We all know the jobs that are (virtually) guaranteed to rake in the big bucks: doctor, lawyer, engineer, etc.-- no surprise there. Yet as it turns out, a surprising number of jobs pay more than you may think; some don't even require a college education. There are some caveats, of course; many of the jobs involve a personal sacrifice of some sort, be it living underwater for months at a time or being at someone else's beck and call 24/7. However, if you're willing to make some life changes, you may find you're a good fit for one. Here are some of the most surprising:
Who wants hot dogs!
Step inside my office
Food vendors can make bank if they're in the right spot. As the adage goes, success depends on location, location, location, and this rings true for food vendors. One dog slinger working the much-trafficked corner of 35th and Broadway makes an average of $250/day (easily over $100,000 per year if he works 50 weeks a year.) Note that hot dogs are not the only food that will net you more green than Central Park; an ice-cream vendor on 37th and Fifth Avenue can earn up to $700 on a good day. In New York City, where rents for office space can run upwards of $600 per square foot (yes, per foot), these types of vendors generally only need to pay for an annual vendor's license and tax identification number to stake their claim. No rent equals low overhead, and the significant markup on hot dogs and other items means that a busy day can be highly profitable.
If you can take the heat, get into the kitchen
Only 140 more days until I can see the sun
While most culinary artisans aren't making too much money––except for the top well-known chefs with their own line of cookware––there is one position in the industry that does pay exceptionally well. But this is no free lunch: the role is as the lead submarine chef with the Australian Navy. That's right; you'd be cooking for almost 60 hungry seamen and women 20,000 leagues under the sea. Chefs start at a not-too-shabby $58,800 per year not including a $50,000 bonus just for showing up (turns out 50% of success really is showing up!), a capability bonus of $40,000 a year, plus almost $50,000 worth of "seagoing allowance" and "submarine service allowance." All that, and your room and board are taken care of. I mean, you'd have to be okay with living in a massive iron pill capsule and wouldn't see the sun for weeks at a time…but think of the money you'd save on sunscreen!
Someone's gotta do it
And they thought I'd amount to nothing
Taking out the trash is by no means a glamorous job. But if you live in the right area, you can make a mint by doing something no one else wants to do. Some sanitation workers make upwards of $100,000 in New York City. This is not representative of the average "waste engineer" annual salary, which ranges from the high $30's to low $60's, but everything is more expensive in NYC, and trash removal is no different. The upside is that wages are rising much faster than average in this industry because of the lack of available talent.
Air traffic controllers – the men and women who ensure airplanes don't crash into each other on the ground and in the air – make over $120,000 year. It's by no means an easy job: they must continuously concentrate (often directing multiple carriers at once), and work shifts during all hours in a dim room staring at brightly lit screens. While the job itself is stressful, if you can hack it for 20 years you'll get to look forward to early retirement at 50 and enjoy enforced retirement at 56.
I see a lot of green in your future
Aunt Mabel says hi and don't overwater her ficus
Psychics, despite their employment in a field of dubious nature, earn an average of almost $100 an hour, according to Payscale. This may seem surprising at first, but given that the estimated 85,000 psychics in the United States pull in approximately $1.5 billion in revenue per year, it may not be so outlandish. Psychics also claim to have high-flying customers, such as executives who can afford to shell out for their pricey service. Whether or not a given psychic has any ability to foresee the future is in the eye of the person paying their salary. Many psychics prefer to act as therapists, guiding people through tough times and hard decisions—and possibly telling them that Aunt Mabel forgives them for breaking that window when they were a kid.
Jeeves, bring the car around
Being a private butler is not usually on the career list at the guidance counselor's office, but it's a legitimate job that with an excellent salary––that is, if you get hired by the right employer. The International Guild of Professional Butlers has 10,000 members in the United States alone and estimates there could be as many as a few million private butlers worldwide.
So, what exactly does a butler do? Unlike in the days of Downton Abbey, people today can generally dress themselves and don't take daily breakfasts in bed (although that does sound pretty great). Today's modern butlers are considered "household managers" who oversee the rest of the staff, schedule household maintenance, receive visitors, organize events, and so on and so forth. They also can act as personal assistants, booking reservations, managing wardrobes (dry cleaning and tailoring), and generally ensuring that life runs smoothly for their employer. The job requires impeccable social skills and etiquette, and you'll need in-depth knowledge of wines and spirits (natch!) to be successful.
A private butler is a trusted employee for those who can afford them and are generally compensated as such: according to the International Butler Academy, these discreet individuals earn between $50,000 and $150,000 annually.
If your current job is just not cuttin' the mustard or if you're someone who could thrive in a stressful, claustrophobic, or even smelly environment, it may behoove you to explore a less conventional job that just might push your income up a few tax brackets.
- Unexpected Jobs That Pay $100K | Monster.com ›
- 9 unusual jobs that earn $100,000 or more - CBS News ›
- 14 Odd Jobs That Pay Insanely Well | GOBankingRates ›
- 15 Unusual Jobs That Surprisingly Pay Over $100,000 ›
- 32 Fun Jobs That Pay Well | Find a Career You Can Love ›
- 11 Odd Jobs with High Salaries | Salary.com ›
What is Robinhood?
The Robinhood app debuted in 2013 as a first-of-its-kind revolutionizing free investment platform. Much like the 700-year-old story of the hero to the people, Robin Hood, FinTech entrepreneurs Vladimir Tenev and Baiju Bhatt created the platform in order to make stock trading easily accessible to the general public and not just the wealthy.
The National Financial Educators Council (NFEC) surveyed young adults in 2017 and asked them what high school level course would benefit their lives the most.
The majority responded that money management was the course that would be most beneficial.
With personal debt is at its highest record and COVID-19 threatening to have the hardest economic effects on youth, understanding money and finances is an important life lesson that should be taught to children at a young age.
The following is a list of the best financial literacy lessons and tips to teach children throughout different life stages.
I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.
There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).
After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.
It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.
That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.
I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.
Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.
Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).
More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.
The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.
I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.