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In today’s world, it’s important to find a job that not only pays well but also lets you enjoy your life outside of work. To achieve this, it’s essential to have valuable skills that people need so much that they are willing to give you the conditions you need to live freely. In this article, we will share some high-income skills that you can learn to upgrade your career and improve your quality of life.

What Are High Income Skills?

High-income skills are specialized abilities that are in high demand in the job market and can potentially generate a significant income for individuals who possess them. These skills often require a high level of expertise and are usually transferable between industries.

High-income skills can include a range of abilities, such as those related to sales, marketing, software development, data analysis, project management, financial management, public speaking, and others. The specific skills that are considered high-income can vary depending on the industry and the job market at any given time.

Importance of High-Income Skills in Today’s Job Market

In today’s job market, traditional education and job skills are no longer enough to secure high-paying jobs. Many industries are undergoing rapid technological advancements, which means that jobs that were once secure and high-paying are now being automated. In contrast, high-income skills are in high demand and can help individuals stay relevant and competitive in their respective fields.

Furthermore, high-income skills offer individuals the potential to earn a high income, even if they do not have a traditional college education.

By mastering a high-income skill, individuals can become independent contractors, start their own businesses, or work remotely, all of which offer greater flexibility and earning potential than traditional 9-5 jobs

Differences between High-Income Skills and Traditional Job Skills

Traditional job skills refer to skills that are required for specific jobs or industries. For example, a doctor must have knowledge of medical procedures and healthcare, and a teacher must have knowledge of education and classroom management.

In contrast, high-income skills are often transferable between industries and can be used in multiple professions. For example, a person with strong project management skills could work in a variety of fields, such as construction, healthcare, or finance.

Additionally, traditional job skills often require a formal education, such as a degree or certification, while high-income skills can be learned through experience, mentorship, and practice. This means that individuals can acquire high-income skills without going into debt to pay for college or vocational training.

High-income skills are in high demand in today’s job market and offer individuals the potential to earn a high income and achieve greater flexibility and independence in their careers. Unlike traditional job skills, high-income skills are often transferable between industries and can be acquired without a formal education.

1. Copywriting

Copywriting is the art of selling by writing. It involves convincing people to take action through your writing. While it may be easy to persuade people verbally, writing to convince them to take action is a lot more complex. Copywriters are highly sought after because they are the ones who write promotional emails, home pages, and online product features.

To be a good copywriter, you need to be good with people, understand how they think, what they need, and how to best help them. You should also be skilled at structuring your paragraphs and words to make sense and sound compelling. The average salary for copywriters is around $55K, but depending on your niche, you can earn over $200K per year.

2. Sales

Sales is all about communication and convincing someone to do something. It’s not just about convincing people to buy a product they don’t need; it’s also about presenting an idea, interviewing for a job, or presenting a project to your boss. If you believe in the company you work for or the product you sell, then excellent sales skills are essential.

Average salespeople make around $50K per year, but those who work for businesses can earn six figures. If you’re good with people and passionate about helping them, sales could be the perfect fit for you.

3. Web Design

Web design involves designing beautiful websites that follow brand strategy and guidelines to develop a unique look. If you have a sense of design and creativity, web design might be the skill for you. The average salary for web designers is around $55K per year, but on platforms like Upwork, people charge between $65 to $80 per hour, which is more than $135K per year.

4. Digital Marketing

Digital marketing is the practice of promoting products or services through digital channels, such as search engines, social media, email, and other online platforms. As technology has continued to advance, digital marketing has become increasingly important for businesses of all sizes.

Digital marketing involves a variety of different disciplines and specializations, including search engine optimization (SEO), pay-per-click (PPC) advertising, social media marketing, email marketing, content marketing, and more. Each of these areas requires a unique skill set and approach, but they all share a common goal: to connect with potential customers online and drive business results.

One of the biggest advantages of digital marketing is its ability to target specific audiences with precision. Through advanced targeting options, businesses can reach the people most likely to be interested in their products or services. This can help to maximize the effectiveness of marketing campaigns and generate a higher return on investment.

Another benefit of digital marketing is the wealth of data and insights that it provides. By tracking website traffic, social media engagement, email open rates, and other metrics, businesses can gain valuable insights into how customers are interacting with their brand online. This data can be used to optimize marketing strategies and improve overall performance.

