TIME Gaming

You Can Make $50,000 a Year as a Video Game Coach

ColorBlind Images—Getty Images

They can make as much as a minor league baseball coach

As the world of e-sports heats up, and players battle for prize money that can reach into the millions, the activity has given rise to a field of coaches who want to cash in on training these keyboard-using champions.

An e-sport coach can make anywhere from $30,000 to $50,000 a year, which is pretty much in line with a minor league baseball coach, according to The Wall Street Journal.

One assistant coach of a group called Team Liquid, which competes in the “League of Legends” tournaments, told the paper he makes in the mid-$30,000s annually plus a performance bonus and health insurance. That’s not too shabby when you consider that the annual income for all coaches and scouts in 2012 was $28,360, according to data from the U.S. Bureau of Labor Statistics.

Coaches get paid good money primarily because their players have the potential to pull in large payouts, ranging between $35,000 and $120,000 a year depending on how good they are, and which games they play. The annual income doesn’t include the additional team winnings and benefits.

Read more about the world of e-sports at The Wall Street Journal.


10 Liberal Arts Schools Where Grads Earn the Most

You don't have to be a business major or an engineer to make a good salary right out of college.

We all know the tired cliché of the liberal arts graduate: the starving artist, the unemployed classics major, the English graduate who’s waiting tables. They’re exaggerations and stereotypes, to be sure. And yet, employment and salary data consistently show holders of liberal arts degrees toward the bottom of the pay scale for college graduates.

Supporters of liberal arts colleges argue that salaries don’t tell the whole story. The liberal arts teach students skills that will benefit them in a variety of careers, such as how to reason and write, they say. Plus, a report last year found that liberal arts majors tend to close the salary gap after several years in the workforce. And if nothing else, the liberal arts pay off in an intellectual way, making the “inside of your head an interesting place to spend the rest of your life,” as one former college president puts it.

But what if you don’t want to choose one or the other—an interesting internal life or a comfortable paycheck? Here are the liberal arts schools in MONEY’s Best Colleges rankings where graduates report the highest average salaries within five years of graduation, according to Payscale.com.

  • 10. Colgate University

    Ashlee Eve&mdash— Colgate University

    Average early career earnings: $52,900

    MONEY Best Colleges rank: 34

    Location: Hamilton, N.Y.

    Read more about Colgate.

  • 9. Virginia Military Institute

    Kevin Remington—Virginia Military Institute

    Average early career earnings: $53,400

    MONEY Best Colleges rank: 48

    Location: Lexington, Va.

    Read more about VMI.

  • 8. Washington and Lee University

    courtesy of Washington & LeeWashington and Lee University

    Average early career earnings: $53,700

    MONEY Best Colleges rank: 24

    Location: Lexington, Va.

    Read more about W&L.

  • 7. Hamilton College

    Hamilton College
    Bob Handelman

    Average early career earnings: $54,500

    MONEY Best Colleges rank: 41

    Location: Clinton, N.Y.

    Read more about Hamilton.

  • 6. Hampden-Sydney College

    courtesy Hampden-Sydney College

    Average early career earnings: $55,300

    MONEY Best Colleges rank: 158

    Location: Hampden-Sydney, Va.

    Read more about Hampden-Sydney.

  • 5. Claremont McKenna College

    Anais & Dax—courtesy of Claremont McKenna College

    Average early career earnings: $55,500

    MONEY Best Colleges rank: 19

    Location: Claremont, Calif.

    Read more about CMC.

  • 4. Amherst College

    courtesy OfficeAmherst College

    Average early career earnings: $55,700

    MONEY Best Colleges rank: 9

    Location: Amherst, Mass.

    Read more about Amherst.

  • 3. Bucknell University

    Laurie JacksonBucknell University

    Average early career earnings: $56,000

    MONEY Best Colleges rank: 37

    Location: Lewisburg, Pa.

    Read more about Bucknell.

  • 2. Lafayette College

    Chuck ZovkoLafayette College

    Average early career earnings: $56,800

    MONEY Best Colleges rank: 54

    Location: Easton, Pa.

    Read more about Lafayette.

  • 1. Harvey Mudd College

    Edward CarreonHarvey Mudd College

    Average early career earnings: $76,400

    MONEY Best Colleges rank: 6

    Location: Claremont, Calif.

    Read more about Harvey Mudd.

TIME Careers & Workplace

10 Questions to Ask When Negotiating Your Starting Salary

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Would you be prepared to offer a signing bonus?

