Could it be that cosmetology doesn’t pay well?
Rule #8: Every sugar baby is (or wants to be) a cosmetologist. (Or an artist, which pays even less.)
File this post under 'mentoring'. It's a really important one, and one that you really need to think through and make a difficult decision about.
Rule #8: Every sugar baby is (or wants to be) a cosmetologist. (Or an artist, which pays even less.)
File this post under 'mentoring'. It's a really important one, and one that you really need to think through and make a difficult decision about.
Ready? Here goes:
In the U.S., the average cosmetologist makes just $29,590 per year (or $14.23 per hour, which isn’t even the minimum wage in some cities). Tips - if you earn any - only add 20% more, tops. That gets us to $17.08 per hour.
How well do you think you can live for $17.08 an hour? Assuming apartment rent is $850 (and a lot more than that for most cities... at least, if you want a decent place where theft, muggings, and murders don’t happen every day), a monthly payment on a cheap car is $250, food is… well, let’s do the math:
How much entertainment can you get with $12 a month? Not much. And throw even one baby or pet in the equation, and you end up in the hole - exactly the problem that going to school was supposed to fix.
The takeaway: Aim higher.
Cosmetology sounds like fun, but cosmetologists/aestheticians tend to be poor because the supply far exceeds the demand.
How well do you think you can live for $17.08 an hour? Assuming apartment rent is $850 (and a lot more than that for most cities... at least, if you want a decent place where theft, muggings, and murders don’t happen every day), a monthly payment on a cheap car is $250, food is… well, let’s do the math:
Category
|
Amount
|
Balance
|
Monthly income
|
$2,732
|
$2,732
|
Rent
|
($850)
|
$1,882
|
Utilities
|
($200)
|
$1,682
|
Car payment
|
($250)
|
$1,432
|
Gas
|
($120)
|
$1,312
|
Food
|
($480)
|
$832
|
School loan
|
($280)
|
$552
|
Health insurance
|
($440)
|
$112
|
Other expenses
|
($100)
|
$12
|
Entertainment
|
($12)
|
$0
|
How much entertainment can you get with $12 a month? Not much. And throw even one baby or pet in the equation, and you end up in the hole - exactly the problem that going to school was supposed to fix.
The takeaway: Aim higher.
Cosmetology sounds like fun, but cosmetologists/aestheticians tend to be poor because the supply far exceeds the demand.
If you want to make a comfortable living - one that won’t be completely thrown off track by missing a day of work or buying a pair of jeans (that’s right - the budget above doesn’t include one thin dime for clothes) - go to a trade school and become a welder (US$39,260), an electrician (US$51,708), or a dental hygienist (US$67,670).
That's how you get ahead.
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