Beating Broke

Personal Finance from the Broke Perspective

  • Home
  • About
  • We Recommend
  • Contact
  • Privacy Policy

Powered by Genesis

14 Unexpected Jobs That Pay More Than You Think

June 3, 2024 By Catherine Reed Leave a Comment

14 Unexpected Jobs That Pay More Than You Think

When thinking about high-paying careers, doctors, lawyers, and CEOs often come to mind. However, many other jobs offer surprising salaries. These roles may not seem lucrative at first glance, but they provide substantial financial rewards. Here are 14 unexpected jobs that pay more than you think.

1. Court Reporter

Court Reporter

Court reporters play a crucial role in the legal system by transcribing court proceedings. Despite not requiring a law degree, they earn impressive salaries, often surpassing $63,000 annually. Their expertise in shorthand and transcription technology is highly valued. This makes court reporting a financially rewarding career.

2. Air Traffic Controller

Air Traffic Controller

Air traffic controllers ensure the safe takeoff and landing of aircraft. The job is incredibly stressful, but the high salary compensates for it. Many air traffic controllers earn over $137,000 per year. This unexpected job offers both financial security and a sense of responsibility.

3. Radiation Therapist

Radiation Therapist

Radiation therapists provide treatment for cancer patients, working closely with oncologists. They typically earn around $98,300 annually. The job requires specialized training but not necessarily a bachelor’s degree. It’s a rewarding career, both financially and emotionally.

4. Elevator Installer and Repairer

Elevator Installer and Repairer

Elevator installers and repairers maintain and fix elevators, escalators, and moving walkways. Their expertise ensures public safety, which is reflected in their salaries, often exceeding $100,000 per year. This trade job requires specialized training and apprenticeships. It’s a high-paying role that doesn’t require a traditional college degree.

5. Dental Hygienist

Dental Hygienist

Dental hygienists play a vital role in maintaining oral health, working alongside dentists. They often earn around $87,530 annually. This job requires an associate degree and offers flexibility and job stability. It’s a well-paying role with significant demand.

6. Nuclear Power Reactor Operator

Nuclear Power Reactor Operator

Operators at nuclear power plants manage the equipment that generates electricity. This job demands high responsibility and technical knowledge. Salaries commonly reach above $120,000 per year. It’s an unexpected job that offers high financial rewards without needing a four-year degree.

7. Ethical Hacker

Ethical Hacker

Ethical hackers, or penetration testers, help organizations identify and fix security vulnerabilities. With the rise of cyber threats, their skills are in high demand. They often earn salaries upwards of $100,000. This tech-savvy role is both financially and intellectually rewarding.

8. Funeral Service Manager

Funeral Service Manager

Funeral service managers oversee funeral homes and ensure smooth operations during a difficult time for families. They typically earn around $80,000 annually. The role requires a combination of managerial skills and empathy. It’s a surprising but well-paying job that makes a significant impact.

9. Commercial Pilot (Non-Airline)

Commercial Pilot (Non-Airline)

Commercial pilots who fly charter flights, corporate jets, and agricultural planes earn substantial incomes. Their salaries often exceed $110,000. The job requires a commercial pilot’s license and extensive flight training. It’s an unexpected job that offers adventure and high pay.

10. Hearing Aid Specialist

Hearing Aid Specialist

Hearing aid specialists fit and maintain hearing aids for patients with hearing loss. They usually earn about $58,670 annually. This role requires specialized training but not necessarily a degree. It’s a fulfilling career that offers decent pay and job satisfaction.

11. Power Plant Operator

Power Plant Operator

Power plant operators control and maintain machinery to generate electricity. Their expertise ensures the continuous supply of power, reflected in salaries often exceeding $97,000. This job requires technical training and attention to detail. It’s a stable and well-compensated career.

12. Boilermaker

Boilermaker

Boilermakers assemble, install, and repair boilers and other large containers holding liquids and gases. They typically earn around $71,140 annually. The job requires apprenticeships and hands-on training. It’s a physically demanding but financially rewarding trade.

13. Ultrasound Technician

Ultrasound Technician

Ultrasound technicians, or diagnostic medical sonographers, use imaging equipment to help diagnose medical conditions. Their salaries often come in near $84,470 per year. This job requires specialized training and certification. It’s a vital healthcare role that offers good pay.

