bonuses.

17. Talent Manager / Agent

Average salary: $123,720

Primary duties: Manages the business interests of artists, performers, and athletes. Works in booking, contract negotiation, and money management. Superior communication and negotiation skills required.

18. Producers and Directors

Average salary: $82,510

Primary duties: Direct the business and creative endeavors of visual productions for television, stage, and film. This is show business, baby!

19. Construction Manager

Average salary: $104,900

Primary duties: Directs construction projects, including timelines, scheduling subcontractors, managing budgets, responding to delays, finding resources, developing relationships, and ensuring work complies with legal requirements.

20. Architect

Average salary: $99,310

Primary duties: Combines structural requirements and client preferences to design beautiful and functional buildings and interior spaces. Works in a team with many other professionals. Bringing a vision to life can be incredibly rewarding for architects.

21. Mechanical Engineer

Average salary: $99,510

Primary duties: Addresses problems through the creation of mechanical and thermal devices. Works in teams to research, design, manufacture, and test tools, machines, and engines.

22. Public Relations Professional

Average salary: $66,750

Primary duties: Create and maintain a positive public image for clients through traditional media networks and social media platforms. Great communicators will perform above expectations in this job.

23. Social Media Specialist

Average salary: $58,190

Primary duties: Learn social platforms and engage followers. Build a brand’s reputation through images and text shared with the public. It’s a job that doesn’t require a college education. It can also be a fulfilling part-time job.

24. Sales Manager

Average salary: $135,160

Primary duties: Direct sales activities for an organization. Develops new markets, trains sales representatives, coordinates distribution of a product or services, and creates goals for the department. Pursuing shared goals and collaborating with many people make this a great job for an extrovert.

25. Sales Engineer

Average salary: $116,950

Primary duties: Sells technical, complex, or scientific products or services to businesses. Persuasive individuals with a technical background are best suited for these roles. Also called software sales or technology sales.

26. Computer Systems Analyst

Average salary: $103,800

Primary duties: Also called systems architects, analysts design computer systems for organizations to help them operate more efficiently.

27. Pilot

Average salary: $171,210

Primary duties: Responsible for the safe operation of aircraft. Files flight plans, communicates with air traffic controllers and monitors weather conditions. May operate helicopters or planes as commercial or private pilots. High-achieving, extroverted personalities can do well. You may also want to read our tips on paying for flight school.

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Recommended: What Is The Difference Between Transunion and Equifax?

The Takeaway

Extroverts can do any job they set their mind to, but the most fulfilling jobs for extroverts are the ones where their work can be seen and appreciated by others. Extroverts gravitate toward careers that demand high performance, often under pressure: medicine, sales, finance, even the C-suite. In exchange, many roles in those fields offer competitive pay.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

What job is best for extroverts?

While there’s no one job that is best for everyone, extroverts tend to find jobs that harness their drive to perform and their superior people skills most fulfilling.

Do extroverts make more money than introverts?

Extroverts tend to make more money than their introverted peers, though introverts and extroverts are both positioned to be successful leaders in their fields.

Can part-time jobs be fulfilling?

Part-time jobs can be fulfilling. They may also allow you extra time to yourself. To find a fulfilling part-time job, search websites where this is a primary feature, such as Indeed.com.

Do fulfilling jobs ever pay well?

Fulfilling jobs can pay well. If you don’t want to sacrifice your financial well-being to enjoy a rewarding occupation, pay attention to salary reports from the Bureau of Labor Statistics. They can reveal where high-paying jobs and industries are.

Photo credit: iStock/andresr

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SORL-Q424-009

Source: sofi.com

Apache is functioning normally

You wake up to find no running water in your house. Pressure from a tree root has collapsed the line between your home and the city’s water main — and because the broken pipe is on your property, you’re on the hook for repairs.

If you want to protect your finances from this type of scenario, consider adding service line coverage to your homeowners insurance policy.

What is service line coverage?

Service line coverage is an optional type of insurance that can pay for repairs to underground utility lines on your property. Depending on your insurer, service line coverage may pay for damage due to:

  • Wear and tear.

