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Avatar photo About Kristina Tahnyak

Tahnya is a Certified Financial Planner and former Investment Advisor turned marketing and communications professional She holds a degree from Concordia University, is debt free and currently works in the field of digital marketing.

Happy Anniversary Friday Roundup

Happy Friday Everyone!  It’s official. We have hit our one year anniversary together.  Just over a year ago I joined the DINKS community, and since that day we have been blogging happily ever after.  One year is the paper anniversary, but since we are all trying to be more eco friendly I won’t ask for any paper gifts. Instead, I will give you my favourite posts from DINKS over the last year, as well as my favourite comments.

A lot can change in a year.  Some of us have recently joined the community as New DINKS, some of us may be adjusting to single life after leaving a DINKS couple, and some of us may be welcoming a new little one into a former DINKS household.  For better or worse we are all still here together in the DINKS community. 

These are two of my favourite posts from DINKS:

DINKS: Smart or Selfish was definitely our most commented on post over the last year.  It is one of my favourite posts because it is a topic that involves everyone.  I enjoy hearing other people’s stories and opinions on subjects that affect me.  It’s almost comforting to know that other people are experiencing the same things, and having the same thoughts. 

My boyfriend Nick and I have talked about this a lot over the last year because we both turned 30.  Nick has decided that he definitely doesn’t want to have kids.  I am still on the fence, but leaning towards not having kids.  I am not sure if he really doesn’t want to have kids, or he just doesn’t want to have kids with me.

Were You Wealthy After Your Wedding? Is another one of my favourite posts because it shows how we all experience the same things differently.  As DINKS most of us may be married and therefore weddings are something that affect us all.  However, how we choose to have that experience is different for everyone.  It was interesting to see that a wedding means something different for everyone.  The days of big traditional weddings may be out the door and more personal, less showcase, ceremonies are taking over.

This is another subject that my boyfriend Nick and I have discussed a lot over this past year.  He is not willing to come over to my side and get on the wedding train.  So it’s safe to say that if I want to spend the rest of my life with Nick it will be out of wedlock.

My Favourite Comments from DINKS Posts:

Dave at 50 Plus Finance commented on our post DINKS Can Play With Toys Too.  This post discussed the evolution of toys from when we were children to the toys that we play with now as adults.  Nick is a really techy guy and loves to play with his Playstation 3.  This post states that the cost of toys in a budget doesn’t stop just because we don’t have children, adults can play with toys too. 

Here is Dave’s comment “When I was young, adult toys didn’t mean Playstation 3.”

Bankruptcy Benjamin made a comment on our post Funding Our Parents Retirement.  This is a post that discussed our need to help our parents financially through their retirement. Saving wasn’t necessarily a priority back then, and as our parents start to retire they may need some financial assistance. 

Here is Benjamin’s comment “No way man, I’m not funding the grey nomads eternal summer! I will however have a granny flat available that they can move into.”

What is your favourite post or comment from DINKS over this last year?

Small Businesses That Made It Big!

success stories, small business made big, inspirational stories

I am a real sucker for success stories; I love to read about the small start ups of big businesses.  When I found this article on MSN I felt the need to share, the article is titled Turning Points: How small businesses made it big.  It discusses the business strategies and philosophies that allowed small businesses to exploded into an international market and sustain their brand over the years.

Here are some business success tips from market leaders:

Follow or Start a Craze.  This was the key to success of Lu Lu Lemon.  This Athletic apparel company was founded in British Columbia Canada in 1998. With the help of the active lifestyle movement and the yoga trend Lu Lu Lemon has become a leading international athletic apparel manufacturer.  Yoga has been around for many years and practiced traditionally in the Eastern World.  It recently exploded in the Western World and Lu Lu Lemon took an old tradition and made it trendy.  This small Canadian Athletic company grossed over $450 million last year.

The Right (Low) Price.  Wal-Mart is successful because people always want to save money.  Of course business owners want to make money, but by cutting into his profit margin a little bit the founder of Wal-Mart ensured this store would be known for everyday low prices.  A good reputation keeps clients coming back over the years.  A steady flow of business is better than hoping for a big sale.  Wal-Mart started as a Discount Store in Arkansas, it now earns over $400 billion in revenue per year.

Keep the Profit but not the Cost.  Mc Donald’s learned the key to success is a strong brand name.  Mc Donald’s started as a family business and learned the importance of a franchise name. After rapidly expanding throughout the US, McDonalds opened its first franchised restaurant overseas in 1967.  There are currently over 33,000 Mc Donald’s franchises operating today.