As for the salary range in digital marketing, it varies greatly depending on the specialization and level of expertise. According to Glassdoor, the average base pay for a digital marketing manager is around $77,000 per year in the United States, but this can range from $47,000 to over $117,000 depending on the location, company size, and years of experience. In specialized areas like SEO or PPC, the salary can be even higher. Freelance digital marketers can also earn significantly more by working with multiple clients and charging an hourly or project-based rate.

5. Computer Science

If you’re passionate about apps, algorithms, and online processes, then computer science might be the skill for you. This broad term can encompass many areas like data analysis, software engineering, or machine learning. The average salary for computer scientists is around $75K per year, but on platforms like Upwork, people charge between $65 to $80 per hour, with some earning up to $150K per year.

Job Title Salary Range
Software Developer $70,000 – $150,000
Web Developer $50,000 – $107,000
Database Administrator $74,000 – $122,000
Information Security Analyst $77,000 – $130,000
Data Scientist $85,000 – $165,000
Cloud Architect $120,000 – $200,000
Machine Learning Engineer $110,000 – $190,000

Please note that these salary ranges are approximate and may vary depending on factors such as years of experience, location, company, and industry.

6. Consulting

Consulting involves using soft skills like communication, negotiation, and presentation to help clients find better solutions. It’s all about asking key questions, handling emotions, and understanding your clients to serve them better. While the average salary for consultants is around $75K, it’s not accurate due to the great resignation.

Independent consultants can earn between $90 to $150 per hour, but it’s not something you can learn online. You need to learn skills like negotiation, presentation, and sales to become a good consultant.

7. Content Creation

Content creation involves creating great content that will attract people to your business. You can do it for yourself or for others, like writing, content creation, and content management. If you do it for others, you can earn between $75-$150/hour.

Content creation is the process of developing engaging content that captures the attention of an audience. It can include creating written content, such as articles, blog posts, or e-books, as well as visual content, such as images, infographics, or videos. If you have a passion for creating compelling content and are skilled at storytelling, content creation may be a high-income skill worth pursuing.

Here are some points to consider when developing your content creation skills:

  • Writing: The ability to craft well-written and engaging content is a valuable skill in today’s digital age. If you’re interested in writing, consider taking courses on writing techniques, storytelling, and copywriting. Practice writing regularly to hone your skills and build your portfolio.
  • Video Production: Video content is becoming increasingly popular, and businesses are looking for skilled video producers who can create high-quality content. If you have an interest in video production, consider learning how to shoot and edit videos, as well as how to use video editing software.
  • Social Media: Social media is a powerful tool for businesses to connect with their customers and promote their products or services. As a content creator, you may be tasked with developing social media content that is engaging and shareable. Consider taking courses on social media marketing and developing your social media skills.
  • SEO: Search engine optimization (SEO) is the practice of optimizing content to rank higher in search engine results. As a content creator, you may be responsible for ensuring that the content you create is optimized for search engines. Consider taking courses on SEO and staying up-to-date on the latest SEO best practices.

  • Graphic Design: Graphic design skills are valuable for creating visual content, such as infographics or social media graphics. If you have an interest in graphic design, consider taking courses on design software, such as Adobe Photoshop or Illustrator, and developing your design skills.

Overall, content creation is a versatile skill that can lead to high-paying opportunities in a variety of industries. By developing your content creation skills and building a strong portfolio, you can position yourself as a valuable asset to businesses looking to connect with their customers and build their brand.

8. Writing

Writing is a versatile skill that can open doors in various industries. Whether it’s creating content for a blog, writing copy for a website, or drafting an important business proposal, writing is a skill that can help you communicate your ideas effectively.

Strong writing skills are especially important for those working in fields like journalism, public relations, marketing, and advertising. Good writers can earn an average salary of around $60K per year, but top earners can make well into the six figures.

9. Project Management

Project management involves overseeing a project’s planning, execution, and closing phases. It requires strong organizational skills, leadership abilities, and the ability to manage resources effectively. Project managers are in demand in various industries, including construction, engineering, technology, and healthcare. The average salary for a project manager is around $80K per year, but top earners can make over $150K.

10. Public Speaking

Public speaking is the art of delivering a message to an audience. It’s a skill that’s useful in various industries, including education, sales, and politics. Good public speakers can engage their audience, convey their message clearly, and leave a lasting impression.