  • Root invasion from trees and plants.

  • Mechanical or electrical failure.

  • Blockage, bursting or collapse.

  • Rust or corrosion.

  • Disconnection.

  • Excavation.

  • Rodents or other animals.

Service line coverage often comes with a deductible — the amount of a claim you’ll have to pay. Here’s an example of how it might work:

Say a heavy truck parks on your lawn to unload supplies for a new deck, accidentally crushing an underground sewer line. Replacing it will cost $3,000. After subtracting your $500 deductible, your insurance company would pay the remaining $2,500.

What does service line coverage include?

Service line coverage can pay to repair damage to the following types of underground utility lines on your property:

  • Water, sewer or steam.

  • Telephone or cable.

Your coverage could pay for services like excavation, replacing damaged piping and restoring landscaping that was disturbed during repairs. If your home is uninhabitable, your policy could also cover the cost of staying in a hotel for a few days.

Some insurance companies may offer a little extra coverage to replace your old service line with more efficient or eco-friendly technology.

What’s not covered?

Service line coverage generally won’t pay to repair utility lines located above ground. And because the coverage is designed for utility lines that link your home to a municipal or commercial service, it may not cover damage to water wells, septic systems or liquid fuel tanks.

🤓Nerdy Tip

Read your policy carefully, as exclusions vary from one insurance company to another. If you have questions, reach out to your agent.

How much does service line coverage cost?

The cost of service line coverage depends on where you live and how much coverage you want. A typical range is $20 to $50 per year, but we saw one company advertising rates as low as $9 per year for newer homes.

Is service line coverage worth it?

Service line coverage isn’t mandatory, so it’s your choice whether you add it to your policy. Keep in mind that utility line repairs could cost thousands of dollars, depending on the severity of the problem. For example, replacing a sewer line costs about $3,200 on average, according to Angi, a home services company.

You might want to consider buying service line coverage if:

  • You live in an older home with aging utility lines.

  • Your property has large trees with roots that could encroach on underground pipes.

  • Paying a little more for extra coverage gives you peace of mind.

Service line coverage may be less useful to you if:

  • Your home is new.

  • You live in a rural area without connections to many municipal utilities.

  • You’d feel comfortable covering an unexpected expense if something happened to one of your utility lines.

Alternatives to service line coverage from your home insurer

You may be able to buy service line insurance through your utility company or the city where you live. Home warranty companies such as Service Line Warranties of America and HomeServe may also offer coverage in your area for service lines.

Look carefully at the terms and cost of each plan before you buy one. You may find that they’re more expensive than the coverage your homeowners insurer can offer for potentially less coverage.

For example, the Service Line Protection Program from the New York City Department of Environmental Protection costs nearly $85 per year for water line coverage and $143 per year for sewer line coverage. That’s a total of $228 for two utility lines. Your home insurer might offer coverage for other service lines, too (such as electric and cable lines) for a lower price.

Which companies offer service line coverage?

Many home insurers offer service line coverage as an add-on, including:

Source: nerdwallet.com

Apache is functioning normally

Seems pretty clear now that it doesn’t matter what economic data shows up between now and next week.

Mortgage rates aren’t going to improve by any significant margin this week or until after the election.

Unfortunate for those who need to lock their rate and/or close this week. And the past month for that matter.

Lenders are essentially in a holding pattern and continuing to price defensively until at least next Wednesday. Likely longer…

Simply put, the outcome of the election matters more than the data right now.

Biggest Presidential Election in Years

We all know next week’s presidential election is a big one. One of the bigger ones in years. Aside from it being very contentious, a lot is at stake regarding the direction of the economy.

Thus far, the markets have priced in a Trump victory, at least in a defensive type of way.

Without getting political here (I never have any interest in doing that), it doesn’t appear that either candidate winning is helping 10-year bond yields at the moment.

The best way to track mortgage rates is via the 10-year bond yield, which works well historically because 30-year fixed mortgages often last about a decade too.

Despite being offered for 30 years, most are paid off earlier due to a refinance or a home sale.

