12 High-Paying Jobs That Are Actually Modern-Day Slavery

Who would say no to a six-figure paycheck? Sure, a hefty salary can be tempting, but some high-paying careers come with hidden costs. Intense pressure, long hours, and demanding work environments can leave you feeling burnt out and questioning your work-life balance. We did some digging around, and it turns out the following professions offer significant earning potential but also come with some serious challenges:

Doctors (Average Annual Salary: Varies Depending on Specialty)

Being a doctor is about more than a paycheck. It’s a calling that comes with immense responsibility. All doctors, regardless of specialty, face demanding workloads, long hours, and the constant pressure of patient care. Their decisions can have life-altering consequences, requiring a high level of knowledge, skill, and emotional resilience.

Investment Bankers (Average Annual Salary: $102,000 – $207,000)

The world of high finance is all about deal-making and generating profits. Investment bankers work long hours, face intense pressure to perform, and are often glued to their phones 24/7.

Commercial Airline Pilots (Average Annual Salary: $121,400 – $191,000)

Guiding hundreds of passengers through the skies comes with immense responsibility. Pilots work irregular schedules, experience jet lag, and may face long stretches away from home.

Offshore Oil Rig Workers (Average Annual Salary: $75,000 – $200,000+)

Working on a remote oil rig can be lucrative, but it also means long periods of isolation, harsh working conditions, and potential safety hazards.

Surgeons (Average Annual Salary: $318,000 – $770,000+)

A surgeon’s life is demanding. They face long and unpredictable hours, intense pressure during surgeries, and the emotional weight of patient outcomes.

Professional Athletes (Average Annual Salary

Varies Greatly Depending on Sport and League)Professional athletes enjoy fame and fortune, but their careers are often short-lived. They face grueling training schedules, a high risk of injuries, and the constant pressure to perform at their peak.

Investment Banking Analysts (Average Annual Salary: $85,000 – $130,000)

The first rung on the investment banking ladder can be brutal. Analysts work long hours under immense pressure to produce complex financial models and presentations, often sacrificing sleep and personal time.

Management Consultants (Average Annual Salary: $87,000 – $180,000)

Consultants travel extensively, work long hours to meet deadlines, and may struggle to maintain a work-life balance. The pressure to deliver results for clients can be immense.

Salespeople in Highly Competitive Industries (Average Annual Salary: Varies)

High-commission sales roles can be lucrative, but they often require long hours, aggressive tactics, and the ability to handle rejection. Meeting quotas can be stressful, and job security can be uncertain.

Dermatologists (Average Annual Salary: $401,000)

Dermatologists may seem to have it easy—treating acne and wrinkles—but their world is a constant juggle. They manage busy clinic schedules filled with patients while staying up-to-date on the latest skin cancer detection and treatment advancements. It’s a high-pressure specialty that demands both clinical expertise and business acumen.

Anesthesiologists (Average Annual Salary: $326,000 – $572,000+)

Anesthesiologists are the silent heroes of the operating room. They ensure patient safety during surgery by administering anesthesia and monitoring vital signs. Their work is critical, requiring meticulous attention to detail and the ability to handle high-stress situations. While they may not be in the spotlight, their role is essential for successful surgical outcomes.

Lawyers at Top Law Firms (Average Annual Salary: $190,000 – $315,000+)

The prestige of working at a top law firm comes with a price. Lawyers face long hours, demanding clients, and intense pressure to meet deadlines. Burnout is a common concern.

Hedge Fund Managers (Average Annual Salary: Varies Greatly)

Hedge fund managers can earn astronomical sums, but their success hinges on the performance of their investments. The near-constant pressure to generate returns can be immense, leading to long hours and high stress.

Anesthesiologists (Average Annual Salary: $326,000 – $572,000+)

While well-compensated, anesthesiologists face long and unpredictable hours, work in high-pressure surgical environments, and carry the weight of ensuring patient safety during critical procedures.

Entrepreneurs (Average Annual Salary: Highly Variable)

The path of an entrepreneur offers the potential for great rewards but also comes with significant risks. Long hours, financial uncertainty, and pressure to succeed can be emotionally draining.

Broadcast Journalists in High-Stress Markets (Average Annual Salary: $78,500 – $228,400)

Being a news anchor or reporter in a major market can be glamorous, but it also comes with intense pressure to deliver breaking news stories under tight deadlines. Working irregular hours and facing public scrutiny can take a toll.