Appoint a Good President.  Facebook founder Mark Zuckerman was not the companies first President.  Sean Parker, the founder of Napster was actually named as Facebooks first president in 2004.  Sean is most notably known for his contributions to drop the “The” from the title and rename the site facebook.com, as well as his aggressive focus towards global expansion.  Facebook currently has over 600 million users worldwide.

Sign a Contract to Become Mainstream.  This is a business strategy that helped Microsoft become a household name.  After signing a contract with IBM to become the sole operating system on all of its computers, everyone with an IBM computer was now a Microsoft client.  Today, almost 90% of all computers run with a Microsoft operating system.

Get a Celebrity Endorsement.  If you had to get a celebrity endorsement Oprah would be the celebrity that you would want to have.  I don’t fully understand the Oprah craze but it seems that everything this woman touches turns to gold.  With the Oprah seal of approval in 2003 the share price of Deckers Outdoor Corporations, parent company of UGG Australia, soared from $5.60 per share to over $56 per share.

To view more of the small business success stories click here.

(Photo by Berd)

It’s OK To Pay For…

splurging, occasional splurging, spending money on

I don’t mind paying for certain things in life that I am unable to provide for myself.  I am not the type of person to constantly spend a lot of money on lavish gifts and expensive things.  In order for me to spend the money the opportunity has to definitely outweigh the cost.

I don’t mind paying a lot of money for a great experience.  I have learned to choose where to spend my money because it much more rewarding to get my money’s worth and have a great experience than it is to have a life full of material goods that are worthless over time.

Whether we are buying our first home, a really nice piece of jewellery, or our first car, we definitely always want to get a good deal. In my opinion it’s ok to pay for:

A Good Vacation.  I would rather take one amazing vacation every year, rather than several small mini vacations throughout the year.  I prefer to pay for one trip to a place that I have never travelled, as opposed to continuously visiting the same inexpensive vacation destination.  Of course I shop around on various travel websites to find the best deal possible for the time that I want to travel, but I don’t mind paying extra money for a really great travel experience.

A Nice Dinner.  As you know I am not a great cook and therefore I eat out quite a bit.  I don’t mind spending money on food since we all need to eat, but I usually try to keep my costs to a minimum since it is a reoccurring expense.  It is rare that I will spend a lot of money to eat out at a nice restaurant or pay for an expensive meal.  Usually my boyfriend Nick and I order delivery or we go to get take out.  On rare occasion when a new restaurant opens up or for a friend’s birthday we do go out to eat at an expensive restaurant.  I don’t drink alcohol which helps cut down on our restaurant bill.

To Help Out a Friend or Family Member. I have lent money to family in the past and had both good and bad experiences.  I have also lent money to friends in the past and had both good and bad experiences.  When we lend money to family or friends we must be careful because money can be the root of all evil.  Even after a family member did not repay money that I lent to them, I found it hard to say no to a future friend in need.  I still lend out money to friends and family if they need it, but I am cautious about the terms and repayment conditions.

Periodic splurging is ok as long as it doesn’t become a habit.
What do you think it is ok to pay for?

 
Photo by MindLuge

70 Minutes, $50, 2 Women, and a Garlic Holder

bridal gift, bridal gift expenses, buying a bridal gift

This past week I went to a major department store with my friend to buy a bridal gift for the upcoming bridal shower of a co-worker.  I know that I am not married to my boyfriend Nick, and I know that I have always been complaining about the fact that we are not yet married.  However, my recent traumatisation of shopping for a bridal gift has changed my mind. I called my boyfriend Nick and told him that I am going to stop pressuring him into marriage, simply because I don’t want my friends to have to shop for my bridal gift.

Both my friend and I are university educated.  I have two additional diplomas and my friend has a post graduate degree.  We are educated women and neither of us could figure out the bridal registry. We were also both completely outraged at the cost of a bridal registry gift.

As a rule I rarely shop at department stores because I find them impersonal and very expensive.  I can think of 10 other ways that I would rather pass my time and spend my money other than shopping for a bridal gift at a major department store.

What was on your Bridal Registry?

