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8 Blue Collar Jobs That Pay Six Figures

The old adage is that the only way to truly make it in America is with a college degree.  And it seems even that is hard nowadays.  For evidence, all you need to do is turn on the news every night and hear disheartening stories of down-and-out college graduates working for minimum wage.

However, that is only one side of the story.  The reality is that you do not need to get a college degree to make a lot of money.  There are plenty of opportunities out there for people to make money.  Such opportunities are plentiful in so-called “blue collar” professions, or trade craft professions.  If you don’t mind working with your hands most of the day, here are 8 blue collar jobs that make six figures:

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How the Federal Reserve Increases Money Supply

To understand how the Federal Reserve increase money supply, it is important to first understand the meaning of money supply, which we will think of as: money which is available (in the economy) for use.

Second, you must remember the three parties that influence the money supply:

  1.  The Federal Reserve
  2. Banks
  3. Households that deposit money

It will be easier to understand money supply if you remember that the word “reserve” implies not available to use, so it will help to notice when “reserve” appears as we’re talking about decreasing the money supply.

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The Stock Market and the Business Cycle: Their Correlative Relationship

Many people think that investing in stocks is a surefire way to get rich and hit the jackpot.  The reality couldn’t be further from the truth.  See, the truth is that to get average returns that beat inflation, all you need to do is put it in an index fund.  Index funds will match the market returns of whichever market the index fund follows, be it the S&P 500, the Dow Jones, or the Nasdaq.  The market, on average, has been known to return an average of 10% per year.

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List of Economic Indicators to Guide Your Investment Decisions

Economic indicators are useful in telling us whether the economy is doing well or not.  They indicate whether an economy is heading in or out of a recession, or if the economy is experiencing a boom.  There are a lot of economic indicators and sometimes they may contradict one another.  Thus, it is important to look at the overall economic environment using multiple indicators to get a clearer picture of how the economy is doing. The following is a list of 27 economic indicators you can use to make investment/business decisions.  

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The 4 Psychological Phases of Asset Bubbles

Every investment/asset will have inherent risk that comes with it; no risk no reward.  The amount of risk will vary with each asset.  But no matter what kind of asset it is, there is always a chance of an asset bubble.  An asset bubble is the result of human emotion in play in the markets.  Investors get overzelous on an asset and become delusional in thinking that the sky is the limit, which creates sky high prices.  But eventually, the bubble bursts.

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The most recent bubble burst is the real estate bubble.  We saw it burst in 2007/2008 and it has only begun to recover.  A lot of people lost a lot of money when that bubble bursted.  However, a few savvy investors saw the asset bubble coming and hedged against it.  So if you want to protect your wealth or even make money when asset bubbles burst, learn to recognize the patterns in an asset bubble.  In each asset bubble, there are four distinct phases, which are: Stealth, Awareness, Mania, and Blowoff.

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Tips for Finding an Entry Level Job

You’re fresh out of school and now it’s time to look for a job.  You have very little or no prior work experience but many jobs require years of prior experience.  This is a common problem among college graduates.  There are a lot of jobs out there available but many of them require a plethora of experience to apply.

One of the first things you are probably told to do when looking for a job is to look at online job search engines; but every other college graduate is doing the same thing.  So what can you do to get the edge in the job hunt for that entry level job?  Here are four tips you can use to help you get an entry level job.

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Where Can I Get a Degree in Big Data?

Big data (also referred to as business analytics) is all the rave nowadays and information is the new currency.  As software gets more sophisticated at aggregating data, the economy is in need of people to interpret and decipher the data aggregated.

However, academia has been slow to roll out degrees that can properly prepare students for a career in big data.  While many math, computers, informatics, and statistics majors will probably end up doing quite well in the big data field, many people agree that it is time to give big data its own program.

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Do Good Looking People Make More Money?

As a society, we love to think that we have transcended judging others by their looks and beauty has absolutely nothing to do with how successful we are in the pursuits of our careers.  However, economists seem to think that our society is still as vain as ever and how well we do occupationally is still dependent on how good-looking we are.

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Will Learning a Foreign Language Make You More Money?

A lot of the rationale behind learning a second language in schools is the prospect of increase job opportunity and the ability to make more money.  However, is that really true?  Will people who know second languages earn higher wages?  And if so, by how much?  There has been a few intriguing economic studies that seeks to answer the question.

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Real Interest vs. Nominal Interest: What’s the Difference?

Start talking about money and interest rates come into the equation.  Get a mortgage, buy a house, or get an auto loan—you will hear about interest rates.  But what you may not know is that the interest rate referenced most of the time is the nominal interest rate, and not the real interest rate.  So what is the difference between real versus nominal interest rates?

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