When to File for Spousal Benefits with Social Security: Mistakes That Cost Thousands

Social Security is a critical source of income for millions of retirees in the United States. However, for married couples, navigating the system can get complicated, especially when it comes to spousal benefits. These benefits are designed to supplement the income of a lower-earning spouse based on the higher-earner’s work history. However, a series of missteps can significantly reduce the amount you receive, potentially costing you thousands of dollars over your lifetime. Here are 14 crucial mistakes to avoid when filing for spousal benefits with Social Security:

Claiming Too Early

You can claim spousal benefits as early as age 62, but just like your own retirement benefit, taking them early means a permanent reduction. A study by the Social Security Administration found that in 2022, claiming spousal benefits at 62 resulted in an average reduction of 30% compared to waiting until full retirement age (FRA). This can have a substantial impact on your long-term financial security.

Not Coordinating with Your Spouse

Spousal benefits are intricately linked to your spouse’s claiming decisions. If your spouse takes their retirement benefit early, it can affect the amount you receive as a spousal benefit, even if you wait until your FRA. Communication and strategic planning as a couple are essential to maximize benefits.

Failing to Consider Full Retirement Age

Social Security’s full retirement age (FRA) varies depending on your birth year, but it typically falls between 66 and 67. Spousal benefits are based on a percentage of your spouse’s benefit at their FRA, not the potentially reduced amount they might receive if they claim earlier.

Missing Out on Delayed Retirement Credits

For every month you delay claiming your retirement benefits past your FRA, you earn delayed retirement credits (DRCs) that increase your benefit by 8%. This also applies to your spouse’s benefit. So, if your spouse waits until 70 to claim (assuming their FRA is 67), their benefit will be significantly higher, which in turn increases your potential spousal benefit.

Not Understanding the “Deemed Filing” Rule

A hidden rule called “deemed filing” can trip up unsuspecting couples. If you claim your own retirement benefit before your FRA and your spouse is 62, they are automatically considered to be filing for a spousal benefit at that time, even if they haven’t applied. This can lock them into a permanently reduced benefit.

Neglecting Your Own Earnings History

Even if you qualify for a spousal benefit, it doesn’t mean you should disregard your own earnings record. You might be eligible for a higher benefit based on your own work history. Social Security will automatically pay you the higher amount between your spousal benefit and your own retirement benefit.

Forgetting About Divorce

Even after a divorce, you might still be eligible for spousal benefits if you were married for at least ten years, haven’t remarried, and your ex-spouse is at least 62 and receiving retirement benefits. The benefit amount will be based on your ex-spouse’s earnings record and your age at claim.

Overlooking Survivors Benefits

If your spouse passes away, you might be entitled to survivor benefits, which can be higher than your spousal benefit. The amount depends on your age at your spouse’s death and whether you have any dependent children.

Not Researching and Planning

Social Security rules can be complex, and spousal benefits involve additional layers of considerations. Don’t rely solely on hearsay or anecdotes. Utilize the wealth of resources available from the Social Security Administration (SSA) website, including online calculators and retirement planning tools.

Failing to Factor in Taxes

While a significant portion of Social Security benefits are not taxed, depending on your total income, some of your benefits might be subject to federal income taxes. Understanding potential tax implications can help you plan for your overall retirement income needs.

Not Considering Cost-of-Living Adjustments (COLAs)

Social Security benefits are adjusted annually for inflation through COLAs. This helps maintain purchasing power over time. When considering when to claim spousal benefits, factor in the potential impact of COLAs on the long-term value of your benefit.

Ignoring Health Care Considerations

Medicare eligibility often hinges on your spouse’s work history. If you rely on your spouse for health insurance coverage, understand how claiming benefits might affect your Medicare eligibility and potential costs.

Going it Alone

Social Security offers a wealth of free resources and retirement planning tools. Additionally, consider consulting with a financial advisor specializing in Social Security benefits. Their expertise can help you navigate the complexities and create a personalized claiming strategy to maximize your benefits.

Ignoring the “File and Suspend” Strategy

While no longer an option, it’s worth noting a past strategy called “file and suspend” that some couples might be familiar with. This allowed a spouse to claim their retirement benefit at their FRA to earn DRCs while their spouse continued to receive a spousal benefit based on their unclaimed benefit amount. This maximized benefits for both partners, but unfortunately, this loophole was closed by Social Security in 2016.

