What if you could have high income skills that would give you the ability to take care of your family, pay other people to do those boring chores, or stop thinking about whether you can afford $4 lattes every morning? What if your job could mean more to you than just a passion or a paycheck?

If someone else could mow your lawn, or if you could go out for dinner more often without checking you’ve paid your bills first – imagine what your lifestyle would be like. Imagine how your life would change if you had high income skills.

What Are High Income Skills?

High income skills are skill sets that will earn you an income of $10,000 or more each month, or $120,000 or more a year. To put that number in context, Americans have a median household income of $61,000.

That means if you took all the total incomes of American families and lined them up from small to large, the income number you see the most often is $61,000.

Most families are making HALF what they could be making with high income skills! In a study of the cost of living for 25 of the largest cities in the USA, they found a range from $40,000 in El Paso, Texas, to $110,000 in San Francisco.

High income skills would give you enough income to cover the cost of living for all 25 of the largest US cities in this study, including, LA, Boston, and Washington, DC.

Here’s another way to think of the high income lifestyle.

It would mean picking up the phone to call the plumber when your bathtub has a problem, instead of wasting hours watching YouTube videos so you can learn to fix the problem yourself to save money. (Unless you enjoy fixing things, which I don’t.)

Now, you might be wondering, what if you don’t have a high income skill right now? How can you get one? Or, if you don’t want to go back to school to retrain, can you still acquire high income skills?

You can upgrade to a high income skill while on the job or return to school for training. Here is a list of high income skills that will make you 5 to 6 figures a month.

List Of High Income Skills To Learn

1: Software and Web Development

2: Entrepreneurship

3: Copywriting, Business Writing, Technical Writing

4: Specialized or Technical Skills

5: Web Design and Digital Marketing

6: Teaching, Training or Coaching

7: Supervising Teams and Operations

8: Legal and Administrative Skills

9: Sales, Closing, Deal Making

10: Public Speaking

11: Creative Skills

12: Financial Skills

13: Cyber Security

14: Artificial Intelligence

15: Digital Content Creation

Maybe you’re not sure which high income skills you should learn, or which one interests you more. Start by thinking about your soft skills – the traits that help you to interact with other people. Are you creative? Do you like to persuade?

LinkedIn rates those two soft skills as the two most in demand this year. It has also rated the top in-demand hard skills – the teachable skills that you learn at school. Cloud computing and artificial intelligence are at the top of the list for 2020.

If those two skills interest you, you might consider working in technology. Here are some of the other highly rated soft skills and hard skills for this year.

 

High Income Skills - DanLok.com - Most In Demand Skills and Occupations

The Most In-Demand Skills and Occupations - Infographic: pic.twitter.com/KQn2VSrBCh Click To Tweet

High Income Skills - DanLok.com - Software and Web Development

Do you love creating things? Does the idea of Artificial Intelligence (AI) changing and improving our lives fascinate you? Would you like a job that requires you to constantly evolve and learn?

If the answers are yes, then you should point your feet in the direction of software development so you can learn more about topics like cloud computing.

Software and web development applies to all industries, not just IT, technology and gaming. There is business analysis, marketing, and medicine. In our modern world, it’s difficult to find an industry that software and web development has not touched.

Web development is the work involved in developing a web site for the Internet or an intranet. It can range from developing a simple page of plain text to complex web-based internet applications, electronic businesses, and social network services.

Software development – designing and coding background software to support application development. You would need to learn computer languages such as C, C++, Ruby, Python, and Java.

What You Would Do On The Job

Depending on your specific role, you might:

  • Supervise and coordinate the building and maintenance of new computer systems.
  • Set up intranets.
  • Install and configure computer systems.
  • Coordinate network security.
  • Develop new computer systems, hardware, and software.

How You Would Train For This Work

Software Developer

  • Get a bachelor’s degree in software engineering, computer science, or similar field.
  • Focus on software-building classes and similar courses and learn to write code and program computers.
  • Learn about the industry you will be employed in (such as understanding finance if you will be a software engineer at a bank).
  • Continually learn, to keep up with the rapid pace of technological evolution.

Web Developer

  • A bachelor’s degree, usually in computer science, communications or business or completion of a college program in computer science, graphic arts, web design or business.
  • Experience as a computer programmer or graphic designer.

Income Range

Software Developer

Median salary: $98,000 – $107,000

Lowest 10% earn: $55,000 – $66,000

Highest 10% earn: $157,000 – $164,000

Web Developer

Lowest end: $36,000

Highest 10% earn: $160,000

DanLok.com - Software and Web Development
Examples of yearly income for the top 10% of each occupation.

 

Skip to Skill 3.