It would be naïve to think that an employer will automatically offer you the best possible salary as their first offer. Sure, on some occasions a very lucky candidate may find themselves with a salary offer they can’t refuse, but this is a rare thing.

Studies show that most employers will actually leave some bargaining room in their initial salary offers, as they fully expect you to ask for more. If you don’t negotiate, you are leaving money on the table.

If you move passively through the salary negotiation, there is a good chance you could end up working alongside coworkers who have bargained better and harder — coworkers who are earning $5,000 a year more than you. Ouch.

All of this is to say that it usually makes sense to resist the first salary offer and negotiate instead. One of the most effective ways to negotiate fairly is by asking appropriate exploratory and clarifying questions that gently persuade the employer to meet your salary expectations. To help you, here are ten such questions to ask when negotiating your salary:

1. Are you open to a salary discussion?

I like this more than the classic query, “Is this salary up for negotiation?” This version is a little less direct and confrontational; upon hearing it, the employer may be less defensive and guarded, more open. Also, this question sets a more relaxed tone for what will be a sensitive conversation.

2. Is there any wiggle room in the current salary?

You can either lead with this question or use it to follow up if you get a positive response to question No. 1. What’s good about this question is that it may soften the employer’s stance; it implies you are looking for something small – even though you might not be.

3. When would my pay be reviewed next?

If thee employer can’t give you a clear and precise picture of when your next pay review or raise might be, there’s a chance you could be stuck with your starting salary for some time. In light of this uncertainty about your next raise, you might be justified in wanting to drive a harder bargain with your starting salary.

4. What was the average annual percentage raise last year?

The employer might not be prepared to divulge this figure, but it’s a bonus if the employer is. This figure can give you an idea of the kind of annual raise you might expect. If it’s healthy, you might not need to bargain quite so hard, as a good pay raise could be right around the corner; if it’s not very healthy, you may need to negotiate harder.

5. What percentage raise did your highest performers enjoy last year?

Asking this question shows the employer that you associate yourself with winners, and it can also give you an idea of how high performance and success are rewarded at the company. If there’s a strong positive link between performance and reward, you might settle for a lower starting salary, knowing that once you get in and prove yourself, your salary will be boosted.

6. Is there a bonus scheme? If so, what was the average payout for someone of my grade last year?

Don’t be taken in by a delicious-sounding potential bonus of 20 percent of salary or more. Concern yourself with the reality: ask for the average actual bonus payout for people in your pay grade last year. If the realities of bonuses turn out to be much lower than the advertised potential of bonuses, you may need to do some harder bargaining.

7. Would you be prepared to build in a six-month raise based on my ability to meet certain performance goals?

Save this question for situations where the employer is really not prepared to budge on salary. In such a case, the employer may be prepared to offer a deferred raise subject to future performance as an alternative to a higher starting salary. A deferred raise is not as good as a higher starting salary, but it’s better than nothing.

8. Would you be prepared to increase my bonus pot as a way to increase my total compensation?

This can be a backdoor approach to a higher salary. Employers may be more likely to give away bonus potential than actual salary, because bonuses are linked to your performance. Employers see it as a win-win situation: you earn more pay by delivering better results.

9. Would you be prepared to offer a signing bonus?

This is useful in situations where the company simply can’t afford to pay you more because doing so would bust its pay structure. The employer can give you a one-time golden handshake for signing on the dotted line without disrupting the internal pay structure.

10. Would you be prepared to offer something else in lieu of a higher starting salary? (E.g., higher benefit contributions, more PTO, flexible work options, etc.)

If the employer can’t offer you a higher starting salary, you may still be able to negotiate better benefits. When you have them on the ropes, they may be more likely to make concessions in this area.

Just to be clear, you don’t need to ask all of these questions when negotiating your salary. See this list as more of a toolkit: it’s about picking and choosing the right questions to help you achieve your objective of a higher starting salary.

This article originally appeared on Recruiter.com

More from Recruiter.com:

MONEY consumer psychology

10 Reasons You’re Not Rich Yet

H. Armstrong Roberts—Getty Images

#5: You’d rather complain than commit.

As a financial advisor, I have spent many years helping other people overcome financial stumbling blocks so they can become rich. Ironically, the one person I have had the most trouble helping is myself.

Being “rich” can mean different things to different people, but I believe it means having the financial freedom to achieve your goals and live the life you want. I am great at giving advice; I am not always so great at taking my own advice (know anyone like that?). So, when it came to helping my clients understand why they weren’t rich yet, the easy part was explaining the culprits, because I was all too familiar with most of them.

