What's the fastest way to earn money to ERE?

Simple living, extreme early retirement, being wealthy, ...
User avatar
Posts: 105
Joined: Mon Aug 31, 2015 2:50 pm

Re: What's the fastest way to earn money to ERE?

Post by SavingWithBabies » Sat Sep 02, 2017 9:35 pm

The crane operators at big shipping ports supposedly pull down $200k+/year. That was what I heard at least for the port in Oakland, California.

It's overplayed maybe but software development can be lucrative. There is a wide range of employment opportunities. Like a lot of jobs, a lot of them are horrible but there are some diamonds out there. With a solid amount of experience, it's not hard to pull down $150k/year particularly if you do a stint in a major tech area (SF Bay Area, Seattle, maybe NYC, ?). I'm getting that working remote for a SF Bay Area company with midwest cost of living. My experience is the outsourcing thing was way overblown and if you have aptitude and can grind away, it's a pretty cushy job.

Posts: 2838
Joined: Fri Oct 18, 2013 9:03 am

Re: What's the fastest way to earn money to ERE?

Post by 7Wannabe5 » Mon Sep 04, 2017 10:53 am

The general rule of thumb would be any position/location combining low enforcement of standard of living with high investment in revenue/profit creating infrastructure. Factory workers in China are much less productive than factory workers in the U.S. because often producing cheaper goods. They are also much more poorly paid, but cost of "enforced standard of living" is also very low, so savings rate can be as high or higher.

IOW, job which either requires high-tech skills or uses very large expensive equipment/tools combined with a very low tech lifestyle. In the U.S., on average, more than 50% of lifestyle infrastructure, such as roads and schools and farm subsidies, is provided for citizen/worker subsequent to any personal decision regarding spending options. So, you have to look for loopholes or inefficiencies, especially in regions where provided infrastructure is even greater than average.

OTOH, when you are attempting to maximize quality of life while not earning money, you might often benefit from opposite matrix. Simple example would be taking a bike ride to a lovely public park, located in a more expensive neighborhood than you are choosing to afford, on a day you are not working. You can also enact both rules-of-thumb intermittently within overall life-style plan.

Posts: 425
Joined: Sun Sep 01, 2013 7:55 pm

Re: What's the fastest way to earn money to ERE?

Post by EdithKeeler » Mon Sep 04, 2017 11:11 am

Insurance claims adjuster. Not glamorous, and does usually require a 4 year degree though right now you might be able with a 2 year degreee--shortage of adjusters right now. Average starting salary is around 40k, and big companies offer excellent benefits. Not a path to super riches, but if you keep your costs low.... Glassdoor shows average salary around $50k regardless of years experience, but if you do specialized claims (I do), you can eventually earn $100k or so.

Post Reply