Public speaking can be a lucrative skill, with top motivational speakers earning millions of dollars per year. However, even an average public speaker can make a comfortable living, with an average salary of around $60K per year.

“Public speaking is a skill that can be learned and mastered with practice. It’s not about being perfect, but about connecting with your audience and delivering a message that resonates with them.”

– Grant Baldwin, author and professional speaker

11. Graphic Design

Graphic design involves creating visual content, such as logos, illustrations, and layouts. It requires creativity, technical skills, and the ability to communicate a message visually. Graphic designers are in demand in various industries, including advertising, marketing, and publishing. The average salary for a graphic designer is around $50K per year, but top earners can make over $100K.

13. Accounting

Accounting is the process of recording, classifying, and summarizing financial transactions. It requires attention to detail, strong analytical skills, and the ability to work with numbers. Accountants are in demand in various industries, including finance, healthcare, and government.

The average salary for an accountant is around $70K per year, but top earners can make over $100K. Accounting is a great career choice for those who are organized and detail-oriented. With the right qualifications, you can open your own practice or work in a large organization.

Accountants must be prepared to stay up-to-date on changing regulations and industry trends. They also must be comfortable working with computer software and technology, such as accounting programs and spreadsheets.

The Bottom Line – Increase Your Income with High Income Skills

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In conclusion, acquiring high-income skills can lead to a more fulfilling career and a better quality of life. These skills can take time and effort to develop, but the financial rewards can be significant. Whether you choose to learn a new programming language, improve your writing skills, or become a better public speaker, there’s always room for growth and development in today’s job market.

By investing in yourself and developing valuable skills, you can position yourself for success and achieve your career goals.

Source: goodfinancialcents.com

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Last Updated on March 29, 2023 by Mark Ferguson

Every year, I write a post detailing my goals for the next year and reviewing how I did with the previous year’s goals. I have written articles over the last three years that included some huge goals. I achieved many of these goals, and many of them I did not. I actually am just fine not accomplishing all of my goals because that keeps me working hard throughout the year. The point of a goal is not to accomplish it but to get as much out of yourself as possible. If you make your goals too easy to accomplish, they do not do you much good. I made a goal to flip 30 houses in 2017, which I did not reach, but I came close. That does not mean I am going to make my goal smaller this year; in fact I will make it even bigger!

My goal articles for other years

Why are goals important to our success?

When I was younger, I thought I could do everything myself without any help and without any goals or direction. I was wrong, and I was not very successful for many years. As soon as I started to set goals, I started to see success, and I felt better about myself and my life. Goals give you a direction, a path to follow, and instructions on what success is. The most important part of setting goals is you tell yourself what you actually want in life. If you have no idea what you want, it will be impossible to get it.

When you set goals, you need to be as specific as possible. You have to set goals that can be measured as well. A goal to learn about real estate is not a real goal. A real goal would be: I will buy a rental property in 2018. An even better goal would be: I will buy a rental property that cash flows $300 per month by October 1st, 2018. The more specific, the better. For more information on setting goals, check out the article below.

One problem with setting goals or New Years’ resolutions is we forget about them about a month after we set them. One reason I love this blog is that it holds me accountable. Thousands of people read my goals and see how well I did. This keeps me on my toes and motivates me to review my goals often. If you are setting goals, make sure you have a way or a partner to keep you on track (this assumes you do not have a blog).

What were my goals in 2017?

In 2017, I made some really big goals. I accomplished some of these, others I did not, and some I will accomplish in the beginning of 2018. 2017 was a great year, but there is always room for improvement. Part of the fun in life and business is figuring out better ways to do things and seeing those new practices pay off. Here is what I wanted to accomplish in 2017:

  • I wanted to buy a 50,000-square-foot or larger commercial building.
  • I wanted to flip 30 houses, which would have been 12 more than what I flipped in 2016.
  • I wanted to sell 200 houses as a real estate team. This has been my goal for many years, but I keep coming up short.
  • I wanted to publish 2 new books from my blog and hire more help for the website.
  • I do not discuss all of my goals publicly, but I did mention the possibility of buying a Lamborghini Countach or Aston Martin in 2017. I did not make it a goal and really did a poor job with this last year!

How did I do with my 2017 goals?

