{"id":10777,"date":"2024-02-11T19:46:28","date_gmt":"2024-02-11T19:46:28","guid":{"rendered":"https:\/\/imsfund.com\/?p=10777"},"modified":"2024-02-11T19:46:28","modified_gmt":"2024-02-11T19:46:28","slug":"working-at-walmart-could-help-make-you-a-millionaire-in-just-a-few-years-heres-how","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2024\/02\/11\/working-at-walmart-could-help-make-you-a-millionaire-in-just-a-few-years-heres-how\/","title":{"rendered":"Working at Walmart Could Help Make You a Millionaire in Just a Few Years\u2014Here&#8217;s How"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div :class=\"{ 'hidden': $store.proContent.showFullPrompt() }\">\n<section class=\"px-4 relative border border-slate-200 mobile-toc lg:hidden\" x-data=\"{open:false}\">\n<button x-on:click=\"open = !open\" class=\"flex items-center gap-4 my-2 border-none w-full\"><br \/>\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-6 w-6\" fill=\"none\" viewbox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M4 8h16M4 16h16\"\/><\/svg><\/p>\n<p class=\"font-semibold text-slate-800 text-base m-0 js-toc-ignore\">In this article<\/p>\n<p><\/button><\/p>\n<\/section>\n<p><span data-preserver-spaces=\"true\">If you dream of becoming a real estate investor but work at Walmart, you could well be on your way to realizing your dream much sooner than you think. This comes with one important caveat: You\u2019d need to manage a Walmart store to enjoy the financial benefits that could set you up with the cash needed to invest.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Walmart U.S. announced last week that it would be giving its store managers stock grants in the company. The announcement comes after Walmart also made the decision to raise managers\u2019 salaries and introduce a new bonus structure that will allow store managers to earn up to 200% of their salary in annual bonuses.\u00a0<\/span><\/p>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">How Much Will Walmart Managers Earn?\u00a0<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The company announced that starting from its 2024 fiscal year, which begins in February, the average store manager\u2019s salary will go up from $117,000 to $128,000. The new salary range will be between $90,000 and $170,000, which raises the starting salary substantially from the previous $65,000 benchmark. In addition, Walmart will do a 3-for-1 stock split at the end of February\u2014something it hasn\u2019t done since 1999.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Where things get truly lucrative is in the new bonus structure and the latest decision to give employees in some categories company stock grants. Under the new policy, managers can earn up to $404,000 per year in total if they get the performance-based bonus on top of their salary.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The stock grants of up to $20,000 will be issued to Walmart managers, with a vested period of three years. The total amount of the stock grant will depend on the size of the store the employee is managing.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The full $20,000 will be given to Supercenter managers. Supercenters are the biggest Walmart stores, about 180,000 square feet in size, and require managers to oversee hundreds of employees. Managers of Neighborhood Market stores and Division 1 stores, which are smaller, will get $15,000 in stock grants. Hometown store leaders will get $10,000 in stock grants.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The beauty of the stock grant program is that it\u2019s essentially free stock given to an employee by the company. You don\u2019t have to buy stock\u2014although that is also an option at Walmart, and the company will match 15% of the employee\u2019s purchase, up to $1,800 a year. With stock grants, the vesting period is the period the employee must remain at the company in order to be able to cash in the stock. Walmart\u2019s managers will be given the stock in installments, one-twelfth of the total each quarter until the three-year period is up.\u00a0<\/span><\/p>\n<div class=\"justify-center \" x-data=\"{ IabAdad_block_: popAd(['r720x90'], '1') }\" :class=\"IabAdad_block_.linkURL ? 'flex pt-8' : 'hidden'\">\n<a x-show=\"https:\/\/www.biggerpockets.com\/blog\/IabAdad_block_.linkURL\" x-on:click=\"adClicked('https:\/\/www.biggerpockets.com\/blog\/working-at-walmart-can-help-you-earn-400-thousand-per-year', IabAdad_block_.sponsor, IabAdad_block_.title, IabAdad_block_.id, 'blockAdClicked', 'blockAd', 'postContent')\" target=\"_blank\" x-init=\"&#10;      analytics.track('blockAdLoaded', {&#10;        referrer: 'https:\/\/www.biggerpockets.com\/blog\/working-at-walmart-can-help-you-earn-400-thousand-per-year',&#10;        sponsor: IabAdad_block_.sponsor,&#10;        ad_title: IabAdad_block_.title,&#10;        ad_page_location: 'postContent'&#10;      })&#10;    \" x-intersect:enter.once=\"adViewed('https:\/\/www.biggerpockets.com\/blog\/working-at-walmart-can-help-you-earn-400-thousand-per-year', IabAdad_block_.sponsor, IabAdad_block_.title, IabAdad_block_.id, 'blockAdViewed', 'blockAd', 'postContent')\" rel=\"noopener\"><\/p>\n<div class=\" hidden sm:block\">\n<img class=\"m-0\" :src=\"https:\/\/www.biggerpockets.com\/blog\/IabAdad_block_.r720x90\" :alt=\"IabAdad_block_.r720x90Alt\"\/>\n<\/div>\n<div class=\"block sm:hidden\">\n<img class=\"m-0\" :src=\"https:\/\/www.biggerpockets.com\/blog\/IabAdad_block_.r320x50\" :alt=\"IabAdad_block_.r320x50Alt\"\/>\n<\/div>\n<p><\/a>\n<\/div>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">So How Does This Help Budding Real Estate Investors?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The biggest stumbling block for people who want to invest in real estate is not having enough cash to invest with. Currently, BiggerPockets recommends\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/money-490\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">saving<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0$60,000 before you begin investing.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If you were a Walmart manager, how long would it take you to get there? We know that to be able to exchange the stock grant for cash, you\u2019d need to work at Walmart as a store manager for three years. That would get you between $10,000 and $20,000, depending on the type of store you were managing.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The bonus money is a less reliable figure. First, 200% of your salary is the\u00a0<\/span><em><span data-preserver-spaces=\"true\">maximum<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0bonus amount, and the bonus is performance-based. And the $400,000 total would only apply to managers earning at the top of the salary range.