Regardless of our upbringing, education, profession or lifestyle, most of us are not where we want to be financially and our reasons are probably more similar than different. The good news is that it is never too late to become rich if you, like me, are ready to own up to the reasons you’re not and do something about it.

Want to know why you aren’t rich yet? Keep reading.

#1: You spend money like you’re already rich.

Sure, it feels good to buy expensive things, whether it’s a luxury car, designer clothes, a big house in the burbs, or a tropical vacation. Even if you don’t necessarily buy pricey items, if you consistently buy stuff you really don’t need, it still adds up fast ($300 trip to Target for toothpaste? AHEM). But the shopping high only lasts until the guilt and regret set in or the credit card bill arrives. Most of us are guilty of living beyond our means and using credit cards more than we should. The problem is that as long as we continue to spend more than we have, we can’t start building wealth. Chronic overspending and high-interest, revolving credit card debt are your worst enemies when it comes to financial success. Spend like you’re poor and you are much more likely to become rich.

#2: You don’t have a plan.

Without clearly defined short, mid and long-term goals, becoming rich will just seem like an unattainable fantasy. And that turns into your go-to excuse for why you shouldn’t bother saving or stop overspending. As we say in the financial industry: those who fail to plan, plan to fail. Creating a financial plan may seem overwhelming or intimidating, but it doesn’t have to be. Whether you do-it-yourself or decide to work with a financial professional, the process simply starts with prioritizing your goals and writing them down. Put that list where you can see it on a regular basis. Visual reminders go a long way in helping us stay on track.

#3: You don’t have an emergency fund.

I know, you’ve heard it a hundred times: you need to have at least six months of income saved in an emergency fund. And yes, it’s much easier said than done. However, I’ve seen too many people (including myself) get hit with a major unplanned expense, whether it’s a car or home repair or a medical bill, or an unexpected job loss, accident or illness that’s led to a drastic reduction in income. When these things happen–and they do, more often than you might think–not having a financial safety cushion can make the situation much, much worse. If you’re forced to rely on credit cards, you’ll end up sinking deeper into debt instead of, yes, saving to become rich.

#4: You started late.

With every year or month that goes by without saving, your chances of becoming rich decrease. Time and compounding interest are your two best friends when it comes to growing money, so wasting them really hurts. Just like exercising, the hardest part of saving is starting. Even if you’re in debt, making little money or have a lot of expenses, you can still always save something — even if it is a small amount. The sooner you get yourself into the habit of saving — regardless of how much — the easier it will be for you to continue and eventually increase those savings. I like to think of saving as a muscle you have to work out and build with practice. Even if you start saving late, you can still become rich if you’re committed enough. But you need to start. Now.

#5: You’d rather complain than commit.

“Life is too expensive.” “I’ll never get out of debt.” “I don’t make enough money.” “Investing is too risky.” I’ve probably heard every excuse for why someone isn’t saving, investing or planning in general, and I’ll admit I’ve used a few of them myself from time to time. It’s easier to be lazy and let bad habits fester than to commit to –and follow through on — changing them. It’s no wonder obesity and debt are epidemics in our country, and that millions of Americans have had to push off retirement. As long as the complaining, excuses and finger-pointing persist, so too will not becoming rich. Instead, take responsibility for your bad habits and focus on what you can do to change them. Then do it.

#6: You live for today in spite of tomorrow.

I get it. It is really hard to think about retirement and other distant fantasies when we have needs and plenty of wants now. The bills have to get paid, the family must be fed, momma needs a vacation — and a new wardrobe to go along with it. The problem is that impulsive and overly-indulgent behavior commonly lead to credit card debt, spending money you might have otherwise saved and, yes, not becoming rich. Do yourself a favor: Ditch the “buy now, worry later” mindset and instead, adopt a “save now, get rich later” mindset.

#7: You’re a one-trick investor.

You might be lucky enough to become rich by betting all your money on one type of investment. Just like you might be lucky enough to win the lottery. But that’s not a strategy for getting rich (at least, not one I’d ever recommend).

One of the worst financial mistakes you can make is putting all your money eggs in one basket. Doing so puts you at too much risk, whether it is being too conservative or too aggressive. Sure, the stock market is on a run and real estate is on an upswing again, but are you prepared for when the tides turn? Because they will. And if you are invested in all fixed-income securities like CDs, bonds and annuities and think you’re safe, inflation should make you think again. Your investment portfolio needs to include a good mix of investments with varied levels of risk and return potential and liquidity (so you can get your money when you need it).