 

High Income Skills - DanLok.com - Entrepreneurship

Becoming An Entrepreneur

How would you like to choose your own work hours and income level? How would you like to be your own boss? Many dream about this ideal life, but you need to be prepared for the shift in mindset and the change in lifestyle.

It’s easy to fantasize about becoming a Mark Zuckerberg or Elon Musk but the majority start a business that eventually dies in silence.

Why? Most fledgling entrepreneurs trade a 40 hour a week job for a 70 to 80 hour work week. About 30 percent of startups fail in the first one to two years of business, and depending on many factors, don’t make a profit in their first year.

Entrepreneurs typically step into a hamster wheel and struggle to get out of it.

The entrepreneurs who do succeed share similar traits: resourcefulness to synthesize different skills and business opportunities to generate revenue and cash flow. Some ease into the life by having a day job while they transition into a side business or side hustle.

For example, they run a scalable online business or e-commerce store. Or they flip items by “tuning in” to the right opportunities. I had a one-man copywriting business which became a consulting business.

Becoming An Influencer

Or you may want to become a social media influencer. They’ve become more popular now that we have streaming music, DVRs and ad blockers. You might follow an influencer or two yourself on social media because you like to see what exotic places they are visiting or what fabulous new clothes they are wearing.

The possibilities for starting your own business are limitless if taking a risk is up your alley.

I became a multi-millionaire at the age of 27, after falling $150,000 into debt and failing at 13 businesses. So, unlike a job, the sky’s the limit for your income, but the road to success is typically like a wild roller coaster ride, both financially and emotionally.

What You Would Do On The Job

For entrepreneurs, depending on the type and size of business you have, you will:

  • Put in long hours, including weekends and holidays.
  • Develop a business plan and get financing.
  • Hire labor and provide leadership.
  • Invent goods and/or services.
  • Solve problems the business is having.
  • Do an analysis of the marketplace/identify your customer base.
  • Identify sales and distribution channels.
  • Find out about local regulations and laws.
  • Set up a website, manage social media and/or e-commerce site.
  • Create a personal brand and find a niche market

To be an influencer you would:

  • Create your own online brand and business.
  • Find a niche, such as lifestyle, sports, beauty or fashion.
  • Develop a content strategy and distribute your content on social media.
  • Develop a following on social media platforms such as Instagram. You want at least 2000 to 100,000 followers.

How You Would Train For This Work

To become an entrepreneur, you would:

  • Build a diverse skill set. For example, if your business requires employees, you may need to learn leadership skills.
  • Learn how to promote and sell yourself and your skills by taking classes or watching videos/ listening to podcasts.
  • Constantly learn about your business and industry through workshops, podcasts, reading books, etc.
  • Identify and build relationships with one or more mentors.
  • A formal education by taking entrepreneurship courses, business degree, or masters degree in business, marketing degree. It is also possible to be self taught about all aspects of the business. 
  • Personality is more important than training to succeed in entrepreneurship. People who are risk takers, independent, and unafraid to fail have a higher chance of success.

To be an influencer you would:

  • Learn how to use social media platforms (you decide which ones), content creation, self promotion, and analyzing engagement.
  • Learn how to create a social media strategy in a niche that will make you stand out.
  • Formal education or training is not required. You can be entirely self taught. 
  • Personality is very important. You don’t need to be outgoing, but you can’t be squeamish about sharing your life with thousands of complete strangers.

Income Range

Entrepreneurs 

Lowest earn: $0 (no profit after paying expenses)

Highest earn: billionaire status (Bill Gates, Jeff Bezos, Larry Ellison)

Influencers

Lowest earn: $0 (no fans or not making money from fans)

Highest earn: millionaire status (PewDiePie, Kylie Jenner, DanTDM)

 

Skip to Skill 4.

High Income Skills - DanLok.com - Copywriting, Business Writing, Technical Writing

Imagine using your written words to grip the attention of thousands, compelling them to read every word until the last page. Imagine creating stories, speeches, or handbooks that inspire or teach, or more importantly, change countless lives for the better.

Writing comes in a wide range of types, from copywriting for advertising copy, producing pitch decks and presentations, to direct copy for marketing, advertising, newsletters to social media posts. 

You could also write books, scripts, magazine articles, speeches, and handbooks. This group includes self publishing (publish your own work), blogging for a company, and ghostwriting (writing for someone else).

Both the writing topics, work volume, and income will have a wide range, depending on the writing that you do, and whether you are employed or self employed. 

What You Would Do On The Job

Copywriters

  • Prepare advertising copy for publications, online, television, and social media.
  • Work with their clients to develop marketing campaigns.  

Business Writer

  • Prepare reports, such as sales proposals, for a business development department.
  • Write reports about internal projects like re-engineering, parts of annual financial reports, business plans, or strategic plans.

