Why Every Company Should Hire A Blogger For $200,000 A Year

Bloggers Make The Best Chief Content Officers And Chief Marketing Officers

by in Lifestyle on Feb 2nd, 2015

There’s something going on in the corporate world that I’m not sure many of you are aware of. Harvard Business Review calls it, “The Content Marketing Revolution,” while Ari Levy from CNBC writes a great report encouraging firms to “Hire More Writers If You Want To Rank Higher On Google.” In essence, corporations of all sizes are beginning to spend A LOT of money on content marketing. There is now the newest C-level title of “Chief Content Officer” floating around Silicon Valley as companies are beginning to understand the power of story-telling, community building, SEO, social media, and ROI focused marketers.

For the longest time, I couldn’t find any other industry that paid as well as the finance industry. For example, first year analysts out of college are now earning $80,000 base salaries plus a bonus in finance. When I left Wall Street in 2012, Directors (one level above VP) were making $250,000 base salaries plus bonuses that could easily equal a full year’s salary or more. It was only a full year after I left the finance industry that I truly appreciated how good the compensation was.

All the tech jobs I was interested in after leaving finance “only” paid between $80,000 – $160,000 full-time plus stock options, which are a complete crapshoot. Those figures might sound like a lot to some who are not living in expensive San Francisco or Manhattan, but I can assure you that $80,000 – $160,000 is squarely middle class with real estate prices costing so much.

Given the compensation packages, I figured I might as well focus on my online media efforts instead of working for much less compensation in a new industry. But after I learned how much Chief Content Officers make at large companies, from talking to various industry people and after spending a full year consulting for a startup, I’ve come to realize that once again bloggers have another fantastic opportunity!

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The Power Of Compounding For Building Greater Wealth

by in Personal Finance on Jan 26th, 2015

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.

Compound interest is the most powerful force in the universe.

Compound interest is the greatest mathematical discovery of all time.”

~Albert Einstein (source: quotesonfinance website)

I’ve been amazed at the power of compounding ever since my mom explained the Rule of 72 to me many years ago. This simple exercise shows how long it will take for your money to double at a particular interest rate. Divide the expected interest rate into 72 and you have an approximation of how long it will take for your investment to double at the given interest rate. For example, if your projected return is 9 percent, then you divide 9 into 72 and the result is 8. According to the rule of 72, it will take approximately 8 years for your money to double at a 9 percent interest rate.

More recently – as I see the traditional retirement age coming into view- I’m doing some portfolio analysis to assess our financial picture now and into the future. One of the thing that amazes me is a particular TIAA CREF retirement account I contributed to decades ago when I worked at San Diego State University. I contributed to this account during my ten years of employment and invested 75 percent of my allocation in a diversified stock fund and 25 percent in a fixed option. After those ten years were up, I never contributed again nor did I change the asset allocation.

Several decades later, the account value has increased 6 times. That means if I invested $35,000 during those ten years, that account would be worth $210,000 today. It still amazes me as I write this article how a mere $300 or so dollars per month invested conservatively for ten years grew to a respectable sum. When calculating the annual average rate of return on that account, it was approximately 6.75 percent. This is a very attainable rate of return. Read More

Yakezie Blogging 2014 Review And 2015 Outlook

by in Lifestyle on Jan 4th, 2015

Happy New Year!

I hope everyone is having a fantastic holiday season. For those of you who are busy publishing during the slow period, well done! You’ve just increased your chances of experiencing “the boomerang effect” where your traffic surges in the new year as readers come back and eat up all they’ve missed.

It’s always a pleasure to look back at what transpired in blogging land in general. Just the other day, I told my best friend while soaking in the outdoor hot tub how much I still love blogging after almost six years. The Yakezie Network will always be a free community where new and experienced bloggers alike can develop relationships and challenge themselves to develop their blogs into the best possible publications possible.

I’ll always remember how difficult it was to get started my first year with Financial Samurai. I was rejected from everything, including: blog carnivals, staff writing positions, and other networks/mastermind groups. In order to get accepted anywhere, my site had to already be established, so what was a newcomer supposed to do? It was the classic Catch 22.

My hope is that the Yakezie Network can help provide the tips, motivation, and support to make launching and surviving easier for you. Goodness knows that creating something from nothing takes a lot of hard work and determination. Let us never forget our roots, and our efforts to always try to selflessly help others. Read More

Color Me Frugal- Yakezie Member Post

Yakezie Member 2H2014

by in Featured on Dec 29th, 2014

The summer after my freshman year of college, I was one of the most hated people in several towns in Illinois.  Complete strangers would see me and start yelling at me. People I didn’t know from Adam treated me like pond scum. My roommates and I got kicked out of our rental home in Collinsville, IL because we made our landlady’s adult children “nervous,” and we subsequently had to move south to Belleville.  Even when we lived in Belleville, I was working in Shiloh, and the people of that town hated me so much that they called the cops on me and I actually got escorted out of town by the cops.

So what does a relatively sheltered (and usually law-abiding!) small town girl from the frozen plains do to become so infamous and hated in so many St. Louis suburbs?

She sells books door-to-door.  That’s what. Read More

Featured

Should You Consider A Career In Investment Banking?

by in Personal Finance on Dec 28th, 2014

New year, new career?

If words such as takeover, IPOs, financial modeling, research, and bridge loans are some of your favorite conversation topics, you might want to consider investment banking as a career option. The same goes if MSNBC and Bloomberg TV are your go-to channels, and you have an addiction watching the red and green flashing lights of tickers go up and down all day long.

Investments banks have played a major role in M&A, underwriting, and raising money for the corporate world. Although investment banking has lost a lot of its pre 2008 luster, it is still difficult to get a job in this notoriously competitive and demanding industry. But at the same time, it is still a lucrative career choice for its most disciplined players. If you want to emerge as a winner in this field, familiarize yourself with the below:

Who Will Offer You An Entry-Level Role In Investment Banking?

If you wish to be a part of this industry that is constantly involved in shaping the destiny of major corporate houses, you have options to join one of the following:

  • Bulge bracket firms consisting of the top investment banks like JP Morgan, Goldman Sachs and Morgan Stanley.
  • Regionally oriented IBs or ones located in the middle market like Jefferies, Lazard or Greenhill.
  • Boutiques or specialized firms oriented towards a specific industry vertical – ex. program trading, bond-trading, technical analysis, or M&A advisory.
  • Merger and Acquisition wing of a large company, like General Electric, as an in house staff member who evaluates strategies for inorganic growth

How Do You Get Into Investment Banking? Read More

How To Make Money Quitting Your Job
  • Untemplater: I completely agree it’s best to promote affiliate products and services that we use ourselves....
  • Barbara Friedberg: I just did a campaign for Draftapp, a new free app to compare your investment returns and fees...
  • steven@buyingstocks: I fully agree that social media is time consuming and that creating valuable content is more...
  • Steven@buyingstocks: I surely will not give up and meeting people with that have succeded surely helps with the...
  • Financial Samurai: Don’t give up. I started seeing some results in the 2nd and 3rd year. Your blog’s...
  • Financial Samurai: Indeed. Focus on the LT. That’s how massive wealth starts to compound.
  • Financial Samurai: You will be even more ecstatic once your web properties make more than your rental income. I...
  • Financial Samurai: I’m definitely a buyer of blogs, especially at levels many people who are burnt out, or who...
  • Financial Samurai: Get there or die trying! :) A blog is not just a money making asset, it is a platform to allow you...
  • Financial Samurai: Never give up! Now that you are free from Corporate America, your site has become that much more...
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