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Talent, experience, education, luck, and risk taking are often associated with success
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In your opinion, which of these factors and what other soft or hard skills does it take
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for someone to earn six figures by the age of 30? In my opinion, it takes all of these soft and hard skills to make it by 30 years old
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Now, it is important to recognize that whatever you don't know, you can be taught and you
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can learn. There are so many educational tools right at your fingertips
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If it's expanding your education in the traditional way, reading, watching videos, finding a mentor
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or someone that can show you how. But more than anything, it is also important to have the successful mindset
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The successful mindset is one where you make sure that your mind is working for you and
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not against you, that you are aware that someone could teach you all day long how to be successful
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in your business or in your career. But if you do not believe you can be, you will not use those tools and those skills
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to benefit your success. Can someone aim both for work-life balance and a six-figure salary? Absolutely
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It is important to know from a young age what work-life balance means to you
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For each person, it means something different. There are people out there that just love what they do so much they want to do it six
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seven days a week, 10, 12 hours a day. But if you're the kind of person that needs to be recharged, if you're the kind of person
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that needs that time off to be a better performer at your job or in your business, then you
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better make sure that you are aware of what that takes. For some people, it's family vacation
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For some people, it's being alone. For some people, it's being out in nature
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For others, it might be exercise. For others, it might be a combination of all
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I've been an entrepreneur for 25 years, and my oldest is going to be 25
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I made sure that I always scheduled work-life balance as well as self-care
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That has been a key to my success. Is entrepreneurship and risk-taking really the only way for a young person to earn six figures
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No, it isn't. Now, of course, I believe in entrepreneurship, and if you are the kind of person that loves
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to work for yourself and really can see yourself as self-motivating, I highly recommend it
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because there are some great things involved in being an entrepreneur. But you can also get to six figures working for someone, especially if you're doing something
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you're good at, you're focusing on your strengths, you're giving it your all, and you add value
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to the company that you work for. So it's important to recognize what you are good at and what you enjoy doing most because
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you could be really good at something and not enjoy doing it. And if you don't enjoy doing it and don't have a passion for it, it's going to take
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a toll on you in your job or in your business, and it will burn you out
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But it is possible to earn six figures working for somebody else
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I know quite a lot of people that are doing very well in their positions in the companies
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that they work for. In your opinion, which careers or which industry should someone go into if their main career
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goal is to earn a huge paycheck? Well, there are so many options for this answer
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I believe today, computer coding and anything to do with computer science is a big one
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Obviously, that is something that's never going to go out of style and you're going
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to be needed. I think sales is also a really good career because in sales, you're getting paid commissions
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sometimes and bonuses as well as possibly a salary. And it makes it a little bit easier to get to those six figures when you're in sales
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because you really are in control of what your income might be
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I think anything that is related to commission, recognizing that that means you better work
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for it. So real estate, being a commercial real estate broker and being a real estate agent, it makes
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it a bit easier to get to those six figures as well. But anything to do with sales
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But I think also, I believe that if you do what you love and you're passionate about
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it and you add value, you can get to those six figures working for a company or having
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your own business. Given the uncertainty fueled by COVID, what would you advise someone who is hesitant taking
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a risky business or career move? I would advise you to do your research
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I would advise you to speak to people that are already in the positions that you are
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interested in being in or people that own businesses that might be something that you
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want to start one day. I would suggest that you do research online, that you learn about the need for the type
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positions that you're interested in. Even though we've gone through this crazy time, people are still successful and people
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are still needed. People still have value and people are still making money
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At the end of the day, it's about finding the right tools, the right mentors, the right
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education and the right direction. And a lot of that can be learned through educating yourself, research and knowledge of either
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speaking to others or doing that yourself. What should be the number one focus of someone who wants to sustain their wealth for the
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long term? Investments. That's my answer. Many people live paycheck to paycheck
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And when you're living paycheck to paycheck, you don't have a savings and you don't have anything you own
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So it's a great idea to figure out a way to take your money and have it make money for you
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And the best way to do that would be investments. So it could be portfolios, it could be stocks, it could be low risk, high risk, it could
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be real estate and so many things in between. I also suggest that you do research to learn what type of investments fall into the areas
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of the money that you have to invest. Some people can take more risk and some people can't
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But building your wealth and sustaining it is really about being smart with your money