If you are married what did you have on your bridal registry? Last week I shopped for expensively overpriced kitchen items for a young couple who don’t even cook.  Both the Bride and the Groom are coming into this marriage from their parent’s house.   I know that people who live in glass houses shouldn’t throw stones, because I am definitely not the next Iron Chef.  However, I would also never register for expensive items that I don’t need or will never use, just because I was getting married.  I would rather order delivery than cook a meal any day, and this is the exact reason why I would never register for a $12.99 spachala for my kitchen.

Yes, that’s right. Last week I spent over an hour shopping for bridal gifts that included $15.99 for a set of two Tea Towels, a $24.99 measuring cup, and a ridiculous garlic holder in the shape of a garlic clove that wasn’t even the size of my fist.  As I browsed through the aisles of the kitchen linens department I started thinking, would my co worker have spent her own money on these items? If you are married, did you register for things that you would buy with your own money?

My friend ending up buying our co worker two tea towels and two place mats along with the garlic holder for $50.  It was definitely not money that was well spent, however it wasn’t my money.  I can also think of 10 other things that I would rather do with $50 than spend it on place mats, tea towels, and a garlic holder that isn’t even big enough to hold my garlic.

How much would you spend on a Bridal Gift?

My friend wanted to stay within a $50 limit for the bridal gift because she still has to buy a gift for the bachelorette party as well as the wedding.  With the gifts, her outfit, and the transportation this wedding is going to cost my friend almost $350 and she isn’t even in the bridal party.

As a DINK I don’t understand the expensive gifts to furnish a lavish kitchen.  In my opinion these are items that should be bought by suburban housewives whose sole purpose in life is to cook for their families.  However, that is just my opinion.  People should live together before they get married, this will allow them to accumulate household furnishings over time.  It also eliminates their friends and co workers from having to spend their hard earned money on outrageously priced decorative items.  I don’t mind spending money on functional items if someone really needs them, but who really needs a garlic holder? Just put your garlic on a bowl on the counter and call it a day!

Photo by Mullica

Think Like a Bank

saving tips, money management tips, financial tips

 

When you think about money, what comes to mind? When you think about money do you think about being rich, or do you think about something else?  Maybe you think about the place that holds your money, or the place where you invest your money, or maybe when you think about money you think about your bank.

If we think like a bank we can accumulate money…just like a bank.  If we treat our money like the bank treats their money, then we will always have money…just like a bank.

Here are some tips about thinking like a bank and creating our personal wealth:

10 Tips to Think Like a Bank:

Accumulate Your Money. The goal to saving money and allowing it to accumulate is to have more money coming in than we have going out.  Our income has to surpass our expenses.  If we live within our means we will always have money.

Keep a Cash Reserve. Banks always keep a cash reserve on hand, and as individual investors, we should do the same.  Our Emergency Fund is our cash reserve.  The amount we wish to keep in it is an individual choice, but nevertheless we should all have a cash reserve in case of an emergency.

Don’t Lend Out Money When People Are In Need. Banks never lend out money to people in less than desirable financial situations, we as personal investors, should always do the same.  Don’t invest in a drowning company to help them get back on their feet (even if they promise a 20% return), and don’t help out a friend who has a poor financial past.  Old habits die hard and we may never get our money back.

Lend Out Your Money With Interest. A bank would never lend out money without charging interest, and neither should we.  If we do decide to lend out money we need to have a promise to pay as well as charge interest on the money.  We don’t want to get rich off our friends, we just want to protect our self and make sure that we get our money back. Charging interest makes up for the interest that we would have earned if we invested our money instead of lending it out.

Keep Your Money Safe. We need to protect our assets with insurance on our home, our car, our lives, and other valuable items.  If we do have some cash or other assets they should always be protected in a Home Safe or Safety Deposit Box to prevent a potential loss.

Invest Your Money Wisely. Before we decide to invest we should research potential investments.  Of course past performance is not an indication of the future, but it will provide us with an idea of how the investment is structured.  We also shouldn’t put all of our eggs into one basket.  This doesn’t mean investing with different financial institutions; it means we need to diversify our portfolio.

Specialize in Your Field. A bank is never going to offer medical advice, and neither should we if we aren’t a doctor.  We should talk about what we know, and offer advice on subjects that we are familiar with.  We should never invest in something that we don’t understand, and we should never give our money to someone that we don’t trust.

Publicly Trade Information. Banks publish their earnings and share their information with the public on a quarterly and yearly basis, and so should we.  It’s ok to talk about money with our family, our friends, and our co workers; everyone can benefit from sharing information.  Other people can learn from our mistakes, just as we can learn from theirs.  At the same time, we can benefits from other people’s financial tips and success.