14. Wind Turbine Technician

Wind Turbine Technician

Wind turbine technicians install, maintain, and repair wind turbines. With the growth of renewable energy, their skills are increasingly in demand. They often earn a bit more than $61,700 annually. It’s a green job that offers good pay and the opportunity to work outdoors.

Consider These Unexpected Jobs That Pay More Than You Think!

Consider These Unexpected Jobs That Pay More Than You Think!

These 14 unexpected jobs demonstrate that lucrative careers exist beyond the conventional high-paying roles. Whether through technical skills, specialized training, or unique responsibilities, these professions offer substantial financial rewards. Exploring these career options can lead to surprising and lucrative opportunities.

Read More:

Job Interview Mistakes: Don’t Say These 10 Things If You Want the Job

10 Unique Jobs for People Who Love Food More Than Anything

Catherine Reed
Catherine Reed

Catherine is a tech-savvy writer who has focused on the personal finance space for more than eight years. She has a Bachelor’s in Information Technology and enjoys showcasing how tech can simplify everyday personal finance tasks like budgeting, spending tracking, and planning for the future. Additionally, she’s explored the ins and outs of the world of side hustles and loves to share what she’s learned along the way. When she’s not working, you can find her relaxing at home in the Pacific Northwest with her two cats or enjoying a cup of coffee at her neighborhood cafe.

Filed Under: jobs Tagged With: careers, earning money, high-paying jobs, income, jobs, Making money

8 Potential Impacts of Social Security Raising the Retirement Age

May 3, 2024 By Catherine Reed Leave a Comment

8 Potential Impacts of Social Security Raising the Retirement Age

As discussions around the sustainability of Social Security intensify, one proposed solution that frequently emerges is raising the retirement age. This change could have broad implications not only for future retirees but also for the overall economy and workforce structure. Here, we explore eight potential impacts of Social Security raising the retirement age, a topic of significant importance to policy-makers, employers, and individuals planning for retirement.

1. Delayed Access to Retirement Benefits

Delayed Access to Retirement Benefits

Raising the retirement age means individuals will wait longer to access their Social Security benefits. Currently, the full retirement age for Social Security is between 66 and 67, depending on one’s birth year, with the option to claim reduced benefits as early as 62. Increasing the retirement age could push both of these milestones back, forcing people to remain in the workforce longer to maintain their income until they can claim benefits. This could be particularly challenging for those in physically demanding jobs or those facing health issues as they age.

2. Increased Financial Pressure on Older Workers

Increased Financial Pressure on Older Workers

As the retirement age increases, older workers will have to find ways to bridge the financial gap until they can receive Social Security benefits. This necessity could place additional financial pressure on those who are less prepared for retirement using other mechanisms – such as 401(k)s or IRAs – a potentially resulting in higher poverty rates among the elderly population.

3. Extended Workforce Participation

Extended Workforce Participation

Raising the retirement age could result in older individuals staying in the workforce longer, which might have mixed effects on the economy. On the one hand, extended workforce participation can contribute positively by keeping experienced workers active and maintaining a larger workforce, thereby supporting economic productivity. On the other hand, it might lead to increased unemployment or underemployment among younger people, as fewer job openings become available due to older employees delaying their retirement. Additionally, the need to work longer could be problematic for workers who lose their jobs in their later years and face age discrimination in the job market.

4. Shifts in Pension and Retirement Savings Plans

Shifts in Pension and Retirement Savings Plans

Pushing back the official retirement age means individuals and employers may need to adjust how they approach retirement savings. Employers might alter pension plan payouts and contributions. At the same time, individuals may need to increase their retirement savings or change their investment strategies to ensure they have sufficient funds to cover a longer period of retirement. This shift could lead to a greater reliance on private savings and investment management, changing the landscape of retirement planning.

5. Health Implications for Older Workers

Health Implications for Older Workers

Working longer could have significant health implications for older adults. The stress of continuing in a full-time job and the physical demands of certain professions could exacerbate health problems typical of old age. Conversely, staying active and engaged in work can have positive health benefits, including prolonged mental acuity and social connections. The net impact would largely depend on the nature of the work and the individual’s health status.