Technical Writers

  • Prepare technical written content which is easy to understand. 
  • Write maintenance manuals, instructions, and project proposals. 
  • Edit manuals and determine what illustrations, photographs, diagrams, and charts to use.

How You Would Train For This Work

Copywriters

  • Take a course on their own or completely learn on the job with an advertising agency.
  • Complete a bachelor’s degree in English, journalism, communications, advertising, marketing, or public relations to increase their chances of higher income and/or better jobs.

Business Writer

  • Bachelor’s degree in communications, journalism or business.

Technical Writer

  •  Bachelor’s degree in English, journalism, communications or a related field. 

Income Range

Copywriters:

  • Bottom 10%: $31,700  
  • Median income: $62,170  
  • Top 10%: $121,670 

Writers, Business Writers, Authors:

  • Bottom 10%: $25,400
  • Median income: $56,200
  • Top 10%:  $97,700

Technical Writers: 

  • Bottom 10%: $35,500
  • Median income: $58,000
  • Top 10%:  $91,700

Income estimates depend on the city where you work, number of hours worked/projects completed, and whether you are employed/self employed. The top 10% of the writers in this industry have made the following income:

DanLok.com - Copywriting, Business Writing, Technical Writing
Yearly incomes for the top 10% of writers in different categories.

Want to learn copywriting? Click here to learn about my early access program.

 

Skip to Skill 5.

High Income Skills - DanLok.com - Specialized or Technical Skills

What if you like to study to learn high income skills that can save lives, or create inventions that people can enjoy for generations? And what if you like to study and hone a craft over the years to make you highly sought after and highly compensated?

Industry-specific jobs require years of study, but if you love what you do, then it’s not work, it’s a passion or a hobby. Some of these jobs require a bachelors, masters, or doctorate degree. Others require study at a trade school. A third group requires years of on-the-job training and promotion within the industry.

People with years of experience or several years of training can make a high income with these types of jobs. Here is just a small sample of high income skills for specialized jobs that require higher education or years of on-the-job training.

Healthcare

The healthcare and medical industry requires some of the most specialized skills training. It’s not an exaggeration to say that lives are at stake. If you’re lucky, you’ve never needed help for a toothache, a non-stop cough, a broken arm, or any long list of health problems. 

The median income for many of these jobs are high income. They require at least a college degree or a college diploma to get started in the industry. Those making a high income have least a degree and years of on the job experience. Here are just a few examples:

  • Dentist……..…..….. $151,440
  • Physician……..…… $192,930
  • Surgeon……………. $208,000
  • Nurse Midwife……. $100,590
  • Nurse Practitioner… $103,880

Engineering

If you like to find solutions for real world technical problems, and you love math and science, your passion could be in engineering. Engineers design and develop buildings, structures, electrical control systems, water transportation systems, airplanes, machines and other instruments.

Here are some high income engineering fields where the median salary is six figures or the top 10% is six figures. All of these jobs require a bachelor’s degree and senior or manager level experience to make a high income.

Petroleum Engineer

  • Devise methods for extracting gas and oil from beneath the surface of the earth. 
  • Ensure that all relevant equipment is installed and operating correctly, and may supervise the drilling process. 
  • Median salary: $130,280

Nuclear Engineer

  • Research, design, and develop processes for the safe utilization of nuclear energy and the safe treatment of nuclear waste. 
  • Work with power generation, or in industrial or medical applications such as medical diagnosis equipment.
  • Median salary: $104,270

Chemical Engineer

  • Apply specialized knowledge of chemistry, engineering, and physics to the design and manufacturing of chemicals, chemical plant equipment, drugs, food, and fuel.
  • Design and evaluate manufacturing processes, improve chemical plant safety and efficiency, and produce compounds for a wide range of applications.
  • Median salary: $94,350

Construction

  • If you like working with your hands and you don’t mind working indoors or outdoors in hot sun or freezing rain, you might want to become an essential part of civilization’s survival. We need construction workers to build or repair our homes, freeways, public buildings, power facilities, bridges and utility systems.  

The training you need to work in construction depends on which job you choose, such as carpenter, welder or electrician. It ranges from a bachelor’s degree to a high school diploma to on the job experience. But if you’re looking to make a high income, then you’ll need a degree and several years of work experience until you work your way up to a senior or manager level in the company.

Construction Manager

  • Manage the construction process for buildings, bridges, roads and other structures.
  • Responsible for all aspects of construction, including planning, coordinating, budgeting and supervising construction projects.
  • Construction Managers made a median salary of $91,370 in 2017. The best-paid 25 percent made $121,570 that year, while the lowest-paid 25 percent made $69,470.
DanLok.com - Specialized or Technical Skills
Examples of yearly income for top 10% of occupations.

 

Skip to Skill 6.

