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The median pay for medical assistants is $38,270 annually for the most recent year studied, according to the Bureau of Labor Statistics.

If someone is very social and passionate about the medical field, they may find they really enjoy working as a medical assistant. Patient care will be one of their main responsibilities, but it’s not necessary to attend medical school to work in this role, which can mean a significant reduction in student debt. To better understand what the role of a physician assistant entails and how salary can vary by location and experience, keep reading.

What Are Medical Assistants?

What a medical assistant does on a daily basis depends on their specialty. While some medical assistants specialize in clinical tasks, others focus on administrative functions. Specializations may also align with specific medical practices, such as assisting ophthalmologists in educating patients about contact lens care.

These are some common tasks that medical assistants may tackle on a daily basis:

•   Interview patients

•   Record patient medical history

•   Measure vital signs

•   Assist physicians during examinations

•   Administer injections or medications as directed by physicians and state law

•   Conduct basic laboratory tests

•   Schedule patient appointments

•   Managing medical records

•   Handle insurance-related tasks

•   Maintain inventory.

Given how much of one’s time at work can be spent interacting with patients and other members of the medical team, the role of a physician’s assistant probably is not a great fit as a job for introverts.

Another aspect of this role to consider is that training for a medical assistant career often involves one to two years of study to receive an associate’s degree or certificate. This can be a more affordable option for a medical job than one that requires additional training.


💡 Quick Tip: We love a good spreadsheet, but not everyone feels the same. An online budget planner can give you the same insight into your budgeting and spending at a glance, without the extra effort.

How Much Do Starting Medical Assistants Make a Year?

As briefly noted earlier, the median annual wage for medical assistants is $38,270. However, when someone is working as an entry-level medical assistant, they can expect their salary to be on the lower side. The lowest 10% of earners in this role earn less than $30,390.

However, the highest 10% earn more than $51,710. While that is significantly higher than the average, it does reveal that it may not be easy to earn $100,000 annually as a medical assistant.

For those looking to earn more as a medical assistant, it’s always a good idea to interview with a few different medical practices or facilities to see which employer can offer the most competitive pay.

What is the Average Salary for a Medical Assistant?

The average annual salary that a medical assistant earns varies a lot depending on what state they work in. This difference in wages can be substantial. For example, on average medical assistants in New Jersey earn $15,136 more than their West Virginia counterparts.

The following table illustrates how much their salary and hourly wages can vary by state, arranged from highest to lowest figures.

What is the Average Medical Assistant Salary by State for 2023

State	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
New Jersey	$43,978	$3,664	$845	$21.14
Wyoming	$43,660	$3,638	$839	$20.99
Wisconsin	$43,084	$3,590	$828	$20.71
Washington	$42,976	$3,581	$826	$20.66
Massachusetts	$42,784	$3,565	$822	$20.57
Indiana	$42,718	$3,559	$821	$20.54
Alaska	$42,716	$3,559	$821	$20.54
Oregon	$42,410	$3,534	$815	$20.39
North Dakota	$42,322	$3,526	$813	$20.35
Arizona	$41,834	$3,486	$804	$20.11
Hawaii	$41,495	$3,457	$797	$19.95
New Mexico	$41,419	$3,451	$796	$19.91
Montana	$41,204	$3,433	$792	$19.81
Minnesota	$41,073	$3,422	$789	$19.75
Colorado	$40,824	$3,402	$785	$19.63
New York	$40,763	$3,396	$783	$19.60
Alabama	$40,689	$3,390	$782	$19.56
Nevada	$40,389	$3,365	$776	$19.42
Ohio	$40,082	$3,340	$770	$19.27
South Dakota	$39,999	$3,333	$769	$19.23
Vermont	$39,700	$3,308	$763	$19.09
Rhode Island	$39,281	$3,273	$755	$18.89
Iowa	$38,912	$3,242	$748	$18.71
Connecticut	$38,734	$3,227	$744	$18.62
Delaware	$38,634	$3,219	$742	$18.57
Tennessee	$38,269	$3,189	$735	$18.40
Virginia	$38,179	$3,181	$734	$18.36
Mississippi	$38,167	$3,180	$733	$18.35
Utah	$38,046	$3,170	$731	$18.29
Georgia	$37,905	$3,158	$728	$18.22
Illinois	$37,709	$3,142	$725	$18.13
Maryland	$37,440	$3,120	$720	$18.00
Pennsylvania	$37,345	$3,112	$718	$17.95
California	$37,258	$3,104	$716	$17.91
Nebraska	$36,716	$3,059	$706	$17.65
Maine	$36,477	$3,039	$701	$17.54
Missouri	$36,291	$3,024	$697	$17.45
New Hampshire	$36,270	$3,022	$697	$17.44
South Carolina	$35,937	$2,994	$691	$17.28
Kansas	$35,925	$2,993	$690	$17.27
Louisiana	$35,860	$2,988	$689	$17.24
Idaho	$35,575	$2,964	$684	$17.10
Oklahoma	$35,557	$2,963	$683	$17.09
Texas	$35,275	$2,939	$678	$16.96
North Carolina	$35,196	$2,933	$676	$16.92
Kentucky	$33,916	$2,826	$652	$16.31
Michigan	$33,819	$2,818	$650	$16.26
Florida	$33,545	$2,795	$645	$16.13
Arkansas	$32,178	$2,681	$618	$15.47
West Virginia	$28,842	$2,403	$554	$13.87

Source: ZipRecruiter

Medical Assistant Job Considerations for Pay & Benefits

Many medical assistants work in full-time positions, which can qualify them for employee benefits, such as:

•   Health insurance

•   Employer-sponsored retirement plans

•   Paid time off.

