How to Build a Profitable Career

When I had a job, I was receiving a good salary. I was not only able to pay my bills but also save money as well as invest money.

There are a lot of factors that determine what a good salary is, however, it mostly depend on your lifestyle and living costs. If you can save at least 20 percent of income after covering all expenses, including loan repayments, can be considered a good salary. For example, if you are earning $1000, and you can pay your entire bill with $800 and can save $200, it can be considered a reasonable income.

What is the Best Paid Job in the World?

Do you know what the best paid job is? I just did a Google search and here is the list of top 10 highest paid jobs in the US according to Investopedia.com.

1.      Cardiologist (average salary $353,970)

2.      Anesthesiologist (average salary $331,190)

3.      Oral and Maxillofacial Surgeon ($311,460)

4.      Emergency Medicine Physician ($310,640)

5.      Orthopedic Surgeon, Except Pediatric ($306,220)

6.      Dermatologist ($302,740)

7.      Radiologist ($301,720)

8.      Surgeon, All Other ($297,800)

9.      Obstetrician-Gynecologist ($296,210)

10.  Pediatric Surgeon ($290,310)

Did you notice something unique in the list? The top 10 highest paid jobs in the US are from health care industry. There is something interesting about this, out of 25 highest paid jobs in the US, 22 jobs are related to healthcare industry. Health care industry is expected to grow by 13 percent in the next 5 years.

Do you know what are the most on-demand jobs? Well, here is a list of 10 jobs that are in high demand according to a learning site Coursera.org

1.      Computer manager (median salary in the US $151,150)

2.       Paralegal (Median salary: $52,920)

3.       Technical writer (Median salary : $74,650)

4.       Web developer ($77,200)

5.       Financial manager ($134,180)

6.       Medical assistant ($35,850)

7.       Software developer ($110,140)

8.       Market research analyst ($65,810)

9.       Substance abuse counsellor ($47,660)

10.   Health services manager ($104,280)

Do you know what job tops this list? Well, they don’t tell you but the highest paid job is being a politician. A congressman’s salary in the US is $174,000, this is damn good salary, right. The US president receives annual salary of $400,000.

When you are a politician, you get a big paycheck, great benefits, and lots of extra cash. Plus, you get free stuff like travel, healthcare, a house, and a car - you don't have to pay for anything! And the best part? You can get a pension for life if you stay in office long enough. In most countries, politicians not only receive fat salary but also a lot of perks.

You will have to spend 7 years in a medical school to become a doctor, only then you will be able to earn well. You need to spend years learning data science to earn as a data scientists. But what do you need to become a politician? There is no such requirement, you don't even need a college degree or any experience. The only thing you need is to get elected to a government position, like a senator or member of parliament. If you lobby for corporations, you can earn enough for kids and grandkids.

Well, being a politician is not a bad thing though. If you're good at it, you can really change people's lives for the better.

Diversification of Skills to Build Your Career

Web design, video content creation, marketing, and writing are some of the skills I use to make money online. I offer services to clients and make money. I also use my skills on my own projects (website, videos, and ebooks) to build my additional income source, I have leveraged my diverse skillset to create multiple income streams. To build a career, you need to have multiple skills. When you have multiple skills, you have a better chance of getting hired, you also have a better chance of making money by becoming self employed. Diversification is the key to build a profitable career, either online or offline.

You need to combine hard work with smart work to become successful in your career. While hard work is essential for success, there are instances where working smart is equally crucial. Striking a balance between the two approaches ensures efficient efforts, leading to academic success, career growth, and overall achievement in life. You can start using productivity tools to work smarty. For instance, it is better to ask ChatGPT about your article topic or article outlines instead of staring at the computer screen and not being able to come up with a good idea. Instead of spending hours on Photoshop, you can start using Canva.

Whether you want to start a career or want to grow in your career, it is very important to have skills and knowledge. You can build skills and knowledge through formal education. If you were unable to attend formal education or if yo do not have higher degree, you can try short term online courses to build your knowledge and skills. These courses are packed with skilled based resources that will help you learn fast and use your knowledge to get a job or grow in your job.

What is the Number One Method to Build a Good Career?

Let me start with some basic questions. Can you earn a significant income working as a waiter in a restaurant? What about working as a watchman in an organization? Do you earn more as a watchman or an account in the organization where you are a watchman. Well, these questions don't really need an answer. To earn a substantial income from your job, you typically need a high-paying position. And to secure such a position, you must possess high levels of skill. For instance, a chef in a restaurant generally earns more than a waiter. If you want to work in the line of restaurant business, try developing skills for the jobs that get better pay.

If you're not inclined to pursue traditional employment for income, you can choose online career. Just like in the real world job market, in the online job market as well, you need to have high paying on demand skills to earn better. For example, if you possess advanced skills in areas such as video animation, video editing, programming, etc., you can earn easily $20-$30 or even more per hour. You can go and check the platforms like Fiverr and Upwork to see how much freelancers with high level skills are charging. You can see their ratings and reviews and easily calculate how much orders that are getting even when they have high fees. To build a high paying online career, consider acquiring professional-level skills in fields like data science, cloud computing, software development, blockchain development, and similar areas.

What is Less Competitive Career Filed?

People who aren't programmers, developers, animators, and other similar high paying career, or haven't worked in these field think that having high paying job skills believe that these jobs will make them a lot of money. So, they often suggest it to others. But trust me, building a career in any field including high paying and high demanding careers like programming, animation, etc. To make money with high paying careers, it is just as hard as making money in writing or graphic design. Web designers in the US might make around $50-$60 thousand a year, but for me, making even $2000 a month through web development is tough. This field is super competitive, like other careers. You need to be exceptionally talented, and most of us aren't. Before you choose any career, make sure you can actually make money in it. Don't just think about the money; consider if you're really passionate about it too.

Do You Need Formal Education to Build a Career?

School and college are not just about getting certificates. They are about learning skills and building knowledge that help you in your life. Without education, it is hard to gain knowledge. For example, if you want to start a business but do not have knowledge on business operation and management, getting formal education in college and university can help. Going to culinary school might help you become a chef and earn money. If you go to an IT school and learn programming, you will be equipped with knowledge and skills that can help you earn a lot of money from a single project. Education can be expensive, but if you can't afford it, you can still learn on your own.

How to Transition Into a New Career

If you have good language and writing skills, you can make money by writing online, however, but if you have been doing this, you will notice that there is a limitation on how much you can earn. In a situation like this you might want to transition into a new field. You might be earning better if you become a video creator. Many social platforms allow you to publish videos and monetize your videos, and if you can create engaging content and build an audience, you can make a lot of money over time. But how do you transition into a new career? Well, the most important thing is start learning skills in the niche you want to try.

How to Avoiding Career Mistakes

No matter what career line of business line you are in mistakes happen, but we can make them less frequent and minimize the risks caused by our mistakes. Ignorance, overconfidence, and lack of skills often lead us astray. These things make us commit mistakes. To avoid these pitfalls, build your knowledge and expertise through research, learning, and seeking advice from others. Foresight also plays a crucial role in avoiding mistakes. If you can predict the consequences of your actions, you might be able to navigate the right path. For example, if you can predict consequences of certain step you take, you might easily avoid making mistakes.