Lately, the 10-year yield has climbed higher and higher, with most market pundits pointing to increased government spending as the culprit.

Long story short, with more government spending expected, any way you slice it, yields have gone up. Investors want to be compensated when they buy government debt (bonds).

But one could argue that this was already known several months ago, when yields were closer to 3.50% vs. about 4.35% today. What gives?

Bond Yields Are Higher Because the Worst of Everything Is Baked In

Without getting too technical here, bond yields have basically priced in the worst of everything lately. Just look at the chart above from CNBC.

Whether it’s the election outcome, possible government spending, economic data, it’s all priced in in the worst way possible.

This is why we’ve seen the 10-year yield climb nearly a full percentage point since the Fed cut rates back in mid-September.

And despite a very weak jobs report this morning, the 10-year yield climbed up another ~6 basis points.

Yes, it was a report affected by hurricanes and labor strikes, but on a normal first Friday of the month you’d likely see yields drop and mortgage rates improve given the immense weakness.

That’s not happening this week and it’s no real surprise at this point. As noted, there are bigger things on investors’ minds.

The good news is we should get clarity next week once the votes are tallied and we hopefully have a clear winner.

Of course, if things drag on, that could be bad for bond yields too. Essentially, anything and everything is bad for bond yields, and thus mortgage rates, right now.

[How Do Presidential Elections Affect Mortgage Rates?]

Mortgage Rates Could See a Relief Rally

Now the good news. Because there’s been absolutely no good news for about a month and a half, a major mortgage rate relief rally could be in store.

Similar to any other trend, once it runs out of steam, a reversal could be in store. Think about a stock market selloff. Or a short squeeze.

After a few bad days or weeks in the market, you often see stocks rally. The same could be true for bonds, which have been pummeled for over a month now.

Eventually they get oversold and there is a buying opportunity.

If bonds prices do in fact rally once this election is decided, simply due to finally getting some clarity, bond yields could sink in a hurry.

The defensive trade could unwind and mortgage rates may finally get some relief as well.

It’s never a guarantee, but given that basically everything has worked against mortgage rates for over a month, they could experience a big win as soon as next week.

Of course, economic data will continue to matter. But importantly, it will matter again after basically being kicked aside during election season.

Remember, weak economic data is generally good for mortgage rates, so if unemployment continues to rise, and inflation continues to fall, rates should come down over time as well.

Read on: Mortgage Lenders Take Their Time Lowering Rates

(photo: Paul Sableman)

Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
Latest posts by Colin Robertson (see all)

Source: thetruthaboutmortgage.com

Apache is functioning normally

In some ways, net worth and wealth can be tricky terms to define. To some people, the phrases are synonymous. As others acknowledge, the perception of wealth is influenced by a variety of factors, including where you live, your career, and your age.

Here’s a deep dive into how to calculate individual net worth and some of the factors that may influence our perception of wealth.

Key Points

•   Net worth is calculated by subtracting liabilities from the total value of assets, including real estate and investments.

•   Assets like cash, life insurance, household items, and jewelry contribute to overall wealth.

•   A positive net worth results when assets exceed liabilities, indicating financial health.

•   Lifestyle creep can hinder wealth accumulation as higher incomes often lead to increased discretionary spending.

•   Middle-income families earn between $56,600 and $169,800 annually, defining economic classes.

How to Calculate Individual Net Worth

An individual’s net worth is the value of all of their combined assets minus any liabilities (that is, outstanding debts). If your assets are worth more than your liabilities, you have a positive net worth. If you owe more than you own, your net worth is negative.

Assets you may use as part of your net worth calculation can include:

•  Real estate. Your home, second home, rental property, commercial real estate, or other holdings.

•  Cars and other vehicles. Note that automobiles are typically subject to depreciation in value over time.

•  Investments. Stocks, bonds, mutual funds, and retirement accounts.

•  Cash

•  Life insurance. Use the cash value.

•  Household items. Furniture, silverware, etc.

•  Jewelry. Plus precious gems and metals.