That being said, if someone only works part-time, they may not qualify for any benefits.


💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

Pros and Cons of Medical Assistant Salary

One of the main advantages of a medical assistant salary is that it isn’t canceled out by expensive student loan debt payments each month. Having a bachelor’s or graduate school degree is not necessary to work as a medical assistant.

In many cases, a postsecondary certificate is required, but sometimes only a high school diploma and on-the-job training is required.

Also, except for those who are looking for a job for antisocial people, a medical assistant career can involve plenty of satisfying social interaction. It can also be a good choice for those who like to know they are helping to enhance others’ quality of life.

The Takeaway

Working as a medical assistant can be a great way to work in the medical field without having to pursue many years of higher education. This is also a very stable career field to enter, as the employment outlook for medical assistants indicates a projected growth of 14% from 2022 to 2032, which surpasses the average rate of expansion for all occupations.

See exactly how your money comes and goes at a glance.

FAQ

Can you make 100k a year as a medical assistant?

In most cases, it is not possible to earn more than $100,000 a year. The median annual salary for this role is $38,270 per year. That being said, it is possible to earn more than that if the medical assistant has many years of experience under their belt.

Do people like being a medical assistant?

Many people enjoy working as a medical assistant, especially if they are passionate about patient care. However, this role is not a good fit for those who are antisocial or would call themselves an introvert, as it can require interacting with a lot of different people on a daily basis.

Is it hard to get hired as a medical assistant?

Getting hired as a medical assistant isn’t too challenging as this role doesn’t require much-specialized schooling. It’s also a very in-demand field — on average, there is an anticipation of around 114,600 job openings annually for medical assistants.

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Photo credit: iStock/FG Trade Latin

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

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The median annual salary for detectives is $52,120 for the most recent year reviewed, according to the Bureau of Labor Statistics.

This can be an exciting career for many people. Is there anything quite as satisfying as solving a big mystery? For anyone who is passionate about putting the puzzle pieces together until they discover the truth, working as a detective could be a dream job.

Read on to learn more about this career path. In addition to how much a detective makes a year, you can find out about the responsibilities and benefits involved.

What Are Detectives?

Working as a private detective involves searching and piecing together financial, legal, and personal matters to help get to the root of an unanswered question. For example, private detectives can help find missing persons or investigate cybercrimes. Here’s a quick breakdown of some common on-the-job responsibilities that detectives tackle on a daily basis:

•   Conduct interviews to help collect information

•   Pursue evidence

•   Review civil judgments and criminal history

•   Plan and execute surveillance

•   Search records (court, public, and online).

Some private detectives work for themselves and offer their services to a variety of clients, whereas others work for businesses, like law firms.

Regardless of where one works, being a detective can involve a good number of interviews and interpersonal interaction. For this reason, it may not be a good job for antisocial people.


💡 Quick Tip: Online tools make tracking your spending a breeze: You can easily set up budgets, then get instant updates on your progress, spot upcoming bills, analyze your spending habits, and more.

How Much Do Starting Detectives Make a Year?

In the early days of their career, detectives can expect to earn less until they gain more experience and a strong reputation for their sleuthing skills. When it comes to entry-level detective work, competitive pay can be fairly low. The lowest 10% of detective earners made less than $33,710 per year.

However, there is considerable room for improvement when it comes to salary for this role. The highest 10% earn more than $92,660 annually. This indicates that it can be possible to earn $100,000 per year as a detective.

Recommended: Work-at-Home Jobs for Retirees

What is the Average Salary for a Detective?

Some detectives earn an annual salary (a median of $52,120), but others earn an hourly wage. How much does a detective make an hour? The median hourly wage is $25.06.

How much someone earns on average working as a detective can vary based on where they live and the industry they work in. When it comes to working in different industries, these are the median annual wages for detectives in a few different industries for the most recent year available:

•   Government: $64,220

•   Professional, scientific, and technical services: $61,280

•   Investigation, guard, and armored car services: $47,280

•   Retail trade: $37,290

The state someone works in also plays a big role in their earning potential. The following table highlights how average detective wages can vary by state, with salaries listed from highest to lowest.