6. Policy Adjustments in Healthcare and Elder Care

Policy Adjustments in Healthcare and Elder Care

With an aging population working longer, there might be increased demand for healthcare services, workplace accommodations, and elder care resources. Policy adjustments could be necessary to support older workers, such as improved healthcare access, workplace modifications, and perhaps incentives for employers to retain and support older employees. These changes would require careful planning and resources to ensure that the needs of an older working population are met.

7. Changes in Social Attitudes and Expectations

Changes in Social Attitudes and Expectations

Raising the retirement age could shift societal perceptions of aging and retirement. There could be a greater appreciation of the value and experience of older workers, potentially reducing age discrimination. However, it might also lead to increased expectations for older adults to remain productive well into what traditionally would have been their retirement years, which could add social pressure and stress.

8. Economic Impact on the Social Security System

Economic Impact on the Social Security System

One of the primary reasons for raising the retirement age is to improve the financial stability of the Social Security system. By delaying when individuals start to draw benefits, there’s less strain on Social Security funds, potentially prolonging the program’s solvency. This change would be crucial in managing the increased demands on Social Security as the population ages and the ratio of workers to retirees decreases.

Be Ready for the Potential Impacts of Social Security Raising the Retirement Age

Be Ready for the Potential Impacts of Social Security Raising the Retirement Age

Raising the retirement age could profoundly affect many aspects of society and individual lives. While it presents a potential solution to the financial challenges facing Social Security, carefully considering the broader implications is a must. These impacts include the personal financial strain on older workers, changes in workforce dynamics, and the overall health and well-being of the aging population. As such, it’s crucial to approach any decision to modify the retirement age with a comprehensive understanding of these multifaceted outcomes.

Read More:

12 Cities You Wouldn’t Believe Are Retirement Paradises

There Is No Ideal Time to Contribute to Retirement

Catherine Reed
Catherine Reed

Catherine is a tech-savvy writer who has focused on the personal finance space for more than eight years. She has a Bachelor’s in Information Technology and enjoys showcasing how tech can simplify everyday personal finance tasks like budgeting, spending tracking, and planning for the future. Additionally, she’s explored the ins and outs of the world of side hustles and loves to share what she’s learned along the way. When she’s not working, you can find her relaxing at home in the Pacific Northwest with her two cats or enjoying a cup of coffee at her neighborhood cafe.

Filed Under: Retirement Tagged With: financial planning, income, Retirement, retirement age, retirement planning, social security, workforce

8 Tips to Survive an Unexpected Pay Cut

April 17, 2024 By Catherine Reed Leave a Comment

Tips to Survive an Unexpected Pay Cut

In the current economic climate, characterized by rapid changes and uncertainties, an unexpected pay cut can strike a severe blow, unsettling your financial equilibrium. When it happens, immediate and strategic action is necessary to safeguard your financial stability. Here are eight comprehensive tips to help you navigate the choppy waters of an unexpected reduction in income, ensuring you remain afloat and resilient.

1. Assess and Adjust Your Budget

Assess and Adjust Your Budget

The foundation of financial recovery from an unexpected pay cut lies in thoroughly assessing your budget. This critical step involves distinguishing between your essential and non-essential expenses, enabling you to identify areas where adjustments are not just possible but necessary. Essentials typically include rent or mortgage payments, utilities, groceries, and healthcare, while non-essentials might encompass dining out, entertainment, and luxury services. Streamlining your expenses to focus on the essentials can create a buffer that helps you manage your reduced income more effectively.

2. Strategically Tap Your Emergency Fund

Strategically Tap Your Emergency Fund

An emergency fund is akin to a financial life raft in the turbulent sea of an unexpected pay cut. If you’ve had the foresight to build such a fund, it can serve as a critical buffer, helping you manage immediate financial obligations without resorting to high-interest debt. If your emergency fund is not as robust as the recommended three to six months’ worth of living expenses, don’t despair. Even a modest fund can provide some relief, so tap into it when the need genuinely arises. Then, once your financial house improves, replenish it to build a new cushion.

3. Open Lines of Communication

Open Lines of Communication

Transparency and communication can be powerful tools in navigating the financial strain of a pay cut. Contact creditors, landlords, and service providers to discuss your situation. Many organizations have protocols in place for hardship and may offer deferments, reduced payment plans, or other accommodations to help you manage your obligations. This proactive approach not only helps in managing your immediate financial pressures but also in preserving your credit score and financial reputation.

