26 min listen
My Income Journey: From <$20,000 to Nearly $400,000 in 5 Years
My Income Journey: From <$20,000 to Nearly $400,000 in 5 Years
ratings:
Length:
37 minutes
Released:
Nov 23, 2022
Format:
Podcast episode
Description
I have been—by all accounts—incredibly fortunate in my career thus far, but there are a few distinct takeaways I notice when I reflect on the last five years.
Since I went to a public state university and studied communications (not exactly a field with investment banking-level compensation), I figured I’d be a median earner forever.
Discovering the art of the side hustle (and freelancing, contract work, and online businesses) sent me down a meandering path of trial and error that I’m recounting on the show today.
When I started working, I earned $12/hour, which transitioned later to a full-time salary of $52,000. By 2021, as a 26-year-old with no advanced degree, my total cobbled-together income encroached on $400,000.
Looking back on it, I realize: The rules are fake. You don’t need to study finance or medicine at Harvard to make good money (though to be fair, I’m sure those things make it a lot easier). Regardless, it’s my hope that something in this episode will spark something useful for you.
Learn more about our sponsor, Vin Social: http://vinsocialvip.com/.
Transcripts can be found at https://www.podpage.com/money-with-katie-show/.
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Mentioned in the Episode
Money with Katie's 2023 Wealth Planner: https://moneywithkatie.com/new-2023-wealth-planner
Study on students who graduate from college without any debt: https://www.aplu.org/our-work/5-archived-projects/college-costs-tuition-and-financial-aid/publicuvalues/publicuvalues-resources/student-debt-by-the-numbers.pdf
Building a Six-Figure Side Hustle episode: https://www.podpage.com/money-with-katie-show/building-a-six-figure-side-hustle-monetizing-content-budgeting-with-variable-income/
The Role of Luck in Financial Outcomes: https://moneywithkatie.com/blog/how-a-traffic-stop-changed-my-life-luck-randomness
—
Follow Along at Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
- Instagram: https://www.instagram.com/moneywithkatie/
- Twitter: https://twitter.com/moneywithkatie
Subscribe to Morning Brew
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Follow The Brew!
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Since I went to a public state university and studied communications (not exactly a field with investment banking-level compensation), I figured I’d be a median earner forever.
Discovering the art of the side hustle (and freelancing, contract work, and online businesses) sent me down a meandering path of trial and error that I’m recounting on the show today.
When I started working, I earned $12/hour, which transitioned later to a full-time salary of $52,000. By 2021, as a 26-year-old with no advanced degree, my total cobbled-together income encroached on $400,000.
Looking back on it, I realize: The rules are fake. You don’t need to study finance or medicine at Harvard to make good money (though to be fair, I’m sure those things make it a lot easier). Regardless, it’s my hope that something in this episode will spark something useful for you.
Learn more about our sponsor, Vin Social: http://vinsocialvip.com/.
Transcripts can be found at https://www.podpage.com/money-with-katie-show/.
—
Mentioned in the Episode
Money with Katie's 2023 Wealth Planner: https://moneywithkatie.com/new-2023-wealth-planner
Study on students who graduate from college without any debt: https://www.aplu.org/our-work/5-archived-projects/college-costs-tuition-and-financial-aid/publicuvalues/publicuvalues-resources/student-debt-by-the-numbers.pdf
Building a Six-Figure Side Hustle episode: https://www.podpage.com/money-with-katie-show/building-a-six-figure-side-hustle-monetizing-content-budgeting-with-variable-income/
The Role of Luck in Financial Outcomes: https://moneywithkatie.com/blog/how-a-traffic-stop-changed-my-life-luck-randomness
—
Follow Along at Money with Katie: https://moneywithkatie.com/
Follow Money with Katie!
- Instagram: https://www.instagram.com/moneywithkatie/
- Twitter: https://twitter.com/moneywithkatie
Subscribe to Morning Brew
- Sign up for free today: https://bit.ly/morningbrewyt
Follow The Brew!
- Instagram: https://www.instagram.com/morningbrew/
- Twitter: https://twitter.com/MorningBrew
- TikTok: https://www.tiktok.com/@morningbrew
Released:
Nov 23, 2022
Format:
Podcast episode
Titles in the series (100)
#6: MY ACTUAL FINANCIAL INDEPENDENCE PLAN: The Next 4 Years of My Life: Today, we're riffing on a few things: How I discovered financial independence, what my life was like then, the progress I've made, and how my goals have shifted since then.Ultimately, we're taking a more thoughtful look at the way we approach financial goals and if – sometimes – we kinda miss the point. by The Money with Katie Show