What is the Average Detective Salary by State for 2023

State	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
Wisconsin	$68,202	$5,683	$1,311	$32.79
Alaska	$66,013	$5,501	$1,269	$31.74
Massachusetts	$65,834	$5,486	$1,266	$31.65
Oregon	$65,791	$5,482	$1,265	$31.63
New Mexico	$65,593	$5,466	$1,261	$31.54
North Dakota	$65,592	$5,466	$1,261	$31.53
Washington	$65,380	$5,448	$1,257	$31.43
Minnesota	$64,657	$5,388	$1,243	$31.09
Hawaii	$64,277	$5,356	$1,236	$30.90
Ohio	$63,203	$5,266	$1,215	$30.39
Colorado	$62,621	$5,218	$1,204	$30.11
Nevada	$62,417	$5,201	$1,200	$30.01
South Dakota	$61,992	$5,166	$1,192	$29.80
New York	$61,597	$5,133	$1,184	$29.61
Iowa	$61,016	$5,084	$1,173	$29.33
Rhode Island	$60,938	$5,078	$1,171	$29.30
Connecticut	$60,392	$5,032	$1,161	$29.03
Tennessee	$60,347	$5,028	$1,160	$29.01
Vermont	$60,038	$5,003	$1,154	$28.86
Utah	$59,824	$4,985	$1,150	$28.76
Mississippi	$59,304	$4,942	$1,140	$28.51
Delaware	$59,138	$4,928	$1,137	$28.43
Virginia	$58,393	$4,866	$1,122	$28.07
Illinois	$57,890	$4,824	$1,113	$27.83
Maryland	$57,300	$4,775	$1,101	$27.55
New Jersey	$56,643	$4,720	$1,089	$27.23
California	$56,576	$4,714	$1,088	$27.20
Louisiana	$56,450	$4,704	$1,085	$27.14
Pennsylvania	$56,431	$4,702	$1,085	$27.13
Nebraska	$56,157	$4,679	$1,079	$27.00
Kansas	$55,812	$4,651	$1,073	$26.83
Missouri	$55,599	$4,633	$1,069	$26.73
Maine	$55,350	$4,612	$1,064	$26.61
South Carolina	$55,077	$4,589	$1,059	$26.48
New Hampshire	$54,828	$4,569	$1,054	$26.36
Oklahoma	$54,383	$4,531	$1,045	$26.15
Idaho	$54,051	$4,504	$1,039	$25.99
Wyoming	$54,049	$4,504	$1,039	$25.99
North Carolina	$53,940	$4,495	$1,037	$25.93
Texas	$53,624	$4,468	$1,031	$25.78
Indiana	$53,401	$4,450	$1,026	$25.67
Arizona	$52,297	$4,358	$1,005	$25.14
Kentucky	$52,131	$4,344	$1,002	$25.06
Michigan	$51,864	$4,322	$997	$24.94
Montana	$51,509	$4,292	$990	$24.76
Alabama	$50,866	$4,238	$978	$24.46
Arkansas	$49,398	$4,116	$949	$23.75
Georgia	$47,386	$3,948	$911	$22.78
West Virginia	$43,583	$3,631	$838	$20.95
Florida	$41,937	$3,494	$806	$20.16

Source: ZipRecruiter

💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

Detective Job Considerations for Pay & Benefits

Detectives who work for businesses such as large corporations or law firms on a full-time basis often receive employer-sponsored benefits as a part of their compensation package. These benefits can include paid time off, retirement accounts with employer contribution matches, and health insurance.

However, many detectives work on a part-time basis or are self-employed and then are on the hook for supplying their own benefits which can be quite expensive.

Recommended: The Highest Paying Jobs in the US

Pros and Cons of Detective Salary

Detectives can earn a very good salary, and the work can be very interesting.

However, the tradeoff may not be worth it for some. Working as a detective often involves long and varied hours due to the nature of their work — especially when they are conducting surveillance. Some people may find that working on weekends, nights, or holidays isn’t worth the salary. It simply may not align with their career goals and the desired work-life balance.

The Takeaway

Skilled detectives stand to earn a lot of money (close to six figures) as they work their way up in their industry. This can be a very exciting, but also extremely demanding role.

With SoFi, you can keep tabs on how your money comes and goes.

FAQ

Can you make 100k a year as a detective?

It is possible to make $100,000 a year or more as a detective. The top 10% of earners in this field make $92,660 or more per year. As a detective gains years of experience and improves their skills, they can expect to earn more competitive pay.

Do people like being a detective?

Many people pursue a career as a detective because they are passionate about the work they do and enjoy a lot of satisfaction from their job. It’s worth noting that this job can require a lot of personal interactions and may not be the best fit for anyone who is antisocial.

Is it hard to get hired as a detective?

Getting hired as a detective can be competitive, but there is currently anticipated to be 3,800 openings for private detectives each year until 2032. There is also a projected 6% growth in employment opportunities, so someone with the right qualifications should be able to find a job in this field.

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About the author

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Photo credit: Andrii Lysenko

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

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The median annual pay for cosmetologists is $33,400 a year, according to the Bureau of Labor Statistics data for the most recent year studied. Helping people feel their best can be a rewarding way to spend one’s workdays, and cosmetologists get to do just that. From hair to skincare to makeup to nails, there are a lot of different niches a cosmetologist can master, all of which can be really fun and rewarding career paths to take.

That said, the average pay for cosmetologists is significantly lower than the average income for all jobs in America, which, again according to the Bureau of Labor Statistics, is just below $60,000 for the fourth quarter of 2023.

Keep reading to learn more about what it’s like to work as a cosmetologist and what the earning potential could be.

What Are Cosmetologists?

Cosmetologists can specialize in one type of personal grooming service, such as haircuts or manicures and pedicures. Others may offer skincare services like facials, hair removal (waxing), or applying makeup for special occasions. Many cosmetologists offer a variety of these services, whereas others have a specific niche, like hairstyling.

During cosmetology school, it’s common to take lessons in a handful of different specialties. That way, students can gain better insight into which areas of cosmetology they are most passionate about and most skilled at.

In terms of training, states often require a certain number of hours of training and passing written and practical examinations. For instance, in New York, you need 1,000 hours of training. You might study at a private cosmetology school (cosmetology school loans may be available) or find an associate’s degree program.

Also, it’s a good idea to note that your area of specialization can impact your earning potential as a cosmetologist, as can your location. In New York City, with its high cost of living and pay grade, one study found the average salary to be more than $70,000 per year. That could mean that those in major cities, with superior skills and experience and a loyal following, could even earn $100,000 per year.

Lastly, it’s important to recognize that cosmetology typically involves lots of interaction with clients. For this reason, it may not be the best job for antisocial people.