High Income Skills - DanLok.com - Web Design - Digital Marketing

How important are web designers and digital marketers? Just imagine wanting to Google some information… and finding nothing on the internet. Imagine checking your social media accounts, like Facebook and Instagram… and discovering they no longer exist.

In this modern age, we expect to find information about businesses, the movies, and addresses from online searches. And although you didn’t pay for your social media account, the platform makes money from digital advertising.

Web Design

So what exactly do web designers do? They create attractive and fully functional websites that have an important role in today’s modern world of business. 

What You Would Do On The Job

  • Organize information, create content and design the layout of the content on a web medium.
  • Create a unique user experience while still communicating a message.  
  • Design a brand identity online using unique graphics, colors, layout and fonts.
  • Use Photoshop, and might use HTML, CSS, HTML, and JavaScript.
  • Website maintenance.
  • Optimizing websites for different devices and audiences.

How You Would Train For This Work

  • You can be self taught through real-life experience building a portfolio, or watching / reading tutorials provided online.
  • Many study for a bachelor’s degree in graphic design or computer science to learn the scripts, coding, design, and marketable skills you would need. It may take years or a lot of experience to reach a high income.

Income Range

  • Median: $65,000
  • Top 10%: 103,000

Digital Marketing

Digital marketers generate leads and build brand awareness using digital channels such as company websites, social media, search engine rankings, email marketing, online display ads, and/or corporate blogs.They design converting sales funnels, campaigns, and landing pages.

What You Would Do On The Job

Some examples of what you would do as a digital marketer:

  • Develop marketing strategies.
  • Manage ad campaigns and search engine optimization.
  • Track key performance indicators.

How You Would Train For This Work

  • Get a degree in marketing or communications.
  • Learn on the job through an internship.

Income Range

  • 3-5 years of experience: $100,000+
  • 6-10 years of experience: $100,000 – $150,000
  • 11-15 years of experience: $150,000+  

More info on salaries and experience. 

DanLok.com - Web Design - Digital Marketing
Examples of yearly income for top 10% in various occupations.

 

Skip to Skill 7.

High Income Skills - DanLok.com - Teaching, Training, Coaching

It takes a special kind of talent to teach students well. This skill set is the overall ability to transfer skills and knowledge effectively to others through training, educating, mentoring, or coaching.

Do you have an area of expertise that you would like to teach people about? And are you an excellent communicator and listener? Do you have the patience to help others learn something at their own pace? 

More than ever before, it’s possible to reach a large audience to share your skills and knowledge. For example, you can:

  • Publish tutorial videos on YouTube to teach people about do-it-yourself repairs, make-up and hairstyling, languages, and more.
  • Teach cooking or music classes at a community center or local college. 
  • Give lectures at a university or an online education platform.
  • Train clients at a gym or studio to learn a sport, dance, or other hands-on skills.
  • Host workshops and events to coach people on a bigger platform.
  • Mentor or coach individuals with their personal and professional lives.

I personally have educated other entrepreneurs on business topics through my YouTube videos, in-person workshops, and platform speaking events.

It’s possible to make a six figure income from teaching, training or coaching. Your income will depend on many things, including how specialized your expertise is, how much students or clients are willing to pay for your knowledge and training, and how in demand you are.

Teaching or Training

You can probably name one teacher or trainer who has had a profound impact on your life. Formal education and specialized teachers work in many different types of settings, from public to private schools, post secondary institutions, technical schools, online courses, studios, gyms, or business organizations.

What You Would Do On The Job

Depending on what you teach and where you are teaching (in person/online), your work as a teacher or trainer can include:

  • Planning the program and activities of a school.
  • Researching and developing new curriculum.
  • Teaching highly specialized subjects at the post secondary level.
  • Designing and teaching online courses.

How You Would Train For This Work

  • Complete a bachelor’s degree in education and possibly a master’s degree as well as completing a practicum and on-the-job training.
  • Have a specialized, in-demand area of expertise and teach in a setting that doesn’t require a teaching degree, such as setting up your own online course.

Income Range 

Median pay: $23,600 to $88,300 depending on what you are teaching.

Teaching that pays $100,000+: Superintendents, Principals, Specialty Teachers.

Mentoring or Coaching

At this time, coaching is not regulated by any country or state but the profession is in demand by people who want small group or one-on-one support and guidance. There are many different types of coaches. Life coaches, dating coaches, and business coaches are just some examples.

What You Would Do On The Job

  • Assess a client’s strengths and weaknesses in the area that they need coaching (dating and relationships, life, health and wellness, fitness, business).
  • Help client to set goals to overcome their barriers.
  • Assess the client’s progress and improvement.

How You Would Train For This Work

  • No specific type of training is needed. But they need a proven track record and depending on the area of expertise, a bachelor’s degree is required.
  • Joining ICF (International Coach Federation) for coach training and networking opportunities.