#8: You don’t automate.

Here’s the secret to saving: Automation. Saving is seamless when it’s automatic. Unfortunately, we are not born to be savers. We are impulsive and greedy by nature. Being responsible requires much more discipline. However, automation forces us to be responsible without too much effort. And all it requires is setting up regular transfers from a paycheck or bank account to a savings or investment account. Without it, we are much more likely to spend money we could be saving. Even if it is a seemingly small amount that you automate, those steady investments can make a big difference over time. Automate whatever you can whenever you can; just be careful to avoid overdrafting your account and try to increase your savings amount periodically.

#9: You have no sense of urgency.

You might think you don’t need to worry about getting out of debt or saving because someone, or something else will save you. Maybe it’s a pay raise, a new job, an inheritance, a rich spouse, or the lotteryyou’re counting on. Whatever “it” is, you use it as an excuse to put off taking steps on your own to become rich. The problem is that very little in life is certain. Who knows what will actually happen, or not happen, so why not focus on what you can control now? Save now and save yourself — just in case something, or someone, else won’t.

#10: You’re easily influenced.

Maybe you live with a chronic overspender or a typical day out with your girlfriends involves shopping. Or maybe it’s your inner “Real Housewife” that you sometimes can’t control. We all have negative influences in our lives that threaten our chances of becoming rich. The superficial, materialistic, sensational culture in which we live is probably the biggest one. The suffocating swirl of media that goes along with it makes it ten times worse. The trick is not giving in to temptation. How? Some of it is making conscious choices to avoid putting yourself in vulnerable positions. But most of it is having the willpower to keep the goal of becoming rich in the front of your mind, especially when you are tempted to sabotage yourself.

Read next: The 10 Richest People of All Time

More From Daily Worth:

MONEY Careers

How to Answer the Job Interview Question “How Much Do You Make Now?”

Responding to salary questions the right way will maximize your offer and keep you in the running.

Answering “What are you looking for in terms of salary?” is a tricky question to answer, especially early on in the interview process. Dodging the question by asking “I’d actually like to talk a little more about the job responsibilities” is a good way to deflect. Try to prepare yourself by using tools like PayScale and Glassdoor to find out what other people earn for similar jobs at the company. It’s important to remember there’s more to your income than your salary; you can feel comfortable including your benefits, 401(k) matching, and bonuses when talking about your current compensation.

Read next: The Secret Formula that Will Set You Apart in a Salary Negotiation

TIME martha stewart

Martha Stewart Is About To Make Some Serious Dough

Triscuit Partners With Martha Stewart To Unveil Limited Edition Triscuit Flavor
Michael Loccisano—2015 Getty Images Martha Stewart

Martha Stewart agreed to sell her media empire to Sequential Brands Monday in a deal that was worth $353 million, but there was very little announced about the fate of Stewart herself until today.

Under the terms of a newly released employment agreement, Stewart will claim the title of Founder and Chief Creative Officer and will be paid a base salary of $500,000 a year. But, don’t be fooled by that “base” sum.

Her yearly take home pay will be much higher once you add in an unspecified bonus, an annual “guaranteed payment” of $1.3 million (for what, the document doesn’t quite clarify), plus 10% of gross licensing revenues, which typically exceed $46 million per year.

And don’t forget the perks. Stewart will get six weeks of guaranteed vacation and up to $100,000 in annual expenses.

Martha Stewart Omnimedia also filed an 8-K report Wednesday that outlined the employment agreement and also indicated that Stewart could also collect another $1.7 million each year based on an “Intangible Licensing Agreement.”

All told, it looks like the Queen of Homemaking will make out with an annual payment of about $3.6 million, at bare minimum, according to calculations put together by the blog Footnoted.

Stewart, the biggest shareholder of her namesake Martha Stewart Omnimedia, also stands to net a lump sum of about $167 million from the deal with Sequential Brands based on her stock holdings.

MONEY Sports

Patriots’ Rob Gronkowski Hasn’t Spent a Dime of His NFL Salary

Kevin C. Cox—Getty Images Rob Gronkowski of the New England Patriots celebrates after Super Bowl XLIX on February 1, 2015.

Gronk claims he has not spent "one dime" of his $10 million in contract money.

New England Patriots tight end Rob Gronkowski has been saving like a pro during his five seasons in the National Football League—at least according to his new book, It’s Good to Be Gronk.

The football star claims he has been spending only his endorsement money, not his NFL salary, and avoids making big-ticket purchases.

