This is written in words as one hundred million dollars. For most people, a truly unbelievable amount of money. When you reach this level of income, you are talking about an incredibly select group of individuals across the world. Often they have inherited wealth, or have built on a family business that has exploded.
Usually, they are in the tech sector or industry. However, this level of income 9 and 10 figures becomes more cloudy when it comes to trying to identify the actual take-home pay of an individual.
For example, Jeff Bezos, founder, president, and CEO of Amazon a figure earner is often reported as making billions of dollars in a single day. Now we have moved into the realm of the few!
Most of the individuals residing in this section will be worth ten figures and up as ten figures would see them remaining at an income level of one to nine billion.
As with a 9-figure income, looking at the annual income of an individual would not give you clear insight into their actual take-home pay. However, at this level of earnings, that is obviously not the case. Check out this list of other top CEOs who do the same. Moving to the other end of the scale, four and five-figure earners are bringing home a much lower amount. These would often be seen in zero-hours contract work when employees are essentially contracted by an organization but without the guarantee of a set number of hours per week.
This would be considered an extremely low annual income in the US or UK. It would not provide sufficient income for an individual to live off and would see them living in poverty, were they required to make the regular outgoings expected housing, food, essential bills. These are often menial, low-skilled roles that would be outsourced to other countries.
The fact they are almost always part-time or zero hours roles also brings down any possible earnings. Any job in this bracket would usually be paid by the hour and would not often be referred to by an annual income. Both of these are five-figure incomes. Many graduate and mainstream jobs and freelance careers would see someone bringing in a five-figure income. Most graduates would start their career at this level, before some migrate up into the six-figure bracket. Five-figure jobs would cover many mainstream roles in countries such as the US and the UK:.
Many jobs requiring college-level study fall into the mid-to-higher end of this bracket, including healthcare professionals, corporate work, banking, and teachers. Obviously many of these careers can cross over into the six-figure income bracket, particularly once an individual progresses into management roles within their profession. Many of your friends and family are likely to be five-figure earners if they work in any of the jobs detailed above.
We may not know many people making a six-figure income, but five figures is significantly more common for most of us. I think our whistle-stop tour of high earners and what their income looks like has established how much is six figures in money. But if we are talking simply about wealth, we must look at more than just money. Here are a few of my quick ways to help increase your income:.
As you can see, the secret to increasing your income and aiming for the six-figure bracket is to diversify your income streams, create passive income, and follow some of the steps detailed above. You must be logged in to post a comment. Skip to content How Much is 6 Figures in Money? And 7,8, and 9 Figures Explained How much is 6 figures in money? Those who make 7 figures are usually very high up on the corporate ladder, like CEOs who have their own business.
There are also famous movie stars and athletes who earn 7 figures. Social media stars can also earn 7 figures, like those who have millions of YouTube subscribers. Kylie Jenner, for example, is a social media star that earns a billion dollars! That is quite a lot of money! Eight-figure salaries are rare, but not unheard of.
High level CEOs, big business owners, famous movie stars, social media stars, and athletes may earn 8-figure salaries. According to Forbes , the top-earning actors are:. Forbes also estimates the top-earning actresses. Why do actresses earn so much less on average than actors? That is another story in itself. For athletes, Forbes estimated that the following earn 8 figures or more.
The top-earning CEOs are below:. As you can see, there are 9 figures in that number. Remember some of the people above like Hock E. Tan, the CEO of Broadcom? A 10 figure salary means that someone is a billionaire. Ten in total! What about 12 figures? Who earns that much? Huge companies, and I doubt any actual person living today earns quite that much annually. Will people in the future earn a trillion dollars per year? You now know all about 6, 7, and 8 figures, so you will sound knowledgeable if someone ever asks you.
If you put your mind to it, you can become one of those people who makes over 6 figures! If you want to learn how to make 6 figures like me, check out my Printables Ecom Academy Course.
Pin to Pinterest: Help others learn how much 6, 7, 8 and 9 figures is by pinning to Pinterest! I was staying up all night tossing and turning. February 19, How much is 6 figures? How is it related to money?
As simple as that. Some people like to abbreviate a lot of things, and money abbreviation is one of them. Anyhow, I make that amount of money on blogging alone every year. Some will require you to put in a lot of effort afront while some can be just a click away. I make most of my money via affiliate marketing, sponsored posts, to name a few. Renting a room: If you have a spare room all decorated and fixed and you live in a busy city where tourists visit, you may consider renting it out to people via Airbnb , you could make money.
Investing money. Investing may not necessarily be your ticket to earning six-figure income per year, but it is something that can help you earn a whole of money. You can invest in real estate through sites like Fundrise or invest in the stock market.
Where do I find these six-figure jobs? Are six figures rich? This salary can be depicted in different ways.
What jobs pay 7 figures? How can I make 7 figures? Here are they: 1. Have multiple sources of income Having a day job is great. Create a product Creating a product that people like to buy can help you make a lot of money. If your product is useful and is accessibly available online, your products will become popular. This means that you could earn a lot of money from it. Click to Tweet. How to build a seven-figure income? Here are some ideas that can help you make this money even without that golden degree: 1.
Fashion designer Sure, you can go to the fashion school and get all the training you need to become a fashion designer. How much is 8 figures? If seven figures salary is the unicorn, this is the rarer of the unicorn family. What jobs pay 8 figures? Earning an eight-figure salary is a whole another. I did my research and found some interesting ideas about people earning this massive amount of money: Niche down.
People niche down or specialize in one thing and focus on it. They have investments in and outside the U. They invest in the stock market, real estate, art, among others.
Scaling their efforts.
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