by J L Petriesan

Created on: December 05, 2008

Earn $1,000 a day? Not impossible, but not easy either. Most likely areas take schooling, a lot of if and then a lot of hard work.

$1,000 a day. Lessee, 5 days a week, 52 weeks a year. 5 time 52 times $1,000 is carry the five. . .$260,000-ish a year. Or, looked at another way, with 2,080 or so hours in a 40 hour work week (forget for a minute not many in the $250K and up range work that little a week) and that's $125 an hour. Not the easiest to find gig. In fact, out of the reach for most. Basically, in the top 1% of income earners in the US.

The most direct route to this, the one with the most chance of success once you hit the entry requirement is medicine. But to get there is daunting. Three or four years of college at or very near the top of the grade scale, four years of medical school, probably 3 - 4 years of specialist training, plus a few years as an intern to get the membership card. Remember, all this time, you will be either incurring debt and/or living on the fringe. Probably, you will be thirty when you get situated. But the pay-off is immediate entry into the $250K + arena for many specialists. Not many of us are intelligent enough or have the drive to get there.

Next might be a corportae attorney at a large, national or international prestigious law firm. Its not unheard of to make $150K to $175K to start, $300,00 or so with in a few years. Again, a very tough job to land, you have to be very good in college, graduate from one of the top law schools at or very near the top of the class.

Actuaries, after 10 or 20 years get there. Again, extremely bright people.

Partners in Big Time accounting firms used to get there fairly regularly. This takes five years of college, a CPA and perhaps 12 to 20 years of work. Yes, you need to be bright, but a field many could handle if they can wrap their heads around the tedium and accounting and their lifestyle around the demands of the profession.

Professional athletes, if they are in the NBA, NHL, NLF or MLB average quite a bit more than that. Very tough to get there. MOst never play anything other than minor league sports for way less than $100 K a year. The best strategy for sports is to use it to help get a degree into something else.

Sales. Something the average Joe can do. Or so it would seem. Talk to people, sell things, and rake in the commission. Seems easy enough till you try it. Then you find out, like everything else, only few can make it.

Business. The average CEO makes in excess of $500 K a year. Takes a long long time to get there.

Invest. If you can save $1,600 a month for 30 years, at a 10% return, then you can probably make $1,000 a day. To do this, you need a nest egg of about $3.6 million.

Probably you won't find a way to do it on the Internet or with "I made $5,000 last week at home in 15 minute" gigs. Does this mean you cannot make it that way? No. It happens. But for most of us, unless your parents left you a massive estate, the best way to get there is with education and hard work. And luck. Even those with the education and hard work need a good amount of luck to make it there.

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