💡 Quick Tip: We love a good spreadsheet, but not everyone feels the same. An online budget planner can give you the same insight into your budgeting and spending at a glance, without the extra effort.

How Much Do Starting Cosmetologists Make a Year?

When they are working with entry-level experience, cosmetologists can expect to earn less than those with many years of fieldwork under their belt.

When it comes to starting wages, cosmetologists can expect to earn a median hourly wage of $10.48 (this is the lowest 10% of earners) but may see that amount rise significantly over time. The top 10% of earners in this field make more than $28.88 per hour.

For example, a celebrity makeup artist can make very competitive pay, but they also tend to be extremely skilled and experienced.

What is the Average Salary for a Cosmetologist?

The amount of money someone stands to earn as a cosmetologist can vary significantly depending on the services they offer, their experience level, and where they live. How much money does a cosmetologist make per year? The median annual salary is $33,400.

It’s important to note that an annual salary is not a guarantee as a cosmetologist as many work part-time. In terms of how much a cosmetologist makes an hour, the median hourly wage for a cosmetologist is $16.06.

These medians give prospective cosmetologists an idea of how much they stand to make if they choose to pursue this career path, but they can get an even clearer picture once they learn what the average salary by state is for their location. Here, you’ll find these figures arranged from highest to lowest.

What is the Average Cosmetologist Salary by State for 2023

State	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
New York	$48,025	$4,002	$923	$23.09
Vermont	$47,198	$3,933	$907	$22.69
California	$46,356	$3,863	$891	$22.29
Maine	$45,017	$3,751	$865	$21.64
Idaho/td>	$44,534	$3,711	$856	$21.41
Washington	$44,187	$3,682	$849	$21.24
Pennsylvania	$43,983	$3,665	$845	$21.15
Massachusetts	$43,445	$3,620	$835	$20.89
Alaska	$43,170	$3,597	$830	$20.76
New Jersey	$43,011	$3,584	$827	$20.68
New Hampshire	$42,908	$3,575	$825	$20.63
Oregon	$42,677	$3,556	$820	$20.52
North Dakota	$42,635	$3,552	$819	$20.50
Wisconsin	$42,362	$3,530	$814	$20.37
Wyoming	$41,983	$3,498	$807	$20.18
Hawaii	$41,826	$3,485	$804	$20.11
Colorado	$41,600	$3,466	$800	$20.00
Indiana	$41,247	$3,437	$793	$19.83
Nevada	$40,819	$3,401	$784	$19.62
New Mexico	$40,705	$3,392	$782	$19.57
Minnesota	$40,649	$3,387	$781	$19.54
Arizona	$40,394	$3,366	$776	$19.42
South Dakota	$40,294	$3,357	$774	$19.37
Montana	$39,786	$3,315	$765	$19.13
Ohio	$39,590	$3,299	$761	$19.03
Rhode Island	$39,530	$3,294	$760	$19.01
Delaware	$39,456	$3,288	$758	$18.97
Alabama	$39,289	$3,274	$755	$18.89
Virginia	$39,028	$3,252	$750	$18.76
Connecticut	$38,758	$3,229	$745	$18.63
Iowa	$38,685	$3,223	$743	$18.60
Illinois	$38,391	$3,199	$738	$18.46
Mississippi	$38,340	$3,195	$737	$18.43
Maryland	$38,247	$3,187	$735	$18.39
Tennessee	$37,798	$3,149	$726	$18.17
Utah	$37,700	$3,141	$725	$18.13
Nebraska	$37,533	$3,127	$721	$18.04
Missouri	$37,031	$3,085	$712	$17.80
South Carolina	$36,656	$3,054	$704	$17.62
Georgia	$36,600	$3,050	$703	$17.60
Oklahoma	$36,348	$3,029	$699	$17.48
Texas	$36,300	$3,025	$698	$17.45
Kansas	$36,094	$3,007	$694	$17.35
North Carolina	$35,899	$2,991	$690	$17.26
Louisiana	$35,490	$2,957	$682	$17.06
Kentucky	$34,483	$2,873	$663	$16.58
Michigan	$34,470	$2,872	$662	$16.57
West Virginia	$33,968	$2,830	$653	$16.33
Arkansas	$32,760	$2,730	$630	$15.75
Florida	$32,391	$2,699	$622	$15.57

Source: ZipRecruiter

Cosmetologist Job Considerations for Pay & Benefits

Even if they work full-time, many cosmetologists are self-employed and rent a chair or workspace at the salon they work in. Because most cosmetologists are not full-time employees of someone else’s business, they typically don’t receive employer-sponsored benefits like health coverage or a 401(k) match. That means they also won’t receive a paycheck when they take time off. To help offset the loss of benefits, cosmetologists need to set their rates to account for not just the amount of money they need to cover living expenses, but so they earn enough to afford benefits as well.

Some cosmetologists, however, will find full-time work. Examples of these career paths could be working as a cosmetology instructor or being a staffer at a resort’s spa.


💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

Pros and Cons of Cosmetologist Salary

One of the main benefits of a cosmetologist’s salary is that expensive schooling isn’t required to start this career. While completing a state-approved cosmetology program is typically required, this education path is usually much faster and less expensive than pursuing a four-year degree. This means many cosmetologists can avoid taking out expensive student loans with monthly payments that can eat into their paychecks.

However, there is no denying that the average cosmetologist salary is below the national average for all incomes combined.

