“Average Incomes by Age:

• Age 25: $47,532.13

• Age 35: $72,495.66

• Age 45: $81,641.88

• Age 55: $83,970.61

• Age 65: $81,809.77

Top 1% Income Benchmarks by Age:

• Age 25: $170,010

• Age 35: $420,000

• Age 45: $634,650

• Age 55: $453,051

• Age 65: $432,372

These figures provide a snapshot of the income landscape in the United States, highlighting the variation across different age groups.”

Any older and wiser ostriches have any good career tips to move up in the income ladder to get in the top 1% bracket?

I am just trying to figure out my next move in the game of life.

Reply to this note

Please Login to reply.

Discussion

Big Tech will get you there, if that’s what you are after.

If only I studied software engineering or computer science. 🤣

You don’t need a degree. All it takes is YouTube, free courses from places like MIT, Harvard, etc. and some time and discipline to practice. You don’t need break into big tech to make bank. Speaking from experience - smaller companies pay quite nicely too.

Set realistic goals - you don’t need to be in the 1% to be comfortable. And breaking into the 1% isn’t going to save you from hyperinflation.

Alternative, look at sales. You might lose your soul, but it's lucrative if you have the ability to put on a happy face and memorize/spout the talking points.

Hyperinflation? LMAO! Bitcoin bro, bitcoin

I didn’t study either. Open positions exist for many disciplines.

goto college and focus on networking, business management is the easy route

Got a degree in Economics, doesnt mean much anymore as everyone has a degree. Yes, networking has been helping me find freelance work. I agree it’s definitely about who you know. 👍🏻

Seen many studies on how good education only correlates to higher compensation until a certain level. After that, it's basically luck and risk taking.

Also, just for perspective. I live in a 3rd world country, I'm 22 yo... I make $ 7k a year lol

I dont live in the USA, just trying to imagine that I do lol.

But yeh education doesnt mean much nowadays, since most people go to college in western world.

Networking seems to biggest factor in getting ahead in career ladder.

Don’t use the ladder.

No matter what you do, life will leave you with regrets and thoughts of what might have been. Don’t let the regret be that you hid from what you wanted to do.

Say what you mean.

Mean what you say.

Stay true to your word.

Pursue skills that contribute most directly to the company’s bottom line, and for which you can command variable compensation proportional to that contribution. This could mean sales, business development, marketing, product development.

Beyond that, keep specializing until you’re one of best in your field at what you do.

Thanks good advice.

I think you mentioned it with "next move." Not sure what you're doing now but hanging jobs, if that what you're going for, is usually an effective way to get a significant albeit fiat income boost.

Sincerely,

Average Income Joe

Learn to sell technology. Sales skills are useful in every day life and may one day even save your life. I recommend learning the Sandler system. Start with “How to win friends and Influence People” by Dale Carnegie. Sell something you’re interested in, so it doesn’t feel like work.

Be excellent at something of value that others aren’t willing to work for or is unglamorous.

Stay away from altcoins.

Are these avg or medians?