On the surface, it may look like I failed at achieving many of my goals, but I am really happy with how the year went. You cannot get upset or mad when you do not accomplish goals. If you accomplish everything, your goals were not big enough.

  • I did not buy a 50,000-square-foot building. However, I had one under contract that fell apart due to circumstances beyond my control. I also have another 70,000-square-foot building that is under contract and set to close by the end of January.
  • I sold 26 flips and bought 27 flips. I was really close to 30 but did not quite get there. I thought I would sell 30 flips with a few months to go, but delays on multiple projects set me back, which always seems to happen.
  • We sold 96 houses as a real estate team. I was not close to selling 200, but our average price increased quite a bit. I have thought about re-wording my goals to dollar volume instead of a number of sales.
  • I did publish two new books and hired multiple new people to help with the blog. Most of those people did not work out, but I have found a couple of great resources.

I also accomplished some things this last year that I was not expecting and were not goals.

  • I bought a 1998 Lotus Esprit V8 twin-turbo. I was not planning to buy this car, but I have always loved the Esprit. One came up for sale on eBay that was a great deal and the perfect color.

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  • I bought four rental properties in 2017! I was not planning to buy any—except for one large property—but I found a niche I like in the area. I bought four commercial properties that are all rented out and cash flowing better than residential properties in the area.
  • I bought a small commercial shop to store materials for my flips and rentals as well as have a place to store a couple of cars.

I ended up buying 31 properties in 2017, which is an awesome accomplishment for me. I was hoping to buy 30 flips, but I am really excited that I was able to buy rentals as well. For 2018, I plan to change up my goals a little bit.

What are my goals for 2018 in real estate?

I have been thinking about and working on my goals for 2018. I try to spend quality time on them and not just throw them together. The better my goals are, the more successful and happier I will be. Here is what I have planned for this year:

  • I want to make $100,000 per month flipping houses. My goal last year was to flip 30 houses, but I could have done that and made no money at all…or even lost money. That is not a very good goal. I averaged about $32,000 in profit on each flip last year, which means if I flip 3 houses per month, I will come close to making $100,000 each month. With this goal, I have to think about profit margins and not just how many houses I am buying. I have three houses set to close in January of 2018 and many more listed or ready to list the start of the year. I also have 3 flips under contract to buy. You can see all the properties and numbers here: https://investfourmore.com/flips/
  • I want to add $6,000 per month in passive income. Instead of creating a number of properties I want to buy, I decided to create a passive-income number since I think that is more important. With the large building I am buying in January, I should create about half of that number. I figure I would need to buy about 6 smaller properties to get the total to $6,000 per month. This is not in line with my plan to buy 100 properties, but I do still have that major goal I want to accomplish.
  • I want to start my own real estate office. Part of my plan to buy a large building is to start a new office in that building. I never wanted to start an office before because many of my REO and HUD accounts were tied to my current office. There was no guarantee that those accounts would move with me if I moved. I have decided I like flipping much more than being an REO agent, which works out great since there are almost no foreclosures in Colorado. By starting my own office, I will save a ton of money on expenses and have my own space I can do whatever I want with. I will use this as my real estate team goal this year instead of setting a sales number goal.
  • I will buy an Aston Martin V8 or Lamborghini Countach this year. In fact, I am already working on this goal, and it is close to being accomplished.
  • I have more personal goals this year and goals for this blog as well. However, I am basing the blog goals around income so it is more measurable. I have decided not to disclose that goal publicly, but if you really want to know, you can email me. [email protected] If you think you have ideas for the blog, you are welcome to let me know as well. However, I get tons of emails from people who want to do guest blogs or help me with SEO. That is not what I am looking for.

These goals are more specific than they have been in the past, which should help me know exactly what I need to do. I can also break down these goals into smaller tasks to figure out exactly how to accomplish them. With the flipping goal, I know I need to sell three flips per month with a profit margin of $33,333.

Conclusion

I really like writing these posts because it makes me set goals and really think about what I want to do each year. It is also good to have both longer- and shorter-term goals. It might be smart for me to rethink my plan to buy 100 properties into a plan to create a certain amount of passive income. Buying the large commercial property will be like buying 6 really good residential rentals as far as the cash flow that will be generated. I also want to make sure I have these goals at the front of my mind and am constantly thinking of them. It does no good to set goals and never look at them again until December 31st.