Income Range

  • Business coaches: Average of $70,400, but ranging from $37,000 to $104,000.
  • Life coaches: Global average is $51,000. North American average is $61,900. The range is $27,019 – $210,933. 
  • NCAA highest paid basketball coaches: multi-million dollar income.

DanLok.com - Teaching, Training, Coaching

 

Skip to Skill 8.

High Income Skills - DanLok.com - Supervising Teams and Operations

Do you have a fine eye for detail and organization? Do you love responsibility and working under the pressure of deadlines? 

Companies would often fall behind on deadlines and incur higher project costs if they didn’t have someone to help keep them organized. This skill set combines several abilities:

  • the ability to create systems that make projects and operations more productive
  • the motivation to lead
  • the competence to manage multiple responsibilities capacity to guide a team towards its objectives

With a title like Operations Manager, Systems Developer, or Project Manager, you will be managing and delegating work to people on your team.

What You Would Do On The Job

  • Assume full responsibility for successfully initiating, designing, planning, controlling, executing, monitoring, and closing a project.
  • Use project management tools to plan, budget, monitor and report on a project.
  • Bridges between upper management and the teams tasked with the actual execution of the project.
  • Work in all industries, from tech and IT to human resources, from advertising and marketing to construction.

How You Would Train For This Work

  • Completion of a bachelor’s degree, and in some cases a master’s degree is preferred, along with several years of work experience in the industry.
  • It’s possible to become a project manager if you already have a senior role and an excellent track record in a company, and they ask you to learn to be a project manager while on the job.

Income Range

The income for a Project Manager depends on experience and industry.

  • Average salary: $90,139
  • If you have less than 2 years of experience, you could make around $70,000
  • If you have 6 or more years of experience, you could make $108,000.
DanLok.com - Supervising Teams and Operations
Examples of yearly incomes for top 10% in these occupations.

 

Skip to Skill 9.

 

High Income Skills - DanLok.com - Legal and Administrative Skills

What if you could help someone and change their life because you have the ability to precisely recall facts? 

Legal skills have an important role in our everyday lives. If legal skills or administration skills interest you, and you’re looking for high income skills, be prepared to do some studying and gain some years of on-the-job experience.

Legal skills apply across all types of industries. Corporate and trademark law apply to many types of businesses. Criminal, immigration, and divorce law impact our personal and professional lives. 

The legal profession has two main branches – solicitors and barristers. But there is now a trend for more legal related roles, such as chartered legal executives, paralegals, apprentices and more. We will be focusing on the high income skills of lawyers.  

What You Would Do On The Job

  • Advising clients on the law and the strength of their case.
  • Researching relevant areas of law and proposing courses of action to clients.
  • Drafting letters, contracts and other legal documents.
  • Representing clients in court, including presenting the case and cross-examining witnesses.

How You Would Train For This Work

  • Complete a bachelor’s degree to be admitted to law school. Then you complete a Juris Doctor degree and pass the bar exam. It is not possible to become a lawyer by learning on the job.

Income Range 

  • Lawyer $119,250 (median)
  • Corporate Lawyer $165,000
  • Litigation Lawyer $102,000
  • Chief Legal Officer $205,319 (average salary; few positions available)
DanLok.com - Legal and Administrative Skills
Yearly income of top 10% in these occupations.

 

Skip to Skill 10.

 

High Income Skills - DanLok.com - Sales, Closing, Deal Making

The ability to sell is one of the most important high income skills in life. If you can’t sell a potential client or employer to hire you or do business with you, your career won’t go far.

Your negotiation and social skills can bring in revenue for a business or change a person’s life. We’re not just talking about selling someone a car or a dream vacation package. You can impact someone’s life by selling them on investing in a course that will teach them a new skill.

Sales can include a wide range of skills, from prospecting cold leads and increasing their interest in your product or service… to making deals to raise capital or create strategic partnerships… to closing deals on products or services.

Sales skills are needed in all industries to make and close deals. E-commerce, finance, healthcare, IT, real estate, entertainment and media, politics, and corporate are just some of the areas.

If you’re looking to make a six figure income in sales, it’s highly possible with mentorship and sales training. I have mentored thousands of students worldwide to become high ticket closers on inbound offers for products and services that are $2500 to millions of dollars.

Sales jobs exist in every industry, with a wide range in income that depends on the product or service you are selling, the industry, and whether you are paid by commission or salary. 

Sales professionals who are highly skilled at sales and sell offers with high commissions (houses, life insurance, high priced business courses) can make a six figure salary after only a short period of training.

High Ticket Sales

Here is a sample of just some of the sales positions available.