Unexpected Homeowner Disasters That Could Leave You Bankrupt

Owning a home is a dream for many, but the path to homeownership isn’t always paved with roses. Beyond the joy of customization and backyard barbecues lie unforeseen expenses and potential disasters that can wreak havoc on your wallet. According to a 2023 National Association of Home Builders report, 40% of homeowners experience unexpected maintenance issues within the first year of ownership. Don’t let a surprise plumbing leak or a rogue raccoon turn your dream home into a financial nightmare! Here are 14 unexpected homeowner disasters and how to be prepared:


According to a 2022 HomeAdvisor report, exterminating those cute little bugs feasting on your floor joists can cost a homeowner an average of $3K. Schedule annual termite inspections and consider preventative measures to avoid a costly infestation.


Your roof is your home’s first line of defense against the elements. However, weather damage, aging materials, and unforeseen leaks can necessitate a roof replacement, which costs $8,500, according to Angi. Regular inspections and proper maintenance can extend your roof’s lifespan and save you from a financial blow.

Sewer System

The main sewer line leaving your house is hidden underground, out of sight, and (hopefully) out of mind. However, a clogged or broken sewer line can cause a major backup, and repairs can cost an average of $3,500, according to a 2023 Thumbtack survey. Be mindful of what you flush and consider preventative maintenance like drain cleaning to avoid a messy (and expensive) situation.


Home improvement projects often require permits, and failing to obtain the proper permits can result in fines, delays, and even forced reconstruction. Always research permit requirements before starting any major renovations to avoid costly setbacks.

Initial Inspection Oversights

Even a thorough home inspection can miss hidden problems. A 2023 survey by the American Society of Home Inspectors (ASHI) revealed that 42% of home inspectors have encountered major issues not identified during the initial inspection. Budget for potential unforeseen repairs and consider a home warranty to provide peace of mind.


Appliances don’t last forever, and their demise often feels perfectly timed to drain your bank account. According to a 2022 survey by NerdWallet, the average refrigerator lasts 9-13 years, while a clothes dryer can last anywhere from 8-13 years. Research appliance lifespans and budget for replacements to avoid a financial shock when your fridge decides to call it quits.


Mold lurking behind walls or in damp basements can pose serious health risks and cause property damage. The Environmental Protection Agency (EPA) estimates mold remediation costs can range from $3K to $10K or more. If you suspect mold growth, maintain proper ventilation, address moisture issues promptly, and consider professional inspections.


Settling foundations and foundation cracks are common, especially in older homes. While minor cracks might be manageable, major foundation issues can cost an average of $6K to repair, according to the Federal Alliance for Safe Homes. Regular inspections and addressing drainage issues around your home can help prevent foundation problems.


Older homes might contain asbestos, a hazardous material that can cause serious health problems. According to the Environmental Protection Agency (EPA), asbestos abatement can cost homeowners an average of $4K per square foot. If you suspect asbestos in your home, have it tested by a professional before disturbing it.


Towering trees can provide shade and beauty but also wreak havoc on your property. A fallen tree on your house can be a homeowner’s worst nightmare, and the cost of removal and repairs can vary depending on the size and damage caused. The National Arbor Day Foundation recommends regular tree trimming and maintenance to minimize risks.


Heating and air conditioning systems are essential for year-round comfort, but they’re also complex machines prone to breakdowns. According to HomeAdvisor, the average cost of HVAC repair is around $500, but major replacements can cost significantly more. Schedule regular maintenance checkups to keep your HVAC system running smoothly and avoid unexpected breakdowns.

Water Heater

Just like appliances, water heaters don’t last forever. The average lifespan of a water heater is 8-12 years, according to the Department of Energy—budget for a replacement to avoid a cold shower surprise (and a potentially hefty repair bill).


Lead paint is a hidden hazard in older homes, posing serious health risks, especially to children. According to the EPA, lead abatement can cost homeowners an average of $10K per dwelling unit. If your home was built before 1978, have it tested for lead paint before renovations or disturbing painted surfaces.

Natural Disasters

Floods, wildfires, and other natural disasters can cause catastrophic damage to your home. According to the Federal Emergency Management Agency (FEMA), the average flood insurance claim payout in 2022 was over $10K. Consider purchasing homeowner’s insurance with adequate coverage for potential natural disasters in your area.