The Takeaway

Working as a cosmetologist leads to a median annual salary of $33,400. With hard work and strong skills, cosmetologists can expect to make more money down the road, especially if they work in certain markets. Also, since many cosmetologists work for themselves, they can gradually increase their rates as they build their client base and reputation.

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FAQ

Can you make 100k a year as a cosmetologist?

It is possible to earn $100,000 or more a year as a cosmetologist. However, it will take time to build up a client base or find a position that will pay high enough rates to build a six-figure salary.

Do people like being a cosmetologist?

It’s very common to pursue cosmetology as a career because of a passion for hair care, skincare, makeup, or nail care. This can be a really fun and rewarding career path for anyone whose passions align with the services they offer. However, if someone is an introvert, even if they love cosmetology, they may find a full day of social interaction to be too draining.

Is it hard to get hired as a cosmetologist?

There are currently 89,400 job openings projected annually for cosmetologists between now and 2032, and there is an anticipated 8% growth of openings during that time, which exceeds the national average.

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Photo credit: iStock/Renata Angerami

SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

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The median annual pay for chefs is $56,520 for the most recent year studied, according to the Bureau of Labor Statistics. This can be a great career for foodies and creative types who love being in the kitchen and can deal with pressures of a food service job.

A good meal can really make someone’s day, whether they’re celebrating a special occasion or not. Chefs can work in a variety of settings, from local eateries to cruise ships to corporate dining rooms to test kitchens. Read on to learn more about the kind of salary a chef earns and more.

What Are Chefs?

Professional chefs do so much more than cook food.

•   Many chefs are in charge of other kitchen staff and help guide them to success in their careers. (For this reason, it may not be a good job for introverts.)

•   They may also manage inventory and ordering food and confirm ingredients are fresh and ready to use.

•   They may develop recipes and create menus.

•   Chefs may hire and train other chefs to work below them.

•   If a chef owns their own restaurant, they will also take on all the work associated with running a business.

Chefs don’t exclusively work in restaurants. Some may work for catering companies, in hotels, on cruise ships, or at event spaces. They may even work for large offices that cater food for employees each day or at schools and universities, feeding hungry students. There are also chefs who may run their own business, catering local parties and weddings, or providing baked goods for cafes.

What’s more, chefs don’t necessarily need special training. Some may have degrees in food service or hospitality, and others may have attended culinary school or taken classes in various techniques. But others are simply talented people with great skills and taste to share.

That said, working in food service can require being on your feet for long hours and with significant pressure since there are hungry people waiting to be fed.


💡 Quick Tip: When you have questions about what you can and can’t afford, a spending tracker app can show you the answer. With no guilt trip or hourly fee.

How Much Do Starting Chefs Make a Year?

Entry-level chefs can expect to make less than the average salary for a chef, as that figure reflects more years of experience and working one’s way up the pay scale. Instead, a person just starting out might expect to earn more on a par with the lowest 10% of chefs, or less than $33,750.

Worth noting: The top 10% of earners in this role make more than $91,520, indicating that there is the potential to earn $100,000 a year in this career. That is more likely to happen for those who live in major cities or land a job with a big brand or hospitality chain or perhaps find fame as a chef on social media.

What is the Average Salary for a Chef?

In addition to how experienced they are, what state a chef works in can also majorly impact how much money they earn. While the median nationwide salary for chefs is currently $56,520 per year, the following table highlights how much variance chefs can see in pay depending on the state they live and work in.

For example, chefs in New Jersey tend to earn more than the national median ($56,764 on average), whereas Florida chefs earn much less ($34,602 on average).

This table is arranged from highest to lowest salary, and shares hourly pay as well.

What is the Average Chef Salary by State for 2023

State	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
New Jersey	$56,764	$4,730	$1,091	$27.29
Wisconsin	$55,435	$4,619	$1,066	$26.65
Alaska	$54,063	$4,505	$1,039	$25.99
Massachusetts	$53,990	$4,499	$1,038	$25.96
Oregon	$53,816	$4,484	$1,034	$25.87
Washington	$53,813	$4,484	$1,034	$25.87
North Dakota	$53,670	$4,472	$1,032	$25.80
New Mexico	$53,309	$4,442	$1,025	$25.63
Minnesota	$52,646	$4,387	$1,012	$25.31
Hawaii	$52,603	$4,383	$1,011	$25.29
Ohio	$51,434	$4,286	$989	$24.73
Colorado	$51,407	$4,283	$988	$24.71
Nevada	$51,118	$4,259	$983	$24.58
New York	$50,810	$4,234	$977	$24.43
South Dakota	$50,724	$4,227	$975	$24.39
Rhode Island	$49,846	$4,153	$958	$23.96
Iowa	$49,742	$4,145	$956	$23.91
Vermont	$49,511	$4,125	$952	$23.80
Connecticut	$49,322	$4,110	$948	$23.71
Tennessee	$49,110	$4,092	$944	$23.61
Utah	$48,728	$4,060	$937	$23.43
Delaware	$48,579	$4,048	$934	$23.36
Mississippi	$48,486	$4,040	$932	$23.31
Virginia	$47,981	$3,998	$922	$23.07
Illinois	$47,511	$3,959	$913	$22.84
Maryland	$47,073	$3,922	$905	$22.63
California	$46,594	$3,882	$896	$22.40
Pennsylvania	$46,549	$3,879	$895	$22.38
Nebraska	$46,142	$3,845	$887	$22.18
Louisiana	$45,964	$3,830	$883	$22.10
Missouri	$45,660	$3,805	$878	$21.95
Kansas	$45,632	$3,802	$877	$21.94
Maine	$45,596	$3,799	$876	$21.92
South Carolina	$45,226	$3,768	$869	$21.74
New Hampshire	$45,221	$3,768	$869	$21.74
Oklahoma	$44,686	$3,723	$859	$21.48
Wyoming	$44,588	$3,715	$857	$21.44
Idaho	$44,507	$3,708	$855	$21.40
North Carolina	$44,293	$3,691	$851	$21.29
Texas	$44,148	$3,679	$849	$21.23
Indiana	$44,062	$3,671	$847	$21.18
Arizona	$43,151	$3,595	$829	$20.75
Kentucky	$42,767	$3,563	$822	$20.56
Michigan	$42,579	$3,548	$818	$20.47
Montana	$42,501	$3,541	$817	$20.43
Alabama	$41,970	$3,497	$807	$20.18
Arkansas	$40,542	$3,378	$779	$19.49
Georgia	$39,098	$3,258	$751	$18.80
West Virginia	$35,951	$2,995	$691	$17.28
Florida	$34,602	$2,883	$665	$16.64

