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When you look at it six figures can be a lot of money for anybody.
One of the topics we discuss a lot here on Money Bliss is by having money, which will allow the doors of opportunity to open up. That means the more that you save, the more that you keep, and the less that you spend, which will help you grow the amount of money you have.
The lifestyle possibilities are endless when you increase the number of figures in your net worth.
However, many of us struggle with even understanding how to reach our first six figures.
This is something that we are going to learn how to change along with strategies to improve your money management skills.
In this post, we are going to look at what it means to have 6 figures, 7 figures, 8 figures, and even 9 figures salary.
How Much is a Figure?
Simply put, a figure is just a symbol that stands for a number.
A figure is any of the written symbols from zero to nine that are used to represent the number.
A lot of times people would believe that using six figures is another way of saying $400,000 of cash.
For example, the more figures put together is how you count the number.
- Four Figures = 4,698
- Five Figures = 43,590
- Six Figures = 234,859
- Seven Figures = 1,343,896
- Eight Figures = 12,549,475
- Nine Figures = 124,349,000
Six Figure Meaning
The means of six figures means you have six digits in your number.
How much is six figures in cash?
Six figures means anything from 100,000 to 999,999.
There are two ways to look at a six figure meaning. The first is your net worth, and the second is your income.
The reason it is important to differentiate the two is they both have different meanings on what they can accomplish in your life.
For example, reaching a six figure net worth is a great achievement because you have reached your first $100,000 saved. The six year salary meaning means that you are making over $100,000 a year.
So this is important to note because you can still reach six figures on a median salary, just through hard work and dedication.
How Much is a Six Figure Salary?
This is exactly how much is 6 figures in money…
A six figure salary ranges anywhere from $100,000 all the way up to $999,999.
Specifically, that means over the course of the year, you make a gross salary above six numerical digits. In this case, it would be $100,000.
When you reach a six figure salary, it is much easier to reach financial freedom quicker because there is more money each and every month to save versus having all of your income go to your basic expenses.
But, don’t let that fool you! There are plenty of people raking in over six figure salary and still living paycheck to paycheck.
How common is 6 figure salary?
Six figure salaries are relatively common. In fact, Statista reported that in 2020, 33.6% of US households made more than $100K a year. A salary of six figures is enough to live comfortably and in a healthy lifestyle.
Jobs That Pay 6 Figures:
- Analyst – Financial, Management, or Computer System
- Management Positions
- Freelance Writer
- College Professor
- Computer / Cybersecurity Architects
- Software Developer
- Day or Swing Trader
- Doctor / Dentist
- Commercial Pilot
- Air Traffic Controller
- Power Plant Operator
- Transportation or Distribution Manager
- Real Estate Investment Trust jobs
How much is 6 figures monthly
To figure out how much six figures is monthly is to take the six figures and divide by 12.
Your yearly number / 12 = your monthly number
For example, 100,000 yearly would be $8,333.33 a month.
On the upper end of the spectrum, 999,999 yearly would be $83,333.25 a month.
How Much Is 7 Figures?
Seven figures would be over $1 million dollars or that coveted millionaire status.
The range of seven figures would be 1,000,000 to 9,999,999.
Once you reach over seven figures net worth, it is much easier to start thinking about retirement. More specifically, being able to live off of your financial investments
7 Figures Salary
On the flip side, a seven figure salary is almost impossible for most workers to even imagine. For the average worker, it would feel the same as winning a scratch ticket.
A seven figure salary is when you earn $1,000,000 to $9,999,999 per year in earned income.
It would take average worker making a modest $60k salary a whopping sixteen and two-thirds year to accomplish reaching $1,000,000 in income.
7 Figures Salary Jobs
Most people who earn seven figures of income do so by being their own boss. Very few people make it up the corporate ladder high enough to rake in that amount of salary.
Day or Swing Trader
This one comes with a lot of practice and slowly building up to making over $100k per year. But, you can have more time freedom in your life, but making sound investment decisions. Don’t believe me? Check this video out.
This group of employees are your chief executive offers, chief operating officers, chief marketing officers, or chief financial officers. Typically, they work with a huge multinational firm with impressive annual revenues.
This is someone who starts their own business. To reach this success level, they must have spectacular products or services. With the online platform, it is much easier to start a business from scratch with little to no investment.