What You Would Do On The Job

  • Real estate agent (residential): coordinate appointments, take clients to open houses, commit to showings for clients, develop marketing plans for listings; and negotiate offers.
  • Insurance sales agent: sell property, health, life, and long-term care insurance.
  • Medical device sales representative: sell medical devices to private practices or public hospitals.

How You Would Train For This Work

  • Real estate agents must pass state/national exams and be licensed in the state/province where you work.
  • Insurance sales agents require a high school diploma, and must complete courses and exams to be licensed where you work.
  • Medical device sales representatives have at least a bachelor’s degree.

Income Range

  • Real estate agents make $56,860 on average per year; top-selling agents earned more than $166,940.
  • Insurance sales agents make $48,200 per year on average; the top 10% earned more than $122,590.
  • Medical device sales representatives make $147,857 per year on average (with an average base salary of $87,916). 

DanLok.com - Sales, Closing, Deal Making

Skip to Skill 11.

High Income Skills - DanLok.com - Public Speaking

Do you have a magnetic personality and a strong voice? Are you good at making people laugh or cry… and most importantly, can you motivate them to take action? Are you an excellent storyteller? 

If the answer is yes, then your future could be in public speaking. Maybe you want to motivate people or teach personal development like Tony Robbins at his events. Or entertain a crowd with your storytelling like Lilly Singh (Superwoman). 

If you have a passion for inspiring thousands of people at live events, you can use the stage as your platform to share your talents or business.  

Many people fear or hate public speaking. So many things could go wrong, such as forgetting your lines, or talking about something that bores your audience to tears. But if you remember your lines well and you desire to deliver an important message, you could be a public speaker.

We’ll focus on one type of public speaker: motivational speakers. They inspire people to make changes and then teach them how. You might have seen the crowd in tears or cheering thunderously after hearing a speech from a motivational speaker. What exactly does a motivational speaker do?

What You Would Do On The Job

  • Prepare well-crafted speeches that feel compelling to the listener. 
  • Present speeches at conferences, business meetings, religious gatherings or community events. Often travel comes with the job.

How You Would Train For This Work

  • Become an expert in your field of study (healthcare, business, spiritual growth, personal growth, entrepreneurship, medicine, etc)
  • Join Toastmasters to learn the basics or hone your speaking skills.
  • Get a degree in communications. A formal degree is not necessary. Only about 21% of people are full time motivational speakers. Most have a day job.

Income Range

  • Motivational Speakers: The median annual salary for motivational speakers is $107,173. The lowest earners in this field earn $10,860 while the highest earners could earn upwards of $312,000 annually.
  • Public Speakers (higher income range, speech makers): $123,400

 

Skip to Skill 12.

High Income Skills - DanLok.com - Creative Skills

You want to wow your audience with feelings of amazement and maybe a little envy. You want them to say, “I love what’s she’s wearing. I want to look just like her.” 

If you’re highly creative, your passion may be to inspire your audience with a profound message. When they pass your artwork on display, you want them to stop and think about what you’re trying to say. You want to them to take a photo and share.

If you’re highly creative, love fashion, or want to impact the world in an artistic way using hands-on skills, you can become a multimedia artist, hairstylist, costume designer, or make-up artist.

You would need some secondary school education, completion of an apprenticeship program and/or trades certification to work in this industry. On the job experience is very important. 

The majority of workers in this industry make a modest or middle-class income. Your chances of making a high income increases if you work with affluent clients or become a celebrity-authority yourself.

Artists

The richest artists in the world create displays, paintings, sculpting and street art. These artists are worth millions of dollars. (Damien Hirst (a billion), Jeff Koons, Jasper Johns, David Choe). 

Hairstylists

Celebrity hairstylists make about $100,000+ styling celebrities and creating their unique and individual looks.  

DanLok.com - Creative Skills
The yearly income of the top 10% for these occupations.

 

High Income Skills - DanLok.com - Financial Skills

What if your math skills could save someone from serious financial trouble? What if you could help a company improve its revenue or give a client peace of mind about their finances when they retire?

Accounting, economics, statistics, investing, and day trading affect our personal lives (our own investments) and our professional lives (cost of living, our income). We can all benefit from someone with strong financial skills. 

Some of the highest paying jobs in the financial industry are in retail banking, investment banking, insurance, brokerages, hedge funds, and private equity. Here is just a small sample of jobs in this industry.

What You Would Do On The Job

  • Insurance agents sell life, health, auto, homeowners, and many other forms of insurance.
  • Economists study inflation, employment levels, taxes, business cycles, and interest rates, and prepare reports to present their data.
  • Financial managers supervise direct investment activities, financial statements and reports, develop cash management strategies, and are involved with planning and implementing long-term company goals.
  • Accountants analyze budgets, tax returns, and financial records to ensure that businesses are operating efficiently.