Source: ZipRecruiter

Recommended: Pros and Cons of Raising Minimum Wage

Chef Job Considerations for Pay & Benefits

It’s hard to pinpoint what potential benefits chefs gain access to in addition to their hourly wage or annual salary.

That being said, many chefs who work full-time will qualify for traditional employer-sponsored benefits like retirement savings accounts, health insurance, and paid time off.

Chefs who work part-time may not qualify for any benefits, and those who own their own businesses will be responsible for securing those benefits.


💡 Quick Tip: Income, expenses, and life circumstances can change. Consider reviewing your budget a few times a year and making any adjustments if needed.

Pros and Cons of Chef Salary

The main advantage of a chef’s salary is that many years of expensive schooling aren’t required to earn a decent salary. Not having to worry about student loans can help a chef’s salary stretch a lot further. While some chefs may choose to attend culinary programs at a technical school, culinary arts school, community college, or a four-year college, this education can be obtained affordably.

On the flip side, it can be challenging to find a full-time role as a chef that comes with benefits, and the tradeoff for a decent salary is often very long and hard working hours, with a considerable degree of stress.

Recommended: What Does Competitive Pay Mean?

The Takeaway

Working as a chef can be an exciting way to earn a solid living. Those who are passionate about food will likely love going to work every day. This job does come with its challenges—primarily, it is physically demanding and under high pressure—but can be a great way to turn a love of food and cooking into a career.

See exactly how your money comes and goes at a glance.

FAQ

Can you make 100k a year as a chef?

While it is possible to earn $100,000 a year as a chef, it isn’t typical to earn that much. The median annual salary for chefs is $56,520. That being said, chefs who work in fine dining or who own their own businesses may be able to earn more competitive pay.

Do people like being a chef?

If someone loves to cook, they will likely enjoy being a chef. However, this job does require a lot of social interaction with other members of the kitchen and wait staff, so it’s not a great fit for anyone who is antisocial.

Is it hard to get hired as a chef?

There are about 22,000 openings annually for chefs and head cooks, and job opportunities are growing faster than average. So if someone has the right skill set and qualifications, they should be able to find a job as a chef. It is important to note that it may be challenging to get hired as a chef if someone lives in an area without a lot of restaurants or lacks industry experience.

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SoFi Relay offers users the ability to connect both SoFi accounts and external accounts using Plaid, Inc.’s service. When you use the service to connect an account, you authorize SoFi to obtain account information from any external accounts as set forth in SoFi’s Terms of Use. Based on your consent SoFi will also automatically provide some financial data received from the credit bureau for your visibility, without the need of you connecting additional accounts. SoFi assumes no responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, loss of user data, communications, or personalization settings. You shall confirm the accuracy of Plaid data through sources independent of SoFi. The credit score is a VantageScore® based on TransUnion® (the “Processing Agent”) data.

*Terms and conditions apply. This offer is only available to new SoFi users without existing SoFi accounts. It is non-transferable. One offer per person. To receive the rewards points offer, you must successfully complete setting up Credit Score Monitoring. Rewards points may only be redeemed towards active SoFi accounts, such as your SoFi Checking or Savings account, subject to program terms that may be found here: SoFi Member Rewards Terms and Conditions. SoFi reserves the right to modify or discontinue this offer at any time without notice.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

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In this era of the Gig Economy, side hustles, and entrepreneurship, many people are freelancers. Working this way can offer flexibility and unlimited earning potential, but it can also bring a learning curve when it comes to managing your money. Financial planning for freelancers means knowing how to handle things like tracking income and expenses, planning for taxes, and investing for retirement.

Mastering freelance money management can take some time and focus, but it’s a worthwhile pursuit if it helps you to achieve your financial goals. The better you understand how to manage finances as a freelancer, the easier it can be to get ahead.

To help get on the right path, read on to learn, among other topics:

•   Why financial planning is important for freelancers

•   How to create a budget as a freelancer

•   How to track cash flow

•   How to separate business and personal expenses

What Is a Freelancer?

A freelancer is someone who gets paid to complete work on a per-job basis. Freelancers are independent contractors, not employees. A freelancer can work with multiple clients on a contract basis, performing a variety of tasks.

Why does understanding this definition matter for freelance money management? It’s important because freelancers are not entitled to the same financial perks as hourly or salaried employees.

As a freelancer, you’re responsible for handling things like retirement planning, health insurance, and taxes yourself. You also won’t have paid vacations and holidays the way employees do, which may factor into your cash flow and money management planning.