Give Back to the Community. This is so important for both banks as well as individual people.  Every bank either has a charity or cause that it supports and so should we.  Some banks have even founded their own charity.  I feel that it is very important to give back to our communities and support a worthy cause. We can donate time or money it doesn’t matter, as long as we are helping out.

Forecast for the Long Term. This rule applies to our income, our investments, and our savings.  It’s ok to have short term goals to keep us focused, but we also have to prepare for the long term.  Saving for retirement, buying a home, going back to school, and paying off debt are all long term goals.  In finance, it is less common for people to set short term goals, we usually forecast for the long term.

Photo by Epsos

Friday Roundup: The Financial Blogger Conference

Happy Friday DINKS!  As the weather gets nicer we may start to think about planning our vacations for the year.  If you are available the first weekend in October I invite you to join the Financial Blogging Community at the Financial Blogger Conference in Chicago.

The Financial Blogger Conference will be held October 1st and 2nd in Chicago, although the exact location has yet to be determined.  Financial Bloggers, Social Media Experts, Financial Professionals, Authors, and Financial Companies will all be attending the event.  Whether you are an employee in the financial industry, if you are a financial enthusiast, or you are a financial beginner, everyone is welcome.

The two day Financial Blogger Conference includes discussion panels, keynote speakers, social events, and an unlimited number of networking opportunities.  I invite everyone to come out and meet your favourite financial bloggers.  Confirmed guests who will be attending the Financial Blogger Conference October 1st and 2nd include Andrew and Gyutae from Money Crashers, J.D. Roth from Get Rich Slowly, and Adam Baker from Man vs. Debt.

The guest speakers at The Financial Blogger Conference are going to be full of good ideas and will be sharing their financial tips.  If you love finance, if you are trying to prioritize your finances, or if you have a financial goal then you need to be at The Financial Blogger Conference in Chicago October 1st and 2nd.  Come join us in the Windy City to eat some deep dish pizza, listen to some blues music, and enjoy The Financial Blogger Conference.  I have always wanted to go to Chicago and I am going to try and be there.  I hope I can make it, but if not then I hope to hear all about it.

Here are some posts about financial goals and priorities from around the web:

  • Get Rich Slowly offers an organizational worksheet in his post Establish Your Financial Priorities.
  • In honour of Financial Literacy Month Enemy of Debt posted a video and asked us to choose what is most important to us financially in his post What You Can Learn in One Minute a Day.
  • Money Crush tells us to seize the day and start planning and living for our financial goals in her post Stop Waiting for Perfection.

Photo by Jeffrey Tastes

Home Safe or Safety Deposit Box?

home safe, safety deposit box, financial tips

When we start to accumulate wealth we need to start protecting it along with other important documents.  Some of us may be wondering what to keep in our Safety Deposit Box, and some of us may be wondering what we should keep in our Home Safe.

Some of us may have a Safety Deposit Box at our bank, and some of us may have a Home Safe.  Some of us may have both, although I think that may be safety overkill.  There are several things that we should keep in our Safety Deposit Box at our bank and other things that we should keep in our Home Safe if we choose to do so.

What is in Your Safety Deposit Box?

As a bank employee I have no right to know the contents of a client’s safety deposit box.  This is why after retrieving our personal items we are escorted to a private room with our Safety Deposit Box.  People may choose to keep only important papers such as insurance policies along with their Last Will and Testament in a Safety Deposit Box.  However, some other people keep jewellery, family heirlooms, their birth certificates as well as their Social Security Card in their Safety Deposit Box.

In movies and on television we often see people keeping cash in their Home Safe or their Safety Deposit Box.  I disagree with this because if the money is in a Safe and not in a bank account, it is not earning any interest.  The contents of a Safety Deposit Box cannot be seized, even upon death or bankruptcy.  However, the contents of a Safety Deposit Box are also not insured by the bank.

Clients only rent the space from their bank for their Safety Deposit Box to keep their assets safe, the contents are not property of the bank and therefore they are not insured by the bank.  If we have a Safety Deposit Box we should have separate insurance for our assets and valuable items on our Homeowners Insurance Policy.

Do you have a Safety Deposit Box or a Home Safe?