A consultant is a seasoned employee who wants more flexibility and decision-making in their career choice. As a consultant, they are able to name their fee to be a part of a project or job. Many of those who chose the consultant path are highly specialized and sought after in their field.
Top Sales Producer
In many cases, an individual can earn unlimited income in the sales environment. This holds true across multiple industries. However, many top sales executives may form a team to have them improve their sales numbers year over year.
Social Media Influencer
A social media influencer is someone who establishes authority and a strong reputation and is able to influence others to make certain decisions. Brands love to work with influencers to get their product noticed.
For many influencers, this is when success is the best revenge.
Real People Earning 7 Figures
- Portfolio Manager for Hedge Funds
- Popular YouTube Stars
- Most NFL Football Players
- Owner, Pro Blogger
- Small Business Owners
How Much Is 8 Figures?
Eight figures would be over $10 million dollars or that coveted double-digit millionaire status.
The range of 8 figures would be 10,000,000 to 99,999,999.
This is almost impossible for any of us to comprehend to have on a personal level. For some net worth may be a stretch; however, a very small percentage will actuall have a eight figure salary.
This is where most companies would show an eight figure balance sheet or cash flow statement.
8 Figures Salary
Next, an eight figure salary is a dream for the average worker to even imagine. For the average worker, it would feel the same as winning a Powerball ticket.
An eight figure salary is when you earn $10,000,000 to $99,999,999 per year in earned income.
It would take the average worker making a modest $60k salary a whopping 167 times more to reach $10,000,000 in income.
8 Figures Salary Jobs
- Hedge Fund Managers
- Professional Athletes with Great Endorsments
- Fortune 500 CEOs and top Managmenet
- Larger Business Owners
Real People Earning 8 Figures
- Teri Ijeoma, Founder of Trade & Travel
- Nick Saban, Football Coach
- Pfizer, CEO
- PepsiCo, CEO
- Dr. Phil
- Judge Judy
- LeBron James
How Much is 9 Figures?
Let’s face it…nine figures is a completely abstract nominal amount.
Nine figures would range from 100,000,000 to 999,999,999.
This is something that most of us will never see in our lifetimes.
And those that have the privilege of enjoying nine figures of income, typically have some of the best wealth strategies available.
9 Figures Salary
An unbelievable nine figure salary is never going to happen for 99.99% of people. This is where wealth inequity comes up for the average worker.
A nine figure salary is when you earn $100,000,000 to $999,999,999 per year in earned income.
Just shy of making one billion dollars in just one year.
It would take the average worker making a modest $60k salary a whopping 1666x their annual salary to reach making $100,000,000 in income.
9 Figures Salary Jobs
- Top Professional Athletes
- Most Talked about Entertainment Stars
- Fortuene 100 CEOs
Real People Earning 9 Figures
- Tony Robbins, Author, Speaker, and Self Improvement Guru
- Kylie Jenner
- Cristian Ranaldo
- Roger Federer
- Elon Musk
How do you know how many figures you make?
This is very simple to figure out. You need to count backward from the decimal point using your yearly salary.
- 77000.00 = 5 figures
- 143800.00 = 6 figures
- 1438594.00 = 7 figures
- 27357612.00 = 8 figures
- 107384939.00 = 9 figures
Not sure your annual salary, then figure it out with how much do I make per year.
Can You be Content with a 5 Figure Salary?
The further you get into the post, you probably feel a little bit more demotivated because the chances of any of us reaching a 6, 7, 8, or even 9 figure salary is almost next to impossible.
However, a good majority should have a six figure net worth (hopefully before you turn 30) and working your way towards seven figures or that coveted millionaire status.
Crossing over to that eight figure or nine figure net worth is much more difficult to build on your own when you make a five figure salary.
My challenge is the look deep inside and ask yourself…
Am I content with my (fill-in-the-blank figure) salary?
Like we teach on this site, you can earn an average five figure salary over your lifetime and still reach the seven figure net worth.
That is an achievement!
Something to be proud of and something you should look forward to doing if you haven’t reached it yet.
One of the biggest difficulties is lifestyle creep in comparison with others.
That is something that’s gonna hold you back financially. The doors of opportunity that can come your way. At the end of the day, it is important to increase how much money you can make to provide the lifestyle you desire.