Why Financial Planning Is Important

What is financial planning? Financial planning is the process of creating a plan for managing your money. A financial plan can include both short-term and long-term goals and the steps you’ll need to take to achieve them. For example, your financial plan might include a strategy for paying off student loans or saving money toward a down payment on a home.

Financial planning for freelancers is important because you’re in charge of deciding what happens with your money. Learning how to manage finances as a freelancer can help you to:

•   Create a workable budget, even if you have irregular income

•   Formulate a plan for saving for retirement

•   Stay on top of your tax obligations

•   Streamline expenses so you can avoid debt

•   Plan for emergencies or unexpected costs

Planning can be a pathway to good financial health. And it’s an opportunity to develop positive habits and improve your money mindset, both of which can benefit you throughout your freelance career.

11 Tips for Financially Planning as a Freelancer

If you’re new to freelance money management, you may not know where to start or what you even need to be doing. Having a blueprint to follow can make it easier to develop a workable plan for managing money. Here are some essential steps to include in your financial plan if you have a freelance mindset.

1. Having and Maintaining a Budget

A budget is a plan for spending the money you make each month. If you want to be better with money as a freelancer, then creating and sticking to a budget is non-negotiable. It will help you both understand and optimize your finances.

When making a freelancer budget, start with income first. If your income is irregular, it can help to create an average as your baseline. So you’d add up all the money you made from freelancing over the past 12 months, for instance, then divide by 12 to arrive at a monthly average income.

You can then plan out your expenses (more on that in a minute), using that average as your baseline. You’ll tally how much money flows out for necessities every month, and see how much profit you are making.

When you have higher-income months, you can stash extra money in a savings account to help cover expenses in months when income is lower. You’ll also want to put money towards an emergency fund and retirement (more details below).

2. Giving Yourself a Consistent Paycheck

When you freelance, there’s no such thing as a weekly or biweekly paycheck. Instead, you might get paid on different dates each month, depending on how your clients handle payments.

That can lead to uncertainty about when to pay bills. You can avoid that issue by giving yourself a consistent paycheck on a regular schedule. So you might pay yourself a set amount on the 1st and 15th of each month, for example.

To do that, you might need to set aside enough money to cover one month’s worth of bills in your checking account first. That way, you can pay yourself according to the schedule you set without having to worry about overdrawing your bank account.

3. Keeping Track of Your Expenses

Tracking expenses is central to managing money better as a freelancer, especially if you’re worried about going over budget. It’s important to keep tabs on both your personal expenses and your business expenses so you know how much you’re spending each month. When adding up your business expenses, be thorough: Do you rent an office? If so, don’t forget about the electrical bill and any cleaning services as expenses.

Also track the costs of legal fees, insurance, website hosting and any online advertising you may do. Some of these charges can be billed annually, and you may lose sight of them since they don’t recur.

Keeping up with business spending also matters from a tax perspective. There are a number of tax deductible expenses for freelancers that can help to reduce your tax bill.

For example, you might be able to write off marketing expenses if you maintain a website for your business or claim an office at home tax deduction. Having a paper trail to back up those deductions is important in case the IRS targets you for an audit.

4. Timing Your Freelance Projects

Staying booked and busy is every freelancer’s dream since no work means no income. Timing your freelance projects can help to keep your income and cash flow consistent, so that you’re not struggling to stay on top of the bills. For example, if you’re a freelance writer, you might set deadlines to allow yourself enough time to invoice for your work (and get paid) before certain bills come due.

There’s another dimension to timing to consider as well. It’s important to think about how much time it will take to complete a project when setting rates. Underestimating the amount of time involved could cause you to shortchange yourself when quoting rates to clients. A good rule of thumb is to assume that any project will take 20% to 50% longer than you think it will. Then base your rates on that higher number.

5. Paying Down Your Debt

Debt can be a stumbling block to getting ahead financially as a freelancer. If you have student loans, a credit card balance, or other debt, it’s to your advantage to create a plan for paying off your debt as quickly as possible.

If your income is irregular, your budget should be designed to ensure that your most important living expenses are paid first. You can then decide how much room you have left in your budget to commit to debt repayment.

Also, consider ways to make your debt less expensive. Refinancing student loans, for example, may help you to get a lower rate and monthly payment, if you qualify for them, which can ease budget strain. You might also consolidate credit card debt with a better APR (annual percentage rate) credit card or even a rate of 0% with a balance-transfer offer. This can help you save on interest, which could make it easier to pay off your debt.

6. Separating Business and Personal Expenses

Keeping business and personal spending separate is a good idea for a few reasons. It makes it easier to create budgets for personal expenses and business expenses, so you know what you’re spending on each one. And you may encounter fewer headaches at tax time when trying to claim freelance tax deductions if business expenses are separate.

Opening a business bank account is a simple way to separate your spending each month. You can link it to your personal checking account in order to pay yourself your regular paycheck. You may also consider opening a separate business credit card to cover freelancing expenses if you can afford to pay the bill in full each month and avoid interest charges.

7. Investing in Insurance

As a freelancer, you don’t have access to employer-sponsored health insurance. So if you want to get covered, you’ll need to purchase a policy yourself. Self-employed individuals, including freelancers, can buy health insurance through the Health Insurance Marketplace.

When comparing health insurance plans, pay attention to:

•   Premiums

•   Deductibles

•   Copays and coinsurance

•   Coverage limits

You may also consider applying for health insurance through Medicaid if you have little to no income or financial resources. Eligibility for Medicaid is based on your income, household size, and assets. You can apply through your local department of social services.

