There is a debate on Canadian Money Forum about teens expectations of earning $90,000 per year by the age of 30. The debate stems from an article in the Moneyville and it appears the argument is fairly balanced.  Moneyville surveyed over 3,000 recent Canadian high school students, most of which were planning post secondary education, about what their salary expectations were in 10 years.  On average, the students expected to earn about $90,000 by the time they were of the age 28 or 29.  Lets round to age 30 as it’s a nice round number and a milestone age.  Adjusting for 2.5% annual inflation over the 10 years, and it’s buying power of about $115,000 in todays dollars.

Reading through the thread on Canadian Money forum, I was surprised at how many believed that it was unrealistic to achieve such a salary by the 30 year milestone.  Yes, $90k for a 30 year old is above average, but it’s certainly achievable by making the right choices and by thinking a little bigger.  To me, if the goal of the student is to have a higher than average salary, then create a plan and go for it.

I know many 28-30 year old’s who make low six figure salaries by making particular career choices and/or by enduring a bit of sacrifice.  One sure fire way is to find a career in the oil patch.  From my own experiences, an Engineer in the Oil and Gas industry can certainly make six figures with a bit of experience.   Although the lifestyle typically involves a fair bit of travel, the compensation is typically higher than average.  I also have friends who are pharmacists, and they can make $50/hr in the retail environment relatively easily.  Other career choices with higher salaries  include trades that are in demand, dental hygienists, or commission based sales positions.

What are your thoughts? Is it realistic for a young student to expect to make $90k by the age of 30?

158 Comments

  1. Doesn't matter on November 11, 2018 at 6:44 pm

    I didn’t read the article. Sorry, I just read the title, and for everyone else who did the same but with the intentions of finding out how they did it, at the end of the day it’s how much effort you put in yourself, with the mentality of I can do that, how can I do it better, and efficient. I started playing golf when I was 22, bought my first set for myself on my birthday, when I was 24 I took the PAT and became a Golf Professional, the job market is huge but you have to be willing to move, I wasn’t able to move just had a baby new to the area already being that I only had be living there since 21. I am now 26 working as a project manager, I started this position maybe 10 months ago and I’m making a little under 70K +benefits & bonus and they are LOWBALLING me because of my past experience. At 21 I was waiting table’s making really good money just the downsides of that industry I didn’t like, moved up in 2 years to managing the place, went to college for a half a semester when I was 24 for Golf Course Management got straight A’s dropped 10 strokes, dropped out, before crippling debt, passed the PAT, went to serving table’s again & a Golf Coach, I wasn’t making anything. I had to move again due to financial status got a job as a door to door salesman selling VZN hah! That lasted about 2 weeks and they didn’t pay me!!! I finally got hooked up with a job as a carpenter when I was 25 and showed through work ethic, customer service, and most importantly CRITICAL PATH PLANNING I went from carpenter to managing multi million dollar projects in under a year. Take every opportunity you never know where it will lead you.

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