The advantage of having a safe at our home is that we have access to our valuables and assets at all times with the twist of a dial or the punch of a keypad.  A fireproof and waterproof safe is definitely a good idea for the safekeeping of important documents and it is convenient to have at home.  However, it can be troublesome if we forget the code to open our safe.  We have so many pin numbers and passwords to remember, it may be easier to have a key to open our Safety Deposit Box at the bank.

There are pros and cons to having a Safety Deposit Box at our bank, and there are pros and cons of having a Home Safe.  A Safety Deposit Box at our bank ensures that our assets are protected and safeguarded at all times.  However, it may be inconvenient to go to our bank every single time we need to retrieve our assets.  A Home Safe ensures easy access to our valuables, but remembering the code could be a problem.

Photo  by K Tyler Conk

April Love Drop… We Want Art!

Hello DINKS! It’s April and that means that J. Money and Nate St. Pierre are working on their next Love Drop

That’s right the Love Drop team is at it again!  Last month they gave over $5,000 worth of cash and goods to their recipient, Katie, who had been battling a couple of brain tumours over the years.  The Love Drop culminated with a surprise gift of more than 15 of her closest friends showing up at her house to celebrate and share the experience with her. It was awesome! You can watch how it all went down by clicking here.

This month Love Drop is coming together in support for the Kahlen’s – a family who has been hit hard by the economy, and by their daughter’s serious medical condition, tuberous sclerosis. In addition to financial assistance, they’re planning to unite the artistic community to help support Kent’s glassmaking work.

Love Drop is searching for pieces of art to sell off for the Kahlen Family.  All art is accepted, if you have prints, paintings, or photographs please donate them to the Love Drop Shop.  Proceeds from the shop goes towards helping the Kahlen’s get their finances back on track.  Donating a piece of artwork is also a great way to promote your work :)

We’ll let you know how it goes!  Thanks everyone.

My Parents’ Financial Personalities

financial personalities, financial tips, financial talk

The older I get and the more I analyze the different personality traits of my two parents, I start to understand more and more why they got divorced.  Just as in many other ways, my parent’s financial personalities are very different.

As we know, my family has several different personalities such as my Uncle, the unhappy money lover and my sister, the super saver minimalist.  My parents have two completely different financial personalities, but joined together they could create one perfect financial couple.

My Dad is a saver without a budget.  His only savings were made through his employer via automatic payroll deductions.  He has a little bit of non registered savings, but the vast majority of his money is in retirement savings.  My Dad is currently 57 years old, he retired at the age of 55 in July 2009.

My Dads savings were taken off of his pay check every week, he spent every other dollar down to the last penny.  I guess you could say that my Dad lived pay check to pay check, except that his now has a steady pension income as well as a massive wealth of personal retirement savings.

My Dad’s savings were forced.  He made the choice to save, but he didn’t make the contributions himself.  My Dad would never set up a Pre Authorized Contribution plan to contribute “his own” money to his employer pension fund, or his personal retirement savings plan.  He feels that he isn’t really saving “his own” money if he doesn’t make the contributions himself.

My Dad is a spender; he spends all of his money every week.  He pays his bills on the due date by mailing a cheque, which makes the payments late with the mailing delay.  Paying bills are not my Dad’s priority, his priority is enjoying life. He buys the food he wants to eat, he takes vacations to the places that he wants to visit, and he goes to restaurants with his favourite chefs.

My Mother is the total opposite of my Father.  She pays her bills online as soon as she receives the e-bill in her email inbox.  My Mother only spends money when she needs to, and it is usually on sale items.  My parents have this in common, they could each find a deal from a mile away.  The difference is that my Dad finds great deals on everyday items such as groceries and household necessities, while my Mother finds deals on art, furniture, and name brand clothing.

My Mother handles the finances in her household, including the bookkeeping for my Step Fathers business.  My Dad hands a lump sum of $900 over to my Step Mother every month for their joint monthly household bills.  My Dad’s lack of financial irresponsibility is partially due to his lack of interest in money management; but it is mostly due to my psycho Step Mother’s controlling personality (but that is a totally different post).

My Mother always seems to have money; she must pick it off of the money tree in the backyard that I heard so much about as a child.  The truth is that she is careful when and where she spends her money. She makes sure the cost is worth the price, and she rarely pays the original price for any item that she buys.  My Dad on the other hand, lives to spend his money. Whether it is at the grocery store or the discount store, he is always spending money.

My Dad also keeps a reserve of everything.  He has a storage room and an extra freezer full of food; however he continues to go grocery shopping every week. My Mother only has food in her kitchen cupboards and nowhere else.