How You Would Train For This Work

  • Insurance agents need to have a high school diploma and they need to study for and pass an insurance licensing test. A bachelor’s degree is useful but not necessary.
  • Economists have at least a bachelor’s degree but most have a masters or PHD degree and a strong math background.
  • Financial managers at minimum have a bachelor’s degree and professional certification. Previous experience as a loan officer and a master’s degree are a strong bonus to have.
  • Accounts have an accounting degree at minimum but some study for an MBA.

Income Range

  • Insurance Agents: between $24,600 to $115,100. The median salary is $43,900. (Some insurance jobs are salaried but others are commission based.) 
  • Economists: between $51,000 to $155,000. The median salary is $91,000.
  • Financial Managers: between $50,300 to $145,600. The median salary is $91,000.
  • Certified Public Accountants: $80,000 to $110,000 yearly.
DanLok.com - Financial Skills
Examples of yearly income of top 10% of these occupations.

The Truth About Developing High Income Skills

A six figure yearly income can make a huge difference in a person’s lifestyle. It’s the difference between constantly wondering “Can I afford it”, and not minding if you’re getting $4 coffees in the morning. 

But how long does it take to master high income skills? Weeks or even years, depending on your dedication and how often you implement the skill. For example, high ticket closing and copywriting can be mastered much faster if you dedicate time to serious practice and if you have a mentor to give you feedback for improvement.

For each of the high income skills of 2020, your ability to learn about your specialization (copywriting, digital marketing, public speaking, sales, etc), whether you work for an employer or you’re self employed, and the city/country where you work will all affect how much you make. 

People in highly specialized fields may require years of work related experience before they make a high income. Other people who have the discipline and mindset can make a high income within weeks, although this is more typical for commission-based work.

Your ability to sell your skills to employers or clients has a tremendous impact on your income. Closing skills makes a difference in the types of clients you work for (high paying ones ideally) or the jobs you accept (closing your future employer on compensating you at the high end of your income bracket).


J30-Skill-13-High-Income-Skills-Cyber-Security

As we become more reliant on technology, our vulnerability to cyber attacks increases. Have you thought about what would happen if an attacker got hold of your banking information? Or gained access to or damaged your computer?

We are living in an era where threats like malware, ransomware, social engineering and phishing have become everyday words our parents hadn’t heard of. Cybersecurity affects everyone. Imagine getting an email from someone you thought was your best friend Jane, asking you to “click here”.

Cyber attacks increased by 59% in 2018, peaking at 80 attacks a day. Working to protect us against these threats are people in occupations with titles such as these:

  • Analyst
  • Security Engineer
  • Architect
  • Security Administrator
  • Software Developer
  • Cryptographer
  • Cryptanalyst
  • Security Consultant

What You Would Do On The Job

  • As a security analyst, you would install software, such as firewalls, to protect computer networks. Your job is to keep proprietary and sensitive information secure by monitoring access and analyzing the cause of breaches if they occur.
  • A security engineer sits in front of a computer screen, installing firewalls and intrusion detection. You would also be developing proper security measures for the company.
  • Security software developers supervise a team in the development of secure software tools and develop a company-wide security strategy.
  • A security consultant is an advisor and supervisor for all security measures for a company. They coordinate security specialists, analyze security measures, and establish protocols and policies.

How You Would Train For This Work

  • As a security analyst, you would have a Bachelor’s degree in computer science, programming, or other related program, and 1 to 5 years of on-the-job experience.
  • Security engineers usually have a bachelor’s degree in computer science or a related field of study and several years of real life experience. They will also be familiar with Cyber security trends, security methodologies, OSI model, TCP/IP stack, C++, Java, Python Net, bash, and power shell.
  • Security software developers likely have a degree in computer science and on-the-job training. Some have a master’s degree and many begin their careers as a normal software developer.
  • Security consultants usually have a bachelor’s degree in Law Enforcement, Criminal Science, Computer Science, or Security and a minimum of three years of experience.

Income Range

  • Security analysts: the MEDIAN annual salary is $92,600.
  • Engineers: AVERAGE salary is $107,000.
  • Security software developers: between $47,600 to $106,800.
  • Consultants: average salary is $73,000, with a range of $51,000 to $102,000.

J30-Skill-14-High-Income-Skills-Artificial-Intelligence

What’s the difference between AI (Artificial Intelligence) and augmented intelligence? AI has been “causing the general public to have unrealistic fears about artificial intelligence and improbable expectations about how it will change the workplace and life in general.” Will we be replaced by robots?

The new term “augmented intelligence” is meant to neutralize those fears, and focus on how AI can enhance human intelligence instead. There is weak AI, such as Apple’s Siri, and strong AI, which can find solutions without human intervention.

