Where do the salaries of Quora employees come from?
A mistake in thinking about your salary will cost you thousands of euros
This post was originally published on Quora in response to the question "What's the safest way to earn at least $ 250,000 a year within eight years of completing a bachelor's degree in computer science?"
I will respond with the same advice that I have given to my children. First of all, forget your bachelor's degree in computer science. I did one and then got my master's degree in computer science at a university. Useless.
The only way to get really rich is to get rid of your salary. With compensation, by definition, you create wealth for others and handcuff yourself.
Some people like this, but it's not the way to get $ 250,000, or whatever amount you want, a year (why did you pick $ 250,000 of all things?).
I'm on the board of a large recruitment agency. I can tell you the facts: For 40 years, inflation-adjusted income has been falling. And the entire middle class is fired. I'm not saying this to scare you. It's just the facts. Maybe that will change. I hope so, but I doubt it.
I don't even recommend you start a business. Running a business is hard work: employees have sex with each other, key contacts want bribes, and programs just don't work during presentations.
More than half of all unemployed people have a university degree (another comment: “Going to university is not always about money.” And my answer: “Then don't let your children go into debt with $ 100,000 just for that they can read books for a few years. ")
I then looked for someone who was neither a businessman in the traditional sense nor an employee.
I kept seeing this guy Steve Scott on Amazon. His books always beat mine on the Amazon list. How can “23 Anti-Procrastination Habits” rank higher than “Choose Yourself!”?
Other books were: "70 Healthy Habits" or "How to Start a Successful Blog in One Hour."
And there were new books every few weeks. I first recognized her because of the name Steve Scott. But then I noticed that similar books were coming out with a completely different cover under the name SJ Scott.
It was like a book machine.
So I called him even though I didn't know him. I didn't have any friends who knew him either. I think he lived somewhere in Ohio.
I wanted to know what the hell he was doing. I wanted my kids to be able to do the same so that they never face the fears and worries that have accompanied me through my 20s and 30s.
He gave me an interview for my podcast "The James Altucher Show" (I'm not trying to get you to listen to my podcast. I'll tell you everything he said here).
He told me that two years ago he was completely broke and was looking for a way out. He had practically nothing in the bank and made no money.
"I made over $ 40,000 last month," he told me. He has written more than 42 books in the past two years. Now he writes a new book every three weeks.
“Can anyone do this?” I asked him and his answer was “Yes”. We made it a podcast because I wanted everyone to be able to hear their detailed answers. You can listen to it for free on iTunes or Stitcher.
He writes 2,000 words a day. The first pages of his books list various things that he gives away when someone subscribes to his mailing list.
“Pick a concept that interests you,” he told me, “and break it up into many pieces and write a book about each fragment. For example, if you are interested in golf, write a book about getting the right golf equipment, write one that explains how to improve your swing in ten easy steps, and so on.
With every book he gets more mail subscribers. And more subscribers bring him higher sales rates. And so on.
Did he study writing or marketing in college? No, he has a degree in Criminal Psychology from Montclair State University.
It took two years to build, but now he's a marketing and business machine - even if he's never done anything like this before.
He doesn't have a boss. He enjoys his free time. He makes more money than 95 percent of entrepreneurs in the corporate world. If I had a computer science degree, that would be exactly what I would be doing now.
I asked him why he was so open. Why did he just me Everything told. "Can't everyone copy what you're doing then?"
“Sure,” he says. "But I work very hard."
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