4. Seek Additional Income Streams

Seek Additional Income Streams

Diversifying your income becomes crucial in the face of reduced earnings. The digital age and the gig economy offer myriad opportunities to supplement your income, from freelance work and consulting to online teaching and e-commerce. These endeavors not only help bridge the gap created by your pay cut but also enrich your skill set and professional network, enhancing your resilience and adaptability in an ever-changing job market.

5. Reevaluate Your Savings Goals

Reevaluate Your Savings Goals

An unexpected reduction in income will inevitably impact your savings goals, necessitating a strategic reassessment. While it may be necessary to pause contributions to certain savings plans temporarily, aim to maintain any investments, especially those in retirement accounts, to leverage the benefits of compound interest. Adjusting your savings goals doesn’t mean abandoning them; rather, it’s about adapting them to your current reality while keeping an eye on the future.

6. Cut Costs Creatively

Cut Costs Creatively

Navigating a tight budget doesn’t mean sacrificing all enjoyment; it’s about finding cost-effective alternatives that enrich your life. Explore creative ways to reduce spending without diminishing your quality of life. This could mean hosting potluck dinners instead of dining out, enjoying nature and public parks for entertainment, or embracing DIY projects. These cost-saving measures can also foster a sense of community and shared experience among friends and family.

7. Prioritize Your Health and Well-being

Prioritize Your Health and Well-being

The stress associated with financial uncertainty can profoundly affect your physical and mental health. It’s crucial, therefore, to prioritize self-care during this challenging time. Engage in regular physical activity, which doesn’t have to be expensive—think jogging, home workouts, or yoga. Mindfulness practices and meditation can also be invaluable tools in managing stress and maintaining mental clarity. Remember, investing in your health is essential for maintaining the energy and focus needed to navigate financial challenges.

8. Plan for the Future

Plan for the Future

Use this challenging period as a learning experience and a springboard for future financial planning. Once you’ve adapted to your new situation, focus on rebuilding your emergency fund and reassessing your financial strategies. Consider further education or skill development to enhance your marketability and potentially open new career avenues. Embracing lifelong learning and adaptability can not only help you recover from an unexpected pay cut but also position you for greater opportunities in the future.

You Can Navigate an Unexpected Pay Cut

You Can Navigate an Unexpected Pay Cut

An unexpected pay cut, while challenging, is not insurmountable. You can navigate this difficult period by taking decisive action to adjust your budget, seeking additional income sources, and prioritizing your health and well-being. Remember, this is a temporary setback. With resilience, creativity, and a proactive approach, you can emerge from this experience financially stronger and better prepared for whatever the future may hold.

Read More:

Being Wise with Your Spending

5 Steps I’m Taking to Lower My Grocery Budget in 2024

Catherine Reed
Catherine Reed

Catherine is a tech-savvy writer who has focused on the personal finance space for more than eight years. She has a Bachelor’s in Information Technology and enjoys showcasing how tech can simplify everyday personal finance tasks like budgeting, spending tracking, and planning for the future. Additionally, she’s explored the ins and outs of the world of side hustles and loves to share what she’s learned along the way. When she’s not working, you can find her relaxing at home in the Pacific Northwest with her two cats or enjoying a cup of coffee at her neighborhood cafe.

Filed Under: job loss, ShareMe Tagged With: fired, income, income reduction, job loss, layoff, Making money, unexpected pay cut

  • 1
  • 2
  • 3
  • 4
  • Next Page »
  • Facebook
  • Pinterest
  • RSS
  • Twitter

Improve Your Credit Score

Money Blogs

  • Celebrating Financial Freedom
  • Christian PF
  • Dual Income No Kids
  • Financial Panther
  • Gajizmo.com
  • Lazy Man and Money
  • Make Money Your Way
  • Money Talks News
  • My Personal Finance Journey
  • Personal Profitability
  • PF Blogs
  • Reach Financial Independence
  • So Over Debt
  • The Savvy Scot
  • Yes, I am Cheap

Categories

Disclaimer

Please note that Beating Broke has financial relationships with some of the merchants mentioned here. Beating Broke may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant.

Visit Our Advertisers

Need to change careers? Consider an Accounting Certificate Program from WTI.