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Source: investfourmore.com

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What Is a Credit Report and Why Does it Matter? – MintLife Blog

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financial wellness. Your credit report includes your revolving accounts — such as credit cards and home equity lines of credit — as well as non-revolving accounts like school and car loans. Credit reports also note any missed payments, the length of your credit history, and your utilization rate on each account. On the whole, the report acts as a central location for measuring your current credit health in detail.

This vital collection of data gathered by a credit bureau helps calculate your credit score and inform potential lenders, landlords, and even employers about your financial wellness, habits, and routines. Your credit report is also a place to keep yourself on track. View your borrowing habits at a glance, make adjustments to possibly raise your credit score, or even catch fraudulent activity. Overall, understanding your credit report is a crucial step in gaining financial confidence.

What Information Is Included in a Credit Report?

You may still be wondering: what is a credit report exactly and how much data does it include? Credit bureaus collect a range of information, from basic, personal data to detailed borrowing history in order to paint a picture of your credit habits. Identification details clarify who you are, where you’ve lived, and a bit about your life. They will list your full name and any alternately used names, your birthday, current and former addresses, social security numbers, and your phone number.

The meat of the credit report includes your account history including the types of credit accounts, how long they’ve been open, and their credit limits. Each month, your balance will rise or fall on your report based on payments or charges. This in turn affects the utilization rate on each card as well. Each account will also note your payment history, noting any late payments for up to around seven years. Your credit report will also include the number of recent hard inquiries, which usually occur when you apply for a new credit card or loan.

Certain public records and legal details — such as lawsuits — may also be listed on your report. It also lists if you’ve filed for bankruptcy, received a tax lien or had a bill sent to a collection agency. Though specifics vary, the majority of these details are wiped from your report after seven years, so there are often ways to improve your credit standing over time.

How Does Information Get on Your Credit Report?

A credit bureau, also known as a credit reporting agency, gathers this information in one place so you don’t have to. Though there are hundreds throughout the world, the three main U.S. reporting agencies are TransUnion, Equifax, and Experian. They receive information via lending companies, courts, and local government to build your credit record. Every month, an assortment of data transfers from these locations to the credit bureau database.

If you open a new credit card, make a purchase on your store card, or pay down a balance, this data is sent to update your report. The agency organizes the data and displays information on your credit report in a clear layout for you or a potential lender to view. This constantly updating system means that your credit score may fluctuate at times. It also allows you to take immediate action on any troublesome accounts or in the case of identity theft.

Why Is It Important to Get a Credit Report?

Credit reports are an excellent tool for guiding large financial decisions. Say you’re looking to purchase a home in the next five years. Your report allows you to fully assess how to raise your score and which credit accounts most strongly affect your overall financial balance. Your report is also a glimpse into why your credit score has remained low or stagnant. It could be helpful to request a report before applying for a new credit card or transitioning to a new phase in life like graduate school.

Checking your credit report at least once a year, even if you are not planning any large financial changes, is often suggested for several reasons. Credit reports allow you to catch any discrepancies either in how your data was reported or if someone attempted to open an account under your name.

Where can you get a free credit report? Free credit report programs, like Turbo, can give you a glimpse into your score and history. If you’re looking to improve your credit score, these tools may be useful for frequent tracking and do not count against your credit as a hard inquiry.

How Does Your Credit Report Impact You?

Potential lenders and employers may check your credit report for the same reason you check in on yourself. Your credit report may signal that you can be trusted to make timely payments and prioritize your financial health. Employers have been known to check credit reports in order to confirm you’re able to stick to contracts and agreements.

Credit reports are most commonly used to determine approval for loans, credit limits, and interest rates. If you have some troubling details on your account, lenders may protect themselves by offering higher interest or lower credit limits until you’ve proven a strong history of payments. On a higher level, credit reports affect your mortgage interest rate or simply your likelihood of being approved for the mortgage in the first place.

In some cases, your credit report could also affect your insurance rates and other monthly bills. Some utility companies and cell phone companies determine offers and down payments based on your credit score. Overall, the healthier your credit report, the more chances you’ll have to practice good borrowing habits with a range of accounts.

A credit report is a detailed tracking tool of your borrowing and repayment history. The greater you understand your credit report, the more it can act as a tool for financial growth. Feeling confident about borrowing and managing debt comes over time, and your credit report is there to help track your progress along the way.

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Apache is functioning normally

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