How much money to be rich? Average American’s answer will surprise you!


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Welcome to Startup Hakk!  My name is Spencer Thomason.  I have been a Software Developer for over 25 years.  I have helped hire and train over a hundred developers.  Today we are going to talk about a recent study that I was reading about how much money it takes the average American to feel rich!

Ok – so I was reading this study that was on CNBC about how much money it took for most Americans to feel rich.  The survey starts off right away with an interesting title:

“Survey Finds Majority of Americans Don’t Need Millions to Feel Financially Stable”

According to the findings, 80% of those surveyed say they need to earn at least $100K a year to feel rich – including 22% who say they’d need to earn at least $1 million.

However, the vast majority of adults don’t need millions to feel financially stable. Just 3% of those surveyed say they’d need to earn an annual income of $1 million to feel financially secure and more than half (54%) of respondents say they’d be comfortable earning less than $100K annually, including 18% who say they’d be financially comfortable earning less than $50K a year.

Additional findings from the CNBC Make It: Your Money Survey include:

  • Among those who aren’t retired, the majority of respondents (42%) think they’ll need at least $100K, but less than $1 million to retire comfortably.
  • 30% think they’ll need at least $1 million or more to retire comfortably while 11% say they could retire comfortably on less than $100K.
  • More than a third (38%) of those surveyed say the best way to earn passive income is through owning rental properties while others choose to invest in dividend-paying stocks (15%) or fixed-income assets such as bonds (11%).
  • 27% of Americans say they’ve invested in the stock market in the last year while just 12% have invested in real estate.
  • The majority (60%) of Americans rate the risk of investing in crypto as “high”, which is up from 45% in August 2021.
  • About a quarter (26%) rate investing in crypto as a “moderate” risk while only a few say it’s “low” (5%) or “no risk” (5%).
  • Only 10% of those surveyed say they invest in cryptocurrency, nearly the same as August of last year (11%).
  • Millennials remain the biggest fans of crypto (15%), followed closely by Gen-Z (12%).

And that is why I love running StartupHakk and helping to train people into the best career that can really change their lives!  So make sure you like and subscribe to the channel!

Now – according to another study done by Forbes out of the top 50 paying jobs, in the top 12 of these jobs 9 were something that we teach here at StartupHakk:

50 Best Jobs in America for 2022

JobsJob SatisfactionNumber of Job OpeningsMedian Base Salary
Enterprise Architect414.021$144,997
Full Stack Engineer411.252$101,794
Data Scientist410.071$120,000
Devops Engineer48.548$120,095
Strategy Manager46.977$140,000
Machine Learning Engineer46.801$130,489
Data Engineer411.821$113,960
Software Engineer464.155$116,638
Java Developer410.201$107,099
Product Manager417.725$125,317
Back End Engineer46.221$112,384
Cloud Engineer410.689$118,999
Hr Manager47.276$91,502
Business Development Manager49.263$89,496
Information Security Engineer47.264$116,919
Corporate Recruiter48.724$77,700
Salesforce Developer45.250$98,972
Marketing Manager47.596$90,748

And that is why I love running StartupHakk and helping to train people into the best career that can really change their lives!

The big 3 things that differentiate us from others:

  • 1) We are the only Bootcamp teaching Microsoft .NET, Azure, and Angular.  This is the best technology stack to be trained in, and we are the only one!
  • 2) We are the only ones that provide 1-on-1 instruction with a developer!  No one else provides as much help!
  • 3) We are the best value!  You won’t find anyone cheaper than us – and that is still considering the above!

Take advantage of our great discount offer we are offering for the rest of the year!  Discount code: 5OFF2022 and here is a link

Thanks and we will catch you next time!

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Introduction Hi – I am Spencer Thomason, founder of StartupHakk as well as other companies.  I love talking about the fundamentals of being a developer.  I have been a developer