What is writing, reporting and editing worth to you?
Everyone says he didn’t get into journalism to be rich – particularly not the print field – but rather it’s what he wants to do.
But when you really face the numbers it may seem even more daunting.
So what is reporting worth to you? I hope less than it was in 2001.
Someone starting out could look to make anywhere from $20,000 to $30,000, though the median salary for journalists in 2001 was approximately $44,000. (Via Mindy McAdams)
Working as an intern at the Philadelphia Business Journal, I made the equivalent of $16,000 a year. As a post-graduate intern covering state government this past summer in Harrisburg, Pa., I made what would be $25,000 during a full year.
Understand, though, the difference in cost of living. According to CNN Money’s salary calculator, I would need to make more than $30,000 to live in Philadelphia and maintain the same standard of living as I did in Harrisburg. That’s already well beyond the median salary for all newspaper reporters.
The only full-time gig in Philadelphia I seriously pursued offered a salary of just that: $30,000, though the position is going to remain unfilled because of budget cutbacks.
You need more than $190,000 to raise a child to age 18, according to estimates by Bankrate.com. Can you do that on that total?
How much can I make as a freelance journalist? I am in the process of figuring just that out, being two weeks into my freelance career. I’d set a goal of $30,000, considering I wouldn’t much want to dip below my standards as a post-graduate intern, but that seems daunting thus far.
Much more is to be discovered and learned, though, so keep all of this in mind.
My peers have found part-time work to develop a steady stream of money, though small, to compliment whatever freelance money they can earn. I’ve made a small step in that direction by blogging for BNET, a business-news subsidiary of CBS. I’m also selling my services, like I did recently with storytelling (hire me to tell your story!).
Do those numbers shock you? Are you ready to find your own alternative revenue streams?