In addition to health insurance, you may also want to look into insurance for your business. Liability insurance, for example, can protect you against claims arising from copyright infringement, libel, or defamation. That type of insurance can come in handy if you’re sued.

8. Having an Emergency Fund

An emergency fund is money that you set aside for unexpected expenses; say, a major car repair or medical bill. As a freelancer, an emergency fund can be invaluable if your work assignments dry up or you get sick and are unable to work temporarily.

In terms of how much to save for emergencies, three to six months’ worth of expenses is a commonly-used rule of thumb. But you might want to double or even triple that amount if your freelance income is irregular or you’re worried about a sustained client drought.

Recommended: Ready to build your emergency fund? Use our emergency fund calculator to determine the right amount.

Keeping your emergency fund in an online savings account is an option to consider. The annual percentage yield (APY) tends to be higher than what bricks-and-mortar banks offer. Online savings accounts may also charge fewer fees than traditional savings accounts.

9. Accounting for Taxes

Freelancing means you don’t have an employer taking out taxes from your paychecks. So you’ll have to handle taxes yourself.

Generally speaking, the IRS requires you to file an annual tax return and pay estimated quarterly taxes if you expect to owe $1,000 or more for the year. Quarterly taxes are essentially an advance payment against the amount of tax you’ll likely owe for the year.

Estimated taxes are due four times a year, typically:

•   April 15 (1st payment)

•   June 15 (2nd payment)

•   September 15 (3rd payment)

•   January 15 of the following year (4th payment)

Failing to make those payments on time can trigger penalties. If your state collects income tax, you’ll also need to make estimated payments to your state revenue agency.

You can use an online tax calculator to gauge how much you’ll need to pay for estimated taxes each quarter. It may be helpful to set up a separate business checking account or savings account to hold the money for those payments. As your clients pay invoices, you can allocate part of each payment to your tax account.

If filing taxes as a freelancer seems overwhelming, consider talking to an accountant or another tax professional who can help you figure out how much to set aside for taxes and how to maximize deductions in order to lower your tax bill. You may be surprised to learn about some business tax credits you didn’t know about.

10. Investing Your Money

Investing is key to building wealth since it allows you to take advantage of the power of compounding returns. If you already have an emergency fund in place, the next step in freelance money managing is creating an investment portfolio.

You can start with a retirement account if you don’t already have one. Freelancers can use traditional IRAs, Roth IRAs, SEP IRAs, and solo 401(k) plans to save for retirement. Each of these plans can offer a tax-advantaged way to save for the future. You can supplement your retirement savings with investments in a taxable brokerage account if you choose.

When investing as a freelancer, consider your risk tolerance and how much you have to invest, based on your budget. You may need to start with a small monthly amount, but you could build on that over time. The most important thing is to start saving and investing for the future.

11. Taking Advantage of Resources

Financial planning as a freelancer can be easier when you have the right tools and resources. For instance, some of the things you might consider incorporating into your plan include:

•   Budgeting apps

•   Tax management apps

•   Online bank accounts for freelancers

•   Investment apps

You can also search online for resources to help with things like insurance and tax planning.

Managing Finances With SoFi

Between managing deadlines, tracking invoices, and keeping up with client needs, freelancing can be demanding. Finding ways to simplify money management as a freelancer, including opening the right bank account, can save you valuable time and money.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with eligible direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

Better banking is here with SoFi, NerdWallet’s 2024 winner for Best Checking Account Overall.* Enjoy 3.30% APY on SoFi Checking and Savings with eligible direct deposit.

FAQ

How is freelancing paid?

Freelancers can get paid in a number of ways, depending on their clients’ preferences. For example, clients can send payments through PayPal, Stripe, direct deposit, or paper checks. When negotiating a freelance contract with a new client, it’s important to understand how and when you’ll be paid for the work you perform. In some professions, it can be typical for clients to take 30 days or longer to pay invoices.

Do you need insurance if you are a part-time freelancer?

If you freelance part-time while working a full-time job, you may be covered by a policy from your main employer. But if you have no insurance coverage at all, it could make sense to buy a policy for yourself through the healthcare marketplace. You may also want to look into buying separate liability insurance for your business.

What are some good freelancer jobs?

There are lots of ways to make money as a freelancer. Some of the highest-paying freelance gigs can include copywriting, graphic design, and editing. There are also a variety of freelance jobs that may be desirable because you can set your own hours, such as driving an Uber.

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SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. The SoFi® Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

3.30% APY
Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet

Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network every 31 calendar days.

Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. To ensure you're earning the APY for account holders with Eligible Direct Deposit, we encourage you to check your APY Details page the day after your Eligible Direct Deposit posts to your SoFi account. If your APY is not showing as the APY for account holders with Eligible Direct Deposit, contact us at 855-456-7634 with the details of your Eligible Direct Deposit. As long as SoFi Bank can validate those details, you will start earning the APY for account holders with Eligible Direct Deposit from the date you contact SoFi for the next 31 calendar days. You will also be eligible for the APY for account holders with Eligible Direct Deposit on future Eligible Direct Deposits, as long as SoFi Bank can validate them.

Deposits that are not from an employer, payroll, or benefits provider or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, Wise, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Eligible Direct Deposit activity. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. SoFi Bank shall, in its sole discretion, assess each account holder's Eligible Direct Deposit activity to determine the applicability of rates and may request additional documentation for verification of eligibility.

See additional details at https://www.sofi.com/legal/banking-rate-sheet.
*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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