We are having a wonderful time in the Netherlands, and I’ll do a full write-up of the week when we get back. In the meantime, I’m using a low-key day to get a little jump on next week.
I’m working on a Fast Company piece on career and earning advice from people who’ve found that “do what you love” doesn’t have to be a bad financial plan. If you look at the Bureau of Labor Statistics’ wage data, you’ll see that the 90th percentile for various careers that are not known for being high paying is actually not subsistence level. For fine artists (painters, sculptors) it’s $91k. For writers and authors, it’s $117k. For music directors and composers, it’s $88k. Sure, for other professions (doctors, lawyers) the 90th percentile is much higher. Nonetheless, you do not necessarily need to be a household name to make a reasonable living as, say, an artist.
So how do you go about doing that? I’d love to talk with people who’ve kept “do what you love” from being horrible financial advice. As always, you can email me at lvanderkam at yahoo dot com.