Liabilities are debts such as:

•  Balance remaining on your mortgage

•  Student loans

•  Auto loans

•  Credit card debt

Recommended: Does Net Worth Include Home Equity?

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What Is the Difference Between Net Worth and Income?

Net worth and income don’t necessarily go hand in hand. Income is the money that is reported on a tax return, while a high net worth results from owning valuable assets. High net worth could be a result of careful saving, inheriting money, or hanging onto highly appreciated assets.

For example, let’s say someone bought a house in a once-undesirable neighborhood decades ago. Today, that neighborhood is super popular and the house is worth much more. Even if they don’t sell, the homeowner has increased their net worth without a boost in income. (It can be useful to see how net worth changes by age and location.)

On the other hand, a professional with a high salary who carries a lot of debt could have a relatively low net worth, especially if they also maintain a costly lifestyle. That said, various types of income certainly can have a big impact on how much wealth a person is able to accumulate.

Income is also one way that researchers sort individuals into economic classes, though the income ranges that delineate class can vary from year to year and by research methodology.

What Salary Is Considered a Middle-Class Income?

Pew Research Center defines middle-income Americans as those whose annual size-adjusted income is two-thirds to double the median size-adjusted household income. (Size-adjusted household income refers to the number of people within the household.)

A middle-income family of three earned $56,600 to $169,800 in 2022, the most recent information available from Pew Research.

What Salary Is Considered an Upper-Class Income?

Upper-income individuals earn more than double the median size-adjusted household income. This means a family of three may earn more than $169,800.

Wondering how your income compares? It can be helpful to look at the median income for a three-person household in each income tier.

Income Tier Median Income in 2022
Upper Income $256,920
Middle Income $106,092
Lower Income $35,318

Source: Pew Research Center

Why Wealth Is Relative Person to Person

The definition of “wealthy” differs depending on a person’s background, geography, and age. Consider a law student who earns very little money each year and carries hundreds of thousands in student debt. While their current wealth may be low, their potential future earnings may be quite high, and could catapult them into the wealthiest classes.

Consider, too, that where you live has a big impact on how far your wealth will stretch. A middle-income earner in an expensive city like San Francisco or New York may find it more difficult to make ends meet than someone in a small town in Oklahoma with a lower cost of living.

Ways to Measure Wealth

Wealth and net worth can be considered synonymous in some cases. But there are other factors that play into the perception of wealth and a person’s ability to accumulate it. Examples include demographic differences and potential return on investment, which may not have an immediate impact but can increase future wealth.

Income

As mentioned above, high income does not necessarily lead to high net worth — but it can. High earners may use their income to acquire assets that maintain equity, such as a home. These people may also use their earnings to invest within retirement and brokerage accounts.

Personal Savings

Your personal savings may refer to the cash you have on hand in checking and savings accounts, certificates of deposit, and money market accounts. It may also refer to the savings you have invested in brokerage and retirement accounts.

Ideally, these investments will appreciate over time, increasing net worth and providing a future source of income to maintain your standard of living after you stop working. As you build up your savings, tools like a money tracker app can help you keep tabs on your money.

Investment Rate of Return

An important factor in accumulating wealth is the rate of return (ROR) on your investments. Investment returns are not guaranteed. Stock prices rise and fall according to various trends in the market. Even bonds, which are relatively safe, are subject to default from time to time.

In the past, the stock market tended to rise over the long term. In fact, since 1926, the average annual rate of return for the stock market has been about 10%, surpassing potential returns for other major types of investments, including bonds.

Investors who save more, and hold more of their investment portfolio in stocks, may be better positioned to take advantage of these potential future returns.

Real Estate Assets

One way to think about wealth is as the maintaining of assets. Real estate can be a good place to build equity, and it can appreciate in value. Returns can vary widely depending on what type of real estate you buy — whether a home or commercial property — and where the property is located. Historically, the rate of return on real estate has been close to stock market returns. In the U.S. market, the median return on real estate investment is 8.6% annually, per the S&P 500 Index.

Age and Family Status

Demographic factors can have an impact on how much money you earn and the wealth you can accumulate. For example, median weekly earnings vary by age and gender.