“To this day, I still haven’t touched one dime of my signing bonus or NFL contract money. I live off my marketing money and haven’t blown it on any big-money expensive cars, expensive jewelry or tattoos and still wear my favorite pair of jeans from high school,” Gronkowski writes in an excerpt of the book published Monday on Sports Illustrated‘s MMQB blog.

If that’s true, he’s likely amassed at least $10 million (or more, if he’s been investing his savings). Given that a disproportionately high number of NFL players blow through their money and end up filing for bankruptcy, it seems that Gronk is a rare role model among his peers.

Well, at least when it comes to money.

TIME career

What You Need to Know About Negotiating Your First Salary

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Here's how to have the often-awkward conversation

Conversations about money in the workplace, and salary negotiations in particular, are always difficult—but if it’s your first time having those discussions, it can be especially intimidating. That’s why we launched “Adulthood Made Easy,” a podcast through Panoply, that helps young women navigate the real world, from their first salary negotiation, to their first apartment hunt.

In the pilot, Greg Giangrande, Executive Vice President and Chief Human Resources Officer at Time Inc. (Real Simple‘s parent company), offers advice about what you can (and can’t) ask for during your first year on the job. The best part? Host Sam Zabell works right here at Real Simple, and she has to have this entire money conversation in front of both of her bosses. Listen below, and if you want to hear more, make sure to subscribe in iTunes or on your favorite podcast app.


This article originally appeared on Real Simple.

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MONEY Workplace

Why Summer Is a Great Time to Ask for That Raise

iStock A raise can help you get in better shape, financially.

Midyear is the best time to negotiate a salary bump.

This is the second installment in Money’s Midyear Financial Checkup. Read the first installment, on how to recalibrate your investments, here.

You’ve suffered through years of stagnant wages. But in 2015 workers stand the best chance of getting a raise since the financial crisis, according to a PNC survey of small and midsize businesses late last year. Midyear is the best time to negotiate a bump because budgets are still flexible and you’ll have time to make your case with your boss, says Lydia Frank, editorial director at PayScale.com. Wait until year-end, at your annual performance review, and you’ll run into stiff competition for raises.

Here’s how to do it.

Demonstrate your value. Not only will this increase your odds of getting a raise, it could boost the amount (see chart below). Start by requesting a midyear review. This will let you know if you’re on track to meet this year’s goals. It’s also a chance to remind the boss of your accomplishments.

Play mind games. At the meeting, provide a specific range of pay you’re seeking. This makes you look flexible, but it also anchors a figure in your boss’s head. For instance if you want $90,000, set a pay range of $90,000 to $95,000. Behavioral studies show discussing a number first and then making your case works best. Finally, offer a written summary highlighting your accomplishments. This will make your achievements concrete for your supervisor, Frank says.

Hedge your bets. “Experience is in demand,” says Steve Gross, senior partner at consulting firm Mercer. Execs willing to jump ship are likely to command a 15% bump. Even if you prefer to stay put, having an offer can help you negotiate with your current firm. Dip your toes in the hiring pool by signing up for a job site like Poachable, which is anonymous and lets employers come to you.

TIME Careers

These are the Most Extreme Jobs

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Venom milker and skydiving instructor make the list

Adrenaline addicts looking for a new job may want to consider a few of the following: Crocodile physiologist, venom milker and skydiving instructor. They all made a list of the world’s most extreme jobs, at least according to YourTradeBase, a company that helps other businesses with the entirely sedate job of completing their paperwork.

Take safari guide, for example, which was identified as the extreme career with the highest average salary. They are exposed to potentially dangerous animals like lions, work in an area lacking in medical facilities and drive on muddy and bumpy dirt tracks. But let’s face it: Despite the danger, it’s a great job.

Here are he most extreme jobs ranked by average salary per year (or season) are:

  1. Safari Guide: $73,000
  2. Professional Stuntman: $70,000
  3. Crocodile Physiologist: $62,500
  4. Storm Chaser: $60,968
  5. Cave Diver: $58,640
  6. Smoke Jumpers: $33,000
  7. Venom Milker: $30,000
  8. Skydiving Instructor: $24,000
  9. Whitewater Rafting Guide: $6,675 per season
  10. Everest Guides: $5,000 per season

In case you were wondering what a venom milker does, YourTradeBase writes that it’s a position to “massage the venom glands of many snakes, whilst pressing their fangs on a plastic plate/tube, to collect their venom.” It notes that “snakes don’t enjoy being milked.” Well, imagine that.

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