My Mother is 54 and she loves working, she likes to keep busy.  My Mother is on the Board of Directors for the Airport, as well as the Small Business Bureau, and the Travel and Tourism Chamber.  My Dad spends his days playing poker and golf with his other retired friends.  Their opposite spending and saving habits are the basis of my parent’s different financial personalities.

Photo by MagBag

Make $100,000 This Year!

job opportunities, highest paying jobs, career opportunities

It’s always good to have options in our lives and our careers.  Some of us may be working in our field of study and using our Bachelor’s Degrees, Masters Degrees or Doctorates.  However, some of us may have switched our employment field from our field of study for the opportunity to earn a better income.  I was originally accepted to my University in the Department of Urban Planning.  But, after working in finance to pay for my degree, I switched my major to Economics.

According to Ask Men here are the top 10 Highest Paying Jobs in the US and the amount of time it takes to get there, according to the US Department of Labour:

The highest paying salary for a Natural Sciences Manager is just over $97,000 and takes 6 years to attain.  This job requires a Bachelors Degree along with a Masters Degree.  A Natural Sciences Manager usually works in the field of research and development for pharmaceutical, environmental and municipal organizations.  They can also be called to court hearings as an expert witness.

A Marketing Manager can earn over $100,000 per year within 4 to 6 years.  The range of duties of a Marketing Manager depends on the size of the firm and the scope of marketing efforts.  Bachelor’s Degrees are common among Marketing Managers, but an MBA will help push to earn a higher salary for executive positions.

Computer and Information Systems Managers earn their $100,000 plus in 4 to 8 years.  I remember reading somewhere that IT was one of the fields that did not suffer during the recession.  Computer and Information Systems Managers can start out as programmers or data analysts.  The interesting aspect of IT employees is that they can work for any company in any industry.  It is not like a financial planner who must work in finance, or a doctor who has to work in medicine.  The opportunities (including international) are unlimited for Computer and Information Systems Managers. Nearly ever business big and small relies on some kind of system, or has some form of company data that they maintain via computers. For this reason cyber security is also extremely important. Learn more here about getting a masters degree in cyber security online.

The $100,000 plus annual salary of an Air Traffic Controller can be earned in 9 years.  Air Traffic Controllers are very specialized and the must pass aptitude tests and register for courses uniquely with the Federal Aviation Administration.

A Lawyers salary is definitely over $110,000 with many years of school which includes the Bar Exam as well as an Internship (in many cases).  The starting salary for Junior Associates is comparable to the mid career salary of some other fields.  I have two friends who are lawyers and they have said that the range of a lawyer’s salary varies greatly.  Of course the opportunities to become judges and partners in a law firm are also available.

A Dentist can earn over $130,000.  There are 56 dental schools in the US that are accredited by the ADA.  After a Bachelors degree dental school takes 3 to 4 years to complete, or up to 5 years if a Dentist chooses to be specialized.  My Dentist is a family business, both of my Dentists sons also graduated from Dental school.

An Airline Pilot can earn over $130,000.  A four year degree is not required to be an Airline Pilot.  I have clients who are Airline Pilots and after several years of employment they are earning approximately $200,000.  I also have a client who is a scheduler for a major airline.  He handles the schedules for both Pilots and Flight Attendants, and he earns over $100,000.

An Engineer Manager earns over $140,000 per year.  They are usually the reporting manager of Natural Science Managers and Information Systems Managers.  Most Engineering Managers have Bachelor’s Degrees as well as a post graduate degree.

Chief Executive Officers can earn an unlimited salary depending on the size of the company that they work for.  However, Ask Men says the salary is over $140,000.  We all have read about the CEOs of large companies making an annual salary well into the multi millions of dollars.  A CEO does not always require a Bachelors Degree or a Masters Degree.  The title of CEO can be attained by many years of work with the same company.

Surgeons are specialized in their fields and this is why they earn the big bucks with an annual salary of close to $200,000.  I personally couldn’t be a surgeon because I can’t even watch the operation channel.

After reading this article I can see that positions in management are the highest paying jobs in the US.  I was surprised to see that positions in sales were not listed by Ask Men.  I know of many sales positions, that may or may not require a degree, where employees can earn an unlimited income based on their sales.  Medial Sales Representatives along with Financial Sales Employees can both potentially earn over $100,000.

Photo by Boetter

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