Perhaps unsurprisingly, men and women ages 16 to 24 have the lowest median weekly earnings, with men earning $771 per week and women earning $695 in the second quarter of 2024, according to Bureau of Labor Statistics data.

Men age 35 and over enjoyed the highest median weekly earnings:

•  35 to 44: $1,379

•  45 to 54: $1,470

•  55 to 64: $1,361

Women earned less overall than men:

•  35 to 44: $1,114

•  45 to 54: $1,151

•  55 to 64: $1,048

The number of people in a household has a different impact. More people under one roof may require a larger home and more money spent on things like groceries, clothing, and transportation. As a result, a single individual usually requires less wealth to maintain a certain lifestyle than a family of five.

Good Credit Score

While not exactly a measure of wealth, a good credit score is a measure of financial health. It suggests that you have not taken on more debt than you can handle, and that you are able to make your payments on time.

A good credit score can also help you leverage your wealth to achieve financial goals. For example, lenders will look at your credit score when you apply for a loan to determine your creditworthiness. A good score can help you qualify for loans with lower interest rates. Individuals with bad credit, on the other hand, may be seen as a risk, and lenders may charge higher interest rates to compensate.

As a result, a good credit score can help you qualify for loans, such as a mortgage, at affordable rates that can help you build wealth.

Difference Between Material Wealth vs Spiritual Wealth

Material wealth is dependent on the physical and financial assets that you own and the debts you carry. Spiritual wealth, on the other hand, is not based on tangible items. Rather, it’s based on things like a sense of well-being and happiness.

Are material wealth and spiritual wealth linked? In a 2023 paper, authors Daniel Kahneman, Matthew A. Killingworth, and Barbara Mellers discovered an overall connection between larger incomes and increasing levels of happiness. But they also found that happiness peaks at $100,000 a year and then plateaus in people who are already unhappy.

Appreciating What You Have

One of the reasons that higher income doesn’t always translate into greater wealth is a phenomenon known as “lifestyle creep.” This occurs when increasing income leads to an increase in discretionary spending. A certain amount of lifestyle creep can result from trying to “keep up with the Joneses” — a tendency to accumulate material goods to compete with others in one’s perceived social class.

For example, as a person earns more, they might buy a bigger house, a more expensive car, pricey clothes, and start sending their kids to private school. These costly habits can mean that the individual may not be able to save more than when their salary was lower.

Try to avoid lifestyle creep by putting off grand lifestyle changes, like buying a large home, and putting off big purchases until absolutely necessary. Build and stick to a budget that includes wealth-building line items, such as saving in retirement funds. Track your progress with a budgeting app.

Practice appreciating what you already have, and you may find that some of the upgrades you desire are just wants — not necessities.

Recommended: What Credit Score Is Needed to Buy a Car?

The Takeaway

Net worth and wealth are inextricably linked. Measuring net worth helps people assess how many assets they currently have at their disposal. Accumulating wealth is about acquiring and maintaining assets that hold their value or increase in value. Doing so often requires careful saving and investing, as well as constant monitoring to ensure you stay on track.

Take control of your finances with SoFi. With our financial insights and credit score monitoring tools, you can view all of your accounts in one convenient dashboard. From there, you can see your various balances, spending breakdowns, and credit score. Plus you can easily set up budgets and discover valuable financial insights — all at no cost.

See exactly how your money comes and goes at a glance.

FAQ

What salary is considered middle-class income?

Middle-income Americans have annual incomes that are two-thirds to double the median income, according to Pew Research. For example, a middle-income family of three will earn $56,600 to $169,800.

What salary is considered upper-middle class income?

An upper-middle class income is at the high range of middle class income. According to the U.S. Census Bureau’s “Income in the United States: 2022” report, that’s an average annual income of $94,001 to $153,000.

What salary is considered lower-class income?

Low-income Americans are anyone earning less than two-thirds of the median household income. Per Pew Research Center, that means a family of three would have a household income of less than $56,600.

Photo credit: iStock/fizkes

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SORL-Q424-004

Source: sofi.com