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You've been misinformed if you've been told you can make a living shooting for magazines. For one thing, magazines are almost dead--there are very few left compared to 15 years ago; and for another thing, magazines take ages--months to years--to pay. I did a feature for a magazine back in the spring of 2009 and it didn't come out until the summer of 2011.
My best suggestion: go back to school and get a masters degree in something useful in the finance or healthcare related fields.
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