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Instead, let\u2019s take the new average Walmart manager\u2019s salary of $128,000. Imagine that you did get the full 200% bonus for three years straight. That would give you a gross income of $1,152,000.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">But that\u2019s before tax. On average, after tax, you can expect to take home\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.oecd.org\/tax\/tax-policy\/taxing-wages-united-states.pdf\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">around 75%<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0of that amount. So, in reality, you\u2019d get something like $864,000. How much of that you\u2019d be able to set aside for investing will vary depending on where you live, but let\u2019s say your living costs are close to the national average of $61,334 per year. Potentially, then, you could have a huge $680,000 to play with\u2014and that\u2019s before the stock grant money.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">And if you didn\u2019t get the bonus? You would only have $288,000 after tax at the end of the three years, plus the $15,000 (after tax). That\u2019s $303,000; after subtracting your average living costs, you\u2019d still have a very decent $119,000 to play around with. Therefore, in only three years of working as a Walmart store manager, you could have enough cash to build a real estate portfolio.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Of course, you would likely start off on the lower end of the Walmart manager salary range, at $90,000. But once you break into that average salary territory, you could have substantial amounts of money to set aside for your investments.\u00a0<\/span><\/p>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">You May Be Closer to Investing Than You Think<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The takeaway from this exercise is this: If you have a regular day job, you\u2019re not necessarily locked out of the possibilities of\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/money-404\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">growing your wealth<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0through real estate investing. In fact, the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/dailyprogress.com\/news\/nation-world\/business\/walmart-us-store-managers-salary-compensation-stock-grants-competitive-job-market\/article_3908db11-0e04-5442-ade0-49dcedb7d54f.html#:~:text=Walmart%2C%20which%20is%20based%20in,Walmart%20stock%20grants%20every%20year.\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">vast majority of Walmart managers (75%)<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0started out as hourly wage workers.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">And while college graduates do work at Walmart, you don\u2019t need a degree. Sure, it may take a while to get promoted to a managerial position, but it\u2019s not out of reach, and it doesn\u2019t require you to go into massive amounts of college debt.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So if you\u2019re looking for a lucrative career that will help you generate wealth over a relatively short amount of time, working at Walmart could well be it. Or you can use the Walmart example to look for jobs at companies that similarly offer good financial incentives for staff retention, like performance-based bonuses and stock grants.<\/span><\/p>\n<div id=\"visibility-group-block_64dd56548a48e\" class=\"visibility-group  hidden\">\n<div id=\"hero-block_62df1a82bfc88\" class=\"first:mt-0 hero-block py-4    has-background has-theme-gold-light-background-color has-text-color has-theme-gold-color\">\n<div class=\" flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n<div class=\"relative z-30 w-full \">\n<main class=\"py-4\"><\/p>\n<p class=\"has-theme-gold-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Get the Best Funding<\/p>\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:16px\">Quickly find and compare investor-friendly lenders who specialize in your unique investing strategy. It\u2019s fast, free, and easier than ever!<\/p>\n<p><\/main>\n<\/div>\n<div class=\" first:mt-0 relative h-full lg:flex lg:items-center\">\n<img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  shadow-xl rounded-md hidden lg:block\" src=\"https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2022\/08\/Lender-Match.png\" alt=\"find a lender with lender match\" title=\"Working at Walmart Could Help Make You a Millionaire in Just a Few Years\u2014Here's How 2\"\/>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group__inner-container\">\n<div class=\"wp-block-group__inner-container\">\n<div id=\"visibility-group-block_64dd31c79f00f\" class=\"visibility-group  \">\n<div id=\"hero-block_64dd2875dba9d\" class=\"first:mt-0 hero-block py-4    has-background has-slate-100-background-color has-text-color has-theme-slate-color\">\n<div class=\" flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n<div class=\"relative z-30 w-full \">\n<main class=\"py-4\"><\/p>\n<p class=\"my-3 md:my-5 lg:my-8 has-theme-slate-color has-text-color\" style=\"font-size:16px;font-style:normal;font-weight:400\">Ready to succeed in real estate investing? Create a free BiggerPockets account to learn about investment strategies; ask questions and get answers from our community of +2 million members; connect with investor-friendly agents; and so much more. <\/p>\n<p><\/main>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"italic\"><b>Note By BiggerPockets:<\/b> These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.biggerpockets.com\/blog\/working-at-walmart-can-help-you-earn-400-thousand-per-year\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article If you dream of becoming a real estate investor but work at Walmart, you could well be on your way to realizing your dream much sooner than you think. This comes with one important caveat: You\u2019d need to manage a Walmart store to enjoy the financial benefits that could set you up [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":10778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/02\/walmart-employee-1024x517.jpg","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-10777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=10777"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10777\/revisions"}],"predecessor-version":[{"id":10779,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/10777\/revisions\/10779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/10778"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=10777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=10777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=10777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}