By 2020, AI will replace 1.8 million jobs and create 2.3 million. And 83% of companies using AI believe that it is already adding jobs.

What You Would Do On The Job

  • Machine learning engineers are programmers but they also create programs so that machines will take an action without being programmed to perform the task. Practical applications include personalized news feeds and tailored web searches.
  • Data scientists complete tasks such as collecting large amounts of messy data and transforming it into a more usable format, solving business-related problems using data-driven techniques, and working with a variety of programming languages, including SAS, R and Python.
  • A business intelligence developer works with software and databases. They are responsible for ensuring that appropriate IT solutions are in place, so they test and code, debug and design, and implement the tools that they have developed.
  • Computer vision engineers
  • A computer vision engineer applies computer vision research based on a large sum of data to solve real-world problems. They spend much of their time researching and implementing machine learning.

How You Would Train For This Work

  • Machine learning engineers have a master’s or doctoral degree. They also have experience in programming and with languages such as C++ and Java.
  • Data scientists obtain a data science degree.
  • Business intelligence developers have a bachelor’s degree in programming or computer science, as well as least seven years’ professional experience.
  • Computer vision engineers have a bachelor’s degree followed by a master’s degree in computer science.

Income Range

  • Machine learning engineer: $142,900.
  • Data scientist: $141,800
  • Business intelligence developers: average $95,000, with a range of $40,000 to $172,000.
  • Computer vision engineer: MEDIAN $136,000, with a range from $69,000 to $184,000.


J30-Chapter-15-High-Income-Skills-Digital-Content-Creation

Imagine watching a movie or listening to a podcast produced on someone’s personal computer and shared around the world. More and more work can be done from the comfort of our own home, in our pajamas, with our pet cat or dog curled up next to us. Thanks to software developers, digital content creators can excel and create opportunities with brands and influencers.

The content marketing world alone is a $44 billion industry, making content creator jobs abundant in just about any industry under the sun.

A study polled over 300 directors, vice presidents, C-level marketing executives, as well as hiring managers about trends in marketing departments. They found that digital advertising (27%), followed by content creation and curation (23%) and content strategy (20%) are the skills most in demand. Digital content creation will continue to be in demand.

What You Would Do On The Job

  • Digital photographers use a digital camera that stores the shot on a special disc. The photographer uploads the images onto a computer and uses processing software to enhance and modify the picture.
  • A video editor edits raw video or film footage for TV shows, commercials, films, and even internet-based media. An editor will also work very closely with a film or commercial director.
  • Audio producers focus on audio in media, including location recording, sound for film, acoustics, live mixing, and post production.
  • A videographer records videos for television, internet, and film, usually on electronic media. They may need to direct multi camera studio equipment.

How You Would Train For This Work

  • Digital photographers preferably have a bachelor’s degree in photography, or an associate degree with years of experience.
  • Video editors have bachelor’s degrees in film or broadcasting.
  • Audio producers usually have a degree in audio production.
  • Videographers have a bachelor’s degree in filmmaking or a related field, and a lot of training is done on the job.

Income Range

The Truth About Developing High Income Skills

A six figure yearly income can make a huge difference in a person’s lifestyle. It’s the difference between constantly wondering “Can I afford it”, and not minding if you’re getting $4 coffees in the morning.

But how long does it take to master high income skills? Weeks or even years, depending on your dedication and how often you implement the skills. For example, high ticket closing and copywriting can be mastered much faster if you dedicate time to serious practice and if you have a mentor to give you feedback for improvement.

For each of the high income skills of 2020, your ability to learn about your specialization (copywriting, digital marketing, public speaking, sales, etc), whether you work for an employer or you’re self employed, and the city/country where you work will all affect how much you make.

People in highly specialized fields may require years of work related experience before they make a high income. Other people who have the discipline and mindset can make a high income within weeks, although this is more typical for commission-based work.

Your ability to sell your skills to employers or clients has a tremendous impact on your income. Closing skills makes a difference in the types of clients you work for (high paying ones ideally) or the jobs you accept (closing your future employer on compensating you at the high end of your income bracket).

Summary

These high income skills that will make you a six figure yearly income are some of the most in demand for 2020.

The amount of education and experience you need to make a high income in these industries varies. Some of these skills require a degree, job training, and the equivalent of senior or management level experience.Other skills only require a high school diploma, the completion of some courses and certification.

In all cases, the ability to close is what will get you earning a high income, especially if you are self employed and looking for high paying clients, or making a commission-based income. Entrepreneurship, for example, gives you a high potential to become a millionaire or billionaire, but your business could also fail, leaving you in debt.

If you don’t want to take such a high risk, work for an employer while you hone your high income skill. In any case, you still have the potential to make a six figure income if you master one of these skills that are highly in demand.